SLV just hit a key milestone - weekly volume reached 716.98 million shares, marking the strongest week since silver peaked back in 2011. For context, that top saw 757.62 million shares change hands. Here's what caught my eye though: the week after that 2011 peak, things got ugly. Volume exploded to 1.07 billion shares as sellers dominated. If we're seeing history repeat and next week prints another heavy down move with expanded volume, it could signal serious downside pressure. Classic technical setup worth watching closely.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
12 Likes
Reward
12
4
Repost
Share
Comment
0/400
AirdropHustler
· 1h ago
The curse of 2011, is it really going to repeat this time? I feel a bit nervous looking at this data...
View OriginalReply0
TokenomicsDetective
· 1h ago
Will the history of 2011 repeat itself? We'll know by looking at next week's performance.
View OriginalReply0
RektButStillHere
· 1h ago
2011 that wave crashing down was really brutal. Are they starting to use this tactic again now?
View OriginalReply0
gm_or_ngmi
· 1h ago
Nah, this time is different. The market environment back in 2011 was completely different.
History may repeat itself, but the rhythm has definitely changed... It depends on the central bank's actions.
Is silver going to crash? Let's wait and see next week's trend.
SLV just hit a key milestone - weekly volume reached 716.98 million shares, marking the strongest week since silver peaked back in 2011. For context, that top saw 757.62 million shares change hands. Here's what caught my eye though: the week after that 2011 peak, things got ugly. Volume exploded to 1.07 billion shares as sellers dominated. If we're seeing history repeat and next week prints another heavy down move with expanded volume, it could signal serious downside pressure. Classic technical setup worth watching closely.