A technical analysis by Coin Edition revealed that silver prices plummeted by more than 30% in a single trading session, marking their steepest daily drop since 1980.

This collapse followed a strong rally in January that propelled silver prices from around $72 to over $120 per ounce before the sudden reversal. Silver is currently trading at $85.36.

$XAG

XAG
XAGUSDT
89.42
+4.04%

$ACA

ACA
ACA
0.0044
-10.20%

$XAU

XAU
XAUUSDT
5,042.75
+2.70%