XAG/USD AI Live Scan, 1-hour chart, Friday, 17 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.
20:03 UTC
Downtrend, stabilising near lows · RSI 55 · price 56.094
Descending channel, basing attempt at YTD low.
Silver capped a brutal week down ~7% from the 59.64 peak to a fresh YTD low at 54.77, before basing through the NY session with a double bottom near 54.8-54.9 and a modest recovery back above EMA(20) to 56.09. RSI(14) has cycled off oversold with a higher low against the lower price lows, and the geopolitical/oil-driven bid that overwhelmed soft US CPI/PPI this week remains the dominant driver. Recovery is capped by the 56.19 swing high with EMA(50) and descending channel resistance stacked above.
Support: 55.00, 54.77
Resistance: 56.19, 56.50
What it said to watch
Hourly close below the 55.00 floor / 54.77 ytd low reopens fresh downside
Reclaim of the 56.50 ema50 would challenge the descending channel top
Oil / Strait of Hormuz headlines remain the primary real-time risk to this read
Silver was bludgeoned ~7% this week toward the $54.77 YTD low as oil-led Fed-hike fears overrode soft US CPI/PPI and a weaker dollar. Buyers stepped in twice near $54.80 into Thursday, forming a double bottom, and price has since reclaimed EMA(20) back to $56.09. The $56.50 week-supply zone remains the immediate cap, with RSI(14) cycling back through the mid-50s.
Support: 55.00, 54.77
Resistance: 56.50, 57.13
What it said to watch
H1 close above 56.50 opens the path toward the 57.13 prior high
Failure to hold 55.00 floor / 54.77 ytd low confirms bearish continuation
S&P Global Flash PMIs (Jul 24) and oil headlines could shift this read
Silver bled ~7% this week from the 59.65 swing high down through the 55 handle to a fresh YTD low at 54.77, as energy-driven inflation fears revived Fed hike bets and firmed the USD. Since Wednesday's plunge price has carved a double bottom near 54.8-54.9 and clawed back into the 56 area through the NY session, reclaiming EMA(20) with RSI(14) lifting off oversold toward 55. The 56.19-56.50 zone and EMA(50) are capping the bounce, while 55.00 remains the pivotal support.
Support: 55.00, 54.77
Resistance: 56.19, 56.50, 58.50
What it said to watch
Hourly close back below 55.00 reopens the 54.77 ytd low
Sustained break above 56.50 shifts the read toward the 58.50 channel top
Oil / US-Iran headlines are the live inflation-transmission risk for this move
19:04 UTC
Downtrend, stabilizing off lows · RSI 58 · price 56.064
YTD low sweep, corrective bounce underway.
Silver spent the week grinding lower, dropping through 55.00 to a fresh YTD low at 54.77 as energy-driven inflation fears revived Fed-hike bets and firmed the USD. Since Wednesday's session the metal has carved a double base near 54.8–54.9 and recovered above EMA(20), with RSI(14) lifting back to the mid-50s. Price now sits below EMA(50) into 56.19 day-high resistance; the broader descending structure off the 59.66 week high remains intact.
Support: 55.00, 54.77
Resistance: 56.19, 58.50
What it said to watch
H1 close above 56.19 then 58.50 channel top eases the downside read
Failure to hold 55.00 and a break of 54.77 confirms a lower low
S&P Global PMIs Jul 24 and Middle East/oil headlines could shift this read
Silver shed roughly 7% across the week to a fresh YTD low at 54.76 on energy-driven inflation and rate-hike fears. The last two sessions have stabilised: buyers stepped in twice near 54.80 forming a double bottom, and price has since reclaimed EMA20 and pushed back to 56.19. RSI(14) has recovered to the mid-50s as the immediate downside momentum fades.
Support: 54.77
Resistance: 56.19, 57.00
What it said to watch
Close below 54.77 resumes the downtrend to fresh lows
Reclaim above 56.19 swing high opens the path toward 57.00
S&P Global PMIs (Jul 24) are the next high-impact catalyst
18:03 UTC
Downtrend, bounce off lows · RSI 54 · price 55.921
Recovery from YTD low within a broader down leg.
Silver slid roughly 7% across the week, printing a fresh YTD low near 54.77 as oil-driven inflation fears revived rate-hike pricing. Price has since clawed back above EMA(20) toward 56, with RSI lifting off oversold as demand stepped in twice near the $55 floor. The 58.50 area remains well overhead and EMA(50) still caps, keeping the recovery shallow relative to the week's drop.
Support: 55.00, 54.77
Resistance: 56.19, 58.50
What it said to watch
H1 close above 56.19 recent high opens the path toward 58.50 resistance
Failure to hold the 55.00 psych level risks a retest of the 54.77 ytd low
S&P Global PMIs on Jul 24 are the main scheduled catalyst ahead
17:04 UTC
Downtrend, bounce off lows · RSI 56 · price 56.074
Recovering from YTD low, tentative higher lows.
Silver spent the week bleeding roughly 7% into a fresh YTD low at 54.77 before demand stepped in around the 55 handle, carving a double bottom that has since lifted price back to 56.07 near the session high. The recovery has reclaimed EMA20 but price still sits below EMA50, and RSI(14) has climbed off oversold into the mid-50s as the US-Iran/oil-driven selloff pauses. 56.19 caps the bounce for now while 55 remains the pivotal floor.
Support: 55.00, 54.77
Resistance: 56.19, 57.12
What it said to watch
H1 close above 56.19 then 57.12 extends the recovery off the YTD low
Failure to hold 55.00 reopens 54.77 and confirms a lower low
S&P Global PMIs (Jul 24) are the main scheduled catalyst that could shift this read
Silver dropped nearly 7% through the week to a fresh YTD low at 54.77 as oil-driven inflation and rate-hike fears kept sellers in control. A double-bottom base near 54.8 has since drawn buyers back, lifting price above EMA(20) into the NY session with RSI(14) recovering off oversold to ~54. The 54.8 hold against an earlier lower price marks a bullish RSI divergence; 56.19 session high now caps the rebound.
Support: 55.00, 54.756
Resistance: 56.189, 56.872, 58.50
What it said to watch
Close above 56.19 session high opens the path toward 56.87 and the 58.50 desk res
Failure to hold 55.00 psych and a break of 54.77 ytd low confirms a lower-low
S&P Global PMIs Jul 24 could materially shift this read
Silver bled ~7% this week to a fresh YTD low at 54.76 as oil-driven inflation fears revived Fed-hike risk despite softer CPI. Price has based twice near 54.8 and a bounce through the NY session lifted it back to 56.05, reclaiming EMA20 while RSI recovered off oversold. The sequence of lower highs from Monday's session remains intact, capping rallies below 56.50.
Support: 54.76
What it said to watch
H1 close above 56.50 breaks the lower-high sequence
Loss of 54.76 ytd low opens the path to channel lows
S&P Global PMIs Jul 24 13:45 GMT is the main catalyst this week
Silver bled nearly 7% through the week to a fresh YTD low at 54.77, with oil-driven inflation and revived Fed-hike bets keeping sellers in control despite a softer USD. Price has since based between 55.00 and 55.98, with buyers stepping in twice near 54.8 to form a double bottom and RSI(14) lifting off oversold into the low-40s. Price is back above EMA(20) but capped well under EMA(50), leaving the broader week structure lower.
Support: 55.00, 54.77
Resistance: 55.98, 56.50
What it said to watch
H1 close below 54.77 confirms a lower low and breaks the 55.00 floor
Close above 55.98 opens the path toward the 56.50 prior swing
S&P Global PMIs (Jul 24) are the main catalyst that could shift this read
Silver has bled ~7% through the week, printing a fresh YTD low at 54.77 as oil-driven inflation fears kept the higher-for-longer rate narrative alive despite soft US CPI. Price is now bouncing off the 54.77–55.00 floor into 55.98, but the recovery is shallow — under 20% of the week's down move — and price sits below EMA50. RSI(14) has lifted off oversold toward 48 as the double-bottom base near 54.8 holds for now.
Support: 55.00, 54.77
Resistance: 55.98, 56.50
What it said to watch
H1 close above 55.98 then 56.50 would confirm a corrective leg higher
A break below 54.77 ytd low opens the path to channel lows
S&P Global PMIs Jul 24 13:45 GMT the main catalyst; oil/Hormuz headlines the near-term swing factor
Silver has bled ~7% this week to a fresh YTD low at $54.76 as US-Iran energy-driven inflation fears revived Fed-hike bets. Price has since based between $54.90 and $56.00 across the last two sessions, and the latest bounce back above EMA(20) with RSI cycling off oversold hints at flattening downside momentum. Still trading well below EMA(50); the $56.00 swing high has capped the recovery so far.
Support: 54.76, 54.39
Resistance: 55.99, 57.12
What it said to watch
UoM sentiment / inflation expectations (~14:00 UTC) could materially shift this read
Break of the $54.76 ytd low exposes $54.39 then the $50 target
H1 close above $55.99 swing high opens the path back to the $57.12 prior range
Silver has been in freefall since Monday, sliding from ~59.66 to a fresh YTD low at 54.76 — down roughly 7% on the week — as US-Iran energy-inflation fears revived Fed-hike bets. Price is now basing above the 55.00 psych floor, forming a potential double bottom near 54.76, with the last bar reclaiming EMA(20) on a push to 55.79. RSI(14) has lifted off oversold while the descending trendline off the week's lower-highs still caps rallies.
Support: 55.00, 54.76
Resistance: 56.00
What it said to watch
H1 close above 56.00 round level would challenge the descending trendline
Break below 54.76 ytd low exposes 54.39 then 50.00 targets
UoM inflation expectations at 14:00 UTC could shift the read
Silver has bled ~7% this week from ~$58.50 to a fresh YTD low $54.76, the leg driven by oil-inflation Fed-hike fears and a firmer USD after the Philly Fed beat and lower jobless claims. Since Wednesday's plunge price has coiled into a 54.76–55.77 range, holding just above the $55 psych level with RSI(14) recovering off oversold. Both EMA20 and EMA50 sit overhead and continue to cap rebounds.
Support: 54.76, 54.39
Resistance: 55.77, 56.00
What it said to watch
Sustained H1 close below 54.76 exposes 54.39
Close above 55.77 invalidates the consolidation read toward 56.00
UoM inflation expectations / Michigan Sentiment at 14:00 GMT could shift this read
Silver stayed in freefall through this week, slicing the $55 psych floor into the NY session yesterday and printing a fresh YTD low at 54.76 on revived oil-driven inflation and Fed-hike bets plus a firmer USD. Price is now consolidating in a tight 55.00–55.66 band, capped by EMA20 near 55.35 with RSI(14) recovering to the mid-40s but still sub-50. Both EMAs sit overhead, keeping the broader down structure intact.
Support: 55.00, 54.76, 54.39
Resistance: 55.35, 55.66, 56.00
What it said to watch
H1 close above 55.66 swing high, then 56.00, would break the consolidation to the upside
Sustained break below 54.76 ytd low exposes 54.39 next target
UoM inflation expectations / Michigan Sentiment at 14:00 GMT could materially shift this read
Silver collapsed roughly 7% this week to a fresh YTD low at 54.76 as an energy-driven inflation shock and firmer USD overwhelmed the soft CPI/PPI read. The last two sessions have compressed into a 54.76–55.77 range, capped just under a flattening EMA(20) with RSI(14) lifting off oversold toward the mid-40s. Rejection sits at 55.77 while 54.76 has held as the range floor.
Support: 54.756, 54.39
Resistance: 55.77
What it said to watch
UoM Consumer Sentiment + inflation expectations 14:00 GMT could materially shift this read
Sustained trade below 54.76 opens 54.39 target cited in the macro read
H1 close above 55.77 / EMA20 would break the basing range
Impulsive leg lower, now consolidating above YTD low.
Silver has bled lower all week, breaking the $55.00 floor to a fresh YTD low at 54.76 as an energy-driven inflation shock revived Fed hike bets and lifted the USD. Price now consolidates in a tight 55.2–55.7 band beneath EMA20 and EMA50, having failed to reclaim the 55.99 swing high on the last bounce. The broader tape stays offered with RSI recovering off oversold but capped in the low-40s.
Support: 54.756, 54.39
What it said to watch
Sustained trade below 55.00 keeps 54.39 in play
H1 close above 55.99 swing high challenges the downtrend read
UoM sentiment + inflation expectations at 14:00 GMT could materially shift this read
Silver has collapsed roughly 7% this week, driving through the 55.00 psych floor to a fresh YTD low at 54.76 as energy-driven inflation fears revived Fed hike odds. Price has since stabilised into a tight consolidation in the 55.0-55.8 band, capped by the session high at 55.77 and stalled just under the EMA20 near 55.50. RSI(14) has lifted off oversold but momentum stays skewed lower with price below both moving averages.
Support: 55.00, 54.76, 54.39
Resistance: 55.50, 55.77, 56.00
What it said to watch
Sustained trade below 55.00 psych floor opens 54.76 ytd low then the 54.39 channel tgt
A close above the 55.77 session high and EMA20 would ease the downside pressure toward 56.00 psych
UoM Consumer Sentiment & inflation expectations at 14:00 GMT could materially shift this read
Silver has collapsed over 7% on the week, printing a fresh YTD low at 54.77 as the Mideast energy shock revived Fed-hike fears despite soft CPI/PPI. Price is now consolidating in a 55.00–55.77 band after the flush, stalling just under the EMA20 at ~55.50 with RSI(14) lifting off oversold to the mid-40s. The broken 55.00 floor is the pivot for whether this holds as a base or resumes lower.
Support: 55.00, 54.77
Resistance: 55.50, 55.77
What it said to watch
Sustained trade below 55.00 opens the 54.77 ytd low then 54.39
H1 close above 55.50 EMA20 needed to confirm relief off the low
UoM sentiment + inflation expectations at 14:00 GMT could materially shift this read
Silver has bled lower for a third straight day, sliding from the 59.66 weekly high into the 54.76-55.50 floor zone as the USD rebounded on oil-driven inflation fears. Price is now consolidating just above the seven-month low, with RSI(14) basing near 43 after the sell-off. The descending sequence of lower highs since Wednesday's spike keeps the structure firmly downward.
Support: 54.76, 55.00, 54.39
Resistance: 55.77
What it said to watch
H1 close below 55.00 confirms a break of the floor and opens 54.39
US Michigan Sentiment + inflation expectations at 14:00 UTC could drive the next leg
Reclaim of 55.77 swing high needed to challenge the lower-highs line
Silver has slid for a third day from Monday's ~$59 area toward the $55.50 seven-month-low zone, capped by the descending channel of lower highs and trading below both EMA(20) and EMA(50). The leg down accelerated through the NY session as the USD rebounded on revived Fed-hike bets and higher oil; RSI(14) sits near 43 after a bounce off the 54.76 swing low. Price is now consolidating just above the $55.00 psych floor.
Support: 55.00, 54.76, 54.39
Resistance: 56.00, 57.00
What it said to watch
US Michigan sentiment and UoM inflation expectations at 14:00 UTC could materially shift this read
A clean break of 55.00 opens 54.76 then the 54.39 next floor
Close above 56.00 needed to challenge the channel top toward 57.00
Silver has bled lower for a third straight day, sliding from the ~59.66 spike Tuesday to a 54.76 session low as a firmer USD and oil-led inflation fears revived Fed-hike bets. Price is now consolidating in a tight 55.0–55.66 band well below EMA20 and EMA50, with RSI lifting off oversold into the low-40s after the bounce off the psych floor. The 55.66 prior high caps the relief attempt while the 55.00 area is the last defense before 54.39.
Support: 55.00, 54.76, 54.39
Resistance: 55.66
What it said to watch
Hourly close below 55.00 psych floor opens the path to 54.39
Reclaim of 55.66 prior high would ease the lower-high sequence
UoM sentiment / inflation expectations at 14:00 UTC could materially shift this read
Silver has bled lower for a third straight session, shedding roughly 7% on the week from the 59.65 high into the low-55s as a firmer USD and revived Fed-hike bets punished the metal. Price is pinned below both EMA(20) and EMA(50) with RSI(14) grinding near 37, and after tagging 54.76 the market is consolidating in a tight 55.20–55.66 band. The 55.00 psych floor remains the last defense ahead of 54.39.
Support: 55.00, 54.76, 54.39
Resistance: 55.63, 55.90
What it said to watch
H1 close below 55.00 opens the path to 54.39
Reclaim of 55.63 challenges the EMA20 near 55.90
UoM inflation expectations at 14:00 UTC could materially shift this read
08:03 UTC
Downtrend, testing floor · RSI 43 · price 55.474
Series of lower highs and lower lows into $55.
Silver has trended lower all week within a descending channel, accelerating through the NY session yesterday into the $55 seven-month-low area as the USD rebounded and Iran-driven inflation fears revived hawkish-Fed pricing. Price is pinned below EMA20 and EMA50 with RSI(14) recovering off oversold after the 54.76 print, a shallow bounce rather than a structural shift. The 55.77 prior high caps the current attempt while the $55 floor remains the pivotal shelf.
Support: 54.76, 54.39
Resistance: 55.77
What it said to watch
A clean H1 close below 54.76 confirms a fresh lower-low, exposing 54.39
Reclaim of 55.77 would challenge the channel and the lower-high sequence
UoM Michigan sentiment and inflation expectations at 14:00 UTC could materially shift this read
08:03 UTC
Downtrend, bounce off lows · RSI 43 · price 55.474
Lower highs and lower lows, fresh low swept.
Silver has been in a persistent downtrend all week, sliding from near $59 toward the $55 floor and breaking the 55.63 seven-month low into the 54.76 area during Thursday's NY session as the USD firmed on resilient jobs data and Iran-driven inflation fears. Buyers stepped in at 54.76 producing a bounce toward 56.00, but price remains below the broken 7mo low and both EMAs, keeping the structure heavy. RSI(14) has lifted off oversold but sits sub-50, in line with the corrective bounce.
Support: 54.756, 54.39
Resistance: 55.63, 56.00
What it said to watch
Sustained reclaim above the 55.63 7mo low would neutralise the range break lower
Failure to hold 54.76 swing low exposes the 54.39 wk low
UoM Michigan sentiment / inflation expectations at 14:00 UTC could shift the USD read and this structure
Silver has bled lower all week inside a descending channel, accelerating Thursday's ~3.5% drop into the $55 floor as the USD rebounded on the labour-data beat and firm energy prices. Price carved a fresh week low at 54.76 before stabilising around 55.50, with RSI(14) holding above its prior trough despite the lower low — a tentative bullish divergence while price sits pinned below EMA20 and EMA50. The $55.00-54.76 support band is the pivotal seven-month floor still being probed.
Support: 55.00, 54.76, 54.39
Resistance: 56.00, 56.73
What it said to watch
Clean H1 close below 54.76 confirms downtrend acceleration, exposing 54.39
Reclaim of 56.00 would open the path back toward the channel and 56.73
Michigan Consumer Sentiment + inflation expectations at 14:00 UTC could materially shift this read
07:03 UTC
Downtrend, momentum fading · RSI 43 · price 55.52
Lower highs and lower lows in a descending channel.
Silver has ground steadily lower all week inside a descending channel, shedding ~3.5% Thursday into the $55 floor as the USD firmed on resilient jobless claims and revived Fed-hike bets. Price printed a fresh low at 54.75 in the NY session before a shallow bounce back to 55.52; RSI(14) has lifted off its lows but sits under 45 with price still well below EMA20 and EMA50. The 55.63 prior floor now caps the recovery attempt.
Support: 55.00, 54.75, 54.39
Resistance: 55.63, 56.00
What it said to watch
Michigan Consumer Sentiment + inflation expectations at 14:00 UTC could materially shift this read
Hourly close back above 55.63 challenges the prior-floor rejection and eyes 56.00
Loss of the 55.00 psych floor and 54.75 swing low confirms downtrend continuation toward 54.39
Series of lower highs and lower lows within descending channel.
Silver has ground lower all week inside a descending channel, accelerating through Thursday's NY session after the rejection near 59.66 as the USD rebounded on the strong Philly Fed and jobless-claims prints. Price tested the $55 floor with a 54.76 seven-month low before a shallow bounce to 55.52, trading well below EMA20 (~56.05). RSI(14) near 43 has ticked up off the lows but shows no confirmed divergence yet.
Support: 55.00, 54.76, 54.39
Resistance: 55.77, 56.05
What it said to watch
A decisive H1 close below 55.00 opens the path toward 54.39
Reclaiming 55.77 would question the immediate lower-high sequence
Michigan Consumer Sentiment + inflation expectations at 14:00 UTC could materially shift this read
Silver has bled lower all week inside a descending channel, accelerating Thursday into the NY session after a firm USD rebound on resilient Retail Sales and Philly Fed data kept Fed-hike odds alive. Price took out the $55.00 floor to print a 54.76 low before a shallow bounce back to 55.52; it remains pinned below EMA20 and EMA50 with RSI(14) hovering near oversold. The 55.77 area capped the latest recovery attempt.
Support: 55.00, 54.76, 54.39
Resistance: 55.77
What it said to watch
Michigan sentiment + inflation expectations at 14:00 UTC could materially shift this read
Hourly close back above 55.77 would ease the immediate downside pressure
Sustained trade below 54.76 opens the path to 54.39
Lower highs and lower lows, broke seven-month low.
Silver has ground lower all week inside a descending channel, sliding from the ~59.66 high into sub-55 as US-Iran inflation fears revived hawkish-Fed pricing and offset a soft PPI print. Yesterday's NY session broke the 55.50–55.63 seven-month low support and printed a 54.76 low before a shallow bounce stalled near 55.77. RSI(14) sits around 36, confirming persistent bearish momentum with price well below EMA20 and EMA50.
Support: 54.76, 54.39
Resistance: 55.50, 55.77
What it said to watch
Michigan Consumer Sentiment + inflation expectations 14:00 UTC could materially shift this read
Failure to reclaim 55.50 keeps the broken support acting as resistance
Lower highs and lower lows, seven-month low broken.
Silver has trended lower all week, sliding from the ~59.66 midweek high after renewed US-Iran tensions and hawkish Fed repricing offset soft CPI/PPI. Price broke the $55.50-$55.63 support zone during yesterday's NY session and printed a fresh low at 54.756 before a shallow bounce back to 55.18. RSI(14) near 37 and price below both EMAs confirm the bearish channel remains intact.
Support: 54.756, 54.39
Resistance: 55.50
What it said to watch
Michigan Consumer Sentiment + inflation expectations at 14:00 UTC could materially shift this read
H1 close back above 55.50 prior-support would neutralise the range break
Lower highs and lower lows within descending channel.
Silver has slid all week within a descending channel, breaking the $55.50-$55.63 support zone and printing a fresh low at 54.76 in the last NY session before a modest bounce back to 55.35. Price trades well below EMA20 and EMA50 with RSI(14) around 37, confirming persistent bearish momentum tied to renewed US-Iran/oil-driven inflation fears that revived a hawkish-Fed premium. The soft CPI/PPI relief that lifted XAG on Tuesday has fully faded.
Support: 54.76, 54.39
Resistance: 55.63
What it said to watch
Failure to reclaim 55.63 keeps the broken support acting as resistance
A break of 54.76 exposes 54.39
UoM Michigan Sentiment + inflation expectations at 14:00 UTC could materially shift this read
Silver has extended its slide within a descending channel, printing a fresh seven-month low at 54.76 during the NY session before a shallow bounce into Asia hours. The move sits well below EMA(20) near 56.7, with RSI(14) hovering in the mid-30s as energy-driven inflation fears keep the Fed-hawkish premium alive despite a softer USD. The 55.50-55.63 support has broken and now caps the recovery attempt.
Support: 54.756, 54.39
Resistance: 55.77, 56.70
What it said to watch
Break of 54.76 exposes 54.39 next
Close back above 55.77 targets the channel top
UoM Michigan sentiment/inflation expectations at 14:00 UTC could shift this read
Silver has trended lower all week within a descending channel, breaking the 55.63 seven-month low into the Asia session and printing 54.756 before stabilising near 54.99. Price sits well below EMA20 and EMA50 with RSI(14) pressed into oversold, reflecting the energy-driven inflation fear that faded the soft CPI/PPI relief. Rebounds toward 55.63, now flipped to resistance, mark the immediate cap.
Support: 54.756, 54.39, 54.00
Resistance: 55.63
What it said to watch
Sustained break below 54.39 opens the path toward 54.00
Reclaim of 55.63 would question the fresh lower-low
Michigan Consumer Sentiment / inflation expectations at 14:00 UTC could materially shift this read
Silver has trended lower all week inside a descending channel, sliding from Friday's ~59.65 high to a fresh low at 54.76 as energy-driven inflation fears offset soft CPI/PPI. The move accelerated through the NY session with the 55.63 seven-month low giving way, and RSI(14) is pinned near oversold with no bullish divergence yet. Price sits well below both EMA(20) and EMA(50), and every rebound this week has been sold back into the channel.
Silver has bled lower all week inside a descending channel, sliding from ~59.87 last Friday as energy-driven inflation fears offset the soft PPI print. Price broke the 55.63 seven-month low overnight and printed a fresh session low at 55.03 before a shallow bounce to 55.26; RSI(14) sits oversold with price well below EMA20 near 55.90. Rebounds toward the 56.10 prior high have been sold repeatedly.
Support: 55.03, 54.39
Resistance: 55.63, 56.10, 55.90
What it said to watch
Hourly close back above 55.63 seven-month low eases the downside pressure
Failure to reclaim 55.90 EMA20 keeps the channel intact
Loss of 55.03 session low exposes the 54.39 downside target
UoM inflation expectations at 14:00 UTC could materially shift this read
Silver has trended lower all week inside a descending channel, sliding from near 59.00 to a fresh seven-month low as energy-driven inflation fears offset soft US CPI/PPI. Price has now broken the 55.63 low and printed 55.034 during the Asia session, with RSI(14) pinned in the low 30s and price well below both EMAs. Rebounds toward the channel top near 57.20 have been sold repeatedly.
Support: 55.034, 54.39
Resistance: 55.77, 57.20
What it said to watch
H1 close below 55.034 swing low opens the 54.39 channel target
Reclaim of 55.77 session high needed to ease downside pressure
Michigan Sentiment + inflation expectations at 14:00 UTC could shift this read
Silver has trended lower all week inside a descending channel, sliding from Monday's ~59.65 area to fresh seven-month lows near 55.32 as US-Iran oil tension and revived inflation-hike fears offset soft CPI/PPI. Price sits below EMA20 and EMA50 with each rebound toward the channel top being sold; RSI(14) is pressing oversold. The 55.32 low is being retested after a shallow overnight stabilisation near 55.68.
Support: 55.32, 55.63, 54.39
Resistance: 56.73
What it said to watch
H1 close below 55.32 swing low exposes 54.39
Reclaim of 56.73 swing high needed to ease the downtrend read
Michigan Sentiment / inflation expectations 14:00 UTC could shift this read
01:04 UTC
Downtrend, sellers in control · RSI 39 · price 55.681
Lower highs and lower lows, descending channel.
Silver has ground steadily lower all week inside a descending channel, printing lower highs and lower lows and sliding into the current 55.32-55.77 base near the seven-month low at 55.63. Price sits well below both EMA(20) and EMA(50), with the sharpest legs down coming through the NY sessions Wed-Thu as energy-driven inflation fears offset soft CPI/PPI. RSI(14) near 39 shows persistent weakness without yet reaching washed-out extremes.
Support: 55.32, 55.63, 54.39
Resistance: 57.16
What it said to watch
Sustained break below 55.32 exposes the 54.39 area
H1 close above 57.16 challenges the channel top read
Michigan Sentiment + inflation expectations at 14:00 UTC could shift Fed-hike pricing and this read
Silver has bled lower all week from Monday's ~59.68 open, held in a clean descending channel, with the sharpest leg during the NY session yesterday that drove price to a 55.32 seven-month low. The metal is now consolidating just above that low near 55.56, pinned below EMA20 and EMA50 as soft CPI/PPI stays offset by energy-driven inflation fears. RSI(14) sits in the mid-30s with price basing rather than extending.
Support: 55.32, 55.00, 54.39
Resistance: 56.80
What it said to watch
H1 close below 55.32 confirms a fresh lower low and exposes psych 55.00 then 54.39
Recovery above channel top 56.80 needed to challenge the downtrend
Michigan Sentiment + UoM inflation expectations Fri 14:00 UTC could materially shift this read
Silver has ground lower all week inside a descending channel, down roughly 7% from Friday's ~59.66 area after Tuesday's soft-CPI bounce faded and PPI misses were overwhelmed by energy-led inflation fears. Price broke the prior 56.80 support during the NY session and printed a fresh seven-month low at 55.32 before stabilising just above; it trades below both EMA20 and EMA50 with RSI(14) pinned near 39. The 56.10 minor high and broken 56.80 support now cap rebounds.
Support: 55.32, 55.00
Resistance: 56.10, 56.80
What it said to watch
Hold below the 55.50-55.63 low keeps 55.00 round number then 54.39 in view
H1 close back above 56.80 broken sup challenges the channel top
Michigan sentiment & UoM inflation expectations Fri 14:00 UTC could reprice this read