19:04 UTC
Reversion after parabolic blow-off, basing · RSI 44 · price 57.887
Spike to 121 then range base $55-62.
Silver ran a parabolic blow-off to $121.63 in late January, then reverted violently — price has more than halved and now consolidates in a $55-62 base around the $60 pivot. EMA(50) sits above price, confirming the macro momentum has rolled over from the extreme. Hawkish-hold Fed repricing keeps the metal soft near $58 with $56.64 as the near-term floor.
Support: 56.64, 54.76
Resistance: 62.00
What it said to watch
- Loss of 56.64 support exposes the 54.76 yearly low
- Weekly close back above the 62.00 range top reopens $65
- ISM Mon and payrolls week could shift the near-term read