Silver Plunges 4.0%: Dollar Surge Triggers Liquidation; Key Levels for MCX
Silver makes significant move of -4.02%. Analysis of key triggers, technical levels, and MCX trading outlook following the breakdown below $62.
Silver is making a significant 4.02% move today, trading at $61.36, a sharp reversal that has caught many momentum traders off guard. After testing highs near $64 earlier this week, the white metal has succumbed to intense selling pressure, breaking critical support structures. At the Positune Market Desk, our Momentum-X algorithms have flagged a “High Volatility Liquidation” event, signaling a potential trend shift from the recent bullish consolidation.
⚡ The Catalyst
The primary trigger for today’s steep 4.02% decline is a resurgence in the US Dollar Index (DXY), which strengthened by +0.51% during the session. While Gold managed to decouple and hold gains (+0.34%) due to its pure safe-haven status, Silver was battered by a “double whammy” of monetary headwinds and industrial profit-taking.
Market sentiment shifted rapidly as the $62.00 psychological support gave way. Automated stop-loss orders triggered a cascade of selling, exacerbating the move. The divergence between Gold and Silver suggests that today’s sell-off is driven by speculative liquidation in the industrial complex rather than a total abandonment of
Methodology & Disclosure
This market report is generated by Positune's Algorithmic Intelligence Engine. It aggregates real-time NSE data and verified news sources to provide instant market insights. While we verify facts via "Grounding" technology, this is automated analysis.
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