Silver Maintains a Bullish Tone Amid Consolidation
On June 13, 2025, the silver market continues to show bullish resilience above the $36.05 pivot level. Technical indicators point to a potential upward continuation, with price targets aiming at $36.60 and $36.80, assuming the metal sustains its position above this critical support.
Despite some recent consolidation, the Relative Strength Index (RSI) remains mixed but leans bullish, suggesting upward momentum could gather strength. Silver traders will closely watch for a sustained break above resistance to confirm bullish conviction.
Intraday Technical Setup
- Pivot Point: $36.05
Preferred Scenario:
- Long positions above $36.05
- Targets: $36.60 and $36.80
Alternative Scenario:
- Short positions below $36.05
- Targets: $35.85 and $35.65
RSI Comment:
The RSI indicator is trending slightly upward and approaching 60 on hourly charts, indicating a bullish bias but not yet in overbought territory.
Price Action Analysis
Silver has been consolidating just above its short-term pivot, forming a base for a potential bullish breakout. The $36.05 level is acting as a key technical foundation, and any strong move above $36.60 could bring additional buyers into the market.
Volume patterns also suggest accumulation, and bullish candlestick formations on the H1 and H4 charts give a near-term edge to buyers. However, a decisive breach below $36.05 would negate this bias.
Key Price Levels to Watch
| Level | Type | Significance |
|---|---|---|
| $36.80 | Resistance | Extension target on bullish move |
| $36.60 | Resistance | First upside objective |
| $36.05 | Pivot | Intraday trend-defining level |
| $35.85 | Support | Initial downside fallback level |
| $35.65 | Support | Deeper bearish continuation |
Fundamental Factors Supporting Silver
1. U.S. Dollar Weakness
Recent soft inflation data from the U.S. has put pressure on the dollar, which supports silver prices by making the metal more attractive for holders of other currencies.
2. Safe-Haven Demand
Geopolitical uncertainty and inflation hedging continue to underpin demand for silver as a semi-precious metal with dual industrial and safe-haven roles.
3. Industrial Use Cases
With global manufacturing data improving, industrial demand for silver in electronics and solar applications remains robust, supporting price action.
4. Central Bank Positioning
Expectations of a dovish stance from the Federal Reserve have helped commodity prices, including silver, find renewed buying interest.
Trade Ideas for June 13, 2025
Bullish Setup:
- Entry: Above $36.10
- Stop Loss: $35.90
- Target 1: $36.60
- Target 2: $36.80
- Risk-Reward Ratio: 1:2.5
Bearish Setup (if pivot breaks):
- Entry: Below $36.00
- Stop Loss: $36.20
- Target 1: $35.85
- Target 2: $35.65
- Risk-Reward Ratio: 1:2
Frequently Asked Questions (FAQs)
Q1: What is the key pivot level for silver on June 13, 2025?
A1: The pivot level is $36.05.
Q2: Is silver expected to go up or down today?
A2: Silver has a bullish bias above $36.05 with targets at $36.60 and $36.80.
Q3: What does the RSI say about silver momentum?
A3: RSI shows a slight bullish trend, suggesting growing upside momentum.
Q4: What are the support levels to watch if silver falls?
A4: Key support zones are $35.85 and $35.65.
Q5: What could reverse the bullish outlook?
A5: A sustained drop below $36.05 could trigger bearish pressure.
Q6: What are the resistance levels above $36.05?
A6: Resistance is seen at $36.60 and $36.80.
Q7: Is silver being influenced by global macro events?
A7: Yes, dollar weakness and geopolitical concerns are driving safe-haven demand.
Q8: What technical indicators support the bullish view?
A8: RSI, bullish candles, and volume accumulation support the view.
Q9: Which timeframes show bullish trends?
A9: H1 and H4 charts favor the bulls.
Q10: How should traders approach silver today?
A10: Watch for a break above $36.60 for confirmation or hold long above $36.05.
Disclaimer
This content is for educational and informational purposes only and should not be considered financial advice. Trading silver and other commodities involves significant risk and is not suitable for all investors. Always consult with a licensed financial advisor before making investment decisions. Past performance is not indicative of future results.
