Lower highs and lower lows; bounce off the week low.
Silver shed close to 10% on the week, with the Friday NFP beat (172K vs 85K) triggering the sharpest leg lower and a decisive break through the 200-d sma near 67.79. Price has carved a near-term base at the 66.15 week low and is attempting to retest the broken sma from below, but the broader sequence of lower highs and lower lows is firmly intact. With ATR(14) still elevated, this remains an expansion regime rather than compression.
Support: 67.79, 66.15, 61.01
Resistance: 68.92
What it said to watch
US CPI Wed 12:30 UTC is the dominant near-term catalyst and can reset this read
H4 close back below 66.15 week low reopens the 61.01 shelf
Sustained acceptance above 68.92 swing high would challenge the downside extension
Silver remains in a clear H4 downtrend, shedding roughly 10% off the $74-86 range after Friday's blowout NFP repriced Fed-hike risk. Price is now basing just above the swing low at 67.561 and the 200-day SMA pivot near 67.79, with a modest bounce off 66.153 and RSI deeply oversold suggesting downside momentum is fading. Wide ATR keeps the regime in expansion — moves remain large bar-to-bar.
Support: 67.561, 66.153, 61.01
Resistance: 67.79
What it said to watch
US CPI Wed Jun 10 12:30 UTC is the dominant catalyst — a hot print could break 67.79/66.15 and reopen 61.01
Sustained close back above 67.79 200-sma pivot would neutralise the down-leg
Failure to hold 66.153 confirms continuation of the lower-low sequence
Silver remains in a steep H4 downtrend, having shed roughly 10% on the week after the blowout NFP print fuelled hawkish-Fed repricing, breaking prior supports to a 66.15 low. A relief bounce has since reclaimed the 67.79 200-day pivot, with price now pressing the 69.91 prior high; ATR(14) is expanding, reflecting the volatile down-leg rather than fresh compression.
Support: 67.79, 66.15
Resistance: 69.91
What it said to watch
US CPI Wed Jun 10 12:30 UTC is the dominant catalyst and could materially shift this read
Loss of the 66.15 swing low reopens the 61.00/60.00 region
H4 close above 69.91 would break the lower-high sequence
17:04 UTC
Downtrend, bounce off lows · RSI 39 · price 68.595
Lower highs and lower lows, deeply extended.
Silver remains in an aggressive H4 downtrend, having shed roughly 10% from the $73-78 zone after Friday's blowout NFP fed a hawkish-Fed repricing. Price bottomed at 66.15 and is staging a relief bounce back above the 200-day SMA pivot near 67.79, but the broader structure of lower highs and lower lows is intact and ATR(14) is running wide near 1680 pips, signalling an expansion regime rather than compression.
Support: 67.79, 66.153, 61.01
Resistance: 68.923, 70.00
What it said to watch
US CPI Wed Jun 10 12:30 UTC is the dominant catalyst and could materially shift this read
Sustained H4 close back below 67.79 reopens the 66.15 swing low and the 61.01 shelf
Acceptance above 68.92 recent high would stretch the relief bounce toward 70.0
Lower highs and lower lows, bouncing off two-month low.
Silver remains in a steep H4 downtrend, shedding roughly 10% on the week after Friday's blowout 172K NFP supercharged Fed-hike pricing and the broken 200-day SMA near 67.79 flipped to resistance. Price has carved a fresh two-month low at 66.153 before the latest bar snapped back to 68.654, a relief bounce inside deeply oversold conditions with no structural break of the lower-high sequence. ATR(14) is expanding, confirming the move is still trend-driven rather than stabilising.
Support: 66.153, 61.01
Resistance: 67.79
What it said to watch
US CPI Wed 12:30 UTC is the dominant risk — a hot print can extend the rout toward the 61.01 target
Sustained H4 close back above 67.79 200d sma would neutralise the immediate downside read
Failure to hold 66.153 week low confirms continuation lower
Lower highs, lower lows; reflex bounce off week low.
Silver remains in a steep H4 downtrend, shedding roughly 10% on the week after Friday's blowout NFP (172K vs 85K) supercharged Fed-hike pricing and a firmer dollar. Price sliced the 200-day SMA near 67.79 and printed a 66.15 week low before the latest bar staged a sharp 2-dollar reflex back above that pivot. ATR(14) has expanded with the selloff, so the bounce is unfolding inside a wide, volatile range rather than a structural base.
Support: 67.79, 66.153, 61.01
Resistance: 69.91
What it said to watch
US CPI Wed 12:30 UTC is the dominant near-term risk for this read
H4 close back below 66.15 confirms continuation toward the 61.01 target
Reclaim and hold above 69.91 swing high needed to challenge the downtrend sequence
Relentless H4 downtrend: silver has carved lower highs and lower lows from the 89.36 swing peak, accelerating through the 200-day SMA near 67.79 after Friday's blowout NFP repriced the Fed toward a 2026 hike. Price now sits at 66.84 having printed a fresh range low at 66.153, with RSI near oversold and ATR expanding as the move extends. Rebounds have been capped under the descending lower-highs line.
Support: 66.153, 65.00, 61.01
Resistance: 67.79
What it said to watch
US CPI Wed 12:30 UTC could materially shift this read
A decisive close below 66.153 opens the 65.00 round number then the 61.01 support cluster
Reclaim of the 200-day SMA at 67.79 would challenge the lower-high structure
Lower highs and lower lows, range broken to downside.
Silver is in a clean H4 downtrend, printing successive lower highs and lower lows after the 172K NFP blowout shattered the $72-78 range and triggered a hawkish-Fed repricing. The latest leg accelerated below $69 with price closing at 67.969, well under both EMA20 and EMA50, and RSI deep in oversold territory. The broken $72-78 floor now sits overhead as resistance.
Support: 66.909
Resistance: 72.00
What it said to watch
H4 close back above 72.00 would neutralise the range-break read
Loss of 66.909 confirms downside continuation toward sub-67 psych levels
US CPI Wed Jun 10 12:30 UTC could materially shift this read
01:03 UTC
Downtrend, accelerating · RSI 26 · price 68.17
Lower highs and lower lows, range break extending.
Silver is in an established H4 downtrend, printing successive lower lows after the prior $72-78 range floor gave way; Friday's blowout NFP (172K vs 85K) supercharged the USD and forced the break, with the metal shedding through $69 to a 66.95 swing low. ATR(14) is expanding as the move extends, and price trades well below both the EMA20 and EMA50. The broken $69 round number and $71.79 area now sit overhead as references for any recovery.
Support: 66.95
Resistance: 69.00, 71.79
What it said to watch
US CPI Wed Jun 10 12:30 UTC is a binary risk — a hot print compounds the downside, a cooler core could spark short-covering
An H4 close back above 69.00 would challenge the range-break read
Failure to hold 66.95 confirms continuation to fresh lows