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Commodities

Silver 1D: Channel Support Under Pressure

Lismore Burke
Lismore Burke
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September 30, 2026
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الفضة مقابل الدولار الأمريكي، الإطار الزمني: يوميالفضة مقابل الدولار الأمريكي، الإطار الزمني: يومي

Silver (XAG/USD) is trading within a descending channel, with lower highs and lower lows developing since the late-August peak near $71.00. Price is currently around $61.31, near the lower part of the channel after a sharp rejection from the $66.28 area.

Major Resistance In Focus

The $66.28 level is a key technical pivot and sits inside the largest volume cluster on the profile. Silver briefly recovered into this area in September but failed to hold above the level, reinforcing $65.00-$66.30 as an important resistance zone.

Volume Profile

The volume profile shows heavy trading activity around $63-$67, but participation becomes thinner below the current price. A separate high-volume area is visible around $57.50-$59.00, making that region an important reference if the current decline continues.

Channel Support

Price is now approaching the lower trendline of the descending channel. The nearby $60-$61 region therefore represents the immediate technical test, while the previously marked $55.53 support remains the larger structural level below.

Momentum Remains Soft

RSI is currently near 41, below both the neutral 50 level and its signal line around 47. This reflects weaker momentum following the rejection from higher levels, although RSI remains comfortably above oversold territory.

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