SI Silver Futures Daily Chart Analysis: 2026-Aug-03 07:08 CT

Price Action

• Last: 58.215,
• Bars: Small,
• Mom: slow.

WSFG Weekly

• Short-Term
• WSFG Current: -9%
• F0%/NTZ' Bias: Price Below,
• WSFG Trend: Down.

MSFG Month Aug

• Intermediate-Term
• MSFG Current: -3%
• F0%/NTZ' Bias: Price Below,
• MSFG Trend: Down.

YSFG Year 2026

• Long-Term
• YSFG Current: -189%
• 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 61.25,
• 4. Pvt. Next: Pvt low 56.20,
• 5. Levels R: 123.25, 98.225, 91.310, 90.525, 72.070,
• 6. Levels S: 55.000, 50.260, 47.020, 43.690, 39.690.

Daily Benchmarks

• (Short-Term) 5 Day: 58.225 Down Trend,
• (Short-Term) 10 Day: 58.455 Down Trend,
• (Intermediate-Term) 20 Day: 58.795 Down Trend,
• (Intermediate-Term) 55 Day: 64.555 Down Trend,
• (Long-Term) 100 Day: 72.755 Down Trend,
• (Long-Term) 200 Day: 71.305 Down Trend.

Additional Metrics

• ATR: 6.450,
• VOLMA: 55116.

Recent Trade Signals

• 03 Aug 2026: Short SI 09-26 @ 58.13 Signals.USAR-WSFG
• 30 Jul 2026: Long SI 09-26 @ 58.845 Signals.USAR.TR120
• 27 Jul 2026: Long SI 09-26 @ 59.97 Signals.USAR-MSFG

Overall Rating

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

Key Insights Summary

Silver is consolidating in a narrow, low-momentum range near 58.215 following the sharp June-to-July selloff. The short-term pivot trend has turned up from the 55.000 swing low, but price remains below the 5-, 10-, and 20-day benchmarks and the evolving pivot high at 61.25 defines the nearby recovery ceiling. Weekly and monthly Fib-grid conditions remain below F0%, while the intermediate HiLo pivot structure and all longer-term moving-average trends remain down. The current pattern is a counter-trend bounce and sideways base within a broader bearish structure, with 56.20 and 55.00 defining the nearest downside pivot area and 61.25 followed by 72.07 representing major overhead resistance.