Silver Price Slides to $73 as $71 Support Becomes Make-or-Break

Silver (XAG/USD) slipped 2.1% on Thursday to trade near $73, putting bears within striking distance of the $71 swing low. A break would expose the long-term 0.618 Fibonacci retracement at $69.

Meanwhile, the daily Relative Strength Index (RSI) tests an ascending trendline that has guided momentum since late March. Traders now wait to see whether buyers defend the line or surrender it.

Silver…