Silver gapped down at the week open, printing ~$58.87 versus Friday's $59.85 close, in line with the bearish channel read. Price has since coiled 58.48-59.08, holding the 58.60 floor into Tuesday's US CPI.
Support: 58.60, 58.48
Resistance: 58.87, 59.08
What it said to watch
Close below 58.48 confirms a lower-low and reopens the $57.22 zone
Reclaim of 58.87 gap open would fade the gap-down pressure
US CPI Tue 12:30 UTC is the dominant catalyst and could reset this read
Silver gapped roughly a full point lower on the Sunday reopen to 58.87 and has since based between 58.48 and 59.08. RSI(14) near 38 reflects the bearish tone flagged into Tuesday's US CPI; price is coiling rather than trending on this timeframe.
Support: 58.48, 57.22
Resistance: 59.08, 59.85
What it said to watch
M15 close above 59.08 opens the path back toward the 59.85 gap fill
Break below 58.48 exposes the 57.22 weekly low
US CPI Tue 12:30 UTC is the dominant catalyst and could reset this read
Silver reopened with a weekend gap-down of roughly a full point, printing 58.48 before stabilising in a tight 58.48–58.85 band on thin Sunday liquidity. Price sits below both EMAs with RSI(14) near 35; the descending-channel bearish tone from the digest is intact and Friday's 59.85 close is now an unfilled gap overhead.
Support: 58.48, 57.22
Resistance: 58.846, 59.083
What it said to watch
Close below 58.48 extends the leg and exposes 57.22 weekly low
Reclaim of 59.083 gap high would begin filling the weekend gap
US CPI Tue 12:30 UTC is the dominant catalyst and could reset this read
23:32 UTC
Downtrend, gapped lower · RSI 34 · price 58.746
Consolidation below weekend gap.
Silver opened the week with a weekend gap lower from ~59.85 to 58.87 and has since chopped in a tight 58.48-58.85 range. RSI(14) sits near 34 after the drop, price trading below EMA20 and EMA50 as the bearish channel holds ahead of Tuesday's US CPI.
Support: 58.48
Resistance: 58.846, 59.083
What it said to watch
Reclaim above 59.083 begins closing the weekend gap
Loss of 58.480 session low extends the down leg
US CPI Tue 12:30 UTC is the dominant catalyst and could reset this read
23:17 UTC
Downtrend, near session lows · RSI 35 · price 58.626
Gap down, lower highs post-gap.
Session opened with a gap down to 58.87 from the prior 59.85 close, extending silver's bearish channel. Price is grinding just above the 58.48 session low with RSI(14) subdued in the mid-30s; post-gap highs are stepping lower into the 58.87 gap open.
Support: 58.48
Resistance: 58.87
What it said to watch
Reclaim of 58.87 gap open would begin filling the gap
Loss of 58.48 session low exposes deeper downside toward the 57.22 weekly area
US CPI Tue 12:30 UTC is the dominant catalyst and can reset this read
23:17 UTC
Downtrend, gapped lower · RSI 34 · price 58.626
Sunday gap down, consolidating below 58.87.
Silver reopened with a weekend gap lower from the 59.85 pre-close area, printing a session low of 58.48 before settling into a tight 58.48-58.87 consolidation. RSI(14) subdued near 34 with price pinned below EMA20/50; no fresh momentum in the current bar.
Support: 58.48, 57.22
Resistance: 58.87, 59.083, 59.85
What it said to watch
M15 close back above 59.083 begins to close the Sunday gap toward 59.85
Loss of 58.48 session low exposes the 57.22 weekly low
US CPI Tue 12:30 UTC is the dominant catalyst and could reset this read
23:03 UTC
Downtrend, gapped lower · RSI 34 · price 58.632
Weekend gap down, consolidating near lows.
Silver gapped ~1.00 lower into the Asia reopen, opening 58.868 and flushing to 58.480 before stabilising near 58.63 on thin volume. RSI(14) sits stretched to the downside as price holds well below the pre-gap 59.80s range, with de-escalation-driven USD softness offset by hawkish-Fed pricing into Tuesday's CPI.
Support: 58.48, 58.00
Resistance: 58.868, 59.083
What it said to watch
Reclaim above 58.868 gap open would open a gap-fill attempt toward 59.08
Break below 58.480 session low exposes the 58.00 round level
US CPI Tue Jul 14 12:30 UTC is the dominant catalyst and can reset this read
22:47 UTC
Downtrend, weekly gap down · RSI 31 · price 58.647
Gapped below Friday range, consolidating at lows.
Silver gapped down nearly $1 at the weekly open, dropping from Friday's 59.849 close to print a 58.634 session low before stalling around 58.65. Price is pinned near the lows with RSI(14) around 31 and no bounce yet into the unfilled gap; the digest flags a bearish channel with Tuesday's US CPI as the dominant catalyst.
Support: 58.634
Resistance: 59.083, 59.849
What it said to watch
Recovery above 59.083 gap high begins to fill the weekend gap
Loss of 58.634 session low exposes the 57.22 weekly area
US CPI Tue 12:30 UTC is the dominant catalyst for silver
22:47 UTC
Downtrend, sharp gap lower · RSI 20 · price 58.647
Bearish break, fresh window lows.
Silver opened the week with a ~120-pip gap lower, printing 58.87 versus the prior 59.85 close, and has since drifted to the session low at 58.635. RSI(14) sits near 20, deeply oversold, with the gap unfilled and price pinned to the lows as the hawkish-Fed/CPI backdrop caps the metal.
Support: 58.635, 57.22
Resistance: 58.846, 59.083, 59.849
What it said to watch
A close back above 58.85 begins repairing the gap toward 59.08
Failure to hold 58.635 opens the path toward the 57.22 weekly low
US CPI Tue 12:30 UTC is the dominant catalyst and can materially shift this read
22:32 UTC
Downtrend, gap-driven leg lower · RSI 29 · price 58.809
Gapped below prior range, hovering at session lows.
Silver opened the new week with a sharp gap of nearly 1000 pips lower, printing a 58.635 session low before stabilising near 58.80. The drop extends the bearish channel; RSI(14) sits near oversold with the gap open at 58.868 capping the initial bounce ahead of Tuesday's US CPI.
Support: 58.635, 57.22
Resistance: 58.868, 59.849
What it said to watch
Reclaim of 58.868 gap open would begin filling the gap toward 59.849 gap fill
Loss of 58.635 session low exposes the $57.22 weekly low
US CPI Tue 12:30 UTC is the dominant catalyst for this read
22:32 UTC
Downtrend, gap-driven leg lower · RSI 32 · price 58.809
Weekend gap down, price below prior range.
Silver opened the week with a sharp gap down from 59.85 to 58.87, tearing below the prior 59.5-59.9 range and dropping to 58.635 before a shallow stabilisation near 58.80. RSI(14) sits around 31 after the drop; only three bars have printed post-gap so structure is still forming.
Support: 58.635, 57.22
Resistance: 59.083, 59.849
What it said to watch
Reclaim of 59.083 opens the gap-fill path toward 59.849
Break of 58.635 exposes the 57.22 weekly low
US CPI Tue 12:30 UTC is the dominant catalyst and can reset this read
22:17 UTC
Downtrend, gapped lower · RSI 27 · price 58.80
Weekend gap down, trading at session lows.
Silver opened the week with a gap down from 59.85 to 58.87, trading at 58.8 just above the session low at 58.635 with RSI(14) near 26. Move extends the bearish channel flagged into Tuesday's CPI; no fill of the gap yet.
Support: 58.635, 58.00, 57.22
Resistance: 59.083, 59.849
What it said to watch
Reclaim above 59.083 begins filling the gap toward 59.85
Failure to hold 58.635 opens the path to 58.00 then the 57.22 weekly low
US CPI Tue 12:30 UTC is the dominant catalyst and could reset this read
22:17 UTC
Downtrend, fresh gap lower · RSI 28 · price 58.80
Weekend gap down below prior consolidation, new lows.
Silver reopened with a weekend gap down from 59.85 to sub-59.00 and has held near 58.80, well below the prior 59.7–59.9 consolidation. RSI(14) at ~28 is pressured but not yet washed out; ATR is inflated by the gap bar. Move fits the broader bearish-channel read into Tuesday's US CPI.
Support: 58.635
Resistance: 59.083, 59.85
What it said to watch
Close below 58.635 gap low opens continuation toward the 57.22 weekly low
Reclaim of 59.083 gap high would signal a gap-fill attempt toward 59.85
US CPI Tue 12:30 UTC is the dominant catalyst and could reset this read
Silver ground higher off the 58.855 spike low toward 59.85, printing a chain of higher lows through the quiet late session on thinning volume. RSI(14) mid-50s with price capped just under the 59.90 psych level and the 60.035 prior high; rising support tracks near 59.76.
Support: 59.49, 59.277
Resistance: 59.90, 60.035, 60.30
What it said to watch
M15 close above 59.90 opens the path back toward 60.30
Loss of 59.49 swing low exposes the 59.277 prior low
22:03 UTC
Recovery grind after selloff · RSI 57 · price 59.849
Higher lows off 58.85, still below 60.
Silver clawed back from the 58.85 flush to grind higher into the 59.85 area on thinning late-session volume, RSI(14) mid-range near 57. Buyers defended above 59.49 on the recovery, but the 59.98/60.00 cap has not been tested since the earlier drop.
Support: 59.51, 59.27
Resistance: 59.98, 60.00
What it said to watch
Close above 60.00 opens the 60.35 area
Loss of 59.51 session low reopens 59.27 swing low
US CPI Tue 12:30 UTC is the dominant catalyst
21:47 UTC
Recovering off intraday low · RSI 60 · price 59.849
Higher lows off 58.855 flush, sub-60 grind.
Silver flushed to 58.855 mid-window then based and ground back to 59.85 in thin late-NY trade, RSI(14) recovering to ~60 with EMAs reclaimed. The 60.00 psych cap and 59.95 swing high are the immediate ceiling; buyers held the 59.53 base repeatedly through the recovery.
Support: 59.53, 59.36, 58.85
Resistance: 59.95, 60.00, 60.29
What it said to watch
M15 close above 60.00 psych opens the 60.29 prior high
Loss of 59.53 session base exposes 59.36 swing low
US CPI Tue 12:30 UTC is the dominant catalyst and can override this intraday read
Silver clawed back from the 59.28 session low and an earlier 58.86 flush, grinding higher through the late session and now pressing 60.00. RSI(14) mid-60s, price back above EMA20/EMA50 with a chain of higher lows into the round number.
Support: 59.49, 59.28, 58.86
Resistance: 60.00, 60.29
What it said to watch
Close above 60.00 opens the path to 60.29
Failure to hold 59.49 re-exposes the 59.28 session low
US CPI Tue 12:30 UTC is the dominant catalyst and could reset this read
Silver sold off from the 60.75 high to a 58.86 sweep low, then clawed back to 59.85 on thinning late-session volume with RSI(14) mid-range. A chain of higher lows has formed off the sweep, but the 59.88 session high and 60.00 psych level still cap.
Support: 59.53
Resistance: 59.88, 60.00, 60.20
What it said to watch
Close above 60.00 psych opens 60.20 prior high
Failure to hold 59.53 session low reopens 59.27 swing low and 58.86 sweep low
US CPI Tue 12:30 UTC is the dominant catalyst and could reset this read
Higher lows building after spike low, capped below 60.
Silver slid from the session high at 60.75 through the day to a spike low of 58.86, then based and is grinding higher into 59.85 around the 50% retracement of that drop. RSI(14) near 60 with a chain of higher lows; the broader weekly descending channel keeps the sub-60 ceiling in focus ahead of Tuesday's US CPI.
Support: 59.49, 59.28, 58.86
Resistance: 60.01, 60.75
What it said to watch
M15 close above 60.00 opens the path back to session high 60.75
Failure to hold 59.49 reopens 59.28 and the 58.86 spike low
US CPI Tue 12:30 UTC is the dominant catalyst and could reset this read
Consolidation after downswing, higher lows into 60 psych.
Silver swept 58.86 then recovered, now grinding back toward the 60.00 psych level with RSI(14) mid-range near 59. Price is consolidating 59.52–59.88 after the sharp downswing off 60.75.
Support: 59.52, 59.28, 58.86
Resistance: 59.88, 60.00, 60.20
What it said to watch
Close above 60.00 psych opens the path back to 60.20 swing high
Loss of 59.52 session low reopens 59.28 and the 58.86 spike low
US CPI Tue 12:30 UTC is the dominant catalyst and can override this intraday read
Higher lows building off 59.28, capped under 60.00.
Silver sold off from the 60.75 peak to a 59.28 session low, then based and ground back to 59.85 on a chain of higher lows. RSI(14) mid-range near 58; price now sits above EMA20/EMA50 but capped under the 60.00 psych level.
Support: 59.60, 59.28
Resistance: 59.98, 60.00, 60.29
What it said to watch
M15 close above 60.00 opens the 60.29 swing high
Failure to hold 59.60 exposes the 59.28 session low
US CPI Tue 12:30 UTC is the dominant catalyst and could reset this read
Silver ground higher into the Asia session, recovering off the 59.28 day low after a wick sweep to 58.855; price now presses the 60.00 psych level with RSI(14) mid-range. The bounce stalls around the 50% retrace of the 60.75-58.86 slide.
Support: 59.49, 59.28, 58.855
Resistance: 60.00, 60.20
What it said to watch
Close above 60.00 opens the 60.20 prior high
Loss of 59.49 session low reopens the 59.28 day low
Silver bounced off the 58.86 spike low and has clawed back to ~59.85, stalling into the 60.00 psych level. RSI(14) sits mid-range near 57 after the recovery and price holds above EMA20. Grinding sideways below 60.00, roughly 50% back of the 60.75-58.86 drop, with US CPI Tuesday the dominant catalyst.
Support: 59.50, 59.28
Resistance: 60.00, 60.20
What it said to watch
M15 close above 60.00 opens the 60.20 prior high
Failure to hold 59.50 reopens the 59.28 session low and 58.86 spike
US CPI Tue 12:30 UTC could materially shift this read