21:04 UTC
Downtrend, consolidating near lows · RSI 37 · price 58.377
Chain of lower highs and lower lows since Feb peak.
Silver has been in a sustained D1 downtrend since the late-February peak near 96, shedding roughly 40% and printing an unbroken series of lower highs and lower lows below a falling EMU(50). The break below the 60.00 pivot two weeks ago tagged a 55.61 low before price stalled and coiled into a 55.60–60.00 range, with hawkish-Fed repricing and a firmer dollar keeping the metal heavy. RSI sits in the mid-30s — soft but not yet at capitulation extremes.
Support: 55.63, 54.46
Resistance: 60.00
What it said to watch
- US Nonfarm Payrolls Thu 12:30 UTC is the dominant catalyst and could reset this range read
- A daily close above the 60.00 pivot would break the two-week consolidation ceiling
- Failure to hold 55.63 ytd low exposes 54.46