21:02 UTC
Uptrend resuming after mid-window pullback · RSI 62 · price 80.343
Higher low at 70.85 reclaimed, pressing prior swing high.
Silver carved a double bottom near 70.85 in late April and has rallied over 13% to retest the 82.11 range high, with USD weakness cited in the Friday move above $80. EMA20 has crossed back above EMA50 and price holds above both, while RSI at 62 leaves room before stretched. The window high at 83.03 caps the move; sustained acceptance above 82.11 would extend the impulse, while failure here keeps the 78.50 prior pivot in play.
Support: 78.50, 75.60, 70.85
Resistance: 82.11, 83.03
What it said to watch
- H4 close above 82.11 opens path to the 83.03 window high
- Rejection at 82.11 and loss of 78.50 prior pivot reopens 75.60 swing area
- US CPI print this week could materially shift the read