XAG/USD AI Live Scan, 1-hour chart, Friday, 26 June 2026
Every read JAFX AI made on the XAG/USD 1-hour chart that day, newest first: trend, structure, the levels it marked and what it said to watch.
20:03 UTC
Downtrend, corrective bounce in play · RSI 56 · price 58.901
Double bottom off 7-month low, reclaiming above EMAs.
Silver bled to a 7-month low at 55.60 mid-week before a double bottom at 55.69 set up a corrective bounce, helped by an in-line US core PCE print that trimmed the dollar bid. Price has since reclaimed both H1 EMAs and is pressing the week high at 59.56, with RSI(14) recovering off oversold to the mid-50s. The broader downtrend stays intact — this is a recovery from stretched levels rather than a confirmed base.
Support: 58.00, 57.60, 55.60
Resistance: 59.56, 60.00
What it said to watch
Sustained H1 close above 59.56 opens the path to the 60.0 round pivot
Loss of 58.0 and 57.6 swing low would stall the corrective bounce
JOLTS (Tue) and ADP/ISM (Wed) are USD risk that could re-pressure XAG toward the 55.6 low
Double-bottom rebound off 7-mo low, stalling under 60.
Silver carved a double bottom near 55.60 — a fresh 7-month low — then squeezed back to 59.56 into the NY session as the USD eased after in-line core PCE. Price now stalls around 58.9 just under the 60 pivot, with RSI cooling from the rebound; the broader structure stays below the prior week's range and the move reads as corrective rather than a base.
Support: 58.00, 55.61
Resistance: 59.56, 60.00
What it said to watch
Reclaim of 60.00 round number extends the corrective squeeze toward the 62 area
Failure to hold 58.00 reopens the path back toward the 55.60 7-mo low
JOLTS Tue and ADP + ISM Manufacturing Wed could materially shift this read
Lower highs into 7-mo low, oversold rebound off 55.60.
Silver was bludgeoned through the week, breaking $60 then $58 to a seven-month low at 55.60 before a corrective bounce lifted it back toward the $60 pivot after in-line US core PCE trimmed the USD bid. The rebound stalled at 59.56 in the latest sessions and price has eased to 58.87, cycling RSI(14) back to neutral and holding above the H1 EMA(20). A bullish RSI divergence into the 55.60 print fuelled the squeeze, but this is a counter-trend recovery — the broader run is still a series of lower highs.
Support: 57.85, 55.60
Resistance: 59.56, 60.00
What it said to watch
Sustained close above the 60.00 psych pivot extends the corrective rally
Failure to hold 57.85 reopens the path back toward the 55.60 seven-month low
JOLTS (Tue) and ADP/ISM (Wed) could re-arm USD strength and cap this bounce
Silver was bludgeoned to a seven-month low near $55.60 this week on hawkish Fed-hike repricing, then staged an oversold corrective bounce to ~$58.87 after in-line PCE eased the USD and yields. Price has carved a double bottom around 55.6-55.7 and now holds above the H1 EMA20 (~58.2), with RSI(14) recovering off deeply oversold levels. The wider structure remains a downtrend — the rebound is corrective rather than a confirmed base.
Support: 58.20, 55.609
What it said to watch
Reclaim and hold above the $60 psych pivot would extend the corrective bounce
Failure to hold the 55.60 7mo low opens further downside
JOLTS (Tue) and ADP/ISM (Wed) could re-arm the hawkish-USD trade and pressure silver
Lower highs into a weekly low, bouncing off the base.
Silver shed roughly 10% across the week from above 66 to a fresh low at 55.61, but a double bottom near 55.6 has fuelled a corrective bounce that reclaimed the 58.16 prior-resistance shelf and is now pressing the 59.56 bounce high. The leg up tracks a USD breather after in-line PCE, with H1 RSI lifting back into the low-60s and price holding above both EMA20 and EMA50. The 60.00 psychological zone caps overhead while the broader structure stays defined by lower highs.
Support: 58.16, 56.50, 55.61
Resistance: 59.56, 60.00
What it said to watch
Rejection at 59.56 / 60.00 would keep the bounce corrective within the downtrend
H1 close back below 58.16 reopens the 56.50 swing and 55.61 week low
ADP and ISM Manufacturing on Jul 1 could materially shift this read via USD
Silver collapsed ~10% this week from 66 through 60 to a seven-month low at 55.60, with the slide accelerating into the NY session midweek on hawkish-Fed repricing and a one-year-high USD. Price has since rebounded ~6% off that low, reclaiming 58 and clearing EMA20 as the dollar took a breather after in-line PCE. RSI(14) has lifted off oversold to the high-50s but the recovery sits inside an established downtrend — corrective, not a confirmed base.
Support: 57.60, 55.60
Resistance: 59.56, 60.00
What it said to watch
Hourly close above 59.56 opens the path to the 60.00 psych zone
Failure to hold 57.60 re-exposes the 55.60 seven-month low
ADP and ISM Manufacturing on Jul 1 could materially shift this read
Silver was bludgeoned ~10% this week from above $66 to a $55.60 seven-month low as a one-year-high USD drove Fed-hike repricing. The last two sessions have been a corrective bounce, reclaiming $58 and pushing toward $59.30 after the dollar took a breather on in-line PCE. RSI(14) has cycled back above 60 and price is holding over the H1 EMA20, but the structure remains a sequence of lower highs.
Support: 58.00, 55.60
What it said to watch
A clean break back below 58.00 reopens the $55.60 seven-month low
Failure to clear the $60 psychological level caps the bounce, keeping the downtrend intact
ISM Manufacturing and ADP on Jul 1 could materially shift the USD-driven read
Silver fell ~10% this week from above 66 to a seven-month low at 55.60 before a corrective bounce reclaimed the 58 round level and pushed into 59.30 as the USD took a breather on in-line PCE. The base near 55.60 was twice tested, and price now sits back above EMA20 with RSI(14) recovering from oversold, though the dominant structure remains lower highs and lower lows. The 60 psychological zone is the next overhead test.
Support: 55.60
What it said to watch
Sustained close above 60 psych extends the corrective bounce toward 62
Failure to hold 58 round reopens the 55.60 seven-month low
ADP / ISM Manufacturing on Jul 1 could materially shift this read
Silver collapsed roughly 10% through the week to a 55.60 seven-month low before a corrective bounce reclaimed EMA20 and EMA50 and pushed price back toward the 60.00 psych pivot. The recovery accelerated after in-line Core PCE eased the immediate USD bid; RSI(14) has cycled from oversold up to the mid-60s. The broader window structure remains a downtrend — this is a rounded-bottom rebound off the low, not a confirmed base.
Support: 58.00, 55.60
Resistance: 60.00
What it said to watch
H1 close above 60.00 extends the corrective rally toward the 62.89 area
Loss of 58.00 reopens the 55.60 seven-month low
Fed's Kashkari/Williams today could revive the USD bid and stall the bounce
Silver shed roughly 10% across the week, sliding from above 66 to a seven-month low at 55.6, but a corrective bounce has lifted price back to 59.4 after in-line core PCE removed an immediate hawkish USD catalyst. Two lows held near 55.6-55.7 forming a double bottom, and the recovery has now reclaimed both EMA20 and EMA50 with RSI(14) cycling up toward 64. The move sits beneath the 60.0 psychological pivot, which caps the bounce.
Support: 58.00, 55.60
Resistance: 60.00, 60.60
What it said to watch
H1 close above 60.00 psych opens the path toward the prior 60.6 swing
Loss of the 58.0 bounce base and rising trendline reopens the 55.6 week low
Fed speakers (Kashkari/Williams) today could re-accelerate USD and shift this read
Brutal week: silver collapsed from above 66 through 60 to a fresh seven-month low near 55.60 before basing. The corrective bounce has reclaimed EMA20 and pushed toward the 59.52 session high, helped by in-line US core PCE removing an immediate hawkish catalyst and the USD taking a breather. The move is a recovery off oversold extremes within an intact downtrend, with lower highs still capping each rally.
Support: 57.85, 55.60
Resistance: 59.52, 60.00
What it said to watch
Close above 60.00 psych would extend the corrective bounce
Loss of 57.85 bounce base reopens the 55.60 seven-month low
Fed speakers today plus next week's ADP/ISM could re-accelerate USD and pressure the bounce
Silver collapsed roughly 10% this week from above 66 to a seven-month low near 55.69 before a corrective bounce reclaimed EMA20 and carried price back to 59.20. The recovery follows in-line US core PCE removing an immediate hawkish catalyst, with RSI(14) cycling up from oversold near 30 into the low-60s. Resistance at 59.52 capped the latest push, leaving the 60.00 psych level the next overhead barrier.
Support: 57.85, 55.69
Resistance: 59.52, 60.00
What it said to watch
H1 close above 60.00 extends the corrective bounce toward the 9-day EMA region
Failure to hold 57.85 reopens the 55.69 seven-month low
Fed's Kashkari (~15:30 UTC) and next week's ADP/ISM are USD catalysts that could shift this read
Silver has bounced off the 55.61 7-month low toward 59 as the dollar took a breather on in-line core PCE, but the week still tracks a ~10% loss and the broader H1 structure is firmly down. The recovery has carved a sequence of higher lows since yesterday's NY session, with price now reclaiming both the EMA20 and EMA50 and RSI cycling back above 60. The 59.11 session high and the broken 60.00 pivot are the zones capping this corrective leg.
Support: 57.85, 56.53, 55.61
Resistance: 59.11, 60.00
What it said to watch
Michigan sentiment + inflation expectations at 14:00 UTC could materially shift this read
Close above 59.11 opens the path to the broken 60.00 pivot
Loss of 57.85 reopens the 56.53 swing low and 55.61 weekly low
Silver was gutted ~10-12% this week to a 7-month low near 55.6, but twin lows there and a higher-low sequence since have fuelled a corrective bounce back toward 59. In-line core PCE yesterday took the steam out of the USD and allowed this rebound; price is holding above EMA(20) with RSI(14) recovered off oversold into the mid-50s, though the broader structure remains down below the broken 60 pivot and EMA(50).
Support: 57.00, 55.69
Resistance: 60.00
What it said to watch
Michigan sentiment + inflation expectations (14:00 UTC) and Fed's Williams 14:30 / Kashkari 15:30 could reshape this read
H1 close above 60.00 psych pivot would extend the squeeze
Failure to hold 57.00 reopens the 55.69 7-month low
Silver carved a ~10% weekly slide from 66 toward a 7-month low near 55.60, where buyers stepped in twice to form a double bottom, and an oversold bounce has carried price back above EMA20 and EMA50 toward 59 into NY hours. In-line core PCE yesterday eased dollar pressure and allowed the technical rebound, though the broader H1 sequence of lower highs keeps the trend pointed down. RSI(14) has cycled up from deeply oversold but the 60 pivot remains the broken level overhead.
Support: 57.60, 55.60
Resistance: 60.00, 62.00
What it said to watch
Hourly close above 60.00 reopens the broken pivot toward 62.00
Loss of 57.60 EMA20 puts the 55.60 7mo low back in play
Michigan sentiment/inflation 14:00 UTC + Fed Williams/Kashkari could reset the bounce
Lower highs and lows, corrective rebound off week low.
Silver was gutted ~10-12% this week toward a 7-month low near 55.60 on hawkish Fed repricing and a one-year-high USD; the in-line core PCE print eased dollar support and triggered the corrective bounce now pressing 59. Price has reclaimed EMA(20) but sits below EMA(50), and two probes of the 55.60-55.69 area form a near-term double-bottom base. Lower highs from Monday's open still cap the structure as the broken 60.00 pivot looms overhead.
Support: 57.85, 56.53, 55.60
Resistance: 60.00
What it said to watch
Michigan sentiment + inflation expectations at 14:00 UTC and Fed's Williams/Kashkari could materially shift this read
A close above 60.00 would challenge the week's lower-high sequence
Failure to hold 57.85 reopens the 56.53 swing low and the 55.60 week low
Rebounding off seven-month low into prior support-turned-resistance.
Silver collapsed from Monday's ~66.9 open through 62, 60 and 58 to a fresh seven-month low at 55.63, then printed a matching low near 55.69 and bounced — a double bottom — back toward 58.5 as in-line core PCE trimmed the most aggressive hawkish-Fed bets. Price is holding above the H1 EMA(20) with RSI(14) recovered to ~52 from oversold, but each rally this week has faded below 60. The 58.5 session high is capping the rebound, with 60.0 the prior psychological pivot above.
Support: 55.63
Resistance: 58.50, 60.00
What it said to watch
H1 close back below 55.63 confirms downtrend continuation
Reclaim and hold of 60.0 would challenge the descending-highs read
Michigan sentiment + Fed Williams/Kashkari at 14:00-15:30 UTC could materially shift this read
12:03 UTC
Downtrend, basing after washout · RSI 49 · price 58.101
Fresh 7-month low, recovery off the base.
Silver collapsed through the week from ~66 to a fresh seven-month low at 55.63 as a hawkish Fed and a one-year-high USD crushed the metal. Price has since carved a double bottom near 55.6-55.7 and recovered back above the H1 EMA(20), pressing into 58.5 resistance with RSI lifting off oversold toward 49. Each bounce this week has faded below the descending lower-highs, and 58.5 has now capped the latest attempt.
Support: 55.63, 55.00
Resistance: 58.50
What it said to watch
Michigan sentiment and Fed's Williams/Kashkari at 14:00-15:30 UTC could materially shift this read
H1 close above 58.5 would break the week's lower-highs
Loss of 55.63 confirms downtrend continuation toward 55.0 psych
Silver collapsed from near $66 at Monday's open through $62, $60 and $58 into a $55.6 base, with the bulk of the damage done in the mid-week NY sessions as a hawkish Fed tilt and one-year USD highs unwound the debasement trade. Price is now stair-stepping back above the H1 EMA20 to 58.41 after a matched low near 55.69 formed a double bottom; the Thursday high around 59.0 capped the prior bounce. In-line core PCE (3.4% YoY) failed to cool hawkish bets, so this recovery is unfolding inside the broader downtrend.
Support: 56.50, 55.69
Resistance: 59.00, 60.00
What it said to watch
Sustained close above 59.0 thu high opens the path to the 60.0 psych pivot
Loss of the 56.5 swing low re-exposes the 55.69 double bottom
Michigan inflation expectations at 14:00 UTC plus Williams/Kashkari could shift this read
Lower highs and lower lows; bounce off fresh 7-month low.
Silver has been in a brutal slide all week, falling from Monday's ~66.70 open through sub-$60 mid-week to a fresh 7-month low at 55.63 during Friday's Asia session on hawkish Fed-hike bets and a one-year-high dollar. Price has since stabilised and clawed back above the EMA(20) near 57.6, with RSI recovering off oversold as the lower low at 55.63 failed to extend — a corrective rebound, not a structural turn. The 58.99 spike high from Thursday remains the cap on this bounce, with EMA(50) overhead near $59.
Support: 57.60, 55.63
Resistance: 58.99, 59.59
What it said to watch
Hourly close below 55.63 confirms continuation toward the $55 support
Reclaim of 58.99 spike high opens the path to the EMA50 near $59 / 59.59 thu high
UoM Michigan sentiment 14:00 UTC plus Fed's Williams (14:30) and Kashkari (15:30) could materially shift this read
Silver remains in a relentless H1 downtrend that carved a fresh 2026 low at 55.61 mid-week on hawkish Fed-hike bets and a one-year-high Dollar. Price has since put in a matching low near 55.69 and bounced to 58.18 — stalling right at the 23.6% retracement of the 66.70-to-55.61 drop and back above the EMA20. RSI(14) has unwound from deeply oversold to mid-50s, consistent with the corrective rather than trend-reversing tone flagged in the macro read.
Support: 57.63, 55.63
Resistance: 58.99
What it said to watch
Hourly close back below 57.63 EMA20 reasserts the downtrend
A clean break of 55.63 7-month low opens deeper losses
Acceptance above 58.99 Thursday spike high extends the corrective bounce
UoM inflation expectations (14:00 UTC) and Fed's Williams/Kashkari could reignite USD and pressure this read
Lower highs and lower lows, consolidating off the week low.
Silver has shed ~14% on the week, collapsing from near 66.80 to a 55.69 low as hawkish Fed messaging and a one-year-high Dollar gutted the metal; Williams' inflation warning reasserted selling after an in-line core PCE briefly lifted price toward 59. Since the 55.69 low it has carved out a 56-58 consolidation, with the bounce to 58.33 capped and RSI(14) lifting off oversold against the lower-low — a tentative bullish divergence. Price sits back below the EMA(20) after the rejection at 58.33.
Support: 55.69, 55.00
Resistance: 58.33, 59.00
What it said to watch
UoM Michigan sentiment and inflation expectations at 14:00 UTC plus Williams/Kashkari speak could materially shift this read
Clean H1 close below 55.69 confirms downtrend continuation toward the 55.00 psych level
Close above 59.00 would break the lower-high sequence and challenge the downtrend
Silver shed roughly 14% across the week from the 66.8 open, the debasement-trade unwind accelerating after Williams' hawkish remarks and a one-year-high Dollar. Price carved a double bottom near 55.6-55.7 and has clawed back toward 57.6, holding just above a flattening EMA(20) while the EMA(50) caps overhead. RSI(14) has lifted off oversold but lower highs from the 66.8 region still define the dominant structure.
Support: 55.69
Resistance: 58.33, 59.51
What it said to watch
H1 close above 58.33 recent high would extend the corrective bounce toward 59.51
Loss of 55.69 week low confirms a fresh lower low and negates the double bottom
UoM inflation expectations and Williams/Kashkari speeches at 14:00-15:30 UTC could materially shift this read
Silver collapsed roughly 16% this week from Monday's 66.5 open into a 7-month low near 55.61, then found buyers there twice, forming a double-bottom base. In-line US PCE yesterday capped USD upside and sparked a relief bounce back above $58, with price reclaiming EMA(20) but still trading below EMA(50). The $58.99 post-data spike high has capped the recovery so far.
Support: 55.609
Resistance: 58.987
What it said to watch
Failure to hold 55.63 confirms continuation of the downtrend toward deeper lows
H1 close above 58.99 spike high extends the relief bounce
UoM sentiment + inflation expectations at 14:00 UTC and Fed speakers (Williams/Kashkari) could shift the USD-driven read
Silver collapsed ~12% this week into a 55.63 week low before twin lows near 55.6 formed a double bottom and an in-line US PCE print sparked an oversold relief bounce back above the EMA20. Price reclaimed 58 but faded from the 58.33 swing high, leaving it parked below the EMA50. The broader structure stays a downtrend — this is a short-covering recovery rather than a base.
Support: 55.63
Resistance: 58.33, 59.00
What it said to watch
Close above 59.00 spike high would extend the relief rally
Loss of 55.63 week low confirms a fresh lower-low
UoM Michigan sentiment/inflation at 14:00 UTC plus Fed's Williams and Kashkari could shift this read
Brutal week for silver: the move sold off relentlessly from the 66.80 high to fresh YTD lows near 55.63, with the bulk of the damage through Wednesday's NY session. In-line US PCE eased Dollar support and sparked an oversold relief bounce off 56.53, lifting price back to ~58.15 — but this remains far below the EMA(50) and the broader downtrend is intact. RSI(14) has cycled off near-oversold readings without confirming a structural reversal.
Support: 56.534, 55.609
Resistance: 58.987
What it said to watch
Hold below the 58.99 spike high keeps the bounce capped
Break of 55.63 week low opens fresh downside
Michigan sentiment + Fed speakers (Williams, Kashkari) today 14:00 UTC could materially shift this read
Lower highs and lower lows, relief rally off ytd low.
Silver has been bludgeoned all week, sliding from Monday's ~66.85 high to a fresh ytd low near 55.63 as hawkish-Fed repricing drove the Dollar to one-year highs. In-line US PCE yesterday eased Dollar support and sparked an oversold relief bounce: price has reclaimed EMA20 with RSI(14) lifting off the high-20s, but it remains well below EMA50 and the broader downtrend is intact. The 56.35/55.63 double-bottom zone is the structural floor; the 59.00 post-data spike high caps the bounce.
Support: 56.35, 55.63
Resistance: 59.00, 60.00
What it said to watch
H1 close above 59.00 spike high opens room toward the round 60.00
Break below 55.63 ytd low extends the downtrend
Michigan sentiment + UoM inflation expectations 14:00 UTC and Fed speakers (Williams 14:30, Kashkari 15:30) could shift this read
06:03 UTC
Downtrend, bounce fading · RSI 43 · price 56.553
Lower highs, lower lows; double bottom near 55.6.
Silver has been in a one-way downtrend since Monday's open, collapsing from ~65.7 toward a seven-month low near 55.6 as the hawkish-Fed/strong-USD theme dominated. In-line US PCE yesterday sparked a rebound above 58, but that attempt was rejected near 58.99 and price has rolled back under EMA20 to retest the 55.6–56.5 base. Twin lows around 55.6–55.7 leave a tentative double bottom, though every bounce so far has met supply.
Support: 55.63, 55.00
Resistance: 58.99
What it said to watch
H1 close above 58.99 invalidates the lower-highs sequence
Failure to hold 55.63 confirms a fresh lower low toward 55.00
Michigan sentiment + Fed Williams/Kashkari at 14:00-15:30 UTC could shift this read
Silver collapsed from the ~65.7 weekly open Monday to seven-month lows near 55.6, an unwind of the debasement trade amid hawkish-Fed repricing. In-line US PCE yesterday sparked a bounce above $58 but it faded back toward the lows, and a second test at 55.69 has held — twin lows at 55.6/55.7 form a tentative double bottom while RSI prints a higher low. Price sits below EMA20 (~57.5) and EMA50, keeping the broader descent intact.
Support: 55.61
Resistance: 57.50, 58.80
What it said to watch
Hourly close below 55.61 confirms a lower low and negates the double bottom
Reclaim of 58.80 needed to challenge the lower-high structure
Michigan sentiment/UoM inflation expectations 14:00 UTC plus Fed's Williams/Kashkari could shift this read
Silver stayed in a downtrend that ran from ~65.85 at Monday's open to fresh 2026 lows near 55.61. An oversold bounce stalled at 58.99 during the NY session before rolling over, and price has slipped back below EMA20 after retesting the swing low at 55.69. Yesterday's in-line US PCE capped the dollar and fuelled the corrective bounce, but the lower-highs sequence remains intact.
Support: 55.61
Resistance: 58.99
What it said to watch
H1 close below 55.61 confirms a fresh lower low and opens deeper losses
Reclaim of 58.99 needed to break the lower-highs sequence
UoM inflation expectations and Fed Williams/Kashkari at 14:00 UTC could shift this read
Silver collapsed this week to a 7-month low near 55.63 before an oversold bounce lifted price to 58.99 into the NY session; that rebound has since faded and price has rolled back toward the lows, sitting below both EMA(20) and EMA(50). The recovery followed an in-line US PCE print that capped the dollar, but the move looks corrective within the broader down-leg. Lows at 55.61 and 55.69 have now been tested twice, forming a tentative double bottom while RSI(14) cycles in the low 40s.
Support: 55.63
Resistance: 58.99
What it said to watch
H1 close below 55.63 confirms a lower low and breaks the double bottom
Reclaim of 58.00 needed to negate the failed-bounce read
UoM inflation expectations and Fed speakers at 14:00 UTC could materially shift this read
Silver collapsed from the mid-$60s to a fresh 7-month low at 55.63 before an oversold bounce tagged 58.99 and faded back into the mid-56s after US PCE printed in line, capping the dollar only briefly. Price sits below EMA20 and EMA50 with RSI near 46, and a double bottom around 55.63 forms the base of this week's range. The bounce so far looks corrective, with prior high at 57.70 capping the recovery.
Support: 55.63
Resistance: 57.70, 58.99
What it said to watch
H1 close below 55.63 confirms a lower-low and opens deeper losses
Reclaim of 57.70 needed to revive the bounce toward 58.99
UoM sentiment 14:00 UTC plus Fed Williams/Kashkari could shift this read
Silver remains in a steep H1 downtrend after collapsing to 7-mo lows near 55.63, with price still pinned below the ema20 around 57.60. An oversold bounce stalled at the 58.30 supply band yesterday before fading back to the mid-56s; the in-line US PCE print capped the dollar and fuelled that corrective rebound rather than a turn. A second test of the 55.97 swing low and 55.63 base has held so far, leaving a tentative double bottom into thin Asia-session conditions.
Support: 55.63, 55.97
Resistance: 57.60, 58.30, 60.00
What it said to watch
UoM sentiment + Fed Williams/Kashkari (14:00-15:30 UTC) could materially shift this read
H1 close below 55.63 7-mo low opens deeper losses
Reclaim of the 58.30 supply needed to threaten the downtrend
60.00 psych remains the cap on any extended squeeze
03:02 UTC
Downtrend, deeply oversold · RSI 31 · price 56.01
Lower highs and lower lows, fresh leg down.
Silver has bled from ~67 at Monday's open to fresh seven-month lows near 56 in a relentless downtrend, driven by hawkish-Fed repricing and a one-year-high USD. Tuesday and Wednesday's NY sessions delivered the bulk of the rout; an in-line PCE print yesterday stalled the slide and sparked an oversold bounce into 58.99, but supply capped it and the latest London-to-NY transition produced another leg down to 55.97. Price sits well below EMA20 (~57.5) with RSI(14) pinned around 31.
Support: 55.63, 55.00
Resistance: 57.50, 58.99
What it said to watch
H1 close below 55.63 opens the path toward the 55.00 psych area
Reclaim of EMA20 ~57.50 would ease the oversold downtrend pressure
UoM Michigan sentiment + inflation expectations at 14:00 UTC, then Fed's Williams/Kashkari, could materially shift this read
03:02 UTC
Downtrend, deeply oversold · RSI 31 · price 56.01
Lower highs and lower lows, fresh seven-month low.
Silver bled from ~$67 toward a seven-month low at 55.61 this week as hawkish-Fed repricing drove the USD to one-year highs; the latest H1 leg printed a fresh 55.69 low before a shallow bounce into 56.01. RSI(14) sits oversold near 30 and price trades well below EMA20 (~57.6) and EMA50, keeping structure firmly down. The swing high at 57.66 and week high at 58.99 cap any recovery attempt.
Support: 55.609, 55.00
Resistance: 57.66, 58.99
What it said to watch
H1 close below 55.61 weekly low opens the 55.00 psych area
Reclaim of swing high 57.66 needed to ease the oversold downtrend
UoM Michigan + Fed speakers (14:00-15:30 UTC) could materially shift this read
Silver collapsed from ~65 at Monday's open through 60 and into the high-56s, printing a seven-month low at 55.63 before stabilizing into the NY session. In-line Core PCE removed fresh downside fuel and price is now consolidating between 56.86 and 58.99, holding below EMA20 and capped under a string of lower highs. RSI(14) has lifted off oversold but momentum stays contained beneath the bounce high.
Support: 56.86, 55.63
Resistance: 58.99
What it said to watch
H1 close above 58.99 bounce high would challenge the downtrend structure
Loss of 55.63 seven-month low opens deeper losses
UoM sentiment and inflation expectations at 14:00 UTC could shift this read
Oversold bounce off week low, consolidating mid-57s.
Silver collapsed ~12% from Monday's open through the $60 and $58.75 shelves into a 55.63 week low before stabilizing, with an in-line US Core PCE removing fresh downside fuel. Price bounced into the NY session toward 58.99 but has faded back to the mid-57s and now sits under a recovering EMA(20); RSI(14) has lifted off oversold but rolled over again on this pullback. The 56.50–55.63 zone is the downside reference, with 57.80 capping the rebound.
Support: 56.50, 55.63
Resistance: 57.80, 58.99
What it said to watch
UoM Michigan sentiment + inflation expectations at 14:00 UTC and Fed speakers (Williams 14:30, Kashkari 15:30) could materially shift this read
Loss of 55.63 week low opens deeper losses
H1 close back above 58.99 bounce high would confirm corrective extension
Silver collapsed through the week from ~65 to a seven-month low at 55.63, then stabilised after the in-line Core PCE print removed fresh downside fuel. Price is now consolidating in the high-57s, reclaiming the EMA20 with RSI(14) lifting off oversold; the bounce to 58.99 was capped and sellers re-appeared into the NY session yesterday. Higher lows since the 55.63 flush keep the recovery intact for now.
Support: 57.05, 55.63
Resistance: 58.99, 59.55
What it said to watch
UoM Michigan inflation expectations at 14:00 UTC plus Fed speakers could materially shift this read
H1 close back below 57.05 reopens the 55.63 seven-month low
H1 close above 58.99 extends the bounce toward 59.55
Consolidating above weekly low after sharp sell-off.
Silver collapsed roughly 12% this week from ~$65 into the $55.63 seven-month low before stabilising after the in-line US PCE print removed fresh hawkish fuel. H1 has since carved a consolidation in the 57.0–58.3 zone, holding above a flattening EMA(20) with RSI(14) recovering off oversold. The 58.99 bounce high has capped the corrective squeeze, while EMA(50) overhead still tracks the broader decline.
Support: 57.05, 55.63
Resistance: 58.30, 58.99, 62.89
What it said to watch
H1 close above 58.99 bounce high needed to extend the corrective squeeze toward the 9d ema near 62.89
Loss of 55.63 weekly low confirms a fresh lower-low and opens deeper losses
UoM Michigan inflation expectations at 14:00 UTC could materially shift this read
Silver collapsed roughly 16% this week from Monday's $67 high into the mid-$56s, with each session printing fresh lows as USD strength dominated. An in-line Core PCE print removed fresh downside fuel and the metal has based above the $55.61 seven-month low, lifting toward $58 before stalling. Price sits below EMA20 with RSI recovering off oversold; $58.99 has capped the bounce.
Support: 55.61
Resistance: 58.99
What it said to watch
UoM sentiment + inflation expectations Fri 14:00 UTC could materially shift this read
Loss of 55.61 confirms a fresh lower-low and opens deeper losses
H1 close above 58.99 needed to challenge the down structure
00:03 UTC
Downtrend, bouncing off lows · RSI 47 · price 57.682
Impulsive selloff stalling above 55.63 week low.
Silver collapsed from Monday's ~67 high through 60 and 58.75 into the high-56s on hawkish-Fed repricing and USD at 1-year highs, printing a 55.63 low. An in-line Core PCE yesterday removed fresh downside fuel and price has stabilised, consolidating 57–59 with RSI(14) recovering off deeply oversold. Price is hugging the H1 EMA20 while sitting well below the EMA50 — the broader move remains down.
Support: 56.53, 55.63
Resistance: 58.99
What it said to watch
Hourly close below 56.53 reopens the 55.63 week low
Reclaim of 58.99 bounce high needed to challenge the downtrend
UoM Michigan sentiment + inflation expectations Fri 14:00 UTC, then Fed's Williams/Kashkari, could materially shift this read