Silver has spent three weeks boxed in a $55-$60 range, carving higher lows off the $54.77 base but repeatedly capped below $59-$60. A softer Core PCE print briefly lifted price toward $59 before firmer yields dragged it back to the mid-$57s, leaving it mid-range with ATR(14) compressing. Price sits under both EMA20 and EMA50 after the latest fade from $59.
Support: 56.64, 54.77
Resistance: 59.00, 60.00
What it said to watch
H4 close below 56.64 opens the path to the 54.77 yearly low
H4 close above 59.00 re-tests the 60.00 handle
ISM Manufacturing PMI Mon 14:00 UTC could shift this range read
21:05 UTC
Range-bound, capped near $59 · RSI 47 · price 57.582
Sideways between 56.64 and 59.30.
Silver remains locked in a multi-day range roughly 56.64-59.30, oscillating around the $58 pivot as hawkish-Fed repricing and firmer yields cap rallies while structural deficit demand cushions dips. Softer Core PCE and weak GDP briefly lifted price toward 59 last week but supply capped there and it slipped back below EMA20/EMA50. ATR is steady, no compression — price is chopping, not coiling.
Support: 56.64, 54.77
Resistance: 59.00, 60.00
What it said to watch
H4 close below 56.64 opens the path to the 54.77 yearly low
H4 close above 59.00 puts the 60.00 handle back in focus
ISM Manufacturing PMI Mon 14:00 UTC (Prices Paid ~70) could break the range