XAG/USD AI Live Scan, 1-hour chart, Wednesday, 29 July 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.
23:03 UTC
Range, recovering off lows · RSI 54 · price 58.299
Choppy range, mid-band.
Silver opened the week near $60 and sold off to the $56.70 week low before rebuilding above the $58.00 pivot as the USD softened around the Fed's fifth straight hold at 3.75%. Thursday's spike to 59.24 was faded hard back to 57.23 — a false break — with demand then stepping in around $57 to lift price back to $58.30. RSI(14) has cycled back to the mid-50s as price reclaimed EMA20.
Support: 58.00, 57.05, 56.70
Resistance: 59.10, 60.07
What it said to watch
Powell presser and Thu 12:30 UTC Core PCE/GDP could materially shift this read
Close below 57.05 reopens the 56.70 week low
Close above 59.10 spike high challenges the range top toward 60.07
Silver has clawed back above the $58.00 pivot after Monday's gap toward 59.87 sold off to the 56.80 week low midweek. Price now sits near the 50% retrace of that decline with RSI cycling mid-range, while Tuesday's sharp 59.10 rejection still caps the upside. USD softened into the Fed's fifth straight hold at 3.75%, lifting the metal off lows.
Support: 58.00, 57.05, 56.80
Resistance: 59.10, 59.87
What it said to watch
H1 close above 59.10 spike high opens the path back toward the 59.87 monday high
Failure to hold the 58.00 pivot risks a return to the 57.05 swing low
Thu 12:30 UTC Core PCE/GDP could materially shift this read
Silver spiked to 59.24 during the FOMC reaction then reversed hard back to 57.2 within the hour — a clean false break that returned price to the middle of the week's 56.7–60 band. It has since stabilised around 57.61, just above EMA(20) but under EMA(50), with RSI(14) cycling near the midline. The rejected 59.24 high and the 56.74 week low now bracket the range.
Support: 56.74
Resistance: 58.13, 59.24, 60.07
What it said to watch
H1 close above 58.13 reopens the 59.24–60.07 zone
Failure to hold 56.74 confirms a lower-low toward 55.00
Core PCE/GDP Thu 12:30 UTC could materially shift this read
21:05 UTC
Range, choppy two-way · RSI 50 · price 57.613
Mid-range after sweep rejection.
Silver is churning inside this week's $56.80–$59.24 band after the Fed's fifth straight hold at 3.75% left direction hinging on the Powell presser. The final H1 bar swept up to 59.24 before being rejected hard back to 57.23, wiping the spike and leaving price back near the $58 pivot. RSI(14) sits mid-scale around 49, and pullbacks keep finding EMA(20) with no clear intraday trend established.
Support: 56.80, 56.64
Resistance: 59.24
What it said to watch
Thu 12:30 UTC Core PCE/GDP could materially shift this read
H1 close above 59.24 reopens the range top toward $60
Failure to hold 56.80 confirms a lower-low toward the week low 56.64
Silver spiked to 59.24 into the FOMC hold then collapsed back below 58 through Powell's presser, printing a sharp rejection off the highs. Price sits back near the week's middle below EMA(20), with the 58.00 pivot capping and the 56.64 week low marking the floor. RSI reset lower after the fade, no longer overbought.
Support: 56.64
Resistance: 58.00, 59.24
What it said to watch
H1 close above 58.00 reopens the 59.24 rejection high
Loss of 56.64 week low opens the range floor toward $55
Thu 12:30 UTC Core PCE/GDP cluster could reset this read
20:03 UTC
Range-bound, two-way · RSI 48 · price 57.397
Mid-range chop, spike rejected.
Silver spiked to 59.24 into the FOMC hold and Powell presser, then reversed the entire move to close back near 57.40 — a false break of the upper range and sharp rejection. Price now sits mid-range below EMA20/EMA50 with RSI(14) neutral around 48, having repeatedly defended the 56.64–56.79 range floor this week. The $58 psych pivot flipped to resistance after the fade.
Support: 56.79, 56.64
Resistance: 59.10, 58.00
What it said to watch
H1 close back above 58.00 psych reopens the 59.10 rejection zone
Failure to hold 56.79 swing low exposes the 56.64 range floor
Thu 12:30 UTC Core PCE / GDP could materially shift this read
19:03 UTC
Recovery off week lows, momentum building · RSI 64 · price 59.099
Double bottom base, reclaimed weekly open.
Silver spent most of the week grinding lower from Monday's 60.07 open toward a 56.7 base, tested twice midweek, before a sharp post-Fed bounce drove price back above 59 as the dollar softened on the fifth straight hold. RSI(14) has swung from oversold into the low-60s alongside the recovery, and the last two bars cleared the 58.00 pivot decisively. Price now sits back near the top of this week's range having retraced most of the earlier decline.
Support: 58.00, 56.74
Resistance: 60.07
What it said to watch
Close above 60.07 weekly high opens the path to the 62 range top
Failure to hold the 58.00 pivot reopens the 56.74 week low
Thu 12:30 UTC Core PCE / advance GDP could materially shift this read
19:03 UTC
Recovering off week lows, momentum up · RSI 68 · price 59.099
V-recovery from double bottom near 56.70.
Silver spent most of the week grinding lower off Monday's 60.07 high into a 56.64–56.80 double bottom, then reversed sharply as the Fed held at 3.75% and the USD softened into the presser — the last two bars added over a dollar to reclaim 59.00. RSI(14) has swung from oversold to the mid-60s and price is back above both EMA(20) and EMA(50). The 58.00 pivot now sits beneath as reclaimed support while the week high at 60.07 caps the upside.
Support: 58.00, 56.64
Resistance: 60.07, 62.00
What it said to watch
Close above 60.07 opens a run at the 62.00 range top
Failure to hold the 58.00 pivot reopens the 56.64 week low
Thu 12:30 UTC Core PCE / advance GDP could materially shift this read
18:03 UTC
Down this week, near-term bounce · RSI 61 · price 58.682
Lower highs, basing off weekly low.
Silver slid from the ~60.07 week high to a 56.63 base on renewed CENTCOM strikes and firmer yields, then carved a double bottom near 56.80 and rebounded above 58 into the FOMC as the USD trimmed gains. Price now sits above a reclaimed EMA20 with RSI(14) back near 61, but the sequence of lower highs off 59.87 keeps the weekly move directional. The bounce is retracing roughly 60% of the 60.07-56.63 leg.
Support: 57.40, 56.80
Resistance: 59.00, 59.87
What it said to watch
FOMC decision now and Powell at 18:30 UTC are the dominant catalysts and could materially shift this read
H1 close back below 57.40 swing low puts the 56.80 weekly low back in play
Sustained move above the 59.00 psych level opens the 59.87 week high
Silver bounced from Tuesday's 56.64/56.74 double bottom and spiked above 58 on the FOMC reaction, tagging 58.90 into the print. Price is back above both EMA(20) and EMA(50) with RSI(14) pushing into the mid-60s, but the wider week still carries a lower-high structure below the 60.07 high. The last bar is a low-volume FOMC candle, so the move above the 58.10–58.90 band needs confirmation.
Support: 57.40, 56.80
Resistance: 58.90, 59.87, 60.07
What it said to watch
Powell presser (18:30 UTC) could materially shift this read
H1 close above 58.90 opens the path to the 59.87 prior high
Failure to hold 57.40 reopens the 56.80 week low
17:03 UTC
Downtrend, bounce off base · RSI 51 · price 57.85
Lower highs into a 56.7 base, mid-week rebound underway.
Silver opened the week near 59.6 and bled lower in steps to a 56.63 base, where buyers stepped in twice this week to hold the 56.7 area. The last hour saw a sharp reclaim back to 57.85, pushing price above EMA(20) but still capped under EMA(50) and the descending line of lower highs; the move fits the digest's pre-FOMC USD softness lifting XAG back toward 58. RSI(14) has recovered off oversold as price carved a higher low, a mild bullish divergence against the 56.6 print.
Support: 56.74, 56.63
Resistance: 58.05, 58.65
What it said to watch
FOMC statement 18:00 UTC (~1h) plus Powell 18:30 UTC is the dominant catalyst and can override this structure
H1 close above 58.05 psych level and the descending line opens the path back toward 58.65
Failure to hold the 56.7 week low confirms a fresh lower-low and re-exposes 56.63
17:03 UTC
Downtrend this week, bouncing into FOMC · RSI 49 · price 57.85
Lower highs since Monday, double-bottom base near 56.80.
Silver has trended lower all week from Monday's ~60.07 open, printing a sequence of lower highs that a descending trendline off the week high still caps. Price twice held the 56.80 area to form a double-bottom base, and the last two bars snapped back above 57.30 to 57.85 as the USD softened ahead of the Fed. RSI(14) has recovered to ~49 alongside the bounce, with price reclaiming EMA(20) but still below the descending EMA(50).
Support: 56.80, 57.31, 56.64
Resistance: 58.13, 59.56, 60.07
What it said to watch
FOMC statement 18:00 UTC and Powell presser 18:30 UTC — key catalyst that can override this structural read
H1 close above 58.13 breaks the lower-high sequence and opens the weekly open at 59.56
Failure to hold 56.80 confirms a fresh lower-low and exposes the 56.64 week low
16:02 UTC
Downtrend, rolling over from bounce · RSI 41 · price 56.909
Lower highs, ranging under 58.
Silver rolled over from the 58.13 bounce high through the NY session, now back near 56.90 and sitting below both EMA20 and EMA50. Price is drifting in the lower half of the week's 55-62 range after rejection at 58, with RSI(14) sub-45 confirming near-term downside momentum. USD softness has capped follow-through, but the leg from Tuesday's 59.87 has retraced most of the bounce.
Support: 56.64, 56.00
Resistance: 57.75, 58.13
What it said to watch
FOMC at 18:00 UTC (~2h) is the key catalyst and could reset this read
H1 close below 56.64 confirms a lower-low and opens 56.00
Reclaim of 57.75 needed to re-challenge the 58.13 week high
Lower highs since weekly open, testing 56.70 support.
Silver gapped higher into the week near $60 but has bled lower ever since, printing a clean sequence of lower highs and now grinding back toward the week's 56.70 base. Price trades below both EMA(20) and EMA(50) with RSI(14) sub-40, keeping the weekly slide intact despite the USD softness noted into the Fed. The 57.50 lower-high has capped the last two NY sessions.
Support: 56.70, 56.635, 55.00
Resistance: 57.50
What it said to watch
FOMC decision at 18:00 UTC (~2h) is the dominant catalyst and could override this read
An hourly close below 56.635 confirms a fresh lower-low and opens the 55.00 range base
Reclaim of 57.50 would break the week's lower-high sequence
15:02 UTC
Downtrend, near week lows · RSI 42 · price 56.893
Lower highs, testing weekly floor.
Silver has bled lower all week, sliding from the $60 spike early on into the mid-$56s as the USD stayed firm below the FOMC. Yesterday's NY recovery stalled at 58.13 and rolled over, printing another lower high, and price is now pressing the 56.64 week low with RSI(14) hovering in the low 40s. Both EMAs cap from above near 57.5.
Support: 56.64
Resistance: 57.75, 58.13, 57.50
What it said to watch
FOMC decision 18:00 UTC + Powell 18:30 could materially shift this read
H1 close below 56.64 confirms a fresh lower low
Reclaim of 57.75 needed to challenge the 58.13 swing high
15:02 UTC
Downtrend, testing range floor · RSI 42 · price 56.893
Lower highs since yesterday's 58.22 rejection, pressing week lows.
Silver reclaimed 58.00+ into the NY session yesterday but was rejected at 58.22 and has since carved lower highs back toward the 56.74 swing low, keeping price under EMA(20) and EMA(50). The pullback fits the digest's mid-range chop between roughly 56.80 and 61, with USD trimming gains ahead of the Fed. RSI(14) sits in the low 40s, tracking the fade without yet flagging an extreme.
Support: 56.74, 56.635, 55.00
Resistance: 57.75
What it said to watch
FOMC decision 18:00 UTC and Powell presser 18:30 could materially shift this read
H1 close below 56.635 confirms a lower low and exposes the 55.00 range floor
Reclaim of 57.75 would neutralise the lower-high sequence
Silver gapped higher into the week from 58.20 to 60.07 but has ground out lower highs each session since, and the rejection off 58.13 in the NY session has dragged price back to the week low near 56.63. Trading below both EMAs with RSI in the low 40s; the $55-$62 range top has capped, and price now sits at the lower half of that range. Move is headline-driven ahead of the FOMC decision.
Support: 56.635, 55.00
Resistance: 58.13, 60.072
What it said to watch
FOMC decision in ~4h could materially shift this read
Close below 56.63 exposes the 55.00 range low
Reclaim of 58.13 would break the week's lower-high sequence
Silver has printed a sequence of lower highs since Monday's push toward $60, rejected at 58.13 twice and now sliding back to the 56.635 Tuesday low as the last two bars extended down. Price sits below both EMA(20) and EMA(50) with RSI(14) near 39, keeping the tape heavy in the lower half of the well-defined $55-$62 range into FOMC. The move is headline-driven rather than trending, whipsawing on US-Iran flows and USD positioning.
Support: 56.635
Resistance: 58.131
What it said to watch
H1 close below 56.635 opens the path toward the $55 range floor
Reclaim of 58.13 needed to negate this week's lower highs
FOMC decision 18:00 UTC and Powell 18:30 UTC could materially shift this read
13:03 UTC
Downtrend, bounce fading · RSI 44 · price 57.343
Lower highs, holding above week low.
Silver has bled lower all week from the ~59.87 open toward a 56.64 low before Wednesday's bounce to 58.20 stalled and faded back to 57.34, tracking the firm-USD drag into the FOMC. Price sits below both EMA(20) and EMA(50) with RSI(14) mid-40s, and each rally has printed a lower high — the 58.20 zone capped the latest attempt. Structure remains corrective within the broader 55-62 range.
Support: 56.64
Resistance: 58.20
What it said to watch
FOMC decision 18:00 UTC and Powell 18:30 UTC is the key catalyst, likely to redefine this read
H1 close below 56.64 confirms a fresh lower low
Reclaim of 58.20 needed to break the lower-high sequence
Silver gapped higher into Monday's open near 60.07 then bled lower all week on a firmer USD and the US-Iran risk toggle, printing a week low at 56.635 before dip-buyers defended the mid-57s repeatedly. Price now sits back above EMA(20) around 57.61 but below EMA(50), with RSI(14) recovering toward the mid-40s after the earlier washout. Sequence of lower highs from 60.07 down through 58.13 keeps the intraday structure heavy.
Support: 57.07, 56.635
Resistance: 58.13, 60.072
What it said to watch
FOMC decision 18:00 UTC (~6h) could materially shift this read
H1 close above 58.130 breaks the lower-high sequence
Silver has whipsawed all week on the US-Iran risk toggle: the weekend gap opened near 59.56, Monday tagged 60.07, then supply dragged price to a 56.63 low by Wednesday's NY session. Since then it has consolidated in the mid-57s, coiling just under EMA(20) with RSI(14) hovering around 50 — a classic pre-event compression into today's FOMC. Dip-buyers have defended the 56.70-57.10 zone repeatedly while 58.22 caps the bounce.
Support: 57.10, 56.70
Resistance: 58.22, 58.65, 59.56
What it said to watch
FOMC decision 18:00 UTC + Powell presser 18:30 UTC will likely break this compression either way
H1 close above 58.22 exposes the 58.65 prior high and weekly open at 59.56
Loss of 57.10 range low reopens the 56.70 swing low
11:03 UTC
Downtrend, lower highs · RSI 45 · price 57.459
Lower highs since week open, rolling off bounce.
Silver has ground lower from the ~59.56 week open, printing a series of lower highs into the mid-$57s amid the US-Iran risk toggle. Yesterday's NY-session bounce stalled at the 58.13 prior high and price has since rolled back below EMA20, with RSI(14) cycling in the mid-40s. The mid-$57s dip zone has repeatedly attracted demand while supply caps rallies below the descending trendline.
Support: 56.635
Resistance: 58.13, 59.56
What it said to watch
FOMC decision 18:00 UTC could materially shift this read
Close above 58.13 prior high invalidates the lower-high sequence
Loss of 56.635 week low opens a fresh leg down toward the $55 floor
Silver gapped higher into Monday's open near $59.80 then bled back through the week, printing a $56.63 low before a bounce toward the $58.13 prior high stalled. Price now sits in the mid-$57s just under EMA20/EMA50, with RSI(14) cycling around 46 as the $57-$60 range holds. The two-way tape reflects the US-Iran risk toggle keeping demand defended in the mid-$57s.
Support: 57.00, 56.63
Resistance: 58.13
What it said to watch
FOMC decision 18:00 UTC today could materially shift this read
H1 close above 58.13 prior high opens the path toward 59.00
Silver carved a double bottom near the 56.64 week low and clawed back through the NY session, reclaiming EMA(20) with RSI(14) lifting back to the mid-50s. The advance stalled below the 58.22 day high and sits well under the 59.56 weekly open, keeping price boxed in the well-defined $55–62 range. Price rebounded despite the oil rebound on fresh US-Iran headlines, showing renewed safe-haven demand into the Fed.
Support: 57.09, 56.64
Resistance: 58.22, 59.56
What it said to watch
FOMC decision 18:00 UTC could materially shift this read
H1 close above 58.22 day high would extend the recovery toward the 59.56 weekly open
Loss of 57.09 prior low re-exposes the 56.64 week low
10:02 UTC
Week down-leg, now consolidating · RSI 51 · price 57.73
Range after selloff, higher lows building off 56.64.
Silver gapped up to the weekly open near 59.6 on Monday, then sold through the week to a 56.64 week low before dip-buyers reclaimed the mid-57s. Price is now consolidating around 57.70 with RSI mid-range, capped by a rejection at the 58.13 session high; it sits above EMA20 but has yet to reclaim EMA50. Higher lows off 56.64 keep the tape balanced into today's FOMC.
Support: 57.00, 56.64
Resistance: 58.13, 58.65
What it said to watch
H1 close above 58.13 session high opens 58.65 prior high
Loss of 57.00 psych exposes the 56.64 week low
FOMC decision 18:00 UTC could materially shift this read
Silver spent the week grinding lower from Monday's 60.07 open down to a 56.6 base, where demand stepped in twice to carve a double bottom. Price has since recovered above EMA(20) to 57.87 near the 38.2% retracement of the weekly drop, with RSI(14) cycling back above 55. The bounce comes ahead of today's FOMC, which the digest flags as a two-way risk with a hold already priced.
Support: 56.65
Resistance: 58.13, 59.00
What it said to watch
FOMC statement 18:00 UTC and Powell 18:30 could materially shift this read
Reclaim of 58.13 session high opens the 59.00 prior high
H1 close below 56.65 week low confirms a lower low and negates the double bottom
09:03 UTC
Downtrend, bouncing off lows · RSI 56 · price 57.867
Recovery off double bottom, below weekly open.
Silver sold off from the week-open spike near 60.07 down to a double bottom around 56.63 before demand stepped in, lifting price back above EMA(20) to the mid-57s. The metal is holding firm near $57.80 with RSI(14) recovering through 56, consistent with the safe-haven bid the digest notes into the Fed. Price remains capped below the 58.20 session high and well under the weekly open at 59.5.
Support: 57.07, 56.63
Resistance: 58.22, 58.65, 59.50
What it said to watch
FOMC statement 18:00 UTC + Powell 18:30 UTC can materially shift this read
H1 close above 58.65 prior high opens the path back toward the weekly open
Failure to hold 57.07 swing low re-exposes the 56.63 double bottom
Recovery from 56.63 double bottom into descending lower highs.
Silver spent the week bleeding from the 60.07 high down to a 56.63 double bottom as US-Iran de-escalation drained the safe-haven bid. Since Monday's low, price has carved higher lows back to 58.05, reclaiming EMA(20) with RSI(14) cycling up toward 60. The prior 58.65 shelf now sits overhead as first resistance into tonight's Fed decision.
Support: 57.10, 56.63
Resistance: 58.65, 59.00, 60.07
What it said to watch
FOMC at 18:00 UTC is the dominant catalyst and could materially shift this read
H1 close above 58.65 opens the path toward 59.00
Failure to hold 57.10 puts the 56.63 week low back in play
Lower highs off weekly open; base forming near 56.65.
Silver gapped up to open the week near 59.56 then bled ~5% into a 56.64 low as US-Iran de-escalation drained the safe-haven bid and the USD firmed. A base formed around 56.65-56.90 over the last two sessions, and the recovery through the NY session has reclaimed the H1 EMA(20) back to 58.09. Descending lower highs from the weekly high still cap the structure below 58.65.
Support: 57.45, 56.64
Resistance: 58.65, 59.30
What it said to watch
FOMC decision 18:00 UTC and presser 18:30 UTC — dominant catalyst that could reset this read
H1 close above 58.65 breaks the lower-highs sequence and opens the 59.30 weekly open
Failure to hold 57.45 puts the 56.64 week low back in play
Silver spent the week bleeding from the 60.07 high toward a 56.65 double bottom as US-Iran de-escalation drained the safe-haven bid. Price has carved higher lows through yesterday's NY session and reclaimed the EMA(20), pushing back to 58.09 with RSI(14) recovering into the low-60s. Prior swing supply at 58.65 is the first cap on this bounce.
Support: 57.10, 56.65
Resistance: 58.65, 59.30
What it said to watch
H1 close above 58.65 opens the path back toward 59.30
Failure to hold 57.10 reopens the 56.65 weekly low
FOMC decision 18:00 UTC is the dominant near-term catalyst and can override this structure
Silver has trended lower all week from the 60.07 print, faded from the Middle East risk premium as US-Iran de-escalation drained the safe-haven bid. Price based repeatedly near 56.6-56.9 and has since recovered above EMA(20), with RSI(14) lifting back to the high-50s. The 58.04 prior high caps the correction while last week's open at 59.56 remains well overhead.
Support: 57.00, 56.63
Resistance: 58.04, 58.65, 59.56
What it said to watch
FOMC decision today 18:00 UTC and Powell presser can materially shift this read
H1 close above 58.04 opens the path back toward the 58.65 swing high
Loss of 57.00 swing low re-exposes the 56.63 week low
06:03 UTC
Downtrend, recovering off lows · RSI 55 · price 57.851
Week-long descent, basing near 56.70.
Silver ground lower all week from Monday's ~60.07 gap-up open toward the 56.70 week low, shedding safe-haven premium as US-Iran de-escalated and oil slid. Price has since based twice near 56.70 and recovered above EMA(20) to 57.85, with RSI(14) lifting back to the mid-50s. The week's sequence of lower highs still caps the tape into today's FOMC.
Support: 56.70
Resistance: 58.55
What it said to watch
FOMC decision 18:00 UTC + presser 18:30 UTC could materially shift this read
H1 close below 56.70 confirms a lower low and negates the double bottom
Reclaim above 58.55 breaks the week's lower-high sequence
05:04 UTC
Downtrend, basing near lows · RSI 51 · price 57.488
Lower highs into a consolidation base.
Silver has bled lower all week from the 60 area, printing a base at the 56.63 week low as easing US-Iran tensions drained the safe-haven and inflation-hedge bid while USD firmed. Price is now curling back above EMA(20) near 57.5 with RSI(14) balanced around 50, but the string of lower highs into 57.98 keeps the H1 structure heavy. The 57.0 psych level and 56.63 week low mark the base being defended into the FOMC.
Support: 57.00, 56.63
Resistance: 57.98
What it said to watch
FOMC decision today 18:00 UTC could materially shift this read
H1 close above 57.98 breaks the lower-high sequence
Loss of 56.63 week low confirms downtrend continuation toward 55
Silver gapped higher to open the week near 59.5 then trended lower through every session, sliding toward a double bottom around 56.65 as easing US-Iran tensions drained the safe-haven bid and USD firmed. A NY-session bounce reclaimed 57.98 before fading back to 57.49, leaving price hugging EMA20 but capped below EMA50. RSI(14) has recovered off oversold toward the midline as the sell-off decelerates.
Support: 56.64
Resistance: 58.00, 59.50
What it said to watch
FOMC statement 18:00 UTC and presser 18:30 could materially shift this read
H1 close below 56.64 confirms a lower low and reopens the range base
Reclaim of 58.00 would break the week's sequence of lower highs
04:03 UTC
Downtrend, basing near lows · RSI 45 · price 57.358
Lower highs, consolidating above 56.63.
Silver slid through the week from the 60.07 high to a 56.63 swing low as US-Iran de-escalation drained the safe-haven and inflation-hedge bid while the USD firmed. Price has since based between 56.63 and 57.98, holding a marginal reclaim of EMA(20) with RSI(14) recovering back toward mid-range. The 57.98 session high capped the latest bounce, keeping the lower-highs sequence intact below the 21-day average.
Support: 56.63, 55.00
Resistance: 57.98
What it said to watch
FOMC decision today 18:00 UTC (presser 18:30) can materially shift this read
H1 close above 57.98 breaks the lower-highs sequence
Loss of 56.63 swing low confirms a fresh lower-low toward 55.00 range low
Silver leaked from the $60 area toward the $56.63 weekly low through the week as easing US-Iran tensions drained the safe-haven/inflation bid and the USD firmed into FOMC. Since Tuesday's NY session price has carved higher lows off 56.63 and reclaimed EMA20, tagging 57.98 before easing back. RSI is cycling around the midline with a mild bullish divergence against the late-session low.
Support: 56.635
Resistance: 57.984, 58.65
What it said to watch
FOMC decision at 18:00 UTC could materially shift this read
H1 close above 57.98 opens the path back toward 58.65
Loss of 56.63 confirms a lower-low and reopens the range base
03:03 UTC
Downtrend, bouncing off lows · RSI 53 · price 57.707
Lower highs since weekend gap, basing near week low.
Silver gapped up to ~59.5 at the weekly open then bled lower through the week, tagging a 56.64 week low as easing US-Iran tensions drained the safe-haven and inflation bid. Price has since reclaimed the H1 EMA(20) on a bounce off 56.64, with RSI(14) recovering back near 53 from the low-40s. Descending lower-highs still cap the tape below 58.00 ahead of the FOMC decision.
Support: 56.64
Resistance: 58.00, 59.50
What it said to watch
FOMC decision 18:00 UTC + presser 18:30 UTC — could materially shift this read
H1 close above 58.00 breaks the descending lower-highs
Failure to hold 56.64 confirms a lower-low toward the range base
Silver gapped higher into the new week near 59.87 then trended lower all week, whipsawing down to 56.64 as easing US-Iran tensions drained the safe-haven bid and USD firmed. Buyers have stepped in twice around 56.6-56.7, and the current NY-session bounce has reclaimed EMA20 with RSI(14) recovering back through the midline. The 58.00 area now caps the rebound while 59.56 weekly open sits well above.
Support: 57.00, 56.64
Resistance: 58.00, 58.65, 59.56
What it said to watch
FOMC statement/presser at 18:00 UTC today can materially shift this read
H1 close above 58.00 targets the 58.65 swing high
Failure to hold 57.00 reopens the 56.64 swing low
02:03 UTC
Downtrend, lower highs · RSI 50 · price 57.518
Sequence of lower highs, basing near week low.
Silver has stair-stepped lower since Monday's ~59.56 open, printing successive lower highs and trading below both EMAs as the US-Iran de-escalation trimmed inflation-hedge demand and a firmer USD capped the metal. Price slid to a 56.64 week low before basing back toward 57.50; the weekend gap up to ~59.66 has been fully unwound. RSI(14) sits near 50 after recovering off the lows, showing no clear momentum.
Support: 56.64, 55.00
Resistance: 57.68
What it said to watch
H1 close below 56.64 (week low) confirms a lower-low and opens the 55.00 range floor
Reclaim of 57.68 prior high would challenge the run of lower highs
FOMC decision 18:00 UTC + presser 18:30 UTC could materially shift this read
02:03 UTC
Downtrend, bounce off lows · RSI 52 · price 57.518
Lower highs, below EMA50.
Silver has trended lower all week, knocked from the $60 spike toward $57.50 as US-Iran de-escalation trimmed inflation-hedge demand and the USD firmed into the FOMC. Lower highs keep the structure heavy below EMA50, but demand stepped in twice around 56.63 and price has clawed back above EMA20 into the current $57.50 area. Supply at 58.55 has capped every rebound this week.
Support: 56.635
Resistance: 58.55
What it said to watch
H1 close above 58.55 would break the lower-high structure
Failure to hold 56.63 opens the path toward $56/$55
FOMC decision 18:00 UTC + Powell presser could materially shift this read
Sequence of lower highs, consolidating above week low.
Since the weekend gap up to ~59.5, silver has trended steadily lower through the week, sliding to 56.63 as US-Iran de-escalation trimmed inflation-hedge demand and a firmer USD capped the metal. Price is pinned just under EMA(20) around 57.20 with RSI(14) mid-40s, consolidating above the week low after a shallow bounce. Each rally has printed a lower high, keeping the descending sequence intact.
Support: 56.635, 55.00
Resistance: 57.20, 57.55
What it said to watch
H1 close below 56.63 confirms a fresh lower-low and opens the 55.00 area
Reclaim of 57.55 needed to break the lower-high sequence
FOMC decision Wed 18:00 UTC and Powell presser could materially reset this read
Silver has bled lower all week, sliding from Monday's 60+ open to the mid-57s as US-Iran de-escalation trimmed inflation-hedge demand and a firmer dollar capped rallies ahead of the Fed. Price sits below EMA(20) and EMA(50) with each NY-session bounce stalling under 57.55, keeping the lower-high structure intact. The 56.63 swing low has held on the latest test, with RSI near 41 reflecting the fade rather than exhaustion.
Support: 56.635, 55.00
Resistance: 57.55
What it said to watch
FOMC decision 18:00 UTC and Powell presser could materially shift this read
H1 close above 57.55 breaks the lower-high sequence
Failure to hold 56.63 confirms a fresh lower-low toward 55.0
00:03 UTC
Downtrend, near week lows · RSI 41 · price 57.091
Lower highs, lower lows.
Since the weekly open near 59.56 Monday, silver has trended steadily lower through successive NY sessions, printing lower highs and pressing into the week low at 56.64. Price sits below EMA20 and EMA50 with de-escalating US-Iran tensions and a firmer USD trimming inflation-hedge demand; the metal has stalled just above 57.00 after each push lower. RSI is subdued in the low 40s but not yet at an extreme.
Support: 56.64, 57.00
Resistance: 57.55
What it said to watch
FOMC decision Wed 18:00 UTC + Powell presser 18:30 UTC could materially shift this read
Core PCE Thu 12:30 UTC is a further near-term risk
Close below 56.64 confirms a fresh lower-low and opens the lower range
Reclaim of 57.55 would break the sequence of lower highs
Silver has trended lower all week, sliding from the 60.07 weekly high toward the mid-56s as US-Iran de-escalation trimmed the safe-haven bid and a firmer USD capped rallies. Price sits below EMA20 and EMA50 with RSI(14) in the low 40s, and each bounce this week has stalled under a descending lower-high line. The 56.64-56.85 zone has held two attempts, keeping price in a tight consolidation near 57.10.
Support: 56.85, 56.64, 55.00
Resistance: 57.55
What it said to watch
H1 close below 56.64 confirms a fresh lower-low and opens the 55.00 psych area
Reclaim of 57.55 would break the week's lower-high sequence
FOMC decision Wed 18:00 UTC + Powell presser could materially shift this read