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

Price Action

Last: 61.35,
Bars: Medium,
Mom: Average.

WSFG Weekly

Short-Term
WSFG Current: -3%
F0%/NTZ' Bias: Price Below,
WSFG Trend: Down.

MSFG Month Oct

Intermediate-Term
MSFG Current: -8%
F0%/NTZ' Bias: Price Below,
MSFG Trend: Down.

YSFG Year 2026

Long-Term
YSFG Current: -178%
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 59.85,
4. Pvt. Next: Pvt high 64.295,
5. Levels R: 124.15, 99.015, 92.100, 91.315, 72.860,
6. Levels S: 59.985, 55.790, 51.050, 48.510, 44.480.

Daily Benchmarks

(Short-Term) 5 Day: 61.01 Up Trend,
(Short-Term) 10 Day: 62.17 Down Trend,
(Intermediate-Term) 20 Day: 63.99 Down Trend,
(Intermediate-Term) 55 Day: 64.82 Down Trend,
(Long-Term) 100 Day: 65.96 Down Trend,
(Long-Term) 200 Day: 74.245 Down Trend.

Additional Metrics

ATR: 165,
VOLMA: 55116.

Recent Trade Signals

06 Oct 2026: Long SI 12-26 @ 61.38 Signals.USAR-WSFG
05 Oct 2026: Long SI 12-26 @ 61.99 Signals.USAR.TR120

Overall Rating

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

Key Insights Summary

Silver is in a broad daily-chart downtrend, with price below the weekly, monthly, and yearly Fib-grid reference levels. The pivot structure remains bearish across both short- and intermediate-term measures, characterized by lower highs and a new pivot low near 59.85. Price is below the 10-, 20-, 55-, 100-, and 200-day benchmarks; the 5-day average has turned up modestly, reflecting a short-term stabilization attempt rather than a confirmed trend reversal. The 59.985 support area is the immediate pivot reference, while 64.295 is the next swing-pivot reversal threshold and the 63.99 to 65.96 moving-average band remains overhead. Recent trading has compressed near the October grid after a sharp September-to-October selloff, with declining volume participation and moderate momentum.