Silver remains in a clean H4 downtrend since the hawkish FOMC repricing, having broken the 200-day SMA near $69 and trended lower for two weeks into a fresh 7-month low at 61.325. The bounce off $64 stalled below the prior 67.13 high, leaving sequential lower highs intact, and ATR(14) near 1170 pips shows volatility expanding as price presses the 61.01/61.06 YTD support cluster. RSI is oversold around 29 but no reversal structure has formed.
Support: 61.01, 60.00
Resistance: 64.13
What it said to watch
H4 close below 61.01 exposes 60.00 then the deeper $54 zone
Reclaim of 64.13 swing high needed to challenge the downtrend of lower highs
Core PCE Thu 12:30 UTC is the key catalyst that could shift this read
21:04 UTC
Downtrend, extending · RSI 29 · price 61.588
Lower highs and lower lows, pressing YTD lows.
Silver has trended lower since the June 17 hawkish FOMC repricing, breaking the 200-day SMA near 69.11 and accelerating through the 66 region as rising yields hammer metals. Price is now pressing the YTD low cluster around 61.01 with RSI deeply oversold but no reversal structure yet — each bounce has been sold into the descending channel. ATR(14) remains elevated, consistent with an actively extending decline.
Support: 61.01, 60.00, 54.39
Resistance: 66.31, 69.11
What it said to watch
H4 close below 61.01 confirms a fresh lower-low and opens 60.00 then 54.39
Reclaim of the 66.31 area needed to ease downside pressure
Core PCE Thu (12:30 UTC) is the key catalyst — a hot print could crack 61.01 cleanly
Silver remains in a relentless H4 downtrend, slicing to a fresh 7-month low at 61.507 with price pinned well below both EMA20 and EMA50 after the hawkish-Fed yield surge crushed non-yielders. ATR(14) is expanding as the decline accelerates, and RSI sits in oversold territory, leaving the structure stretched but unbroken to the downside. Successive lower highs at 67.131 and 64.04 continue to cap recovery attempts.
Support: 61.507, 61.01, 60.00
Resistance: 64.04
What it said to watch
Clean break of 61.01 ytd support opens the path to 60.00 psych
H4 close back above 64.04 prior low would break the lower-high sequence
Core PCE Thu 12:30 GMT could materially shift this read — a hot print pressures 61.01
Silver is in a sustained downtrend, carving lower highs and lower lows since the 71.54 peak and now testing 7-month lows around 61.5 as hawkish-Fed repricing lifts yields and pressures non-yielders. Price sits well below both EMAs with RSI oversold near 31, leaving the move stretched into the 61.01 ytd support. ATR remains elevated, consistent with an expanding trend rather than compression.
Support: 61.507, 61.01, 60.00
Resistance: 64.04
What it said to watch
Clean break of 61.01 ytd support opens 60.00 then deeper
H4 close back above 64.04 prior range would ease the downside pressure
Core PCE Thu 12:30 GMT could materially shift this read
Silver remains in an entrenched H4 downtrend, carving fresh lower lows after the 71.54 swing high failed and the bounce stalled at 67.13. Price has sliced through the 64.04 prior-low band and now sits just above the 61.06 YTD shelf, with the hawkish-Fed/strong-USD theme driving the selloff. ATR remains elevated, consistent with trend extension rather than compression.
Support: 61.06, 60.00
Resistance: 64.04, 66.31
What it said to watch
Clean H4 close below 61.06 ytd shelf opens 60.00 then deeper
Reclaim of 64.04 prior low needed to ease the downside structure
S&P Global PMIs imminent — a soft print could fuel an oversold relief bounce toward the 66.31 9d ema
13:03 UTC
Downtrend, extending · RSI 31 · price 62.192
Lower highs, lower lows; pressing YTD lows.
Silver remains in an entrenched downtrend, carving lower highs and lower lows after clearing the $65.77 breakdown and rolling on through the prior swing zone. The latest leg from the 67.13 swing high to 61.80 keeps price pinned just above the 61.00 YTD shelf, with both EMAs sloping down overhead. ATR(14) stays elevated, consistent with the hawkish-Fed/strong-USD pressure named in the macro read; RSI near 31 reflects oversold conditions that leave room for sharp relief bounces.
Support: 61.80, 61.00, 60.00
Resistance: 64.13, 66.80
What it said to watch
Clean H4 close below the 61.00 ytd shelf opens 60.00
Reclaim of the 64.13 breakdown level would soften the downtrend read
S&P Global PMIs imminent — a soft print could fuel an oversold bounce toward 66.80 swing high
Silver has shed roughly $10 since the mid-June high at 71.54, slicing through the 200-day SMA and printing a fresh six-month low at 61.81 on the latest bar. The slide follows the hawkish FOMC repricing and the US-Iran ceasefire roadmap draining the safe-haven bid; bounces toward 66.31 have been faded. Price sits well below EMA20 and EMA50 with RSI oversold but no reversal structure yet built.
Support: 61.01, 60.00
Resistance: 64.04, 66.31
What it said to watch
S&P Global PMIs at 13:45 UTC could materially shift this read
Sustained break of 61.01 opens the path toward 60.00
Reclaim of 64.04 would be the first sign of easing downside pressure
Silver remains in a clean H4 downtrend, carving lower highs and lower lows since the rejection near 71.50; price has now broken to fresh six-month lows at 61.81, with the move driven by the hawkish FOMC dots and the US-Iran ceasefire draining safe-haven demand. ATR(14) is expanding as the slide accelerates and both EMAs cap from above. The 61.01/61.06 support shelf is the last structure before the round 60.00 figure.
Support: 61.01, 60.00
Resistance: 64.13
What it said to watch
H4 close below 61.01 opens the path toward 60.00
US S&P Global PMIs at 13:45 UTC could materially shift this read
Reclaim of 64.13 needed to question the lower-high sequence
Thursday Core PCE (12:30 UTC) a further risk to USD-driven moves
Silver remains in a clear H4 downtrend below the 200-day SMA near 69.11, with the hawkish-Fed repricing the dominant driver behind the slide from above 71. Monday's US-Iran optimism bounce stalled below 67 and price has since rolled back to fresh lows at 63.21, leaving the 61.80 support stack the next downside reference. ATR(14) remains elevated, consistent with an expanding move rather than compression.
Support: 61.80, 61.06, 60.00
Resistance: 66.80, 69.11
What it said to watch
S&P Global PMIs at 13:45 UTC could materially shift this read
Failure to hold 61.80 opens the path to 61.06 and 60.00
H4 close back above 66.80 would challenge the lower-high structure
Silver remains in a clear H4 downtrend, carving lower highs and lower lows after the hawkish-Fed-driven slide cleared the 200-day SMA near 69.11. Monday's geopolitics-led bounce to 67.13 faded quickly and price has since broken back below the 65.48 shelf to print fresh lows at 62.73. ATR(14) stays elevated, signalling an actively expanding trend rather than compression.
Support: 61.80, 60.00
Resistance: 65.48, 67.13, 69.11
What it said to watch
H4 close below 61.80 opens the path toward 60.00
Reclaim of 67.13 needed to question the downtrend
S&P Global PMIs 13:45 UTC could materially shift this read
Silver remains in a clear H4 downtrend, capped below the 200-day region after the hawkish FOMC drove price from ~71.5 through the 64.35 low. Monday's US-Iran de-escalation sparked a bounce to 66.80 that has since faded, leaving price chopping in a 64-67 range below both EMAs. Failure to reclaim 66.80 keeps the structure rolling over toward the 63.29 swing low.
Support: 64.35, 63.29, 61.80
Resistance: 66.80
What it said to watch
S&P Global flash PMIs Tue 13:45 UTC could materially shift this read
H4 close below 63.29 confirms a lower-low and reopens 61.80
Sustained move above 66.80 would challenge the lower-high sequence
01:03 UTC
Downtrend, bounce fading · RSI 44 · price 64.913
Lower highs, lower lows below 200dma.
Silver stays in a multi-week downtrend, trading well below the 200-day SMA near 69.11 after the hawkish June FOMC drove it from ~71.5 through 64.40. Monday's ~2% bounce on US-Iran de-escalation stalled at 67.13 and has since faded back to 64.9, leaving the bounce capped under the 66.86 supply band. Price is below both EMA20 and EMA50 with ATR holding an elevated, expansionary regime.
Support: 63.29, 61.80
Resistance: 66.86, 67.13, 69.11
What it said to watch
S&P Global flash PMIs Tue 13:45 UTC could materially shift this read
H4 close below 63.29 confirms a fresh lower low toward 61.80
Reclaim of 66.86 needed to extend the bounce toward the 69.11 200dma