Silver rolled over hard from the $71.5 swing high, shedding ~10% as the hawkish Fed dot-plot and a stronger USD reasserted the bearish trend; price trades below both EMA20 and EMA50 with ATR(14) expanding through the decline. The $65.77 pivot has flipped to resistance and price is now probing the $63.3 swing-low zone, with $61.50 the cited downside magnet. Bounces have repeatedly been capped at the descending lower-high line.
Support: 63.288, 61.50
Resistance: 65.77
What it said to watch
Sustained H4 close below 63.32 exposes the 61.50 target
Reclaim of 65.77 pivot would relieve the immediate downside pressure
S&P Global PMIs Tue 13:45 UTC (HIGH) could materially shift this read
21:04 UTC
Downtrend resuming · RSI 38 · price 64.803
Lower highs, bounce failed below 70.
Silver round-tripped from above $71 back to ~$65 after the hawkish Fed dot-plot and a stronger dollar reignited downside; the rebound stalled at $71.54 and rolled over into a fresh leg of lower highs. Price now sits below the $65.77 pivot with EMA20 and EMA50 capping overhead, and ATR remains elevated as the move extends. Demand has yet to step in cleanly above the $63.32 swing low.
Support: 63.32, 61.50
Resistance: 65.77, 66.81
What it said to watch
Sustained break below 65.77 exposes 63.32 then the 61.50 target
H4 close back above 66.81 would neutralise the lower-high structure
S&P Global PMIs (Tue 13:45 UTC) could materially shift this read