XAG/USD AI Live Scan, 4-hour chart, Tuesday, 2 June 2026
Every read JAFX AI made on the XAG/USD 4-hour chart that day, newest first: trend, structure, the levels it marked and what it said to watch.
09:01 UTC
Downtrend off the highs, base building · RSI 53 · price 76.862
Lower highs since the 89.36 peak; price reclaiming the 75 shelf.
Silver carved a sharp lower high at 89.36 and unwound back to the 71.78 cycle low before stabilising; the two probes into 73.00 area look like a double bottom with bullish RSI divergence. Price has reclaimed the 75 shelf and is pressing the 77.10 swing high, lifted by the ceasefire headlines noted in the news flow. EMA20 has crossed back above price while EMA50 still slopes down, leaving the broader downtrend intact pending a reaction at supply.
Support: 74.80, 73.00, 71.78
Resistance: 77.10, 78.80
What it said to watch
H4 close above 77.10 swing high opens path to the 78.80 lower high
Rejection at 77.10 keeps the downtrend structure dominant
Loss of 74.80 swing low reopens the 73.00 range low
Headline risk from US-Iran talks could materially shift this read
Silver remains pinned inside a multi-day range between the 74.50 swing low and the 76.65 local high after the sharp rejection from the 89.36 peak two weeks back. Price is hugging the 23.6% Fibo retrace of that impulse leg, with EMA20 and EMA50 both rolling lower overhead and ATR(14) compressing — a coiling read rather than directional. RSI(14) is holding mid-40s despite a fresh low last week, hinting at bullish divergence within the range.
Support: 74.50, 73.10
Resistance: 76.65, 78.80
What it said to watch
H4 close above 76.65 local high opens the path back toward 78.80 swing high
Loss of 74.50 swing low confirms a lower-low and exposes 73.10 prior low
Sustained ATR compression suggests breakout pending from the range
01:01 UTC
Downtrend after blowoff top, attempting base · RSI 43 · price 74.981
Lower highs from 89.36 peak, basing near 73-75.
Silver remains in a corrective downtrend after the 89.36 blowoff high, with a sequence of lower highs capped by the 78.80 swing and the EMA20 near 76.94. Price has carved out a base in the 73-75 zone over the last two weeks, with the 73.00 swing low and 71.78 range low absorbing the latest flush. ATR(14) has compressed materially from the late-month expansion, consistent with consolidation rather than fresh impulse.
Support: 73.00, 71.78, 75.50
Resistance: 76.94, 78.80
What it said to watch
H4 close above 76.94 ema20 reopens the 78.80 swing high
Loss of 73.00 swing low confirms continuation toward 71.78 range low
Sustained hold of the 75.50 near-term level keeps the base intact