21:04 UTC
Downtrend, oversold bounce · RSI 44 · price 59.024
Lower highs/lows, basing at 7mo low.
Silver collapsed roughly 12-18% this week on hawkish-Fed repricing and a 1yr-high dollar, breaking the $60 level and printing a 7-month low at 55.61. Price is now riding an oversold corrective bounce back toward 59, still well below EMA50 and capped under the broken $60 figure, with a second low near 55.69 hinting at a double-bottom base. ATR(14) stays elevated, keeping ranges wide as the structure remains firmly lower.
Support: 55.61
Resistance: 60.00
What it said to watch
- H4 close above 60.00 broken level challenges the downtrend read
- Break below 55.61 opens path toward ~55
- Wed ADP + ISM Prices Paid cluster could materially shift the metals tape