Silver
Spot silver in US dollars per troy ounce.
Price · last 3 months
SimulatedMarket trend
Bearish
Silver is clearly bearish on this timeframe.
Confidence measures how much the indicators agree with each other. It is not a probability that a trade will be profitable.
Signals behind this
- Price vs long-term averagebearish
- EMA 20 vs EMA 50bullish
- MACD momentumbearish
- RSI (14)bearish
- Bollinger positionbearish
- Market structurebearish
Key levels
- 43.853+1.95%
- 46.720+8.62%
- 46.941+9.14%
- 40.296-6.31%
- 39.305-8.62%
- 37.773-12.18%
24.2%annualised · elevated
Volatility is above its typical level for this market. Expect larger swings than usual in both directions and size positions accordingly.
How this developed
Major moves, trend changes, level breaks and news for this window, newest first.
Gold pushes to fresh record as central bank buying accelerates
NewsOfficial-sector demand ran above trend for a fourth straight quarter, with emerging-market central banks the dominant buyers. Spot gold cleared its previous high in thin Asian trade before consolidating.
5h ago
China stimulus package larger than expected, targets property
NewsAuthorities announced a fiscal package above the size flagged in state media, with a meaningful share directed at completing stalled residential projects and recapitalising local government financing vehicles.
1d ago
Gold-silver ratio compresses to two-year low
NewsSilver outperformed gold for a fifth consecutive week, driven by industrial demand from solar manufacturing alongside the same monetary bid supporting the wider complex.
2d ago
Closed above 43.853
Level breakThat price is one of today's key levels — this is when price last closed on the other side of it.
3d ago
Closed above 46.720
Level breakThat price is one of today's key levels — this is when price last closed on the other side of it.
23d ago
Closed above 46.941
Level breakThat price is one of today's key levels — this is when price last closed on the other side of it.
23d ago
Closed above 46.720
Level breakThat price is one of today's key levels — this is when price last closed on the other side of it.
25d ago
Closed above 46.941
Level breakThat price is one of today's key levels — this is when price last closed on the other side of it.
25d ago
Closed above 46.941
Level breakThat price is one of today's key levels — this is when price last closed on the other side of it.
Aug 9
Jumped 3.51% in one bar
Price moveA genuinely large move for this market, not just a large-looking percentage — it moved 1.4× its typical daily range (2.52%).
Aug 8
Closed above 46.720
Level breakThat price is one of today's key levels — this is when price last closed on the other side of it.
Aug 8
Dropped 3.04% in one bar
Price moveA genuinely large move for this market, not just a large-looking percentage — it moved 1.3× its typical daily range (2.31%).
Aug 6
Closed above 43.853
Level breakThat price is one of today's key levels — this is when price last closed on the other side of it.
Jul 30
Jumped 3.28% in one bar
Price moveA genuinely large move for this market, not just a large-looking percentage — it moved 1.2× its typical daily range (2.72%).
Jul 20
Jumped 3.91% in one bar
Price moveA genuinely large move for this market, not just a large-looking percentage — it moved 1.4× its typical daily range (2.73%).
Jul 15
Closed below 40.296
Level breakThat price is one of today's key levels — this is when price last closed on the other side of it.
Jul 12
Closed below 39.305
Level breakThat price is one of today's key levels — this is when price last closed on the other side of it.
Jul 4
Closed below 37.773
Level breakThat price is one of today's key levels — this is when price last closed on the other side of it.
Jun 27
Summary
Technical indicators
Computed from 90 bars over the last 3 months.
44.817 / 44.508
The 20-period average sits above the 50-period average, which is the classic shape of an uptrend. Price above both means buyers have controlled the recent range.
31.8
At 32 momentum is in the normal band — neither stretched nor exhausted, so RSI is not arguing for a reversal in either direction.
-0.52905
MACD sits below its signal line — short-term momentum has rolled over relative to the medium-term trend, which typically precedes or confirms a pullback.
1.05× average
Volume is close to its period average — participation is normal and is neither confirming nor contradicting the price move.
1.191 (2.79%)
The market has been moving about 1.191 per bar, or 2.79% of price. This is the number position sizing and stop placement should be built around — a stop tighter than this will be hit by ordinary noise.
Two ways this could go
Both paths are shown with equal weight. Neither is a prediction.
Potential bullish scenario
- Trigger
- A daily close above 43.853 on above-average volume
- If it fires
- 46.720 as the next area where sellers have previously stepped in
- Invalidation
- A move back below 40.296 would void this idea
If buyers can absorb the supply sitting at 43.853 and hold above it into a close, the path of least resistance opens toward 46.720. This would be counter-trend, so it needs stronger confirmation than usual — a single spike through the level is not enough. Given the market is moving roughly 1.191 per bar, allow at least that much room before treating a wick through the level as a real breakout.
Potential bearish scenario
- Trigger
- Losing 40.296 and failing to reclaim it
- If it fires
- 39.305, the next level where buyers previously defended
- Invalidation
- Reclaiming 43.853 would void this idea
If 40.296 gives way and the market cannot recover it quickly, the next obvious area of interest is 39.305. This aligns with the prevailing trend, which makes it the higher-probability of the two paths here. With volatility elevated, a break can travel a long way quickly — the first move is often the largest.
Trading risks
- This analysis reads price history. It cannot anticipate news, and markets reprice on news faster than any indicator updates.
- Volatility is elevated at roughly 24% annualised, so the usual position size carries more risk than usual right now.
- Physical markets are exposed to supply shocks that no chart can anticipate.
- Futures roll and contango can erode returns for anyone holding through expiry.
Key events to watch
- Central bank reserve reports and official-sector buying data
- US real yields and the dollar index, the two dominant macro drivers
- Physical demand data from the largest consuming markets
What actually drives Silver: industrial demand, gold ratio, solar manufacturing.
Latest market news
Gold pushes to fresh record as central bank buying accelerates
30-second summary
Official-sector demand ran above trend for a fourth straight quarter, with emerging-market central banks the dominant buyers. Spot gold cleared its previous high in thin Asian trade before consolidating.
China stimulus package larger than expected, targets property
30-second summary
Authorities announced a fiscal package above the size flagged in state media, with a meaningful share directed at completing stalled residential projects and recapitalising local government financing vehicles.
Gold-silver ratio compresses to two-year low
30-second summary
Silver outperformed gold for a fifth consecutive week, driven by industrial demand from solar manufacturing alongside the same monetary bid supporting the wider complex.
This analysis is educational and should not be considered financial advice. It is generated from historical price data and can be wrong. Markets reprice on news faster than any indicator updates. Never risk money you cannot afford to lose.
Generated Sep 18, 10:46 PM · No live source is configured for this market, so prices are simulated and do not represent real quotes.