11:17 AM · 19 August 2022

🥈Silver falls 1.5%

SILVER
Commodities
-
-

Silver is experiencing a massive sell-off  today and loses nearly 1.5%, as does oil and iron ore. On the other hand, copper is gaining today. Interestingly, recently the amount of silver in COMEX vaults decreased significantly. Investors pulled out around 280 million ounces of silver last week. Meanwhile  ETFs, after a gigantic sell-off in recent months, kept the level of bullion in their vaults unchanged in August.

There is no denying, however, that silver is facing tremendous supply pressure. This week, silver is likely to drop over 7% and cut recent gains by more than 2/3. The negative scenario for silver could reverse if price manages to return above the 50 session average, which coincides with 23.6  retracement of the last massive downward wave and psychological resistance around $ 20.00 per ounce.

Source: xStation5

20 October 2025, 6:32 AM

Morning wrap (20.10.2025)

17 October 2025, 6:28 PM

VIX drops 10% amid Wall Street rebound attempt🗽

17 October 2025, 5:50 PM

3 markets to watch next week - (17.10.2025)

17 October 2025, 5:19 PM

Precious metals decline 📉Gold down 2%; Silver loses 4%

Join over 1 700 000 XTB Group Clients from around the world

The financial instruments we offer, especially CFDs, can be highly risky. Fractional Shares (FS) is an acquired from XTB fiduciary right to fractional parts of stocks and ETFs. FS are not a separate financial instrument. The limited corporate rights are associated with FS.
This page was not created for investors residing in Brazil. This brokerage is not authorized by the Comissão de Valores Mobiliários (CVM) or the Brazilian Central Bank (BCB). The content of this page should not be characterized as an investment offer in Brazil or for investors residing in that country.
Losses can exceed deposits