I saw that today silver dropped very sharply. XAG/USD recently broke below $70, which was a key psychological level that many traders were watching. Support levels that previously seemed strong have been broken one by one.

Analysts say the dollar has strengthened, Treasury yields have risen, and concerns about industrial demand are also involved. Therefore, silver prices have come under this pressure. Trading volume was also high, so this was not just a technical correction.

If you look at the chart, the RSI has fallen below 30, which usually indicates oversold conditions. But the MACD is still bearish. The next support level is around $68.40, and if that also breaks, it could continue down to $66.80.

Interestingly, gold didn't fall like this. It only decreased by about 3%, but silver dropped around 8%. This shows that silver has higher volatility.

Long-term fundamentals for silver still look good—renewable energy, inflation, and others. But until the silver price stabilizes, caution is advisable. The next few weeks will be very important.