Silver has rallied three straight sessions off Friday's 54.77 YTD low, clearing 57.00 and 59.00 on US-Iran ceasefire hopes and a softer dollar. Price is now consolidating in the upper 58s, capped twice near 59.20 and holding above EMA20; RSI(14) has cooled from overbought as the pace flattens. The 58.24 swing low is the first shelf below, with the 60.00 psychological cap the barrier overhead.
Support: 58.24, 57.55
Resistance: 59.23, 60.00
What it said to watch
Hourly close above 59.23 week high opens the path to the 60.00 psych cap
Failure to hold 58.24 swing low threatens a deeper pullback toward 57.55
S&P Global PMIs Fri 13:45 UTC and Iran ceasefire headlines could shift this read
23:03 UTC
Uptrend, momentum cooling · RSI 56 · price 58.732
Consolidation below week high after impulse.
Silver rebounded off the YTD low near 54.77 through 57.55 and 59.00 on US-Iran ceasefire hopes and a softer dollar, tagging a week high at 59.22. Price has since gone sideways between roughly 58.24 and 59.22, holding above EMA20 and EMA50 while RSand momentum flatten. The 60.00 psych cap remains untested; consolidation is unwinding froth rather than reversing the bounce.
Support: 58.24, 57.55
Resistance: 59.22, 60.00
What it said to watch
Reclaim of 59.22 opens the path to the 60.00 psych cap
Failure to hold 58.24 swing low exposes 57.55 prior high
S&P Global PMIs Fri could shift the USD read and this structure
Silver rallied off Friday's YTD low near 54.77 to a week high at 59.23, a short-cover bounce on US-Iran ceasefire hopes and a softer dollar. Price is now consolidating in the 58.2–59.2 band, holding above EMA20 with RSI cycling in the mid-50s. The 59.23 area has capped the advance while the 58.24 swing low is defining the near-term floor.
Support: 58.24, 57.55
Resistance: 59.23, 60.00
What it said to watch
Reclaim of 59.23 opens the 60.00 psych cap
Failure to hold 58.24 exposes 57.55
S&P Global PMIs Fri and US-Iran ceasefire headlines could shift this read
22:03 UTC
Uptrend, momentum slowing · RSI 58 · price 58.773
Higher highs, consolidating below week high.
Silver has ripped off the $54.77 YTD low through a three-day rebound, clearing $57.55 and $59.00 on US-Iran ceasefire hopes and a softer USD. Price is now consolidating just under the 59.225 week high, holding well above EMA20 with RSI(14) cooling from the highs. The 58.40 swing low has capped the pullback so far; the $60.00 psych level remains the cap forecasters flag.
Support: 58.40, 57.55
Resistance: 59.225, 60.00
What it said to watch
Reclaim of 59.225 week high opens the path to the 60.00 psych level
Loss of 58.40 swing low would signal the rebound stalling toward 57.55
S&P Global flash PMIs Fri could shift USD and this read via the silver channel
Silver has rebounded hard off Friday's $54.77 YTD low, a three-day short-cover bounce on US-Iran ceasefire hopes and a softer USD that ran through $57 and $59 into the NY session. Price tagged a $59.23 week high, then stalled and is now consolidating in a tight 58.42–59.13 band while holding above EMA(20). RSI(14) has cooled from overbought toward the low-60s as the impulse loses pace.
Support: 58.42
Resistance: 59.23, 60.00
What it said to watch
Hourly close above 59.23 reopens the $60.00 psych cap
Loss of 58.42 swing low breaks the higher-low sequence
S&P Global flash PMIs Fri 13:45 UTC could shift USD and this read
Iran ceasefire vs escalation headlines remain the dominant driver
21:05 UTC
Uptrend, momentum slowing · RSI 58 · price 58.773
Consolidating below one-week highs.
Silver has staged a three-day rebound off the YTD low near 54.77, clearing 57.00 and 59.00 on US-Iran ceasefire hopes and a softer dollar. Since the leg up into the NY session it has stalled and is consolidating in a 58.24-59.23 band, with RSI(14) cooling from overbought as price idles above EMA(20). The 59.23 week high and the $60 psychological cap have capped the advance so far.
Support: 58.24, 57.55
Resistance: 59.23, 60.00
What it said to watch
H1 close above 59.23 then 60.00 psych opens further upside
Failure to hold 58.24 swing low exposes 57.55
S&P Global flash PMIs Fri 13:45 UTC could shift USD and this read
Silver has run a sharp three-day rebound off the $54.77 YTD low, lifting through $57.00 and $58.00 on US-Iran ceasefire hopes and a softer dollar. Price is now consolidating in the 58.4–59.2 band, holding above EMA20 with RSI(14) easing back toward 60 after tagging the week high at 59.23. The 59.23 area has capped the latest push; the round $60.00 handle sits just above as the next reference.
Support: 58.24, 57.00
Resistance: 59.23, 60.00
What it said to watch
H1 close above 59.23 opens the path toward the $60.00 psych cap
Loss of the 58.24 swing low signals a deeper pullback toward 57.00
S&P Global PMIs Fri 13:45 UTC could materially shift this read
20:03 UTC
Uptrend, momentum slowing · RSI 57 · price 58.755
Higher highs into consolidation below $59.
Silver has staged a strong three-day rebound off the $54.77 YTD low, tagging a one-week high at 59.225 on US-Iran ceasefire hopes and a softer USD. Price is now consolidating in the high-58s below the $59 area, holding above EMA(20) with RSI(14) cooling from overbought — momentum flattening rather than reversing. The 58.24 swing low is the near-term pivot for the week's rising structure.
Support: 58.236, 57.55
Resistance: 59.225, 60.00
What it said to watch
Close above 59.225 opens the path toward the $60.00 psych cap
Failure to hold 58.24 swing low threatens the week's higher-low sequence, exposing 57.55
S&P Global flash PMIs Fri could shift the USD read and cap the bounce near $60
19:03 UTC
Uptrend, consolidating near highs · RSI 59 · price 58.836
Higher highs and higher lows, stalling below 59.23.
Silver has ripped off Friday's YTD low into the 59.23 week high this week, with the dominant leg firing through the NY session as US-Iran ceasefire hopes softened the USD. Price holds above EMA(20) and EMA(50) and RSI(14) is cycling in the upper-50s, but the last several bars have coiled between 58.24 and 59.23 rather than extending. The $60.00 psych barrier remains the line capping the reversal.
Support: 58.236
Resistance: 59.225, 59.70, 60.00
What it said to watch
Hourly close above 59.23 then 59.70 opens the path toward the 60.00 psych level
Failure to hold the 58.24 swing low confirms a lower-low and softens the uptrend
S&P Global PMIs Fri 13:45 UTC could shift the USD tone and this read
Silver rallied from Monday's YTD low near 54.77 to a week high of 59.23 as US-Iran ceasefire hopes softened the USD. Price now consolidates in the 58.2–59.2 band, holding well above EMA20 with RSI(14) cooling off from the impulse extreme. The $59.23 week high and the $60 psych barrier cap the advance.
Support: 58.24, 57.55, 55.00
Resistance: 59.23, 60.00
What it said to watch
H1 close above 59.23 opens the path toward the 60.00 psych barrier
Failure to hold the 58.24 intraday low exposes 57.55, then the 55.00 week floor
S&P Global PMIs Fri could reprice USD and shift this read
Silver ripped ~4.5% off Friday's YTD low into Tuesday's NY session, printing a one-week high near 59.23 as US-Iran ceasefire hopes softened the USD. Price holds above a rising EMA(20) with the run of higher lows intact, but the last several bars have stalled below 59.23 with the $60.00 psych barrier overhead. RSI(14) has cooled off overbought toward the low-60s on this pause.
Support: 58.236
Resistance: 59.225, 60.00
What it said to watch
H1 close above 59.23 week high opens the path toward $60.00 psych
Failure to hold 58.24 higher low breaks the run of higher lows
S&P Global PMIs Fri could shift the USD read materially
18:03 UTC
Uptrend, momentum slowing · RSI 60 · price 58.724
Higher highs into consolidation below the weekly high.
Silver ripped ~5% off the $56.09 base into the NY session Tuesday, tagging a $59.13 one-week high as US-Iran ceasefire headlines pressured the USD. Price has since stalled in a $58.24–$59.20 range, holding well above EMA(20) and EMA(50) with RSI(14) cooling off the highs into the upper-50s. The $59.13/$60.00 area is capping while pullbacks have found demand at $58.24.
Support: 58.236, 57.554, 56.094
Resistance: 59.134, 60.00
What it said to watch
Hourly close above 59.20 opens the path to the 60.00 psych barrier
Failure to hold 58.24 swing low confirms a lower-low and exposes 57.55
S&P Global PMIs Fri 13:45 UTC could shift the USD tone and cap this rally
Silver rallied ~4.5% off the $54.77 YTD low carved early in the week to test one-week highs at 59.23, driven by US-Iran ceasefire hopes and a softer USD. Price is holding above EMA20 with RSI(14) cycling in the 60s, but the advance has stalled just under the 60.00 barrier and pulled back to 58.77. The 58.24 swing low marks the first higher-low support of the recovery.
Support: 58.24, 57.55
Resistance: 59.23, 60.00
What it said to watch
H1 close above 59.23 opens the path to the 60.00 psych barrier
Failure to hold 58.24 exposes the 57.55 breakout base
S&P Global PMIs Fri could firm the USD and pressure silver back toward 57
Silver has rallied ~4.5% off the $55.5 area since the week's reopen, pressing one-week highs at 59.23 into the NY session yesterday on US-Iran ceasefire hopes and a softer USD. The 60.00 psychological barrier has capped the advance; the pullback to 58.24 held and buyers stepped back in toward 58.77. RSI(14) has cooled from overbought but price holds well above EMA(20) and EMA(50).
Support: 58.24, 57.55, 55.51
Resistance: 59.23, 60.00
What it said to watch
H1 close above 60.00 would ease the broader bearish structure
Loss of 58.24 swing low opens the path back to 57.55 breakout
S&P Global PMIs Fri 13:45 UTC could shift the USD read and cap this bounce
Silver has staged a sharp three-day rebound off the 54.76 YTD low, extending toward one-week highs near 59.20 as USD softness on Iran ceasefire hopes fuelled the short-cover bounce. Price is holding above EMA(20) with RSI cycling in the 55-68 band, and the 58.06 breakout shelf has held as support on the latest pullback. The 60.00 psychological cap remains the level defining the next leg.
Support: 58.06, 57.55
Resistance: 59.225, 60.00
What it said to watch
H1 close above 59.225 week high opens the path to the 60.00 psych cap
Failure to hold 58.06 breakout puts 57.55 back in play
Iran ceasefire headlines are the dominant driver; a stall could fade this rally
Silver has run a sharp three-day rebound off Friday's 54.77 YTD low, driven by USD softness on Iran ceasefire hopes rather than fresh metals demand. Price holds above EMA(20) and EMA(50) with the week high at 59.225 capping the latest push and the 60.00 psychological barrier looming above. RSI(14) is elevated near 62 after the pullback to 58.24 was bought back, keeping the rally intact but stretched.
Support: 58.24, 57.55
Resistance: 59.225, 60.00
What it said to watch
H1 close above 59.225 opens the path to the 60.00 psych cap
Failure to hold 58.24 exposes 57.55
S&P Global PMIs Fri could materially shift this read
Third straight up day, with silver rallying from Friday's YTD low near 54.77 to a 59.22 week high on US-Iran ceasefire hopes and a softer USD. Price is now consolidating in the upper 58s just under that week high, RSI(14) holding in the low-60s after cycling into overbought on the impulse. The $60 psychological barrier that has capped prior rallies remains overhead untested.
Support: 58.42, 57.55
Resistance: 59.225, 60.00
What it said to watch
A close above 59.225 opens the path to the 60.00 psych barrier
Failure to hold 58.42 exposes the 57.55 pivot
S&P flash PMIs Fri Jul 24 13:45 UTC could shift the USD-driven read
15:03 UTC
Uptrend, third up day · RSI 64 · price 58.997
Higher highs and higher lows off week low.
Silver has posted a third straight up day, clearing the $57 pivot and a descending trendline as US-Iran ceasefire hopes softened the USD, running to a week high at $59.22. Price holds well above EMA20, which caught the $58.24 pullback before buyers stepped back in toward $59. RSI(14) sits in the low-60s, momentum firm but not stretched, with the $60 psychological barrier the next area to watch.
Support: 58.236, 57.078
Resistance: 59.225, 60.00
What it said to watch
H1 close above 60.00 psych opens further upside per the ceasefire bull case
Failure to hold the 57.08 pivot would break the higher-low sequence
S&P PMIs Fri could firm the USD and stall the advance near 59-60
3-day bounce off YTD low, capping under trendline.
Silver has clawed back over 3% from the $54.77 YTD low, holding above EMA20 and EMA50 as the oil rally paused on US-Iran truce talk, easing the inflation impulse. Price tagged 59.22 before a rejection dragged it back to 58.42; the descending trendline near 58.50-60.00 remains the cap on this bounce. RSI(14) has cooled from overbought toward the low 60s as the last two bars faded.
Support: 58.00, 57.55
Resistance: 59.22, 60.00
What it said to watch
H1 close above 59.22 opens the 60.00 psych cap
Failure to hold 58.00 (EMA20) risks retrace toward the 57.55 swing low
S&P PMIs Fri could shift the USD/rate read materially
14:03 UTC
Uptrend, momentum slowing into cap · RSI 57 · price 58.495
3-day bounce stalling under trendline.
Silver has run a clean three-day recovery off the 54.76 base, with the dominant leg driven through the NY session yesterday to a 59.22 week high before pulling back. The last bar rejected at 59.0 and closed 58.42, stalling right on the 58.50-60.00 descending trendline the digest flags as the key cap, as the US-Iran truce talk cooled the oil-inflation impulse. Price holds above EMA(20) with RSI(14) cooling from stretched levels but still north of 50.
Support: 57.82, 55.00
Resistance: 59.22, 60.00
What it said to watch
H1 close above 59.22 into 60.00 psych would break the multi-week cap
Failure to hold 57.82 breakout reopens the 55.00 shelf
S&P Global PMIs Fri could firm USD and pressure the metal at the trendline
Silver has staged a three-day rebound off the 54.76 YTD low, clearing the 57.25 descending trend-line and pressing session highs near 59.22 as the oil rally paused on US-Iran de-escalation hopes. Price holds above EMA20 and EMA50 with RSI(14) mid-60s, but the last few bars are stalling just under the 60.00 psychological level. Pullbacks this week have been shallow and bought, keeping the recovery structure intact.
Support: 58.00, 57.25
Resistance: 59.225, 60.00
What it said to watch
H1 close above 59.225 opens the path toward the 60.00 psych level
Loss of 58.00 and a slip back below the 57.25 trendline would negate the breakout
S&P Global PMIs Fri could shift the USD/rate read that drives this move
13:04 UTC
Uptrend, momentum slowing · RSI 64 · price 58.955
Higher highs off YTD low, pressing week high.
Silver has staged a three-day rebound off the $54.77 YTD low, reclaiming $57 and breaking higher through the NY session to print 59.22 — the squeeze tied to the oil rally pausing on US-Iran de-escalation hopes. Price holds well above EMA20 and EMA50, but the last few bars are stalling just under $59.20 with RSI cooling from the highs. Momentum is fading into the week high after a clean run.
Support: 58.66, 57.55, 57.25
Resistance: 59.22
What it said to watch
H1 close above 59.22 opens the path toward the $60 psych level
Failure to hold 58.66 exposes the 57.55 breakout and 57.25 trendline
S&P Global PMIs Fri could materially shift this read via USD/rate repricing
Silver has run a clean three-day recovery off the $54.77 YTD low, up over 3% into the NY session as fading oil gains on US-Iran ceasefire hopes ease the inflation/rate-hike premium. Price broke above the 58.07 shelf and is holding above both EMA20 and EMA50, with 59.22 capping the latest push just under the $60 psychological barrier. Small pullback into the last bars keeps RSI mid-60s rather than stretched.
Support: 58.07, 57.25
Resistance: 59.22, 60.00
What it said to watch
Hourly close above 59.22 opens the path to the 60.00 psych barrier
Failure to hold the 58.07 breakout retest would stall the recovery back toward the 57.25 trendline
S&P Global PMIs Thu and FOMC next week could reset this read via the USD/oil channel
12:03 UTC
Uptrend, extended into consolidation · RSI 65 · price 58.891
Three-day rebound off YTD low, pausing below week high.
Silver has staged a sharp three-day rebound off Friday's YTD low near 54.77, extending above the 58.06 breakout as US-Iran ceasefire hopes cap oil and ease the inflation/rate-hike premium. Price tagged a week high at 59.225 in the NY session before easing into a tight consolidation around 58.85, holding well above both EMAs. RSI(14) is elevated in the mid-60s, reflecting the pace of the recovery rather than a fresh momentum push.
Support: 58.06
Resistance: 59.225, 60.00
What it said to watch
H1 close above 59.225 opens the path toward the 60.00 psych barrier
Loss of 58.06 breakout level would signal the rebound stalling
S&P Global PMIs Thu and FOMC next week could materially shift this read
Oil direction remains the primary driver via the inflation-Fed channel
Silver has staged a three-day rebound off the $54.76 YTD low, surging back above $58 as US-Iran ceasefire hopes capped oil and eased inflation/rate-hike fears. Price cleared the prior $58.06 high in the NY session and printed a week high at 59.22, holding well above EMA20 and EMA50 with RSI(14) elevated near 66. The last bar stalled at 58.80 just under the week high.
Support: 58.06, 57.25
Resistance: 59.22, 60.00
What it said to watch
Sustained close above 59.22 week high opens the path to the 60.00 psych barrier
Loss of 58.06 prior high would signal the breakout is failing
A break back under the 57.25 trendline reopens the rebound's structure
S&P Global PMIs Thu and FOMC next week could materially shift this read
Higher highs off week low, consolidating below high.
Silver rebounded hard into the NY session, +3% off the $54.77 week low as the oil rally stalled on US-Iran ceasefire hopes, tagging 59.22 before stalling. Price is holding above both EMAs with RSI stretched near 66 after the impulse, now consolidating just under the week high. The $60 psychological barrier caps overhead as flagged by the digest.
Support: 58.06, 57.25
Resistance: 59.22, 60.00
What it said to watch
Hourly close above 59.22 opens the path to the 60.00 psych barrier
Failure to hold 58.06 exposes the 57.25 trendline
S&P Global PMIs Thu 13:45 GMT could firm USD and cap the rebound
10:03 UTC
Uptrend, extended · RSI 71 · price 59.065
Three-day rebound off YTD low, higher lows.
Silver has run a clean three-day rebound off Friday's YTD low near 54.76, accelerating through the NY session with a breakout above 58.07 as the oil rally stalled on US-Iran ceasefire hopes, easing the inflation/rate-hike pressure. Price sits above both EMA(20) and EMA(50) with RSI(14) pushed into the low-70s and overbought. Momentum is stretched into the 59.225 session high, with the $60 psych level the next hurdle above.
Support: 58.07, 57.25
Resistance: 59.225
What it said to watch
H1 close above 59.225 opens the path to the $60 psych level
Failure to hold 58.07 breakout would threaten the rebound back toward the 57.25 trendline
S&P Global PMIs Thu 13:45 GMT could firm USD and cap the recovery
Three-day rebound off YTD lows, higher highs and higher lows.
Silver has staged a clean three-day rebound off the 54.77 YTD low, breaking back above the 58.50 shelf as US-Iran ceasefire hopes capped oil and eased the inflation/rate-hike pressure. Price is riding the top of its rising channel with RSI(14) near 71, and the last push into the NY session tagged 59.225 before stalling just under the $60 psych barrier. Higher lows have held on every pullback since the base.
Support: 58.50, 57.25
Resistance: 59.225
What it said to watch
H1 close above 59.225 opens the path to the $60 psych barrier
Failure to hold 58.50 would question the breakout and expose the 57.25 trendline
S&P Global PMIs Thu 13:45 GMT could firm USD/yields and cap the rebound
Oil/US-Iran headlines remain the primary driver via the inflation channel
Silver has run three sessions off the 54.77 YTD low, clearing the ~57.25 descending trend-line and the prior 58.50 cap on a soft-inflation relief bid. Price prints a fresh week high near 59.175 with RSI(14) stretched into the high 60s and holding well above EMA(20). The move is corrective in nature — buyers defended the 55.00 pivot before this leg, and pace has slowed just under the highs into the NY session.
Support: 58.50, 57.55, 55.00
Resistance: 59.175, 60.00
What it said to watch
H1 close above 59.175 opens the 60.00 psych area
Failure to hold 58.50 puts the 57.55 swing back in play
S&P Global PMIs Fri could materially shift this read
Higher highs off YTD low, breakout above prior caps.
Third session of gains off the $54.77 YTD low, with the last two sessions driving a clean impulse through the ~$57.25 descending trend-line and the $58.50 cap into a 59.15 high. Price holds above both EMAs with RSI(14) pushed to overbought as the corrective bounce accelerates, aided by a softer-USD tilt intraday. Momentum is stretched right under the round-number 60.00 cap.
Support: 58.50, 57.25
Resistance: 59.15, 60.00
What it said to watch
Loss of 58.50 would negate the breakout and reopen the 57.25 trend-line
A close above 59.15 keeps the path toward the 60.00 psych level open
S&P Global PMIs Fri 13:45 UTC could materially shift this read
08:04 UTC
Uptrend, overbought and extended · RSI 72 · price 59.06
Corrective bounce breaking prior lower-highs.
Silver's third-day bounce off the $54.77 YTD low has accelerated through the London session, clearing the ~$57.25 descending trend-line and the $58.50 prior cap to print $59.17. RSI(14) near 72 flags overbought as price stretches well above EMA20/50, in line with the corrective-squeeze read from the macro digest. The move is now testing the $59 area with the $60 psychological cap the next hurdle overhead.
Support: 58.50, 57.25
Resistance: 59.17
What it said to watch
H1 close back below 58.50 would negate the breakout and signal a false break
$60 psych cap overhead — area to watch for rejection or extension
S&P Global PMIs Fri could shift the hawkish-Fed narrative driving silver
08:03 UTC
Uptrend, extended into resistance · RSI 75 · price 59.06
Third-day recovery off YTD low, higher-lows intact.
Silver has run a third straight session off the $54.77 YTD low, clearing the $58.50 prior cap into the NY session and printing 59.17 — a breakout beyond the descending trend-line the week had respected. The advance is steep and RSI(14) is stretched above 74, so momentum is extended into 59.17/60.00. Higher-lows have held since the low, keeping the recovery structure intact.
Support: 58.50
Resistance: 59.17, 60.00
What it said to watch
Failure to hold 58.50 would put the breakout back inside the prior range
A close above 60.00 psych opens the next leg higher
S&P Global PMIs Fri could reprice the Fed narrative and shift this read
Silver has recovered from the $54.77 YTD low printed mid-window, grinding higher through a series of higher lows and accelerating into the latest NY session with a clean break above the $58.00 area. RSI(14) is stretched into overbought as price presses the 58.94 session high with the $60 psychological barrier the next cap. The digest frames this leg as short-covering into resistance against a firm USD rather than a trend change.
Support: 58.07
Resistance: 58.94
What it said to watch
Hourly close above $60 psych extends the recovery
Failure to hold the 58.07 breakout base signals the bounce stalling
Fri S&P Global PMIs could shift the USD/rate read and cap silver
Impulsive rally off week's low, breaking prior caps.
Silver has ripped from the 56.09 base into the current session, clearing the 57.25 hurdle and the 58.00 round number to print a fresh week high at 58.94. RSI(14) near 71 shows the move is stretched, and the digest frames this leg as short-covering off the 54.77 YTD low rather than a trend change. Price is well above both EMAs after two impulsive candles.
Support: 58.00, 57.25, 56.09
Resistance: 58.94, 60.00
What it said to watch
A close back below 58.00 would question the breakout and bring 57.25 into focus
Sustained trade above 58.94 opens the path toward the 60.00 psych barrier
Fri S&P Global PMIs could shift the USD read and cap or extend this bounce
Higher lows off the YTD low, testing weekly range top.
Silver has clawed back the entire early-week slide, rallying from the 54.77 YTD low into 58.17 and clearing the 57.25 falling trend-line that capped prior attempts. The advance accelerated through the NY session with a safe-haven bid on US-Iran headlines; RSI(14) near 73 flags an overbought stretch as price presses the 58.50 channel top. Structure is a clean series of higher lows above both EMAs.
Support: 57.25, 56.90
Resistance: 58.50, 58.84
What it said to watch
Sustained close above 58.50 channel top opens 58.84 week high, then 60.00
Loss of 57.25 breakout level negates the reclaim and reopens the 56.90 area
S&P Global PMIs Jul 24 13:45 UTC could materially shift this read
06:03 UTC
Uptrend, momentum extended · RSI 69 · price 58.17
Recovery rally, higher highs since Monday.
Silver has climbed steadily off the 56.09 base built through Monday's Asia range, breaking the 57.55 shelf into the NY session and extending to 58.17 on a safe-haven bid tied to renewed US-Iran headlines. Price is holding well above EMA20 and EMA50 with RSI cycling near 68, and 58.50 channel top is the next overhead marker after clearing the falling trend-line near 57.25. The advance is stretched into resistance after a near-two-dollar run this week.
Support: 57.55, 56.90, 56.09
Resistance: 58.50, 58.84
What it said to watch
H1 close above 58.50 opens the path to the 58.84 prior high
Loss of 57.55 negates the breakout and reopens 56.90
S&P Global PMIs Jul 24 13:45 UTC could materially shift this read
Higher lows off 54.77 base, rallying into overhead supply.
Silver has climbed for a second day off the 54.77 YTD low, buyers defending the $55.00 shelf and driving price back through the $57.25 falling trend-line into the NY session. The move came on the US-Iran safe-haven bid, though firmer USD and oil-led inflation fears cap the structure; RSI(14) near 72 shows the leg stretched. Price sits above both EMA(20) and EMA(50) for the first time this week, with $58.39/$58.73 prior highs the next overhead hurdle.
Support: 57.25, 56.90, 56.09
Resistance: 58.39, 58.73
What it said to watch
Hold above the $57.25 trend-line keeps the recovery intact; a slip back below reopens 56.90 then the 56.09 session low
H1 close above 58.73 week high would extend toward the $60 psych cap
S&P Global PMIs (Jul 24) are the next high-impact catalyst and could reset this read
Higher lows since Friday's YTD low, breaking above trend-line.
Silver has clawed back off Friday's $54.77 YTD low, and since the weekly reopen it printed a run of higher lows through the Asia and NY sessions to 57.88. The push through NY yesterday cleared the $57.25 falling trend-line, which now flips to first support, with RSI(14) pressing into the low-70s as the move extends. Safe-haven bid on US-Iran escalation is cushioning, but the $58.50 channel top and $58.83 week high sit as overhead supply.
Support: 57.25, 56.15
Resistance: 58.50, 58.83
What it said to watch
Failure to hold 57.25 trend-line would reopen the 56.15 consol low
H1 close above 58.50 channel top exposes the 58.83 week high
S&P Global PMIs Jul 24 13:45 UTC could materially shift this read
04:03 UTC
Recovery uptrend this week, off YTD low · RSI 66 · price 57.829
Higher lows since weekend gap, reclaiming trendline hurdle.
Silver has built a steady staircase of higher lows since the weekend gap opened near 55.51, and today's push through the $57.25 trendline hurdle that had capped the rally clears that near-term hurdle with RSI(14) up around 66. Price sits above both EMA(20) and EMA(50), with the advance accelerating into the latest session from the 56.15 base. The move fits the oil-inflation-versus-safe-haven backdrop flagged in the digest, where bounces off the $55.00 area have been treated as corrective.
Support: 57.25, 56.40, 55.51
Resistance: 58.50
What it said to watch
H1 close back below 57.25 would negate the breakout and reopen the pull toward 56.40
Sustained hold above 57.25 opens the path toward the 58.50 cap
S&P Global flash PMIs Fri 13:45 UTC could materially shift this read
04:03 UTC
Recovery, momentum building · RSI 66 · price 57.829
Higher lows off YTD base, breaking week's downtrend.
Silver based twice near the 55.00 psych level after last week's slide to the YTD low, then built a run of higher lows into this week. Price pushed through the $57.25 falling-trendline hurdle during the NY session, printing 57.83 with RSI(14) up near 66 and holding above EMA20 and EMA50. The bounce follows the softer USD read; 58.50 supply and the 59.05 week high are the next caps overhead.
Support: 57.25, 56.40, 55.00
Resistance: 58.50, 59.05
What it said to watch
A pullback into 57.25 would test the broken trendline as support
H1 close above 58.50 opens the path toward the 59.05 wk high
Loss of 56.40 would negate the higher-low sequence
S&P Global PMIs Fri 13:45 GMT could materially shift this read via the hawkish-Fed channel
Silver has built a chain of higher lows since Friday's fresh YTD low at 54.77, extending a second-session bounce that ran to 57.66 through the NY hours. Price sits above EMA20 and EMA50 after clearing the 57.25 falling-wedge trendline noted by the desk, with the latest bar tagging a session high at 57.81. The rebound is oil/Iran safe-haven driven against a still-bearish weekly backdrop, so the 58.50 channel top is the next structural cap.
Support: 56.15, 55.00, 54.77
Resistance: 57.81, 58.50
What it said to watch
H1 close above 58.50 channel top would extend the bounce toward 61.20
Failure to hold 56.15 higher low puts 55.00 psych and 54.77 ytd low back in focus
S&P Global PMIs Fri could shift the read via USD and rate-hike pricing
03:03 UTC
Recovery off YTD low, momentum building · RSI 66 · price 57.661
Higher lows since Friday's base.
Silver has rebuilt a second straight session of gains off Friday's $54.77 YTD low, with a run of higher lows and price now trading above both EMA(20) and EMA(50). The latest NY leg cleared the $57.25 falling-wedge trendline that had capped attempts, driven by Iran safe-haven demand, and RSI(14) has cycled up toward 66. Session high at 57.81 is the immediate cap, with the $58.50 channel top the next hurdle above.
Support: 57.25, 56.40, 55.54
Resistance: 57.81, 58.50
What it said to watch
Hold above 57.25 trendline keeps the recovery structure intact; a close back below reopens 56.40
H1 close above 58.50 channel top would extend the bounce toward the $61.20 area
Failure to hold 55.54 swing low re-exposes the $55.00 floor and 54.77 YTD low
S&P Global PMIs Fri could shift the USD/rate-hike read and this structure
Higher lows since Friday's low, capped near 57.36.
Silver is recovering for a second session off Friday's YTD low near 54.77, with the Iran safe-haven bid supporting the bounce. The post-gap rally stalled at 57.36 and price has since coiled in a 56.1–57.2 band, holding back above EMA20 and EMA50. RSI(14) is cycling mid-range around 55, consistent with a corrective bounce rather than a decisive momentum shift.
Support: 56.15, 54.77
Resistance: 57.36, 58.50
What it said to watch
Hourly close above 57.36 opens the path toward the 58.50 channel top
Failure to hold 56.15 exposes the 55.00 area then the 54.77 YTD low
S&P Global PMIs Fri could materially shift this read via USD/oil
Silver has rebounded a second straight session off the 54.77 YTD low, with twin lows near 54.8 forming a double bottom before the recovery to the 57.36 week high. The move is safe-haven driven on US-Iran tensions; price now sits above the 55.66 weekly open and EMA20/50, but 57.36–57.46 capped the last push and price is idling in the Asia session around 56.88. Overall H1 structure remains lower-highs-dominant from the prior week's slide.
Support: 56.15, 55.51, 54.77
Resistance: 57.36, 57.46, 58.50
What it said to watch
H1 close above 57.46 opens the path to the 58.50 channel top
Failure to hold 56.15 session low exposes 55.51 then the 54.77 ytd low
S&P Global PMIs Fri and ongoing Middle East headlines are the swing catalysts this week
Silver was crushed ~7% into Friday's $54.77 YTD low before a two-session rebound carried price back to 56.87, helped by a US-Iran safe-haven bid. The recovery has reclaimed EMA20 and EMA50 with RSI(14) cycling back toward 57, but the sequence of lower highs from last week's decline remains intact and the week high at 57.35 has capped attempts. Higher-lows off the 54.77 sweep define the current rebound leg.
Support: 56.15, 55.66, 54.77
Resistance: 57.35, 58.50
What it said to watch
A reclaim of the 57.35 week high opens the path toward the 58.50 channel top
Failure to hold 56.15 day low re-exposes 55.66 wk open and the 54.77 ytd low
S&P Global PMIs Fri 13:45 UTC could materially shift this read
Silver has clawed back to ~56.87 for a second straight session after basing at the 54.76 YTD low, with Iran safe-haven demand underpinning the bounce. Price now sits above the H1 EMA(20) and EMA(50), but the broader down-leg from 58.75 still frames this as a recovery within a downtrend. The 57.25 wedge line has capped the last push and remains the near-term ceiling.
Support: 56.15, 55.74, 55.00
Resistance: 57.25, 58.50
What it said to watch
H1 close above 57.25 opens the path toward the 58.50 channel top
Failure to hold 56.15 exposes 55.74 and the 55.00 psych floor
S&P Global PMIs Fri 13:45 UTC and Iran headlines are the swing catalysts
Double bottom near 54.8, now retracing the bounce.
Silver based twice near the 54.77 YTD low mid-week and rallied to 57.45 into the NY session, supported by US-Iran safe-haven demand, but the last day has drifted into lower highs with price now back below EMA(20) at 56.22. RSI(14) has cooled to the mid-40s as the bounce loses steam, though the 55.00 psych floor still holds. The broader structure remains bearish after this week's ~7% slide.
Support: 55.00, 54.77
Resistance: 57.45, 58.50
What it said to watch
H1 close above 57.45 week high opens the 58.50 channel top
Failure to hold 55.00 exposes the 54.77 YTD low then 54.39
S&P Global PMIs Fri could reprice the Fed narrative and shift this read
Silver rebounded off Friday's 54.77 YTD low, rallying through the weekend gap to a 57.46 week high before fading back to 56.22 and slipping under EMA(20). RSI(14) has cooled to the mid-40s as the two-session bounce loses steam, with the 56.99 swing high capping the latest push. Structure across the window remains dominated by last week's ~7% slide.
Support: 55.66, 55.00, 54.77
Resistance: 56.99, 57.46
What it said to watch
H1 close above 57.46 week high would extend the bounce and negate the fade
Loss of 55.66 week open opens 55.00 psych then the 54.77 ytd low
S&P Global PMIs Fri 13:45 UTC could materially shift this read