📊📅
📌 Silver (XAG/USD) Market Analysis — 3 February 2026
🔔 Market Snapshot:
Silver continues to experience heightened volatility, with prices oscillating sharply after recent historic highs and steep corrections. Recent data suggests silver’s price action remains tumultuous amid broad commodities selloffs, macro pressure, and technical consolidation signals.
📉 Recent Price Action
• Silver prices have pulled back sharply from record levels, trading around key support zones after a major one-day plunge.
• Technical forecasts show consolidation between $75–$80 support and $95 resistance, highlighting that recent declines could be cool-offs rather than trend reversals.
Key levels for 3 Feb 2026:
➡️ Support: ~$75–80/oz
➡️ Resistance: ~$93–95/oz