The silver market saw a drastic drop of 33% in just 48 hours, hitting $76 from a peak of $121. The iShares Silver Trust ETF (SLV) swelled to $41 billion in assets, despite the crash. Silver’s dual identity is defined by industrial necessity and speculative mania.

The crash was triggered by the nomination of Kevin Warsh as the next Fed chair, leading to higher U.S. Treasury yields and a surging dollar. The silver trade’s thrill was replaced by a rising opportunity cost for holding metals. Risk management is crucial to avoid being caught in a margin call.

Analyzing both sides of the coin is essential when it comes to silver trading. The charts show a potential bounce for SLV in the short term, but a more ominous outlook in the long term. Managing risk throughout the investment process is crucial to avoid losses in volatile markets.

Read more at Yahoo Finance: What’s Next for Silver? Why Considering Both Sides of the Coin Matters For What Comes Next.