On Monday, March silver futures experienced a bearish reversal, closing near the day’s low with a notable bearish “key reversal” down pattern. Bulls aim to break resistance at $82.67, while bears hope for prices below $67.50. Initial resistance levels are at $73.00 and $74.00, with support at $70.00 and $69.00.

Spot Silver (XAG/USD) dropped to $70.07 after breaking Monday’s low, closing at $71.64 – a $4.60 or -6.04% loss. Further downside is expected following Monday’s reversal. Traders face higher volatility and increased margin requirements due to extreme price swings. Despite bullish fundamentals, strategic trading is now crucial.

Industrial demand for silver is set to rise in 2025, creating a supply deficit. Traders must adjust strategies for success amidst changing trading conditions. Seeking value entries is key, with $64.79 to $60.25 as a preferred entry zone. Resistance lies between 72.080~74.570, with strong support at 65.645~69.290.

Read more at Barchart: Silver prices – is the volatility expected to subside and lower prices to more buyable levels?