Silver: Daily Read | 2026-10-22

Price on Silver (XAG/USD) sits near $56.28, 3.1% lower on the session and down near the floor of its one-month range. The one-month average sits near $61.13, and price is below it, so that line is the pivot the two-way traffic keeps returning to. Momentum has cooled over the last two weeks, roughly 7.2% down, leaving the structure as a downtrend, price under both its one-month and longer averages. The levels that matter are $68.98 overhead, the past month’s swing high, about 22.6% above here, with $55.56 below as the shelf that has held, roughly 1.3% down; the $57.00 and $56.00 round numbers are the nearer handles. Zoom out and the last three months have ranged between $55.56 and $90.11, which frames the bigger picture. For now the tilt is bearish: a close above $68.98 would open room toward $90.11, while losing $55.56 would put $55.00 back in view.

Key levels: support $55.56 (1.3% below), resistance $68.98 (22.6% above), one-month average $61.13, three-month range $55.56 to $90.11.