Every read JAFX AI made on the XAG/USD daily chart that day, newest first: trend, structure, the levels it marked and what it said to watch.
21:04 UTC
Downtrend, oversold · RSI 34 · price 64.931
Lower highs, lower lows since late-Feb peak.
Multi-month downtrend: silver topped near 96 in late February and has carved a steady lower-high, lower-low chain since, accelerating after the June 17 hawkish FOMC cracked the 200-day SMA around 69. Price is now pressing 7-month lows near 63 with RSI oversold around 34, and rallies have been capped at the 9-day EMA near 66.31. Persistent ETF outflows and rising real yields keep the structural backdrop heavy below the broken 69 SMA.
Support: 61.06, 60.00
Resistance: 66.31, 69.11
What it said to watch
- Daily close below 61.06 ytd low exposes 60.00 psych then 54.39
- Reclaim of 66.31 (9d ema) needed to challenge the broken 200d sma at 69.11
- Core PCE Thu Jun 25 12:30 UTC could materially shift this read
21:04 UTC
Downtrend, oversold but no reversal · RSI 38 · price 64.931
Lower highs / lower lows since June.
Silver has been in a steady downtrend since the late-February peak near 96.37, accelerating after the June 17 hawkish FOMC broke price below the 200-day SMA around 69.11. Price now presses 7-month lows near 64.93 with the ytd low cluster at 61.06 the next major reference; RSI sits oversold in the high-30s but shows no reversal signal yet. Bounces have been capped near the 9-day EMA around 66.31, keeping the lower-high sequence intact.
Support: 61.06, 60.00, 54.39
Resistance: 66.31, 69.11
What it said to watch
- Clean D1 close below 61.06 exposes 60.00 then 54.39
- Reclaim of 69.11 (200-day sma) would challenge the downtrend read
- Core PCE Thu Jun 25 is the key catalyst — a hot print pressures support, a soft print risks an oversold-relief squeeze toward 66.31