Average weekly trading range in 2022 as of after week 42: USD 1.3.

This is an updated weekly chart of the Spot Silver prices in USD from post every Friday. It is created from a modified formula of week's open high low and close to identify a clear picture of the ongoing trend. Now, scroll down to the Monthly chart to see the even longer perspective.

After week 42, markets saw Silver gain more than 5% for this latest week and created an inside bar. Trades above USD 19.3 could spark an attempt higher, but be aware of the latest longer wider sideways trading pattern. This could fool you until a more clear trend in either direction is established again.

After week 40, Silvermarkets are seeing a higher high and a higher low. This is signalling a positive for higher prices to come on a weekly basis. Trades below USD 19.0 could make this scenario fail.

After week 34, Silver is trending lower represented above through the latest weekly lower low and lower high.

After week 33, there is weakness in the making. The weeky scale is showing a lower high and a lower low. Trading above USD 20.0 could see renewed strength.

After week 32, Silver continues to creep upwards signalled through the weekly higher highs and higher lows. This is strength rather than weakness. Falling below USD 19.7 should stall the ongoing upmove.

After week 28, the weakness continues. Trading back above USD 20.3 counld indicate the stronger seasonality could be in play. As for now the downtrend prevails.

After week 25, Prices are making a lower low on a weekly scale. Trading should exceed USD 22.00 in order to potentially change to strength from current weakness. For now there is support to 20.50 (May low). 

After week 24, Silver is trading sideways to lower. The latest week contains of a lower high and a lower low on a weekly scale signalling continued weakness.

After week 21, there is an inside bar and a narrow tradingrange for this latest week. Trading above 22.4 or below 21.7 could trigger further direction.

After week 20, Silver is showing an inside Red bar on a weekly scale indicating a pause to the ongoing weakness. Only trading above USD 22.5 could potetially change the current downtrend.

After week 18, there is a lower low and a lower high on a weekly scale indicating continued weakness. Prices needs to break above USD 24.8 to see the potential renewed upturn.

After week 17, the true weakness prevails and Silver is more than 5% lower than last week. There is a lower low and a lower high indicating further weakness for the Silvermarket in conjuctiuon with Seasonality.

After week 16, an outside bar containing the Red body of the weekly bar is indicating weakness rather than strength towards the latter part of the week. According to the development, there could be follow-through to the downside next week.

After week 15, there is Easter . A higher high and a higher low are indicating stronger prices to potentially come. Only trading below USD 24.8 could ruin current strength.

After week 14, an inside bar pressuring lower rather than higher seen through the latest Red lower high.

After week 12, Silverprices are sideways, awaiting which way and look for spark in the next direction.

After week 11, there is an inside bar with a slightly Blue colour on the weekly scale. It is too early to tell what direction next, but seasonality is weak for a few more days.

After week 10, Silver is making a higher high and a higher low. This is strength rather than weakness even though the weak seasonality period is here for a couple of more weeks.

After week 09, Silver is having a clear higher high and a higher low on a weekly basis. This is indicating strength.

After week 08, the Silver markets are strong last 4 weeks. The weekly chart is now showing a new higher high and a higher low continuing to indicate strength. Be aware of the seasonality window this week pointing to a potential pause / setback or stalling for prices. The weekly chart is strong ref latest Blue bar. 

After week 07, Silver is making a Blue bar on the weekly scale marked by a higher high and higher low. This is strength not weakness. 

After week 06, Silver prices turned up and are 5% higher. The weekly chart is showing a higher high and a higher low indicating strength on its way. This passed week lowpoint is USD 22.5

After week 05, Silver prices are looking vulnerable to much lower prices very soon. Current prices are at support levels, but the latest red weekly bar shows more weakness than strength. There could be seasonal support, but unless exceeding USD 23.2 soon the beartrend will persist.

After week 04, there is a lower low and a lower high on a weekly scale, indicating weakness and vulnerability for lower Silver prices to come. Momentum picks up 'only' by exceeding 24.3.

After week 03, there is clearly a Blue bar in the chart above indicating strength on a weekly scale. The stronger seasonality pattern (see seasonality chart on top of the page) looks to have room to play in favour.

Partners or associates to intraday.se do at times own positions in physical Silver or Spot Silver contracts or Silver futures. Read Disclaimer below.