19:01 UTC
Parabolic uptrend, extreme volatility · RSI 78 · price 76.514
Blow-off top followed by wide-range distribution.
Parabolic multi-quarter uptrend from the mid-30s base through Q3, capped by a 121.63 all-time high and a violent rejection candle that printed a 49-point weekly range. Price has since whipped between 60 and 94 in wide distribution candles, currently consolidating near 76 — well above a steeply rising EMA(50) but RSI(14) carrying a bearish divergence after the blow-off. Macro regime remains an uptrend, but the structure since the ATH looks like rounded-top distribution rather than orderly continuation.
Support: 60.98
Resistance: 89.36, 121.63
What it said to watch
- Weekly close back above 89.36 reasserts the uptrend leg
- Weekly close below 60.98 swing low confirms a lower-low and breaks the parabolic structure
- US-Iran de-escalation headlines remain a key driver for silver's risk premium