Silver gapped from the $68 area to $70 over the weekend on US-Iran de-escalation hopes, clearing both the 200-day SMA at $67.25 and the $69 prior resistance that capped earlier this week. The move extends a recovery off the mid-week crash low near $61.50, with RSI(14) stretched into the low-70s. Price is now pressing the $70.00 psych level after tagging a session high at 70.22.
Support: 69.00, 67.25
Resistance: 70.00, 70.22
What it said to watch
Loss of $69.00 prior resistance turns the gap into a false break and reopens the 200d sma at $67.25
HIGH-impact FOMC dot plot Wed Jun 17 18:00 UTC and Retail Sales 12:30 UTC can materially shift this read
A clean hourly close above $70.00 psych extends the recovery
Silver opened the new week with a sharp gap up from Friday's 68.04 close to 69.43, clearing the 69.00 prior-resistance and the 200-day sma at 67.25 in one move on US-Iran de-escalation hopes. Price is now testing the 70.00 psych level after a week that round-tripped from 61.49 back above 70, with RSI(14) pushed into overbought near 71 and price stretched well above EMA20 and EMA50. The session high at 70.22 caps the initial push.
Support: 69.43, 69.00, 67.25
Resistance: 70.22, 70.00
What it said to watch
An H1 close back below 69.43 opens the weekend gap base toward 69.00
Loss of the 69.00 prior-resistance shifts the read back to the 67.25 200-day sma
FOMC dot plot and Retail Sales Wed could materially shift this read
Silver has clawed back from the mid-week YTD low at 61.49 in a steady run of higher lows, reclaiming the 200-day SMA at 67.25 on US-Iran de-escalation hopes and softer US yields. Price now sits at 68.04, retesting that reclaimed level from above with RSI cycling in the upper-50s/low-60s. The 68.34 recent high and 69.01 week high cap the recovery — supply has stalled the last two pushes.
Support: 67.25, 66.43
Resistance: 68.34, 69.01
What it said to watch
H1 close above 69.01 opens the path toward 70.00
Failure to hold 67.25 reopens the downside back toward 66.43
US Retail Sales and FOMC dot plot Wed could materially shift this read
Sharp V-recovery off the mid-week YTD low near 61.50, with price grinding back through the 200-day SMA at 67.25 on US-Iran de-escalation hopes and softer US yields. Higher lows have held since the rebound and price sits above both EMA20 and EMA50, but the 68.34 session high has capped the latest push, with RSI cycling in the upper-50s/low-60s rather than extended. The reclaim of 67.25 turns it from cap to first support.
Support: 67.25, 66.50
Resistance: 68.34, 69.00
What it said to watch
H1 close above 69.00 opens room toward the 70.00 area
Failure to hold 67.25 reopens 66.50 and the broader breakdown
FOMC dot plot Wed 18:00 UTC is the dominant catalyst and could reset this read
21:05 UTC
Recovery uptrend off YTD low, momentum cooling near range top · RSI 58 · price 68.041
Higher lows since the 61.49 base, capped in the high-67s/low-68s.
A sharp V-recovery off the YTD low at 61.49 — fuelled by US-Iran de-escalation hopes after the mid-week Fed-hike-driven collapse — has carried silver back above the 200-day SMA pivot at 67.25, with price holding the low-68s into Friday's NY close. The advance is built on a clean sequence of higher lows and price sits above both EMAs, while RSI(14) cycles in the upper-50s. The 68.34 swing high has capped the latest push; 69.00 remains the broader cap flagged by macro desks.
Support: 67.25
Resistance: 68.34, 69.00
What it said to watch
H1 close above 69.00 opens the path toward 70.00
Failure to hold the 200-day SMA at 67.25 reopens the mid-60s
FOMC rate projections Wed could materially shift this read
Higher lows since Thursday's YTD low, grinding into resistance.
Silver has staged a sharp recovery off Thursday's YTD low near 61.49, climbing back above the 200-day SMA at 67.25 on US-Iran de-escalation hopes and softer US yields. Price is holding above EMA20 with a sequence of higher lows since the rebound began, but the push is now stalling into 68.34 with RSI(14) flattening around 60. The 67.25 pivot, broken on the way up, is now acting as a retest reference.
Support: 67.25, 66.20
Resistance: 68.34, 69.00
What it said to watch
Sustained close above 69.00 opens the path toward 70.00
Loss of 67.25 reopens the downside back toward 66.20 and the YTD low
FOMC dot plot Wed 18:00 UTC and Retail Sales 12:30 UTC are dominant catalysts that could reset this read