21:02 UTC
Recovery from late-Feb crash, range developing · RSI 57 · price 80.343
Wide range 65-95 after Feb spike-and-collapse, near upper-mid.
Silver remains in a wide range between 65 and 95 carved out after the violent late-February spike to 121 and subsequent crash. Price has recovered from the Mar crash low of 65.49 and a secondary double bottom near 71.20, now sitting at 80.34 just above reclaimed EMA20/EMA50 with this week's high at 82.11. RSI at 57 reflects the constructive recovery without overbought stretch.
Support: 75.40, 71.20, 65.49
Resistance: 82.11, 89.00
What it said to watch
- Daily close above 82.11 this wk high opens path back to 89.00 Feb swing
- Loss of 75.40 range pivot reopens 71.20 Apr swing low
- Iran-US headline risk remains a wildcard for the metals complex