Silver just had one of the ugliest weeks in its history fueling bearish price prediction.
After surging to near $90, the metal collapsed 27% in just over a week. Bottom landed somewhere in the $64 to $74 range. The chart looks like a crime scene.
Silver Price Prediction: Can Silver Hold Support at $65 Amid Liquidation Fears?
The technical damage is severe but the chart has seen worse.
Price stabilized above $74, a level that previously acted as resistance during the early breakout. That flip to support is the one thing bulls can point to. But the bounce to $90 came on thin volume. Institutional conviction that drove the rally to $120 is nowhere to be seen on the recovery.
The long squeeze mechanics made the drop worse than it needed to be. Margin requirements rose, traders could not meet capital calls, automatic sell orders flooded the market, price accelerated lower. A feedback loop with no natural brake.
Silver is still up roughly 11% year to date despite the carnage. But the $65 floor is critical. Lose it and the next real support does not appear until the mid $60s.
The 200% rally attracted massive hot money. That money does not flush out in a day. Until those positions are fully cleared, volatility stays elevated and the chart stays dangerous. Neither bulls nor bears have clean control right now.
This is a chop zone. Trading it requires patience most retail investors do not have.
Maxi Doge Targets Early Mover Upside as Silver Stalls
While commodities traders recover from the CME margin wipeout, speculative capital is rotating fast.
Hard asset uncertainty is pushing flows into high-beta meme tokens. Maxi Doge is catching that rotation directly.
The pitch lands differently after a week like silver just had. No margin hikes. No capital calls. No regulatory authority that can force liquidations overnight. Just a gamified trading ecosystem built around the 1000x mentality.
Holder-only trading competitions, a Maxi Fund treasury backing liquidity, and dynamic staking APY rewarding holders through volatility. The never skip leg day never skip a pump ethos is resonating with traders tired of watching commodities blow up on regulatory technicalities.
The presale has raised $4,689,169.78 so far. Current price is $0.0002809.
Silver needed a margin hike to remind traders how fragile leverage can be. $MAXI is built for traders who want the leverage without the CME deciding when the game ends.
Visit the Official Maxi Doge Website Here
The post Silver Price Prediction: CME Just Hiked Silver Margins and Triggered a 46% Crash From All-Time Highs — Is the Worst Over? appeared first on Cryptonews.
Credit: Source link