Silver's four-day rally has stalled, and the metal is now threatening to break below $60 for the first time this week. Sellers are moving in as a possible death cross forms on the daily chart, opening the path toward $55.63.
Silver fell more than 1% on Monday, even as the US Dollar and Treasury yields edged lower. XAG/USD changed hands at $61.80 as this was written, well off the day's peak near $63.28.
Two forces stalled last week's four-day advance. The geopolitical risk premium that had lifted the metal is now out of the picture, and a potential death cross forming on the daily chart raises the likelihood of further losses.
Momentum has gone flat after four days of buyers gathering traction. The Relative Strength Index turned flat after aiming toward its 50 neutral level and then pointing downward, a hint that sellers are stepping in.
A drop below the day's low of $61.45 clears the path to $56.61, last week's low and June's 30 daily low. Below that sits the June 24 cycle low of $55.63, ahead of support at $54.39, the November 13, 2025 daily high turned support.
The upside case starts at $67.17, the June 22 high of the day. Clearing it would open the way to the 200-day Simple Moving Average at $70.06, with the 50-day SMA higher still at $71.05.
Source: FXStreet
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