Silver price fell more than 5% today and is one of the most heavily sold commodities today. Yesterday, the price of silver at one point gained over 10% and reached the highest level in 7 years. Yesterday's gains were related to a rally of small retail investors from the Reddit group in the US who bought silver. The silver market, however, is definitely a larger market than a single listed company, so bigger moves need more capital.
Key short-term support for silver is located around 26.80. Source: xStation5
Daily Summary: Technology Drives Wall Street to Record Highs Despite Tensions in the Persian Gulf
🔴 Three markets to watch next week: EURUSD, CH50cash, OIL (08.05.2026)
Chart of the day: SILVER doesn't give up 📈 Capital flows back to the market 🔍
Morning wrap: Indices climb despite shots fired in the Strait of Hormuz 📈 💥