The broader H4 structure remains lower since the $70 area, but price has recovered roughly 10% off the $55.60 base and broken back above the $60.00 pivot after Thursday's NFP miss forced a dovish Fed repricing. Silver now sits near the 38.2% retracement of that decline and stalls just below the $63.50 first barrier, with ATR(14) expanding as the bounce extends. Higher lows since the base keep the short-covering leg intact for now.
Support: 60.00, 55.60
Resistance: 63.50
What it said to watch
H4 close above 63.50 first barrier opens the 200-day discussion
Failure to hold the 60.00 pivot re-exposes the 55.60 base
ISM Services Mon 14:00 UTC and FOMC Minutes Wed 18:00 UTC are key risk
Silver carved a rounded base near 55.60-56.60 and has ripped ~5% higher, printing higher lows and reclaiming the 60.00 pivot after Thursday's NFP miss (57K vs 110K) crushed Fed hike bets. Price is now capped just under the 63.50 first barrier, with EMA20 and EMA50 both below price on this bounce. The broader multi-week structure remains down from the 71.50 swing high, so the current leg is a recovery inside that damage.
Support: 60.00, 57.50, 55.60
Resistance: 63.50, 66.50
What it said to watch
A clean H4 close above 63.50 opens the path back toward the 66.50 prior swing
Failure to hold 60.00 re-exposes the 57.50 swing and the 55.60 ytd low
ISM Services Mon and FOMC Minutes Wed are the key risks that could reprice this bounce
Silver has carved a rounded bottom off the 55.60 YTD low and is now four bars higher into 62.29, retracing part of the multi-week selloff after the soft NFP print (57K vs 110K) unwound Fed-hike bets. Higher lows since the mid-window trough have lifted price back above the 60.00 pivot, with EMA20 crossing above EMA50 as the rally extends. Structure remains a recovery within a broader downtrend — the 63.50 barrier caps the squeeze.
Support: 60.00, 57.40, 55.609
Resistance: 63.50, 66.00
What it said to watch
H4 close above 63.50 opens the path toward 66.00
Failure to hold the 60.00 pivot re-exposes the 57.40 higher low
FOMC Minutes Wed and ISM Services Mon could reprice hike odds and shift this read
Silver has recovered from the YTD low near 55.60 on a fourth straight up bar to 62.29, the squeeze fed by the NFP miss (57K vs 110K) unwinding Fed-hike bets. The move sits inside a still-bearish larger structure but has carved a rounded base with EMA20 now back above EMA50; ATR remains elevated as the rally extends. Price is now pressing the 62.88 swing high with the 63.50 barrier just above.
Support: 60.00, 58.00, 55.609
Resistance: 62.882, 63.50
What it said to watch
H4 close above 63.50 barrier extends the short-covering squeeze
Loss of the 60.00 pivot signals the bounce fading back toward 58.00
FOMC Minutes Wed and ISM Services Mon could reprice hike bets and shift this read
Recovery leg from the 55.60 YTD base is stretching into a fourth consecutive H4 push higher, reclaiming the $60 pivot and stalling at the 61.8% retrace of the June down-leg near 62.70. The short-covering surge follows the soft NFP miss (57K vs 110K) that cut Fed hike odds and pressed DXY to two-week lows. ATR remains elevated, keeping the recovery expansive, though price still sits below the deeply bearish broader structure.
Support: 60.00, 57.40
Resistance: 64.05
What it said to watch
H4 close back below the $60.00 pivot would negate the reclaim and reopen the 57.40 swing low
Sustained hold above the 62.70 retrace zone opens the path toward the 64.05 prior range
ISM Services Mon 14:00 UTC and FOMC Minutes Wed 18:00 UTC could materially reshape this read
Silver carved a rounded bottom around the 56.53 YTD low and has rallied four sessions straight, clearing the $60 pivot and $61.50 after the soft 57K NFP print cut Fed hike odds. Price now sits at 62.72, roughly a 45% retracement of the 71.54-to-55.61 decline, with ATR(14) expanding as the move extends. Both EMAs sit below price after the base build, confirming the near-term shift up.
Support: 61.50, 60.00, 56.53
Resistance: 62.84, 70.00
What it said to watch
A close back below the 60.00 pivot would reopen the 56.53 ytd low
Sustained move above the 62.84 recent high opens the path toward the 70.00 target zone
ISM Services Mon and FOMC Minutes Wed could materially shift this read
Silver fell from the 72 area to a base near 55.6 before mounting a corrective recovery, adding roughly +3.5% into the print after the June NFP miss (57K vs 110K) trimmed hawkish-Fed bets. Price has now cleared the 61.50 shelf that capped earlier bounces and sits on the 38.2% retracement of the 71.5→56.5 impulse. ATR(14) remains elevated, consistent with an expanding, trending move.
Support: 61.50, 60.40, 55.60
Resistance: 64.00
What it said to watch
Sustained H4 close above 61.50 keeps the recovery intact and opens the 64.00 swing high
Rejection back below 60.40 would put the 61.50 breakout at risk
ISM Services Mon and FOMC Minutes Wed are the next catalysts that could shift this read
Broader H4 structure is a downtrend from 72, but price has carved higher lows off the 55.6 YTD low and rallied ~3.5% on Friday's NFP miss, clearing the $61.50 cap flagged in context. Price now trades at 62.2, retracing 38-50% of the July decline with EMA20 and EMA50 reclaimed and ATR expanding. Immediate supply sits at the 62.58 bounce high with the 50% fib at 63.55 just above.
Support: 60.00, 55.60
Resistance: 62.58, 63.55, 64.00
What it said to watch
H4 close above 63.55 (50% fib) extends the recovery toward the prior swing at 64.0
Failure to hold 60.0 psych puts the higher-low sequence at risk
ISM Services (Mon 14:00 GMT) and FOMC minutes (Wed) are high-impact catalysts that could shift this read
01:05 UTC
Downtrend base recovering, momentum building · RSI 61 · price 61.088
Higher lows since 56.53 bottom, reclaiming $60.
Silver carved a rounded bottom off the 56.53 low and has since climbed back through the $60 barrier, printing higher lows into 61.09. The recovery accelerated after the big US NFP miss (57K vs 110K) unwound hawkish-Fed bets and pressured the dollar. Price is now pressing the $62 area that capped the last swing, with ATR(14) expanding as the up-leg extends.
Support: 58.20, 56.60
Resistance: 62.06
What it said to watch
H4 close above 62.06 opens the path toward the 200-day/$70
Failure to hold the $60 barrier exposes 58.20 then 56.60
ISM Services Mon and FOMC minutes Wed could materially shift this read
Silver carved a rounded base off the 56.53 low and has clawed back above the pivotal $60 barrier, closing 61.09 after the big NFP miss cut hawkish-Fed bets and pressured the USD. Higher-low structure is now intact and price sits above both EMA20 and EMA50, but $60 has capped repeatedly through the year, so converting it into support is the burden of proof. ATR remains elevated, reflecting the wide two-way swings that defined the 55.70-60.00 range.
Support: 60.00, 56.60
Resistance: 62.06, 64.70
What it said to watch
Sustained H4 closes above 62.06 open the path toward the 64.70 swing high
Failure to hold 60.00 rotates price back into the 56.60-60.00 range
ISM Services (Mon) and FOMC Minutes (Wed) could materially shift this read