Silver turns into scrap metal! Dropped from 121 to 60—down half in six months is not enough: the next target level is 40

A crash and a cut in half! Silver, abandoned by capital, collapsed from $121 to $60—the ending was already destined
In the ever-sliding precious metals market, gold has finally gotten a chance to breathe.
After four straight weeks of declines, spot gold rebounded strongly, gaining more than 2% for the week. During the session, it once surged to $4,202.09 per ounce, hitting a new two-week high, fully stopping the prior slump and giving many longs a chance to exhale.
Although it is still far from the historical peak of $5,600 per ounce at the end of January, compared with silver’s near halving, gold’s resilience is nothing short of top-tier.
As of July 7, spot silver still trades around $60 per ounce. Versus the early-year historical high of $121.65 per ounce, it has fallen a full half.
Investors who piled into silver at the beginning of the year, hoping for a doubling run, are now staring at accounts that have shrunk by more than half—already lacking the energy to complain.
Precious metals are the same, and they both went through a round of a super bull market—yet gold held up through the correction while silver came close to a collapse.
Many people can’t help but ask: who exactly killed silver? Did market sentiment collapse, did the main players go crazy dumping, or is silver itself simply not meant to have a long-term bull market? $XAG
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