The Metals Bloodbath: Silver $121 To $74. Why I’m Not Buying Long-Term Yet
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In today’s emergency update, Chief Market Strategist Gareth Soloway breaks down the historic 39% intraday drop in Silver, which plummeted from a high of $121 yesterday to a low of $74 today. This isn't just a correction—it’s a massive liquidity washout driven by extreme leverage and "exponential" greed.
Gareth explains why the charts gave us a heads-up days ago with a "Topping Tail" signal and reveals exactly where he stepped in to buy the bounce for a swing trade. But beware: the technical damage is extensive. While Gareth remains a long-term bull, he explains why his "Big Buy" level is still much lower.
Inside This Technical Breakdown:
The Silver Massacre: Analyzing the $121 to $74 move and the major support zone at $71–$72.
The "Topping Tail": A masterclass on the reversal signal that successfully predicted this top 70% of the time.
Gold’s 16% Flush: Why $4,500 was a swing trade "nibble" and where the $3,500 long-term floor sits.
Liquidation Lessons: How "100x leverage" in the metals markets mimics the worst of crypto's flash crashes.
Platinum & Palladium: Exact buy levels for the other precious metals as they hit major uptrend lines.
Human Psychology: Why "This Time is Different" is the most expensive phrase in trading.
"Charts and data. Drill it into your mind. When things go parabolic and irrational, you don't chase—you wait for the flush." — Gareth Soloway
Video Length: 00:11:06
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