Silver has recovered ~4-5% from the $54.77 YTD low, printing higher lows into a test of the $60 psych level where the last two bars stalled and faded to 59.66. The bounce is a safe-haven driven correction inside a still-bearish YTD structure — supply is capping at 60.00, with the recovery only valid while price holds above the 57.00 shelf. ATR remains elevated, consistent with the sharp two-way regime flagged around Mideast headlines.
Support: 57.00, 55.00, 54.77
Resistance: 60.00, 62.20
What it said to watch
H4 close above 60.00 opens the path toward the 62.20 prior high
Repeated rejection at 60.00 keeps the bearish YTD structure intact
Failure to hold 57.00 exposes the 55.00 range low and 54.77 YTD low
S&P Global PMIs Fri 13:45 UTC could materially shift this read
Silver has rallied roughly 9% off the $54.77 YTD low, driven by Mideast safe-haven demand, and now stalls into the $60.00 psychological level. Structure is a clean sequence of higher lows since the mid-window base, but the last bar rejected off 60.90 and closed back below $60, keeping the round number a live cap. ATR is elevated, reflecting the expansion phase of this recovery leg.
Support: 58.40, 57.00
Resistance: 60.00, 60.90, 62.20
What it said to watch
H4 close above 60.90 opens the path toward 62.20
Failure to hold 58.40 confirms a lower high and exposes 57.00
S&P Global PMIs Fri 13:45 UTC could shift the USD read and this level
17:04 UTC
Recovery, testing $60 cap · RSI 65 · price 60.213
Higher lows off YTD low into resistance.
Silver has built a clean sequence of higher lows since defending the $54.77 YTD low, and the four-day rebound has carried price back to the $60 psychological cap / 20-day EMA, where the last bar stalled after tagging 60.907. Price sits above both EMA20 and EMA50 with ATR expanding, but the move has run straight into the pivot flagged as decisive resistance — the safe-haven bid tied to US-Iran/Red Sea risk is offset by oil-driven rate-hike fears capping the metal.
Support: 57.00, 54.77
Resistance: 60.00, 62.88
What it said to watch
H4 close above 60.00 opens the path toward the 62.88 prior high
Failure to hold 57.00 threatens the rising higher-low structure
S&P Global Flash PMIs Fri 13:45 GMT could materially shift this read
17:04 UTC
Recovery off YTD low, testing $60 cap · RSI 63 · price 60.213
Higher lows since 54.756, running into $60 resistance.
Silver has carved a double bottom around 54.756 and built a run of higher lows, with the 4-day bounce now pressing the $60 psychological pivot and 20-day EMA — a level that aligns with the 61.8% retrace of the 63.25→54.756 down-leg. The safe-haven bid from US-Iran/Red Sea headlines is the driver, but oil-fed rate-hike fears are capping the advance right at $60. ATR(14) remains elevated near 910 pips, consistent with the expanding two-way swings.
Support: 55.00
Resistance: 60.00, 62.40, 63.25
What it said to watch
H4 close above 60.00 opens the path to the 62.40 prior high, then 63.25
Failure to hold the 57 pivot risks a fade back toward the 55.00 psych/ytd zone
S&P Global Flash PMIs Fri 13:45 GMT could materially shift this read
Silver has rebounded ~9% off the 54.77 YTD low on Mideast safe-haven demand, carving higher lows into the 60.00 psych level where the advance stalled with a rejection near 59.98. Price holds above both EMA20 and EMA50 as the base rounds out, but the metal has yet to clear 60.00 on a closing basis. ATR remains elevated, consistent with the two-way, geopolitics-driven regime described in the digest.
Support: 58.06, 55.00, 54.77
Resistance: 60.00, 62.20
What it said to watch
H4 close above 60.00 psych opens the path toward the 62.20 prior high
Failure to hold the 58.06 retest exposes 55.00 psych then the 54.77 ytd low
US S&P PMIs Fri 13:45 UTC could firm USD and cap silver
Silver has carved a double bottom near the $54.77 YTD low and squeezed higher for a fourth session, printing higher lows and now pressing the $60.00 psych level — a geopolitical short-cover bounce rather than a clean regime turn. EMA20 has crossed above EMA50 as the recovery matured, and ATR(14) is expanding as the move extends. Price stalled just below $60 on the last bar, keeping that trendline hurdle the key structural pivot.
Support: 55.00, 54.77
Resistance: 60.00, 62.44
What it said to watch
H4 close above 60.00 opens the path toward the prior high at 62.44
Failure to hold 55.00 support would confirm a lower low back toward the 54.77 ytd low
S&P Global PMIs Fri and Jobless Claims Thu could materially shift the USD-driven read
09:04 UTC
Recovery bounce off ytd low, momentum up · RSI 64 · price 59.207
Higher highs/lows since $54.76 low, testing $60.
Silver has squeezed roughly 9% off the $54.76 YTD low on Iran safe-haven flows, printing a clean sequence of higher highs and higher lows into the $60 psych level. Price is now retesting that ceiling with ATR(14) expanding, and the move sits around the 50-61.8% retrace of the prior $63.25→$54.76 impulse. Both EMAs have flipped below price, confirming the near-term recovery leg.
Support: 57.09, 55.00, 54.76
Resistance: 60.00, 62.44
What it said to watch
H4 close above $60.00 opens the path toward the 50-day area and $62.44
Failure to hold $57.09 risks a retest of $55.00 and the $54.76 ytd low
S&P Global PMIs Fri and Jobless Claims Thu could firm USD and cap the bounce
05:05 UTC
Recovering off YTD low, stalling under $60 · RSI 74 · price 59.787
Counter-trend bounce into descending resistance.
Silver has rallied roughly 9% off the $54.77 YTD low over three straight sessions, defending the $55 base twice before stalling into the $59.70-$60.00 barrier. The bounce tracks Mideast safe-haven flows and a softer USD, but momentum is stretched with RSI near overbought and price pressing the descending trendline off the $63 high. ATR(14) is expanding as the recovery extends.
Support: 57.00, 55.00, 54.77
Resistance: 60.00
What it said to watch
H4 close above 60.00 negates the descending resistance and opens the path higher
Failure to hold 57.00 exposes the $55.00 defended zone, then $54.77 ytd low
S&P Global PMIs Fri 24 Jul could firm USD and cap silver
US-Iran ceasefire headline could unwind the safe-haven premium fast
Fresh YTD low then three-day rebound, early higher lows.
Silver carved a fresh YTD low at 54.76 before a three-day rebound reclaimed 58.00, a geopolitics-driven short-cover bounce on US-Iran ceasefire hopes and a softer dollar. Price has pushed back above the EMA20 and EMA50 with a bullish EMA cross forming, but the broader H4 structure stays a downtrend until 60.00 gives way. ATR is expanding as the recovery extends.
Support: 56.40, 55.00, 54.76
Resistance: 59.23, 60.00
What it said to watch
H4 close above 60.00 psych needed to challenge the downtrend read
Stall below 59.23 recent high keeps the bounce corrective
Failure to hold 56.40 swing low reopens the 55.00 psych / 54.76 ytd low base
S&P Global PMIs Fri could firm USD and cap the rally near 60.00
Silver has staged a multi-day recovery off the 54.76 YTD low, clearing 57.00 and 58.00 to test the 59.65 week high on US-Iran ceasefire hopes and a softer USD. The rally has flipped EMA20 back above EMA50 and ATR is expanding, though the broader structure remains a downtrend and price stalled just under 59.20 into the close. Reclaiming the 60.00 psychological cap is the line that would confirm the bounce is more than short-covering.
Support: 57.00, 55.00, 54.76
Resistance: 59.65, 60.00, 62.50
What it said to watch
H4 close above 60.00 psych opens path toward the 62.50 prior high
Failure to hold 57.00 reopens the 55.00 swing low
Break of 54.76 ytd low reasserts the downtrend
S&P Global PMIs Fri could materially shift this read via USD