SI Silver Futures Daily Chart Analysis: 2026-May-06 07:06 CT
Price Action
- Last: 77.795,
- Bars: Medium,
- Mom: average.
WSFG Weekly
- Short-Term
- WSFG Current: 12%
- F0%/NTZ' Bias: Price Above,
- WSFG Trend: Up.
MSFG Month May
- Intermediate-Term
- MSFG Current: 8%
- F0%/NTZ' Bias: Price Above,
- MSFG Trend: Up.
YSFG Year 2026
- Long-Term
- YSFG Current: -30%
- F0%/NTZ' Bias: Price Below,
- YSFG Trend: Down.
Swing Pivots
- (Short-Term) 1. Pvt. Trend: UTrend,
- (Intermediate-Term) 2. HiLo Trend: DTrend,
- 3. Pvt. Evolve: Pvt High 78.335,
- 4. Pvt. Next: Pvt Low 71.685,
- 5. Levels R: 122.905, 97.805, 90.890, 83.750, 78.335,
- 6. Levels S: 71.310, 61.715, 49.840, 47.300, 43.270.
Daily Benchmarks
- (Short-Term) 5 Day: 73.93 Down Trend,
- (Short-Term) 10 Day: 75.035 Down Trend,
- (Intermediate-Term) 20 Day: 76.78 Down Trend,
- (Intermediate-Term) 55 Day: 77.265 Down Trend,
- (Long-Term) 100 Day: 80.185 Down Trend,
- (Long-Term) 200 Day: 63.795 Up Trend.
Additional Metrics
Recent Trade Signals
- 06 May 2026: Long SI 07-26 @ 77.45 Signals.USAR-WSFG
- 06 May 2026: Long SI 07-26 @ 75.98 Signals.USAR.TR120
- 29 Apr 2026: Short SI 07-26 @ 71.98 Signals.USAR.TR720
Overall Rating
- Short-Term: Neutral,
- Intermediate-Term: Bearish,
- Long-Term: Bearish.
Key Insights Summary
Silver is trading back near the upper end of the recent spring consolidation after the sharp February spike-and-fade and the March decline. Price is hovering around the 20/55-day neighborhood, with the short-term pivot structure still in a developing uptrend while the broader hi/lo pivot trend remains down. The weekly and monthly fib grids are both positioned above their F0% lines, keeping the short and intermediate session bias constructive, but the daily benchmark stack remains mostly negative with the 5, 10, 20, 55, and 100-day averages all in downtrend configuration. The chart shows repeated test-and-reject behavior around the mid-70s to low-80s zone, with resistance overhead from prior pivot highs and nearby monthly grid levels, while support is layered below around the low-70s and low-60s zones. The overall structure reflects a market that is trying to stabilize after a larger corrective phase, but the longer-term trend is still weighted to the downside.
Chart Analysis ATS AI Generated: 2026-05-06 07:06 for Informational use only, not trading advice. Terms and Risk Disclosure Copyright © 2026. Algo Trading Systems LLC.