Shamma Alzarooni
Shamma Alzarooni
United Arab Emirates
$SILVER Technical Analysis Summary (as of May 19, 2026) Based on the daily chart, $SILVER is trading at $76.03, down $1.46 (-1.88%) with a bid/ask spread of $76.04/$76.12. $SILVER is in a long-term uptrend but remains in a short-term corrective phase after the powerful rally toward the $95 zone. Price has been consolidating in the mid-$70s with mixed candles, showing some selling pressure today while still holding above lower moving averages. The broader bullish structure is intact. Support levels are at $70.67, $68.25, $64.24, $62.62, $60.91, and $56.91 with resistance near $77.62 and $79.88. The RSI (14) at 46.47 suggests neutral to slightly oversold momentum. Monitor for a breakout above $77.62 for continued upside or a drop below $70.67 for downside pressure.
Not investment advice. The author may have financial interests in the mentioned instruments.
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