SI Silver Futures Weekly Chart Analysis: 2026-May-05 07:07 CT

Price Action

Last: 74.210,
Bars: Large,
Mom: fast.

WSFG Weekly

Short-Term
WSFG Current: -29%
F0%/NTZ' Bias: Price Below,
WSFG Trend: Down.

MSFG Month May

Intermediate-Term
MSFG Current: -2%
F0%/NTZ' Bias: Price Below,
MSFG Trend: Down.

YSFG Year 2026

Long-Term
YSFG Current: -56%
F0%/NTZ' Bias: Price Below,
YSFG Trend: Down.

Swing Pivots

(Short-Term) 1. Pvt. Trend: DTrend,
(Intermediate-Term) 2. HiLo Trend: DTrend,
3. Pvt. Evolve: Pvt Low 61.715,
4. Pvt. Next: Pvt High 88.725,
5. Levels R: 104.650, 93.135,
6. Levels S: 61.715, 49.840, 47.300, 30.485, 26.940.

Weekly Benchmarks

(Short-Term) 5 Day: 77.22 Down Trend,
(Short-Term) 10 Day: 78.705 Down Trend,
(Intermediate-Term) 20 Day: 79.945 Down Trend,
(Intermediate-Term) 55 Day: 61.965 Up Trend,
(Long-Term) 100 Day: 46.960 Up Trend,
(Long-Term) 200 Day: 37.922 Up Trend.

Recent Trade Signals

04 May 2026: Short SI 07-26 @ 74.32 Signals.USAR.TR120
29 Apr 2026: Short SI 07-26 @ 71.98 Signals.USAR.TR720
29 Apr 2026: Short SI 07-26 @ 74.07 Signals.USAR-WSFG

Overall Rating

Short-Term: Bearish,
Intermediate-Term: Bearish,
Long-Term: Neutral.

Key Insights Summary

Silver is in a sharp post-spike retracement after a vertical rally into the 2026 high, with price now back below the weekly and monthly fib midlines and under the short-term benchmarks. The pivot structure remains in DTrend with lower highs and lower lows dominating the recent swing sequence, while the current action is testing the lower part of the prior breakout area around the low-70s. Long-term structure is less damaged because price still holds above the rising 55-, 100-, and 200-day benchmarks, but the yearly fib grid remains negative and the broader 2026 trend has rolled over from the recent blow-off high. The chart is currently characterized by a fast correction within a larger multi-month uptrend, with volatility elevated and the market working through a pullback/consolidation phase after the breakout.