Every read JAFX AI made on the XAG/USD daily chart that day, newest first: trend, structure, the levels it marked and what it said to watch.
21:05 UTC
Downtrend, momentum heavy · RSI 33 · price 64.571
Lower highs, lower lows below 200-day SMA.
Multi-week downtrend: silver has shed roughly a third from the late-February ~96 peak and now trades well below the 69.11 200-day SMA after a hawkish-Fed-driven slide pierced it last week, leaving price at 64.571. The chart prints a clean chain of lower highs and lower lows with RSI(14) near 33 and both EMAs sloping lower above price. Demand has not yet held convincingly above the 63.30 swing-low region.
Support: 63.30, 61.80, 60.98
Resistance: 69.11
What it said to watch
- Daily close back above 69.11 200-day sma would begin to neutralize the bearish structure
- Loss of 61.80 support exposes the march low at 60.98
- US flash PMIs Tue and Core PCE Thu are pivotal for the hawkish-Fed/USD path driving silver
21:04 UTC
Downtrend, lower highs intact · RSI 40 · price 64.571
Lower highs / lower lows since March peak.
Silver has traded a clear downtrend since the early-March peak near 96.37, carving lower highs and lower lows over the last three months and now sitting well below both EMA20 and EMA50. The hawkish Fed hold and firm dollar drove the recent leg from ~70 back through the 69.11 200-day SMA to a 61.49 weekly low; the relief bounce stalled near 70 and rolled over, leaving price retesting the mid-60s. RSI near 40 reflects sustained downside pressure without yet reaching oversold.
Support: 61.49
Resistance: 69.11
What it said to watch
- D1 close back above the 69.11 200d sma would neutralize the bearish structure
- break below the 61.49 weekly low opens 60.00 then 54.39
- S&P Global PMIs Tue and Core PCE Thu are pivotal for the USD path driving silver