XAG/USD AI Live Scan, daily chart, Monday, 3 August 2026
Every read JAFX AI made on the XAG/USD daily chart that day, newest first: trend, structure, the levels it marked and what it said to watch.
21:05 UTC
Downtrend flattened into range · RSI 52 · price 58.339
Range-bound after May collapse, holding 55-59.
Silver rolled over from the early-May peak near 89.36, shedding roughly a third of its value into the 54.77 yearly low by late June. Price has since carved a multi-week range between 56.64 and 58.70, with RSI cycling around neutral 52 and price hovering just under EMA50 — the swing-trend filter still sloping down. The hawkish-Fed regime (Sept hike ~68% priced) is capping rebounds sub-58.70 while softer oil eases the downside inflation impulse.
Support: 56.64, 54.77
Resistance: 58.70, 60.05
What it said to watch
Daily close above 58.70 range cap opens the path to 60.05
Daily close below 56.64 confirms range break toward the 54.77 yearly low
ADP and ISM Services Wed could materially shift the range read
21:05 UTC
Downtrend easing into range · RSI 51 · price 58.339
Multi-week range $55-59.
Silver collapsed from the ~$89 peak in early May, shedding roughly a third of its value into the $55 zone by mid-June. Since then it has traded a $55-59 range for over six weeks, with price now pressing the $58.70 cap after the soft Core PCE print eased dollar pressure. RSI sits mid-range and price remains below a still-declining EMA(50), keeping the broader downtrend the dominant backdrop.
Support: 56.64, 54.77
Resistance: 58.70, 60.00
What it said to watch
Daily close above 58.70 range cap opens the path to 60.00 psych
Failure to hold 56.64 range low exposes the 54.77 yearly low
ADP and ISM Services Wed could break the range read