SI Silver Futures Weekly Chart Analysis: 2026-Oct-23 07:09 CT

Price Action

• Last: 53.520,
• Bars: Large,
• 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 53.520,
• 4. Pvt. Next: Pvt high 64.310,
• 5. Levels R: 105.860, 94.345, 91.315, 72.050,
• 6. Levels S: 53.520, 51.050, 48.510, 31.695, 28.150.

Weekly Benchmarks

• (Short-Term) 5 Day: 62.145 Down Trend,
• (Short-Term) 10 Day: 64.665 Down Trend,
• (Intermediate-Term) 20 Day: 63.803 Down Trend,
• (Intermediate-Term) 55 Day: 64.440 Down Trend,
• (Long-Term) 100 Day: 55.545 Up Trend,
• (Long-Term) 200 Day: 43.775 Up Trend.

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: Neutral.

Key Insights Summary

Silver is in a fast, volatile weekly decline marked by lower pivot highs and lower pivot lows. Price is beneath the short- and intermediate-term benchmark cluster and below the yearly F0%/NTZ area, confirming bearish swing structure. The 53.520 pivot low is the immediate support reference, with 51.050 and 48.510 forming the next lower support band. A recovery through the 55.545 long-term benchmark and the 63.803 to 64.665 moving-average cluster would be required to alter the prevailing short- and intermediate-term downtrend structure; the 100- and 200-day benchmarks remain rising, creating a mixed longer-term backdrop.