A parabolic blow-off to ~121.6 in late January reversed violently and price has mean-reverted to 62, now trading below both EMA20 and EMA50 — the 2025 uptrend has flipped into distribution and reversion. The latest weekly bar broke the 67.80 breakdown level and printed a fresh leg lower, with the 75.50 prior range zone now well overhead. Hot NFP and a sticky 4.2% CPI have shifted Fed pricing toward holding/hiking, structurally heavy for non-yielding silver.
Support: 60.00, 56.40
Resistance: 67.80, 75.50
What it said to watch
Break of 60.00 psych exposes the 56.40 swing low
Reclaim of the 67.80 breakdown level needed to neutralize the bearish read
PPI Thu Jun 11 and FOMC Jun 17 could materially shift this read
23:11 UTC
Reversal lower from blow-off top · RSI 37 · price 62.353
Parabolic top rolled over, breaking down.
Silver ran a parabolic advance from roughly $30 in Dec 2024 to a $121.6 blow-off top in late Jan 2026, then reversed violently and spent months distributing in a broad $65–$95 band. That base has now given way: price has broken below $70 and the W1 EMA(50), confirming the macro trend has flipped from up to down — the leg is being driven by a hot NFP and sticky 4.2% CPI feeding Fed-hike bets, structurally bearish for non-yielding metals. Price sits near the 61.8% retracement of the entire 2025 rally at ~$64, with the round $60 the next reference below.
Support: 60.00, 56.40
Resistance: 70.00, 79.93
What it said to watch
Weekly close below 60.00 psych opens deeper retracement toward the prior breakout near 56.40
Reclaim of 70.00 psych and the range floor near 79.93 needed to neutralize the breakdown
PPI Thu and FOMC Jun 17 could materially shift this read
23:03 UTC
Downtrend, sharp reversion off parabolic top · RSI 32 · price 63.311
Lower highs, lower lows since Jan peak.
Silver ran parabolically from ~$30 in late 2024 to a $121.63 blow-off peak in late January, then reversed violently — price now sits at $63.31, roughly half off the high. The regime has flipped from runaway trend to sharp reversion: price trades below EMA20 and EMA50, with successive lower highs marking the unwind, driven by a hot NFP and sticky 4.2% CPI repricing the Fed toward a hold/hike that pressures non-yielding metals. RSI(14) is approaching oversold near 32 but has not yet flagged exhaustion at this scale.
Support: 61.01, 60.00
Resistance: 67.80
What it said to watch
Loss of 61.01 exposes the 60.00 psych level
Reclaim of 67.80 needed to neutralize the reversion read
PPI Thu and FOMC Jun 17 could materially shift this read