21:04 UTC
Downtrend, deeply oversold · RSI 34 · price 58.532
Lower highs and lower lows since late Feb.
Silver has been in a sustained D1 downtrend since the late-Feb rejection near 96, accelerating into a ~12% two-day flush that broke the 60.00 pivot and printed a seven-month low at 55.61. Price sits well below EMA20 and EMA50 with both falling, the hostile hawkish-Fed, firm-dollar regime cited as the driver. RSI is deeply oversold and a modest corrective bounce off 55.61 has stalled near 59.
Support: 55.61, 54.39, 50.00
Resistance: 60.00, 62.89
What it said to watch
- Loss of 55.61 confirms a fresh lower-low, opening 54.39 then the 50.00 psych level
- Reclaim of the 60.00 pivot would extend the oversold bounce toward the 62.89 ceiling
- ADP/ISM Wed and NFP later this week are marquee risks that could materially shift this read