Silver has stayed heavy since Monday's ~4% dive from $60, with US-Iran escalation and firmer oil offsetting a softer USD after this week's cool CPI/PPI misses. The $59.00 area rejected again into the NY session and price is tracking a descending channel of lower highs, sitting below both EMAs. Buyers stepped in at 56.61 to spark a bounce, but that failed to reclaim the 58.63 day high and RSI(14) remains sub-50.
Support: 57.22, 56.61, 55.50
Resistance: 58.63, 59.00
What it said to watch
H1 close above 59.00 breaks the channel and negates the lower-high sequence
Failure to hold 57.22 exposes the 56.61 week low and 55.50 range base
US Retail Sales Thu 12:30 GMT could materially shift this read
23:03 UTC
Downtrend, bounce off lows · RSI 45 · price 57.781
Lower highs, lower lows into range base.
Silver has trended lower all week within a descending channel, sliding from Monday's ~60 area and flushing to a 56.61 swing low during the NY session before a corrective bounce back to 57.78 — right at the 38.2% retrace of that impulse. The metal couldn't capitalise on soft US CPI/PPI, with the $59.00 area rejecting rallies and price now trading below both EMA20 and EMA50. RSI(14) sits mid-40s, still sub-50 through the bounce.
Support: 57.22, 56.61, 55.50
Resistance: 59.00
What it said to watch
Loss of 57.22 support reopens the 56.61 swing low and 55.50 range low
H1 close back above the 59.00 rejection area needed to break the lower-high sequence
US Retail Sales Thu 12:30 GMT is the week's key catalyst and could shift this read
22:03 UTC
Downtrend, bouncing off lows · RSI 44 · price 57.76
Lower highs, lower lows within descending channel.
Silver has been under pressure all week, gapping lower into Monday's open and sliding from ~60 toward the mid-57s as US-Iran risk lifted oil and offset a softer dollar. NY hours yesterday drove a flush to 56.61 before demand stepped in for a bounce back to 57.76, but price sits below both EMA20 and EMA50 with the 59.00 area capping every rally. Structure stays a descending channel of lower highs; the 56.61 sweep held for now but the broader tilt is heavy.
Support: 57.22, 56.61, 55.50
Resistance: 59.00
What it said to watch
Reclaim and H1 close above 59.00 would break the rejection area and channel top
Failure to hold 57.22 support reopens 56.61 day low, then 55.50
US Retail Sales Thu 12:30 GMT could materially shift this read
22:03 UTC
Downtrend, bounce off lows · RSI 45 · price 57.76
Lower highs, lower lows within descending channel.
Silver has trended lower since Monday's open near 58.87, sliding with oil-led risk-off and a firm hawkish backdrop despite soft US CPI/PPI. The 59.00 area capped every attempt this week before Tuesday's flush to a 56.61 week low; buyers have since lifted price back to 57.76, but it remains under EMA20 and EMA50. RSI(14) has ticked up off oversold into the mid-40s on the bounce.
Support: 57.22, 56.61
Resistance: 58.40, 59.00
What it said to watch
Reclaim of 58.40 supply reopens a test of the 59.00 rejection area
Loss of 57.22 support exposes the 56.61 week low
US Retail Sales Thu 12:30 GMT could materially shift this read
21:05 UTC
Downtrend, bouncing off lows · RSI 44 · price 57.76
Lower highs in descending channel.
Silver gapped ~4% lower into Monday's open and has traded a descending channel all week, with soft US CPI/PPI weakening the dollar but oil-driven inflation fear and risk-off capping the rebound. Price marked a fresh lower low at 56.61 before buyers stepped in, but the recovery to 57.76 sits below both the EMA20 and EMA50 with RSI(14) still under 45. The 59.00 shelf has rejected every push higher this week.
Support: 57.22, 56.61, 55.55
Resistance: 58.40, 59.00
What it said to watch
US Retail Sales Thu 12:30 GMT could materially shift this read
H1 close back above 58.40 would challenge the descending-channel structure
Failure to hold 57.22 support reopens the 56.61 swing low, then the 55.55 ytd zone
21:05 UTC
Downtrend, two-way tape · RSI 45 · price 57.76
Descending channel, lower highs holding.
Silver remains in a descending channel, capped under the 59.00 shelf all week after the spike to 59.64 was rejected and faded into the 56.61 week low. Soft US CPI/PPI pressured the dollar but oil-driven inflation fear and risk-off kept the metal offered; price is now stalling near 57.76, back below EMA20. RSI(14) sits mid-40s with no bullish divergence at the recent low.
Support: 56.61, 55.55
Resistance: 59.00
What it said to watch
US Retail Sales Thu 12:30 GMT could materially shift this read
Break below 56.61 wk low exposes the 55.55 ytd zone
H1 close back above 59.00 shelf needed to challenge the channel top
Silver gapped ~4% lower into Monday's open and has trended down inside a descending channel since, sliding from the $60 shelf toward $57 after the soft US CPI/PPI prints did little to lift the metal as oil-led inflation and Iran risk-off capped rebounds. Price sits below EMA20 and EMA50 with RSI(14) mid-40s; a sweep to 56.61 in the last NY session was bought back to 57.7, but every push has stalled short of the 58.40 prior high. Momentum is fading rather than reversing while the channel holds.
Support: 57.22, 56.61, 55.50
Resistance: 58.40, 59.00
What it said to watch
H1 close below 57.22 exposes the 56.61 swing low and the 55.50 ytd zone
Reclaim of 58.40 prior high needed to challenge the 59.00 shelf top and channel top
US Retail Sales Thu 12:30 GMT could materially shift this read
20:03 UTC
Downtrend, two-way tape · RSI 44 · price 57.701
Lower highs, lower lows in descending channel.
Silver has trended lower since Monday's gap-down, pressured by risk-off and oil-led inflation fear that has offset a softer USD after this week's CPI/PPI misses. Sellers drove a sweep to 56.608 in the prior NY session before a sharp bounce to 58.388 that has since faded back below EMA20/EMA50, leaving price near the 57.22 support shelf. The 59.00 shelf top has capped every rebound attempt this week.
Support: 57.22, 56.608, 55.55
Resistance: 58.388, 59.00
What it said to watch
Close above 59.00 shelf top invalidates the channel downtrend read
Break below 56.608 swing low exposes the 55.55 ytd zone
US Retail Sales Thu 16 Jul 12:30 GMT could materially shift this read
19:03 UTC
Downtrend, bounce off lows · RSI 44 · price 57.93
Lower highs, swept lows near 56.61.
Silver has tracked lower within a descending channel since Monday's gap down, with 59.00 capping repeated attempts through the week. Price flushed to 56.61 during the NY session yesterday — a soft CPI/PPI-driven USD slide failed to lift the metal as oil-led inflation fear and risk-off kept it heavy — before recovering to 57.93. RSI(14) has lifted off the low-40s with price sitting below both EMA20 and EMA50.
Support: 57.22, 56.61, 55.55
Resistance: 59.00
What it said to watch
H1 close above 59.00 invalidates the descending channel read
Failure to hold 57.22 exposes 56.61 then the 55.55 ytd zone
US Retail Sales Thu 12:30 GMT could materially shift this read
19:03 UTC
Downtrend within descending channel · RSI 44 · price 57.93
Lower highs, lower lows; bounce off swing low.
Silver stayed pinned in a descending channel this week, with the $59.00 shelf capping the Wednesday spike before supply forced price back under the EMA20. A fresh flush into the NY session tagged the 56.61 swing low before demand stepped in, lifting price back to 57.93, but it remains below both EMAs. Soft US CPI/PPI has weakened the dollar, yet oil-driven inflation fear and risk-off keep the rebound contained under prior highs.
Support: 57.22, 56.61, 55.55
Resistance: 59.00
What it said to watch
H1 close above 59.00 needed to break the descending channel
Failure to hold 57.22 support reopens the path to the 55.55 ytd zone
US Retail Sales Thu 12:30 GMT could materially shift this read
18:03 UTC
Downtrend, within descending channel · RSI 42 · price 57.723
Lower highs, fresh week low then bounce.
Silver stayed offered all week, sliding from ~60.75 with two rejections below the 59.00 cap and today's PPI miss failing to lift it. The latest NY session drove a flush to a fresh week low at 56.608 before a bounce back to 57.72, but price remains under EMA20/EMA50 inside the descending channel. RSI(14) sits mid-40s, recovering off oversold without confirming a structural turn.
Support: 56.608
Resistance: 59.00
What it said to watch
Close above 59.00 cap would break the sequence of lower highs
Break below 56.608 week low exposes deeper channel support
US Retail Sales Thu 12:30 GMT could materially shift this read
Lower highs and lower lows within descending channel.
Silver extended lower into a fresh week low near 56.61 during NY hours before rebounding ~1.8% off it, but price still sits below EMA20 (~58.20) and EMA50 with lower highs intact from Monday's open. Softer US CPI and today's PPI miss are supportive, yet the metal keeps failing under 59.00 and remains trapped in its descending channel. RSI(14) has lifted off its lows but stays sub-50, consistent with the corrective bounce rather than a trend shift.
Support: 56.61, 55.63
Resistance: 58.20, 58.63, 59.00
What it said to watch
H1 close above 58.63 then 59.00 would challenge the downtrend structure
Failure to hold 56.61 confirms a lower-low and opens 55.63
US Retail Sales Thu 12:30 GMT could materially shift this read
17:04 UTC
Downtrend, accelerating · RSI 31 · price 56.972
Lower highs, lower lows; week range broken down.
Silver broke this week's range to the downside through the NY session, printing 56.608 and closing near lows after supply capped the 58.63 area. Softer US CPI and PPI cushioned the metal earlier but Iran-driven oil and a hawkish-Fed lid kept rallies offered, keeping structure inside the descending channel. Price trades well below EMA(20) and EMA(50) with RSI(14) pressing into oversold.
Support: 56.608, 55.63
Resistance: 57.64, 58.63
What it said to watch
H1 close back above 57.64 would ease the downside break
Break of 56.608 session low opens 55.63 7-mo low
US Retail Sales Thu 12:30 GMT could materially shift this read
Silver rolled over hard through the NY session, breaking the 58.00 prior-support shelf and printing a fresh lower low near 56.61 despite softer US PPI. The oil-driven, Iran-linked risk-off has capped rebounds all week, keeping price pinned in its descending channel with RSI(14) now stretched into oversold near 31.
Support: 56.608, 55.63
Resistance: 58.00
What it said to watch
A close back above 58.00 prior support would negate the fresh lower low
Sustained break of 56.61 recent low opens the 55.63 7-mo low zone
US Retail Sales Thu 12:30 GMT could materially shift this read
Silver has bled lower since Monday's open, capped repeatedly beneath 59.00 within a descending channel. Tuesday's CPI-driven pop to 59.66 was fully retraced through the NY session, and price is now pressing back toward the week-low cluster near 57.26 with RSI(14) sub-40. Softer PPI today reinforced the disinflation read but Iran-driven oil kept a lid on any rebound.
Support: 57.26, 57.06, 55.63
Resistance: 59.00, 59.66
What it said to watch
H1 close below 57.06 confirms a lower low, opening 55.63
Reclaim of 59.00 rejection area negates the channel read
US Retail Sales Thu 12:30 GMT could materially shift this read
16:03 UTC
Downtrend resuming · RSI 40 · price 57.659
Lower highs, rolling over from 59.00.
Silver has rolled back over into the NY session, fading Tuesday's CPI-driven pop toward 59.64 after repeated rejection into the 59.00 psych area. Price trades below both EMA20 and EMA50 with RSI near 40, and the latest leg has cut through into the 57.44 day low. Softer PPI kept a disinflation bid limited as firmer oil and Iran risk cap rebounds within the descending channel.
Support: 57.44, 57.26
Resistance: 59.00, 59.64
What it said to watch
H1 close back above 59.00 would neutralise the lower-high sequence
Break of the 57.26 week low exposes the 55 support zone
US Retail Sales Thu 12:30 GMT could materially shift this read
15:03 UTC
Downtrend, rebound fading · RSI 44 · price 58.128
Lower highs, lower lows.
Silver dove roughly 4% early week on US-Iran energy-inflation fears, then rebounded to a 59.64 spike as soft CPI and today's PPI miss pressured the dollar. That bounce has stalled at the 59.00 rejection zone, and price has since eased back to 58.13, trading below both EMAs with the bearish channel of lower highs and lower lows intact. RSI(14) sits near 44, reflecting fading upside momentum after the rebound.
Support: 57.78, 57.22
Resistance: 59.00, 59.64
What it said to watch
Loss of 57.78 swing low opens the path toward 57.22 range low
Reclaim and hold above 59.00 rejection zone needed to challenge the downtrend
US Retail Sales Thu 12:30 UTC could materially shift this read
Silver spiked to 59.64 on Tuesday's rebound after soft core CPI (2.6% vs 2.8%) and today's weak PPI knocked the USD, but the 59.00 zone rejected the move and price has since eased back to 58.13, holding below EMA20. Structure keeps its lower-high, lower-low bias with the bearish channel intact; the rebound from 57.06 has stalled and RSI has slipped back toward the mid-40s. Warsh testimony offset the soft-data bid, capping the recovery.
Support: 57.22, 55.63
Resistance: 59.00, 59.64
What it said to watch
H1 close above 59.00 rejection zone would break the sequence of lower highs
Loss of 57.22 channel base accelerates downside toward the 55.63 area
Fed's Warsh testimony (14:00 UTC) could materially shift this read
14:03 UTC
Downtrend within a bearish channel, corrective bounce · RSI 49 · price 58.327
Lower highs, lower lows; range-bound mid-channel.
A whipsaw week: silver dumped from Monday's 60.75 area into the 57.06 low on Iran-driven energy-inflation fears, then a spike back to 59.65 stalled as the 59.00 zone rejected again. Soft US CPI (Tue) and PPI (today) capped the dollar but couldn't push XAG through resistance; price has eased to ~58.33, mid-channel and just under EMA(20). RSI(14) sits neutral around 49 with the lower-high, lower-low structure of the descending channel intact.
Support: 57.06
Resistance: 59.00, 59.65
What it said to watch
Fed Chair Warsh testimony (14:00 UTC) could materially shift this read
H1 close above 59.00 would invalidate the bearish channel
Break below 57.22 accelerates downside toward the week low
Silver dropped roughly 4% from Monday's open toward the 56.86 range floor before a two-day bounce carried it back to ~58.3, tracking the soft US CPI/PPI misses that trimmed Fed-hike bets. The 59.00 zone rejected the recovery this week and the sequence of lower highs keeps the bearish channel intact, with price now easing back below EMA20. RSI(14) is cycling around the mid-line, neither impulse confirmed.
Support: 57.78, 57.06, 56.86
Resistance: 59.00, 59.64
What it said to watch
Fed Chair Warsh testimony (14:00 UTC) could materially shift this read
H1 close above 59.00 breaks the lower-high sequence and opens 59.64
Failure to hold 57.78 reopens the 57.06 / 56.86 week-low cluster
Silver rebounded off the week's 56.86 low into a spike to 59.64 before rejection at the 59.00 handle, and is now consolidating near 58.50 above a rising sequence of higher lows. Soft PPI reinforced the disinflation read and cushioned the bounce, but 59.00 has capped the recovery. RSI(14) is back around the midline after cycling out of oversold.
Support: 58.03, 57.22
Resistance: 59.00, 59.64
What it said to watch
H1 close above 59.00 reopens the 59.64 week high
Loss of 58.03 threatens a retest of the 57.22 week low
Warsh testimony 14:00 UTC could materially shift this read
Descending channel, lower highs since Wednesday spike.
Silver opened near 58.87 Monday, sold off to a 57.06 week low then spiked to 59.64 on Wednesday before being rejected at the 59.00 zone. Since then H1 has printed lower highs inside a descending channel; today's soft US PPI kept the disinflation read alive but couldn't lift price back above 59. Current 58.58 is a recovery off the 57.78 swing low, sitting just under the weekly open and hugging EMA20.
Support: 57.78, 57.06
Resistance: 58.87, 59.00, 59.64
What it said to watch
Warsh testimony 14:00 UTC could materially shift this read
H1 close above 59.00 rejection zone would break the lower-high sequence
Failure to hold 57.78 swing low reopens the 57.06 week low
12:03 UTC
Downtrend, bounce fading · RSI 45 · price 58.161
Lower highs, consolidating sub-59.
Silver's soft-CPI pop to 59.66 mid-week has faded back under 59.00, keeping the descending-channel structure of lower highs intact. Price is consolidating in the 57.9-58.9 band below EMA20 with RSI(14) mid-40s, and the 59.00 psych area has capped every attempt. US PPI is due within the half-hour, a clear catalyst for the next leg.
Support: 57.83, 57.26
Resistance: 59.00, 59.37, 59.66
What it said to watch
US PPI at 12:30 GMT (~30m) is a live catalyst for this range
H1 close above 59.00 challenges the channel resistance and 9-day ema at 59.37
Loss of 57.83 exposes the week low at 57.26
12:03 UTC
Downtrend, bounce fading · RSI 47 · price 58.161
Descending channel, lower highs.
Silver shed over $3 across the week within a descending channel, printing a 57.26 week low before Tuesday's soft US CPI miss powered a spike to 59.64. That bounce faded hard at the 59.00 psych area and price has since drifted back below both EMA20 and EMA50, now consolidating around 58.15 as the USD-weakness impulse stalls against Iran-driven inflation fears. RSI(14) sits mid-40s, offering no bounce follow-through.
Support: 57.83, 57.26
Resistance: 59.00, 59.64
What it said to watch
US PPI at 12:30 UTC (~30m) and Warsh testimony 14:00 UTC could materially shift this read
H1 close above 59.00 psych would challenge the channel of lower highs
Break of 57.83 swing low exposes the 57.26 week low
Lower highs into a descending channel; recent range 57.90–58.55.
Silver stayed in a descending channel this week, losing over $3 after Monday's ~4% dive on US-Iran headlines. Tuesday's soft CPI sparked a bounce that stalled and was rejected at the 59.00 area, with price now consolidating sub-58.50 and holding below both EMA20 and EMA50. RSI(14) sits in the low-40s, tracking the drift back toward the 57.26 swing low.
Support: 57.26, 56.86
Resistance: 58.55, 59.00
What it said to watch
US PPI at 12:30 GMT (~1.5h) could materially shift this read
H1 close above 59.00 would challenge the descending channel and lower-highs sequence
Failure to hold 57.26 exposes the 56.86 week low, then the 55.63 area
Silver remains in a descending channel this week, having capped repeatedly below 59.00 — Tuesday's soft-CPI pop to 59.64 was faded and price has since rolled back under both EMAs. The bounce off the 56.86 week low has retraced roughly to the 61.8% level near 57.90 and stalled, with 58.55 prior-range now acting as overhead supply. RSI(14) is back below 45, tracking the renewed slide.
Support: 56.86
Resistance: 58.55, 59.00, 59.64
What it said to watch
US PPI at 12:30 GMT (~1.5h) is a HIGH-impact risk that could shift this read
H1 close below 57.22 confirms a lower-low and exposes 56.86
Sustained close above 59.00 would break the channel rejection pattern
Silver has traced lower highs all week within a descending channel; the Tuesday CPI-miss bounce stalled at the 59.00 psych level and a Thursday spike to the 59.64 week high has since been fully retraced. Price now trades back below the EMA20 near 58.55, holding just above the 58.03 session low. Momentum is soft with RSI cycling in the mid-40s.
Support: 58.03, 57.22
Resistance: 58.55, 59.00, 59.64
What it said to watch
Sustained H1 close above 59.00 psych needed to shift the near-term tone
Break of 57.22 support exposes the 55.63 area
US PPI at 12:30 GMT (~2.5h) could materially move this read
10:03 UTC
Downtrend, bounce fading · RSI 46 · price 58.257
Recovery off lows, capped below 59.00.
Silver shed ~4% early in the week and based near the 57.06 area before a soft US CPI print sparked a sharp pop to 59.64 in the NY session. That rally has since faded, with the psych 59.00 area capping and price now grinding sideways between 58.03 and 58.90 below both EMAs. RSI(14) sits in the mid-40s, reflecting the stalled bounce inside the broader descending structure.
Support: 57.98, 57.22
Resistance: 59.00, 59.64
What it said to watch
US PPI at 12:30 GMT (~2.5h) could materially shift this read
H1 close above 59.00 psych invalidates the rejection read and opens the bounce high at 59.64
Loss of the 57.98 recent low re-exposes 57.22 support
Silver bled to the 57.22 channel support early in the week before a ~2% relief bounce on the soft June CPI print spiked price to 59.64. That move has since faded: price eased back below EMA20 near 58.60 and is drifting on the 58.00 psych level, keeping the lower-high structure and descending channel intact.
Support: 58.00, 57.22
Resistance: 58.60, 59.05, 59.64
What it said to watch
US PPI at 12:30 GMT could materially shift this read
A close below 58.00 opens the 57.22 channel support
Reclaim of 59.05 prior high would challenge the lower-high sequence
Range-bound, lower highs capping after relief bounce.
Silver gapped lower into Monday's open and bled to the 57.06 week low before the soft June CPI print sparked a ~2% relief bounce that spiked to 59.64. That pop has since been sold back below 59.00, and price now consolidates around 58.40 just under EMA(20) with RSI(14) hovering near 46. Lower highs since the spike keep the recovery contained.
Support: 57.22, 57.06
Resistance: 59.00, 59.64
What it said to watch
US PPI at 12:30 GMT could materially shift this read
Close above 59.00 opens the path to the 59.64 spike high
Silver gapped lower over the weekend and slid to a 56.86 week low before the soft US CPI print sparked a short-covering spike to 59.64 into Tuesday's NY session. That bounce has faded steadily through the overnight into Wednesday's Asia session, with price back at 58.11 and holding above the 57.98 swing low; the 9-day EMA near 59.37 has capped the recovery, keeping the descending structure intact. RSI(14) sits sub-50, consistent with the lower-high sequence.
Support: 57.98, 57.06
Resistance: 59.37, 59.64
What it said to watch
H1 close above 59.37 needed to challenge the bearish structure toward 59.64
Failure to hold 57.98 opens the path to 57.06 week low
US PPI at 12:30 GMT and Warsh testimony 14:00 GMT could materially shift this read
Silver spiked to 59.64 in Tuesday's NY session on soft-CPI relief but rejected there and faded back below 58.50, printing successive lower highs into the Asian session. Price now sits just above 58.00 and beneath both EMA(20) and EMA(50), with RSI(14) in the mid-40s — the relief bounce is unwinding inside the broader descending channel. The 9-day EMA near 59.37 has capped every attempt this week.
Support: 57.53, 57.06, 55.63
Resistance: 59.37, 59.64
What it said to watch
US PPI at 12:30 UTC could materially shift this read
H1 close above 59.37 needed to challenge the bearish structure
Failure to hold 57.53 opens the path toward 57.06 then 55.63
Silver spiked to 59.64 on yesterday's soft US CPI print then faded, now consolidating in the 58.3-58.8 range below EMA(20). RSI(14) has cooled back toward 46 as the relief bounce stalls under the 59.37 cap, with lower highs building since the spike. Price is hovering around EMA(50) as the broader descending channel keeps the bias offered sub-60.
Support: 57.79
Resistance: 58.83, 59.37, 59.64
What it said to watch
US PPI at 12:30 GMT and Warsh testimony 14:00 GMT could materially shift this read
H1 close below 57.79 swing low confirms a lower-low
Reclaim of 59.37 ema cap needed to reopen the 60 area
Silver spent the week under pressure inside a descending channel, sliding from the 60.75 high toward the 56.86 week low before a soft US CPI print sparked a ~2% relief bounce that spiked to 59.64. That rally was faded quickly and price has slipped back below the EMA20 near 58.5, with RSI(14) cycling mid-range and lower highs intact.
Support: 57.06, 55.63
Resistance: 59.37
What it said to watch
US PPI at 12:30 GMT and Warsh testimony at 14:00 GMT could materially shift this read
H1 close above 59.37 challenges the channel top and the sub-60 cap
Break below 57.06 reopens the path to the 55.63 seven-month low
Recovered off week low, consolidating below resistance.
Silver rebounded nearly 2% off the week's $56.85 low after Tuesday's soft US CPI, spiking to $59.66 during NY hours before settling into a $58.13–$59.05 consolidation. Price is hovering around EMA(20) with RSI(14) back near neutral 49, and the broader lower-high structure keeps the $59.05 prior high and the $60 psych cap as levels to watch. The corrective bounce has stalled without reclaiming momentum.
Support: 58.13, 57.26, 56.85
Resistance: 59.05, 59.66
What it said to watch
US PPI at 12:30 GMT and Warsh testimony 14:00 GMT could materially shift this read
Close above 59.05 prior high opens the path toward the $60 psych level
Loss of 58.13 range low exposes the 57.26 week-low zone
Silver spent the week under pressure, sliding toward the 57.22 area before yesterday's soft US CPI print sparked a near-2% relief spike to 59.64. That move was rejected and price has since coiled between 58.13 and 58.80, sitting on the EMA20 with RSI(14) back at neutral near 49 — the descending channel and lower-high sequence remain intact sub-60.
Support: 58.13, 57.22
Resistance: 59.37, 59.64, 60.00
What it said to watch
US PPI at 12:30 GMT and Warsh testimony at 14:00 GMT could materially shift this read
H1 close above 59.37 opens the path to the 60.00 cap
Failure to hold 58.13 exposes the 57.22 week support
Silver ground lower inside a descending channel this week, tagging a 56.86 low before a soft US CPI print sparked a near-2% relief bounce back to 58.50. Price is holding just above EMA(20) with RSI(14) cycling around the midline, but the 59.37 nine-day EMA area and 60 round number capped the rebound and the lower-high sequence is intact.
Support: 57.79, 57.06
Resistance: 59.37
What it said to watch
H1 close above 59.37 would break the sequence of lower highs
Failure to hold 57.79 swing low reopens the 57.06 week low
US PPI at 12:30 GMT and Warsh testimony at 14:00 GMT could materially shift this read
Silver spent the week under pressure, bleeding from Monday's ~58.87 open to a 56.86 week low before the soft US CPI print sparked a ~2% relief bounce that spiked to the 59.64 week high. Price has since faded and is consolidating around 58.53, pinned below the 59.37 EMA cap with RSI back near neutral. The rally has held above the day low at 58.19, keeping the bounce structure intact for now.
Support: 58.19, 56.86
Resistance: 59.37, 59.64, 60.00
What it said to watch
US PPI at 12:30 GMT and Warsh testimony 14:00 GMT could materially shift this read
Close above 59.37 ema cap opens the path back toward 60.00 round
Failure to hold 58.19 day low exposes the 56.86 week low
Silver sold off from Monday's ~58.87 open down to the 56.85 weekly low before a soft US CPI print sparked a near-2% relief spike to 59.65 in the NY session. That impulse has since faded, with price stalling below the 59.37 nine-day EMA and consolidating in the 58.2–58.9 band; the broader lower-high structure remains intact sub-60. Price is hovering just under the H1 EMA20 while holding above EMA50.
Support: 58.19, 57.26, 56.85
Resistance: 59.37, 60.00
What it said to watch
H1 close above 59.37 nine-day ema opens the path to the 60.00 psych cap
Failure to hold 57.26 swing low exposes the 56.85 weekly low
US PPI at 12:30 GMT and Warsh testimony at 14:00 GMT could materially shift this read
Silver has traded a descending channel of lower highs all week, sliding to a 56.86 low before the soft US CPI print sparked a near-2% relief bounce that spiked to 59.64 during the NY session. That rally has since faded back below EMA20, with 59.05 capping the retest and price now consolidating around 58.47. Structure stays bearish sub-59 despite the bounce.
Support: 58.19, 57.53, 56.86
Resistance: 59.05, 59.64
What it said to watch
Hourly close above 59.05 challenges the 59.64 spike high and channel top
Failure to hold 58.19 reopens the 57.53 range low toward 56.86 week low
US PPI at 12:30 GMT could materially shift this read
Silver shed more than $3 this week in a descending channel of lower highs and lower lows, but a soft US CPI print yesterday drove a near-2% relief bounce off the sub-$57 week low back to ~58.53. Price recovered above the H1 EMA(20)/EMA(50) cluster, yet the spike toward 59.66 was rejected and faded back into the mid-58s, keeping the broader downtrend intact. PPI plus Fed's Williams and Warsh testimony later today are the key swing factors.
Support: 58.237, 57.529
Resistance: 59.66, 60.00
What it said to watch
Hourly close above 59.37/60.00 needed to challenge the descending channel read
Failure to hold 58.24 day low re-exposes the 57.53 swing low
US PPI 12:30 GMT and Warsh testimony 14:00 GMT could materially shift this read
Silver fell more than $3 on the week into a $56.86 low as oil-driven inflation and Fed-hike bets weighed, before a soft US CPI print sparked a near-2% relief bounce that spiked to $59.66 during NY hours before fading back to $58.50. Price now sits above the H1 EMU(20) but under the EMA(50), with the sequence of lower highs and the descending channel still intact. RSI(14) has cycled back to the mid-50s off oversold, reflecting the corrective bounce rather than a structural turn.
Support: 56.856
Resistance: 59.66
What it said to watch
H1 close above 59.66 spike high would break the descending channel
Failure to hold 58.00 re-exposes the 56.86 week low
US PPI at 12:30 GMT and Warsh testimony 14:00 GMT could materially shift this read
Silver rallied to 60.75 midweek then rolled over into a sub-57 low, with a weekend gap down cementing the lower-high structure. Yesterday's soft US CPI print sparked a relief bounce to the 59.64 cpi high before fading back to 58.3, now trading below the EMA20. The descending channel keeps capping rallies while RSI cycles mid-range.
Support: 57.79, 56.86
Resistance: 59.64
What it said to watch
H1 close above 59.64 challenges the lower-high structure
Failure to hold 57.79 recent low exposes the 56.86 week low
US PPI + Warsh testimony Wed 12:30 GMT could materially shift this read
Silver spiked from sub-57 to 59.65 on yesterday's soft US CPI miss, then faded back toward 58.3 through the NY session. Price is chopping around 58 below EMA20, with the 59.05 spike-high area capping the relief attempt and the broader lower-high structure intact. RSI(14) has cycled back to neutral after the impulse.
Support: 57.79, 57.06
Resistance: 59.05, 59.65
What it said to watch
H1 close above 59.05 opens the path to the 59.37-59.80 EMA-resistance zone
Failure to hold 57.79 exposes the 57.06 week low
US PPI + Warsh testimony Wed 12:30-14:00 GMT could materially shift this read
Silver snapped higher after yesterday's soft US CPI print, spiking from sub-58 to 59.66 in a single impulse bar before easing into a consolidation between 58.58 and 59.30. Price holds above EMA20 and EMA50 with RSI(14) mid-range near 57, and the recovery is building higher-lows off the 58.47 pullback. The 59.37–59.80 nine-day EMA zone remains the first cap on the CPI-relief bounce, with the weekend gap lower still in play above.
Support: 58.58, 57.79
Resistance: 59.37, 59.66
What it said to watch
Hourly close above 59.37 opens the path to the 59.66 swing high
Failure to hold 58.58 exposes 57.79 swing low
US PPI Wed 12:30 GMT and Warsh testimony could materially shift this read
Silver bounced hard off the week's 56.86 low after the soft US CPI print, with the CPI-driven spike bar tagging 59.64 before easing back. Price has since consolidated the 58.58–59.28 band, holding above EMA20 with RSI cycling mid-range. The 59.28 swing high has capped the recovery; the intact lower-high structure from earlier in the week still sits overhead.
Support: 58.58, 57.80
Resistance: 59.28, 59.64
What it said to watch
Hourly close above 59.28 swing high reopens the 59.64 spike high
Loss of the 58.58 range floor exposes 57.80 prior low
US PPI Wed 12:30 GMT could materially shift this read
Consolidation above 58.60 after CPI spike, broader lower highs intact.
Silver spiked to 59.64 on the soft US CPI print before settling into a tight consolidation above the 58.60 range floor, with RSI(14) cycling in the mid-50s. Price holds above EMA(20) after basing near 56.86 earlier in the week, but the descending lower-high structure into 59.64 still caps the recovery. The 58.80 area (50% retrace of the 60.75–56.86 drop) is the immediate ceiling being tested.
Support: 58.60, 57.22, 56.86
Resistance: 59.64
What it said to watch
H1 close above 59.64 spike high challenges the lower-high structure
Loss of 58.60 range floor reopens the 57.22 key support
US PPI Wed 12:30 GMT could materially shift this read
Higher lows into resistance, broader range intact.
Silver rebounded off the sub-57 lows and spiked to 59.66 on yesterday's soft US CPI print, which eased the hawkish-Fed pressure on metals. Price has since drifted into a tight consolidation around 58.60–58.80, holding above EMA20 with RSI cycling near mid-range. The 59.37–59.80 nine-day EMA zone caps the recovery while the broader lower-high structure stays intact.
Support: 58.467, 57.79, 57.22
Resistance: 59.657, 59.80
What it said to watch
H1 close above 59.80 would negate the 9d ema cap
Failure to hold 58.467 range low exposes 57.79 then 57.22 support
US PPI Wed 12:30 GMT plus Warsh testimony could reset this read