Silver

Key insight

$64.57 fails to hold above the $65.00 round-number pivot — a daily close below confirms momentum shift; $63.50 (50-day MA) is next support; break there opens $60.80 Fib 38.2%.

Drops 3.0% to $64.57 as gold slides 2.6% and equities sell off — dual industrial/precious metal role amplifies the hit; 50-day MA near $63.50 is the last near-term defence.

Main risk

Gold-Silver Ratio spike on risk-off

Gold drops 2.6% but silver drops 3.0% — widening ratio signals industrial demand fears dominating; loss of $63.50 targets $60.80.