XAG/USD AI Live Scan, 1-hour chart, Wednesday, 8 July 2026
Every read JAFX AI made on the XAG/USD 1-hour chart that day, newest first: trend, structure, the levels it marked and what it said to watch.
23:03 UTC
Downtrend, selling pace easing at lows · RSI 42 · price 58.352
Lower highs, lower lows; basing high-58s after week low.
Silver extended a third-day slide, breaking down through the 60.00 handle in a single high-volume bar into the NY session to a week low at 57.21 as the collapse of the Iran truce lifted oil and the USD. Price has since based in the high-58s, holding below both EMAs with RSI(14) recovering off oversold near 42. The 58.96 session high has capped the bounce so far.
Support: 57.21
Resistance: 58.96, 60.00
What it said to watch
H1 close below 57.21 confirms a fresh lower-low, opening the path toward 56.61
Reclaim of the 60.00 psych level would neutralise the breakdown read
Initial Jobless Claims Thu 12:30 UTC could shift the USD-driven read
Silver has extended a third day of losses from the $63 area into 57.21, with the sharp break below $60 accelerating after Trump declared the Iran truce over, lifting oil, USD and inflation fears. Price now churns in the high-$58s, well below EMA20 and EMA50, having failed to reclaim the $60 handle. RSI(14) sits in the low-40s after a shallow bounce off the weekly low, momentum still tilted lower.
Support: 57.21, 56.61
Resistance: 60.00
What it said to watch
Loss of 57.21 weekly low opens the path toward 56.61
Reclaim of 60.00 psych level would challenge the downtrend structure
Initial Jobless Claims Thu 12:30 UTC could shift USD and this read
Oil / Strait of Hormuz headlines remain the direct driver
22:03 UTC
Downtrend, bouncing off lows · RSI 42 · price 58.27
Series of lower highs and lower lows; corrective bounce underway.
Silver extended a third-day slide from ~63 to a 57.21 low as the collapse of the Iran truce lifted oil, inflation expectations and the USD; the sharpest leg came in the London-NY window with the sub-60 breakdown. Price is now recovering into the high-58s but remains capped well below EMA(20) and EMA(50) with structure firmly lower-high, lower-low. RSI(14) has lifted off oversold to the low-40s as the bounce off 57.21 develops.
Support: 57.21, 56.61
Resistance: 58.96, 60.00
What it said to watch
Loss of 57.21 confirms a fresh lower-low and opens 56.61
Reclaim of 59.00 then 60.00 needed to challenge the bearish structure
US Initial Jobless Claims Thu 12:30 UTC could shift the USD read
Lower highs and lower lows, week-low support just reclaimed.
Silver has bled lower for a third day from the 63.25 high, with the sharp 60.61-to-58.38 slide during NY hours confirming the downside range break as Trump's Iran truce collapse lifted oil, inflation risk and the USD. Price sits below EMA(20) and EMA(50) throughout the window; an early spike toward 60.74 was rejected and faded. A shallow bounce off the 57.21 week low has stalled in the high-58s with RSI(14) recovering only to the low 40s.
Support: 57.21
Resistance: 60.00, 60.74
What it said to watch
Break below 57.21 week low opens the path toward the 56.61 area
Reclaim above 60.00 psych level would challenge the bearish structure
Initial Jobless Claims Thu 12:30 UTC could shift the USD-driven read
Silver has slid steadily since Monday's ~63.25 high, with the sharp leg down through mid-$59 channel support landing as Iran/Hormuz headlines revived Fed hike bets and firmer oil. Price trades below both EMA(20) and EMA(50) and printed a fresh 57.21 swing low before a shallow bounce back to 58.27; RSI has lifted off oversold but remains sub-45. The 59.00 psych level and session high near 58.96 cap the current recovery attempt.
Support: 57.21, 56.61
Resistance: 58.96, 59.00
What it said to watch
Loss of 57.21 swing low opens 56.61 next support
H1 close back above 59.00 psych would ease the downside pressure
US Jobless Claims Thu 12:30 UTC and CPI Jul 14 are the dominant catalysts for this read
Lower highs and lower lows, bouncing off week low.
Silver has bled from ~63.25 at Monday's open to a 57.21 week low, accelerating during Wednesday's NY session as the mid-59 channel support gave way on renewed Hormuz oil/inflation and Fed-hike angst. Price trades well below both EMA(20) and EMA(50) with RSI(14) climbing off oversold on the current bounce back to 58.27. The 58.74 session high and the broken 59.00 shelf cap the recovery attempt.
Support: 57.21, 56.61
Resistance: 58.74, 59.00
What it said to watch
Decisive H1 close below 57.21 opens 56.61
Reclaim of 59.00 needed to challenge the downtrend structure
Initial Jobless Claims Thu 12:30 UTC could shift the USD read
US CPI Jul 14 is the dominant catalyst for hike bets and this slide
20:03 UTC
Downtrend, sharp slide · RSI 41 · price 58.335
Lower highs and lows, stabilising above week low.
Silver has slid hard from ~$63.25 to a $57.21 week low, accelerating into the NY session yesterday as revived Fed-hike bets and Hormuz oil/inflation angst crushed the non-yielder — the decisive leg broke the mid-$59 channel support. Price now sits below both EMAs and is consolidating in a 57.80–58.75 band just above the week low, with RSI lifting off oversold. The $59.00 shelf that held through midweek is now the first overhead cap.
Support: 57.21, 56.61
Resistance: 58.75, 59.00
What it said to watch
Hourly close below 57.21 week low opens 56.61
Reclaim of 59.00 needed to ease downside pressure
Initial Jobless Claims Thu 12:30 UTC could shift the read; CPI Jul 14 is the dominant catalyst
Silver has shed nearly 5 points across three sessions from Monday's 63.25 high, with the sharp NY-hours drop from 60.60 to 58.16 breaking the mid-59 channel support as Hormuz-driven oil/inflation fears revived Fed hike bets. Since that flush price has based between 57.21 and 58.69, with RSI(14) lifting off oversold but capped near 42. Price sits well below both EMA20 and EMA50, and 59.00 — prior support — now stands as the first ceiling for any recovery.
Support: 57.21, 56.61
Resistance: 58.69, 59.00
What it said to watch
Break below 57.21 swing low opens 56.61
H1 close back above 59.00 reclaims prior support
Initial Jobless Claims Thu 12:30 UTC could shift the read
US CPI Jul 14 is the dominant catalyst for the downtrend
19:03 UTC
Downtrend, modest bounce late · RSI 39 · price 58.684
Lower highs and lower lows, channel support broken.
Silver has slid hard since Wednesday's NY session, breaking the mid-$59 channel support as revived Fed year-end hike bets and Hormuz-driven oil/inflation angst pressured the non-yielder. Price bottomed at 57.21 before a shallow bounce into the close, with RSI(14) recovering off oversold but price still pinned well below EMA(20) and EMA(50). Rallies remain capped under the broken 59.00 shelf.
Support: 57.208, 56.61
Resistance: 59.00
What it said to watch
H1 close below 57.21 exposes 56.61 as next support
Reclaim of 59.00 needed to ease the downside pressure
Initial Jobless Claims Thu 12:30 UTC could shift this read
Silver has been in a sharp slide since Wednesday, breaking mid-$59 channel support and accelerating lower after Iran/Hormuz headlines revived Fed hike bets — a $63.25 week high has unwound to a $57.21 low. Price sits below EMA20 and EMA50 with sellers capping every bounce; the last two bars have staged a modest recovery off $57.21 back toward the $59.00 psych level. That $59.00 zone is the first area to watch for rejection or reclaim.
Support: 57.208
Resistance: 59.00
What it said to watch
H1 close back above 59.00 challenges the lower-high sequence
Loss of 57.21 confirms continuation, exposing $56.61
Initial Jobless Claims Thu 12:30 UTC could shift this read
Hormuz / oil headlines the dominant near-term driver
Silver has slid every session this week, unwinding the post-NFP spike to ~63.25 as rebuilt Fed-hike pricing and the collapse of the Iran truce lifted oil and inflation fears. The decisive H1 breakdown through 59.00 during Tuesday's NY hours accelerated into the 57.21 week low before a shallow bounce to 58.21. Price trades well below EMA20 and EMA50 with RSI(14) cycling near 40, keeping the sequence of lower highs intact.
Support: 57.208, 56.61
Resistance: 59.00
What it said to watch
FOMC Minutes at 18:00 UTC could materially shift this read
A close below 57.21 confirms a fresh lower-low and opens 56.61
Reclaiming 59.00 would neutralise the breakdown structure
Silver has trended lower every session since Monday's ~63.25 open, and price sits deep below EMA20/EMA50 with RSI(14) pinned in the mid-30s. The dominant leg came in the NY session as XAG sheared through the 59 pivot to a 57.21 swing low after Trump declared the Iran truce finished, reviving oil/inflation fears; a shallow bounce back to the 58.20 area is capping so far. Structure stays clearly bearish while price holds under the 59 pivot and the 60.00 round number.
Support: 57.21, 56.61
Resistance: 60.00
What it said to watch
FOMC minutes (18:00 UTC) just crossing — a hawkish read risks a break of the 57.21 swing low toward 56.61
H1 close back above the 59 pivot would neutralise the downside momentum
Reclaim of 60.00 round number needed to challenge the week's lower-high structure
17:04 UTC
Downtrend, accelerating · RSI 29 · price 57.802
Lower highs and lower lows, break below $59.
Silver has extended a three-day slide off Monday's $63.25 peak, with the sharp $60.6-to-58.2 flush this session confirming a break of the $59.00 pivot after Iran-truce headlines lifted oil and revived Fed-hike bets. Price sits well below both EMA(20) and EMA(50) with RSI(14) pinned near oversold, and each session bounce has stalled at lower highs. Momentum is one-directional into the $57.21 session low.
Support: 57.208, 56.61
Resistance: 59.00
What it said to watch
FOMC minutes at 18:00 UTC (~1h) is the key near-term catalyst and could materially shift this read
Reclaiming the $59.00 pivot would ease the bearish break
Failure to hold $57.21 opens the path toward $56.61
17:04 UTC
Downtrend, accelerating · RSI 27 · price 57.802
Lower highs, lower lows; broke $59 pivot.
Silver has rolled over hard since Monday's 63.17 high, shedding ~9% into a three-day slide as reviving Fed-hike bets pressured the non-yielder. The break below the $59.00 pivot accelerated the decline through today's NY session, extending to a 57.21 low with RSI(14) pinned in oversold. Price sits well below EMA(20) and EMA(50), which have capped every bounce this week.
Support: 57.208, 56.61
Resistance: 59.00
What it said to watch
Reclaiming $59.00 would ease the bearish break
Failure to hold 57.21 opens the path to 56.61
FOMC minutes at 18:00 UTC (~1h) could materially shift this read
16:03 UTC
Downtrend, accelerating · RSI 29 · price 57.377
Lower highs and lower lows, fresh week low.
Silver has rolled over from Monday's $63.25 week high into a three-day slide, breaking the $59.00 pivot and printing a fresh week low at 57.21 during the NY session. The move accelerated after the $60.35 bounce failed, with a sharp 2.5-point range bar marking the break; price now sits well below EMA20/EMA50 with RSI(14) near oversold. Context ties the drop to revived Fed-hike pricing on Middle East oil-inflation fears.
Support: 57.21, 56.61
Resistance: 59.00, 60.35
What it said to watch
FOMC minutes at 18:00 UTC (~2h) is the key catalyst and could reset this read
Reclaiming 59.00 pivot would ease the bearish break
Lower highs and lower lows, broke below $59 pivot.
Silver has rolled over from Monday's $63.25 peak in a three-day slide, accelerating through the $59 weekly pivot on a heavy NY-session sell-off after the Iran truce collapse lifted oil and revived Fed hike bets. Price now sits at $57.38, printing fresh session lows with RSI(14) pinned in oversold territory and price extended well below EMA20 and EMA50. The break below $59 has flipped that level from support to overhead resistance.
Support: 57.208, 56.61
Resistance: 59.00
What it said to watch
FOMC Minutes at 18:00 UTC (~2h) is the key near-term catalyst and could materially shift this read
Hourly close back above 59.00 would ease the bearish break
Failure to hold 57.208 opens the path toward the 56.61 target
Silver has rolled over hard from Monday's $63.25 peak, shedding through the week and breaking the $59 pivot into the NY session as US-Iran escalation lifted oil and revived Fed hike bets. The $58.05 flush on the 497600 bar accelerated the decline and price now sits pinned near $57.80, below both EMA20 and EMA50 with RSI(14) in oversold territory. Recent low at 57.596 is the immediate structural marker; $59.00 caps any recovery.
Support: 57.596, 56.61
Resistance: 59.00
What it said to watch
FOMC Minutes at 18:00 UTC (~3h) could materially shift this read
Loss of 57.596 confirms continuation toward the 56.61 support
Reclaim of the $59.00 pivot eases the bearish break
15:03 UTC
Downtrend, accelerating · RSI 29 · price 57.813
Successive lower highs and lower lows.
Silver has slid every session since Monday's ~63.25 peak, shedding roughly 9% into 57.80 and printing consistent lower highs and lower lows well below EMA20 and EMA50. The break beneath the $59 pivot came on a single -2.5-point NY-session bar as US-Iran oil-inflation fears revived Fed hike bets. RSI(14) is oversold near 29 but not yet diverging, and the last bar is holding just above the 57.60 session low.
Support: 57.596, 56.61
Resistance: 59.00
What it said to watch
FOMC minutes 18:00 UTC (~3h) is the key near-term catalyst for this read
Failure to hold 57.596 opens the path to 56.61
An H1 reclaim of the 59.00 pivot would ease the bearish break
Silver has round-tripped the week's Monday-open near $62.75 back below the $60.00 psych pivot, capped by a chain of lower highs from the $63.25 high. The sharp NY-session flush to $58.05 broke through $60 and has since stalled into a tight $58.27–$59.00 consolidation with RSI(14) pinned in the mid-30s and price extended below EMA20/EMA50. The metal is holding just above session lows as traders sit sidelined ahead of the FOMC minutes.
Support: 58.27, 58.05
Resistance: 59.00, 60.00
What it said to watch
FOMC minutes at 18:00 GMT could materially shift this read
H1 close below 58.05 confirms a lower-low, opening the $56.61 area
Reclaim of 59.00 then 60.00 needed to challenge the descending lower-high sequence
14:03 UTC
Downtrend, extended after breakdown · RSI 37 · price 58.359
Lower highs, lower lows; consolidating at range floor.
Silver round-tripped from the $63.25 week high back through the $60 psych pivot, with a sharp NY-session flush yesterday driving a 2.5-point candle down to 58.05. Price is now churning in the mid-$58s below both EMAs, RSI depressed but off its low as buyers stepped in near 58.05. The metal is pinned ahead of today's FOMC minutes at 18:00 GMT after the soft NFP relief rally fully faded.
Support: 58.05, 57.00
Resistance: 60.00
What it said to watch
H1 close below 58.05 swing low exposes the $57.00 round number
Reclaim of the $60.00 psych pivot needed to neutralise the breakdown
FOMC minutes at 18:00 GMT could materially shift this read
13:04 UTC
Downtrend, fresh leg lower · RSI 37 · price 58.66
Range break below $59, consolidating in mid-$58s.
Silver broke the mid-$59.00s weekly low during London hours in a single sharp bar to 58.17, extending the descending channel that has capped the week from the $63.28 high. Price is now consolidating in the mid-$58s, holding well below EMA(20) and EMA(50) as USD firmed into the FOMC minutes. RSI(14) is pressing the low-$30s, reflecting the momentum of the drop rather than a base.
Support: 58.166, 58.05, 57.16
Resistance: 59.00
What it said to watch
FOMC minutes at 18:00 UTC is a high-impact catalyst that could reset this read
Failure to hold 58.05 exposes the 57.16 area
H1 close back above 59.00 psych level would neutralise the range break
Silver sold off sharply through the NY session, losing the $60.00 pivot and the mid-$59 weekly low in a single impulsive bar down to 58.05 before stabilising in the high 58s. Price sits well below both EMA20 (~60.35) and EMA50, with the descending sequence of lower highs off last week's $63.25 intact. The last few bars are consolidating just under the $59.00 round number as the market pauses into the FOMC minutes.
Support: 58.05, 57.00
Resistance: 59.00, 60.00, 60.35
What it said to watch
FOMC minutes 18:00 UTC — high-impact, can materially shift this read
Hourly close back above 59.00 would ease the breakdown; reclaim of 60.00 pivot needed to negate it
Loss of the 58.05 swing low exposes the 57.00 round number
Silver rolled over through the week, sliding from the $63.25 peak and breaking the $60 psych pivot in the last session on firmer USD. The drop into the 58.05 swing low was steep — a 2.5-point candle — and price is now basing in the high-$58s with RSI(14) lifting off oversold. Price sits well below both EMA20 and EMA50, keeping the descending structure intact.
Support: 58.05, 58.00, 56.61
What it said to watch
Recovery of the $60 psych pivot would ease the breakdown read
Loss of the 58.05 swing low and $58.00 round number exposes 56.61 channel base
FOMC Minutes at 18:00 UTC is the near catalyst and could shift this read
Silver has trended lower all week from the $63.25 peak, with a sharp break through the $60.00 pivot during London hours dropping price to 58.05 before stabilising in the high-58s. Price sits well below EMA(20) and EMA(50) with RSI(14) pinned in the low-30s after the impulse leg. The move ties to a firmer USD and yields, with June FOMC minutes at 18:00 UTC the near-term catalyst.
Support: 58.05, 56.61
Resistance: 60.00
What it said to watch
FOMC minutes at 18:00 UTC could materially shift this read
Loss of 58.05 swing low opens the path to 56.61
H1 close back above the 60.00 pivot would negate the breakdown
Silver broke down hard through $60 into the NY session, a single H1 bar sweeping from 60.60 to 58.17 as the USD firmed and the NFP-driven pop to $63 fully unwound. Price sits well below both EMAs with RSI(14) pressed into the low 30s; the $60.00 psych pivot now caps as prior support flips to resistance. Buyers stepped in around the 58.17 swing low but the descending sequence of lower highs since the week's peak remains intact.
Support: 58.17, 58.00
Resistance: 60.00, 60.60
What it said to watch
FOMC Minutes at 18:00 UTC is the near catalyst and could materially shift this read
Loss of 58.00 round confirms continuation of the lower-low sequence
H1 close back above 60.00 psych pivot would neutralise the breakdown
Silver rolled over hard through the NY session, a single H1 bar dumping from above $60.60 to $58.16 as the USD firmed and last week's soft-NFP bounce fully faded. Price is now pinned below the $60.00 pivot with RSI(14) around oversold and both EMAs well overhead, confirming the sub-$62 cap from earlier in the week has extended into a full breakdown. Consolidation is forming just above the $58.16 low into the June FOMC minutes.
Support: 58.16, 56.61
Resistance: 60.00
What it said to watch
FOMC Minutes at 18:00 UTC is the immediate catalyst and can materially shift this read
Loss of 58.16 swing low exposes 56.61 channel base
H1 close back above 60.00 pivot would neutralise the breakdown
Silver knifed through the $60.00 pivot into the NY session, dumping from ~60.60 to a 58.166 session low as the USD firmed — the NFP-driven pop toward $63 has now fully faded. Price sits pinned near the lows below both EMAs with RSI(14) in oversold territory. The $60 pivot that capped this week's correction now flips to overhead resistance.
Support: 58.166, 56.61
Resistance: 60.00
What it said to watch
H1 close back above $60.00 pivot would negate the break
Loss of 58.166 session low opens $56.61
FOMC Minutes 18:00 UTC could materially shift this read
Silver rolled over hard this week from the NFP-driven $63.25 peak, and the $60.00 psych pivot gave way in the London session with a near 2.5-point slide to 58.17. Price is well below EMA(20) and EMA(50) with RSI(14) pinned in oversold, and the 60.60 breakdown level now caps the tape. The June FOMC minutes at 18:00 UTC are the near catalyst into a stretched move.
Support: 58.166, 56.61
Resistance: 60.00, 60.60
What it said to watch
H1 close back above 60.00 psych pivot negates the breakdown read
Loss of 58.17 swing low exposes 56.61 channel support
FOMC minutes 18:00 UTC could materially shift this read
Silver failed at the $63.25 week high after the weekend gap and has ground steadily lower under a series of lower highs. The read broke down decisively in the last bar, a sharp NY-hours plunge through the $60 pivot to a 58.17 session low, leaving price well below both EMA(20) and EMA(50) with RSI(14) pushed toward oversold. The move fits the corrective-then-heavy tone as the year-end Fed hike premium reasserts ahead of the FOMC minutes.
Support: 58.166, 58.00, 56.61
Resistance: 60.00
What it said to watch
H1 close back above 60.00 would invalidate the range break
Sustained trade below 58.00 exposes the 56.61 next support
FOMC minutes at 18:00 UTC is the immediate catalyst and could reset this read
09:04 UTC
Downtrend, accelerating · RSI 27 · price 58.29
Lower highs, fresh lower low below $60.
Silver lost the $60.00 psych pivot in an aggressive NY-hours slide, dropping from ~60.6 to a 58.16 session low before closing 58.29 — a clean break of this week's mid-$59/$60 consolidation floor. The move extends a downtrend that has stamped lower highs since the 63.25 week high, with RSI(14) pressing into oversold and price now well below both EMA(20) and EMA(50). Corrective bids linked to Hormuz safe-haven flows have stalled; this leg is positioning-driven into the FOMC minutes.
Support: 58.16, 56.61
Resistance: 60.00, 63.25
What it said to watch
FOMC minutes 18:00 UTC is the immediate catalyst and could materially shift this read
H1 close back above 60.00 psych pivot would neutralise the breakdown
Failure to hold 58.16 session low exposes the 56.61 context tgt
Lower highs within descending channel, bounce off weekly low.
Silver has drifted lower for a third session inside a descending channel, the NFP-driven spike to 63.25 fully retraced as markets re-priced Fed-hike odds. Price defended the 59.44 swing low and bounced to 60.97 before stalling under the 61.00 round level, holding below EMA20 and EMA50. RSI(14) near 47 tracks the muted recovery without reclaiming momentum.
Support: 59.44, 59.00
Resistance: 61.00, 61.65
What it said to watch
H1 close below 59.00 channel low reinforces the bear leg toward 56.61
Reclaim of 61.65 prior high needed to break the lower-highs sequence
FOMC minutes at 18:00 UTC could materially shift this read
Silver has trended lower all week from Monday's 63.28 spike, sliding a third straight session into the mid-59s where demand stepped in near 59.44. Price is now recovering back toward 60.80 but remains inside the descending channel and below both EMAs, with RSI cycling around 43. The NFP-driven pop has been fully retraced as USD stayed firm on hawkish Fed-hike pricing.
Support: 59.44
Resistance: 61.85, 63.28
What it said to watch
FOMC minutes 18:00 UTC could materially shift this read
H1 close below 59.44 confirms a lower-low and reopens the channel base
Reclaim of 61.85 channel top would break the sequence of lower highs
Silver rolled over from Tuesday's ~63.17 peak, shedding roughly 6% into Wednesday's 59.44 low as a firmer USD and Hormuz-driven safe-haven bid weighed. Price has since stabilised in a 60-61 band, reclaiming EMA(20) but capped below EMA(50), with RSI(14) hovering near 50. Descending lower highs off the week high remain intact.
Support: 59.44, 59.00
Resistance: 62.00, 63.28
What it said to watch
H1 close below 59.44 exposes 59.00 psych then lower
Reclaim of 62.00 needed to challenge week high 63.28
FOMC minutes 18:00 UTC could materially shift this read
06:03 UTC
Downtrend, bounce underway · RSI 52 · price 60.84
Lower highs since week high, holding above 59.44.
Silver has been carving lower highs since Monday's push to 63.25, with a near-3% roll-over Tuesday into 59.44 as Hormuz tensions bid the dollar and oil. The last two sessions found demand at 59.44 and the recovery to 60.84 is now stalling into the 38.2% retrace of the week's decline, with RSI(14) reclaiming the 50 line. Descending trendline resistance off the week high still caps the picture below 61.37.
Support: 59.44, 56.61
Resistance: 61.37, 62.00, 63.25
What it said to watch
H1 close above 61.37 breaks the descending trendline and opens 62.00
Failure to hold 59.44 confirms a lower-low and exposes 56.61
FOMC Minutes 18:00 UTC could materially shift this read
Silver rolled over from Monday's ~63.25 peak into a 59.44 low as Strait of Hormuz risk lifted oil and the dollar, printing lower highs across the week. Price has since recovered to 60.84, reclaiming EMA20 but still capped under EMA50 with RSI cycling back near 50. Demand stepped in twice around 59.4-59.6, marking a double-bottom base into the NY session.
Support: 59.44, 59.00
Resistance: 61.37, 62.35
What it said to watch
H1 close below 59.00 exposes 56.61
Reclaim of 61.37 needed to challenge the 62.35 prior high
FOMC Minutes 18:00 UTC could materially shift this read
Lower highs since Monday, recovery attempt from swing low.
Silver has bled lower all week from Monday's gap-up rejection near 63.17, printing successive lower highs and losing roughly 3% into Tuesday's session as Hormuz-driven risk-off and firmer yields pressured metals. Price found demand at 59.44 and has since clawed back to 60.41, but sits below both EMA(20) and EMA(50) with RSI(14) recovering only to the mid-40s. The 60.90 prior-support shelf and the descending lower-highs line are the immediate caps on this bounce.
Support: 59.44, 59.00
Resistance: 60.90
What it said to watch
FOMC minutes at 18:00 UTC today is the near catalyst and could materially shift this read
H1 close above 60.90 challenges the descending lower-highs line
Failure to hold 59.44 exposes the 59.00 psych level
Silver rolled over from Tuesday's 62.35 area and shed nearly 3% into the 59.44 week low as risk-off and firmer yields pressured metals. Price has since clawed back to 60.41 but sits below both EMA(20) and EMA(50) with RSI(14) recovering from oversold toward the mid-40s. The 61.00 prior-support shelf now caps, while 60.00 is the immediate pivot.
Support: 60.00, 59.44, 59.00
Resistance: 61.00, 62.35
What it said to watch
H1 close above 61.00 challenges the lower-high sequence
Break of 59.44 week low exposes 59.00 then lower
FOMC minutes at 18:00 UTC could materially shift this read
Silver has unwound its early-week surge to the 63.25 high, printing a second down day as firmer US yields and pre-FOMC-minutes caution pressured precious metals. Price is trading below EMA20 and EMA50 after a sequence of lower highs, but demand stepped in near 59.44 and lifted the metal back toward 60.30. RSI(14) sits mid-range around 44, reflecting a stalled rather than accelerating decline.
Support: 60.00, 59.44
Resistance: 61.00
What it said to watch
FOMC minutes today 18:00 UTC is the primary catalyst and could materially shift this read
H1 close below 60.00 confirms continuation toward the 59.44 swing low
Reclaim of 61.00 pivot would break the lower-highs sequence
Silver has been in a corrective downtrend since Monday's gap-up peaked at 63.25, printing lower highs into the 59.44 swing low where buyers stepped in during Asia hours. Price is now testing the 60.00 round number from below after that bounce, with RSI recovering off oversold. The last push was capped at the 60.74 session high, keeping the week's lower-high sequence intact.
Support: 60.00, 59.44
Resistance: 60.74, 61.00
What it said to watch
H1 close above 61.00 pivot would break the week's lower-high sequence
Failure to hold 60.00 round number reopens the 59.44 swing low
FOMC minutes at 18:00 UTC could materially shift this read
Silver has been carving lower highs since Monday's 63.25 peak, a corrective slide that accelerated through the NY session yesterday into a 59.43 week low as yields firmed pre-FOMC minutes. Buyers stepped in twice around the 60.00 psych level and price has clawed back to 60.19, but it sits below EMA20 (~60.55) with RSI(14) mid-40s. Momentum remains capped under the 61.00 pivot.
Support: 60.00, 59.43
Resistance: 60.55, 61.00
What it said to watch
FOMC minutes today 18:00 UTC is the primary catalyst and could materially shift this read
H1 close above 61.00 pivot would break the lower-high sequence
Failure to hold 60.00 psych exposes the 59.43 week low
Silver has bled lower all week from the 63.25 high, extending Tuesday's ~2% drop as firmer US yields and pre-FOMC-minutes caution pressured metals. Yesterday's dip swept 59.44 before buyers recovered price back to 60.19, but it remains capped under EMA20/EMA50 with RSI(14) cycling in the low 40s. The 60.30 shelf, prior support turned resistance, is the immediate cap while 60.00 holds beneath.
Support: 60.00, 59.44
Resistance: 60.30, 61.00
What it said to watch
FOMC Minutes today 18:00 UTC is the primary catalyst and can reset this read
Clean H1 close below 60.00 reopens the 59.44 swing low
Reclaiming 60.30 then 61.00 would break the week's lower-high sequence
02:03 UTC
Downtrend, second down day · RSI 39 · price 59.935
Lower highs, testing session low.
Silver extended a second down day, sliding from Monday's 62.88 high toward a 59.44 session low as firmer US yields weighed on metals ahead of today's FOMC minutes. Price sits below both EMA(20) and EMA(50) with RSI(14) sub-40, and the bounce off 59.44 has stalled under the 60.00 pivot. Lower highs have capped every attempt since Monday, keeping the descending channel intact.
Support: 59.44, 59.00
Resistance: 60.30
What it said to watch
H1 close back above 60.30 would ease the downside pressure
Failure to hold 59.44 exposes the 59.00 psych level
FOMC minutes 18:00 UTC is the primary catalyst that could reset this read
02:03 UTC
Downtrend, second down day · RSI 41 · price 59.935
Lower highs and lower lows since Monday.
Silver has trended lower all week from the 63.28 area into the low-60s, with a second down day pressing through 60.30 and probing session lows near 59.44 as firmer US yields and pre-FOMC-minutes caution weighed on metals. Price is holding below both EMA20 and EMA50, and the late bounce back toward 60.00 is retesting the broken 60.30 support-turned-resistance. RSI(14) sits in the low-40s, consistent with the corrective structure but not yet stretched into oversold.
Support: 59.435, 59.00
Resistance: 60.30, 61.00
What it said to watch
H1 close back above 60.30 would neutralise the retest and open 61.00
Clean break of 59.44 confirms a fresh lower-low toward 59.00
FOMC Minutes today 18:00 UTC could materially shift this read
01:04 UTC
Downtrend, correcting off week high · RSI 41 · price 60.152
Lower highs since 63.25, holding above 59.44.
Silver has spent two sessions correcting off the week's 63.25 high, pressured by firmer US yields and pre-FOMC-minutes caution. Price trades below EMA20 and EMA50 with a clean sequence of lower highs; the 59.44 session low was swept and reclaimed back above 60.00. RSI(14) sits mid-40s, softened but not stretched.
Support: 60.00, 59.435, 56.61
Resistance: 61.00, 63.25
What it said to watch
FOMC minutes Wed 18:00 UTC is the primary catalyst that could reshape this read
H1 close below 59.44 confirms a lower-low and exposes 56.61
Reclaim of 61.00 needed to challenge the descending lower-high line
01:04 UTC
Downtrend, corrective off week high · RSI 44 · price 60.152
Lower highs since Monday, sweep low then bounce.
Silver has been in a corrective slide since Monday's 63.25 week high, a second down day as firmer US yields and pre-FOMC-minutes caution pressured the metal. Price broke the 60.30 shelf into a sweep of 59.44 before recovering to 60.15, but it remains capped below the EMA20 near 60.90 with RSI sub-50. The 60.00 psych level is the pivot into the next session.
Support: 60.00, 59.44
Resistance: 60.90, 61.00
What it said to watch
FOMC Minutes Wed 18:00 UTC is the primary catalyst that could reset this read
Clean H1 close below 60.00 psych exposes the 59.44 sweep low and lower
Reclaim of the 61.00 pivot would neutralise the lower-high sequence
Silver has trended lower since Monday's $63.25 peak, with the correction accelerating through the NY session as a firmer USD and ebbing geopolitical premium offset the post-NFP relief rally. Price has broken the 60.00 round number and sits below both EMA20 and EMA50, with RSI(14) pressed into oversold territory. The 59.435 swing low is the last support standing between price and the 59.04 week low.
Support: 59.435, 59.04
Resistance: 60.00, 60.90
What it said to watch
H1 close below 59.435 confirms a fresh lower-low, exposing 59.04
Reclaim of 60.00 needed to ease downside pressure toward 60.90
FOMC Minutes Wed 18:00 UTC is a high-impact catalyst that could shift this read
Silver opened the week near 62.75 Monday and has ground lower session after session, giving back the post-NFP rebound as a firmer USD and fading US-Iran risk premium weighed. Price broke the $60.00 pivot into the Asia session, closing at 59.622 below both EMAs with RSI(14) pressed into the low 30s. The $60.30/$60.00 breakdown zone now caps, with 59.435 the last swing low tested.
Support: 59.435
Resistance: 60.00
What it said to watch
H1 close back above 60.00 would neutralise the breakdown read
Loss of 59.435 confirms a fresh lower low, exposing the $56.61 area flagged in context
FOMC Minutes Wed 18:00 UTC could materially shift this read