08:16 UTC
Downtrend after parabolic peak · RSI 36 · price 58.515
Reversal, retesting ytd lows.
Silver went parabolic through late 2025, topping near 121 in Q1 2026 before collapsing back into the high 50s — a full rounded-top reversal that has now retraced roughly two-thirds of the 2025 advance. Price sits below both W1 moving averages in a bearish regime the digest frames around a hawkish, hike-biased Fed and an 18% YTD drawdown, with the 60.00 pivot capping this week's short-covering bounce. Demand is being tested at the 55.63/56.60 shelf marking the year's lows.
Support: 55.63, 56.60
Resistance: 60.00
What it said to watch
- Weekly close below 55.63 confirms a fresh lower low
- Reclaim and hold of 60.00 needed to ease downside pressure
- US NFP/AHE in ~4h could materially shift this read