Downtrend intact; price printed a fresh seven-month low at 55.60 before an oversold bounce that is now probing the 60 psychological zone. The sequence of lower highs from 71.54 keeps structure bearish, with EMA20 and EMA50 stacked above price. The recovery reads as corrective into resistance after a ~10% weekly slide driven by hawkish-Fed repricing and a one-year-high USD.
Support: 55.60
Resistance: 62.37
What it said to watch
H4 close above 60 psych opens path toward the 62.37 swing high
Failure to hold 57 or a break of 55.60 7mo low exposes deeper downside
ADP and ISM Mfg PMI on Jul 1 could materially shift this read
Silver shed roughly 10-12% this week into a fresh 7-month low at 55.63 on hawkish Fed repricing and a one-year-high USD, with in-line PCE failing to stem the slide. Price is now staging an oversold corrective bounce back toward the 58.00-59.00 area, but the structure remains a clean sequence of lower highs and lower lows beneath both EMAs. The broken 60.00 pivot and the 58.99 swing high cap the recovery.
Support: 55.63
Resistance: 58.99, 60.00
What it said to watch
Michigan sentiment + inflation expectations at 14:00 UTC could materially shift this read
Lower highs and lower lows, bouncing off 7-month low.
Silver remains in a firm H4 downtrend, having shed roughly 10-12% this week into a 7-month low near 55.63 on hawkish Fed-hike repricing and a one-year-high USD. Price is now mounting an oversold corrective bounce back into the 58 area, retesting the broken support after stalling below the swing high at 58.99. Both EMA20 and EMA50 sit well above price, keeping the structure intact below the broken pivots.
Support: 55.63
Resistance: 58.50, 58.987, 60.00
What it said to watch
H4 close above the 58.50 / 58.99 swing high opens the path back toward the 60.00 psych level
Loss of 55.63 7-month low confirms continuation and opens deeper losses
Michigan sentiment + inflation expectations at 14:00 UTC could materially shift this read
Lower highs, lower lows; double bottom forming near 55.6.
Silver remains in a steep H4 downtrend, shedding roughly 14% from the 71.54 high as hawkish-Fed bets and a one-year-high Dollar gut the metal; in-line PCE failed to halt the rout. Price has carved a near-equal low around 55.6, hinting at a double bottom, and is now attempting a corrective bounce off the seven-month low into the 58.99 swing-high zone. ATR remains elevated, reflecting an expanding, volatile leg rather than compression.
Support: 55.63, 55.00
Resistance: 58.99, 61.80
What it said to watch
Sustained recovery through 58.99 swing high would ease the immediate downside pressure toward the 61.80 broken support
Clean break of the 55.63 seven-month low opens deeper losses toward the 55.00 psych level
UoM inflation expectations and Fed speak (Williams/Kashkari) today could materially shift this read
Silver is in a steep H4 downtrend, off roughly 14% on the week as a one-year-high Dollar and hawkish Fed bets gutted the metal; in-line PCE failed to halt the rout. Price is deeply oversold and attempting a relief bounce off the 55.63 seven-month low, but remains below EMA20 and EMA50 with each rally capped by a descending sequence of lower highs into the 58.99 swing high. ATR is elevated, marking an expansion regime rather than compression.
Support: 55.63, 55.00
Resistance: 58.99, 59.51
What it said to watch
H4 close above 58.99 swing high would break the lower-high sequence and challenge 59.51 prior high
Clean break of the 55.63 seven-month low opens deeper downside toward the 55.0 psych level
UoM sentiment + inflation expectations at 14:00 UTC and Fed speakers (Williams, Kashkari) could materially shift this read
Silver remains in a violent downtrend, having shed roughly 12% to fresh 7-month lows near 55.61 as the hawkish-Fed repricing and a one-year-high USD pressured the metal. An oversold bounce stalled at 58.99 — the 50% retrace of the 62.37-55.61 collapse — before sellers re-emerged, leaving the rebound looking corrective after the in-line PCE print. Price holds well below the EMA20 and EMA50, with structure firmly lower.
Support: 55.61
Resistance: 58.99, 62.37
What it said to watch
H4 close below 55.61 opens deeper losses
Reclaim of 58.99 needed to ease the downside pressure
UoM inflation expectations at 14:00 UTC could shift this read
Silver remains in a violent multi-day downtrend, shedding roughly 20% from the mid-month high near 71.54 to fresh 7-month lows at 55.63, with the slide accelerating after the hawkish-Fed repricing and in-line US PCE kept the strong-USD theme intact. Price has twice held the 55.6 region and squeezed back toward 58.99, but the last bar rejected and closed back at 56.54, leaving the rebound looking corrective beneath stacked EMA20/EMA50. ATR is elevated, reflecting the expansion-phase selloff rather than compression.
Support: 55.63
Resistance: 58.99, 60.00
What it said to watch
H4 close below 55.63 confirms a fresh lower-low and opens deeper losses
Reclaiming 58.99 would extend the oversold squeeze toward the 60.00 psych level
UoM inflation expectations and Fed Williams/Kashkari (today 14:00-15:30 UTC) could materially shift this read
Silver remains in a clear H4 downtrend, having sold off from ~71.5 to a 7-month low at 55.63 on the hawkish-Fed repricing that drove the USD to one-year highs. Price has staged an oversold bounce off that low, but the recovery stalled at 58.99 and is rolling back toward 57.50 after in-line PCE removed fresh downside fuel. The structure stays defined by lower highs, with the 62.39 area capping rebounds.
Support: 55.63
Resistance: 58.99, 60.00, 62.39
What it said to watch
Loss of 55.63 7mo low opens deeper losses
H4 close above 58.99 swing high extends the corrective bounce toward 60.00
UoM inflation expectations (14:00 UTC) plus Fed's Williams/Kashkari could shift this read
01:03 UTC
Downtrend, bounce attempt · RSI 43 · price 57.675
Lower highs / lower lows, oversold rebound off 55.63.
Silver remains in a forceful H4 downtrend, printing fresh 2026 lows into 55.63 before stabilising and bouncing back toward 58 after an in-line US PCE print removed fresh downside fuel. Price holds below both EMA20 and EMA50 with structure still defined by lower highs; the recovery has only reclaimed the 56.53 swing-low area and stalled under the 58.99 swing high. ATR remains elevated, reflecting the violent week-long expansion rather than compression.
Support: 55.63, 56.53
Resistance: 58.99, 60.72
What it said to watch
H4 close above 58.99 opens the path toward the 60.72 swing pivot
Loss of 55.63 confirms a fresh lower low and reopens deeper losses
UoM Michigan inflation expectations at 14:00 UTC could materially shift this read