Silver's Thursday bounce off 57.2 stalled into the $60 psych level, which has been sold on every approach this week, and price is now grinding lower highs below EMA(20) with RSI(14) hovering near 47. The consolidation sits between the 59.28 swing low and $60, with the broader hawkish-Fed/energy-inflation tone still capping rallies. Momentum has flattened through the Asia-into-London handover with no clean break either side.
Support: 59.28
Resistance: 60.00, 60.75
What it said to watch
Sustained H1 close above 60.00 needed to challenge the week high at 60.75
Break below the 59.28 swing low reopens downside toward the 57.22 pivot
US CPI Tue 12:30 UTC is the next real catalyst and could materially shift this read
20:03 UTC
Downtrend, stabilising near 59.50 · RSI 48 · price 59.783
Bounce off 57.20 capped below 60.00.
Silver shed more than $3 this week, sliding from ~$62 toward sub-$58 on renewed Hormuz-driven inflation fears before Thursday's rebound off 57.20 recovered to 60.75. That recovery has since stalled: 60.00 has capped price and this week's bounce has faded back to 59.78, coiling on EMA20 with RSI(14) mid-range near 47. The lower-high/lower-low structure off the $62 top remains intact.
Support: 59.36, 57.22
Resistance: 60.00, 60.75
What it said to watch
US CPI Tue Jul 14 12:30 UTC is the next real catalyst for this read
Sustained H1 close above 60.00 needed to challenge the descending structure
Silver spent the week grinding lower from Monday's 62.3 area to a 57.22 low midweek, then staged a USD-softness rebound that stalled at the 60.75 bounce high and the 60.00 round number. Price has since slipped back to 59.54, sitting below EMA(20) but holding EMA(50) after two failed attempts to reclaim 60.00. RSI(14) near 43 reflects the corrective pullback within the broader down leg.
Support: 59.28, 57.22
Resistance: 60.00, 60.46, 60.75
What it said to watch
H1 close below 59.28 swing low reopens the path toward the 57.22 weekly low
Reclaim and hold above 60.00 round number needed to revive the bounce toward 60.46
US CPI Tue Jul 14 12:30 UTC is the dominant catalyst and could reset this read
19:04 UTC
Downtrend, bounce fading · RSI 44 · price 59.542
Recovery rolling over below EMA20.
Silver dropped from ~62 to a 57.22 low midweek before Thursday's USD-driven bounce reclaimed 60, but that recovery has stalled — price is back at 59.54, capped repeatedly near the 60.00 round level and now trading below EMA20. RSI(14) sits in the mid-40s as the metal makes lower highs into the NY-Asia transition, keeping the broader bearish channel intact.
Support: 59.28, 58.85, 57.22
Resistance: 60.00, 60.75
What it said to watch
Failure to hold 59.28 opens a retest toward 58.85 and the 57.22 weekly low
H1 close back above 60.00 would reset the bounce toward 60.75
US CPI Tue Jul 14 12:30 UTC is the dominant catalyst and could reset this read
Lower highs; Thursday bounce rolling over below EMA20.
Silver based at the 57.22 weekly low midweek and rebounded toward 60.46 into the NY session, but that push has stalled and price is now slipping back under EMA20 near 59.55 on a softer USD that only bought shallow relief. The $60.00 round level capped the bounce and RSI(14) has cooled back toward the mid-40s, keeping the broader lower-high sequence intact.
Support: 59.27, 58.85, 57.22
Resistance: 60.00, 60.46, 61.45
What it said to watch
Hourly close above 60.00 would reopen the 60.46 day high and 61.45 pivot
Failure to hold 59.27 exposes 58.85 then the 57.22 weekly low
US CPI Tue Jul 14 12:30 UTC is the dominant catalyst and could reset this read
Silver rebounded off Wednesday's $57.22 low back toward $60 on a softer USD as US-Iran de-escalation trimmed the oil-inflation premium, but the recovery has stalled: the $60.75 session high capped and price is now sliding back under EMA20 toward $59.55. The broader H1 structure remains a downtrend of lower highs, and this week's bounce reads as corrective rather than a base. RSI(14) has cooled back to the mid-40s after failing near 60.
Support: 59.27, 57.22
Resistance: 60.00, 60.75, 61.45
What it said to watch
H1 close below 59.27 confirms a lower-low and opens the $57.22 weekly low
Reclaim and hold of the $60.00 round number needed to keep the bounce alive toward $61.45
US CPI Tue Jul 14 12:30 UTC is the dominant catalyst and could reset this read
Silver crashed to a 57.22 weekly low midweek then staged a sharp bounce into Thursday's session, running out to 60.75 on the softer USD before stalling. Price is now working back below the 60.00 round level and EMA(20), holding above EMA(50) as the recovery fades; RSI(14) has cycled back to mid-range. The 60.00 handle has capped repeated attempts this week and remains the pivot for the corrective leg.
Support: 59.27, 58.16, 57.22
Resistance: 60.00, 60.75
What it said to watch
H1 close below 59.27 swing low reopens the path toward 58.16 and the 57.22 weekly low
Reclaim and hold of 60.00 would extend the bounce toward the 60.75 swing high
US CPI Tue Jul 14 12:30 UTC could materially reset this read
Silver rebounded off Wednesday's 57.22 weekly low into Thursday's NY session on a softer USD, but the recovery stalled at 60.50 and the 60.00 round number has capped price since. Now trading back below EMA(20) at 59.74 with RSI(14) mid-40s, the bounce is losing steam while still holding above the rising line of higher lows.
Support: 59.27, 57.22
Resistance: 60.00, 60.50, 61.45
What it said to watch
H1 close below 59.27 confirms a lower low and re-opens 57.22
Reclaim of 60.00 needed to expose the 61.45 pivot
US CPI Tue Jul 14 12:30 UTC is the dominant catalyst and could reset this read
Silver rebounded off the $57.22 week low through Thursday's NY session but the move has stalled beneath the $60.00 round level, which capped the push near $60.75 and has since faded to $59.95. Price is hovering on the H1 EMA(20) with RSI(14) back around the mid-line, reflecting a corrective bounce inside a broader downtrend rather than a structural turn. A softer USD at three-week lows supplied the oxygen for the recovery, but the descending sequence of session highs since the peak keeps the tone contained.
Support: 59.28, 57.22
Resistance: 60.00, 60.75, 61.45
What it said to watch
H1 close above 60.75 opens the path toward the 61.45 pivot
Failure to hold 59.28 exposes the 57.22 weekly low
US CPI Tue 12:30 UTC is the dominant catalyst and could reset this read
Silver carved a week low at 57.22 midweek before Thursday's rebound reclaimed the 60.00 round number, helped by a softer USD at three-week lows. Price has since been capped near the 60.75 week high and is consolidating just below 60, holding a sequence of higher lows off the base. The broader structure remains a bearish channel; this move reads as a corrective bounce rather than a trend shift.
Support: 59.28, 58.86, 57.22
Resistance: 60.00, 60.75
What it said to watch
Hourly close above 60.75 week high opens the 61.45 pivot
Failure to hold the 59.28 prior low reopens 58.86 then the 57.22 weekly low
US CPI Tue 12:30 UTC is the dominant catalyst and could reset this read
Pullback after rebound off weekly low, capped at 60.50.
Silver rebounded ~2.7% off the 57.22 weekly low through Thursday's NY session on US-Iran de-escalation and a softer USD, peaking near 60.50 before rolling over into Friday. Price has since eased to 59.50 — the 38.2% retrace of that recovery leg — slipping back below EMA(20) while holding above EMA(50), with RSI(14) cooling into the mid-40s. The 60.50 area has capped, consistent with the digest's read of supply into the 60-61 pivot rather than a trend change.
Support: 59.27, 58.83, 57.22
Resistance: 60.50
What it said to watch
Sustained trade below 59.27 swing low opens 58.83, then the 57.22 weekly low
Reclaim of 60.50 week high needed to re-challenge the recovery channel top
Fed Monetary Policy Report today 18:00 UTC and CPI Tue could reshape this read
Silver rebounded ~3% off Tuesday's 57.22 week low but the move stalled at 60.75 and has rolled over into Friday's NY session, slipping back below EMA(20). RSI(14) cycling sub-50 keeps the bounce corrective within this week's broader downtrend of lower highs. A softer USD on US–Iran de-escalation underpinned the relief move, but overhead into 61.45 remains heavy.
Support: 59.28, 57.22
Resistance: 60.75, 61.45
What it said to watch
H1 close below 59.28 confirms a fresh lower low toward the 57.22 week low
Reclaim of 60.75 swing high opens the path to the 61.45 channel top
US CPI on Jul 14 is the dominant catalyst and could reshape this read
Silver's week-long slide bottomed near 57.22 before a ~3% relief bounce topped at 60.75, driven by US-Iran de-escalation and a softer USD. Price is now easing back toward EMA20, sitting just below it with RSI near 46, keeping the move corrective within the broader downtrend. Overhead at 60.75 has capped the recovery so far.
Support: 59.28, 57.22
Resistance: 60.75, 61.45
What it said to watch
H1 close below 59.28 confirms a fresh lower-low
Reclaim of 60.75 needed to extend the bounce toward 61.45 channel cap
US CPI Jul 14 is the dominant catalyst and could reset this read
Silver clawed back from the 57.21 week low to 60.75 on a softer USD and Iran de-escalation hopes, but the leg has stalled and price is grinding out lower highs since yesterday's NY session. Rejection at 60.46/60.75 has capped the bounce and price has slipped back under EMA(20) with RSI(14) fading toward 44. The recovery sits around the 38.2% retrace of the 57.21–60.75 move, keeping the broader lower-low sequence intact.
Support: 59.27, 58.38
Resistance: 60.46, 60.75
What it said to watch
H1 close below 59.27 confirms a lower-low and exposes 58.38
Reclaim of 60.46 needed to re-open the bounce toward 60.75
US CPI Jul 14 12:30 UTC is the dominant catalyst and could reset this read
13:04 UTC
Corrective bounce, rolling over · RSI 44 · price 59.71
Bounce off week low, lower highs forming.
Silver recovered off the 57.22 week low into Thursday's NY session as a softer USD and US-Iran de-escalation drained the safe-haven bid, but the bounce stalled at the 60.75 prior high and has since carved a sequence of lower highs. Price has slipped back below EMA(20) with RSI(14) rolling off the mid-50s, and the swing low at 59.28 is the immediate marker; the broader lower-high structure remains intact.
Support: 59.28, 57.22
Resistance: 60.40, 60.75
What it said to watch
H1 close below 59.28 confirms a lower-low and exposes the week low at 57.22
Reclaim of 60.40 session high needed to revive the bounce
US CPI Tue Jul 14 12:30 UTC is the dominant catalyst and could reset this read
Silver rebounded off Wednesday's $57.22 low toward $60.75 through Thursday-Friday as the USD stayed soft and oil corrected on US-Iran de-escalation signals. That bounce has stalled: price rolled over below the $60.00 psych pivot and has slipped under EMA20, printing a recent low at 59.28 with RSI back in the mid-40s. The week's higher-lows recovery remains inside the broader descending channel off the 62.34 high.
Support: 59.28, 58.38, 57.22
Resistance: 60.00, 60.75
What it said to watch
Reclaim of 60.00 psych would reopen the 60.75 swing high
Loss of 59.28 recent low exposes the 58.38 swing low and 57.22 weekly low
US CPI Tue 12:30 UTC is the dominant catalyst and could reset this read
Silver snapped a multi-day slide Thursday, squeezing off the 57.21 week low toward 60 as the USD slipped to a three-week low, but the recovery stalled at 60.75 and price has rolled back below EMA(20). The broader structure stays lower-high/lower-low, and RSI(14) is cycling in the mid-40s with the bounce losing traction into the NY-Asia transition. The $60.00 pivot capped the move and now sits as the line the corrective leg needs to reclaim.
Support: 59.27, 58.30, 57.22
Resistance: 60.00, 60.75
What it said to watch
H1 close above 60.00 pivot would extend the corrective bounce toward the descending trendline
Failure to hold 59.27 recent low reopens 58.30 and the 57.22 week low
US CPI Mon 12:30 UTC is the dominant catalyst and could reset this read
Lower highs on the week, recovery stalling below $60.
Silver rebounded off Wednesday's $57.22 low toward $60 through Thursday's session as the USD slid, but the $60.75 bounce high capped the recovery and price has since faded back below EMA(20). The broader lower-high structure remains intact after the ~$5 weekly drop, with the $60.00 pivot the line between corrective relief and renewed weakness.
Support: 59.27, 58.90, 57.22
Resistance: 60.00, 60.75
What it said to watch
Hourly close back above $60.00 reopens the $60.75 recovery high
Loss of the 59.27 recent low exposes 58.90 then the $57.22 wed low
US CPI Mon 12:30 UTC is the dominant catalyst and could reset this read
Lower highs / lower lows, relief rally stalling at 60.
Silver shed roughly $5 from Monday's open near 62.3 to Thursday's 57.21 low, then staged a sharp corrective bounce toward the 60.00 pivot as the USD slid to a three-week low. That recovery stalled at 60.75 and price has faded back to 59.53, holding below EMA(20). RSI(14) has rolled back to the mid-40s as the bounce loses momentum, leaving the broader lower-high sequence intact.
Support: 59.36, 57.22
Resistance: 60.00, 60.75
What it said to watch
Reclaim of 60.00 needed to extend the bounce; rejection keeps the lower-high sequence intact
Loss of 59.36 swing low opens the path back toward the 57.22 weekly low
US CPI Mon Jul 14 and Warsh testimony are the dominant catalysts ahead
Fed Monetary Policy Report today 18:00 UTC could shift USD tone
Silver spent this week sliding from the low-62s to a 57.22 low on Middle-East energy-inflation and higher-for-longer Fed bets, then staged a corrective bounce to 60.75 as the USD softened post-FOMC minutes. That bounce is now rolling over: price has slipped back below the H1 EMA20 near 60.10 and is testing the 59.00 hinge, keeping the lower-high, descending-channel structure intact. RSI(14) has cycled back to the low-40s as the recovery loses grip.
Support: 59.00, 57.22
Resistance: 60.75
What it said to watch
H1 close below 59.00 re-opens 57.22 week low and 56.61
Reclaim of 60.75 bounce high needed to negate the lower-high sequence
US CPI Tue 12:30 UTC is the dominant catalyst and could materially shift this read
Silver rebounded off Thursday's 57.22 week low toward 60.75 as a softer USD and retreating yields eased the post-FOMC-minutes pressure, but the move stalled and is rolling back into 59.55. Price has slipped under EMA(20) with lower highs still capping since Monday's ~62 open, keeping the corrective bounce contained inside the week's descending channel. RSI(14) has cooled back to the mid-40s as the retracement fades.
Support: 59.00, 58.17, 57.22
Resistance: 60.75
What it said to watch
H1 close below 59.00 hinge re-opens 58.17 then 57.22
Reclaim of 60.75 bounce high needed to extend the corrective move
US CPI Tue 12:30 UTC is the dominant catalyst and could reset this read
Silver bounced ~3.5 off Wednesday's 57.22 week low into the NY session Thursday as the USD and yields softened post-FOMC minutes, but the recovery has stalled at the $60 pivot with the week high at 60.75 capping. Price is chopping around EMA20 after failing to hold above it, and RSI(14) has cycled back to the mid-40s — the weekly downtrend of lower highs is intact through this corrective leg.
Support: 59.79, 58.38, 57.22
Resistance: 60.75, 61.45
What it said to watch
H1 close above 60.75 opens the descending channel top toward 61.45
Failure to hold 59.79 swing low reopens the path to 58.38 and the 57.22 week low
US CPI Jul-14 12:30 UTC is the dominant catalyst and could reshape this read
Lower highs since Tuesday, bounce off week low, now consolidating below 60.75.
Silver has clawed back to ~59.9 after basing at the 57.22 week low, a bounce that tracked softer USD and yields into the NY session Thursday. The recovery holds above EMA20, but the move remains corrective inside the week's descending structure of lower highs — the 60.75 day high capped the latest push and price is stalling below it. Broader picture is still a down week (~63 to 57.22) with the bounce yet to reclaim key overhead.
Support: 59.73, 58.40, 57.22
Resistance: 60.75, 61.45
What it said to watch
H1 close above 60.75 targets the 61.45 channel top and tests the down-trend read
Loss of 59.73 reopens 58.40 and the 57.22 week low
US CPI (Jul 14) is the dominant catalyst that could reprice this bounce either way
Silver spent the week grinding lower from the 62.35 week high to a 57.22 low, then snapped back toward the $60 pivot as the USD softened post-FOMC minutes. The bounce has stalled just under the 60.75 day high with RSI cycling around the mid-50s, and price is now pressing back into the EMA20 — a corrective recovery inside the broader lower-high structure rather than a trend change.
Support: 59.60, 58.17, 57.22
Resistance: 60.75, 61.45, 62.35
What it said to watch
US CPI Tue Jul 14 12:30 UTC is the pivot and could materially shift this read
Hourly close above 61.45 channel top would challenge the lower-high sequence
Loss of the 59.60 swing low reopens the 58.17 spike low and 57.22 week low
Lower highs / lower lows, bounce fading near 60 pivot.
Silver lost over $3 this week into a $57.22 Wednesday low, then bounced ~2.7% Thursday into the NY session as the USD softened post-FOMC minutes. That rebound has stalled at the $60 pivot, with price chopping just under EMA(20) and RSI(14) flattening around the midline. The move remains corrective within the broader lower-high/lower-low structure, not a trend flip.
Support: 59.90, 57.85, 57.22
Resistance: 60.75, 61.45
What it said to watch
US CPI Tue Jul 14 12:30 UTC is the pivot and could materially reshape this read
Hourly close above 60.75 opens the path to the 61.45 prior high
Failure to hold 59.90 re-exposes the 57.85 / 57.22 week lows
Silver snapped a three-day slide off Wednesday's 57.21 low and rallied to 60.75 into the NY session, and is now consolidating around the $60 pivot just above EMA20 and EMA50. The move follows a softer USD post-FOMC minutes, but it sits inside the broader bearish channel that dominated this week's drop from ~62. RSI(14) has cycled back near the mid-50s as the recovery flattens under 60.75.
Support: 59.73, 59.00, 57.21
Resistance: 60.75, 61.13
What it said to watch
Reclaim of 60.75 opens the path back toward 61.13
Failure to hold 59.73 exposes the 59.00 pivot
US CPI Mon Jul 14 could materially shift this read
Silver based at $57.21 midweek and staged a ~3% recovery to the $60.75 session high as the USD softened after the FOMC minutes; the move stalled into NY hours and price is now consolidating in a tight $60.0–60.4 band. It holds above EMA(20) since the recovery began, but the broader H1 sequence off the $62 weekly open remains a series of lower highs. RSI(14) has cooled from the rebound peak back into the mid-50s.
Support: 60.00, 59.00
Resistance: 60.75, 61.00
What it said to watch
Loss of the $60.0 round number opens the $59.0 pivot
Close above the $60.75 session high extends the corrective rebound toward $61.0 psych
US CPI Mon 12:30 UTC could materially shift this read
Silver has clawed back roughly 3% off Wednesday's 57.21 low as the USD softened post-FOMC minutes, and price now sits above both EMA(20) and EMA(50) for the first time since the mid-week flush. The advance stalled into 60.75, with the last several bars coiling in a tight 60.30-60.75 range and RSI easing back toward the mid-50s. Broader context stays a corrective rebound inside a larger bearish channel, so 60.00 is the pivot buyers are defending on this leg.
Support: 60.00, 59.75, 57.21
Resistance: 60.75, 61.00, 61.37
What it said to watch
H1 close above 60.75 opens the path to 61.00, then 61.37
Failure to hold 60.00 threatens a slide back toward 59.75
US CPI Jul 14 12:30 UTC could materially shift this read
Silver snapped a three-day slide from Monday's ~62.4 open, bottoming at 57.21 on Wednesday's flush before rebounding ~3% to ~60.3 as the USD softened post-FOMC minutes. Price now consolidates between 60.00 and the 60.75 day high, holding above EMA20 with RSI(14) mid-range. The bounce is corrective — the broader week structure remains a series of lower highs from 62.4.
Support: 60.00, 59.73, 57.21
Resistance: 60.75, 61.13
What it said to watch
H1 close above 60.75 opens the path to 61.13
Failure to hold 60.00 / 59.73 threatens a fresh lower low
US CPI on Jul 14 could materially shift this read
04:03 UTC
Corrective bounce within downtrend · RSI 58 · price 60.341
Higher lows off 57.22 base.
Silver carved a rounded base near the 57.22 week low and has ground out higher lows into the recent bounce, tagging a 60.75 session high before easing to 60.34. Price now sits above EMA20 (~60.00) with RSI(14) mid-range, the move looks corrective — a ~3% recovery on the softer USD and lower yields after hawkish FOMC minutes, still inside the broader descending channel. The 60.75 wk high and 61.45 channel cap remain the levels defining this rebound.
Support: 60.00, 59.73, 57.22
Resistance: 60.75, 61.45
What it said to watch
H1 close above 60.75 opens the path to the 61.45 channel cap
Failure to hold the 59.73 swing low re-exposes the 57.22 week low
US CPI Jul 14 is the key catalyst that could shift this read
Higher lows off the week's low, recovering toward mid-range.
Silver has rallied roughly 3% off Wednesday's 57.22 low into Thursday's session, reclaiming both EMA(20) and EMA(50) as a softer USD and easing yields fuelled the bounce. The move is corrective within the week's broader descending structure — price slid from 63.09 to 57.22 before basing. RSI(14) is holding in the low-60s, with the recovery stalling just under 60.75 into the current session.
Support: 59.85, 57.22
Resistance: 60.75, 61.45
What it said to watch
Close above 61.45 opens the path toward descending channel resistance
Failure to hold the 59.85 higher-low breaks the recovery structure
US CPI Tue 12:30 UTC is the key catalyst and could reset this read
Silver bounced roughly 3% off Thursday's 57.22 week low through the NY session, snapping a three-day slide as a softer USD after the FOMC minutes lent support. Price is back above EMA20/50 with RSI recovered near 63 and a chain of higher lows building since the low. The move reads corrective within the broader descending channel, with the session high at 60.61 the immediate cap and channel top at 61.45 above.
Support: 59.73, 57.22
Resistance: 60.61, 61.45
What it said to watch
H1 close above 61.45 channel top challenges the descending structure
Failure to hold 59.73 higher low reopens the 57.22 week low
US CPI Tue Jul 14 12:30 UTC is the key catalyst and could reshape this read
Silver has clawed back from Wednesday's 57.22 week low to the 59.00 psych pivot and above, tracking a softer USD after the FOMC minutes; the move is corrective within a >$3 weekly slide from 63-plus. Price is now consolidating just under the 60.60 day high with RSI back near mid-range after cycling up off oversold. Pullbacks this session have found the 59.73 range floor, keeping the bounce intact.
Support: 59.73, 59.00, 57.22
Resistance: 60.60, 61.45
What it said to watch
Hourly close above 60.60 day high opens the 61.45 channel cap
Failure to hold 59.00 psych pivot reopens 57.22 week low
US CPI Jul 14 12:30 UTC is the key catalyst and could reset this read
Silver bounced off Wednesday's 57.22 low back above the 59.00 pivot as the USD softened after the split FOMC minutes, reclaiming EMA20 and EMA50 into the NY session. The move stalled at 60.60 and price has since coiled in a tight 60.0-60.4 range, RSI(14) cycling around 54. The weekly structure remains a lower-high/lower-low sequence from the ~63.25 top, so this leg reads as a relief bounce rather than a base.
Support: 59.00, 57.22
Resistance: 60.60, 61.45
What it said to watch
Close above 61.45 challenges the channel cap and this week's lower-high read
Failure to hold the 59.00 pivot reopens 57.22 and the bearish sequence
US CPI Jul 14 12:30 UTC is the key catalyst that could shift this read
Silver collapsed from the 63.17 area at Monday's open to a 57.22 trough as renewed Gulf tensions lifted oil and re-anchored inflation fears, but has since ground back to 60.24 — roughly the 50% retracement of the weekly drop — helped by a softer USD after the hawkish-but-split FOMC minutes. Price holds above EMA20 and EMA50 with RSI(14) mid-50s, but the broader lower-high/lower-low sequence keeps this bounce corrective. The 59.00 pivot has been reclaimed while 60.60/61.45 caps the upside.
Support: 59.00, 57.22
Resistance: 60.60, 61.45
What it said to watch
H1 close below 59.00 pivot reopens the 57.22 week low
Rejection at 61.45 channel cap keeps the bounce corrective
US CPI Jul 14 12:30 UTC is the key catalyst that could reshape this read
Silver bled more than $3 this week from the 63.25 open to a 57.22 trough as Gulf tensions and hawkish FOMC minutes re-anchored inflation fears and firmed the USD. The past two sessions have carved a rounded base and clawed back above the $59 pivot into the NY session, with price now retesting 60.60 and RSI(14) cycling back up near 60. The recovery sits above both EMAs but the broader lower-high sequence and the 61.45 channel cap still frame the move as corrective.
Support: 57.22
Resistance: 60.60, 61.45
What it said to watch
Failure to hold $59 pivot reopens 57.22 week low
H1 close above 61.45 channel cap needed to extend the bounce
US CPI Jul 14 12:30 UTC is the key catalyst and could reset this read
Silver bounced off Wednesday's 57.22 low to 60.60 as the USD pulled back after the FOMC minutes, then stalled and is consolidating just below 60 into the Asia session. The broader picture stays a downtrend after the >$3 weekly slide from the 63 area; the recovery has reclaimed EMA20 and EMA50 but 60.60 has capped the last attempt. RSI(14) has cycled back to mid-range, showing the impulse losing steam.
Support: 59.00, 57.22
Resistance: 60.60, 61.45
What it said to watch
H1 close back below 59.00 pivot reopens 57.22 week low
Reclaim of 60.60 needed to extend the bounce toward 61.45 channel cap
US CPI Jul 14 12:30 UTC is the dominant catalyst and can shift this read
Silver collapsed more than $3 from Monday's 63.25 high into Wednesday's 57.22 week low before a softer USD post-FOMC minutes fuelled a relief bounce back above the 59.00 pivot. Price reclaimed EMA20 and EMA50 during the recovery, peaking at 60.60 in the NY session before stalling around 60.00, with RSI(14) cooling back to mid-range. The bounce has retraced roughly half of the weekly drop; 60.60 and the 61.45 channel cap are the levels to watch on the upside.
Support: 59.00, 58.28, 57.22
Resistance: 60.605, 61.45
What it said to watch
H1 close above 60.60 opens the path toward the 61.45 channel cap
Failure to hold the 59.00 pivot reopens 58.28 and the 57.22 week low
US CPI on Jul 14 is the dominant catalyst and could reset this read