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, accelerating · RSI 37 · price 68.039
Broke below multi-month range into 200dma.
Silver flipped from the multi-month 72–80 consolidation into a downtrend after Friday's blowout NFP, shedding roughly 6 points and printing a sharp range break that closed near the 200dma pivot at 67.79. Price sits well below both EMA20 (~75.30) and EMA50, with RSI at 37 confirming downside momentum but not yet oversold. The metal is now wedged against its 200-day average after a near-10% weekly slide.
Support: 67.79, 66.15, 61.01
Resistance: 73.90, 75.30
What it said to watch
- Daily close below 67.79 (200dma) reopens 66.15 swing low then the 61.01 feb low
- US CPI Wed 12:30 UTC is the dominant near-term catalyst for this read
- Reclaim of the 73.90 swing high would ease the downside pressure
21:05 UTC
Downtrend, accelerating · RSI 37 · price 68.039
Range break lower, fresh lows.
Silver shed roughly 10% on the week, collapsing out of the 72-80 consolidation that held from late March into May after Friday's blowout NFP (172K vs 85K) revived hawkish-Fed pricing. Price is parked on the 200-day pivot near 67.79 with EMA20 and EMA50 stacked overhead, confirming the lower-high, lower-low chain off the late-February 96 peak. A muted last-bar close (68.04) leaves the metal sitting on support into CPI risk.
Support: 67.79, 64.04, 61.01
Resistance: 73.90
What it said to watch
- US CPI Wed 12:30 UTC is the dominant near-term catalyst and could materially shift this read
- Daily close below the 200-day at 67.79 reopens 64.04 and 61.01 supports
- Reclaim of 73.90 broken support would challenge the downtrend structure