The silver market experienced significant volatility and a sharp decline this week, approaching a critical support level at $28.50. This area, previously a strong resistance point, may trigger a bounce. However, a break below $28 could lead to further drops. Silver’s price is influenced by factors such as the US dollar, interest rates, and overall risk appetite. The market appears to be at a crucial juncture, with potential for either a rebound towards $30 or a continued decline to $26, depending on how it responds to the current support level.