Silver Falls +10% in Two Days!Silver vs US DollarCFI:XAGUSDCFISilver continues to decline for the second consecutive day, falling by nearly 10% and erasing the gains achieved over the course of an entire week. The metal is currently trading near $78 per ounce, after reaching a peak of $89.1 just three days ago. Elevated inflation data, followed by a stronger US dollar and rising Treasury yields, have clearly added pressure on price movements. In addition, concerns over an economic slowdown driven by the energy crisis and its impact on inflation, along with the resulting decline in consumer spending power, have accelerated the pace of the sell-off. Looking at the attached chart, the levels around $77 and $71 appear to represent major support zones, as they align with the extension of a Rising Wedge pattern, in addition to coinciding with the simple moving average support. Accordingly, we will closely monitor how prices react if these levels are reached.