H4 remains in a bearish channel of lower highs and lower lows since the early-month break, but price has clawed off the 57.22 weekly low back to the 60.00 round number after a softer USD sparked the Thursday bounce. The recovery is testing EMA20 from below while EMA50 caps overhead near 60.30, keeping the rebound corrective rather than structural. ATR is still elevated, so swings stay wide either side of the 58-60 battleground.
Support: 58.05, 57.22, 55.63
Resistance: 60.00, 61.45
What it said to watch
US CPI Tue Jul 14 12:30 UTC is the dominant catalyst and could reset this read
Sustained close above 60.00 and the 61.45 pivot would break the run of lower highs
Failure to hold 58.05 reopens the 57.22 weekly low; a clean break exposes 55.63
Multi-week downtrend intact — a descending channel of lower highs/lows that has dragged silver ~16% off its highs. The current leg is a shallow relief bounce off the 58 zone toward the 60.00 round number, fuelled by a softer USD after less-hawkish FOMC minutes, but each push into the channel top keeps failing below the 61.45 pivot. Price sits mid-way in the retrace of the drop from 62.44 to the 57.22 weekly low.
Support: 57.22
Resistance: 60.00, 61.45
What it said to watch
H4 close above 61.45 pivot would break the descending channel top
Failure to hold the 57.22 weekly low opens 55.63
US CPI Tue Jul 14 12:30 UTC is the dominant catalyst that could reset this read
Downtrend intact with a chain of lower highs since the drop from the 70 handle; the recent leg carved a 57.22 Wed low before a corrective bounce back toward $60 on a softer USD and Iran de-escalation. Price is stalling under the 60.75 recent high with EMA20/50 capping overhead, and ATR has compressed off the mid-June expansion. Rallies are struggling against the descending channel top around 64-65.
Support: 57.22, 55.63, 54.39
Resistance: 60.75, 62.40
What it said to watch
H4 close above 62.40 prior high needed to challenge the 64-65 channel top
Loss of 57.22 wed low exposes 55.63 then 54.39
US CPI Jul 14 12:30 UTC is the dominant catalyst and could shift this read
The multi-day picture stays lower-high, lower-low: silver fell from the 63.25 swing high to a 56.53 base before a USD/yield-driven corrective bounce lifted it back toward the 60.61 recent high. That level capped the move and price has since faded to 59.41, holding above the 58.05 range base while EMA20 and EMA50 cap overhead. ATR is holding a healthy regime as price coils between the 57.22 pivot low and the descending lower-highs.
Support: 58.05, 57.22, 56.53
Resistance: 60.61, 62.44, 63.25
What it said to watch
Loss of 57.22 pivot low confirms lower-low, exposes 56.53 swing low then 55.63
H4 close above 60.61 recent high challenges the descending lower-highs and 62.44 prior high
US CPI Jul 14 12:30 UTC is the dominant catalyst and could reset this read
Silver remains in an entrenched H4 downtrend — successive lower highs from 63.25 and a $57.22 base — but has staged a corrective bounce to $60 on softer USD/yields following the split FOMC minutes. Price is retracing roughly 50% of the last impulse leg and stalling into the $60.75 swing-high band, with the EMA50 capping overhead. ATR near 950 pips shows the recent volatility is only now easing after the sharp mid-window slide.
Support: 59.00, 57.22, 55.63
Resistance: 60.75, 64.50
What it said to watch
H4 close below 59.00 hinge re-opens the 57.22 pivot and 55.63 swing low
Reclaim of 60.75 swing high would extend the corrective bounce toward the 64.50 channel top
US CPI Tue Jul 14 12:30 UTC is the dominant catalyst and could reset this read
Silver remains in a multi-week downtrend below its key SMAs, but a corrective bounce off the 57.22 swing low has carried price back to ~$60 on a softer USD and easing yields. The recovery stalled at 60.75 and price closed off the high, keeping the lower-high sequence intact; a double-bottom base near 57.2-56.5 has held twice. ATR is elevated, reflecting the recent expansion in daily range.
Support: 59.00, 57.22, 56.53
Resistance: 60.75
What it said to watch
H4 close below 59.00 re-opens the 57.22 / 56.53 swing lows
Reclaim of 60.75 needed to extend the corrective bounce toward the 62-63 lower-high line
US CPI Tue Jul 14 12:30 UTC is the dominant catalyst and could reset this read
Lower highs/lows since $63; bounce off $57.21 reclaiming $60.
Silver remains in a descending H4 structure of lower highs and lower lows off the $63.25 top, but the drop to $57.21 has been met by a corrective bounce that has reclaimed the $60 pivot. Price is back above EMA20 while EMA50 caps just overhead, keeping the rebound inside the broader downtrend. The soft-USD tone behind the move fades into next week's US CPI (Jul 14).
Support: 59.00, 57.21, 56.61
Resistance: 62.24, 63.25
What it said to watch
H4 close above 62.24 swing high would break the lower-high sequence
Failure to hold the 59.00 pivot re-exposes 57.21 then 56.61
Silver stays in a downtrend after shedding >$3 to the 57.21 low, carving lower highs since the 63.25 swing. Price has clawed back to the $60 pivot on a soft-USD bounce but is stalling into descending channel resistance around 60.75. ATR near 1035 pips reflects a volatile week of energy-driven inflation and Fed repricing.
Support: 59.00, 57.21, 56.61
Resistance: 60.75, 63.25
What it said to watch
H4 close above 60.75 opens the mid-62s and the descending trendline
Failure to hold the 59.00 pivot exposes 57.21 then 56.61
Structure remains a clear lower-high/lower-low downtrend since the early-month top near 63.25, with the sell-off bottoming around the 57.21 range low. Price is now in a corrective bounce back above the 59.00 pivot, helped by a softer USD after the split/hawkish FOMC minutes, but it is still capped beneath the descending channel cap and the 61.45 area. ATR remains elevated, so the rebound is unfolding inside a still-volatile bearish structure.
Support: 59.00, 58.05, 57.21
Resistance: 60.61, 61.45
What it said to watch
Rejection at 60.61 swing high / 61.45 channel cap would keep the corrective read intact
Failure to hold the 59.00 pivot reopens 58.05 and the 57.21 range low
US CPI on Jul 14 12:30 UTC is the key catalyst and could materially shift this read
Lower highs / lower lows, rebounding off the trough.
Silver remains in a clear H4 downtrend after a >$3 slide from the 63.25 area to a 57.22 trough, driven by renewed Gulf tensions and hawkish FOMC minutes lifting USD/yields. Price has clawed back above the $59 pivot in a corrective bounce, now pressing the 60.60 swing high with ATR still elevated, signalling an expansion regime. The lower-high/lower-low sequence stays intact while price holds below the descending channel cap near 61.45.
Support: 58.05, 57.22, 56.61
Resistance: 60.60, 61.45
What it said to watch
H4 close above 61.45 channel cap would break the lower-high sequence
Failure to hold 58.05 swing low reopens the 57.22 trough and 56.61 support
US CPI Jul 14 12:30 UTC is the key catalyst that could reshape this read