Silver market has been on a wild ride this year, with the latest rally especially fierce. The price level that silver has never touched before was broken on Monday — the silver/USD trading price first broke through $80/oz, with an intraday high even reaching a historic record of $84. The entire year's trend has been like a rocket fueled, soaring upward.

But the show isn't over yet. During the early Asian trading session, after hitting the peak of $84, silver experienced a sharp plunge. This rapid decline was no coincidence — it was clearly a sign of profit-taking. Large funds are cashing out at high levels, indicating that some investors have already taken profits.

From a technical perspective, the situation is even more interesting. The RSI indicator has entered a typical correction zone, which suggests what? Future volatility could become even more intense. The pace of capital inflows and outflows by speculators is accelerating, and the price of this precious metal may become more volatile. Traders need to stay alert.