Every read JAFX AI made on the XAG/USD 1-hour chart that day, newest first: trend, structure, the levels it marked and what it said to watch.
11:01 UTC
Recovery uptrend off YTD low, momentum cooling · RSI 58 · price 68.041
Higher highs / higher lows since Thursday low.
Silver staged a violent ~6% rebound off the $61.49 YTD low after Iran de-escalation hopes and softer Treasury yields, reclaiming the $67.25 200-day SMA pivot and now stalling in the mid-$68s. Price holds above EMA20 and EMA50 with RSI cycling in the upper-50s, but the move into 68.65/69.00 resistance has slowed. Last two bars are coiling just under the prior high.
Support: 67.25, 66.00
Resistance: 68.65, 69.00
What it said to watch
- Acceptance above 68.65/69.00 opens the path toward $70.00
- Loss of the 67.25 200d-sma pivot would unwind the recovery toward 66.00
- FOMC dot plot Wed 18:00 GMT is the dominant catalyst and could materially shift this read
11:01 UTC
Recovery uptrend off YTD low · RSI 62 · price 68.041
Higher lows since Thursday's bottom.
Silver has rebounded violently from Thursday's $61.50 YTD low after Iran de-escalation hopes and softer Treasury yields, reclaiming the $67.25 200-dma and now testing the mid-$68s. Each pullback since the bottom has printed a higher low and held the rising EMA(20), with RSI(14) holding the upper half. Price is pressing the week-high band beneath the $69.00 resistance cap.
Support: 67.25, 66.00, 61.50
Resistance: 68.34, 69.00
What it said to watch
- FOMC dot plot Wed 18:00 GMT is the dominant catalyst and could materially shift this read
- Acceptance above 68.34 keeps the 69.00 resistance in play
- Loss of the 67.25 200-dma pivot reopens 66.00 support