February has been a wild ride for precious metals, with silver experiencing significant ups and downs. Despite starting the month with impressive gains and reaching its highest levels since April 2022, the metal has seen almost daily bearish developments. This has resulted in a new yearly low, with silver trading below $21.9 per ounce in the European morning session. The latest drop can be attributed to the bearish breakout from the rectangle formation (shown in green) that had been restricting trading activity in December and January. Despite the morning’s weakness, however, the metal saw a bounce during later ... (full story)