Silver rebounded off the 56.86 week low after yesterday's soft US CPI print, spiking to 59.66 before settling into a tight consolidation around 58.65. Price holds above EMA20 with RSI cycling mid-range, and the 59.37–59.80 EMA band has capped the recovery so far. Higher-lows since the CPI low keep the bounce structure intact while the 58.47 range floor holds.
Support: 58.47, 57.79, 56.86
Resistance: 59.66, 59.80
What it said to watch
H1 close above 59.66 spike high opens the 59.80 ema band and beyond
Loss of the 58.47 range floor exposes 57.79 and the 56.86 week low
US PPI + Warsh testimony Wed 12:30/14:00 GMT could reset this read
Silver spiked off the sub-57 area into yesterday's soft US CPI print, tagging 59.64 before settling into a tight 58.6–58.8 consolidation through the Asia session. Price holds just above EMA(20) but below EMA(50), with RSI(14) cooling to the low-50s after the impulse. The descending sequence of lower highs from earlier in the week still caps rallies below the 59.28 swing high.
Support: 58.06, 57.06
Resistance: 59.28, 59.64
What it said to watch
H1 close above 59.37–59.80 needed to pressure the lower-high structure
Failure to hold 58.06 reopens the 57.06 week low
US PPI Wed 12:30 GMT could materially shift this read
Silver spiked to 59.65 on Tuesday's soft US CPI miss before fading back to 58.68, now consolidating in a tight flag beneath the highs. Price holds above EMA20 and EMA50 with RSI in the mid-50s, but the pop stalled below the 59.37–59.80 cap that has held all week. The broader window stays a $56.86–$60.60 range with lower highs intact.
Support: 58.47, 57.79
Resistance: 59.28, 59.80
What it said to watch
H1 close above 59.80 ema cap challenges the week's lower-high structure
US PPI and Warsh testimony Wed could reset this read
Failure to hold 58.47 range low exposes the 57.79 cpi base
Silver spent the week in a descending channel of lower highs, gapping lower into Monday's session and grinding down to a 56.86 week low before demand stepped in. The soft US June CPI print triggered a sharp relief spike to 59.66 on Tuesday, after which price has consolidated in a tight 58.6–58.8 band. RSI has recovered to the mid-50s and price is holding just above EMA20, but the 59.37–59.80 area has yet to be reclaimed.
Support: 57.40, 56.86
Resistance: 59.37, 59.66
What it said to watch
H1 close above 59.37 ema resist would challenge the channel's lower-high structure
Failure to hold 57.40 swing low re-exposes the 56.86 week low
Wed US PPI (12:30 GMT) and Warsh testimony (14:00 GMT) could materially shift this read
Descending channel, higher lows off Tuesday's base.
Silver based near 56.86 mid-week and spiked to 59.64 on the soft US CPI miss before fading — that spike high was rejected and price has since consolidated 58.4–58.8 above the EMA20. The broader structure stays a descending channel of lower highs from 60.6, so the current move reads as a relief bounce rather than a trend turn. RSI(14) has cycled back to the mid-line after the CPI-driven push.
Support: 58.42, 57.22, 56.86
Resistance: 59.64, 60.00
What it said to watch
H1 close above 59.64 then 60.00 would break the channel and negate the lower-high read
Loss of 57.22 wk support reopens the 56.86 swing low
PPI Wed 12:30 GMT (core YoY f/c 5.2%) could materially shift this read
Consolidating $58–59 after CPI-driven recovery off sub-$57 lows.
Silver spiked to a 59.66 spike high on the soft US CPI print, unwinding part of the hawkish-Fed trade, but the move faded back into a $58–59 consolidation and has held above EMA20 since. The broader descending channel from earlier-week highs is still intact, with the range low at 58.42 capping the pullback and 57.06/56.86 marking the week low below. RSI sits mid-range after cycling up from oversold on the bounce.
Support: 58.42, 57.06, 56.86
Resistance: 59.66, 60.00
What it said to watch
Sustained H1 close above 60.00 round number would challenge the channel structure
Loss of 58.42 range low reopens 57.06 swing low and the 56.86 week low
PPI Wed 12:30 UTC and Fed speakers could materially shift this read
Silver bounced roughly $1.80 off Monday's low near $56.86, spiking to $59.66 in the NY session as the soft US CPI print undercut the Fed-hike trade. Price has since consolidated in the $58.5–$58.8 area, holding above EMA20 but repeatedly capped below the $59.00 round number. The move sits inside the week's broader descending structure below $60.
Support: 58.47, 57.53
Resistance: 59.06, 59.66
What it said to watch
H1 close above 59.06 round opens the path to 59.66 week high and $60.00
Failure to hold 58.47 swing low reopens 57.53 week low
PPI Wed 12:30 GMT could materially shift this read
Recovery off lows, consolidating below spike high.
Silver snapped higher into the NY session after the soft US CPI print, spiking to 59.64 before fading back to the 58.5-58.8 area. The move recovered price from sub-57 lows earlier in the week, but the metal still sits inside a descending channel of lower highs. Consolidation has held above the 58.47 range floor while 59.64 caps the upside.
Support: 58.47, 57.72, 57.22
Resistance: 59.64, 60.00
What it said to watch
H1 close above 59.64 spike high opens the 60.00 psych level
Loss of 58.47 range floor exposes 57.72 swing low, then 57.22 key support
PPI Wed 12:30 GMT and Fed speakers could materially shift this read
Silver spiked to 59.66 during NY hours on the soft US CPI print before fading back to 58.6, unwinding most of the impulse. The week's structure stays a descending channel of lower highs, but demand stepped in twice near $57 and price now holds above both H1 EMAs. RSI(14) sits mid-range around 52, reflecting the two-way tone after the miss.
Support: 57.26
Resistance: 59.66, 60.00
What it said to watch
H1 close above 59.66 opens the path toward the 60.00 round number
Loss of the 57.26 week low exposes 55.63 seven-month low
PPI Wed 12:30 GMT could materially shift this read
Silver has spent the week grinding lower inside a descending channel, sliding from the 60.75 high toward sub-57 before demand stepped in around 56.86–57.26. The soft US CPI print (core YoY 2.6% vs 2.8%) sparked a sharp leg to 59.66 before the move faded back to the 58.60s, leaving price straddling EMA20 but still capped by the channel's lower-high line. RSI has cooled back to the low-50s after tagging 60 on the bounce.
Support: 57.26, 56.86
Resistance: 59.66, 60.00, 60.75
What it said to watch
H1 close above 59.66 would challenge the 60.00 psych level and the channel top
Failure to hold 57.26 exposes the 56.86 week low
PPI Wed 12:30 GMT could materially shift this read
Lower highs, lower lows in descending channel; recovering off week low.
Silver has been pinned in a descending channel all week, dropping hard from 60.75 into a sub-57 base after Monday's oil-inflation surge in the dollar. Today's soft US CPI print sparked a spike to 59.65 that was rejected, leaving price back at 58.76 and mid-channel. RSI(14) has cycled back to the mid-50s and price is holding just above EMA(20), a roughly 50% retrace of the week's decline.
Support: 57.22, 56.86
Resistance: 59.65, 60.00
What it said to watch
H1 close above 60.00 would break the channel of lower highs
Failure to hold 57.22 support exposes the 56.86 week low
PPI Wed and Fed speakers (Warsh/Williams) could materially shift this read
Silver spent most of the week grinding lower inside a descending channel, bottoming near the $57 range low before the soft US CPI print sparked a sharp reclaim — an impulsive spike into 59.66 that was quickly rejected. Price has since settled back to the mid-$58s, holding above EMA20 with RSI cycling back to neutral around 53. The corrective leg has retraced roughly half of the week's slide but the swing high sequence still points down.
Support: 57.79, 57.22, 56.86
Resistance: 59.66
What it said to watch
Hourly close above 59.66 swing high would break the lower-high sequence
Failure to hold 57.79 spike base reopens the 57.22 range low, then 56.86 week low
PPI Wed and Fed speakers later today could materially shift this read
Descending channel, higher low forming off sub-57 base.
Silver reclaimed the low-58s after a soft US CPI print knocked the hawkish-Fed/oil-inflation trade, spiking to 59.66 in the NY session before fading back near 58.71. The bounce lifts price back above EMA(20) and EMA(50) but structure still sits inside a descending channel — lower highs from 60.75 remain intact and the 59.66 spike was rejected on the pullback.
Support: 57.22, 56.86
Resistance: 59.66, 60.00, 60.75
What it said to watch
H1 close above 59.66 then 60.00 would extend the bounce toward the channel top
Failure to hold 57.22 reopens the 56.86 week low
Fed speakers today and PPI Wednesday could materially shift this read
Silver spiked off the sub-$57 lows and rallied to 59.66 after the soft US CPI print unwound the hawkish-Fed trade, before fading back to 58.72 into the NY session. Price has reclaimed EMA20 with RSI cycling into the low 60s, but the structure remains a descending channel of lower highs beneath the $60 handle. The bounce stalled at 59.66 and the 60.00 psych level still caps the recovery.
Support: 57.40, 57.22
Resistance: 59.66, 60.00
What it said to watch
H1 close above 60.00 would break the channel top and negate the lower-high structure
Loss of 57.40 swing low re-exposes 57.22 support, then deeper channel lows
PPI Wed 12:30 GMT could materially shift this read
Silver bounced off the sub-57 zone into the NY session as a soft June CPI print (headline -0.4% MoM, core flat) cut the oil-driven Fed-hike premium, driving the 57.79-to-59.64 impulse bar. Price now sits back above EMA(20) and EMA(50) with RSI(14) recovering toward 62, but the move stalls into the 59.37 area that has capped this week. Structure remains a descending channel off the 60.75 peak — this is a retest of prior supply, not yet a reversal.
Support: 57.22, 56.86
Resistance: 59.37, 59.64, 60.30
What it said to watch
H1 close above 59.37 opens the 59.80/60.30 channel top
Loss of 57.22 exposes the 56.86 week low
PPI tomorrow 12:30 GMT (core YoY f/c 5.2%) could reassert the cap
Recovery into channel resistance after post-CPI spike.
Silver ripped off the 57.06 week low on the soft US CPI print, spiking through 58 to tag 59.64 before stalling just under the 59.37 cap into the NY session. Price now sits above the H1 EMA(20)/EMA(50) with RSI(14) mid-60s, but the move is a relief bounce inside a broader descending channel — the sub-59.80 supply zone has repeatedly framed lower-highs this week.
Support: 58.03, 57.22
Resistance: 59.373, 59.643, 59.80
What it said to watch
Hourly close above 59.37 opens the path to 59.80 channel top
Failure to hold 58.00 puts the 57.22 pivot back in play
Tomorrow's US PPI (core YoY f/c 5.2%) could reprice this bounce
Silver ground lower all week from ~60.75 toward the 56.86 week low, but a soft US CPI print sparked a sharp NY-session rebound that reclaimed the 58.00 round level and pushed price back above 59.00. RSI(14) has swung up near 60 as the snapback challenges the 59.64 spike high, while lows at 56.86 held with a higher low forming. Net structure this week remains a sequence of lower highs despite the squeeze.
Support: 58.00, 57.22, 56.86
Resistance: 59.64, 60.00
What it said to watch
H1 close above 60.00 would end this week's lower-high sequence
Failure to hold 58.00 reopens the 57.22 pivot toward the 56.86 week low
Warsh testimony (14:00 GMT) could materially shift this read
XAG sold off from the ~$60.75 week high into the mid-$57s, printing a week low at 56.86 before a softer-than-forecast June CPI sparked a sharp rebound to $59 on a single impulse bar. Price is back above EMA20 with RSI(14) recovering near 59, but the broader sequence of lower highs keeps 59.80 prior high in focus as the cap. The 57.22 pivot underpins the current bounce.
Support: 57.22, 56.86
Resistance: 59.80, 60.75
What it said to watch
H1 close above 59.80 prior high opens the path to the 60.75 week high
Failure to hold 57.22 pivot exposes the 56.86 week low
Warsh testimony (14:00 GMT) could materially shift this read
Lower lows into 56.86, aggressive bounce back to weekly open.
Silver ground lower through the week off the 59.36 open to a 56.86 low, respecting a descending channel, before a sharp CPI-driven reversal: the 12:00 GMT bar spiked to 59.64 on short-covering as a softer print pared hike bets, closing back near the weekly open at 58.90. Price is now above EMA20 with RSI recovering to the mid-50s, but the move sits right under this-week's lower-high structure.
Support: 58.00, 57.22, 56.86
Resistance: 59.64, 60.00
What it said to watch
Hourly close above 59.64 then 60.00 psych would break the week's downtrend structure
Failure to hold 58.00 base reopens the 57.22 pivot and 56.86 week low
Fed Chair Warsh testimony (14:00 GMT) and Fed speakers could reshape this read
Silver shed more than $3 this week inside a descending channel, printing a week low at 56.86 before the June CPI print sparked a short-covering relief bounce. The final hour ripped from 57.79 to a session high of 59.64 and closed near 58.90, reclaiming EMA20 and EMA50 on a single impulse. RSI(14) has swung back above 60, but the move sits right under the well-defended 59.80–60.00 area that capped every bounce this week.
Support: 57.72, 57.26, 56.86
Resistance: 59.64, 60.00, 60.46
What it said to watch
Hourly close above 60.00 challenges the channel top and the 60.46 prior high
Failure to hold 57.26 pivot reopens the 56.86 week low
Fed Chair Warsh testimony 14:00 GMT could materially shift this read
Lower highs, lower lows; nursing bounce off week low.
Silver has been in a downtrend since last week's peak near 60.75, shedding ~4% on hawkish-Fed and oil-inflation fears. Price is nursing a corrective bounce off the 56.86 week low back toward 58, but the descending line off the 59.36 lower high has capped the recovery and price sits below EMA(50). RSI(14) has recovered to mid-range as the last several bars consolidate tightly under the 58.41 session high.
Support: 57.22, 56.86
Resistance: 58.41
What it said to watch
US CPI at 12:30 GMT could materially shift this read
H1 close above 58.41 session high challenges the lower-high sequence
Silver has held a lower-high, lower-low sequence all week, sliding from Monday's ~$60.4 area down to a 56.856 low before a corrective recovery back toward $58. Price is pressing the EMA(20) but sits under the EMA(50), and RSI(14) has lifted off oversold to mid-range without reclaiming lost ground — a bounce inside the broader down-channel. The bruised-metal tone (hawkish-Fed repricing, oil-inflation fears) frames the drop, with US CPI at 12:30 GMT the dominant next catalyst.
Support: 57.22, 56.856
Resistance: 58.51, 58.85
What it said to watch
US CPI at 12:30 GMT could materially shift this read within the next bar
Hourly close above 58.51 bounce high opens the 58.85 prior high
Loss of 57.22 pivot exposes the 56.856 week low
Fed Chair Warsh testimony 14:00 GMT could compound any CPI move
11:03 UTC
Downtrend, bounce off lows · RSI 50 · price 57.834
Lower highs, lower lows; range-bound near lows.
Silver has trended lower all week, printing successive lower highs and a week low at 56.856 before recovering from below 57.00 to near 58 through the European session ahead of US CPI. Price is now hovering on H1 EMA(20) but well beneath EMA(50), with RSI(14) back to neutral around 50 after the bounce. The 57.22 pivot has held on the latest dip while the 58.41 prior high caps the recovery, keeping the down-structure intact.
Support: 57.22, 56.856
Resistance: 58.412
What it said to watch
US June CPI at 12:30 GMT (~1.5h) is the swing factor and could materially shift this read
Break of 57.22 pivot exposes the 56.856 week low
H1 close above 58.412 prior high would challenge the lower-high sequence
11:03 UTC
Downtrend, consolidating near lows · RSI 45 · price 57.834
Lower highs, lower lows; basing 57.2–58.4.
Silver has ground lower all week off Monday's 60.75 high, printing successive lower highs and a 56.86 low before a relief bounce back toward 58 in the European session. Price is hugging EMA20 while capped well below EMA50, with RSI(14) recovering off oversold into the mid-40s. The 57.22 pivot has so far held, but every rally attempt into 58.4 has stalled, keeping the bearish channel intact ahead of US CPI.
Support: 57.22, 56.86
Resistance: 58.41
What it said to watch
US June CPI at 12:30 GMT (~1.5h) is the swing factor and could reset this read
H1 close below 57.22 pivot exposes the 56.86 week low
Reclaim of 58.41 session high needed to challenge the descending channel
10:03 UTC
Downtrend, bounce off lows · RSI 52 · price 58.086
Lower highs, fresh week low then recovery.
Silver has been in a clear downtrend since the week opened near $60.6, grinding through a third session of losses to print a fresh low at 56.856 during NY hours before a modest recovery back to $58. Price sits below the EMA50 with sellers respecting a lower-high structure, though a run of higher lows off 56.856 shows demand stepping in near the 57.22 pivot. The dominant catalyst is US CPI at 12:30 UTC.
Support: 57.22, 56.856, 55.63
Resistance: 58.98
What it said to watch
US CPI at 12:30 UTC is the dominant catalyst and can reset this read
Clean break of 57.22 opens 56.856 then the 55.63 next support
Close above 58.98 prior high needed to challenge the lower-high structure
Silver has ground lower for a third session, breaking sub-$60 and basing around $57.60 as a hawkish Fed narrative and oil-led inflation fears cap every bounce. Price is holding just above EMA(20) after reclaiming it off the $56.856 week low, but stays under EMA(50) with the descending lower-high structure intact; RSI(14) has recovered to mid-range. US CPI at 12:30 UTC is the dominant catalyst and sits directly ahead of this read.
Support: 57.22, 56.856
Resistance: 58.412
What it said to watch
US CPI at 12:30 UTC could materially shift this read
Clean break of 57.22 pivot opens 56.856 and lower
H1 close above 58.412 session high challenges the lower-high structure
Silver has run a clean sequence of lower highs since last week's peak near 60.75, gapping down over the weekend and grinding to a 56.856 low into the current week's Asia/London sessions. Price has since based just above the 57.22 pivot with RSI(14) recovering toward the mid-40s, chopping under the 58.41 session high. Context ties the weakness to hawkish Fed repricing and a firm USD ahead of US CPI.
Support: 57.22, 56.856
Resistance: 58.412, 58.981
What it said to watch
US CPI at 12:30 UTC could materially shift this read
H1 close below 57.22 pivot opens 56.856 then 55.63
Reclaim of 58.41 session high needed to challenge 58.98
09:04 UTC
Downtrend, third down day · RSI 44 · price 57.973
Lower highs, lower lows below $60.
Silver has ground lower through the week, breaking $60 and $58 as a hawkish Fed repricing and firm USD cap the metal into today's CPI. Price is pinned below the EMA(20) with lower highs building around 58.41; a probe of the $56.856 week low held before a shallow bounce back to ~57.97. RSI(14) sits in the low 40s, consistent with the persistent bearish structure rather than an exhaustion signal.
Support: 57.22, 56.856, 55.63
Resistance: 58.41, 59.80
What it said to watch
US CPI at 12:30 UTC (HIGH) can materially shift this read; hot print pressures the $57.22 pivot
H1 close below $57.22 opens the $56.856 week low and $55.63
Reclaim of the $59.80 EMA area would break the lower-high sequence
Lower highs and lower lows, small bounce off week low.
Silver has trended lower since Monday's open, printing successive lower highs and a week low at 56.856 as a firm USD and hawkish Waller comments capped the metal. Price has since bounced to the 57.99 area, reclaiming the H1 EMA20 but still trading below the weekly open at 58.868 and the EMA50; the 57.22 pivot has so far held on the downside. RSI(14) is mid-range near 46 after cycling out of oversold.
Support: 57.22, 56.856
Resistance: 58.868
What it said to watch
US CPI at 12:30 UTC is a HIGH-impact binary that could reset this read
Reclaim of the 58.868 weekly open needed to challenge the lower-highs structure
08:03 UTC
Downtrend, third down day · RSI 48 · price 57.991
Lower highs and lower lows, bounce off wk low.
Silver has trended lower since Monday's open, shedding over $3 on hawkish USD and oil-driven inflation fears, with sellers pressing the 57.22 pivot. Price bounced from the 56.856 week low into the NY session and is now chopping just above EMA(20) at ~57.99, still capped below the descending lower-high line and below EMA(50). RSI(14) sits mid-range near 48 after basing near the lows.
Support: 57.22, 56.856
Resistance: 58.41
What it said to watch
US CPI at 12:30 UTC is the near-term binary and could reshape this read
H1 close below 57.22 confirms continuation and opens 56.856 then 55.63
Reclaim of 58.41 would challenge the lower-high sequence
07:03 UTC
Downtrend, bounce off lows · RSI 46 · price 58.027
Lower highs, lower lows; relief bounce underway.
Silver ran a persistent lower-high/lower-low structure this week, with Monday's gap lower and a slide to 56.856 as hawkish-Fed pricing and a firmer USD kept the metal offered. Price has since clawed back through the EMA(20) into 58.4 on a relief bounce, but the 58.41 session high has capped the recovery and price sits back at 58.03 with RSI(14) recovering off oversold. The 57.22 pivot remains the structural line in the sand below.
Support: 57.22, 56.856
Resistance: 58.412, 58.868
What it said to watch
US CPI at 12:30 UTC then Warsh testimony 14:00 UTC — dual catalyst likely to reset this read
Silver has run a persistent lower-high/lower-low structure since Monday's gap-down, which followed a hawkish Waller-driven USD bid that shoved price toward the $57.22 pivot. A relief bounce off the 56.856 week low has lifted price back to 58.03, retaking EMA(20) but still capped well below the 9-day EMA near 59.80. RSI(14) has recovered off oversold to ~50 as sellers pause into the US CPI print.
Support: 57.22, 56.856
Resistance: 58.68, 59.80
What it said to watch
US CPI at 12:30 UTC then Warsh testimony 14:00 UTC — dual catalyst that could reset this read
Decisive break of 57.22 opens 56.856 then 55.63
H1 close above 58.68 swing high challenges the lower-high sequence
06:03 UTC
Downtrend, bouncing off lows · RSI 53 · price 58.226
Lower highs, lower lows into recovery attempt.
Silver has run a clean lower-high/lower-low sequence all week, with the sharp Monday-session dive from 60.6 to 58.16 setting the tone before this week's leg extended to 56.856. Price has since reclaimed the EMA(20) off that low, bouncing toward 58.5, but the descending lower-high line still caps the recovery and the 57.22 pivot sits just below as the key floor. RSI(14) has cycled back near 53 from oversold as the metal stabilises under the hawkish-Fed narrative.
Support: 57.22, 56.856
Resistance: 58.51, 58.98
What it said to watch
US CPI at 12:30 UTC in ~6h is a dual catalyst that could materially shift this read
Decisive break of 57.22 opens 56.856 and the wider channel floor
H1 close above 58.98 challenges the descending lower-high line
06:03 UTC
Downtrend, bounce off support · RSI 48 · price 58.226
Lower highs, lower lows; testing pivot.
Silver has run a persistent lower-high/lower-low structure all week, diving Monday toward the $57.22 pivot after Waller's hawkish remarks firmed the dollar. Price is now clawing back above EMA(20) off the 56.86 week low but remains under EMA(50), and the descending lower-highs from 59.36 still cap. RSI(14) near 48 reflects a shallow relief off oversold rather than a trend turn.
Support: 57.22, 56.86, 55.63
Resistance: 59.80
What it said to watch
US CPI at 12:30 UTC (~6h) is the decisive catalyst for this read
Hourly close below 57.22 confirms the lower-low and opens 56.86 / 55.63
Reclaim of 59.80 (9-day EMA) needed to challenge the downtrend
05:04 UTC
Downtrend, testing pivot · RSI 44 · price 57.834
Lower highs, lower lows.
Silver gapped down into Monday's session and has run a clean lower-high/lower-low sequence all week, pressured by the hawkish-Fed/firm-USD tone after Waller's remarks. Price is pinned below EMA(20) and EMA(50), with the $56.856 week low tested overnight before a shallow bounce back toward the broken $58.05 floor. The $57.22 pivot is the line in the sand — sellers have retained control on every rebound attempt.
Support: 57.22, 56.856
Resistance: 58.05, 59.80
What it said to watch
H1 close below 57.22 opens 55.63 / 54.39
US CPI at 12:30 UTC then Warsh testimony 14:00 UTC could materially shift this read
Reclaim of 59.80 needed to challenge the recovery hurdle
Silver has run a persistent lower-high/lower-low structure since Monday's open, with a weekend gap lower and a leg down toward 56.856 as a firmer dollar and hawkish-Fed pricing kept the metal offered. Price has since crept back to test the EMA(20) near 57.85, but sellers have capped every rebound this week short of 58.50. RSI(14) has lifted off its lows toward the mid-40s as the drop stalled at the 57.22 pivot.
Support: 57.22, 56.856, 55.63
Resistance: 58.50
What it said to watch
US CPI at 12:30 UTC then Warsh testimony 14:00 UTC — dual catalyst that can reset this read
Decisive close below 57.22 pivot opens 56.856 then 55.63
Reclaim of 58.50 would break the week's lower-high sequence
04:03 UTC
Downtrend, sellers in control · RSI 38 · price 57.711
Persistent lower highs and lower lows.
Silver has traded a clean lower-high/lower-low channel all week, capped near $60.75 last Wednesday and grinding lower into the NY session yesterday after Monday's ~4% dive. Price sits below both EMA(20) and EMA(50) with RSI(14) hovering near 38, momentum firmly with sellers as the $57.22 pivot is repeatedly tested. The $56.856 session low from overnight is the immediate floor ahead of today's US CPI.
Support: 57.22, 56.856, 55.63
Resistance: 58.98
What it said to watch
Decisive H1 close below 57.22 opens 55.63 then 54.39
Reclaim above the 58.98 lower high would break the descending structure
US CPI at 12:30 UTC then Warsh testimony 14:00 UTC — dual catalyst could reset this read
Silver gapped lower into this week's open near 58.87 and has since ground out a clean lower-high/lower-low sequence, pinned below EMA20 and EMA50 as hawkish-Fed pricing and a firm dollar keep the metal offered. Price is probing the 57.22 pivot after tagging 56.856 in the last NY session, with RSI(14) around 41 and no bullish divergence yet. Rebounds toward 58.24 have been sold, keeping the wider 55.50–62.50 channel biased lower.
Support: 57.22, 56.856, 55.63
Resistance: 58.24, 58.868
What it said to watch
US CPI at 12:30 UTC then Warsh testimony 14:00 UTC — dual catalyst that can redefine this read
Decisive H1 close below 57.22 pivot exposes 56.856 then 55.63
Reclaim of 58.24 prior high would break the lower-high sequence
Silver gapped down over the weekend from 59.85 to 58.87 and has bled lower through the week, printing a fresh session low at 56.856 as the oil-driven inflation/Fed-hike narrative kept the metal pinned. Price trades below EMA20 (~58.30) with RSI(14) at 28, oversold after a clean lower-high, lower-low structure. The 57.22 cluster is the immediate area to watch, with 56.856 marking the session floor.
Support: 57.22, 56.856, 55.63
Resistance: 58.30, 59.80
What it said to watch
US CPI 12:30 UTC could materially shift this read; hot core reinforces the downtrend
Sustained break below 56.856 confirms the next lower-low toward 55.63
H1 close back above 58.30 EMA20 would neutralise the downside pressure
Silver has been offered since Monday's open, gapping down over the weekend and grinding to fresh week lows near 56.86 before a shallow bounce to 57.60. Price sits below EMA(20) and EMA(50) with RSI(14) parked in the mid-30s, and the descending sequence of lower highs and lower lows remains intact after Monday's oil-driven, ~2% slide. The 57.22 support has been probed; the 58.00 handle capped the last recovery attempt.
Support: 57.22, 56.856, 55.63
Resistance: 58.00
What it said to watch
US CPI at 12:30 UTC (~9h) could materially shift this read
H1 close below 56.856 confirms continuation toward 55.63
Reclaim of 58.00 would challenge the lower-high structure
02:03 UTC
Downtrend, extended · RSI 33 · price 57.339
Lower highs, lower lows.
Silver opened this week with a weekend gap down from 59.85 and never recovered, grinding steadily lower through the Monday and Asia sessions as renewed US-Iran escalation kept the energy-inflation/Fed-hike narrative bid. Price sits below EMA20 and EMA50 with RSI(14) pressed near oversold, now probing the 57.22 range floor after tagging a 56.856 swing low. The descending sequence of lower highs remains intact.
Support: 57.22, 56.856, 55.63
Resistance: 58.30, 59.80
What it said to watch
US CPI at 12:30 UTC could materially shift this read
Close below 56.856 confirms a fresh lower-low toward 55.63
Reclaim of 58.30 needed to challenge the lower-high sequence
02:03 UTC
Downtrend, near lows · RSI 39 · price 57.339
Lower highs, lower lows.
Silver extended this week's slide, gapping lower into Monday's open and grinding down through the NY session to a fresh low at 56.856 before a shallow bounce to 57.34. Price trades below both EMA20 and EMA50 within a descending channel of lower highs and lower lows, with RSI leaning toward oversold. The 57.22 support cluster is the immediate area being tested.
Support: 57.22, 56.856, 55.63
Resistance: 58.00
What it said to watch
US CPI at 12:30 UTC could materially shift this read
H1 close back above 58.00 would challenge the downtrend channel
Failure to hold 56.856 opens the path to 55.63
01:04 UTC
Downtrend, pressing lows · RSI 34 · price 57.241
Lower highs, lower lows.
Silver has trended lower all week inside a descending channel, gapping down at the weekly reopen and grinding to a fresh low near 57.06 before closing 57.24. The move fits the oil-led inflation/Fed-hike narrative keeping non-yielding silver on the back foot; the Thursday bounce toward 60 faded cleanly. RSI(14) sits in the low-30s with price well below EMA20 and EMA50.
Support: 57.22, 57.06, 55.63
Resistance: 58.30
What it said to watch
Break below 57.22 support opens the path to the 55.63 7-mo low
Hourly close back above 58.30 prior high would challenge the channel
US CPI 12:30 UTC then Warsh testimony 14:00 UTC could materially shift this read
Silver gapped lower into Monday's open and has bled through the NY session, printing a fresh leg low at 57.06 before settling at 57.24 — a clean lower-high, lower-low descending channel with price pinned well below EMA(20) and EMA(50). Weekend US-Iran escalation lifted oil and revived Fed hike bets, keeping the non-yielding metal on the back foot. RSI(14) near 33 shows momentum stretched but not yet diverging as the down-leg from 59.36 remains intact.
Support: 57.06, 55.63
Resistance: 58.05, 59.36
What it said to watch
US CPI at 12:30 UTC could materially shift this read
Close below 57.06 opens the path toward the 55.63 7-mo low
Reclaim of 58.05 would challenge the lower-high channel
Silver gapped lower into this week's open near 58.87 and has bled to the 57.20s, staying inside its descending channel. Price has held below EMA(20) and EMA(50) throughout, with RSI(14) around 31 basing near oversold after the sell-off through the NY session; bounces have stalled below 57.77 while 59.80 (the 9-day ema) caps the broader channel. US CPI at 12:30 UTC is the dominant catalyst into the next sessions.
Support: 57.22, 55.63
Resistance: 57.77, 59.80
What it said to watch
H1 close below 57.22 opens the path toward 55.63
Close back above 59.80 needed to challenge the channel top
Silver gapped lower into Monday's open near 58.87 and has bled through the week, printing a fresh swing low at 57.26 as US-Iran energy-inflation fears kept the hawkish-Fed narrative and dollar bid. Price sits below EMA20 and EMA50 with each bounce fading under the 9-day EMA (~59.80), keeping the descending channel intact. RSI(14) around 41 has flattened as the tape consolidates just above 57.60.
Support: 57.22, 55.63
Resistance: 58.52, 59.80
What it said to watch
US CPI Tue 12:30 UTC and Warsh testimony 14:00 UTC are the dominant catalysts for this read
H1 close below 57.22 confirms a lower-low and opens 55.63
Reclaim of 58.52 would break the run of lower highs