XAG/USD AI Live Scan, 1-hour chart, Sunday, 12 July 2026
Every read JAFX AI made on the XAG/USD 1-hour chart that day, newest first: trend, structure, the levels it marked and what it said to watch.
23:03 UTC
Downtrend, bounce faded · RSI 41 · price 58.633
Lower highs, gap lower below EMAs.
Silver sold from ~62 at the start of the week to a 57.22 weekly low, then bounced toward 60 before the recovery stalled under the $60 psych level. A weekend gap lower reopened near 58.7 and price now sits below both EMA20 and EMA50 with RSI back in the low 40s, keeping the descending channel intact. The failed retest of 60 leaves last week's bounce looking corrective ahead of Tuesday's US CPI.
Support: 57.22
What it said to watch
US CPI Tue 12:30 UTC is the dominant catalyst and could materially shift this read
Close below 57.22 weekly low opens the path to 55.63
Reclaim of the $60 psych level needed to challenge the channel top
23:03 UTC
Downtrend, weekend gap lower · RSI 40 · price 58.633
Descending channel, lower highs into gap.
Silver opened the fresh week with a gap lower, printing 58.87 against Friday's 59.85 close and slipping to 58.63, back under both EMAs. This follows a full-week bleed from ~62 into a 57.22 low, a bounce toward 60.75, and renewed pressure into the descending channel. Move fits the hawkish-Fed backdrop as the market braces for Tuesday's US CPI.
Support: 57.22, 55.63
Resistance: 59.85, 60.00, 60.75
What it said to watch
US CPI Tue 12:30 UTC is the dominant catalyst and could reset this read
Close back through the 59.85 gap fill would neutralise the weekend gap
Loss of 57.22 weekly low opens the 55.63 channel target
Reclaim of the 60.00 psych level challenges the lower-highs sequence
Silver shed over $3 this week, sliding from ~$62 to a 57.22 weekly low as US-Iran de-escalation and firm yields kept the metal heavy, before demand lifted it back toward $60. Price has since coiled in a 59.27–60.00 range, pinned just under the $60 psych level with RSI mid-range. Higher lows off 57.22 hold, but each push to $60 has faded.
Support: 59.27, 57.22
Resistance: 60.00, 60.75
What it said to watch
H1 close above 60.00 psych opens the path to the 60.75 prior high
Loss of the 59.27 swing low exposes the 57.22 weekly low
US CPI Tue 12:30 UTC is the dominant catalyst and could reset this range
Silver slumped from ~62 to a 57.22 weekly low earlier this week on hawkish-Fed and oil-inflation fears, then bounced toward the 60.75 wk high before stalling. Price is now consolidating around EMA(20) in a 59.3–60 band, holding above EMA(50) with RSI(14) hovering near 48 after the correction. The 60.00 psych level caps the recent recovery attempts.
Support: 59.28, 58.80, 57.22
Resistance: 60.00, 60.75, 61.37
What it said to watch
Close below 59.28 swing low confirms a lower-low, exposing 58.80
Reclaim of 60.75 wk high opens the 61.37 area
US CPI Tue Jul 14 12:30 UTC is the dominant catalyst and could materially shift this read
Silver slid from Monday's ~62 open to a 57.22 weekly low before a relief bounce stalled at the 60.75 swing high; price now consolidates just under the $60 psychological mark, tracking EMA(20) near 59.80. RSI(14) sits mid-range around 48 after the bounce faded through the NY session. The descending channel off the week's highs remains intact.
Support: 59.28, 57.22
Resistance: 60.75
What it said to watch
H1 close below 59.28 swing low reopens the 57.22 weekly low
Reclaim of the 60.75 swing high needed to challenge the channel top
US CPI Tue 12:30 UTC is the dominant catalyst and could reset this read
Silver plunged to a 57.22 weekly low midweek before recovering toward 60.75, but that swing high has capped and price is now drifting in a lower-high sequence back to the $60 psych level. It sits just under EMA20 with RSI(14) around 49, reflecting the stalled pullback within the broader descending channel. Friday's slip kept the metal pinned near 59.85 as a soft dollar and Iran de-escalation offset hawkish-Fed pressure.
Support: 59.27, 58.85, 57.22
Resistance: 60.00, 60.75
What it said to watch
H1 close back above 60.00 psych would reopen the 60.75 swing high
Loss of 59.27 range low exposes 58.85 swing low then the 57.22 weekly low
US CPI Tue Jul 14 12:30 UTC is the dominant catalyst and could reset this read