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
85.1
+3.30%

$ACA

ACA
ACA
0.0043
+4.87%

$XAU

XAU
XAUUSDT
5,072.36
+0.49%