Silver rallied off the 57.16 base to a week high at 60.99 during NY hours before easing back into the $60 pivot, now trading 59.34 just above EMA20. RSI(14) has cooled from overbought as the pullback holds above 59.04. The $60 handle — support-turned-resistance within the broader YTD downtrend flagged in the news read — capped the advance.
Support: 59.04, 58.58, 57.16
Resistance: 60.00, 60.99
What it said to watch
Loss of 59.04 opens the 58.58 zone and negates the rising-low structure
Reclaim of 60.00 needed to retest the 60.99 week high
US NFP (12:30 UTC) is the week's dominant catalyst and could reset this read
Silver rallied off the 57.16 prior low into the 61 handle during the NY session, tagging 60.99 before rejection back below the 60.00 psych pivot — the level context flags as support-turned-resistance. Price has since eased toward EMA20 near 58.90 with RSI cooling back to the high-40s. Higher lows since Monday's open keep the this-week bounce structurally intact for now.
Support: 58.90, 58.34, 57.16
Resistance: 60.00, 60.99
What it said to watch
Hourly close below 58.34 swing low would break the higher-low sequence
Reclaim of 60.00 psych reopens the 60.99 week high
US NFP Thu 12:30 UTC is the week's dominant catalyst and could reset this read
Silver clawed back from Monday's 55.69 low, grinding through the 57-59 band before a sharp NY-session push tagged 60.99 today. Price has since eased back below the $60 psych level while holding above EMA20 and EMA50, with RSI cooling from the highs. The broader read stays heavy, but this-week structure is a recovery with rising lows intact.
Support: 58.50, 57.16, 55.69
Resistance: 60.00, 60.99
What it said to watch
US NFP Thu 12:30 UTC is the dominant catalyst and could reset this read
H1 close back above 60.00 psych opens the path toward the 60.99 week high
Failure to hold 58.50 EMA20 exposes the 57.16 swing low
Silver ripped from the $57.15 base into a 60.99 week high across the Wednesday-Thursday sessions before slipping back under the $60 round number, where price now hovers at 59.87. The rally held despite softer US data (ADP 98K, ISM 53.3) that failed to dent the firm dollar, so the metal sits pinned just below the $60 support-turned-resistance the digest flags. RSI(14) has cooled from overbought as the last four bars stalled beneath 60.99.
Support: 59.02
Resistance: 60.00, 60.99
What it said to watch
Hourly close back above 60.00 re-opens the 60.99 week high
Loss of 59.02 swing low breaks the week's higher-low sequence
US Nonfarm Payrolls Thu 12:30 UTC is the week's key catalyst and could reset this read
Silver spent most of the week pinned in a 57.20–59.50 band before a sharp NY-session impulse cleared $60 for the first time this window, tagging 60.99. The soft ADP (98K) and ISM misses gave a relief squeeze that lifted the metal off the range base, with RSI(14) now elevated near 66 and price holding above EMA20/EMA50. $60.00, a level that had capped bounces all week, is now being tested as support.
Support: 60.00, 57.16
Resistance: 60.99
What it said to watch
US NFP + Avg Hourly Earnings Thu 12:30 UTC is the week's catalyst and could reset this read
Hourly close back below 60.00 flips the breakout into a false break of the range base
Sustained trade above 60.99 opens continuation of the impulse
Silver squeezed roughly 3% off the $57.15 swing low into the NY session, punching through the $60.00 psych level that had capped the week and printing a $60.99 week high; softer US data (ADP 98K, ISM 53.3) took the edge off the dollar and fuelled the relief bounce. Price now holds just above $60 with RSI(14) stretched near 66, well clear of EMA20/EMA50. The move flips $60.00 from resistance to first support on any pullback.
Support: 60.00, 58.80
Resistance: 60.99
What it said to watch
Hold above $60.00 confirms the break; loss of it re-exposes the 58.80 prior high
Rejection at the 60.99 week high would cap the squeeze
US NFP Thu 12:30 UTC (~20h away) is the week's key catalyst and could reset this read
Silver cleared the $60.00 shelf that capped every bounce this week, printing a 60.99 session high on a sharp impulse through the NY session after soft ADP and ISM prints. RSI(14) is stretched near 71 as price sits well above EMA20 and EMA50, with the prior range top now the immediate support-turned-pivot. The advance runs into US Nonfarm Payrolls tomorrow, the week's defining catalyst.
Support: 60.00
Resistance: 60.99
What it said to watch
US Nonfarm Payrolls Jul 2 12:30 UTC — a hot print could reverse this breakout
Hourly close back below 60.00 would negate the breakout and re-establish the range
Sustained hold above 60.00 keeps the path open toward the 60.99 week high
Silver ripped through the $60 shelf into the NY session, tagging 60.69 after a week pinned below the level, with the ADP miss (98K vs 113K) offering the non-yielder brief relief. RSI(14) is stretched near 74 and price sits well above EMA20/EMA50 following a near-vertical last-hour move. The 60.00 area now flips from resistance to first support, with the prior range top around 58.90 sitting below.
Support: 60.00, 58.90
Resistance: 60.69
What it said to watch
Retest of 60.00 — hold keeps the breakout intact, an hourly close back below negates it
NFP Thu 12:30 UTC could materially shift this read
Failure to clear the 60.69 session high leaves false-break risk
Silver remains capped below the 60.00 psych level after Tuesday's spike to 60.43 was sold hard, and price has since chopped within this week's 57.16–59.60 band on hawkish-Fed repricing and firmer US yields. Since the swing low at 57.16 buyers stepped in through the NY session, lifting price back above EMA20/EMA50 with RSI(14) cycling back toward the mid-50s. The weekly open at 59.20 and weekly high at 59.60 are the near-term ceiling, having capped every attempt this week.
Support: 57.16, 56.60
Resistance: 59.20, 59.60, 60.00
What it said to watch
H1 close above 59.60 weekly high would break the range top toward the 60.00 psych cap
Loss of the 57.16 swing low reopens the 56.60 bounce zone
Warsh at 13:00 UTC and ISM at 14:00 UTC could materially shift this read
12:02 UTC
Range, recovering off lows · RSI 58 · price 58.902
Choppy range 57.15–60.43, mid-range.
Silver was rejected at the $60 handle (60.43 high) and slid to 57.15 into the NY session yesterday as hawkish-Fed repricing and firmer yields weighed. Price has since reclaimed EMA20 and pushed back to 58.90, with RSI(14) recovering toward the mid-50s. The week remains a choppy range between roughly 57.15 and 60.43, and $60 keeps capping upside attempts.
Support: 57.40, 56.60
Resistance: 59.60, 60.00
What it said to watch
H1 close above 59.60 reopens the 60.00 psych cap
Failure to hold 57.40 exposes weekly support at 56.60
ADP 12:15 UTC, Warsh 13:00 UTC and ISM 14:00 UTC could materially shift this read
11:03 UTC
Range, recovering off lows · RSI 50 · price 58.244
Range between 56.60 and 60.00, bounce from 57.15.
Silver stayed pinned in its seven-month-low zone this week, with a spike to 60.43 mid-week faded hard back to 57.15 as the firm dollar capped the bounce. Price has since clawed back to 58.24 on rising higher-lows but sits just below the H1 EMA(20), keeping the recovery corrective. The 59.02 recent high and 60.00 ceiling have repeatedly rejected rallies while demand near 56.60 remains the pivot.
Support: 57.15, 56.60
Resistance: 59.02, 60.00
What it said to watch
ADP 12:15 UTC, Warsh 13:00 and ISM 14:00 could materially shift this read
H1 close above 59.02 recent high would extend the corrective bounce toward the 60.00 ceiling
Failure to hold 57.15 swing low reopens the 56.60 pivot and YTD low
Silver spiked to 60.43 during Tuesday's NY session then faded hard, printing a run of lower highs back below the $58 pivot into the current 57.65 area. The move down tracks a firm USD after the JOLTS beat kept hawkish-Fed pricing intact, with the $60 handle capping every rebound. RSI(14) sits in the low 40s and price is trading under both EMA(20) and EMA(50).
Support: 57.09, 56.61, 55.63
Resistance: 58.00
What it said to watch
A break of 57.09 session low exposes 56.61 prior low then the 55.63 ytd low
Reclaim of 58.00 psych would neutralise the sub-$58 pressure
ADP (12:15) and ISM/Warsh (13:00-14:00) can materially shift this read
Wednesday's spike to 60.43 was rejected and the whole leg has since faded back toward 57.5, leaving price below EMA20/50 as the hawkish-Fed regime keeps rebounds toward 60 capped. RSI(14) sits in the low-40s with price grinding along recent session lows near 57.09. Move stalled after the JOLTS beat firmed the USD and knocked silver back under 58.00.
Support: 57.09, 56.60, 55.63
Resistance: 58.01
What it said to watch
H1 close below 57.09 exposes the 56.60 key support then the 55.63 ytd low
Reclaim of 58.01 prior high needed to relieve the fade from 60
ADP (12:15 GMT) and ISM Mfg (14:00 GMT) plus Warsh could materially shift this read
07:03 UTC
Downtrend after $60 rejection · RSI 37 · price 57.481
Lower highs, lower lows off the peak.
Silver spiked to 60.43 in yesterday's NY session but the move above the $60 psych level failed and price has bled back to 57.48, unwinding the entire impulse amid a firm USD and hawkish-Fed pricing. H1 now prints clean lower highs and lower lows below both EMAs, with RSI(14) sitting in the mid-30s. The $56.61 shelf remains the structural line beneath current price.
Support: 56.61, 55.63
What it said to watch
ADP (12:15 UTC) and Warsh (13:00 UTC) could materially shift this read
Hourly close below 56.61 shelf exposes the 55.63 ytd low
Reclaim of $60 psych would negate the rejection and downtrend read
06:03 UTC
Pullback after rejection at $60 · RSI 40 · price 57.562
Lower highs off week high, full retrace of the spike.
Silver spiked to 60.43 into the NY session then rejected hard, retracing the entire week's impulse back near 57.5 and slipping below EMA(20) at ~58.65. The $60.00 pivot (prior support turned resistance) stayed unbroken, and successive lower highs since the peak keep the corrective structure intact. ADP (12:15 UTC), Warsh (13:00 UTC) and ISM Manufacturing (14:00 UTC) are the near-term catalysts.
Support: 57.05, 56.60, 55.63
Resistance: 58.67, 58.65, 60.00
What it said to watch
Close below 57.05 swing low exposes the 56.60 shelf and 55.63 ytd low
Reclaim of 58.67 lower high needed to arrest the descending sequence
ADP 12:15 UTC and Warsh 13:00 UTC could materially shift this read
Silver spiked to 60.43 mid-week then was rejected sharply, unwinding the entire push back to 57.66 as USD stayed firm on the hawkish-Fed narrative (JOLTS beat 7.594M). Price now sits below EMA20 and EMA50 with a sequence of lower highs into the NY session; the 60.00 pivot remains unbroken and every bounce has capped below it. RSI(14) has cycled back to the low-40s as the corrective leg fades.
Support: 56.60, 55.63
Resistance: 60.00
What it said to watch
Close below 56.60 shelf exposes the 55.63 ytd low
Reclaim of 60.00 pivot would break the lower-high structure
ADP at 12:15 UTC and Warsh at 13:00 UTC could materially shift this read
Silver spiked to 60.43 into the NY session before reversing hard back below 58, a false break of the 60.00 pivot flagged as support-turned-resistance. Price now sits at 57.80, below EMA(20) and EMA(50), retracing the corrective bounce off the 55.70 week low as a firm USD caps the upside. RSI(14) has rolled back to the low-40s after the rejection.
Support: 57.24, 56.60, 55.69
Resistance: 58.85, 60.00, 60.428
What it said to watch
Reclaim of 58.85 would reopen the 60.00 pivot; continued rejection keeps the range top capped
Loss of 57.24 swing low exposes 56.60 pivot then 55.69 week low
ADP (12:15 UTC) and Warsh (13:00 UTC) could materially shift this read
03:03 UTC
Corrective pullback after spike · RSI 44 · price 57.759
Faded off 60 pivot, back below EMA20.
Silver spiked to 60.43 on the corrective bounce off the 56.60 zone, but the poke above the $60 pivot didn't hold and price has faded back under the EMA20 into 57.76. RSI(14) has rolled off the mid-50s toward 44 as the pullback develops, with the 59.57 range top capping and 57.24 the nearest floor. Move fits the digest's read of an oversold bounce fading rather than a trend turn.
Support: 57.24, 56.60
Resistance: 58.70, 59.57
What it said to watch
ADP 12:15 UTC and Warsh 13:00 UTC could materially shift this read
H1 close below 57.24 exposes 56.60 pivot
Reclaim of EMA20 near 58.70 needed to revive the bounce
02:03 UTC
Corrective bounce faded, momentum rolling over · RSI 42 · price 57.678
Rejection near $60, lower highs printing off the spike.
Silver squeezed off the $57.24 swing low into a $60.43 spike, but the push above $60 failed and price has unwound the entire move, closing back at 57.68 after a sharp last-bar drop from 58.67. The firm-USD, hawkish-Fed regime keeps this bounce corrective within a month that's down over 22%. Lower highs since the spike confirm supply capping into the $60 area.
Support: 57.24, 56.60
Resistance: 58.67, 59.57
What it said to watch
H1 close below 57.24 exposes the 56.60 base then 55.63
Reclaim of 58.67 needed to re-challenge the $59.57 range top
ADP (12:15 GMT), ISM Manufacturing (14:00) and Warsh speech could materially shift this read
Silver ground higher off the 56.60 shelf across the week, tagging 60.43 before sellers capped the metal under 60 and price pulled back to 58.6, now slipping below the H1 EMA(20). The bounce reads corrective within the broader hawkish-Fed downtrend, with a JOLTS beat (7.594M) reinforcing firm USD and keeping rallies capped. RSI(14) has cooled back to the mid-40s as the pullback drains the surge that drove the 60 test.
Support: 57.24, 56.60
Resistance: 60.00, 60.43
What it said to watch
Daily close above 60.00 needed to neutralize the capped read
Failure to hold 57.24 opens the 56.60 shelf
ADP + Warsh + ISM Mfg PMI today, then Thursday NFP could reshape this read
00:03 UTC
Corrective bounce, momentum rolling over · RSI 47 · price 58.393
Recovery off 56.60 low, capped under 60.
Silver staged a corrective bounce off the 56.60 shelf and spiked to 60.43 in the NY session before the 60.00 cap rejected the move. Price has since faded back below EMA(20) toward 58.39 with RSI(14) cooling to the mid-40s, keeping this a rebound within the broader hawkish-Fed downtrend rather than a trend change. The 60.00/59.57 area capped the advance and prior-day lows near 58.16 are now the immediate floor.
Support: 58.16, 57.24, 56.60
Resistance: 59.57, 60.00, 60.43
What it said to watch
Hourly close above 60.00 needed to neutralize the rejection under the cap
Failure to hold 58.16 exposes the 57.24 swing low and the 56.60 shelf
ADP + ISM Mfg (Wed 12:15/14:00 GMT) and Warsh speech could materially shift this read