Silver kicked off the week on the back foot, struggling to stay above $50.00 after Friday’s weak bounce. By early Monday in Asia, prices slipped to around $49.80, down 0.3%. Buyers aren’t showing up, and momentum looks shaky, so silver’s at risk for more losses right now.
Technical Picture: Downside Pressure Builds
Looking at the charts, silver’s barely hanging onto support at the rising 200-period EMA on the 4-hour timeframe. Prices are just above that line, but honestly, there’s not much buying happening—sentiment feels heavy. If silver drops cleanly below $49.20–$49.15, where the 200-EMA sits, expect sellers to take over fast. That move puts last Friday’s low near $48.65–$48.60 right back in play, and if that breaks, $48.00 could be next. Lose that, and we’re staring down a bigger support zone around $47.15–$47.10.
Upside? Not So Fast
If silver does manage to claw back above $50.00, it’ll run into resistance almost immediately at $50.40. A move past that point might lead to a rise near $51.00. Yet without a clear break above $51.35–$51.40, buyers won’t gain control. Right now, downward movement remains more likely.
