Silver remains in a clean H4 downtrend, printing a fresh YTD low at 54.76 as the week's ~7% slide extended — energy-driven inflation fears keeping Fed-hike risk alive have overridden a softer USD and cooler CPI. Price is now stabilising just above the $55 floor with RSI near 39, and buyers stepped in twice around 54.76-55.00. ATR remains elevated, consistent with an active trend rather than compression.
Support: 55.00, 54.76
Resistance: 56.93
What it said to watch
H4 close below 54.76 confirms a lower-low and opens channel lows
Reclaim of 56.93 needed to challenge the descending structure
S&P Global PMIs on Jul 24 13:45 GMT could materially shift this read
Silver has ground through a persistent H4 down-channel of lower highs and lower lows, printing a fresh YTD low at 54.756 before a modest bounce back to the 55.96 area. The move fits the digest's 'higher-for-longer' rate narrative — energy-driven inflation fears keeping metals pressured despite a softer USD. Price sits below both EMA20 and EMA50 with the $55 floor repeatedly tested; the recovery so far is shallow relative to the decline.
Support: 54.756
Resistance: 58.50
What it said to watch
H4 close below 54.756 confirms channel extension and lower low
Reclaim of 58.50 would break the sequence of lower highs
S&P Global PMIs Jul 24 13:45 GMT could shift the rate read
13:04 UTC
Downtrend, extending lower · RSI 35 · price 55.40
Series of lower highs / lower lows into fresh YTD low.
Silver remains in a clean H4 downtrend, having broken the $55.50-56 support shelf and the $55 psychological floor as oil-driven inflation fears revived Fed hike bets and firmed the USD. Price is now probing the YTD low at 54.77 with ATR expanded, consistent with trend extension rather than compression. Rallies have been sold at successively lower highs, keeping the descending channel intact.
Support: 54.77, 54.39
Resistance: 56.50
What it said to watch
Sustained break of 54.77 ytd low exposes 54.39 then 50.00
Reclaim of the 56.50 prior low would ease the breakdown read
UoM inflation expectations at 14:00 GMT could materially shift this read
Silver remains in a sustained H4 downtrend, sliding from the 67.13 swing high to fresh YTD lows near 54.76 as the oil-driven inflation and revived Fed-hike narrative fed USD strength. The 55.50-56.00 support shelf and the 55.00 psychological floor have both given way, and price sits well below EMA20 and EMA50 with ATR elevated. Sellers have controlled every bounce toward the descending lower-highs line.
Support: 55.00, 54.76, 54.39
Resistance: 56.00
What it said to watch
Sustained break of the 54.76 ytd low exposes 54.39 then 50.00
Reclaim above 56.00 would ease downside pressure and challenge the lower-highs line
UoM inflation expectations at 14:00 GMT could materially shift this read
Silver remains in a well-defined H4 downtrend, carving lower highs and lower lows and now pressing the 55.00 psych floor after a roughly 7% weekly slide from ~$60. The metal sits below both EMA20 and EMA50 with RSI near 34, reflecting the oil-led inflation fears that have re-armed Fed-hike pricing and punished the non-yielding metal. Descending channel intact, with the 58.50 area capping any bounce.
Support: 55.00, 54.39
Resistance: 56.90, 58.50
What it said to watch
H4 close below 55.00 opens the path to the 54.39 prior low
Reclaim of 56.90 would challenge the lower-high sequence
UoM sentiment + inflation expectations at 14:00 UTC could materially shift this read
Sequence of lower highs and lower lows since the 66 peak.
Silver remains in a well-defined H4 downtrend, printing successive lower highs and lower lows off the 66 peak and now pressing the 55.00 floor after a roughly 7% weekly slide. The move reflects oil-led inflation fears reviving Fed-hike bets, keeping price capped well below the EMA20/EMA50 stack near 57.5-59. RSI near 34 shows the leg is stretched but not yet at a bullish divergence.
Support: 55.00, 54.756, 54.39
Resistance: 56.918
What it said to watch
Clean break below 55.00 opens the 54.756 swing low then 54.39
A reclaim of 56.918 would break the run of lower highs
UoM inflation expectations at 14:00 UTC could materially shift this read
Lower highs and lower lows within descending channel.
Silver remains in a grinding downtrend, printing lower highs and lower lows within a descending channel since the early-window slide from $65. Price has now broken the $55.50-$55.63 seven-month support zone — that prior support now caps overhead — and probed a fresh swing low at 54.756, keeping downside momentum the path of least resistance as the soft CPI/PPI relief fully faded. Price trades below both EMA20 and EMA50 with RSI near 35 confirming the bearish tilt.
Support: 54.756, 54.39
Resistance: 55.63
What it said to watch
Michigan Consumer Sentiment + inflation expectations at 14:00 UTC could materially shift this read
H4 close below 54.39 channel low extends the down-leg
Reclaim of 55.63 prior support would neutralise the fresh breakout
Silver remains locked in a descending channel, printing successive lower highs and lower lows off the early-window $65 area down to a fresh sub-$55 low at 54.76. The soft CPI/PPI relief bounce faded fully, and price has now broken beneath the $55.63 seven-month support that had been capping downside, exposing the $54.39 region. RSI near 34 and price below both EMAs confirm the bearish structure is intact.
Support: 54.76, 54.39, 55.00
Resistance: 55.63
What it said to watch
H4 close back above 55.63 would ease the breakout read
Sustained trade below 54.76 exposes 54.39 then 55.00 psych failure
Michigan Consumer Sentiment + inflation expectations 14:00 UTC could shift the read
01:04 UTC
Downtrend, pressing lows · RSI 32 · price 55.567
Lower highs, lower lows in descending channel.
Silver remains locked in a descending channel of lower highs and lower lows, now grinding into the 55.40 seven-month low. The soft June PPI (4.7% vs 5.2%) dovish impulse has been fully faded as energy-driven inflation fears keep the metal heavy, with rebounds toward the 58.50 channel top repeatedly sold. Price sits well below EMA20 and EMA50 with RSI in oversold territory but no divergence yet.
Support: 55.40, 54.39
Resistance: 58.50
What it said to watch
H4 close below 55.40 confirms a lower-low and exposes 54.39
Reclaim of the 58.50 channel top would challenge the descending structure
Michigan Sentiment + inflation expectations 14:00 UTC could shift the Fed-hike read
01:04 UTC
Downtrend, extending · RSI 33 · price 55.567
Lower highs, lower lows in descending channel.
Silver remains locked in a descending channel, printing lower highs and lower lows since the early-month roll-over near 62.75 and now testing the 55.63 seven-month low. The soft June PPI/core PPI misses gave only shallow bounces that sellers faded near 58.50, with energy-driven inflation fears keeping the metal heavy. Price sits below both EMA20 and EMA50 with ATR expanding as the down-leg extends.
Support: 55.32, 54.39
Resistance: 58.50, 62.75
What it said to watch
A sustained break below 55.32 exposes 54.39 next
Michigan sentiment / inflation expectations at 14:00 UTC could shift the read
A reclaim above the 58.50 channel top would question the downtrend