**🚨 $SLVON /USDT Update: Silver Tokenized Taking a Breather?**



iShares Silver Trust (Ondo Tokenized) just printed a sharp -6.63% move in the last 24h, closing at **$59.73**.

Quick Technical Snapshot:

**4H Chart:**
- Strong rejection from the 24h high of **$64.68**
- Price broke below key moving averages (MA5/MA10/MA30)
- Heavy red candle volume on the breakdown
- MACD showing bearish crossover with weakening momentum

**Daily Chart:**
- Downtrend still intact from the May highs near **$75+**
- Currently testing the lower range after a steep leg down
- 30-day performance: **-5.66%**

**Key Levels to Watch:**
- Resistance: $62.17 – $63.67 zone
- Support: $59.67 (recent low) → next major at ~$55.79

**Context:**
While physical silver (SLV) is down -1.53% today, the tokenized version on Gate.io is feeling extra pressure — possibly from leverage, liquidity, or broader risk-off flows.

**Sentiment Check:**
Is this a healthy pullback in the silver narrative, or the start of deeper correction? Macro backdrop (rates, USD strength, industrial demand) remains the real driver.

What’s your bias on SLVON?
Bullish dip buy or waiting for confirmation? Drop your thoughts 👇.
DYOR!

#SLVON #Silver #MyGateTradeStory
#OndoFinance
#TradFiCFDGoldMasters
SLVON-4.60%
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