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Published: 3 July 2026,07:09
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SILVER, H4:
Silver remains in a constructive recovery after breaking out of its descending channel, signaling that bearish momentum has faded and buyers are gradually regaining control. Following the breakout, price has established a series of higher highs and higher lows while holding above the key 58.95 support level, reinforcing the improving short-term bullish structure. However, silver is now approaching the immediate resistance at 64.55, where sellers may attempt to limit further gains.
Momentum indicators continue to favor the bulls. The Relative Strength Index (RSI) has climbed to around 66, reflecting strengthening buying momentum while approaching, but not yet entering, overbought territory. Meanwhile, the MACD has completed a bullish crossover above the zero line, with the histogram continuing to expand into positive territory. This suggests that upside momentum remains intact and supports the view of further near-term gains.Overall, the short-term outlook remains bullish as silver continues to outperform within the precious metals complex following its breakout from the descending channel.
Resistance Levels: 64.55, 71.45
Support Levels: 58.95, 54.35
BTC, H4
Bitcoin remains in a constructive recovery after rebounding from the 58,245 support zone and reclaiming the key 60,470 level. Recent price action shows buyers regaining control, with BTC establishing a series of higher lows while attempting to challenge the immediate resistance at 62,535. The successful defense of the lower support region suggests selling pressure has eased, although price still needs to overcome nearby resistance to confirm a broader bullish continuation.
Momentum indicators continue to improve. The Relative Strength Index (RSI) has climbed to around 60 and remains above its moving average, indicating strengthening bullish momentum while still leaving room for further upside before reaching overbought territory. Meanwhile, the MACD maintains a bullish crossover above the zero line, with the histogram continuing to expand in positive territory, suggesting that buying momentum remains firmly intact and supports the current recovery.Overall, the short-term outlook remains bullish as Bitcoin continues to recover from recent lows with strengthening momentum indicators and an improving price structure.
Resistance Levels: 62,530.00, 67,160.00
Support Levels: 60,470.00, 58,245.00
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