Broader H4 structure remains a downtrend (silver off roughly 10% on the week on hawkish-Fed repricing and firm USD), but price has carved higher lows off the 56.53 swing low and reclaimed EMA20. The recovery stalled at the 60.00 pivot and 60.99, where sellers rejected, dragging price back to 59.18. EMA50 overhead near 60 still caps the bounce.
Support: 57.40, 56.53, 55.63
Resistance: 60.00, 60.99
What it said to watch
US Nonfarm Payrolls Thu 12:30 UTC is the dominant catalyst and could reset this read
H4 close above 60.00 opens the path toward 60.99 and challenges EMA50
Failure to hold 57.40 exposes the 56.53 swing low and 55.63 ytd low
The dominant H4 trend remains down from the $74 area, but silver has staged a multi-day recovery off the $55.61 YTD low and is now testing the $60 round number for the first time in this window, last closing at 60.296. Softer US data (ADP and ISM misses) eased the hawkish-USD pressure that drove the June collapse, enabling the relief bounce and a bullish EMA cross. The $60 support-turned-resistance has capped prior attempts, so the reclaim is the key structural development.
Support: 55.61
What it said to watch
Sustained H4 close above $60 confirms the breakout; slip back below keeps it capped
US NFP Thu Jul 2 12:30 UTC is the week's key catalyst and could reset this read
Break of the 55.61 YTD low exposes 54.46
13:04 UTC
Downtrend, basing near lows · RSI 54 · price 58.903
Consolidation above $55.69 base after multi-week decline.
The multi-week downtrend from mid-$74 dragged silver below $60 to a $55.69 base, and price has since carved a consolidation between ~$56.60 and ~$60 while grinding off the low. Hawkish Fed repricing and firmer US yields have kept rallies into the $60 handle capped. ATR remains elevated after the sell-off, keeping ranges wide.
Support: 56.60, 55.63
Resistance: 60.00
What it said to watch
H4 close above 60.00 would neutralise the bearish structure
Failure to hold 56.60 opens the 55.63 ytd low
ADP (12:15) / Warsh (13:00) / ISM (14:00) today could reshape this read; NFP Thursday the main risk
09:04 UTC
Downtrend, basing after selloff · RSI 47 · price 57.559
Range above the seven-month low.
Silver rebounded off the seven-month low near 55.63 and is now ranging between the 56.60 range low and the 60.00 pivot cap, but the broader H4 structure stays a downtrend with price under EMA50 after the ~22% YTD collapse. The 58.99 area (50% of the 62.37-55.61 impulse) has repeatedly stalled bounces, keeping supply capping below 60.00. Hawkish-Fed repricing and firm USD remain the backdrop as rebounds toward $60 get sold.
Support: 56.60, 55.63, 55.00
Resistance: 60.00
What it said to watch
H4 close below 56.60 exposes the 55.63 ytd low then 55.00
H4 close above 60.00 pivot cap needed to break the range
ADP/ISM and Warsh today could materially shift this read
Silver remains in a multi-week downtrend, having collapsed ~22% through June into the 55.63 ytd low before a corrective bounce stalled at the 60 pivot. Price rejected from the 60.43 swing high and is drifting back below EMA20 toward the 56.60 shelf, keeping the lower-high structure intact. ATR stays elevated, an expansion regime consistent with the hawkish-Fed/firm-USD backdrop rather than compression.
Support: 56.60, 55.63
Resistance: 60.00, 60.43
What it said to watch
H4 close above the 60.00 pivot would break the lower-high sequence
Break below the 56.60 shelf exposes the 55.63 ytd low
ADP (12:15 UTC), Warsh (13:00) and ISM (14:00) could materially shift this read
Lower highs from 75; near-term higher lows off 56.53.
Silver remains in a broad hawkish-Fed downtrend from 75, but has stabilised after bouncing off the 56.60 area and is now consolidating below the 59.57-60.00 cap. Near-term higher lows since the 55.70 swing low point to a corrective recovery, with price hugging EMA20 while EMA50 stays well overhead. ATR is easing from the selloff extremes as the range tightens under 60.
Support: 56.60, 55.70
Resistance: 59.57, 60.00
What it said to watch
Daily close above 60.00 would neutralize the bearish structure
Loss of 56.60 reopens the 55.70 swing low, then deeper supports
ADP/ISM today and Thursday's payrolls could materially shift this read