Silver rallied off the 55.69 weekly low to tag 60.43 late in the NY session before stalling under the $59.57-60.00 cap, which rejected the move and dragged price back below EMA20. RSI(14) has cycled back near 50 on the pullback, and the JOLTS beat (7.594M vs 7.3M) reinforced the firm-USD/hawkish-Fed backdrop that keeps rebounds capped beneath $60. Price now sits between the 59.57 cap and the 58.46 swing-low shelf.
Support: 58.46, 57.24, 56.60
Resistance: 59.57, 60.43
What it said to watch
H1 close above 59.57 needed to re-expose the 60.43 week high
Loss of 58.46 opens 57.24 then the 56.60 support shelf
ADP, Warsh and ISM Mfg today could materially shift this read
Silver rebounded off the $56.60 demand shelf and pushed to a week high at $60.43 before sellers capped the move, the latest bar rejecting from $59.74 back through EMA20. The advance is a corrective bounce within a hawkish-Fed backdrop — yesterday's JOLTS beat (7.594M) reinforced the firm-USD narrative that has kept rebounds under the $60 cap. Price now sits at $58.58, mid-way back through this week's rally leg.
Support: 58.00, 57.27, 56.60
Resistance: 59.74, 60.00, 60.43
What it said to watch
H1 close above $60.00 would neutralize the bearish read
Loss of $58.00 then $57.27 reopens the $56.60 shelf
ADP (Wed 12:15 GMT) + ISM could materially shift this read
Silver staged a corrective bounce off the 56.60 support shelf this week, driving into the NY session yesterday to a 60.43 week high before sellers capped the move under the 60.00 psych level. The latest bar rejected near 59.76 and closed back at 58.58, slipping under EMA(20) with RSI(14) easing back to mid-range. A JOLTS beat and hawkish Fed repricing have kept rebounds contained below 60.
Support: 58.00, 56.60
Resistance: 59.76, 60.00, 60.43
What it said to watch
Daily close above 60.00 psych needed to neutralize the capped read
Failure to hold 58.00 swing low reopens the 56.60 support shelf
ADP (Wed) and Warsh speech could materially shift this read
Silver has clawed back from the 56.60 shelf in a string of higher lows, tagging 60.43 before sellers stepped in to push it back under 60. The move is a corrective rebound from seven-month lows rather than a trend change; a JOLTS beat (7.594M vs 7.3M) kept the metal capped below the 59.86-60.00 ceiling. Price holds above EMA20 and EMA50 with RSI cycling in the mid-50s.
Support: 58.34, 57.27, 56.60
Resistance: 59.86, 60.43, 60.00
What it said to watch
H1 close above 60.00 would neutralize the cap and open 60.43
Failure to hold 58.34 reopens 57.27 then the 56.60 shelf
ADP (Wed 12:15 GMT) and Warsh could materially shift this read
Silver has rallied steadily through the NY session, spiking from the 57.24 area to a 60.43 session high before easing back to 59.71, a corrective bounce off the week's 56.60 base. The advance stalled right at the 60.00 psych cap, where supply has capped the move, while RSI(14) sits extended in the low-60s. Price holds well above EMA20 (~58.3), with pullbacks shallow and the 59.34 intraday low so far intact.
Support: 59.34, 58.34, 57.24
Resistance: 60.00, 60.43
What it said to watch
Hourly close above 60.00 opens the 60.43 session high; sellers have defended the round number
Failure to hold 59.34 turns focus back to the 58.34 EMA20 shelf
ADP and Fed Chair Warsh on Wed could materially shift this read
Silver has ground out a chain of higher lows since Monday and the NY session pushed an impulsive leg from the 57.2 area up to a 60.428 week high before settling just under the $60 cap. The move is a corrective recovery off the $56.60 shelf and JOLTS' beat keeps rallies capped below 60.00. RSI(14) is elevated near 67 with price holding above both EMAs.
Support: 59.02, 58.341, 56.60
Resistance: 60.00, 60.428
What it said to watch
A daily close above 60.00 is needed to neutralize the broader bearish setup
Failure to hold 59.020 reopens 58.341 and the 56.60 shelf
ADP (Wed 12:15 GMT), Warsh and ISM could materially shift this read
16:02 UTC
Corrective bounce within downtrend · RSI 63 · price 59.61
Rebound off floor, rising lows.
Silver has rebounded off the $56.60 floor across the last two sessions, breaking back above the $59.57 range top into the NY session after a softer USD on mixed JOLTS/Chicago PMI data. Price spiked to $60.43 before easing to $59.61, holding above both EMA20 and EMA50 with RSI(14) pushing into the low-60s. Per the macro read this leg is a corrective oversold bounce, with the broader June downtrend still intact.
Support: 58.34, 56.60
Resistance: 60.00, 60.43
What it said to watch
H1 close above 60.00 psych opens the path to the 60.43 week high
Loss of the 58.34 swing low risks a retest of the 56.60 floor
ADP + ISM Wed could materially shift this read
15:02 UTC
Recovery rally, momentum building · RSI 65 · price 59.92
Breakout from range, higher lows.
Silver has clawed off the $55.6 double bottom that held twice midweek and pushed through the $59.57 range top during the NY session, now testing the $60.00 psych pivot. RSI(14) is elevated near 65 with price holding above both EMAs — an oversold squeeze off 7-month lows, helped by a softer Chicago PMI even as JOLTS beat kept USD firm. The $59.57 former range top now flips to first support.
Support: 59.57
Resistance: 60.00, 60.43
What it said to watch
H1 close above 60.00 psych opens the path to the 60.43 day high
Failure to hold 59.57 range top puts price back inside the prior range
ADP + ISM Wed and NFP Thu could materially shift this read
Silver bounced off the $57 area back into the mid-$59s as the USD took a breather ahead of US labour data, but the move stalled into the $59.57 range top with the prior spike to 59.59 rejected. Price holds above EMA20 and EMA50 with RSI cycling near 60, yet the $55.70-$59.57 consolidation that has framed this week is still intact below the $60.00 cap.
Support: 57.00, 55.69
Resistance: 59.57, 60.00
What it said to watch
H1 close above 60.00 invalidates the range read and opens room higher
Failure to hold 57.00 range floor re-exposes the 55.69 weekly low
ADP/ISM Wed and Warsh speech could materially shift this read
13:03 UTC
Range, corrective bounce · RSI 55 · price 58.736
Rangebound below overhead cap.
Silver clawed back from sub-$57 lows to spike $59.59 before fading, with the $59.57-60.00 cap rejecting the test and keeping the week's $55.70-59.57 range intact. Price holds above EMA20 and EMA50 with RSI mid-range, the bounce fuelled by a USD breather ahead of US jobs data. The metal remains pinned just above its year-to-date lows.
Support: 58.23, 57.25, 56.60
Resistance: 59.57, 60.00
What it said to watch
H1 close above 59.57 needed to break the range top toward 60.00
Failure to hold 58.23 reopens 57.25 and the 56.60 range floor
JOLTS and Consumer Confidence at 14:00 GMT could shift this read
Silver remains pinned in the $55.70-$59.57 weekly range after breaking below $60 for the first time since December; a sharp short-covering bar off the $57.25 swing low lifted price into the mid-$59s during European trade. RSI(14) has cycled back above 60 and price is sitting above both EMA(20) and EMA(50), but the move stalls just under the $59.57 range top. Driver is corrective positioning ahead of US JOLTS and Thursday NFP, not a structural shift.
Support: 58.20, 57.25, 55.70
Resistance: 59.57, 60.00
What it said to watch
H1 close above 59.57 needed to expose the 60.00 psych level
Failure to hold 58.20 reopens the 57.25 swing low
US JOLTS / Consumer Confidence 13:00-14:00 UTC could shift this read
Silver swept the 55.69 area early in the week then recovered into a 56-59 range, with a sharp short-covering push to 59.59 in the latest session — consistent with consolidation ahead of US data rather than a trend turn. Price holds above EMA(20) and EMA(50) at 58.87 with RSI cycling in the mid-50s. The 59.57 range top has capped the rebound, while 57.24 marks the nearest support.
Support: 57.24, 56.49, 55.69
Resistance: 59.57
What it said to watch
Close above 59.57 needed to break the weekly range top
Failure to hold 57.24 reopens 56.49 then the 55.69 range low
JOLTS today and NFP later this week could materially shift this read
Silver has spent the week pinned in a $55.70-$59.57 range near 7-month lows, with the mid-week leg lower bottoming around $55.61 before short-covering lifted price back into the mid-$58s on in-line core PCE. The NY-session spike to 59.59 tagged the range top and was rejected straight back below $59, leaving price above EMA(20) and EMA(50) but capped by the range ceiling. RSI(14) sits mid-50s, reflecting the corrective tone within a broader downtrend.
Support: 57.24
Resistance: 59.59, 60.00
What it said to watch
JOLTS today and ADP Wed could shift the read sharply
Close above 60.00 needed to neutralize the range top
Break below 57.24 reopens the path to range lows near 55.63
09:03 UTC
Downtrend, consolidating after selloff · RSI 55 · price 58.491
Range-bound between 56.60 and 59.57 after June impulse lower.
Silver remains in a broad downtrend after June's heavy slide on hawkish-Fed/strong-USD flows, but the last two days have carved out a 56.60–59.57 range. A sharp spike into the London session tagged 59.59 before being rejected back to 58.40, leaving price hovering just above EMA20. RSI(14) is cycling mid-range around 54, consistent with corrective consolidation rather than a reversal.
Support: 56.60, 55.69
Resistance: 59.59
What it said to watch
H1 close above 59.57 invalidates the range-top cap
Failure to hold 56.60 cushion opens the 55.69 week low
JOLTS, Chicago PMI and Consumer Confidence at 14:00 UTC could shift this read
Silver carved a sharp weekly downtrend from above 62 to a seven-month low at 55.61, then settled into a 56-59.57 range. A NY-session push tagged 59.59 before easing back to 59.08, with the range top capping the move again. RSI is cycling mid-range; JOLTS, Chicago PMI and Consumer Confidence later today are the near-term catalysts into a heavy US data week.
Support: 57.25, 56.60, 55.69
Resistance: 59.57
What it said to watch
H1 close above 59.57 invalidates the range-top cap
Loss of 57.25 reopens the 56.60 cushion and 55.69 weekly low
JOLTS / Consumer Confidence at 13:00-14:00 UTC could shift this read
07:03 UTC
Downtrend, choppy bounce · RSI 57 · price 58.757
Range-bound 57.0–59.6 after June slide.
Silver has spent the week trapped between 57.0 and 59.6 after June's deep slide left it parked sub-59 below all key MAs. Price drifted to the 57.05 swing low through the day before a sharp NY-session surge ripped back to 59.59 and faded to 58.76 into the close. RSI(14) has cycled back near 57 and price sits just above EMA20/EMA50, but the broader structure remains heavy.
Support: 57.05, 56.49, 55.63
Resistance: 59.59, 60.00
What it said to watch
H1 close above 59.59 session high would extend the bounce toward the 60.0 round number
Failure to hold 57.05 swing low reopens 56.49 then the 55.63 7-month low
ADP + ISM + Warsh on Wed could materially shift this read
06:02 UTC
Downtrend, bounce fading · RSI 43 · price 57.362
Lower highs capped under 58.60.
Silver remains in a downtrend after the mid-week collapse to the 7-mo low at 55.63, with the oversold bounce stalling repeatedly into the 58.60 range cap and rolling over again through the NY-Asia transition. Price now trades below EMA20 and EMA50 with RSI near 42, and the 57.00 psych pivot is the immediate floor being pressed. The move sits with the hawkish-Fed, firm-USD theme that has driven the >22% June slide.
Support: 57.00, 56.49, 55.63
Resistance: 58.60
What it said to watch
H1 close below 57.00 psych opens 56.49 swing low then the 55.63 7-mo low
Reclaim of 58.60 range cap needed to negate the lower-high sequence
ADP, Warsh and ISM Mfg Wed plus Thursday NFP could materially shift this read
Silver stays in a downtrend after this week's ~12% collapse to seven-month lows near 55.63, with rebound attempts capped in the 59.00 zone. Price slid back through the 58.0 range into Monday's NY-Asia transition and now sits around the 50% retracement of the 55.63-59.56 rebound, below EMA20 and EMA50. The move fits the hawkish-Fed, firmer-USD regime where oversold bounces keep failing.
Support: 57.05, 56.61, 55.63
Resistance: 58.40, 59.00
What it said to watch
H1 close below 57.05 confirms a lower-low, exposing 56.61 then 55.63
Reclaim of 58.40 reopens the 59.00 bounce cap
Wed ADP/ISM/Warsh cluster could materially shift this read
04:02 UTC
Downtrend, bounce failing · RSI 41 · price 57.334
Lower highs, range break lower.
Silver remains in a downtrend after the week's ~12% collapse to the 55.63 seven-month low, with the corrective bounce off that base stalling and rejecting in the 58.5-59 band below Monday's 59.20 weekly open. After consolidating near 58.0-58.4 through the Asia session, price broke lower into the London-NY transition, slipping back to 57.33 and trading below both EMA20 and EMA50. RSI(14) sits in the low 40s, off the deeply oversold readings seen at the lows but with no bullish divergence on this leg.
Support: 56.606, 55.63
Resistance: 58.543, 59.202
What it said to watch
Loss of 56.61 swing low reopens the 55.63 seven-month low
Reclaim of 58.54 recent high would negate the range break lower
ADP, Warsh and ISM Wed could materially shift this read
03:02 UTC
Downtrend, bounce fading · RSI 39 · price 57.469
Lower highs, holding above week low.
Silver remains under pressure this week after the ~12% collapse, with the corrective bounce off the 55.63 week low stalling at 59.56 before fading back to the mid-57s. Price slipped under EMA20 and EMA50 again as the latest NY-session leg sold off from 58.45 to 57.24, leaving lower highs intact. The 59.00-60.00 band has capped every recovery attempt while 56.60 acts as the nearest demand shelf.
Support: 56.60, 55.63
Resistance: 58.45, 59.56
What it said to watch
H1 close above 58.45 then 59.56 would break the lower-high sequence
Loss of 56.60 reopens the 55.63 week low
Wed ADP / ISM / Warsh cluster could materially shift this read
Silver collapsed ~12% over the prior sessions, breaking below 60 for the first time since December and bottoming near 55.63. The corrective bounce stalled into the 59.00-60.00 supply band, and NY-session selling has dragged price back to 57.38, holding below both EMA20 and EMA50. RSI(14) near 39 reflects a downtrend struggling to sustain its rebound.
Support: 56.61, 55.63
Resistance: 60.00
What it said to watch
H1 close below 56.61 reopens the 55.63 seven-month low
Reclaim of 59.00 needed to challenge the supply band
Wed ADP/ISM/Warsh cluster could materially shift this read
Lower highs after the flush, consolidation breaking down.
Silver opened the week near 61.6 and flushed ~10% to seven-month lows around 55.61 before a corrective bounce stalled below 59.56. Price then consolidated 58.0–58.9 for two sessions and broke lower on the latest bar, sliding to 57.30 as renewed Hormuz tension lifted oil and reinforced the higher-for-longer Fed read. The move sits below both EMA20 and EMA50, holding the 50–61.8% retracement zone of the bounce.
Support: 57.168, 55.63
Resistance: 58.54, 59.56
What it said to watch
Hourly close back above 58.54 reopens the bounce toward 59.56
Loss of 57.17 confirms a lower-low and exposes the 55.63 seven-month low
ADP and Warsh speech Wed could materially shift this read
Consolidation after a steep flush, capped by lower highs.
A brutal week for silver: price broke below 60.00 and flushed to seven-month lows near 55.63 on the higher-for-longer Fed narrative and Hormuz-driven inflation fears, then staged a corrective bounce. Price is now consolidating around 58.40, stalling near the 50% retrace of the week's decline and capped by a series of lower highs into the 59.14 area. RSI(14) has cycled back to neutral as the range tightened above EMA20/EMA50.
Support: 57.40, 56.50, 55.63
Resistance: 59.14, 60.00
What it said to watch
ADP and Fed Chair Warsh (Wed) could materially shift this read
H1 close above 59.14 opens the path back toward the 60.00 pivot
Loss of 57.40 reopens the 56.50 / 55.63 7-month low