19:05 UTC
Downtrend, correcting from parabolic peak · RSI 38 · price 55.704
Lower highs since Jan blow-off top.
Silver ran a parabolic advance through 2025 into a blow-off peak near $121 in late Q1 2026, then reversed into a sustained multi-month correction that has retraced most of the final leg. Price at $55.7 sits well below a rolling-over W1 EMA(50), and the string of lower highs from $96 through $71 keeps the macro regime in reversion. RSI is mid-30s — soft but not yet at a weekly extreme, leaving room lower without an oversold signal.
Support: 54.77, 50.00, 48.56
Resistance: 61.00
What it said to watch
- Weekly close below 54.77 swing low exposes 50.00 and 48.56
- Reclaim of 61.00 needed to break the lower-high structure
- FOMC Wed 29 Jul is the dominant near-term catalyst for this read