Silver is in a clean downtrend, rolling over from the $71 area through a sequence of lower highs and lower lows, and this week's slide from ~$63 back under $59 has kept price pinned below both EMA20 and EMA50. The prior $59.00 support has flipped to resistance after the breakdown, with sellers pressing toward the $57.21 swing low as revived year-end Fed hike bets weigh on the non-yielder. ATR remains elevated, consistent with an expanding, trending move rather than compression.
Support: 57.208, 56.534, 55.00
Resistance: 59.00, 60.00
What it said to watch
Decisive H4 close below 57.21 then 56.53 opens the path to the 55.00 psych level
Reclaim of 59.00 would neutralise the breakdown and expose 60.00
US CPI on Jul 14 could materially shift the rate-hike narrative driving this read
Initial Jobless Claims Thu could inject near-term volatility
Silver is in a clean downtrend, printing lower highs and lower lows through a 3-day slide from ~63.25 to 58.33 and breaking the 60.00 psych level. The move tracks revived Fed year-end hike bets on Hormuz oil/inflation fears, a headwind for the non-yielder, with price sitting well below both EMAs and ATR(14) expanding as the trend runs. Buyers stepped in at 57.21 on the last bar but the recovery is shallow.
Support: 57.208, 56.61, 55.63
Resistance: 59.00, 60.00
What it said to watch
Close below 57.21 swing low opens 56.61 then 55.63
Reclaim of 59.00 prior support needed to ease downside pressure
US CPI Jul 14 and Jobless Claims Thu could materially shift this read
Silver has rolled over hard, unwinding the post-NFP spike toward $63.25 into a three-day slide as US-Iran oil-inflation fears revived Fed hike bets. Price broke the $59.00 pivot decisively and prints fresh lows near 57.21, holding below both EMAs with lower highs stacking along the recent impulse leg. Structure stays firmly bearish while capped under the $59.00 pivot.
Support: 57.21, 56.53, 55.00
Resistance: 59.00
What it said to watch
FOMC minutes at 18:00 UTC (~3h) is the key near-term catalyst and could shift this read
H4 close back above the 59.00 pivot would ease the bearish break
Failure to hold the 56.53 prior low opens the path toward 55.00
Silver remains in a clear downtrend, rolling over from the early-month $71 peak and now breaking the $59 pivot to print $57.21. The post-NFP rally toward $63 has fully unwound as reviving Fed-hike bets pressure the non-yielder, with price stacked below both EMA20 and EMA50 and RSI in oversold territory. Structure stays defined by lower highs since the $63.25 swing.
Support: 56.61, 55.00
Resistance: 59.00
What it said to watch
FOMC minutes at 18:00 UTC (~3h) could materially shift this read
Reclaim of $59.00 pivot would ease the bearish break
Failure to hold $56.61 opens the path toward $55.00
13:05 UTC
Downtrend, lower highs · RSI 40 · price 58.658
Rolling over below 63.25, pressing mid-59 weekly low.
Silver failed at the 63.25 weekly high and has printed a sequence of lower highs, sliding back below the 60.00 pivot as it re-tests the mid-59 weekly-low zone. Price sits under both EMA20 and EMA50 with a descending-channel structure intact; the last leg from 61.01 down to 58.05 reflects renewed pressure into FOMC minutes. ATR remains elevated, keeping swings wide within the broader $59-63 range.
Support: 58.05, 56.61, 55.00
Resistance: 60.00, 61.45, 63.25
What it said to watch
FOMC minutes 18:00 UTC (HIGH) can materially shift this read
H4 close below 56.61 confirms a lower-low and exposes 55.00
Reclaim of 60.00 pivot and a close above 61.45 negates the channel-down read
Silver failed at the $63.28 weekly high and has rolled back over, printing lower highs within a descending channel and losing the $60.00 pivot on the latest leg. The break of the mid-$59s put the $58.05 swing-low area back in play, with price now trading below both EMA20 and EMA50 as ATR(14) expands. Selling followed the fade of last week's weak-NFP bounce.
Support: 58.05, 56.61
Resistance: 60.00, 61.45, 63.28
What it said to watch
H4 close below 58.05 exposes the 56.61 weekly low
Reclaim of the 60.00 pivot needed to re-challenge the 61.45 channel top
FOMC minutes 18:00 UTC could materially shift this read
The mid-June slide from $71.5 to $56.5 remains the dominant swing, and the subsequent recovery has stalled into a $59.4-$62.5 consolidation below the descending $64-65 trendline. Last week's soft-NFP rally toward $63 has been fully retraced back to the $60 psych pivot, with price holding a shade above EMA50 but capped under EMA20. ATR near 930 pips shows the range still carries volatility rather than compressing.
Support: 60.00, 59.44, 56.61
Resistance: 61.50, 62.50
What it said to watch
FOMC minutes at 18:00 UTC could materially shift this read
H4 close below 60.00 then 59.44 confirms a lower-low and exposes 56.61
Reclaim of the 61.50 res shelf would open the path back to 62.50
Recovered off 55.61 low, now rolling back toward 60 pivot.
Structure stays downward-biased below the $64-65 descending trendline after the slide from 71.54 to the 55.61 low. Price recovered to 62.80 but has since stalled and is drifting back toward the 60.00 pivot, having lost EMA20 while EMA50 sits just below. Soft NFP fuelled the bounce but persistent year-end Fed hike pricing has capped it as markets consolidate into the FOMC minutes.
Support: 60.00, 59.00, 56.61
Resistance: 61.50, 62.80
What it said to watch
FOMC minutes 18:00 UTC could materially shift this read
H4 close below 60.00 exposes 59.00 then the 56.61 swing low
Reclaim of the 61.50 resistance shelf reopens 62.80
Failure to hold 59.00 confirms a lower-low
05:04 UTC
Downtrend, lower highs · RSI 43 · price 60.289
Rolling over below 62.65 after bounce faded.
Structure stays bearish since the roll-over from the 71.5 high; the recovery off the 56.53 low stalled below 62.65 and price is carving lower highs back toward the range floor. ATR(14) near 940 pips reflects an active but easing swing, with the descending lower-high line capping each attempt and price now pinned below both EMAs around 60.30. FOMC minutes at 18:00 UTC are the near-term catalyst for this read.
Support: 59.00, 56.53
Resistance: 62.65
What it said to watch
H4 close below 59.00 exposes the 56.53 range low
Reclaim of 62.65 needed to challenge the 64-65 trendline and change the bearish read
FOMC minutes at 18:00 UTC today could materially shift this structure
05:04 UTC
Downtrend, consolidating off lows · RSI 43 · price 60.289
Lower highs since the 71.5 peak, basing in a 60-62 range.
Silver crashed from the 71.5 swing high to 56.53 before a 3% relief bounce, but the recovery stalled below the $64-65 descending trendline and price has faded back into a 60-62 consolidation. Structure stays bearish with rolling lower highs, and industrial/risk-off tone plus firmer USD are keeping the bounce capped. Price now sits just under EMA20 with the range top at 62.65 the near-term ceiling.
Support: 59.44, 56.53
Resistance: 62.65
What it said to watch
H4 close above 62.65 range top, then the 64-65 trendline, would neutralise the bearish read
Loss of 59.44 swing low exposes the 56.53 cycle low
FOMC minutes 18:00 UTC is the immediate catalyst and could shift this read
Silver's four-day, NFP-driven rebound peaked at 63.25 last week and has since rolled over into a two-day correction, now slipping back under the 60.00/60.30 support shelf to 59.60. The move sits below both EMA20 and EMA50, with the broader structure still downwardly biased after the mid-window collapse to the 56.61 area. Price has retraced roughly half of the 56.53→63.25 bounce.
Support: 56.61, 55.63
Resistance: 60.30, 61.00, 63.25
What it said to watch
Sustained trade below 60.30 keeps the breakdown intact and exposes 56.61 then 55.63
Reclaim of 61.00 would put the rebound high at 63.25 back in view
FOMC minutes Wed 18:00 UTC is the primary catalyst and could reset this read
Silver's four-day, NFP-driven rebound stalled at the 63.25 week high and price has rolled back over, printing lower highs and now slipping below the 60.00/60.30 support that had held the recovery. The move fits the broader downtrend that carried the metal from 70 to 56.53 earlier in the window, with the bounce failing to reclaim prior structure. A close under 60 puts the 58.02 swing low back in focus ahead of Wednesday's FOMC minutes.
Support: 58.02, 56.53
Resistance: 60.30, 61.00, 63.25
What it said to watch
Sustained H4 close back above 60.30 would re-open the 61.00 pivot and 63.25 week high
Failure to hold 58.02 confirms continuation toward the 56.53 june low
FOMC minutes Wed 18:00 UTC is the primary catalyst and could reset this read