Importantly, that move matters since silver had been trying to stabilize after the March selloff. Instead, the market turns lower again and gives back ground quickly. Traders are now watching whether this drop is a pullback or opens the way to a deeper slide
The recent Investing.com intraday chart shows silver at $70.792, down $4.285, or 5.71%, on the day. Price swings higher into the $75 to $76 zone during the session, then reverses and drops back toward $70.80 into the close. That intraday move shows sellers overpowering buyers after an early attempt to recover.
At the same time, the broader daily Investing.com data confirms the same pattern. Immediate support sits near the daily low at around $69.60, then the $68 to $70 area. Resistance begins near $74.80 to $76.30, where price meets the recent breakdown zone. Silver now needs to reclaim those levels before buyers can regain short-term control.
At the time of writing, TradingView data indicate XAGUSD opened at $74.799, reached a high of $75.828, fell to a low of $69.606, and closed near $70.561, down 5.99%. That is a large daily reversal, and it leaves silver close to the session low rather than near the middle of the range.
Additionally, the TradingView data volume remains active during the decline, with ticks around 174.26K on the daily chart. The longer price structure also shows silver pulling back from much higher levels reached earlier in the year. After peaking above $110 in late January, the market breaks lower, rebounds unevenly, and then rolls over again into early April.
On the other hand, the Bollinger Bands chart shows the upper band at $89.629, the middle band at $76.288, and the lower band at $62.947. Silver closes at $70.581, which leaves the price clearly below the middle band and much closer to the lower side of the range. That placement shows short-term weakness and confirms that silver is still trading under important trend resistance.
MACD is still negative on the daily TradingView chart. The MACD line stands at -3.244, the signal line at -3.260, and the histogram is barely positive at 0.016. That setup shows bearish momentum has cooled, but it has not turned into a strong bullish reversal. In other words, the market is stabilizing slightly inside a weak structure, not breaking out of it.
