SI Silver Futures Daily Chart Analysis: 2026-Oct-23 07:08 CT

Price Action

• Last: 53.20,
• Bars: Medium,
• Mom: fast.

WSFG Weekly

• Short-Term
• WSFG Current: -70%
• F0%/NTZ' Bias: Price Below,
• WSFG Trend: Down.

MSFG Month Oct

• Intermediate-Term
• MSFG Current: -82%
• F0%/NTZ' Bias: Price Below,
• MSFG Trend: Down.

YSFG Year 2026

• Long-Term
• YSFG Current: -235%
• 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 53.20,
• 4. Pvt. Next: Pvt high 57.70,
• 5. Levels R: 124.15, 99.010, 92.100, 91.010, 72.860,
• 6. Levels S: 53.520, 51.050, 48.510, 44.480, 40.460.

Daily Benchmarks

• (Short-Term) 5 Day: 57.06 Down Trend,
• (Short-Term) 10 Day: 57.94 Down Trend,
• (Intermediate-Term) 20 Day: 59.595 Down Trend,
• (Intermediate-Term) 55 Day: 62.44 Down Trend,
• (Long-Term) 100 Day: 63.6 Down Trend,
• (Long-Term) 200 Day: 73.255 Down Trend.

Additional Metrics

• ATR: 165,
• VOLMA: 55116.

Recent Trade Signals

• 22 Oct 2026: Short SI 12-26 @ 56.35 Signals.USAR.TR120
• 22 Oct 2026: Short SI 12-26 @ 56.41 Signals.USAR-WSFG

Overall Rating

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

Key Insights Summary

Silver remains in a broad, multi-timeframe decline, with price below every daily benchmark and beneath the weekly, monthly, and yearly Fib-grid centers. The recent sharp selloff accelerated momentum and established a new evolving pivot low at 53.20, while the next opposite pivot threshold remains 57.70. The structure is defined by lower highs and lower lows; recent small-to-medium bars near the lows indicate a pause after a high-volatility decline rather than a confirmed trend reversal. Nearby pivot support begins at 53.52 and then 51.05, while the 5-day and 10-day averages near 57.06-57.94 represent the nearest short-term overhead trend area.