Silver hits key support as retail bargain hunters step in
Silver has fallen to a key price support level, attracting significant buying from retail bargain hunters after a sharp multi-month setback in precious metals markets.
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Silver prices have dropped to a critical support zone, triggering a wave of retail bargain hunting over the past several days. The move follows the sharpest decline in gold and silver in months.
According to market observers, retail participants have been actively buying the dip, which may provide a floor for prices in the near term. The extent of further downside will depend on whether institutional flows align with this retail demand.
Source: FXStreet Forex News