Silver nears key support after historic drop

Silver made a very sharp decline and dropped more than 40% so far from the all time highs. This is something we were concerned about, as a higher degree retracement was always somehow expected after the massive move of more than 300% from the April 2025 swing lows. Looking at the smaller 4 hour time frame, the current decline clearly looks impulsive, which supports the idea that this move is not finished yet. Price however can once again stabilized at support area around 70, from where we can see now wave (C) up, ideally final leg in B wave rally that is eyeing 92-100 resistance area; its a danger zone where bears can step in