Silver Chart Update for Early-Summer 2025 – Technical Analysis
A quick update on the Silver Spot price action as an exclusive for Substack peeps today. Here is a daily chart as of 9:15am ET on Jul. 15, 2025:
In the late spring update published on April 30, I noted that gold and silver would likely chop into a consolidation that mirrors seasonality price action before a potential summer rally. Gold remains in that process since its Apr. 22 all-time high but there’s a high probability a bullish Inverse Head & Shoulders is forming.
“Seasonality price action this time of year is typically an extended consolidation process until mid to late June, but any substantial news event or economic data could send it higher or lower sooner.” - Apr. 30
Silver decided to deviate and is reminiscent of the rally in late April of 2011 to $49.79 before gold printed an ATH in Sep. 2011.
“Buy the ($27.97) dip crowd rallied the price back to $33.66 on decent buy Volume and is just in time for a seasonal consolidation process. The price action closed today at $32.58 while riding above the 50 EMA… Volumes are erratic on the buy and sell side… silver will eventually trend higher at a quickened pace after $35 is left in the dust.” - Apr. 30
The price action in silver tapped $38.52 on Friday Jul. 11 after ripping through the $37.25 rim of a Cup & Handle pattern to a high of $39.12, which nested an Adam & Adam Double Bottom test of support at a $35.50 lateral drawn back to 2012. Profit taking on Monday Jul. 14 closed with a bearish Plunger Candle (aka Shooting Star) that closed at $38.09, so expect a breather to establish fresh resistance and support levels before challenging $44 and $50. That move could happen sooner than later.
A complete analyses on gold and silver will be posted when my summer project nears its end or a sudden shift in the market warrants. Stay frosty if trading paper, and keep those bullion coins safe.
Plan Your Trade, Trade Your Plan
Not a Financial Advisor: None of the content produced by TraderStef™, staff members, or any services associated with this website should be construed as financial or investment advice. Financial investment is a risky endeavor and may lead to substantial loss. Always perform due diligence before undertaking any financial decision – Copyrighted Material: A “by TraderStef” credit linked back to this website is required when using any quotes, technical analysis charts, or publishing a partial version of an article.