Margin increases and excess leverage triggered last week’s selloff in metals, but the charts suggest an even more explosive rally could follow—similar to 1979–1980.

Silver prices crashed on Friday. One commodities expert says there are three signs to watch for to know if more pain is coming.

Why is silver price rising by 7.6% and will it go above $76.64 or fall back? Silver surged to $76.64 per ounce after falling below $65 earlier. The rebound followed gold recovery, a softer dollar, and geopolitical concerns.

As metals retraced between 10% to 20% from their extreme rallies last Friday on the Kevin Warsh announcement, doubts are emerging and participants are now finding new reasons to mean-revert.

Silver market retreats from all-time high as reversal pattern emerges. Gold’s 5% plunge triggers selloff with critical support levels at $106.77 and below.

One of the key reason behind decline in silver prices is the risk-off sentiment in global markets for safe haven assets like gold, silver and even cryptocurrency. All these assets are trading under pressure despite heightened geopolitical risks globally.

Similar flows occurred in copper, silver, palladium, and platinum, all dropping by 9% to 11%. By the way, copper spiked to new record highs in yesterday's evening session, reaching $6.52 per lb, but still lacking a more fundamental foundation to persistently elevated prices.