The World Blog by humble servant.

Short-Term Trading Scenario (1-7 Days Horizon) The silver market (via SLV ETF) experienced a historic single-day crash on January 30, 2026, with prices dropping over 27% amid broader precious metals sell-off triggered by President Trump's nomination of Kevin Warsh as Fed Chair, which strengthened the U.S. dollar and reduced fears of loose monetary policy. This erased much of the prior parabolic gains but aligns with classic blow-off top behavior after extreme overbought conditions (e.g., RSI above 80 for weeks, as you noted). Current spot silver is around $78-81, with SLV trading near $76-78 in early sessions on January 31. The Ukraine blackout news appears unrelated to the crash based on market reports, though it may contribute to global risk sentiment. Volatility is extreme (ATR around 6-7%), suggesting potential for sharp rebounds or further flushes. Sentiment on X indicates traders viewing this as a capitulation event and buying opportunity, with oversold indicators like RSI at...