Silver -5% to a 60-day low: $55 is the line nowSilverOANDA:XAGUSDForexupgoSilver is down about 5% today (22 Oct), trading near $55.0, the lowest level in 60 days. It is falling harder than gold (-2%): oil back near $112 Brent pushes up rate expectations, and silver also has an industrial side that suffers in a risk-off session with Nasdaq ~2% lower. What the daily chart shows (XAGUSD): • Yesterday's close: $57.98 • Today: $57.88 open, $57.90 high, ~$55.00 low so far • Previous 20-day low: $55.40, broken today • 21-day MA: ~$59.6 · 50-day MA: ~$63.3, both sloping down above price • 5-day high: $58.61 🐂 Bull case: buyers defend the $55 round number and close back above $55.40. That makes today a sweep of the October lows, with $57.98 (yesterday's close) as the first target. 🐻 Bear case: a daily close below $55 confirms a new leg lower. Momentum is clearly with the sellers while price stays under both moving averages. Silver moves bigger than gold in both directions, so position size matters more than usual today. Defend $55 or new lows? Drop your take 👇 Not financial advice. Manage your risk.