Silver carved a lower high at 71.54 and has since shed roughly 5.7 points, slipping back under the 70.00 pivot as the post-Fed fade extended after the hawkish dot-plot and a hot retail-sales print. ATR(14) near 1400 pips marks an expansion regime, with the move now pressing toward the 64.35 double-bottom base that defined the recovery. Price sits below both the EMA20 and EMA50, consistent with the renewed downside leg.
Support: 64.354, 63.30
Resistance: 70.00, 71.542
What it said to watch
H4 close below 64.35 invalidates the double-bottom and opens 63.30
Reclaim of the 70.00 pivot would ease the breakdown read
S&P Global PMIs (Jun 23) could materially shift this read via the USD
21:05 UTC
Rebound rejected, rolling over · RSI 38 · price 65.767
Lower high at 71.54, retreating.
Silver's recovery off the 61.49 double bottom stalled at 71.54 and has reversed hard, with the latest bars slicing back below the 66.81 prior support after the hawkish Fed dot-plot and a hot US retail-sales print drained the rebound. Price now sits below both EMA20 and EMA50 with the swing low at 64.35 in focus. The fade from 71.54 carved a clear lower high, capping the recovery attempt under the 70.00 pivot.
Support: 64.35, 61.49
Resistance: 66.81, 68.83, 71.54
What it said to watch
Close below 64.35 confirms a lower low and exposes the 61.49 double bottom
Reclaim of 66.81 needed to re-engage the swing area near 68.83
S&P Global PMIs on Jun 23 could materially shift this read
Silver was rejected at the 71.5 swing high and has sliced back through the 69-71 consolidation it held for much of the prior week, with the breakdown leg pressing into the high-65s. The move follows the hawkish-Fed/retail-sales USD repricing that has capped non-yielding metals; ATR(14) is expanding sharply as the sell-off extends. Price now sits below both EMAs and under the 200d sma near 68.59, leaving 65.9 as the immediate floor.
Support: 65.90, 63.80
Resistance: 68.59, 71.50
What it said to watch
Loss of 65.9 swing low exposes the prior low at 63.8
H4 close back above the 200d sma ~68.59 would neutralise the breakdown
S&P Global PMIs (Jun 23) are the next high-impact catalyst and could shift this read
Silver tagged 71.54 to start the week on the US-Iran peace pop, then was sharply rejected, with the hawkish FOMC and a hot retail-sales beat capping the move; price has since unwound the entire rally and is back at 66.21. The bounce has printed a clear lower high versus the prior swing, and the move below the 200d sma at 68.59 leaves price probing the 65.90 swing low. ATR(14) has expanded as the selloff accelerated.
Support: 65.902, 63.797
Resistance: 68.59, 71.542
What it said to watch
H4 close below 65.90 swing low opens the 63.80 range low
Reclaim of the 200d sma at 68.59 would neutralise the lower-high read
S&P Global PMIs Jun 23 13:45 UTC is the next catalyst that could shift this read
13:04 UTC
Rally rejected, rolling over · RSI 39 · price 66.794
Lower high at 71.5, retracing into 50% fib.
Silver was rejected hard from 71.5 in the latest session and has retraced the entire bounce from the 61.5 low, now pressing the 66.81 support shelf — roughly the 50% fib of that swing. The reversal followed the Fed hold and a hawkish dot-plot plus strong US Retail Sales, which capped the metal under the 100-day SMA and the $70 pivot. ATR has expanded sharply on the down candle, with EMA20 and EMA50 both overhead.
Support: 66.81, 63.80
Resistance: 68.59
What it said to watch
H4 close below 66.81 exposes the 63.80 swing low
Reclaim of the 200d sma at 68.59 needed to stabilise the range
US Jobless Claims / Philly Fed today could extend or relieve the USD-driven cap
Lower high at 71.54, breaking back below reclaimed support.
Silver rolled over from the 71.54 swing high, the post-Iran rebound stalling near the 100-day cap and reversing sharply back through the 200d sma at 68.59. Price is now testing support at 66.81 after losing the reclaimed range, with the hawkish Fed dot-plot and a strong US Retail Sales beat reviving the USD bid that's weighing on the metal. ATR(14) near 1400 pips marks clear expansion as the down-leg extends.
Support: 66.81, 63.80
Resistance: 68.59, 71.54
What it said to watch
H4 close below 66.81 opens the path toward 63.80 support
Reclaim of the 200d sma at 68.59 would neutralise the breakdown
US S&P Global PMIs Tue Jun 23 could shift the read
09:04 UTC
Relief rally stalling, rolling over · RSI 45 · price 68.408
Broke below multi-day range, testing 200d sma.
Silver's four-day relief rally off the 61.50 low stalled into 71.54 and reversed hard, with a single H4 bar slicing from 71.30 to 67.93 as the hawkish Fed dots and hot retail sales capped the non-yielder. Price has since steadied around the 200d sma at 68.59 after defending the 66.79 swing low, leaving it pinned below EMA20 and below the broken 69-71.5 range. Momentum has cooled with RSI back near the midline.
Support: 68.59, 66.792, 63.80
Resistance: 70.50, 71.542
What it said to watch
Today 12:30 UTC jobless claims and Philly Fed could materially shift this read
Loss of the 68.59 200d sma exposes the 66.79 swing low and then 63.80 range low
Close back above the 70.50 pivot reopens the path to 71.54 swing high
The relief rally off the $61.50 low stalled at $71.54, where a sharp single-bar rejection drove price back below the 200d SMA at 68.59 and now consolidates near 68.40. Momentum cooled into and after the hawkish FOMC, with ATR(14) still elevated after the impulsive drop. EMA20 has rolled below price while the longer EMA50 sits beneath, leaving structure caught between the reclaimed support shelf and the failed 70.50 pivot.
Support: 66.792, 63.80
Resistance: 68.59, 70.50, 71.542
What it said to watch
Today 12:30 UTC US Jobless Claims / Philly Fed could shift this read
Close back above 68.59 then 70.50 reopens the 72.25 area
Silver staged a near-4% recovery off the early-June lows but the spike to 71.54 failed, collapsing back below 70.50 after the hawkish FOMC dot-plot lift and a hot retail sales beat repriced the Fed. Price is now hovering just above the 200-day SMA at 68.59, the pivot for the reclaim. ATR remains elevated after the 4-point single-bar swing, marking an expansion regime rather than compression.
Support: 68.59, 63.80
Resistance: 70.50, 71.54, 72.25
What it said to watch
H4 close below 68.59 negates the reclaim and opens 63.80
Reclaim and hold above 70.50 exposes 72.25
FOMC press conference / Thu jobless claims could materially shift this read
Silver rebounded sharply off the early-month low at 61.49 but the recovery has stalled below the 70.50 area, with a rejection from 71.54 and a sweep of the 66.79 low after the hawkish FOMC dot-plot revision and hot US retail sales. Price now sits between the 200-day SMA at 68.59 and the 70.50 cap, back under EMA20 but holding above EMA50. ATR stays elevated, reflecting the volatility expansion through the latest swing.
Support: 68.59, 66.79, 63.80
Resistance: 70.50, 71.54
What it said to watch
H4 close below 68.59 (200-day SMA) shifts the read back toward 66.79, then 63.80
Close above 70.50 reopens the 71.54 swing high
Powell presser and Thu jobless claims could materially shift this read
Silver's multi-day recovery off the 61.49 low stalled at 71.54 and was sharply rejected, the latest bar wiping out the spike and dragging price back to the 200-day SMA pivot near 68.59 as a hawkish FOMC and a 0.9% retail sales beat repriced the Fed. Structure is now balanced on this 68.59 level after the prior reclaim; ATR(14) has expanded with the rejection candle. Price sits below EMA20 but holds just above EMA50.
Support: 68.59, 66.792, 63.80
Resistance: 70.50, 71.54
What it said to watch
H4 close below 68.59 (200d sma) reopens the path toward 66.79 and 63.80
Reclaim of 70.50 puts the 71.54 swing high back in play
FOMC press conference / Powell tone is the immediate swing factor for this read