SI Silver Futures Daily Chart Analysis: 2026-Aug-06 07:09 CT

Price Action

• Last: 62.10,
• Bars: Medium,
• Mom: Average.

WSFG Weekly

• Short-Term
• WSFG Current: 73%
• F0%/NTZ' Bias: Price Above,
• WSFG Trend: Up.

MSFG Month Aug

• Intermediate-Term
• MSFG Current: 22%
• F0%/NTZ' Bias: Price Above,
• MSFG Trend: Up.

YSFG Year 2026

• Long-Term
• YSFG Current: -158%
• 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 63.20,
• 4. Pvt. Next: Pvt low 58.690,
• 5. Levels R: 123.325, 98.225, 91.310, 90.525, 72.070,
• 6. Levels S: 55.000, 50.260, 47.720, 43.690, 39.690.

Daily Benchmarks

• (Short-Term) 5 Day: 59.44 Up Trend,
• (Short-Term) 10 Day: 58.85 Up Trend,
• (Intermediate-Term) 20 Day: 58.645 Up Trend,
• (Intermediate-Term) 55 Day: 64.105 Down Trend,
• (Long-Term) 100 Day: 70.496 Down Trend,
• (Long-Term) 200 Day: 71.4 Down Trend.

Additional Metrics

• ATR: 6.460,
• VOLMA: 55116.

Recent Trade Signals

• 05 Aug 2026: Long SI 09-26 @ 62.15 Signals.USAR.TR720
• 05 Aug 2026: Long SI 09-26 @ 61.695 Signals.USAR-MSFG
• 04 Aug 2026: Long SI 09-26 @ 59.675 Signals.USAR-WSFG
• 30 Jul 2026: Long SI 09-26 @ 58.845 Signals.USAR.TR120

Overall Rating

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

Key Insights Summary

Silver has developed a short-term recovery from the 55.00 swing low, with price above the 5-, 10-, and 20-day benchmarks and both weekly and monthly fib-grid measures trending up. The current pivot structure is UTrend, although the intermediate HiLo trend remains down and price is approaching the 63.20 pivot-high evolution point. The rebound remains a countertrend recovery within the larger bearish structure, as price is below the declining 55-, 100-, and 200-day averages. The 58.690 pivot-low threshold defines the near-term higher-low structure, while 72.070 is the next major visible swing resistance.