Silver collapsed more than $3 this week from the 63.25 area to a 57.22 trough before a soft USD post-FOMC-minutes bounce lifted it back above the 59.00 pivot and up to a 60.61 bounce high. That advance has stalled, with the last several bars drifting to 59.94 just above EMA20/EMA50 — the recovery reads corrective against an intact lower-high/lower-low sequence. The 61.45 channel cap remains untested and capped rallies all week.
Support: 59.00, 58.19, 57.22
Resistance: 60.61, 61.45
What it said to watch
Failure to hold the 59.00 pivot reopens 58.19 and the 57.22 week low
A close above the 60.61 bounce high would put the 61.45 channel cap in play
US CPI on Jul 14 12:30 UTC is the dominant catalyst and could reset this read
Silver bounced hard off Wednesday's 57.22 week low, tagging 60.50 into the NY session as the USD softened after the split FOMC minutes. Price has since stalled and drifted back to the 59.90 area, holding above EMA20 with RSI cycling in the upper half — a relief bounce within an intact weekly downtrend. The 59.00 pivot underpins, while 60.50 has capped the latest push.
Support: 59.00, 58.30, 57.22
Resistance: 60.50, 61.45
What it said to watch
H1 close back below 59.00 pivot reopens 58.30 and the 57.22 week low
Reclaim of 60.50 puts the 61.45 channel cap in play
US CPI (Jul 14) is the dominant catalyst and could reset this read
Silver collapsed more than $3 this week from the $63 area to a $57.22 trough before staging a recovery bounce back above $59, helped by a softer USD after the split FOMC minutes. Price reclaimed EMA(20) and tagged 60.61 into the NY session yesterday, but has since faded to 59.95 with RSI(14) rolling back toward the mid-50s. The 59.00 pivot is the near-term hinge — the broader lower-high/lower-low sequence remains intact.
Support: 59.00, 57.22
Resistance: 60.61, 61.45
What it said to watch
Hold above 59.00 pivot keeps the bounce alive; loss reopens 57.22 weekly low
H1 close above 60.61 swing high targets the 61.45 range cap
US CPI Jul 14 12:30 UTC is the key catalyst and could reset this read
Silver collapsed more than $3 across the week to a 57.22 trough, then bounced hard through the NY session to reclaim the $59 pivot as the USD softened post-FOMC minutes. The recovery stalled near 60.61 and price has since slipped back below 60, keeping the broader lower-high/lower-low sequence intact. Price sits just above EMA20/50 with RSI(14) cycling back toward the mid-50s.
Support: 59.00, 57.22
Resistance: 60.61, 61.45
What it said to watch
Hold above 59.00 pivot keeps the bounce alive; failure reopens 57.22 week low
Reclaim of 61.45 channel cap needed to challenge the downtrend
US CPI Jul 14 12:30 UTC is the key catalyst and could reset this read
Lower highs, lower lows; near-term recovery off week low.
Silver is working a corrective bounce off Wednesday's $57.22 low, aided by a softer USD after the split FOMC minutes, but the push stalled near $60.60 into late NY and price has since slipped back to $59.95. It holds above the $59.00 pivot and EMA(20), yet the week's structure — a >$3 drop from the $63 area — remains a clean lower-high, lower-low sequence. Rejection at $60.60 keeps the rebound looking corrective rather than structural.
Support: 59.00, 57.22
Resistance: 60.60, 61.45
What it said to watch
H1 close below the 59.00 pivot reopens the 57.22 week low
Reclaim of 61.45 needed to challenge the descending channel cap
US CPI on Jul 14 is the key catalyst that could shift this read
Silver collapsed from ~63.25 to a 57.22 trough this week, shedding more than $3 as Middle East escalation and hawkish FOMC minutes fired up USD and yields. Since Wednesday's low a corrective bounce has reclaimed the $59.00 pivot but stalled twice below 60.60, with RSI(14) recovering to mid-range and price only marginally above a flattening EMA(20). The sequence of lower highs from the week's top remains intact.
Support: 59.00, 57.22
Resistance: 60.60, 61.45
What it said to watch
H1 close above 60.60 needed to challenge the 61.45 channel cap
Failure to hold the 59.00 pivot reopens 57.22
US CPI Jul 14 12:30 UTC is the key catalyst for USD and silver
20:03 UTC
Corrective bounce within downtrend · RSI 50 · price 59.873
Recovery off 57.22 low capped at 60.61, now pulling back.
Silver rallied ~1.5% off the 57.22 week low through the NY session but stalled at 60.61 and is rolling over into the current pullback. Price is holding just above EMA(20) with RSI back near the midline; the broader tone stays heavy after the >$3 weekly slide driven by hawkish-Fed repricing. The 59.00 pivot is the line that keeps this bounce alive.
Support: 59.00, 57.22
Resistance: 60.61, 61.45
What it said to watch
H1 close below 59.00 pivot re-exposes the 57.22 week low
Break above 60.61 bounce high opens the path toward 61.45
US CPI Jul 14 12:30 UTC is the key catalyst that could reset this read
Silver is riding a corrective bounce off the 57.22 week low after shedding over $3 through the week, helped by a softer USD following divided FOMC minutes. The recovery stalled near the 60.61 week high — two attempts rejected there before price eased back to 59.87. RSI(14) cycling around 52 and price holding above EMA(20) frames this as relief within an intact bearish structure.
Support: 59.00, 57.22
Resistance: 60.61, 61.45
What it said to watch
Hold above the 59.00 pivot keeps the bounce alive; a close below re-exposes 57.22
Close above the 60.61 week high opens the path to 61.45
US CPI Tue Jul 14 12:30 UTC is the key catalyst that could shift this read
19:03 UTC
Down week, corrective bounce · RSI 56 · price 60.032
Recovery off 57.20 low, stalling near 60.60.
Silver slid from the ~63 area to a 57.20 week low mid-week as Iran/oil-driven Fed-hike bets pressured non-yielders, then staged a corrective bounce through the NY session, reclaiming EMA(20) and stalling near 60.60. Price now consolidates around 60.00, roughly the 50% retrace of the week's decline, with RSI cycling in the 50s. The recovery reads as corrective within the broader down week rather than a structural turn.
Support: 59.00, 57.208
Resistance: 60.60, 61.45
What it said to watch
Close back below 59.00 pivot re-exposes the 57.22 week low
Break above 60.60 opens the 61.45 resistance
US CPI Tue Jul 14 12:30 UTC could materially shift this read
Recovery off week low into consolidation near 60.00.
Silver crashed from the low-62s to a 57.22 week low mid-week on Iran-driven Fed-hike fears, then staged a corrective recovery to 60.60 through the NY session. Price is now consolidating just above the 59.00 pivot with RSI(14) cooling back near 58 as the 60.60 recovery high caps the topside. The bounce is holding above EMA20/EMA50 but sits inside a broader downtrend.
Support: 59.00, 57.22
Resistance: 60.605, 61.45
What it said to watch
H1 close below the 59.00 pivot re-exposes the 57.22 week low
Break above 60.60 recovery high opens the path to 61.45
US CPI Tue Jul 14 could materially shift this read
Silver bled from ~63 toward the 57.22 week low before a sharp recovery leg lifted it back above the 59.00 pivot and through EMA(20)/EMA(50) as the USD eased after the FOMC minutes. The advance stalled into the NY session with three bars capped at 60.60; price now sits around the 50% retrace of the week's decline. This is corrective within a broader bearish week, not a confirmed trend flip.
Support: 59.00, 57.22
Resistance: 60.60, 61.45
What it said to watch
H1 close above 60.60 opens the path toward 61.45
Failure to hold 59.00 re-exposes the 57.22 week low
US CPI Tue Jul 14 12:30 UTC is the key catalyst that could shift this read
Silver shed over $5 across the week from the 63.25 peak to a 57.21 low as oil-driven USD strength battered the metal, then staged a corrective bounce that reclaimed the 59.00 pivot and pushed into the NY session near 60.61. RSI(14) has recovered above 60 and price sits back above both EMAs, but the rebound is unfolding inside an intact bearish weekly structure. Momentum stalled at the 60.61 session high after the sharp run off the lows.
Support: 59.00, 57.80, 57.22
Resistance: 60.61, 61.45
What it said to watch
Hourly close above 61.45 would extend the corrective recovery
Failure to hold the 59.00 pivot re-exposes 57.80 then the 57.22 week low
US CPI Tue 12:30 UTC is the dominant catalyst and could reset this read
Silver slid from the ~63.25 weekly high to a 57.22 low mid-week on oil-driven USD strength, then based and rallied back above the 59.00 pivot as the dollar eased following the FOMC minutes. Price has since built a run of higher lows and reclaimed EMA20 and EMA50, tagging 60.60 into the NY session; RSI(14) has cycled up to the mid-60s, confirming the corrective leg. The broader structure this week remains lower highs — the bounce is stalling just under the 61.45 overhead.
Support: 59.00, 57.22
Resistance: 60.60, 61.45
What it said to watch
H1 close above 61.45 extends the corrective bounce
Failure to hold the 59.00 pivot re-exposes the 57.22 weekly low
US CPI Jul 14 is the dominant catalyst that could reset this read
Silver bled from ~63.25 to a 57.22 week low before staging a corrective rebound above the 59.00 pivot into the NY session, tracking a softer dollar after the FOMC minutes. Price now sits near the 50% retrace of this week's drop with RSI(14) recovering into the low 60s and holding above the H1 EMA(20). The move is a relief bounce within an intact downtrend; overhead at 61.45 remains the cap.
Support: 59.00, 57.22
Resistance: 61.45
What it said to watch
H1 close above 61.45 would challenge the bearish read
Failure to hold the 59.00 pivot re-exposes the 57.22 week low
US CPI Tue 12:30 UTC is the dominant catalyst for this pair
Silver collapsed from Monday's ~63.25 to Wednesday's $57.21 week low, then mounted a corrective bounce over the last day, reclaiming the $59.00 pivot and pressing into $60 as the USD softened after the hawkish FOMC minutes were faded. Price is back above both EMAs but RSI(14) is stretched near 71 into the $60.50 session high. The broader H1 sequence stays lower-high/lower-low despite the rebound.
Support: 59.00, 57.21
Resistance: 60.50
What it said to watch
Holding above the $59.00 pivot keeps the corrective bounce alive; failure re-exposes $57.21 week low
Rejection at the $60.50 session high would cap the recovery
US CPI (Tue) is the dominant catalyst that could reset this read
Silver has clawed back above the 60.00 psych level into the NY session after basing twice around Wednesday's 57.22 week low, a recovery helped by the softer USD following the FOMC minutes. Price is now retracing roughly half of this week's 62-to-57 collapse and sits above both H1 EMAs with RSI cycling up into the low-60s. The 59.00 pivot held on the last pullback, but the session high at 60.50 has yet to give way.
Support: 60.00, 59.00, 57.22
Resistance: 60.50, 61.00
What it said to watch
Close above 60.50 session high opens the path to 61.00
Failure to hold 59.00 pivot re-exposes the 57.22 week low
US CPI (Tue Jul 14, 12:30 UTC) is the dominant catalyst and could reset this read
Silver has staged a sharp recovery from Wednesday's 57.22 week low, breaking out of the 58.30-58.50 consolidation and pushing back above the 59.00 pivot and the 60.00 psych level as the USD softened post-FOMC minutes. Price now sits at roughly the 50% retrace of the week's 63.25-57.22 drop, with the session high at 60.46 the immediate cap. RSI(14) has cycled from oversold to the mid-60s, but the broader H1 sequence of lower-highs remains intact.
Support: 60.00, 59.00, 57.22
Resistance: 60.46, 61.37
What it said to watch
Sustained close above 60.46 session high opens the path toward 61.37 prior high
Failure to hold the 59.00 pivot re-exposes the 57.22 week low
US CPI (Tue Jul 14, 12:30 UTC) is the key catalyst that could reset this read
Silver collapsed from ~63.25 early week to a 57.22 low before recovering, with the bounce accelerating into the NY session as the USD (DXY sub-101) softened after the hawkish FOMC minutes. Price has reclaimed the 59.00 pivot and pushed through 60.00, now sitting above EMA20 with RSI(14) around 64; the near-term recovery is running into 60.46. The broader week structure stays a lower-high/lower-low sequence, so 60.00–60.46 is the zone where this week's rally is being tested.
Support: 59.00, 57.22
Resistance: 60.46, 61.00, 61.37
What it said to watch
H1 close back below 59.00 re-exposes the 57.22 week low
60.46/61.00 area to watch for rejection or break toward 61.37
US CPI Tue 14 Jul could materially shift this read
Week-long lower-highs/lower-lows, recovering off 57.20 base.
Silver spent three sessions since Monday's open collapsing from the 63.25 week high to a 57.21 low, as an oil-driven inflation scare reinforced hawkish-Fed pricing and firmed the dollar. Today's softer-DXY bounce has reclaimed 60.37, breaking the 59.20 consolidation and lifting RSI(14) back above 60 after it carved a higher low against price at the base. Price is now back above EMA20 and pressing EMA50, with the 60.90 prior-high shelf the first cap.
Support: 59.20, 57.21
Resistance: 60.90, 61.37
What it said to watch
H1 close above 61.37 challenges the week's descending lower-highs
Failure to hold 59.20 reopens the 57.21 week low
US CPI Jul 14 12:30 GMT is the dominant catalyst and can reset this read
Week-long lower-lows, basing near 57.2 then recovering.
Silver collapsed from Monday's 62.7 open to a 57.2 low across three heavy sessions as renewed US-Iran tensions lifted oil and reinforced higher-for-longer Fed pricing. Today's softer DXY drove a sharp NY-session recovery back above 60, with RSI(14) that carved a higher low into the 57.2 base while price made a lower low. The 60.6-60.8 pre-crash zone — where the prior selloff began — is the immediate area to watch overhead.
Support: 59.20, 58.30, 57.21
Resistance: 60.80, 61.37
What it said to watch
Close above 60.80 pre-crash zone opens the path to the 61.37 swing high
Failure to hold 59.20 prior range reasserts the week's downtrend
US CPI (Jul 14, 12:30 GMT) is the dominant catalyst and could reshape this read
Loss of 58.30 session low re-exposes the 57.21 week low
13:04 UTC
Downtrend, bouncing · RSI 62 · price 59.49
Sub-58 double bottom, recovery into $59.
Brutal week: silver gave back most of the prior rally, sliding from ~63.17 to a 57.21 week low on Iran-driven oil/inflation fears and hawkish Fed repricing. A double bottom near 57.2-57.4 has since propelled a recovery back to the 59 pivot, helped by a softer USD, with price reclaiming EMA(20) but still capped under EMA(50). Momentum has turned as RSI(14) diverged bullish off the lows and now cycles the low-60s.
Support: 57.21
Resistance: 59.65, 60.00
What it said to watch
H1 close back below 58.00 reopens the 57.21 week low
Break above 59.65 session high opens 60.00 round number
US Jobless Claims + Williams speech today could shift near-term USD direction
US CPI on Jul 14 is the dominant catalyst for this read
Week-long lower-highs, rebounding off mid-57s low.
Silver spent the week grinding lower from the 63.25 high to a 57.21 low, capped by a sharp two-and-a-half dollar flush during Wednesday's session on Iran-driven oil/inflation fears. Price has since reclaimed EMA20 and rebounded to the 59.49 pivot, stalling right at the 38.2% retracement of the 63.25–57.21 leg as a softer USD lends support. RSI(14) has recovered off oversold toward 59, but price remains below EMA50 and under the descending lower-high line.
Support: 58.71, 57.21
Resistance: 59.65, 60.74
What it said to watch
H1 close above 59.65 session high extends the bounce toward the 60.74 prior high
Failure to hold 58.71 reopens the 57.21 week low
Fed's Williams (13:00 UTC) and jobless claims can shift USD direction near-term
US CPI on Jul 14 is the dominant catalyst for this read
Silver crashed from ~$63.25 to $57.20 through midweek as Iran-driven oil and hawkish-Fed repricing hit the non-yielding metal, then staged a corrective bounce to $59 on a softer USD. Price now sits back above EMA(20) but below EMA(50), with RSI(14) recovered off oversold to mid-range. The $59.46 session high has capped the last leg while $58.05 has held as a base.
Support: 58.05, 57.208, 56.61
Resistance: 59.46, 60.00, 61.45
What it said to watch
H1 close below 58.05 confirms a lower low, exposing 57.20 then 56.61
Reclaim above 60.00 would extend the bounce toward 61.45
Initial Jobless Claims today and US CPI Jul 14 could materially shift this read
Silver was knocked ~8% lower off last Friday's 63.28 high, capitulating through 58.05 into a 57.21 week low as Iran-driven oil and hawkish-Fed repricing dominated. A softer USD has since fuelled a corrective bounce back to the 59.00 pivot, with RSI(14) recovering to ~61 and price reclaiming EMA(20). The 59.46 session high has capped the recovery so far, while EMA(50) overhead keeps the broader down structure intact.
Support: 58.05, 57.21
Resistance: 59.46, 60.00, 61.45
What it said to watch
H1 close above 60.00 opens the path back toward 61.45
Silver stayed in a downtrend all week, collapsing from ~63 with a sharp leg into the 57.21 swing low as USD firmed on hawkish FOMC minutes and Iran-driven inflation fears. Price has since staged a corrective bounce through the NY sessions back toward EMA20, tagging 59.46 before easing to 58.86. RSI(14) has recovered off oversold to mid-range, and the move is retracing roughly half of the 60.67-57.21 drop.
Support: 57.21, 56.61
Resistance: 59.46
What it said to watch
H1 close above 59.46 would extend the corrective bounce and break the lower-high sequence
Loss of 57.21 confirms a fresh lower-low toward 56.61
US jobless claims 12:30 GMT and Fed's Williams 13:00 GMT could materially shift this read
Silver remains in a clear H1 downtrend, having collapsed from the ~63 area toward a 57.21 week low as USD strength and Iran-driven inflation fears capped the metal. The bounce off that low into the 59.46 area is corrective — price reclaimed EMA20 but stalled below EMA50 and the latest bars show rejection back toward 58.85. RSI has recovered from oversold to a neutral ~49, easing the downside stretch without confirming a trend change.
Support: 58.05, 57.21, 56.61
Resistance: 59.46, 60.00
What it said to watch
H1 close above 59.46 would extend the corrective bounce toward 60.00
Failure to hold 58.05 reopens the 57.21 week low and 56.61 below
US Initial Jobless Claims 12:30 GMT and Fed's Williams 13:00 GMT could shift this read via USD
Lower highs, lower lows; relief rally off week low.
Silver stays in a lower-high, lower-low downtrend this week, sliding from the ~63.17 area after Monday's gap to a 57.21 week low as USD firmed on the hawkish FOMC minutes and Iran-driven inflation fears. The last day has produced a corrective bounce back above EMA(20) to a 59.46 session high, but price sits below EMA(50) and the descending channel resistance. RSI(14) has cycled up off oversold, consistent with a relief move within the broader decline.
Support: 57.80, 57.21, 56.61
Resistance: 59.46, 60.05
What it said to watch
Failure to hold above 59.00 keeps the corrective read and reopens 57.80 swing low
H1 close above 60.05 round number and channel resistance would challenge the downtrend structure
Break of 57.21 week low exposes 56.61 support
Initial Jobless Claims 12:30 GMT and Williams 13:00 GMT could shift this read
Silver remains in a clear H1 downtrend after the multi-day slide from 63.25 to a 57.21 low, but has staged a corrective bounce off oversold back to 59.13, now sitting near the 38.2% retrace of that leg. The move fits the macro read: hawkish FOMC minutes and Iran-driven USD strength capped the metal, while stretched downside momentum allowed this relief leg. Price has reclaimed EMA20 but stays below EMA50, keeping the recovery corrective within a descending channel.
Support: 58.00, 57.21
Resistance: 59.46
What it said to watch
H1 close below 58.00 resumes the lower-low sequence toward 57.21
Silver was crushed ~7% this week from the ~63.25 peak to a 57.21 low as Iran/oil-driven inflation fears revived Fed hike bets and firmed the USD. Price has since bounced through the 58.1–58.6 consolidation and reclaimed the 58.00 pivot, trading back above EMA(20) at ~59.12 into today's session, though EMA(50) still caps overhead. The recovery held a higher low above 57.21 after the momentum divergence at the base.
Support: 58.00, 57.21
Resistance: 59.46, 60.00
What it said to watch
Initial Jobless Claims 12:30 UTC and Williams 13:00 UTC could materially shift this read
Loss of 58.00 pivot re-exposes the 57.21 swing low
H1 close above 59.46 session high opens the path toward 60.00
Silver was crushed ~7% this week from the $63 area toward sub-58 as Iran/oil inflation fears and a firm USD drove safe-haven flow away from metals. Since carving a double bottom around 57.21 the pair has recovered, reclaiming the 58.00 pivot and pushing into 59.1, with RSI(14) turning up off oversold as the last lows showed bullish divergence. Price sits above EMA(20) but the broader H1 sequence of lower highs from Monday remains intact below EMA(50).
Support: 58.00, 57.21
Resistance: 59.46, 60.00
What it said to watch
Sustained H1 close back below 58.00 pivot re-exposes the 57.21 week low
59.46 session high and 60.00 psych are the first upside hurdles capping the bounce
Jobless Claims 12:30 UTC and Fed's Williams 13:00 UTC could materially shift this read
Silver has bled lower all week from ~$63, with the sharp Wednesday flush from ~$60.6 to the 57.21 swing low coming as renewed Iran headlines bid the USD. Since that low, price has clawed back through the mid-$58s into the current NY session and reclaimed EMA(20), with RSI(14) lifting off oversold to the mid-40s. The 60.00 round level and descending lower-high line still cap the recovery, keeping the broader down-structure intact.
Support: 58.44, 57.21, 56.61
Resistance: 60.00, 61.45
What it said to watch
H1 close above 60.00 opens the path toward 61.45 and challenges the lower-high line
Failure to hold 58.44 exposes 57.21, then the 56.61 pivot
US Jobless Claims 12:30 UTC + Williams 13:00 UTC could shift the USD read and this bounce
Silver has been in a clean lower-high/lower-low slide since Monday's ~63 open, capped by Wednesday's ~2.5% collapse to the 57.21 week low as Iran-driven USD/inflation fears bid the dollar. Price is now staging a relief bounce off oversold, reclaiming EMA20 and pressing back above 59.00 into the NY session with RSI(14) recovering toward neutral. The 60.00 round number sits as the first overhead area to watch after the descending-channel lows held.
Support: 58.05, 57.21
Resistance: 60.00
What it said to watch
H1 close back above 60.00 challenges the channel-top and lower-high sequence
Failure to hold 58.05 re-exposes the 57.21 week low
US Jobless Claims 12:30 UTC + Williams 13:00 UTC could shift this read
Silver has been in a three-day slide from near $63, capped by a descending channel of lower highs; Wednesday's ~2.5% collapse from $61 to $58.4 came as Trump's Iran-truce rhetoric fed a USD safe-haven bid, extending to a $57.21 week low. Price has since based and clawed back above EMA(20) to $59.03, with RSI(14) lifting off oversold and a modest bullish divergence into that low. EMA(50) overhead around $60 still frames the broader down-leg.
Support: 57.60, 57.21
Resistance: 60.00
What it said to watch
H1 close back above 60.00 round number needed to challenge the channel top
Failure to hold 57.60 swing low confirms continuation of the lower-low sequence
US Jobless Claims 12:30 UTC + Williams 13:00 UTC could shift the USD-driven read
Silver has been in a clean lower-high/lower-low slide since Monday's ~63 open, capped by three straight down-days as Iran-driven oil and USD strength weighed on metals; Wednesday's sharp drop from ~60.6 into the 58s marked the standout session. Price has since based around the 57.21 swing low and is retracing higher into 59, reclaiming the H1 EMA(20) with RSI lifting off oversold. The 60.00 area is the first meaningful test of whether this is more than a counter-trend bounce.
Support: 57.208, 56.61
Resistance: 60.00
What it said to watch
H1 close above 60.00 challenges the descending lower-high structure
Break below 57.21 extends the lower-low sequence toward the 56.61 pivot
Initial Jobless Claims 12:30 UTC could shift the USD-metals read
Sharp decline into consolidation above session lows.
Silver has bled from ~$61 to the $57.20 area over the last two sessions as Trump's renewed Iran threats lifted oil and revived Fed-hike bets, firming the USD. Price is now consolidating $57.60–$58.76 after the drop, holding just above EMA(20) with RSI(14) recovering off oversold. The $60.00 pivot remains the reclaim level; below it structure stays lower.
Support: 57.60, 57.21, 56.61
Resistance: 60.00
What it said to watch
H1 close above 60.00 would flip the bearish read toward a reversal
Break below 57.21 swing low exposes 56.61 next support
US Jobless Claims 12:30 UTC / Fed's Williams 13:00 UTC could move USD and this read
Lower highs, lower lows; tight consolidation after impulsive drop.
Silver has bled lower all week from Monday's ~63.25 peak, with the decisive leg an impulsive break toward 58.4 during Wednesday's NY session as Trump's 'Iran deal is over' rhetoric drove a firmer USD and safe-haven flows out of metals. Price is now consolidating in a 57.2–58.7 band through the Asian session, holding below both EMA(20) and EMA(50). RSI(14) sits sub-40, off oversold but with no bullish divergence to mark a base yet.
Support: 57.208, 56.61
Resistance: 58.687
What it said to watch
H1 close below 57.208 confirms a lower low and opens the 56.61 pivot
Reclaim above 58.687 needed to challenge the lower-high structure
US Initial Jobless Claims 12:30 UTC (f/c 218K) could shift USD and this read
05:04 UTC
Downtrend, momentum sellers in control · RSI 43 · price 58.012
Series of lower-highs and lower-lows.
Silver has bled lower all week from Monday's ~63.25 peak, with Wednesday's session delivering a sharp break through 60 toward 57.21 as risk-off flows, a firmer USD and Iran-driven safe-haven demand hit precious metals after the hawkish FOMC minutes. Price is pinned well below EMA(20) and EMA(50) with RSI(14) cycling in the low 40s, and the bounce off 57.21 has so far stalled below the 58.74 session high. Structure remains lower-highs/lower-lows with supply capping every attempt back into the 59–60 zone.
Support: 57.21, 56.61
Resistance: 58.74, 59.00
What it said to watch
H1 close below 57.21 opens the path toward the 56.61 pivot
Reclaim of 58.74 then 59.00 would challenge the lower-high sequence
Initial Jobless Claims 12:30 UTC (f/c 218K) could shift USD and this read
04:03 UTC
Downtrend, momentum sellers in control · RSI 38 · price 57.86
Lower highs, lower lows since Monday.
Silver has bled lower all week, peaking near 63.25 Monday and unwinding into the 57.80s as a firmer USD and Iran-driven risk-off dominated; the sharp NY-session breakdown through 60 accelerated the move. Price sits below EMA(20) and EMA(50) with RSI(14) parked in the high-30s, and rebounds toward 58.4-58.6 have been sold. The 57.21 swing low is the immediate structural floor.
Support: 57.21, 56.61
What it said to watch
H1 close below 57.21 opens the path toward the 56.61 pivot
Reclaim of 59 needed to challenge the week's lower-high sequence
Initial Jobless Claims 12:30 UTC (f/c 218K) a near-term USD cue
Silver has bled lower all week, unwinding the rally that peaked near 63.17 Monday and accelerating through a sharp NY-session leg down to 57.21 as risk-off flows and a firmer USD dominated after Trump declared the Iran truce over. Price now sits below both EMAs with RSI(14) sub-35, consolidating in a tight 57.21–58.69 band after the flush. The 58.69 bounce high has capped the last recovery attempt.
Support: 57.21, 56.61
Resistance: 58.69
What it said to watch
H1 close below 57.21 opens the path toward the 56.61 pivot
Reclaim of 58.69 would ease the immediate downside pressure
US Jobless Claims today 12:30 UTC could shift USD and this read
Silver has bled lower for a third straight session, sliding from the $63.25 post-NFP high toward $57.90 as the Iran-truce blow-up lifted USD, yields and oil-led inflation bets. Price sits below both EMA(20) and EMA(50) with RSI(14) hugging the mid-30s; the $59.00 level that capped this week's structure has given way and now sits overhead. Recent Asia-hours bars consolidated near 58.3–58.6 before the latest leg down probed the 57.60 area.
Support: 57.596, 57.208
Resistance: 59.00
What it said to watch
Loss of 57.596 confirms continuation toward the 57.208 week low
H1 close back above 59.000 needed to challenge the downtrend read
Initial Jobless Claims 12:30 UTC + Fed's Williams 13:00 UTC could shift this read
Silver has slid for a third session from ~$63, rolling over after a brief pop above $60.35 into the FOMC minutes as Trump's Iran truce blow-up lifted the USD, oil and Fed hike bets. Price sits below both EMAs with RSI(14) pinned in the high-30s; the $60 reclaim hurdle remains distant while recent bars stall between $57.20 and $58.65. The move stabilised near $58.30-58.50 through Asia before drifting back under $58.
Support: 57.208, 56.61
Resistance: 58.65, 59.00
What it said to watch
H1 close below 57.20 confirms a lower-low and exposes 56.61
Reclaim of 59.00 needed to challenge the descending highs
Initial Jobless Claims 12:30 UTC and Fed's Williams 13:00 UTC could shift this read
Silver extended a three-day slide from the $63.25 high, breaking through $60 into the NY session as renewed US-Iran escalation lifted the dollar and revived Fed hike bets. Price is now basing in a tight 57.80–58.75 range well below both EMAs, with RSI(14) lifting off oversold as the sell-off pauses. The 59.00 reclaim level and the session high at 58.75 cap the corrective bounce.
Support: 57.80, 57.21
Resistance: 58.75, 59.00
What it said to watch
H1 close above 59.00 would challenge the downtrend read
Loss of 57.21 confirms a fresh lower-low toward 56.61
Initial Jobless Claims 12:30 UTC and Williams 13:00 UTC could shift this read
Silver extended a third-day slide, the sharp leg from 60.60 down to 57.21 coming as Trump declared the Iran truce 'finished', lifting USD and oil-led inflation bets. Price has since carved a tight 58.1–58.6 band well below EMA20 and EMA50, with RSI(14) basing near 40 after the flush. The descending lower-high sequence off 63.25 remains intact.
Support: 57.80, 57.21, 56.61
Resistance: 59.00
What it said to watch
H1 close below 57.80 confirms a lower-low, exposing 57.21 then 56.61
Reclaim of 59.00 needed to challenge the descending lower-high line
Initial Jobless Claims 12:30 UTC and Fed's Williams 13:00 UTC could shift this read
Silver extended a third day of losses, sliding from this week's 63.25 high and breaking the 60.00 round number in the NY session as a firmer USD and oil-led inflation angst revived Fed hike bets. Price capitulated through prior support into a 57.21 swing low before stabilising in a tight 58.05–58.68 band, with RSI(14) basing in the high-30s. Price trades well below EMA20 and EMA50; the reclaim hurdle at 59.00 remains untested from below.
Support: 57.21, 56.61
Resistance: 59.00, 60.00
What it said to watch
H1 close below 57.21 swing low exposes 56.61 next support
Reclaim of 59.00 needed to challenge the 60.00 round number
Initial Jobless Claims 12:30 UTC and Williams 13:00 UTC could shift this read
Silver extended a third-day slide from the 63.25 week high, with the sharp break through 60.00 and 59.00 during the NY session driving price to a 57.21 low as a firmer USD and oil-led hike bets weighed. Since then the metal has stabilised into a tight 58.30–58.55 consolidation through the Asia session, holding above the 58.166 swing low but capped well below the 59.00 reclaim level. RSI(14) sits sub-40 and price trades under both EMA(20) and EMA(50), keeping the bearish structure intact.
Support: 58.166, 57.208, 56.61
Resistance: 59.00, 60.00
What it said to watch
H1 close above 59.00 would challenge the lower-high sequence and open 60.00
Break of 57.21 week low exposes 56.61
Initial Jobless Claims 12:30 UTC and Williams could shift USD and this read
Lower highs and lower lows, consolidating post-flush.
Silver has slid for a third straight day from Monday's 63.25 peak toward the high-57s, the move accelerating through the NY session as Trump's Iran truce collapse lifted oil, inflation risk and the USD. Price broke the mid-59s channel and printed a 57.21 low before stabilising into the high-58s, where the last few bars have coiled below both EMAs with RSI recovering off the low-30s.
Support: 57.21, 56.61
Resistance: 60.00
What it said to watch
H1 close below 57.21 confirms continuation, opening 56.61
Reclaim of 60.00 would neutralise the breakdown read
Initial Jobless Claims Thu 12:30 UTC could shift USD/oil driver
Lower highs and lower lows, consolidating post-slide.
Silver extended a three-day slide from ~63.25 to a 57.21 low as the collapse of the Iran truce lifted oil, inflation expectations and the USD. Price has since carved a tight high-58s consolidation, holding well below EMA(20) and EMA(50) with RSI recovering off oversold but capped under 45. The 57.21 weekly low held on the first test and the 58.74 session high has capped the bounce.
Support: 57.21, 56.61
Resistance: 58.74, 59.00
What it said to watch
H1 close above 59.00 would challenge the descending lower-high structure
Break below 57.21 opens the path to the 56.61 target
US Initial Jobless Claims Thu 12:30 UTC could shift USD and this read