21:02 UTC
Downtrend recovering, base building · RSI 50 · price 77.579
Range after capitulation, basing 70-90.
Silver collapsed from the 121 spike into a 60.98 capit low in early March, and the last 10 weeks have been a wide rounded bottom basing between the 73 range low and 81 range top. EMA(50) is still rolling over above price near 78, capping the recovery, while RSI has climbed from sub-30 oversold readings back to neutral — bullish divergence against the late-March low is visible. Price closed the session at 77.58, mid-range, with no decisive break in either direction.
Support: 73.10, 67.66, 60.98
Resistance: 80.99
What it said to watch
- Daily close above 80.99 range top would end the basing structure
- Loss of 73.10 range low reopens the 67.66 swing low
- EMA(50) flattening would confirm the rounded bottom read