Silver Price Holds Range, but 4-Hour Chart Turns Bearish

The Silver price has been holding within its range since mid-August, despite fundamental headwinds. On the daily chart, momentum indicators show neither clear buyers nor sellers in control.

The Relative Strength Index (RSI) is hovering near the 50 line, and the Moving Average Convergence Divergence (MACD) is just below zero, suggesting a lack of directional conviction. The 100-day Simple Moving Average (SMA) at $66 continues to cap the upside.

However, on the 4-hour chart, Silver has pulled back from $67.50 and is now testing the 50-period SMA near $65. A break below this level would expose $63, then $60.