Lower highs; rally capped, rolling back to weekly open.
Silver gapped in near 55.66 at Monday's open and pushed to a 57.36 week high, but the move stalled below the $57.25 falling-wedge hurdle and faded through the NY session back to the weekly open. Price now sits below EMA20 and EMA50 with RSI back near 41, unwinding roughly 60% of this week's bounce. The broader read stays bearish after last week's ~7% slide to the 54.77 YTD low.
Support: 55.60, 54.77
Resistance: 57.36
What it said to watch
Hourly close above 57.36 week high would negate the lower-high sequence
Loss of 55.60 weekly open reopens the 54.77 ytd low
S&P Global PMIs Fri could materially shift this read
23:03 UTC
Corrective bounce fading, rolling over · RSI 43 · price 56.156
Recovery off ytd low capped below 57.25.
Since Monday's open near 55.66 silver rallied to a 57.33 week high on a softer USD before rolling over through the NY session, now back at 56.15 below EMA(20). The $57.25 trendline hurdle capped the advance and price has printed successive lower highs into the pullback, with RSI(14) sliding back below 50. The multi-week structure stays bearish after last week's slide to the 54.76 YTD low.
Support: 55.51, 54.76
Resistance: 57.33, 57.25
What it said to watch
H1 close below 55.51 exposes the 54.76 ytd low
reclaim of EMA20 and 57.25 trendline needed to revive the bounce
S&P Global PMIs Jul 24 13:45 UTC could materially shift this read
Lower highs off $58.8, bounce off YTD low now stalling.
Silver spent the week grinding lower from $58.8 before basing at the $54.77 YTD low, then squeezed higher through Monday's session to tag $57.35 on the softer USD and improved risk tone. That rally capped just under the $57.25 falling trendline, and price has since slipped back below the H1 EMA(20) toward $56.40 as the corrective bounce loses steam. Structure stays lower-high dominated while the $57.25 trendline holds.
Support: 55.00, 54.77
Resistance: 57.25, 58.50
What it said to watch
Reclaim of $57.25 trendline would extend the corrective bounce toward $58.50 cap
Close below $55.00 round number reopens the $54.77 YTD low
S&P Global PMIs Fri could reprice the Fed-hike narrative driving this metal
Rejected near 57.25 after bounce off ytd low, drifting back.
Silver has staged a corrective bounce off Friday's $54.77 YTD low, with this week opening near 55.66 and rallying into the 57.25 trendline hurdle before stalling. The 57.46 week high capped the move and price has since faded back under EMA(20) at ~56.75, with RSI(14) rolling off into the mid-40s. Structure remains lower-timeframe constructive above 55.66 but the broader trend from the $60 rejection is intact.
Support: 55.66, 54.77
Resistance: 56.75, 57.25, 57.46
What it said to watch
Hourly close above 57.25 trendline reopens 57.46 week high
Loss of 55.66 weekly open exposes the 54.77 ytd low
S&P Global PMIs Fri could rebuild rate-hike premium and shift this read
Silver reopened Monday near 55.66 and pushed to 57.33 — a second up-day off Friday's 54.77 YTD low — before rolling back under EMA(20) through the NY session. Price now sits right on the 38.2% fib of the 59.05→54.76 selloff at 56.40, with RSI(14) mid-range and the broader structure still lower. Supply capped the bounce at 57.03/57.33, matching the falling trend line hurdle noted around 57.25.
Support: 55.51, 54.77
Resistance: 57.03, 57.33
What it said to watch
Hourly close below 55.51 swing low reopens the 54.77 ytd low
Reclaim of 57.03 recent cap needed to extend the corrective bounce
S&P Global PMIs Fri 13:45 UTC could reshape the USD/inflation read driving silver
Silver carved a double bottom near the $54.77 YTD low, then staged a corrective rally that peaked at this week's high of 57.46 after the weekend gap. That advance has since faded, with 57.00 capping the last attempts and price now slipping back below EMA20. The rebound reflects a slightly softer USD and improved risk tone, but the oil-driven hawkish-Fed narrative keeps rallies corrective within the broader downtrend.
Support: 55.51, 55.00, 54.77
Resistance: 57.00, 57.46
What it said to watch
H1 close below 55.51 swing low reopens the 55.00 round level and 54.77 ytd low
H1 close above 57.46 week high would extend the corrective rally
S&P Global PMIs Fri could materially shift this read via USD/rate repricing
20:03 UTC
Corrective bounce within downtrend · RSI 46 · price 56.438
Higher lows off ytd double bottom, capped near 57.36.
Silver carved a double bottom at the $54.76 YTD low and rallied through the week's session to 57.36 before rejection, then faded back below EMA20 to 56.44. RSI sits mid-40s with momentum rolling over as the move stalled at the 57.19-57.36 cap. The digest frames this as a corrective bounce, with energy-driven inflation keeping a hawkish Fed narrative pressing on the metal.
Support: 56.36, 55.51, 54.76
Resistance: 57.19, 57.36
What it said to watch
H1 close below the 56.36 swing low would signal the bounce fading toward 55.51
Reclaim of the 57.36 week high needed to extend the corrective rally
S&P Global PMIs Fri could reshape the USD/inflation read and this structure
20:03 UTC
Corrective bounce rolling over · RSI 45 · price 56.438
Lower highs off week high, testing support.
Silver gapped in near 55.66 after the weekend and rallied through Monday's session to 57.45 before rolling over into a sequence of lower highs; the move stays corrective within a still-bearish backdrop off Friday's 54.77 YTD low. Price has slipped back below EMA20 and is now probing the 56.36 session low, with RSI cooling toward the mid-40s. The hawkish-Fed, oil-inflation narrative continues to cap rallies at the 57.25 trend hurdle.
Support: 56.36, 55.51, 54.77
Resistance: 57.25, 57.45
What it said to watch
H1 close below 56.36 opens the path back to the 55.51 week low
Reclaim of the 57.25 trend hurdle needed to extend the bounce toward 57.45 week high
S&P Global PMIs Fri could reset the rate-hike premium capping the metal
19:03 UTC
Corrective bounce within downtrend · RSI 46 · price 56.589
Consolidation after rebound off YTD low.
Silver has rebounded from Friday's $54.77 YTD low, with Monday's session driving a leg to 57.46 before stalling — a corrective bounce as a slightly softer USD eased the hawkish-Fed pressure. Price has since coiled in a 56.36–57.18 band, sitting just under EMA20 but holding above EMA50, with RSI(14) cycling mid-range. The 57.18–57.46 zone has capped every attempt since Monday.
Support: 56.36, 55.66, 54.77
Resistance: 57.18, 57.46, 58.50
What it said to watch
H1 close above 57.46 extends the bounce toward the 58.50 supply zone
Loss of 56.36 recent low exposes 55.66 weekly open, then the 54.77 ytd low
S&P Global PMIs Fri 13:45 UTC could reset the USD-driven read
19:03 UTC
Corrective bounce within downtrend · RSI 47 · price 56.589
Range after rebound off ytd low.
Silver has clawed back from Friday's 54.77 ytd low, a two-day corrective bounce that stalled into the 57.33/57.46 prior-high zone across yesterday's NY session. Price has since drifted back to range around 56.5, holding above EMA(50) but slipping under EMA(20) with RSI(14) cooling to the mid-40s. The rebound has printed higher lows off the ytd low, but the corrective character keeps 56.35 session support the near-term pivot.
Support: 56.35, 55.51, 54.77
Resistance: 57.33, 57.46
What it said to watch
H1 close above 57.46 week high opens the path back toward 58.50
Failure to hold 56.35 session low turns focus to 55.51 swing low
S&P Global PMIs Fri could reprice the hawkish-Fed premium capping silver
Consolidating above the YTD low after two up days.
Silver has staged a two-day corrective bounce off the 54.77 YTD low, but the broader H1 sequence is still a downtrend from the 59.6 print early last week. Price is now consolidating in a 56.38–57.45 band with the 57.25 wedge hurdle capping the recovery, in line with a short-covering read after the ~7% weekly drop. Holding just above EMA20 with RSI(14) cycling near the mid-line.
Support: 56.38, 55.50, 54.77
Resistance: 57.25, 57.45
What it said to watch
H1 close above 57.25 wedge opens the path toward the 58.50 channel area
Loss of the 56.38 swing low re-exposes the 55.50 bounce base and the 54.77 YTD low
Oil / Strait of Hormuz headlines remain the direct driver of the inflation-rate narrative
Silver sold off from Monday's 59.30 open into Friday's 54.76 YTD low, then staged a two-day corrective bounce that peaked at 57.46 before stalling. Since the weekend gap price has consolidated 56.36-57.33 through the NY session, hugging the EMA20 with RSI(14) cycling back to neutral. The 57.25/57.33 wedge hurdle flagged in the macro read has capped every push higher this week.
Support: 56.36, 55.51, 54.76
Resistance: 57.33, 57.46, 58.50
What it said to watch
H1 close above 57.35 wedge hurdle opens the path to the 58.50 channel top
Failure to hold 56.36 range low reopens 55.51 swing low and the 54.76 YTD low
S&P Global PMIs Fri Jul 24 13:45 UTC is the key near-term catalyst for this read
Silver has clawed back from Friday's 54.76 YTD low, a second up day that stalled into the 57.33–57.46 zone which capped the Monday session. Price now sits just above a flattening EMA20 with RSI(14) mid-range, keeping the move corrective within the broader downtrend rather than a structural turn. The last three sessions have compressed into a 56.4–57.3 range after the recovery off 54.76.
Support: 56.38, 55.51, 54.76
Resistance: 57.33, 57.46, 58.39
What it said to watch
H1 close above 57.46 week high would extend the recovery toward the 58.39 swing high
Failure to hold 55.51 swing low reopens the 54.76 YTD low
S&P Global PMIs Fri 24 Jul 13:45 UTC could materially shift this read
Silver carved a double bottom near 54.80 into Friday's YTD low and has recovered into Monday's session, now holding 56.87 above both EMAs. The move is corrective within a broader H1 downtrend — a softer USD and easing gold/silver ratio underpin the bounce, but the 57.25 wedge hurdle has capped every push this week. RSI(14) has cycled back to the mid-50s without confirming a fresh higher high.
Support: 55.66, 54.90
Resistance: 57.25
What it said to watch
H1 close above 57.25 wedge hurdle opens the path toward the 58.50 channel top
Failure to hold 55.66 wk open reopens the 54.90 ytd low
S&P Global PMIs Fri 13:45 UTC is the near-term catalyst that could shift this read
Silver is grinding out a second up day off Friday's 54.77 YTD low, printing higher lows through the NY session and reclaiming both H1 EMAs. The bounce remains corrective within the week's broader decline from 59.66 — the 57.25 wedge/trend-line hurdle has twice rejected attempts, with 57.46 marking the bounce high. RSI(14) cycling near 56 reflects the recovery losing steam into that supply band.
Support: 56.40, 55.51, 54.77
Resistance: 57.25, 57.46, 58.50
What it said to watch
H1 close above 57.25 wedge hurdle opens path toward the 58.50 channel top
Loss of the 56.40 swing low breaks the rising-low sequence off Monday's open
S&P Global PMIs Fri 13:45 UTC could firm USD and pressure the bounce back toward 55.51
Second up day off ytd low, capped below wedge hurdle.
Silver is grinding out a second up day off the 54.77 ytd low, now holding above EMA(20) with RSI(14) cycling back to the mid-50s — a corrective bounce within the broader H1 downtrend from 59.65. The move has been aided by an easing gold/silver ratio, but price stalls just under the 57.25 wedge hurdle, which capped attempts near 57.46 in the current session. Structure remains a series of higher lows since the ytd print, but the dominant weekly leg is still lower.
Support: 55.50, 54.77
Resistance: 57.25, 58.50
What it said to watch
H1 close above 57.25 wedge hurdle opens the path to the 58.50 channel top
Failure to hold 55.5 swing low reopens the 54.77 ytd low
S&P Global PMIs Fri could reprice the Fed-hike narrative capping this bounce
Second-day bounce off ytd low, ranging below 57.25.
Silver fell ~7% through the week and printed a YTD low near 54.76 before staging a two-day corrective bounce driven by an easing Gold/Silver ratio. Price has since coiled 56.36–57.46 through the NY session, capped repeatedly at the 57.25 trend hurdle, with RSI(14) recovered to the low-50s. Price is holding above a rising EMA20/EMA50 for now but the broader structure remains lower highs.
Support: 56.36, 55.69, 54.76
Resistance: 57.25, 57.46, 58.50
What it said to watch
H1 close above 57.25 opens the path toward the 58.50 channel top
Loss of 56.36 recent low re-exposes 55.69 and the 54.76 ytd low
S&P Global PMIs Fri could reinstate the hawkish-Fed narrative and cap the bounce
Silver is on a second corrective up-day off Friday's 54.77 YTD low, clawing back above EMA20 with RSI(14) mid-range near 53. The week's dominant move was the slide from 59.64 to 54.77, and the current bounce has stalled just under the 57.25 wedge line — the session high at 57.46 capped the last NY push. Michigan sentiment beating forecast Friday kept the broader hawkish-Fed tone intact, framing the recovery as counter-trend.
Support: 54.77
Resistance: 57.25, 57.46, 58.50
What it said to watch
H1 close above the 57.25 wedge line opens the path toward the 58.50 channel top
Failure to hold the 55.00 floor re-exposes the 54.77 ytd low
S&P Global PMIs Fri could materially shift this read
Silver based at the YTD low near 54.77 late last week and has staged a two-day corrective rebound, reclaiming 57 into Monday's session before stalling at the 57.33-57.46 wedge hurdle. Price now sits just above EMA20 with RSI(14) mid-range near 53, holding a 56.36-57.46 consolidation. The recovery is corrective within a broader bearish week — energy-driven inflation and Fed hike premium have capped rallies.
Support: 56.36, 55.51, 54.77
Resistance: 57.33, 57.46
What it said to watch
H1 close above 57.46 wedge hurdle opens the path toward 58.50
Failure to hold 56.36 exposes 55.51 then the 54.77 YTD low
ADP 4-week avg Tue could inject USD-driven volatility
Silver has staged a two-day corrective rebound off the YTD low near 54.77, reclaiming toward 57 with the broader H1 structure still bearish. Rallies stalled at the 57.35–57.46 wedge hurdle before the pullback to 56.72, where price sits right on EMA20 with RSI cycling mid-range. The move remains short-covering into resistance against a backdrop of oil-driven inflation and hawkish-Fed pricing capping upside.
Support: 55.74, 54.77
Resistance: 57.35, 57.46
What it said to watch
H1 close above 57.35 wedge hurdle opens 57.78 then 58.50
Loss of 55.74 swing low re-exposes the 54.77 ytd low
S&P Global PMIs Fri could reprice Fed hike odds and this bounce
Silver bounced off Friday's YTD low near 54.77 into a second day of gains, trading just below 57.00 after a ~7% weekly rout driven by the oil/Iran inflation impulse and hawkish-Fed tone. Price is holding above EMA(20) with RSI(14) recovered back near 53, but the 57.25 falling trendline has capped the last attempt this session. A weekend gap sits below near 55.9, and the broader structure remains a downtrend with this leg reading as a corrective recovery.
Support: 55.51, 54.77
Resistance: 57.25, 58.50
What it said to watch
Rejection at 57.25 trendline keeps the downtrend intact; an H1 close above 58.50 would ease the downside read
Failure to hold 55.51 swing low re-exposes the 54.77 week low
S&P Global PMIs Fri 13:45 UTC are the week's key catalyst and could shift this read
Silver is grinding a second day of gains off Friday's 54.77 YTD low after a near-7% weekly rout, now cycling just below the 57.25 falling-wedge/trendline pivot. Higher lows have formed since the low and price sits back above EMA20/EMA50, but the 57.46 attempt was rejected and RSI(14) has only recovered to the low-50s. The soft June CPI helped stabilise the metal, though the hawkish-Fed/high-oil narrative keeps capping upside.
Support: 56.40, 55.66, 54.77
Resistance: 57.25, 57.46, 58.50
What it said to watch
H1 close above 57.25 trendline opens the path to 58.50
Failure to hold 56.40 swing low turns focus back to 55.66 week open and 54.77 ytd low
S&P Global PMIs Fri could reinforce the hawkish-Fed cap on this bounce
Silver's bounce off the $54.77 YTD low has extended into a second session, reclaiming EMA(20) and EMA(50) as the corrective move stalls near the 57.46 session high. The week's dominant move stays the near-7% slide into that low on hawkish-Fed/energy-inflation flows, so this rebound reads as corrective against it. Holding the 56.36 session low keeps the recovery intact, while the 58.00 prior swing marks the base of the broader resist zone.
Support: 56.36, 55.51, 54.77
Resistance: 57.46, 58.03, 58.50
What it said to watch
H1 close above 57.46 session high opens the 58.00-58.50 resist zone
Loss of 56.36 session low stalls the bounce toward the 55.51 swing low
S&P Global PMIs Thu could shift this read via the Fed-hike narrative
Higher lows off YTD low, still below week's range top.
Silver has staged a two-day corrective bounce off the $54.77 YTD low, reclaiming the $56 handle and pressing $57.46 into the NY session. RSI(14) has cycled back above 50 and price sits above both EMA20 and EMA50, though the broader weekly structure stays lower after a near-7% slide. The $57.46 session high has capped the latest push, with a small weekend gap higher marking the restart of the bounce.
Support: 55.51, 54.77
Resistance: 57.46, 58.50
What it said to watch
Close above 57.46 session high opens the path to the 58.50 supply zone
Failure to hold 55.51 swing low reopens the 54.77 ytd low
S&P Global PMIs Thu could shift the read via Fed-hike bets
Silver spent the week bleeding from the 59.66 spike high to a fresh YTD low at 54.77 as US-Iran/oil-driven inflation kept the metal capped, but has posted higher lows since. Monday's session drove a corrective bounce through the weekend gap toward 57.35, where two attempts stalled and price has since eased back to 56.88. RSI(14) has recovered to mid-50s and price sits just above EMA20, but the broader H1 structure stays lower-high, lower-low.
Support: 56.36, 54.77
Resistance: 57.35, 58.39
What it said to watch
H1 close above 57.35 opens the path to the 58.39 swing high
Failure to hold the 56.36 swing low breaks the higher-low sequence
Loss of 54.77 ytd low reopens downside toward 54.39
S&P Global PMIs Fri could materially shift this read
Silver dumped nearly 7% this week to a fresh YTD low at 54.77 as US-Iran energy-inflation fears revived hawkish-Fed pricing, then staged a second up-day corrective bounce to 56.88. The move is now consolidating in the high 56s after the bounce high at 57.33 capped, with price holding above EMA20 and EMA50. A bullish RSI divergence built into the 54.77 low, but the broader structure stays lower.
Support: 56.36, 55.51, 54.77
Resistance: 57.33, 58.39
What it said to watch
H1 close above 57.33 opens the path toward the 58.39 prior swing
Failure to hold 56.36 puts the 55.51 swing low back in play
Break below 54.77 ytd low exposes 54.39
S&P Global PMIs Fri could materially shift this read
Silver carved out a double bottom near 54.77 — the YTD low — after a near 7% weekly slide, and has bounced for a second session toward 57. The recovery has held above a rising EMA(20) with higher lows since the base, but the 57.35 bounce high has now capped two attempts. The broader H1 structure stays down; hawkish-Fed and oil-inflation flows keep the rebound corrective.
Support: 56.36, 55.51, 54.77
Resistance: 57.35, 58.39
What it said to watch
Sustained close above 57.35 bounce high would extend the recovery toward the 58.39 prior high
Failure to hold 56.36 swing low reopens 55.51 and the 54.77 ytd low
S&P Global PMIs Fri could materially shift this read
Silver spent the week under pressure, sliding from 59.66 to a fresh YTD low at 54.77 on oil-driven inflation and hawkish-Fed repricing before a corrective bounce lifted price back above EMA(20). The rebound stalled at 57.35 in yesterday's NY session and price has drifted back to 56.9; the broader lower-high structure off the 59.66 peak remains intact. RSI(14) has recovered to mid-range without confirming a momentum shift.
Support: 56.36, 55.50, 54.77
Resistance: 57.35, 58.00
What it said to watch
H1 close above 57.35 challenges the lower-highs sequence and opens 58.00
Failure to hold 56.36 puts 55.50 week low back in play
S&P Global PMIs Fri 13:45 UTC could materially shift this read
Silver is grinding a corrective bounce off the $54.76 YTD low after a heavy sell-off driven by Iran-linked oil/inflation fears and a firmer USD. This week's session broke above the $55-56 congestion and printed higher lows, tagging a week high at 57.35 before pulling back to the 56.36 area; price now sits above EMA20 and EMA50 with RSI mid-range near 56. The weekly open at 55.66 has held and demand has stepped in on each dip.
Support: 56.36, 55.66, 54.76
Resistance: 57.35
What it said to watch
H1 close back below 56.36 pullback low reopens the 55.66 weekly open
Reclaim of the 57.35 week high needed to extend the recovery
Silver based out at the 54.75 YTD low late last week and clawed back through the weekend gap, with Monday's session driving a push to 57.36 before easing to ~56.8. The broader read stays a downtrend — this is a short-covering bounce as soft US CPI/PPI pared some hawkish-Fed bets — but price has reclaimed EMA20 and EMA50 with RSI cycling back to the mid-50s. The 57.36 week high has capped the advance so far.
Support: 55.66, 54.75
Resistance: 57.36, 58.00
What it said to watch
H1 close above 57.36 week high extends the bounce toward 58.00 psych
Failure to hold 55.66 weekly open re-exposes the 54.75 YTD low
S&P Global PMIs Fri could materially shift this read
Silver based near the YTD low at 54.77 and has recovered roughly half of the week's 59.64-to-54.76 slide, now trading around 57.10 back above EMA20. The dominant move remains the multi-session decline as oil-led inflation and rate-hike fears offset the soft CPI print. The recovery has so far stalled at the 57.35 week high into the current session.
Support: 55.50, 54.77
Resistance: 57.35, 58.00
What it said to watch
Reclaim above 57.35 week high opens the path toward the 58.00 prior range
Failure to hold the 55.50 pivot re-exposes the 54.77 ytd low
S&P Global PMIs Fri could materially shift this read for high-beta silver
Silver has clawed back from the fresh YTD low at $54.76 to trade near $57.10, with the recovery accelerating through the NY session and RSI(14) cycling back above 60. The bounce comes despite a broadly bearish multi-week structure — soft US CPI failed to lift the metal earlier in the week as oil-driven inflation fears kept pressure on. Price now sits above both EMA(20) and EMA(50) for the first time since the sell-off, with $57.36 capping the current push.
Support: 56.36, 55.51, 54.76
Resistance: 57.36, 58.39
What it said to watch
Close above 57.36 session high opens the path toward 58.39
Failure to hold 56.36 recent low negates the bounce and re-exposes 55.51
S&P Global PMIs Fri Jul 24 are the week's key catalyst for high-beta silver
Silver tagged a fresh YTD low at 54.77 mid-week as oil-driven inflation fears offset the soft US CPI, then based and rallied through Monday's session to a 57.35 week high before easing back to 56.42. Price holds above EMA(20) with RSI(14) cycling mid-range after the pullback. The 55.50 pivot remains the near-term floor of the recovery.
Support: 55.50, 54.77, 54.39
Resistance: 57.35
What it said to watch
H1 close below 55.50 pivot re-exposes the 54.77 ytd low and 54.39 support
Reclaim of 57.35 week high needed to extend the recovery
S&P Global PMIs (Fri) a key growth cue for high-beta silver
Double bottom off ytd low, pulling back after rejection.
Silver spent the week in a firm downtrend from the 59.65 area to a fresh ytd low at 54.77, where a double bottom formed and sparked a recovery into the NY session yesterday. The bounce stalled at the 57.35 day high before fading back to 56.42, still holding just above EMA20 and EMA50. Metal stayed heavy despite last week's soft CPI as oil-driven inflation fears revived rate-hike bets.
Support: 55.50, 54.77
Resistance: 57.35, 58.00
What it said to watch
Hourly close below 55.50 pivot reopens the 54.77 ytd low
Reclaim of 57.35 day high shifts focus to the 58.00 prior high
S&P Global PMIs Fri are the week's main risk read for high-beta silver
Silver shed nearly 7% this week to a fresh YTD low at 54.77 as energy-led inflation and rate-hike fears overrode safe-haven demand. Since the week reopened price has bounced off the 55.50 zone toward 57.36, where the advance was rejected, and now sits near the 38.2% retrace of the 59.66-to-54.77 decline. RSI(14) has recovered back to the mid-50s but the broader H1 sequence of lower highs remains intact.
Support: 55.51, 54.77
Resistance: 57.36, 58.50
What it said to watch
H1 close above 57.36 extends the recovery toward the 58.50 rejection zone
Failure to hold 55.50 reopens the 54.77 ytd low
S&P Global PMIs (Fri) could materially shift this read
After last week's ~7% slide to a 54.77 YTD low, silver opened this week near 55.66 and rallied through EMA20/50 to a 57.35 bounce high before easing back to 56.5. The double bottom near 54.8 has held and higher lows have formed through the NY session, but the 57.35 cap stalled the advance. Price sits above both EMAs with RSI(14) recovering back through the mid-50s.
Support: 55.66, 55.51, 54.77
Resistance: 57.35, 58.50
What it said to watch
H1 close above 57.35 opens the path toward the 58.50 rejection zone
Failure to hold 55.66 week open reopens 55.51 and the 54.77 ytd low
S&P Global PMIs Fri 13:45 GMT could materially shift this read
Silver bounced off the YTD low near 54.76 after a ~7% weekly slide driven by energy-led inflation and rate-hike fears; the recovery accelerated from Monday's weekly open around 55.74 and has now reclaimed both EMA20 and EMA50 with RSI cycling into the low 60s. The session high at 57.356 capped the advance and price is pulling back but holding above the session low near 56.345. The prior 58.50 rejection zone remains the next overhead hurdle.
Support: 56.345, 55.74, 54.76
Resistance: 57.356, 58.50
What it said to watch
H1 close below the 55.74 weekly open reopens the 54.76 YTD low
Rejection at the 57.35 session high keeps the weekly downtrend structure intact
S&P Global PMIs Fri could materially shift this read via the oil/inflation channel
Silver printed a fresh YTD low at 54.76 midweek — capping a near 7% weekly slide driven by energy-led inflation and rate-hike fears — then based around 55.2–55.5 before Monday's session drove a recovery through the base to 57.36. Price now sits above the H1 EMA20 with RSI cycling back to the high-50s, retracing roughly 44% of the 59.66–54.76 decline. The weekly trend remains lower, but near-term structure has flipped to higher lows.
Support: 55.51, 54.76
Resistance: 57.36, 58.50
What it said to watch
Close above 57.36 session high opens the path toward the 58.50 rejection zone
Failure to hold 55.51 base low risks a retest of the 54.76 ytd low
S&P Global PMIs Fri 13:45 GMT could materially shift this read
04:03 UTC
Downtrend, recovering off lows · RSI 61 · price 57.002
Bounce from YTD low into descending channel.
Silver carved a fresh YTD low near 54.76 mid-week before basing above the 55 floor, and the current NY session has driven a firm recovery back to 57.36 — the week's soft CPI/PPI finally getting some traction against the oil-inflation bid. Price now sits above both EMA20 and EMA50 with RSI cycling into the low 60s, though the move remains inside a broader descending channel. The 57.36 session high has capped the latest push.
Support: 55.50, 54.76
Resistance: 57.36, 58.00
What it said to watch
H1 close above 57.36 opens the path toward 58.0
Failure to hold the 55.5 floor reopens the 54.76 ytd low
S&P Global Flash PMIs (Jul 24) and oil headlines could reshape this read
Silver bottomed at the 54.77 YTD low mid-week — the culmination of a near-7% slide as the oil-driven inflation scare overwhelmed soft US CPI/PPI — and has since carved a double bottom and clawed back above EMA20 and EMA50. This week's recovery is now testing the 57.33 day high, which coincides with the 61.8% retracement of the 58.84-to-54.76 drop; RSI(14) has cycled up near 64. The 55.00 floor and 55.90 weekend open remain the reference base below.
Support: 55.90, 55.00
Resistance: 57.33, 58.00
What it said to watch
H1 close above 57.33 opens the path toward 58.00 prior swing
Failure to hold 55.90 reopens the 55.00 floor and 54.77 YTD low
S&P Global Flash PMIs Jul 24 and oil/Strait-of-Hormuz headlines could materially shift this read
Silver has recovered off Friday's YTD low at 54.76, and price is now stalling near the 50% retracement of the week's 59.66-to-54.76 slide around 57.2. The rally cleared the 56.6 shelf and RSI(14) has cycled up through 60, though the broader window remains a downtrend; soft June CPI/PPI is at odds with oil-driven inflation fear, keeping the tape two-way. Resistance at the 57.33 session high is the immediate cap.
Support: 56.63, 54.76
Resistance: 57.33, 58.39
What it said to watch
H1 close above 57.68 opens the path toward 58.40
Failure to hold the 56.63 breakout retest negates the recovery
S&P Global Flash PMIs (Jul 24) could materially shift this read
Oil / Strait of Hormuz headlines remain the dominant driver
Silver was bludgeoned nearly 7% this week to a fresh YTD low of 54.77 as an oil-driven inflation scare kept Fed-hike bets alive, overwhelming soft US CPI/PPI. Price carved a double bottom near 54.76-54.98 and has since recovered, with the latest bars breaking back above 56.00 and RSI(14) cycling up toward 62. The move now sits above EMA20 and EMA50, with 56.86 the immediate cap after the bounce.
Support: 55.00, 54.77
Resistance: 56.86, 57.65
What it said to watch
H1 close above 56.86 opens the path to the 57.65 swing high
Failure to hold the 55.00 psych floor reopens the 54.77 ytd low
S&P Global Flash PMIs (Jul 24) and oil/Mideast headlines could shift this read
Silver bled nearly 7% through the week to a 54.77 YTD low, then carved a double bottom near the 55.00 psych floor as oil-driven inflation fear overwhelmed soft June CPI/PPI. The Monday session has stabilised with higher lows and price now recovering to 56.67, back above the H1 EMA20 with RSI(14) lifting to ~62. Prior swing supply around 57.20 is the first test of this bounce.
Support: 55.00, 54.77
Resistance: 57.20, 58.00
What it said to watch
H1 close above 57.20 prior swing opens path back toward 58.00
Loss of 55.00 psych floor and break of 54.77 ytd low resumes downside
S&P Global Flash PMIs Jul 24 could materially shift this read
Silver shed nearly 7% this week to a fresh YTD low at $54.77 before basing around the $55 psych floor within a descending channel of lower highs. The latest session has clawed back above EMA20 to a session high of $56.66, with soft CPI/PPI finally getting some traction as price probes EMA50 overhead. Oil-driven inflation fear kept the broader bid capped, so the recovery is corrective against the week's down move for now.
Support: 55.00, 54.77
Resistance: 56.66, 57.15
What it said to watch
Sustained close above 57.15 swing high would break the channel's lower-highs read
Failure to hold the 55.00 psych floor reopens the 54.77 ytd low
S&P Global Flash PMIs Jul 24 13:45 GMT could materially shift this read
01:04 UTC
Downtrend, bounce attempt · RSI 55 · price 56.413
Descending channel off week's high, basing near YTD low.
Silver bled ~7% through the week inside a descending channel, printing a fresh YTD low at 54.77 as the Iran/oil-driven inflation fear overwhelmed soft US CPI and a softer dollar. Price has since stabilised above the 55.00 floor and this session pushed through 56.65 on a strong bar, reclaiming EMA20 for the first time since the slide. Move stalled just under 56.65 into the close, with EMA50 still overhead.
Support: 55.00, 54.77
Resistance: 56.65
What it said to watch
H1 close back below 55.00 floor reopens 54.77 YTD low
Sustained break above 56.65 session high needed to challenge the channel top
S&P Global Flash PMIs Jul 24 and oil/Iran headlines could shift this read
Silver bled ~7% across the week from the 59.66 high into a fresh YTD low at 54.77, with the oil-driven inflation bid overwhelming softer US CPI/PPI and a weaker dollar. Price has since stabilised, bouncing to 56.19 before drifting back toward the 55.00 floor into the weekly reopen. RSI(14) has recovered off oversold to the mid-40s and price sits just under EMA20, with EMA50 capping overhead.
Silver bled roughly 7% through the week, cutting from the 59.65 high to a fresh YTD low of 54.76 as oil-driven inflation fear kept the USD bid and overwhelmed soft June CPI/PPI. Price has since stabilised in a 55.00–56.19 band, with the weekend gap opening lower and last closing at 55.694, back below EMA20. RSI(14) near 46 reflects momentum that has flattened rather than turned.