XAG/USD AI Live Scan, 1-hour chart, Monday, 29 June 2026
Every read JAFX AI made on the XAG/USD 1-hour chart that day, newest first: trend, structure, the levels it marked and what it said to watch.
23:02 UTC
Downtrend, consolidating after flush · RSI 53 · price 58.288
Range 57.40-59.50 after sell-off.
Silver flushed roughly 12% earlier this week, breaking below $60 and tagging a seven-month low near 55.63 on firm-dollar, hawkish-Fed flows before in-line core PCE eased some pressure. Price has since carved a tight range between the 57.40 floor and a 59.14 swing high, now coiling around 58.20 with RSI(14) back to neutral and price flat against EMA20/EMA50. The corrective bounce has stalled below 59.50.
Support: 57.40, 55.63
Resistance: 59.14, 60.00
What it said to watch
H1 close below 57.40 range floor reopens the 55.63 seven-month low
Reclaim of 59.14 swing high then the 60.00 round number needed to extend the bounce
ADP and Fed Chair Warsh Wed could materially shift this read
After a brutal week that broke $60 and hit a seven-month low near 55.61, silver has clawed back into a tight 57.40–59.14 range, helped by in-line core PCE easing some hawkish-Fed pressure. Price is consolidating just above both EMAs around $58 with RSI(14) flattening near the midline. The broader H1 structure stays heavy — the recovery has stalled below the 59.14 swing high.
Support: 57.40, 55.61
Resistance: 59.14
What it said to watch
ADP and Fed's Warsh Wed could materially shift this read
H1 close below 57.40 reopens the slide toward the 55.61 7-mo low
Reclaim of 59.14 and the $60 psych pivot needed to extend the bounce
Silver crashed from 62.37 to a 55.61 seven-month low mid-week before in-line core PCE relief sparked an oversold bounce back toward 59.56. Since then price has coiled in a 57.4–59.0 range, holding just above EMA20 with RSI(14) recovering to the mid-50s. The broader H1 structure remains a downtrend; the current action is a corrective base after the flush.
Support: 57.40, 55.63
Resistance: 58.95, 59.56, 60.00
What it said to watch
H1 close above 59.56 opens a path to the 60.00 psych pivot
Failure to hold 57.40 reopens the 55.63 seven-month low
ADP and Fed's Warsh Wed could materially shift this read
Consolidation above weekly low after sharp selloff.
Silver flushed roughly 12% off the week's 62 open down to the 55.61 seven-month low before a corrective bounce stalled near 59.56, with the move tied to a hawkish-Fed, firmer-dollar regime and in-line core PCE only easing some pressure. Price has since coiled in a tight 57.4–59.1 band and now sits at 58.19, pinned just under flattening EMA(20)/EMA(50) with RSI cycling around the midline. The 58.95 recent high has capped attempts while demand stepped in twice near 57.40.
Support: 57.40, 55.61
Resistance: 58.95, 59.56
What it said to watch
H1 close above 58.95 reopens the 59.56 bounce high
Loss of 57.40 puts the 55.61 seven-month low back in play
ADP and Warsh (Wed 12:15/13:00 GMT) could materially shift this read
19:02 UTC
Downtrend, consolidating after bounce · RSI 49 · price 58.138
Range below the bounce high, holding above last week's low.
Silver collapsed roughly 12% earlier in the week to a 7-month low at 55.63 on rebuilt Fed hike bets and a firm dollar, then staged a corrective bounce that has stalled below the 59.14 bounce high. Since Monday's gapped open price has churned sideways in the high-57s/low-58s, RSI(14) flattening near 48 with no reversal confirmation. Price sits just under EMA20 but above EMA50, leaving the recovery capped well below the 60.00 pivot.
Support: 57.40, 55.63
Resistance: 59.14, 60.00
What it said to watch
H1 close above 59.14 bounce high opens the path to the 60.00 pivot
Failure to hold 57.40 swing low reopens the 55.63 7-mo low
Wed ADP + ISM Manufacturing (US) could materially shift this read
Silver collapsed from ~62.3 to a 7-month low of 55.63 earlier this week on hawkish-Fed repricing and a firm dollar, then staged a corrective bounce that stalled below the 59.00 pivot. Price has since coiled in a 57.40–59.00 range, with the renewed Hormuz oil bid and pause in US-Iran strikes leaving the metal consolidating just below 59. RSI(14) has recovered to mid-range and price is pinned around EMA20.
Support: 57.40, 56.50, 55.63
Resistance: 59.00, 59.56
What it said to watch
H1 close above 59.00 pivot opens the path toward the 59.56 week high then 60.00
Loss of 57.40 swing low reopens 56.50 and the 55.63 7-month low
Wed ADP/ISM/Warsh cluster could materially shift this read
Silver bounced off the 55.63 7-month low after a ~12% two-session collapse driven by aggressive Fed hike repricing and a firm dollar, but the recovery has stalled below 59 and well under the 60.00 pivot. Since the weekly reopen near 59.20 price has drifted lower, printing lower highs and slipping back under EMA(20) into the 58.10 area. RSI(14) has cycled back to neutral after working off oversold, leaving the recovery without confirmation.
Support: 57.40, 55.63
Resistance: 59.56, 60.00
What it said to watch
H1 close above 59.56 reopens the 60.00 pivot
Loss of 57.40 reopens the 55.63 low
Wed ADP/ISM/Warsh cluster could materially shift this read
Silver collapsed roughly 12% from Monday's 62 area to a 55.63 7-month low as hawkish-Fed repricing and a firm dollar dominated, with the Hormuz oil/inflation premium adding pressure. Since then a corrective bounce retraced toward 59.5 before stalling; price now consolidates below the 59.15 range top, holding above the 57.40 swing low. RSI(14) sits mid-40s with no reversal confirmed on this leg.
Support: 57.40, 56.53, 55.63
Resistance: 59.15, 59.56
What it said to watch
H1 close above 59.15 opens the 59.56 week high
Failure to hold 57.40 reopens 56.53 then the 55.63 7-month low
ADP, Warsh and ISM Manufacturing Wed could materially shift this read
Silver collapsed roughly 12% this week to a 7-month low at 55.63 before an oversold bounce carried it toward the 59.50 week high, helped by US-Iran de-escalation draining some safe-haven USD bid. That rebound stalled well below the 60.00 psych pivot and price has since slipped back under EMA20, now grinding near 57.94. Lower highs into the latest session show the corrective leg losing traction.
Support: 57.40, 55.63
Resistance: 59.50, 60.00
What it said to watch
H1 close below 57.40 day low confirms a fresh lower-low
Reclaim of 59.50 week high needed to challenge the 60.00 psych pivot
ADP, Warsh and ISM Manufacturing Wed could materially shift this read
Consolidation under prior-week range after sharp selloff.
Silver crashed from the low-62s to a 55.61 low earlier in the window on firming Fed-hike bets, then staged a corrective bounce that stalled in the high-58s/low-59s. Since Monday's open price has consolidated between the 57.40 week low and the 58.75 day high, stalling right around the 38.2% retrace of the crash near 58.17. Geopolitical risk-unwind around Hormuz capped the metal, leaving it pinned below EMA20 and EMA50.
Support: 57.40, 56.59
Resistance: 58.75, 59.00, 59.34
What it said to watch
H1 close above 58.75 day high reopens the 59.00 psych / 59.34 week high zone
Failure to hold 57.40 week low confirms downtrend continuation toward 56.59 swing low
ADP, Warsh speech and ISM Wed (12:15-14:00 UTC) could materially shift this read
Recovering off weekly low, consolidating below resistance.
Silver opened this week near $59.2 and has drifted toward $58, holding below EMA(20) after last week's ~10% collapse to the $55.60 weekly low. The bounce off that low stalled at $59.56 and has rolled into a series of lower highs, with RSI(14) cycling mid-range and unable to reclaim momentum. Renewed US-Iran Hormuz tension lifting oil and the hawkish-Fed backdrop keep non-yielding metals capped.
Support: 57.40, 56.53, 55.60
Resistance: 59.00, 59.56
What it said to watch
Hourly close above 59.00 opens the path back to the 59.56 week high
Loss of 57.40 day low exposes 56.53 then the 55.60 weekly low
ADP + Warsh + ISM Manufacturing (Wed) could materially shift this read
Silver collapsed to a 55.60 seven-month low earlier in the week on the hawkish-Fed/strong-USD regime, then staged an oversold bounce to 59.56. Monday opened with a gap higher near 59.20 but has since rolled over into lower highs, with price now back below EMA20 and pressing the 57.40 swing low. The 59.00 area has capped attempts and renewed Hormuz energy-inflation risk is reinforcing the broader downside tone.
Support: 57.40, 55.63
Resistance: 59.00, 59.56
What it said to watch
Loss of 57.40 reopens the path to the 55.63 week low
Reclaim of 59.00 would stabilise the bounce structure
ADP, Warsh and ISM Wed could materially shift this read
Silver was bludgeoned ~10% this week to a 55.61 seven-month low, then staged an oversold short-covering bounce into the 59.56 swing high before fading. Price has slipped back below EMA20 with lower highs forming since the bounce peak; the move down extended after renewed Hormuz energy-inflation headlines reinforced the hawkish-Fed bid. RSI(14) sits near 41, off the prior oversold reading but with no bullish momentum reclaimed.
Support: 55.61
Resistance: 59.14, 59.56
What it said to watch
Loss of 55.61 week low opens 54.39 then 50.00
Reclaim of 59.14 bounce high needed to challenge the lower-high sequence
ADP and Fed's Warsh (Wed) could materially shift this read
Silver remains in a downtrend after the two-session plunge to a seven-month low at 55.60, with this week's corrective bounce capping below 59.14 and price now slipping under EMA20. The Strait of Hormuz oil spike is reinforcing Fed-hike bets, which paradoxically weighs on the non-yielding metal. RSI(14) near 44 reflects the stall in the rebound as lower highs build since Monday's open.
Support: 57.77, 56.53, 55.61
Resistance: 59.14
What it said to watch
Close below 57.77 confirms a lower-low and reopens 56.53 then the 55.61 weekly low
Reclaim of 59.14 would negate the lower-high sequence
Wed ADP/ISM and Warsh speech could materially shift this read
Rebound off 7-month lows, consolidating below EMA20.
Silver carved a double bottom near 55.63 after the week's ~10% washout, rebounding to reclaim the 58 area as the Dollar eased post-PCE. The bounce stalled below the 59.56 wk high and price is now consolidating just under EMA20, with RSI cycling back near 50 after the oversold relief. The broader move off 63 remains corrective until 59.00 is reclaimed.
Support: 58.05, 57.77, 55.63
Resistance: 59.00, 59.56, 60.00
What it said to watch
H1 close above 59.00 round / EMA20 opens path to the 60.00 pivot
Failure to hold the 58.05 swing low / 57.77 prior low reopens 55.63 double btm
ADP and ISM Manufacturing on Jul 1 could materially shift this read
Silver steadied around $58.46 in a 58-59 band since Monday's open, a corrective bounce off the seven-month low at 55.60 as the dollar took a breather post-PCE. Price sits just below EMA(20) with RSI(14) neutral near 46, and the recovery stalled at the 59.33 week high. The broader collapse from the low-$60s remains the dominant structure framing this consolidation.
Support: 57.77, 55.60
Resistance: 59.33, 60.00
What it said to watch
H1 close below 57.77 week low reopens the path toward the 55.60 seven-month low
Close above 59.33 week high needed to extend the corrective bounce; 60.00 round-number pivot the next overhead zone
US JOLTS Tue and ADP/ISM Wed could materially shift this read
Silver was hammered through the first half of the week, breaking 60 and printing a 55.60 seven-month low before an oversold, post-PCE corrective bounce reclaimed the 58s. Since Monday's open price has consolidated in a 58.05-59.14 band, drifting just below the EMA(20) but holding above the EMA(50), with RSI(14) cycling in the mid-40s. The recovery off 55.60 is corrective in character against the dominant down impulse.
Support: 58.05, 57.765, 55.60
Resistance: 59.14, 59.52
What it said to watch
H1 close above 59.14 then 59.52 would extend the corrective bounce toward 60
Failure to hold 58.05 reopens the 57.77 swing low and the 55.60 seven-month low
ADP and ISM Manufacturing Wed could materially shift this read via the USD
Consolidation above the seven-month low after a sharp selloff.
Silver collapsed from the mid-$60s to a seven-month low at 55.60 this week before a corrective bounce off oversold levels stalled near 59.56, with the dollar taking a breather after in-line PCE. Price has since slipped back under EMA(20) and is consolidating in the 58-59 band after a Monday weekend gap, with RSI(14) cycling back to the mid-40s. The bounce is corrective within the broader decline rather than a confirmed base.
Support: 58.05, 57.00, 55.60
Resistance: 59.56, 60.00
What it said to watch
Close below 58.05 session low opens the path back toward 57.00 swing low and 55.60
Reclaim of 59.56 bounce high needed to extend the corrective move toward the 60.00 psych pivot
JOLTS/Consumer Confidence today and ADP/ISM Wed could materially shift this read
Consolidation under 59.5 after recovery off 55.60.
After a brutal week that broke 60 and printed a fresh 2026 low at 55.60, silver staged a corrective bounce back toward 59.5 as the dollar took a post-PCE breather. Price gapped slightly higher into this week's open near 59.20 then drifted back to 58.6, consolidating in the 58-59 band right on the EMA20 with RSI(14) flat around 48. The recovery off 55.60 is holding higher lows, but momentum has flattened beneath the 59.5 week high.
Support: 58.05, 55.60
Resistance: 59.56
What it said to watch
H1 close above 59.56 opens the path toward the 60 psych pivot
Failure to hold 58.05 swing low reopens downside toward 55.60
Wed ADP/ISM cluster could materially shift this read
Silver collapsed roughly 12-18% this week on hawkish-Fed/rate-hike pricing and a 1yr-high USD, bottoming at the 55.63 weekly low before a corrective bounce reclaimed 58. That rebound stalled under the 59.56 bounce high and the broken 60.00 level, and price has since slipped back below EMA(20) as Monday's session opens soft. RSI(14) has unwound off oversold but sits sub-50, consistent with a correction rather than a trend turn.
Support: 58.05, 56.53, 55.63
Resistance: 59.56, 60.00
What it said to watch
H1 close below 58.05 reopens 56.53 then the 55.63 weekly low
Reclaim of 60.00 needed to extend the bounce toward the bounce high
Wed ADP + ISM Manufacturing cluster could materially shift this read
Lower highs after fresh cycle low, corrective rebound.
Silver collapsed roughly 15% across the week, breaking 60.00 and printing a fresh cycle low at 55.60 before an oversold rebound lifted price back toward 59.56. That bounce stalled and price has rolled over to 58.35 as the in-line US PCE print gave the dollar only a breather; the move is corrective, not a structural turn. Price sits just below EMA20 with EMA50 still beneath, and the 60.00 broken level overhead caps the recovery.
Support: 58.02, 56.53, 55.60
Resistance: 59.56, 60.00
What it said to watch
Hourly close above 60.00 broken level would extend the corrective rebound toward the week high
Loss of 58.02 session low reopens the path to 56.53 and the 55.60 7mo low
Wed ADP + ISM Prices Paid cluster could materially shift this read
Fresh 2026 low then corrective rebound, now consolidating.
Silver was wrecked this week, breaking $60 and printing a fresh 2026 low at 55.60 before a sharp corrective rebound to the 59.56 week high. In-line US PCE took the steam out of the dollar late-week, fuelling the bounce, but price has since rolled over and is consolidating in the high-$50s with RSI back to mid-range. The recovery has stalled below the broken $60 level and price sits beneath EMA(20).
Support: 58.05, 57.05, 55.60
Resistance: 59.56, 60.00
What it said to watch
H1 close above 60.00 broken level reopens the path toward 62.89
Failure to hold the 58.05 swing low exposes 57.05 then the 55.60 7mo low
Wed ADP + ISM Prices Paid cluster could re-arm hike bets and challenge this read