Covalent|Aug 29, 2026 21:27
Gold got the liquidation. Silver got the volume.
xyz:SILVER has been actively trading for weeks, not just reacting to a single move.
Most days printed between $50M and $160M in volume. Then the latest session pushed close to $200M, the highest bar on the chart.
30-day volume now sits at $2.61B.
The interesting part is the timing.
Gold’s recent move exposed how crowded the metals trade had become. Silver is showing the other side of that tape: sustained activity, with volume now pushing to a monthly high.
Cash markets may be closed for the weekend.(Covalent)
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