Silver carved a higher low at 70.85 in late April and has since reclaimed 80.00, with the recent 77.74 → 82.11 impulse re-engaging the prior month high at 82.42. Price is consolidating between the 79.31 swing low and the 81.60 swing high after a sharp rejection from 82.11, while EMA20 and EMA50 both sit below price and have crossed bullish. ATR(14) of ~1.4 (silver points) flags an expanded vol regime, consistent with trend continuation rather than compression.
Support: 79.31
Resistance: 81.60, 82.42, 83.03
What it said to watch
H4 close above 82.42 reopens the 83.03 range top
Loss of 79.31 swing low breaks the higher-low sequence
US CPI later this week could materially shift this read
05:01 UTC
Uptrend resuming after pullback · RSI 62 · price 80.645
Higher-low reclaim, prior swing high in play.
Silver has reclaimed the prior breakout base near 77.10 and is pressing back into the 82.11 swing high after a textbook higher-low at 71.29. Price is trading above both EMA20 and EMA50 with RSI in the low-60s — momentum constructive but not stretched, and ATR remains elevated reflecting the wide multi-week range. Industrial-demand headlines and lingering Iran/Hormuz risk keep the macro backdrop supportive of the reclaim.
Support: 79.30, 77.10
Resistance: 82.11, 83.03
What it said to watch
H4 close above 82.11 prior high opens path back to 83.03 range top
Loss of 79.30 swing low would negate the reclaim and re-open 77.10 breakout base
Iran/Hormuz headlines remain the dominant catalyst for gap risk
Higher-low printed at 70.85, price re-engaging supply at 80-82.
Silver carved a double bottom around 70.85-72.20 in late April before staging a sharp impulse back to the prior swing high at 82.11, where supply has so far rejected. Price has since pulled back to 79.87, sitting above both EMAs with RSI mid-range, leaving the multi-week structure constructive but capped beneath the 82-83 zone. Iran/Hormuz headlines and last week's USD weakness underpin the recovery noted in Friday's XAG/USD commentary.
Support: 78.50, 75.40, 70.85
Resistance: 82.11, 83.03
What it said to watch
H4 close above 82.11 swing high opens the path to 83.03 range high
Loss of 78.50 swing low reopens the 75.40 pivot
Hormuz / Iran ceasefire headlines could materially shift this read