$SILVER Technical Analysis Summary (as of July 02, 2026)
Based on the weekly chart, $SILVER is trading at $60.28, up $1.19 (+2.01%) with a bid/ask spread of $60.28/$60.36.
$SILVER had an explosive parabolic rally into early 2026, reaching above $120, followed by a sharp and sustained corrective decline.
Price has broken below multiple key moving averages and is currently attempting to stabilize near the $60 zone after weeks of selling pressure. The recent green weekly candle shows some short-term buying interest, but the broader structure remains bearish on the weekly timeframe.
Support levels are at $60.28, $35.99, $22.24 with resistance near $63.85 and $69.32.
The RSI (14) at 41.19 suggests neutral to slightly oversold momentum.
Monitor for a breakout above $63.85 for continued upside or a sustained drop below $60.28 for further downside pressure.
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Not investment advice. The author may have financial interests in the mentioned instruments.
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Tue Aug 11 2026 02:58:41 GMT+0000 (Coordinated Universal Time)
