Silver has been on the back foot all week, sliding from Monday's ~75.50 open to a 72.45 base as firm US data and safe-haven USD demand kept it on a fourth straight weekly decline. The 74.00 handle has capped every bounce, including a sharp NY-session spike to 75.06 that was sold straight back into the low-73s. Price now coils in a 73.80–74.10 band just above EMA20 with RSI(14) back near 50 after basing twice around 72.50.
Support: 73.19, 72.45
Resistance: 74.05, 74.67, 75.06
What it said to watch
Sustained close above 74.05 reopens the 74.67 swing high
Loss of 73.19 reasserts the downtrend toward the 72.45 week low
US Nonfarm Payrolls Fri 12:30 UTC could materially shift this read
Silver has trended lower all week on firm USD and fading Mideast de-escalation, dropping from the 75.80 weekly open to a 72.61 base before a recovery into the 73-74 zone. Price is stalling at the 38.2% retracement of the weekly decline near 73.87, with RSI(14) cycling back toward midline and price hugging EMA(20) while EMA(50) caps overhead. The 74.69-75.06 supply band has rejected the last bounce attempt.
Support: 73.10, 72.61
Resistance: 74.69, 75.06, 75.80
What it said to watch
US Nonfarm Payrolls Fri 12:30 UTC (~15h) is the next pivot and can reset this read
H1 close above 74.69 challenges the lower-high structure
Silver has been in a steady downtrend since Monday's 76.99 print, carving lower highs through London and rolling through 74.00 into a swing low at 72.61. A sharp NY spike to 74.67 failed and unwound on the same bar, leaving price consolidating in a 73.85–74.13 range below both EMAs with RSI(14) recovering from oversold into the mid-40s.
Support: 73.10, 72.61
Resistance: 74.13, 74.67
What it said to watch
Reclaim of 74.13 session high opens room back toward 74.67 spike high
Hourly close below 73.10 swing low re-exposes the 72.61 week low
Failure to hold current basing keeps the four-week decline theme intact noted in FXStreet commentary
20:01 UTC
Downtrend, attempting base · RSI 45 · price 74.038
Lower highs into 73.10 sweep, corrective bounce capped at 75.06.
Silver has been in a downtrend since Tuesday's session high near 76.99, breaking 75.00 mid-week and sweeping 72.61 in the London-NY transition before staging a corrective bounce. That bounce stalled at 75.06 during NY hours and price was rejected back below 74.00, leaving H1 below both EMA(20) and EMA(50). RSI(14) at ~45 reflects the loss of upside momentum after the failed reclaim.
Support: 73.19, 72.61
Resistance: 75.06, 75.87
What it said to watch
Hourly close back above 75.06 negates the rejection and reopens 75.87
Loss of the 73.19 swept low confirms continuation toward the 72.61 week low
US payrolls due in the upcoming session could materially shift this read
Range-bound within 72.45–77.00, lower highs since Tuesday.
Silver has carved a sequence of lower highs since Tuesday's 76.99 peak, with the NY session selling off from 75.06 back into the 73.10–73.90 zone. Price now sits just above EMA(20) on H1 but well below EMA(50), and RSI(14) at ~45 reflects the corrective tone without confirming fresh downside momentum. The 72.45–73.10 shelf has absorbed two tests this week and remains the structural pivot for the range.
Support: 73.10, 72.45
Resistance: 74.67, 75.06, 76.99
What it said to watch
H1 close below 73.10 opens the path to retest 72.45 week low
Reclaim of 74.67 session high would neutralise the lower-highs sequence
US payrolls release in the next session could materially shift this read
18:01 UTC
Downtrend off week high, attempting base · RSI 45 · price 73.953
Lower highs from 76.99 peak, basing above 72.45.
Silver rolled from the 76.99 week high into a 72.45 sweep, then attempted a recovery into 75.06 that failed yesterday during the NY session. Price is now consolidating in a 73.10–74.07 band with EMA20 capping every bounce and RSI hovering mid-40s — base-building below broken structure rather than reversal so far.
Support: 73.10, 72.45
Resistance: 74.07, 74.67, 75.06
What it said to watch
H1 close back above 74.67 spike high would challenge the lower-highs sequence
Loss of 73.10 swing low re-opens the 72.45 week low
NFP risk into Friday session could materially shift this read
Silver has trended lower since Tuesday's NY session peak near 76.99, carving a series of lower highs into Thursday's week low at 73.18. A sharp NY-session reclaim attempt tagged 75.06 before sellers rejected the move and dragged price back under 74.00, leaving the H1 structure heavy beneath the EMA20.
Support: 73.18, 72.61
Resistance: 74.67, 75.06, 76.99
What it said to watch
H1 close back above 74.67 session high would neutralise the lower-high sequence
Silver topped at 76.99 mid-week and has unwound aggressively, with the NY session yesterday breaking the 73.10 week low before a sharp rebound to 74.67 that has since faded. Price now sits back below the broken 75.06 prior support, EMA(20) and EMA(50) both capping overhead. RSI(14) is mid-40s after tagging oversold on the flush, leaving room either way.
Support: 73.10, 72.45
Resistance: 74.67, 75.06, 76.99
What it said to watch
H1 close back above 74.67 rebound high would neutralise the lower-high sequence
loss of 73.10 week low reopens the 72.45 swing low
Middle East headlines remain the dominant macro driver — gap risk into next session