Silver price at inflection point as buyers regroup ahead of Fed and Iran-Israel headlines
Silver stalls between $36 and $36.64
Silver is locked in a narrow consolidation zone between $36 and $36.64, pausing its bullish continuation effort after a recent retracement from multi-year highs.
The price had dropped to $35 last week following overbought conditions that triggered profit-taking from the 13-year peak.
- Silver stalls between $36 and $36.64 after retracement from a 13-year high
- Strong support from 20, 50 and 100 EMAs provides a bullish platform
- Traders eye geopolitical risk and central bank updates for breakout signal
Since then, buyers have attempted to regain momentum, but the advance has been restricted inside this tight range. On the daily chart, this stalling phase was confirmed last Friday through the appearance of a Doji candlestick pattern.
Silver price dynamics (April - June 2025). Source: TradingView
The Doji is a known technical indicator of market indecision, particularly when it emerges after strong directional moves or during range-bound conditions. The near-identical open and close, coupled with extended upper and lower wicks, indicates that neither bulls nor bears managed to assert control during the session.
Silver awaits Fed rate guidance and Middle East headlines to confirm breakout direction
Today Monday, June 16, silver continues to trade within the same zone. The current price in the European session is around $36.36, sitting on top of a strong support cluster formed by the 20, 50 and 100 exponential moving averages. This convergence of key averages provides a short-term floor for price action. At the same time, RSI readings on both the hourly and daily chart hold in bullish territory, reflecting underlying buying momentum.
The technical picture aligns closely with current macroeconomic sentiment. The fighting between Israel and Iran continues to draw market attention, especially on concerns about wider regional impact. In such scenarios, precious metals like silver are viewed as safe haven assets.
Secondly, a full calendar of central bank meetings this week including decisions from the Federal Reserve and others could shape silver’s near-term direction.
A breakout above the current range would shift focus to $37, a psychological and historical level last touched in 2012. For now, silver is at a key inflection point. The consolidation between $36 and $36.64 acts as a staging ground for the next major move. Traders are watching closely for fresh catalysts to trigger direction outside this holding pattern.
Silver bounced from $36 and formed a Dragonfly Doji as buyers defended the 50 EMA. Price stalled below $36.63 as traders waited for U.S. sentiment data to move the dollar.
