Silver remains in a broader H4 downtrend after the slide from ~63.25 to the 57.21 trough, but has clawed back above the $59 pivot as a softer post-FOMC-minutes USD funds a corrective bounce toward 60.60. Price is now testing the descending sequence of lower highs, with ATR(14) still elevated near 1100+ pips reflecting the recent expansion. The push above EMA20/EMA50 keeps the recovery alive, though structure stays capped below 61.45.
Support: 59.00, 57.22, 56.61
Resistance: 60.60, 61.45
What it said to watch
Close above 60.60 opens the path to the 61.45 channel cap
Failure to hold the 59.00 pivot reopens 57.22 then 56.61
US CPI on Jul 14 12:30 UTC is a key catalyst that could reset this read
Downtrend intact on H4 — lower highs from the $71.5 early-window peak and last week's $63.25 rejection, with price collapsing over $3 into a $57.21 trough before the current corrective bounce back to $59.88. Hawkish-split FOMC minutes and a firmer USD kept precious metals capped, framing this recovery as counter-trend against the descending channel. ATR(14) remains elevated after the sharp weekly drop, so ranges stay wide.
Support: 59.00, 57.22, 56.61
Resistance: 61.45, 63.25
What it said to watch
H4 close above 61.45 would challenge the descending channel and the lower-high sequence
Failure to hold the 59.00 pivot reopens 57.22 then the 56.61 range low
US CPI Jul 14 12:30 UTC is the key catalyst and could reset this read
Silver remains in a multi-week downtrend after bleeding from ~63 toward 57, driven by oil-inflation-led USD strength. Price has reclaimed the 59.00 pivot and is pushing at 60.34 in a corrective bounce off the 57.20 higher low, but the EMA20 still sits below the EMA50 and the descending sequence of lower highs caps rallies. The move is USD-pullback relief within an intact bearish structure below the 61.45 prior high.
Support: 59.00, 57.22, 56.53
Resistance: 61.45, 62.65
What it said to watch
Close below 59.00 pivot re-exposes the 57.22 swing low then 56.53
Close above 61.45 prior high opens the path to the 62.65 swing high
US CPI Tue 12:30 UTC is the key driver and could materially shift this read
H4 remains in a clear downtrend off the $71.5 peak, printing successive lower highs down to the $57.2 swing low. The current push to $60.34 is a corrective bounce driven by a USD pullback into next week's CPI, having reclaimed the $59.00 pivot. ATR near 1170 pips shows volatility staying elevated as price probes back toward the descending trendline and the $61.45 prior high.
Support: 59.00, 57.21, 56.53
Resistance: 61.45
What it said to watch
H4 close back below 59.00 re-exposes the 57.21 swing low then 56.53
Reclaim and hold above 61.45 needed to challenge the descending trendline
US CPI Tue Jul 14 12:30 UTC is the dominant catalyst for this read
Silver remains in a clear H4 downtrend, sequencing lower highs from the 63.25 pivot after the Iran-driven inflation/USD repricing crushed the metal from ~63 to sub-58. Price is now basing between 57.21 and the 59-60 band, with a mild bullish RSI divergence forming as lows flatten. The broader structure stays bearish while the descending lower-high line and 60.85 range top cap the bounce.
Support: 57.208, 56.534
Resistance: 60.85
What it said to watch
H4 close above 60.85 breaks the lower-high sequence and shifts the read
Failure to hold 57.21 confirms a fresh lower low toward 56.53
US CPI on Jul 14 is the key catalyst that could materially reshape this read
Lower highs, lower lows; recovering off swing low.
Downtrend intact on H4: price rolled over from the $63 area into a $57.21 swing low before bouncing back to the $59 pivot. Silver was crushed on Iran-driven oil/inflation fears and hawkish Fed repricing, and it trades below both EMA20 and EMA50 with the recovery so far capping under the prior lower-high line. ATR remains elevated, keeping the tape two-way and choppy.
Support: 57.208, 56.534
Resistance: 60.97
What it said to watch
H4 close above the 60.97 lower-high line would challenge the downtrend read
Failure to hold 57.21 swing low confirms a lower low toward 56.53
Silver stayed in a clear H4 downtrend, shedding ~7% from the ~63.25 peak to a 57.21 swing low as hawkish Fed repricing and an oil-driven inflation premium bid the USD instead of metals. Price is now basing in the high-57s/58s and pushing back toward the 60 pivot, but structure remains a sequence of lower highs with EMA20 and EMA50 capping overhead. The decline is stalling rather than reversing.
Support: 57.21, 56.61
What it said to watch
Close below the 57.21 swing low exposes the 56.61 range low
Reclaim of the 60 pivot needed to challenge the descending lower-high structure
Jobless Claims 12:30 UTC and Williams 13:00 UTC today; US CPI Jul 14 the larger catalyst
Silver remains in a clear H4 downtrend, having been crushed from the $63 peak to sub-$58 as hawkish Fed repricing and a firm USD drove safe-haven flow away from metals. Price is now basing in a tight 57.2–59.3 band beneath both EMAs, with ATR still elevated from the impulse leg. The 60.00 pivot caps any recovery while the 57.21 swing low marks the floor of the current range.
Support: 57.21, 56.61, 55.00
Resistance: 60.00
What it said to watch
H4 close below 57.21 swing low exposes 56.61 support then 55.00
Reclaim of the 60.00 psych pivot needed to ease downside pressure
US Initial Jobless Claims 12:30 UTC and Williams 13:00 UTC could shift this read
US CPI Jul 14 is the larger catalyst for the metal
Silver stays in a clean H4 downtrend, printing lower highs and lower lows after the collapse from the ~63 peak on risk-off flows and a firmer USD. Price is pinned below EMA20 and EMA50 and has broken the prior 59-60 shelf, now probing toward the 56.61 pivot with ATR(14) elevated. RSI near 37 shows momentum still to the downside without being fully oversold.
Support: 56.61, 55.79
Resistance: 59.03
What it said to watch
H4 close below 56.61 opens the path toward 55.79
Reclaim of 59.03 needed to challenge the 60-61 supply band
US CPI Jul 14 12:30 UTC is the key catalyst for this read
05:04 UTC
Downtrend, momentum sellers in control · RSI 37 · price 57.862
Lower highs and lower lows since $63.28 peak.
Silver is trending firmly lower on H4, printing successive lower highs and lower lows since the $63.28 peak, with the risk-off, firmer-USD backdrop and hawkish FOMC minutes weighing on the non-yielding metal. Price has broken the prior $59-60 support and is now probing the $57.2 swing low, with ATR(14) staying elevated as the selloff extends. Price sits below both EMA20 and EMA50, keeping the descending channel intact.
Support: 57.208, 56.61, 55.79
Resistance: 59.00
What it said to watch
Sustained H4 close below 56.61 opens the path toward 55.79
H4 close back above 59.0 would challenge the lower-high structure
US CPI on Jul 14 12:30 UTC is the key catalyst for this read
Lower highs and lower lows since 63.25 swing high.
Silver remains in a clean downtrend, printing lower highs and lower lows off the 63.25 pivot as the Iran-Hormuz oil spike revived Fed hike bets and pressured non-yielding metals. Price has broken 60.00 and 59.00 and is now compressing just above the 57.21 swing low, with EMA20 and EMA50 stacked overhead. RSI near 36 reflects sustained selling pressure without yet reaching washout territory.
Support: 57.21, 56.53
Resistance: 59.00, 60.00
What it said to watch
H4 close back above 59.00 challenges the lower-high structure
Loss of 57.21 confirms a fresh lower-low, exposing 56.53
US Initial Jobless Claims and Williams (13:00 UTC) could shift the rate-driven read
Silver remains in a clear H4 downtrend, sliding from the 63.25 swing high to 58.30 as hawkish Fed hike bets and Iran/oil-driven inflation fears pressure the metal. Price is trading below both EMA20 and EMA50 with the 59.00 reclaim level now acting as resistance after the break lower; the 57.21 swing low is the immediate structural floor. ATR remains elevated, consistent with an expanding, trending move rather than compression.
Support: 57.208, 56.61, 55.00
Resistance: 59.00
What it said to watch
H4 close back above 59.00 reclaim needed to challenge the downtrend read
Failure to hold 57.21 swing low exposes the 56.61 prior low then 55.00 psych
US CPI on Jul 14 is the key test for the hike thesis driving silver