Silver remains in a descending channel following the mid-window collapse from 71.5 to 55.6, with lower highs and lower lows framing the structure. Price is basing in the 57-60 band and lifted off the 57s after the soft US CPI miss knocked the hawkish-Fed trade. The bounce is capping under the 60.00 handle while the channel top near 62.50 remains untested.
Support: 57.22, 55.63
Resistance: 60.00, 62.50
What it said to watch
Break of 57.22 swing low exposes the 55.63 7-mo low
H4 close above 62.50 channel top invalidates the downtrend read
PPI Wed 12:30 GMT could reignite inflation bid and pressure silver
21:06 UTC
Downtrend, base attempt underway · RSI 49 · price 58.78
Descending channel, lower highs since $71 flush.
Silver remains inside a descending channel after the sharp mid-window flush from $71.5 to $55.6, with lower highs capping every bounce. The recent recovery off the $57s follows the soft US CPI print unwinding some of the hawkish-Fed premium, lifting price back toward the $59-60 zone before stalling near 58.78. ATR remains elevated, so the channel is still trending rather than compressing.
Support: 57.22, 55.63
Resistance: 60.00, 62.50
What it said to watch
Break below 57.22 exposes the 55.63 7-mo low
H4 close above 60.00 challenges the 62.50 channel top
PPI Wed 12:30 UTC could reprice hike odds and shift this read
17:05 UTC
Downtrend, bounce off lows · RSI 47 · price 58.743
Descending channel, lower highs/lows.
Silver remains in a descending channel with lower highs and lower lows since the mid-window collapse from the $71 area, holding a $57-$60 base for the last several sessions. The soft US CPI print unwound part of the hawkish-Fed trade and lifted price off the $57.22 support, but structure stays capped below the $60.00 handle and the $62.50 channel top. ATR is elevated after the crash, keeping swings wide.
Support: 57.22, 55.63
Resistance: 60.00, 62.50
What it said to watch
H4 close above 60.00 challenges the channel top at 62.50
Break of 57.22 support exposes the 55.63 seven-month low
PPI Wed 12:30 GMT could revive the inflation/hawkish trade and shift this read
17:05 UTC
Downtrend, basing near range floor · RSI 54 · price 58.743
Descending channel, lower highs off 63.25.
Silver remains in a multi-week descending channel below $62.50, carving lower highs since the 63.25 recovery peak, but demand has repeatedly stepped in around the $57 range floor. Price bounced off the $57s and is probing the $59 area after a soft US CPI print undercut the hawkish-Fed trade. ATR(14) is steady with no compression, and the recovery stalls just under the EMA50.
Support: 57.22, 55.63
Resistance: 60.00, 62.50
What it said to watch
Close below 57.22 confirms a lower-low and exposes the 55.63 7-mo low
Close above 60.00 then 62.50 channel top would break the downtrend structure
PPI Wed 12:30 GMT could revive the inflation/hawkish trade and shift this read
Silver remains in a well-defined descending channel since the mid-window crash from $71.5 to $56.53, with the recovery to $62.65 marking a lower high before price rolled over again. It now sits at $57.99, back below both EMA20 and EMA50 and pressing toward the $57.22 pivot, consistent with the hawkish-Fed, energy-driven inflation backdrop into US CPI. Lower highs at $60.60 and $59.85 continue to cap bounces.
Support: 57.22, 56.53, 55.63
Resistance: 59.85, 60.60, 62.65
What it said to watch
H4 close below 57.22 exposes 56.53 then 55.63
Reclaim of 59.85 needed to challenge the channel top
Warsh testimony 14:00 GMT and CPI aftermath could shift this read
Silver remains in a well-worn downtrend, having shed roughly $13 from the early-window $71.5 peak before basing in a $57-$60 channel. Price sits at $57.99 below both EMA20 and EMA50, with the mid-June $62 bounce marking a clear lower high; ATR has compressed off the crash-week extremes, showing the slide is now grinding rather than impulsive. The renewed US-Iran/oil-driven inflation scare and hawkish Fed repricing continue to cap relief bounces into today's US CPI.
Support: 57.22, 55.63
Resistance: 60.00
What it said to watch
H4 close below 57.22 pivot exposes the 55.63 7-month low
Reclaim of the 60.00 psych level needed to challenge the lower-highs sequence
US CPI aftermath and Warsh testimony could materially shift this read
Silver remains in a clear H4 downtrend that ripped from $71 to the $55.6 low mid-window, with the subsequent bounce to $62.65 rolling over into a fresh sequence of lower highs. Price is now a third down leg lower, grinding just above the $57.22 pivot as a hawkish Fed-repricing and firm USD cap the metal into today's US CPI. ATR remains elevated, so range is expanding rather than compressing.
Support: 57.22, 56.53, 55.63
Resistance: 59.80
What it said to watch
US CPI at 12:30 UTC is a HIGH-impact event that can materially shift this read
H4 close below 57.22 confirms continuation and opens 56.53 / 55.63
Reclaim of the 59.80 area would break the current lower-high structure
Silver remains in a clear H4 downtrend, carving lower highs from the 62.65 area after the mid-window collapse from the low-70s. Price is now consolidating in the high-57s just above the 57.22 pivot, capped repeatedly near the 59.80 EMA as a hawkish Fed repricing and firm USD weigh on the non-yielder. ATR is still elevated, keeping swings wide into today's US CPI.
Support: 57.22, 56.534, 55.63
Resistance: 59.80, 62.65
What it said to watch
US CPI at 12:30 UTC could materially shift this read
Break of 57.22 pivot opens 56.53 swing low then 55.63
Close above the 59.80 EMA would challenge the lower-high sequence
05:04 UTC
Downtrend, near range floor · RSI 42 · price 57.718
Lower highs into $57.22 support.
Silver remains in a broad downtrend, pinned in the $55.50-$62.50 channel with a persistent lower-high sequence as hawkish-Fed rate-hike bets and a firm USD keep the metal offered. The recent bounce toward $60.75 has faded back to the $57.22 pivot, with price trading below both EMA20 and EMA50. ATR remains elevated, reflecting the trend-driven expansion seen through the month.
Support: 57.22, 56.856, 55.63
Resistance: 59.80, 60.754, 62.50
What it said to watch
US CPI at 12:30 UTC then Warsh testimony 14:00 UTC — dual catalyst that could reshape this read
Decisive H4 close below 57.22 opens the path to 56.856 then 55.63
Reclaim of the 59.80 9-day EMA needed to challenge the 62.50 channel top
05:04 UTC
Downtrend, grinding lower · RSI 40 · price 57.718
Lower highs within broad channel.
Silver remains in a persistent downtrend, rolling over from the 63.25 swing high back toward the 57.22 cpi pivot, capped along a descending lower-high line. Price trades below both EMA20 and EMA50 with the broad 55.63-62.50 channel intact and a heavy tone. The metal has been pinned sub-60 by firm USD and hawkish-Fed pricing ahead of US CPI.
Support: 57.22, 55.63
Resistance: 59.85, 62.50
What it said to watch
US CPI at 12:30 UTC then Warsh testimony 14:00 UTC — dual catalyst that could reshape this read
Decisive H4 close below 57.22 exposes the 55.63 7-mo low
Reclaim of the 59.85 swing high needed to challenge the descending lower-high line
Silver remains in a well-defined descending channel, printing lower highs since the 62.44 peak and now grinding back toward the 57.22 swing low near the bottom of the $55.50–$62.50 range. Rebounds toward 60 have faded repeatedly, with the latest rejection off 60.75 giving way to renewed selling amid an oil-led inflation, hawkish-Fed backdrop. Price sits below both EMA20 and EMA50 with RSI sub-40, keeping the bearish structure intact.
Support: 57.22, 55.63
Resistance: 59.80, 60.75
What it said to watch
US CPI at 12:30 UTC (HIGH) could materially shift this read
H4 close below 57.22 opens the path to the 55.63 seven-month low
Reclaim of the 9-day ema near 59.80 would question the lower-high sequence
Silver remains in a well-defined descending channel, carving lower highs from 63.25 down toward the 57.22 support cluster after the mid-window collapse from 70. The recent bounce toward 60.75 faded and price is now grinding the lower boundary near 57.60, pressured by the oil-led inflation/hawkish-Fed thread flagged in the macro read. ATR is holding a wide regime, keeping intraday swings large as price sits at the base of the multi-week range.
Support: 57.22, 55.63
Resistance: 60.00
What it said to watch
US CPI at 12:30 UTC could materially shift this read
H4 close below 57.22 opens the path to the 55.63 7-mo low
Reclaim of 60.00 psych needed to challenge the descending channel highs