This report is provided by MacroTerms.com
Data as of: 2026-10-23 · Settlement: Exchange final daily settlement
Silver (SI=F) Deep Dive | Bearish Bias on Breakdown Risk | 2026-10-26
Bearish: Silver broke below the prior 20-day low of 54.53, invalidating the near-term recovery structure. The price is now testing the 20-day channel low at 53.075, with invalidation at a daily close below 53.075. Momentum is negative with 5D at -5.86% and 20D at -16.75%, while implied volatility premium over realized persists at +6.1 vol points, reflecting options demand rather than directional conviction. The COT net position remains lightly crowded at 28.21 percentile, offering limited defensive support.
This brief is published in Chinese. The English translation is being prepared.
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