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Silver Holds Critical Level?
Silver fights to defend key support after a sharp sell-off. SLVON shows resilience with rising participation.
🔹 $SLVON fluctuated between 67.89 and 69.8 dollars in the last 24 hours. It sits down just 0.1 percent yet outperformed BTC by 0.54 percent.
🔹 Trading volume accelerated strongly. 24-hour volume reached 414K dollars — about 25 times the 7-day average.
🔹 Spot silver tests the 75 dollar zone. The metal dropped over 2 percent recently and now battles to hold this important support level.
Strong volume with price action signals buyer interest even in a weak broader market. If silver stays above 75 dollars it can target 78-80 resistance next.
Friends, do you see silver holding here for a rebound or expect deeper correction first? Share your view. 📈
$XAGUSD
#TradfiTradingChallenge