During today's session, we can observe a solid declines in the precious metals market. Gold is losing 3%, while the sell-off on silver reached nearly 5%! From a technical point of view, declines are caused by the broad head-and-shoulder formation that is clearly visible on the H1 interval. After breaking below the zone at $ 26.75, the declines intensified, then we saw a correction, which resulted in generating another downward impulse. Currently price of silver is trading below the support at $ 26.00, which opens the way for a bigger decline towards $ 25.00 level.
Silver interval H1. Source: xStation5
Market Wrap: Defence bucks declines in Europe. Dollar stabilises before Jackson Hole (27.08.2026)
Rising Natgas Prices: Winter Outlook
Technical analysis: Silver tests a key support level. What comes next?
🌾Chart of the day: Why is wheat gaining so strongly?