Silver made new ATH of ~$84 on Friday then fell sharply in post-market session. Current surge is product of commodity supercycle driven by industrial demand and demand for safe assets as traditional assets highly correlated. Critical developments: CME raised margin requirements to $25,000 and there is shortage in Shanghai markets as Asian industrial demand eating up new supply. Can expect sustained bullish momentum from this point onwards, but no big jumps.
Key Levels: Support at $70.882 | Resistance at $81.593
Investor Takeaway: RSI below MA line trending upward with high MACD selling pressures; CME margin hike and Shanghai shortage confirm physical demand tightness supporting medium-term bull case despite near-term volatility.
