Higher highs and higher lows, consolidating below 81.50.
Silver has been in a strong uptrend all week, rallying from 72.60 into the 82.11 swing high before a sharp rejection drove price back to 79.30. The recovery into Monday's NY session has stalled around the 80.85 session high, with price now coiling above EMA(20) and RSI(14) flat in the mid-50s. Structure remains constructive while the 79.55 swing low holds, but momentum has clearly cooled from last week's impulse.
Support: 79.55
Resistance: 80.85, 81.60, 82.11
What it said to watch
H1 close below 79.55 swing low breaks the week's higher-low sequence
Reclaim of 81.60 swing high reopens the path to the 82.11 week high
US CPI later this week is a known catalyst that could materially shift this read
Higher highs and higher lows; consolidation under 81.50.
Silver has trended higher across the week from 72.60 to a 82.11 spike high, with the FXStreet-flagged industrial demand bid lifting price through 78.85 and the EMA(20) acting as a dynamic floor on each pullback. Last Friday's rejection from 82.11 produced a sharp pullback into 78.85, but the swing low at 79.85 held cleanly and price has rebuilt back toward the 81.10 session high. RSI(14) has cooled from overbought toward the mid-50s, taking heat out of the move while structure remains intact.
Support: 79.85, 78.85
Resistance: 81.10, 81.68, 82.11
What it said to watch
Hourly close below 79.85 swing low breaks the sequence of higher lows
Reclaim and hold above 81.68 week high reopens the 82.11 spike high
US-Iran headline risk and the Trump-Xi summit later this week could shift the read
07:01 UTC
Uptrend, extended after thrust · RSI 55 · price 80.536
Silver ran from 72.60 Monday to a 82.11 week high mid-Thursday, then sold off into 78.46 before buyers reclaimed 80.00 on industrial-demand headlines and Strait of Hormuz risk. Price is now coiling between 79.31 and 81.00 above both EMAs, holding the breakout zone with RSI back at neutral 55. Structure remains constructive while 79.31 swing low holds.
Support: 80.00, 79.31, 78.50
Resistance: 81.00, 81.68, 82.11
What it said to watch
Reclaim of 81.00 session high opens path back to 81.68 week high and 82.11
H1 close below 79.31 swing low breaks the higher-low sequence and exposes 78.50 prior breakout
US-Iran headline risk could drive a gap on the next session open
06:01 UTC
Uptrend, pullback in progress · RSI 48 · price 79.98
Higher highs into 82.11, now retracing toward EMA20.
Silver rallied from 72.63 early last week to a 82.11 peak before sellers stepped in twice at 81.60 zone, with bearish RSI divergence forming on the second push. Price has since cycled between 79.30 and 80.80, slipping back below EMA20 as the FXStreet note on industrial demand failed to extend the move. Structure remains constructive above 79.30 but momentum has flattened.
Support: 79.30
Resistance: 80.80, 81.60, 82.11
What it said to watch
Hourly close below 79.30 swing low would break the week's higher-low sequence
Reclaim of 80.80 intraday high would re-engage the uptrend toward 81.60
Trump-Xi state visit May 13-15 and Iran headlines could drive gap risk
Higher highs and higher lows since Wednesday, pause near 81.50.
Silver has been in a strong uptrend since Wednesday's NY session, breaking through 78.00 and 80.00 on the way to a week high at 82.11 before pulling back. Price is now consolidating around 80.30–80.95 after the Asia session push back above 80.00, with EMA(20) tracking just below as dynamic support. RSI(14) has cooled to the high-50s after overbought readings on the impulse, leaving room for either continuation or further pullback into the breakout base.
Support: 79.85
Resistance: 81.50, 82.11
What it said to watch
Hourly close back below 79.85 session low would break the short-term higher-low structure
Reclaim of 81.50 session high opens path to retest 82.11 week high
Headline risk around US-Iran negotiations could trigger gap moves outside normal H1 ATR
04:01 UTC
Uptrend, pullback in progress · RSI 58 · price 80.647
Higher highs and higher lows since last week.
Silver has trended firmly higher across the window, accelerating through 76–80 on industrial demand flows and Iran-related risk premium. Last week's push tagged 82.11 before a sharp rejection back to the 79.30 area, where buyers stepped in to reclaim the 80.00 round number. Early Asia today rallied back to 81.60 then faded, leaving price consolidating just above EMA20 with RSI mid-range.
Support: 80.00, 79.30
Resistance: 81.60, 82.11
What it said to watch
H1 close back below 80.00 round number would crack the pullback low at 79.30 and threaten the uptrend
Reclaim of 81.60 session high opens path back to the 82.11 week high
Headlines around the US-Iran peace track and Trump's China visit (May 13-15) could materially shift this read
Higher highs and higher lows since Monday's open, capped under 82.11.
Silver has run from sub-73 on Monday to a 82.11 week high, with the cleanest impulse during the NY session two days ago. Price has since rotated lower into 79.30 before stabilising and reclaiming 80.80 in the latest hour, leaving the structure as a pullback within an uptrend. RSI(14) has reset to the mid-50s after stretching overbought near the highs, and both EMA(20) and EMA(50) sit below price.
Support: 80.34, 79.31
Resistance: 81.60, 82.11
What it said to watch
Hourly close back below 80.34 swing low reopens the 79.31 prior swing
Break and hold above 81.60 session high puts the 82.11 week high back in play
China CPI beat (1.2% vs 0.8%) and Iran headline risk remain active drivers for the metal
Silver has been in a clean uptrend since Monday's session open, rallying from 72.50 to a week high at 82.11 before a Thursday pullback found support at 78.50. Friday's NY session reclaimed 80, and the current Asian session is pushing back to retest the 81.68 week high after China's hot April CPI print and renewed Iran-US tensions weighed on risk. Price holds above EMA20 with RSI(14) cycling 55–70 on each pullback, consistent with continuation behaviour.
Support: 80.30, 79.30, 78.50
Resistance: 81.68, 82.11
What it said to watch
Sustained close above 81.68 week high opens path toward 82.11 extension
Loss of 80.30 intraday low reopens the 79.30 pullback low
Iran-US headline risk could materially shift this read
Pullback from week high, holding above prior breakout shelf.
Silver carried a strong impulse from the low-73s into 82.11 across the week, with NY sessions driving most of the work. Price has since rolled over from the week high, printing a swing low at 79.30 and bouncing modestly; RSI has cooled from overbought into the mid-50s, leaving a bearish divergence against the late-week peak. The 80.50 area is now an intraday cap and the structure sits in a corrective pullback while still above the prior 78.50 breakout shelf.
Support: 79.30, 78.50
Resistance: 80.50, 81.50, 82.11
What it said to watch
H1 close back above 80.50 reopens the path to the 81.50 session high
Loss of the 79.30 swing low exposes the 78.50 prior shelf
Iran/Hormuz headline risk over the Asia session could drive a gap and override structure
00:01 UTC
Uptrend, pullback in progress · RSI 48 · price 79.878
Higher highs into 82.11 peak, now consolidating sub-80.
Silver ripped from 72.50 through 82.11 across the week, propelled by USD weakness and Hormuz/Iran headlines, before rejecting hard from the 82.11 peak and shedding nearly $3 into the 79.30 area. Price is consolidating below the EMA20 but still above EMA50, with RSI(14) reset back to neutral after deep overbought readings — a classic pullback after an extended impulse. The 79.30 swing low is the immediate pivot for whether this is a pause or a deeper unwind.
Support: 79.31, 78.46
Resistance: 80.30, 81.48, 82.11
What it said to watch
H1 close below 79.31 swing low opens path to 78.46 prior swing
Reclaim of 80.30 intraday high puts 81.48 swing high back in play
Further Iran/Hormuz escalation headlines could reignite the bid
China CPI release in Asia session may drive USD-side volatility