Author: Sebastian Montague

Market Dynamics and Structured Analysis of Silver Trading In the ever-evolving commodities market, silver continues to capture the attention of traders and investors alike. Currently trading at $37.455, silver has seen a decline of 1.51%, a continuation of its retraction from the peak of $38.78 reached on 7th August. This downturn was anticipated as the price approached the Daily Sell 2 ($38.58) level, forging a convergence of resistance that enabled sellers to reclaim dominance in the market. When analysing from a perspective of short-term mean reversion, we observe that the price has descended below two pivotal equilibrium points: the Daily…