Silver has bled steadily lower all week within a descending channel, rolling over from the 59.66 spike and pressing the 55.32 seven-month low area as oil-led inflation fears offset the soft CPI/PPI prints. Price is pinned below EMA20 and EMA50 with RSI(14) parked in the low-30s; the last several hours show tight consolidation between 55.32 and 55.73 just above the lows. Rebounds toward the channel top near 56.50-56.81 have been sold.
Support: 55.32, 54.39
Resistance: 56.50, 56.81
What it said to watch
H1 close below 55.32 confirms a lower-low and exposes 54.39
Reclaim of 56.50 needed to challenge the channel top
Michigan sentiment / inflation expectations Fri 14:00 UTC could materially shift this read
Silver has bled lower all week from near 59.87, sliding inside a clean descending channel to a fresh seven-month low around 55.32 as energy-driven inflation fears and revived Fed-hike talk offset soft CPI/PPI. Price is now pinned just above the 55.32 swing low with RSI(14) in oversold territory and stabilising into the Asia session. Rebounds toward 56.70 and the channel top near 58.50 have been sold repeatedly through the London and NY sessions.
Support: 55.32, 54.39
Resistance: 55.86, 56.72, 58.50
What it said to watch
H1 close below 55.32 confirms the lower-low and exposes 54.39
Reclaim of 55.86 would ease the immediate downside pressure
Michigan Sentiment / UoM inflation expectations Fri 14:00 UTC could materially shift this read
22:03 UTC
Downtrend, extended into support · RSI 29 · price 55.507
Descending channel, lower highs and lower lows.
Silver has rolled over inside a descending channel all week, sliding from Tuesday's ~59.66 bounce high to press the 55.50-55.63 seven-month low, with RSI(14) now oversold near 29. The metal keeps getting sold on rebounds — the move down accelerated through the NY session as US-Iran oil fears revived inflation concerns, offsetting soft PPI. Price sits below both EMA(20) and EMA(50), and each pullback into 56.80 has been rejected.
Support: 55.32, 54.39
Resistance: 56.29, 56.80, 58.50
What it said to watch
Sustained H1 close below 55.32 confirms the lower-low and exposes 54.39
Reclaim of 56.29 lower high would ease the downside pressure toward channel top 58.50
Michigan sentiment / UoM inflation expectations Fri 14:00 UTC could materially shift this read
22:03 UTC
Downtrend, extended lows · RSI 34 · price 55.507
Descending channel, fresh lower lows.
Silver has trended lower all week inside a clean descending channel, sliding from the ~59.65 high early in the window to fresh lows near 55.32 as oil-driven inflation fears and Fed-hike talk overrode soft PPI. Price sits below EMA20 and EMA50 with the 55.63 seven-month floor now broken, and RSI hovering in the low 30s. The late bounce to 55.72 has stalled and failed to reclaim the broken support.
Support: 55.32, 54.39
Resistance: 56.50
What it said to watch
Sustained H1 close below 55.32 exposes 54.39
Reclaim of 56.50 needed to ease channel pressure
Michigan sentiment + inflation expectations Fri 14:00 UTC could shift the read
21:05 UTC
Downtrend, pressing lows · RSI 34 · price 55.507
Lower highs, lower lows in descending channel.
Silver has ground steadily lower all week inside a descending channel, extending its slide into the NY session as US-Iran oil-driven inflation fears offset the soft PPI prints. Price is now probing the 55.32-55.63 seven-month low zone, held below EMA20 and EMA50 with RSI(14) cycling in the low 30s. Every rebound toward the channel top near 58.50 has been sold this week.
Support: 55.32, 55.63, 54.39
Resistance: 56.50, 58.50
What it said to watch
Hourly close below 55.32 confirms the seven-month low break and opens 54.39
Reclaim of 56.50 needed to relieve immediate downside pressure
Michigan Sentiment + UoM inflation expectations Fri 14:00 UTC could materially shift this read
21:05 UTC
Downtrend, testing lows · RSI 33 · price 55.507
Descending channel, lower highs and lower lows.
Silver has ground steadily lower all week inside a descending channel, sliding from ~59.87 at Monday's open to the 55.32 session low as energy-driven inflation fears offset the soft CPI/PPI prints. Price sits below both EMA20 and EMA50 with the seven-month low at 55.63 now broken, and every rebound this week toward 56.70 and the channel top has been sold. RSI(14) sits in the low 30s, pressed against oversold as the tape probes fresh lows.
Support: 55.32, 54.39
Resistance: 56.70
What it said to watch
Sustained break below 55.32 exposes the 54.39 target
H1 close back above 56.70 would challenge the channel structure
Michigan Sentiment + UoM inflation expectations Fri 14:00 UTC could shift this read
20:03 UTC
Downtrend, extended · RSI 32 · price 55.681
Descending channel, fresh lows.
Silver has ground lower all week inside a descending channel, sliding from ~59.65 on Tuesday's spike to a fresh low at 55.32 as oil-driven inflation fears offset soft US CPI/PPI. Price sits below EMA(20) and EMA(50) with RSI(14) around 31, and rebounds toward the 58.50 channel top have been repeatedly sold. The seven-month low zone at 55.50-55.63 has now given way, leaving 54.39 as the next reference.
Support: 55.32, 54.39
Resistance: 56.73, 58.50
What it said to watch
Sustained close back above 56.73 would challenge the channel structure
Hold and reclaim of 55.50-55.63 would negate the fresh lower-low
Michigan Sentiment + inflation expectations Fri 14:00 UTC could materially shift this read
Silver has ground lower all week within a descending channel, printing a fresh seven-month low near 55.63 during NY hours as oil-driven inflation fears offset soft US CPI/PPI. Price sits well below EMA20 and EMA50 with each rebound toward 56.70-57.20 sold, and RSI(14) pinned in oversold territory. The Philly Fed beat and firm retail sales control group reinforced the higher-for-longer read weighing on the metal.
Silver has ground lower all week inside a descending channel, sliding from Monday's ~59.95 open to a fresh sub-56 print and breaking the 55.63 seven-month low into the NY session. Price sits well below EMA20/EMA50 with RSI(14) pressed toward oversold as oil and US-Iran inflation fears keep the metal heavy despite soft US PPI. Rebounds toward the 56.50-56.81 zone have been sold each attempt.
Support: 55.32, 54.39
Resistance: 56.50, 56.81, 58.50
What it said to watch
H1 close below 55.32 exposes 54.39
Reclaim of 56.50 needed to challenge channel top near 58.50
Michigan Sentiment + inflation expectations Fri 14:00 UTC could shift the read
Series of lower highs and lower lows in a descending channel.
Silver has trended steadily lower all week, sliding from the 59.65 area to fresh session lows at 55.32 as US-Iran oil-inflation fears offset the soft June PPI print. Price is now pinned at the seven-month low zone near 55.50 with RSI(14) around 31, well below both EMAs, and rebounds toward 56.30-56.80 have repeatedly been sold. Lower highs remain intact and the descending channel is still respected.
Support: 55.32, 54.39
Resistance: 56.29, 56.80
What it said to watch
H1 close below 55.32 confirms a lower low and exposes 54.39
Reclaim of 56.80 needed to ease the channel pressure
Michigan Sentiment + inflation expectations Fri 14:00 UTC could materially shift this read
Silver has trended lower all week from the ~$59.98 open, breaking down through the NY session yesterday to print a fresh seven-month low at 55.40 as oil-driven inflation fears and a hawkish-Fed premium kept the soft CPI/PPI relief bid capped. Price sits pinned just above the 55.63 pivot with RSI(14) in oversold territory, well below EMA20 and EMA50. Each bounce toward the descending channel top ~58.50 has been sold this week.
Support: 55.63, 55.40, 54.39
Resistance: 56.50, 58.50
What it said to watch
Hourly close below 55.40 confirms the lower-low and exposes 54.39
Reclaim of 56.50 would question the immediate downside pressure
UoM sentiment + inflation expectations Fri 14:00 UTC is the key catalyst for this read
Silver has ground lower all week from ~59.87, accelerating through the NY session as renewed US-Iran/Hormuz headlines lifted oil and revived the hawkish-Fed inflation premium; soft June CPI/PPI failed to spark a lasting bounce. Price now sits at 55.72, probing the 55.63 seven-month low with RSI(14) pinned near 34 and price entrenched below EMA20/EMA50. Every bounce toward the descending channel top ~58.50 has been sold this week.
Support: 55.63, 55.40, 54.39
Resistance: 58.50
What it said to watch
Sustained H1 break below 55.63/55.40 opens the path toward 54.39
H1 close back above the channel top ~58.50 would neutralise the downtrend read
Fri 14:00 UTC UoM inflation expectations could materially shift this read
Lower highs and lower lows within descending channel.
Silver has ground lower all week from ~59.87, pressing to a 55.40 low into the NY session yesterday as renewed US-Iran/Hormuz tension lifted oil and revived inflation-premium selling — soft June CPI/PPI failed to hold any bounce. Price sits below EMA20 and EMA50 with RSI(14) hovering near 40 after tagging oversold; the current bounce toward 56 is testing the underside of the broken structure. Sellers have used rallies toward the channel top ~58.50 to re-engage.
Support: 55.63, 55.40, 54.39
Resistance: 57.20, 58.50
What it said to watch
Close below 55.63 seven-month low confirms continuation toward 54.39
Reclaim of 57.20 EMA20 would challenge the descending channel read
UoM inflation expectations Fri 14:00 UTC is the key silver catalyst and could shift this read
Silver has ground lower all week from ~$59.87, printing lower highs into every bounce and rolling over hardest through Thursday's NY session as renewed Strait of Hormuz tension lifted oil and revived inflation fears. Price sits below EMA20 and EMA50 with RSI(14) near 34, holding just above the $55.63 seven-month low after the sweep to 55.40. Soft CPI/PPI failed to spark any durable relief; sellers have re-engaged on each move toward the mid-$57s.
Support: 55.63, 55.40, 54.39
Resistance: 57.66
What it said to watch
H1 close below 55.63 confirms a lower low and exposes 54.39
Reclaim of 57.66 would break the run of lower highs
UoM inflation expectations Fri 14:00 UTC could sharply move silver given the de-anchoring narrative
Lower highs and lower lows within descending channel.
Silver has bled lower all week from Monday's ~59.9 open, with the dominant leg down in yesterday's NY session breaking through 56.50 toward a fresh 55.40 low. Price sits below both EMA20 (~57.8) and EMA50 with RSI(14) around 37, and each bounce toward the channel top and 9-day EMA (~58.5-59.0) has been sold. A shallow bounce off 55.40 into today, but sellers remain in control as oil-driven inflation risk keeps the Fed premium alive.
Support: 55.63, 55.40, 54.39
Resistance: 57.80
What it said to watch
Break below 55.40 / 55.63 7-mo low exposes 54.39
H1 close above 57.80 ema20 challenges the downtrend read
Silver has bled lower since Monday's ~60.00 open, printing a fresh week low at 55.40 as Middle East-driven inflation fears kept a hawkish-Fed premium alive despite cooler CPI/PPI. Price sits below both EMA20 and EMA50 with each rally into the descending channel resistance being sold. A shallow bounce off 55.40 into the current bar has lifted price toward 56.25, but the 57.00 bounce high and prior high at 57.65 have capped attempts this week.
Support: 55.40, 55.00
Resistance: 57.00, 57.65
What it said to watch
H1 close below 55.40 confirms a lower-low and exposes the 55.00 psych level
Reclaim of 57.00 bounce high would challenge the lower-high structure
UoM inflation expectations Fri 14:00 UTC is the key catalyst into the weekend
15:03 UTC
Downtrend, accelerating · RSI 38 · price 56.12
Lower highs / lower lows in a descending channel.
Silver has extended a second day of losses, sliding from Friday's 59.87 area into fresh lows at 55.40 as renewed Iran/Hormuz oil risk revived hawkish-Fed pricing and soft PPI failed to lift the metal. Price is trading well below EMA20 and EMA50 inside a descending channel, having broken the 56.80 prior low during the NY session; a small bounce back to 56.12 followed the sweep of 55.40. RSI(14) sits near 38 without confirmed divergence, keeping the bearish structure intact.
Support: 55.63, 55.40, 55.00
Resistance: 56.80, 58.50
What it said to watch
Break below 55.63 seven-month low opens 55.00 then 54.39
Hourly close back above 58.50 channel top would invalidate the downtrend read
UoM Michigan sentiment + inflation expectations Friday 14:00 GMT could materially shift this read
15:03 UTC
Downtrend, accelerating · RSI 32 · price 56.12
Lower highs and lower lows within descending channel.
Silver extended a second day of losses through the NY session, printing a fresh low at 55.40 before closing near 56.12, having been rejected below the descending-channel top around 58.50 earlier in the week. Soft PPI failed to lift the metal as elevated oil and firm-USD tone kept sellers in control. RSI(14) sits near oversold with price well below EMA20 and EMA50.
Support: 55.63, 55.40, 55.00
Resistance: 58.50
What it said to watch
H1 close below 55.63 seven-month low opens 55.00 then 54.39
Reclaim of the 58.50 channel top would invalidate the bearish structure
Michigan sentiment + inflation expectations Fri 14:00 GMT could shift this read
Lower highs and lower lows within descending channel.
Silver has ground steadily lower all week inside a descending channel, the decline accelerating through the NY session as strong US data (Philly Fed 41.4 vs 13) reinforced hawkish-Fed pricing and capped the metal. Price sits below EMA20/EMA50 with RSI(14) pinned near 31, and the latest bar swept the 55.40 session low before closing at 55.857 near the seven-month floor. The channel top around 58.50 remains the immediate ceiling on any rebound.
Support: 55.40, 54.39
Resistance: 57.30, 58.50
What it said to watch
H1 close below 55.40 opens the path toward the 54.39 downside tgt
Reclaim of the 57.30 ema20 would challenge the channel structure
Fed speakers (Logan, Schmid, Jefferson) today could shift the read
Lower highs and lower lows in a descending channel.
Silver has bled from Friday's ~59.87 close to fresh seven-month lows near 55.40, extending a descending channel with each rebound capped below the prior swing. The latest leg down accelerated through the NY session as strong US data (Philly Fed 41.4 vs 13) revived hawkish-Fed pricing, overwhelming a soft dollar. Price sits well below EMA20 and EMA50 with RSI(14) pinned in the low 30s, showing no bullish divergence yet at the lows.
Support: 55.40, 54.39
Resistance: 57.00
What it said to watch
Decisive H1 close below 55.40 / 55.63 opens the path to 54.39
Reclaim of 57.00 prior support would ease the immediate downside pressure
Fed speakers (Logan, Schmid, Jefferson) today could shift this read
13:04 UTC
Downtrend, accelerating · RSI 30 · price 55.703
Lower highs and lower lows within descending channel.
Silver extended its slide for a second day, dropping from ~58.80 to press the 55.63 seven-month low into the NY session, with price locked below EMA(20) and EMA(50) the entire week. Softer US PPI and a weaker dollar failed to support the metal — oil-led inflation risk and a hawkish Fed read kept sellers in control. RSI(14) near 30 shows deepening downside momentum but is approaching stretched territory as the 55.63 floor comes into range.
Support: 55.63, 54.39
Resistance: 56.80
What it said to watch
Hourly close below 55.63 confirms a lower-low and opens 54.39
Reclaim of 56.80 would be the first sign the channel is stalling
US Retail Sales and Fed speakers (Logan, Schmid) today could shift the read
13:04 UTC
Downtrend, extending · RSI 31 · price 55.703
Series of lower highs and lower lows in a descending channel.
Silver extended a second-day decline, sliding from ~58.85 into 55.70 within a descending channel, printing fresh lows near the $55.63 seven-month floor. Soft US CPI/PPI failed to lift the metal as oil-driven inflation fears kept sellers active; price sits well below EMA20 and EMA50 with RSI pressed toward oversold. The $56.80 prior swing has capped bounces this week while the channel top near $58.50 remains untested.
Support: 55.63, 54.39
Resistance: 56.80, 58.50
What it said to watch
H1 close below 55.63 confirms a lower-low and opens the path toward 54.39
Reclaim of 56.80 would question the channel breakdown
US Retail Sales / Fed-speak (Logan, Schmid) today could materially shift this read
12:03 UTC
Downtrend, extending · RSI 38 · price 56.697
Series of lower highs and lower lows into 4th day.
Silver has bled steadily since Friday's ~59.90, sliding through a soft US CPI/PPI run that failed to lift the metal as oil and Iran headlines kept the USD supported. Price sits below both EMA(20) and EMA(50) with each NY session marking fresh lower lows, now pressing the 56.40 swing low with RSI(14) sub-40. The 57.20 prior-high area has capped every rebound attempt across the last two sessions.
Support: 56.40, 56.00, 55.50
Resistance: 57.20
What it said to watch
US Retail Sales at 12:30 GMT could materially shift this read
Break below the 55.50-56.00 support zone confirms continuation of the lower-low sequence
H1 close back above 57.20 would break the run of lower highs
11:03 UTC
Downtrend, extended · RSI 35 · price 56.489
Sequence of lower highs and lower lows.
Silver has bled lower all week, sliding from ~59.90 Friday to a fresh low at 56.474, printing clean lower highs and lower lows below both EMA20 and EMA50. Soft June PPI and cooler CPI failed to lift the metal as oil-driven inflation fears and a hawkish-Fed read kept it pressured. Price now presses the 55.50-56.00 support zone flagged in the macro read, with RSI(14) mid-30s but not yet stretched.
Support: 56.00, 55.63
Resistance: 57.28
What it said to watch
Break of the 56.00 support zone exposes the 55.63 7-mo low
H1 close back above 57.28 prior low would break the run of lower highs
US Retail Sales at 12:30 GMT could materially shift this read
Silver has been in a steady 4-day bleed from ~$60 toward $56.50, trading below EMA20 and EMA50 the entire week as oil-driven inflation fears kept the USD supported despite soft CPI/PPI. Fresh lows into the London session took price under 56.60, with RSI(14) pressed toward oversold as sellers dominate each pullback. The $56.00 round number and $55.63 area below are the next monitored supports.
Support: 56.00, 55.63
Resistance: 57.20
What it said to watch
US Retail Sales at 12:30 UTC could materially shift this read
H1 close below 56.00 exposes the 55.63 7-month low
Reclaim of 57.20 prior swing would ease the downside pressure
Silver has bled steadily lower all week, from Monday's ~60 open down to ~56.9, and sits well below EMA20 and EMA50 with RSI(14) pinned in the low-30s. Soft June PPI and CPI failed to lift the metal — oil and Strait of Hormuz headlines are keeping the pressure on. Each bounce into the NY session has been capped by lower highs, most recently rejection near 57.45.
Support: 56.00, 55.63
Resistance: 57.445
What it said to watch
US Retail Sales at 12:30 GMT could materially shift this read
Close below 56.00 support zone opens the path to the 55.63 7mo low
Reclaim of 57.45 prior high would break the lower-high sequence
10:03 UTC
Downtrend, extended · RSI 34 · price 56.892
Lower highs and lower lows, near week low.
Silver has bled steadily since Friday's ~59.90, sliding through a ~4% Monday drop and pressing fresh week lows near 56.55 into today's session, with price capped under EMA(20) and EMA(50) throughout the decline. Soft June CPI/PPI failed to lift the metal as higher oil and Hormuz headlines kept the USD floored but inflation fears intact. RSI(14) sits near oversold around 34, and the 55.50-56.00 support zone is now the closest structural test.
Support: 56.00, 55.63
Resistance: 57.65
What it said to watch
US Retail Sales 12:30 GMT could materially shift this read — a control-group beat pressures XAG toward 56.00
H1 close below 56.55 opens the 55.63 7-month low
Reclaim of 57.65 would break the descending sequence of lower highs
09:04 UTC
Downtrend, extended lower · RSI 42 · price 57.091
Lower highs and lower lows within descending channel.
Silver has ground from ~$60 at Monday's open to $57 in a descending channel, with the hawkish-Fed/higher-oil narrative overpowering soft US PPI. Price sits below both EMA(20) and EMA(50) with RSI(14) cycling in the low 40s; the recent bounce off the 56.56 session low stalled below prior lower highs. The 57.88 swing high has capped attempts, keeping the channel intact.
Support: 56.56, 55.63
Resistance: 57.88
What it said to watch
US Retail Sales at 12:30 UTC today could materially shift this read
H1 close below 56.56 opens the path to the 55.63 seven-month low
Reclaim of 57.88 would challenge the descending channel structure
Lower highs, lower lows within descending channel.
Silver extended a second day of losses toward $57, sliding within a descending channel from Monday's ~$60 open as US-Iran/energy headlines kept the metal offered despite soft US PPI. Price sits below EMA20 (~57.84) and EMA50, with each rally into the falling channel roof capped. The bounce off the 56.557 session low into the close lifted RSI to the low-40s but structure remains lower-high, lower-low.
Support: 56.557, 55.63
Resistance: 57.84
What it said to watch
Loss of 56.557 session low exposes the 55.63 seven-month shelf
H1 close back above the EMA20 (~57.84) would challenge the channel roof
US Retail Sales at 12:30 UTC could materially shift this read
08:03 UTC
Downtrend, fresh lows · RSI 38 · price 56.853
Lower highs, lower lows in descending channel.
Silver has ground lower for a second day, slipping from near 60 at Monday's open toward 56.85 as oil-driven inflation fears overpowered soft US PPI. Price sits well below EMA20 (~57.75) and EMA50 with RSI(14) depressed near 38, and the descending channel has just printed a fresh swing low at 56.61. Rallies into the NY session were capped at successively lower highs, most recently 57.44.
Support: 56.61, 55.63
Resistance: 57.44, 57.75
What it said to watch
US Retail Sales at 12:30 GMT could materially shift this read
Break below 56.61 swing low exposes the 55.63 seven-month low
H1 close back above 57.75 ema20 would challenge the channel
Silver has slid a second day from near $60 toward $57, pinned below the H1 EMA20 (~57.75) inside a descending channel as geopolitics/higher oil kept the metal offered despite soft US PPI. Price is grinding the 56.61 swing low with RSI(14) near oversold; every rally into the EMA20 and 58.84 prior high has been sold this week.
Support: 56.608, 56.00
Resistance: 57.75, 58.84
What it said to watch
H1 close below 56.61 swing low exposes the 56.00 round number and the $55.63 seven-month low
Reclaim of the EMA20 near 57.75 would ease the downtrend read
US Retail Sales at 12:30 UTC could materially shift this read
Silver has trended lower all week from the $60.50 open, sliding under pressure from hawkish Fed repricing and oil-driven inflation risk despite the softer PPI print. The $59.00 rejection two sessions back capped the rebound and price bled into the NY session yesterday to a $56.61 week low before a shallow bounce. Price sits below both EMA(20) and EMA(50) with RSI(14) cycling under 50, keeping the descending structure intact.
Support: 56.61, 55.63
Resistance: 59.00
What it said to watch
US Retail Sales at 12:30 UTC could materially shift this read
Break below 56.61 week low exposes the 55.63 7-mo low
H1 close above 59.00 cap would threaten the channel top
Lower highs into a descending channel, basing near week low.
Silver has trended lower all week, sliding from ~60 to the high-57s as oil-driven Fed hike bets overrode softer US CPI/PPI. The 59.00 area rejected the mid-week rebound and price faded back below EMA20/EMA50, printing a fresh week low at 56.61 before a shallow bounce stalled near 57.85. Price now churns just above 57 with RSI around 41, still in the lower half of its range.
Support: 56.61
Resistance: 57.84, 58.40, 59.00
What it said to watch
US Retail Sales at 12:30 UTC could materially shift this read
Break below 56.61 swing low extends the downtrend
H1 close above 58.40 swing high challenges the descending channel
06:03 UTC
Downtrend, sellers in control · RSI 42 · price 57.235
Descending channel, lower highs and lower lows.
Silver has slid inside a descending channel all week, fading from the $59.00 rejection back toward $57.20 as hawkish Fed bets and Iran-driven oil offset the softer USD after cool CPI/PPI. Price trades below both EMA(20) and EMA(50) with RSI(14) capped under 50 on each bounce; the $56.61 swing low was tested overnight before a shallow recovery. The $57.84–58.39 band is the near resistance capping any pullback.
Support: 56.61, 55.63
Resistance: 57.84, 58.39, 59.00
What it said to watch
US Retail Sales at 12:30 UTC could materially shift this read
Break below 56.61 swing low exposes the 55.63 seven-month low
H1 close above 59.00 psych cap would flip the channel structure
06:03 UTC
Downtrend, sellers in control · RSI 42 · price 57.235
Descending channel, lower highs and lower lows.
Silver has ground lower all week inside a descending channel, sliding from the 59.64 spike to a 56.608 week low before a shallow bounce stalled at 57.88. Price sits back near 57.24, pinned below EMA20 and EMA50 with RSI(14) cycling under 50; the 59.00 cap and 58.63 prior high repeatedly rejected rebound attempts. Hawkish Fed bets and oil-driven inflation risk kept the recovery capped despite softer US PPI.
Support: 56.608
Resistance: 57.88, 58.63, 59.00
What it said to watch
US Retail Sales at 12:30 UTC today could materially shift this read
Descending channel, series of lower highs and lower lows.
Silver has bled lower all week within a descending channel, dropping ~1.9% as a hawkish-Fed regime kept bears in control despite softer USD and PPI. A relief pop into the 58.39 bounce high faded and price rolled back under EMA20/EMA50, printing a fresh swing low at 56.61 before the current tick at 57.09. RSI(14) sits near 41, tracking the lower-high structure with no bullish divergence yet.
Support: 56.61, 55.50
Resistance: 58.39
What it said to watch
US Retail Sales at 12:30 UTC today could materially shift this read
Loss of the 56.61 swing low opens the 55.50 support zone
Reclaim of the 58.39 bounce high needed to break the lower-high chain
Silver has bled lower all week, rolling from Monday's 60.75 high down through the 57-handle and printing 56.60 in yesterday's NY session. A soft-CPI pop to 59.65 was firmly rejected at the 59.00 area and price reversed the entire move, keeping the descending channel intact with price pinned below EMA(20) and EMA(50). RSI(14) sits near 38, deep in the lower half but not yet at a divergence, as bears retain control into US Retail Sales.
Support: 56.608, 56.00, 55.63
Resistance: 57.769, 59.00
What it said to watch
US Retail Sales at 12:30 GMT could materially shift this read
Decisive break of 56.00 line-in-sand opens 55.63 ytd low
H1 close back above 57.77 session high needed to challenge the channel top
Lower highs, lower lows within descending channel.
Silver has bled lower all week, opening near 58.87 after the weekend gap and grinding down through a descending channel; the metal is now pinned near 57.20 with price below both EMA(20) and EMA(50). A soft PPI print produced only shallow bounces — the rally to 58.63 and the retest to 58.39 both rolled over, leaving 57.88 as the nearest cap. RSI(14) sits sub-40 with no bullish divergence as fresh lows print into the 56.85 area.
Support: 56.85, 56.61, 55.63
Resistance: 57.88, 58.63
What it said to watch
Break below 56.61 day low opens the 55.63 ytd low
H1 close back above 57.88 prior high would ease the downtrend read
US Retail Sales 12:30 GMT could materially shift this read
04:03 UTC
Downtrend, momentum firm · RSI 39 · price 57.205
Lower highs and lower lows in descending channel.
Silver has bled lower all week within a descending channel, sitting at 57.20 well below EMA20/50 after the CPI-driven pop to 59.65 was rejected at the 59.00 area and rolled over. The break of the 57.88 prior high on the NY session yesterday drove price into fresh lows at 56.61 before a shallow bounce; RSI(14) near 39 reflects sustained downside pressure without yet reaching an extreme. Hawkish-Fed pricing continues to cap rebounds despite a softer USD.
Support: 56.61, 56.00
Resistance: 57.88, 58.63, 59.00
What it said to watch
US Retail Sales at 12:30 GMT could materially shift this read
Decisive break below 56.00 range floor toward 55.63 accelerates the downtrend
Reclaim of 58.63 swing high needed to challenge the 59.00 rejection area
03:03 UTC
Downtrend, pressing lows · RSI 38 · price 57.114
Lower highs and lower lows, sub-57 break.
Silver has bled lower all week from Monday's 60 area, diving ~4% as US-Iran tensions and firmer oil offset softer US CPI/PPI. Price sits below both EMA(20) and EMA(50) with the 59.00 area capping every relief attempt, and the loss of 57.22 has opened a fresh leg toward the 56.61 swing low. RSI(14) near 37 reflects the downside momentum without yet reaching an extreme.
Support: 56.61, 55.50
Resistance: 59.00
What it said to watch
US Retail Sales Thu 12:30 GMT could materially shift this read
Break below 56.61 exposes the 55.50 seven-month low
H1 close back above 59.00 rejection area needed to challenge the downtrend
03:03 UTC
Downtrend, momentum heavy · RSI 40 · price 57.114
Lower highs, lower lows in descending channel.
Silver stayed pinned below EMA(20) through the week, sliding from ~60 to sub-57 as US-Iran escalation and firmer oil offset the softer US CPI/PPI drag on the dollar. The 59.00 area capped every attempt this week, and Wednesday's NY session broke the prior 57.22 shelf, printing a fresh swing low at 56.608. Price is now consolidating just above that low with RSI(14) around 40, holding the descending channel intact.
Support: 56.608, 55.50
Resistance: 57.68, 59.00
What it said to watch
H1 close below 56.608 confirms a lower-low and exposes 55.50
Reclaim of 57.68 then 59.00 would challenge the descending channel
US Retail Sales Thu 12:30 GMT could materially shift this read
02:03 UTC
Downtrend, pressing lows · RSI 40 · price 57.11
Lower highs into a descending channel.
Silver opened the week near $60 and dumped ~4% into Monday's session as US-Iran tension lifted oil and revived inflation fears; the mid-week bounce stalled below the $59.00 rejection area and rolled over. Price now trades at 57.11, back below EMA20 and EMA50 with RSI(14) around 40, pressing toward the week low. Softer US CPI/PPI dented hawkish Fed bets but the metal failed to capitalise, keeping the descending channel intact.
Support: 56.61, 55.50
Resistance: 59.00
What it said to watch
US Retail Sales today 12:30 GMT could materially shift this read
H1 close below 56.61 confirms a lower-low and exposes 55.50
Reclaim of the 59.00 rejection area needed to threaten the downtrend
Lower highs and lower lows within descending channel.
Silver has bled lower all week, sliding from Monday's ~60 open to sub-57 as US-Iran risk-off and firm oil kept the metal heavy despite softer US inflation prints. The bounce to 58.39 in the prior NY session was rejected and price broke the 57.22 support cluster in this latest leg, printing a fresh lower low with RSI(14) near 36. Trading below both EMA20 and EMA50 keeps the channel structure intact.
Support: 56.61, 55.50
Resistance: 57.75, 58.39
What it said to watch
Break of 56.61 swing low opens the path to 55.50
Reclaim of 57.75 session high needed to challenge the 58.39 lower high
US Retail Sales at 12:30 GMT could materially shift this read
01:04 UTC
Downtrend, capped below 59 · RSI 41 · price 57.50
Lower highs, descending channel.
Silver has trended lower all week, sliding from Monday's ~60.75 high toward the mid-57s, with the 59.00 area rejecting every rebound attempt including yesterday's NY-session spike to 59.64. Soft US CPI and PPI failed to lift the metal as oil-led inflation fear and safe-haven USD demand offset the dollar drag, keeping XAG pinned below EMA(20). RSI(14) sits near 40 with price grinding back toward the 57.22 support cluster.
Support: 57.22, 56.61
Resistance: 59.00
What it said to watch
H1 close below 57.22 exposes 56.61 swing low and the 55.50 zone
Reclaim of 59.00 rejection area needed to challenge the downtrend
US Retail Sales 12:30 UTC could materially shift this read
01:04 UTC
Downtrend, capped below 59 · RSI 43 · price 57.50
Lower highs, descending channel.
Silver has trended lower all week, sliding from Monday's $60.75 high after US-Iran escalation lifted oil, and each bounce has been sold beneath the $59.00 rejection area. Price sits below both EMA(20) and EMA(50) with RSI(14) mid-40s; the NY session drop into 56.61 was partly retraced but sellers capped the recovery near 58.00. Soft US CPI/PPI failed to spark a lasting bid, leaving the descending channel intact.
Support: 57.22, 56.61, 55.50
Resistance: 58.00, 59.00
What it said to watch
H1 close above 59.00 invalidates the lower-highs read
Break below 57.22 support exposes 56.61 swing low then 55.50
US Retail Sales 12:30 GMT could materially shift this read
Silver has bled from ~60.75 early in the week to a 56.608 low, the bulk of the slide coming Monday as US-Iran tensions lifted oil and revived Fed-hike fears; softer US CPI/PPI failed to spark a lasting bounce. Price is now consolidating in a thin Asian-session range around 57.75, capped below EMA(20)/EMA(50) and the 58.388 day high, with the 59.00 area rejecting rallies all week. RSI(14) sits mid-40s after basing off oversold, reflecting stabilisation rather than reversal.
Support: 57.22, 56.608
Resistance: 58.388, 59.00
What it said to watch
US Retail Sales Thu 12:30 UTC could materially shift this read
Break below 57.22 then week low 56.608 opens the path toward 55.50
Reclaim of the 59.00 rejection area needed to question the downtrend
Silver has trended lower since Monday's open, sliding from ~60 to sub-58 as US-Iran tensions and firm oil offset softer US CPI/PPI. Wednesday's NY session swept the week low at 56.608 before buyers lifted it back to 57.9, but the recovery has stalled and price sits below both EMA20 and EMA50. RSI at 44 reflects the flattening, range-bound tone into the weekend.
Support: 57.22, 56.608, 55.50
Resistance: 59.00
What it said to watch
H1 close above 59.00 rejection area would break the descending structure
Loss of 57.22 prior low re-exposes 56.608 week low and 55.50
US Retail Sales Thu 12:30 UTC could materially shift this read