Just watched silver get absolutely hammered today. XAG dropped to $67.24, off about $4 or 5.6% in a single session. Started the day above $73 but sellers just kept pushing it down all through the close. Every bounce attempt got rejected hard.

Looking at the weekly picture, silver is down 7.7% in the past week and 23.8% over the month. That's a sharp correction from the highs we saw earlier in 2026 when it spiked above $110. The one-year silver price prediction charts show this was a major rally from the $30s, but that peak didn't hold. Now we're seeing a broad rollover pattern that's testing support levels we haven't seen since this year's breakout started.

Technically, things look weak right now. Silver closed at $67.50 on TradingView with volume at 809K, so this selloff had real participation behind it. Bollinger Bands show upper band around $94.6, middle at $79.6, and lower band at $64.7. The metal is trading just above the lower band, which is not a comfortable spot. MACD is deeply negative at -4.067, signaling momentum is firmly to the downside.

The key question traders are asking: does the silver price prediction hold at this level or do we test lower? Support sits around $66.78, with resistance back up at $72 and the middle band at $79.64. If we can't stabilize here, industrial buyers and hedge funds are probably watching to see if this becomes a real breakdown. The longer-term trend was strong, but this correction is testing whether that uptrend was real or just a temporary spike.