Silver Crashes Below $81.50 as 38.2% Fibonacci Breach Ignites Selloff

Silver (XAG/USD) tumbled below $81.50 on May 15 after breaching the 38.2% Fibonacci retracement of its rally from $72.74, triggering technical selling with RSI under 50 and MACD sell signals amid USD strength and rising yields. The metal had surged from a May 5 low of $72.74, breaking past $76 on May 6 via US-Iran de-escalation and an 8% oil drop, reclaiming $80 by May 7, then exploding $6 higher to $86.50 on May 12 on industrial demand breakout above $83-84 resistance. It peaked near $89 on May 14 but stalled as US April CPI hit 3.8% YoY, slashing Fed rate-cut odds to 1%. Short-term bearish outlook targets $80 support ahead of Trump-Xi summit.