Lower highs since 51.26 NY-open spike; tight early Asia range at 50.58–50.68.
Silver spiked from 49.90 to the 51.26 spike high at the NY open as oil and the USD slid, then held a 50.6–51.1 band before fading through lower highs into a 50.39 NY low near the 61.8% retrace. Early Asia session is compressing at 50.58–50.68, sitting on the 50% level just under EMA20, with RSI(14) neutral near 46.
Support: 50.39, 50.00
Resistance: 50.76, 51.10, 51.26
What it said to watch
M15 close above the 50.76 swing high breaks the lower-high sequence and puts the 51.10 range top back in play
Failure to hold the 50.39 ny low clears the 61.8% retrace and exposes the 50.00 round number
51.26 spike high remains the rejection point; acceptance above it reverses the post-spike fade
US midterm results and JOLTS (15:00 UTC Tue) carry USD gap risk that could break the Asian range
Lower highs off NY spike, compressing above 50.39.
The NY-open spike from 49.90 to the 51.26 spike high came as the USD slid with crude on US-Iran diplomacy reports. It has since bled into a chain of lower highs, with the 50.39 NY low holding near the 61.8% of the spike fib. Early Asia is compressing around 50.60, between the fib 50% and the 50.76 lower high, with RSI(14) neutral near 48 and price pinned to EMA20.
Support: 50.59, 50.39, 50.00
Resistance: 50.76, 51.10, 51.26
What it said to watch
Close above the 50.76 lower high breaks the post-spike lower-high chain and reopens the 51.10 NY high, then the 51.26 spike high
Failure to hold the 50.39 NY low confirms a lower-low and exposes the 50.00 round number
US midterm results flowing overnight could gap USD and yields and materially shift this read
The 13:30 UTC spike to the 51.26 spike high came as oil slid on US-Iran diplomacy hopes and the USD softened, but it met rejection. NY then carved lower highs down to the ny low at 50.389, right at the 61.8% retracement of the 49.90–51.26 leg. Early Asia is compressing between 50.39 and 50.68, with price under EMA20.
Support: 50.389, 50.00
Resistance: 50.762, 51.26
What it said to watch
M15 close below the 50.389 ny low breaks the 61.8% hold and exposes the 50.00 round number
Close above the 50.762 lower high reopens the 51.26 spike high
Midterm results overnight and JOLTS at 15:00 UTC could materially shift this read
23:04 UTC
Post-spike pullback, lower highs since NY open · RSI 46 · price 50.637
Lower highs from 51.26, base forming at 50.39-50.41.
The NY open spike to 51.26 spike high was rejected inside the bar as the oil-driven USD dip faded. Silver has printed lower highs since and retraced to the 50.39 ny low near the 61.8% of the NY spike fib, where demand held twice. Late-session price sits just under EMA20 around 50.65, with RSI(14) neutral at about 46.
Support: 50.389, 50.00
Resistance: 50.762, 51.26
What it said to watch
M15 close above the 50.76 lower high breaks the post-spike sequence and reopens the 51.26 spike high
Failure to hold the 50.39 ny low exposes the 50.00 psych pivot
Midterm results and Tuesday's 15:00 UTC JOLTS could materially shift this read
22:47 UTC
Post-spike pullback, lower highs since NY open · RSI 45 · price 50.637
Lower highs from 51.26, base at 50.39–50.41, holding fib 50%.
Silver extended its Monday gap-up rally when the NY open spike ran from 49.90 to 51.26 as oil slid on US-Iran signals. The spike high was rejected, and price has since capped at a 51.10 range top and a series of lower highs. Demand stepped in twice at the 50.39–50.41 swing low near the 61.8% fib, and late-NY price is sitting on the fib 50% at 50.59 with RSI(14) neutral at 45.
Support: 50.59, 50.41, 50.00
Resistance: 50.76, 51.10, 51.26
What it said to watch
M15 close above the 50.76 lower high breaks the post-spike lower-high sequence and puts the 51.10 range top back in play
Acceptance above the 51.26 spike high would negate the rejection read
Failure to hold the 50.41 swing low exposes the 50.00 psych pivot
Thin Asia-session liquidity ahead of Tuesday's US midterms could produce outsized moves relative to the ~145-pip ATR
22:32 UTC
Post-spike pullback, lower highs since NY open · RSI 46 · price 50.637
NY spike retraced to 61.8%, double low at 50.39/50.41.
The NY-open spike to the 51.26 spike high cleared the London high at 50.53 as oil slid on US-Iran diplomacy. Price has since retraced to the 61.8% of that leg, where demand held a double low at 50.39/50.41. Late-NY bounces are stalling below the 50.76 lower high, with price pinned at EMA20 and RSI(14) neutral near 46.
Support: 50.534, 50.389, 50.00
Resistance: 50.762, 51.101, 51.26
What it said to watch
Failure to hold the 50.39 double low breaks the retest and exposes the 50.00 round number
An M15 close above the 50.76 lower high and the lower-highs line reopens the 51.10 swing high
Midterm results overnight and JOLTS Tue 15:00 UTC could materially shift this read
Lower highs from 51.26 spike high; 50.39 NY low holding near 61.8% fib.
The NY-session jump to the 51.26 spike high came as oil slid on US-Iran headlines. It was rejected, and price has since printed lower highs at 51.10, 50.99 and 50.76, while the 50.39 NY low held near the 61.8% fib of the 49.90–51.26 leg. Late-NY trade is compressing around the 50% fib at 50.58 and EMA20, with RSI(14) neutral near 50 and the last two bars edging above the lower-highs line.
Support: 50.58, 50.39, 50.00
Resistance: 50.76, 51.10, 51.26
What it said to watch
M15 close above the 50.76 lower high breaks the lower-high sequence and reopens the 51.10 NY cap
Failure to hold the 50.39 NY low (61.8% fib) exposes the 50.00 round number
US midterm results from 05:00 UTC Tue could materially shift this read during the Asia session
Further US-Iran or oil headlines drove the spike high and remain the main intraday catalyst
Lower highs from 51.10 after 13:30 UTC spike; swing low 50.39–50.41 holding.
Silver gapped up at the Asia open, then the 13:30 UTC spike broke the 50.53 London high and tagged the 51.26 spike high as US-Iran headlines knocked oil lower. NY then printed lower highs at 51.10, the 50.99 swing high and the 50.76 lower high. The swing low at 50.39–50.41 held twice near the 61.8% level of the spike fib, and price is idling at 50.64 just under EMA20 in thin post-NY trade.
Support: 50.39, 50.00
Resistance: 50.76, 50.99, 51.26
What it said to watch
M15 close above the 50.76 lower high breaks the lower-highs trendline sequence and puts the 50.99 swing high back in play
Loss of the 50.39 swing low exposes the 50.00 round number, below the spike base
Midterm election results from 05:00 UTC Tue could materially shift this read during Asia session
JOLTS Tue 15:00 UTC is the next scheduled US data risk
Lower highs from 51.26, lows holding 50.39–50.41 near 61.8% retracement.
Silver spiked from 49.90 to the 51.26 spike high at 13:30 UTC as Iran-driven oil weakness eased Fed-hike pressure, clearing the 50.50 Asian/London highs. The pullback has printed lower highs through NY hours, while dips stalled at the 50.39–50.41 swing low near the 61.8% retracement. Price is now pressing the descending line from 50.99 around 50.60 in thin late-session trade.
Support: 50.39, 50.00
Resistance: 50.76, 51.10, 51.26
What it said to watch
M15 close below the 50.39 swing low breaks the 61.8% hold and exposes the 50.00 round number
Acceptance above the 50.76 lower high invalidates the descending line and brings the 51.10 range top and 51.26 spike high back into view
US midterms from 05:00 UTC Tue, then JOLTS at 15:00 UTC, could materially shift this read
Fresh US-Iran or oil headlines were the driver of the 13:30 spike and can reprice the metal quickly
21:32 UTC
Post-spike pullback, lower highs since early NY · RSI 39 · price 50.515
Impulse to 51.26 then range 50.60–51.10, broken lower; now basing 50.39–50.76.
Silver spiked from the 49.90 spike origin to a 51.26 session high in early NY hours as oil slid on US-Iran diplomacy headlines, then held a 50.60–51.10 range before slipping into late NY. The swing low at 50.39 sits on the 61.8% retracement of that leg, with a lower high at 50.76 capping the late-session drift and price below both EMAs.
Support: 50.39, 50.00, 49.90
Resistance: 50.76, 51.10, 51.26
What it said to watch
M15 close below the 50.39 swing low (61.8% fib) exposes the 50.00 round number and the 49.90 spike origin
Recovery above the 50.76 lower high reopens the 51.10 range top and the 51.26 session high
US midterms from 05:00 UTC, then JOLTS 15:00 UTC, could materially shift this read
Lower highs under a descending trendline, swing low at 50.39 holding.
Silver gapped higher at the weekly open and spiked to the 51.26 spike high at 13:30 UTC as oil slid on US-Iran diplomacy headlines. The spike high was rejected, and NY hours have since printed lower highs under a descending trendline. Price is sitting on the EMA50 and the 50% fib, with the swing low at 50.39 (61.8% fib) holding twice and RSI(14) near 42.
Support: 50.39, 50.00
Resistance: 50.76, 51.10, 51.26
What it said to watch
A close above the trendline and the 50.76 lower high breaks the lower-high sequence and puts the 51.10 range top back in play
Failure to hold the 50.39 swing low and 61.8% fib exposes the 50.00 round number
US midterms (from 05:00 UTC Tue) and JOLTS at 15:00 UTC could materially shift this read
20:47 UTC
Intraday pullback after NY spike, lower highs · RSI 38 · price 50.503
Lower-high/lower-low chain from the 51.26 session high, price back at London range top.
Silver spiked from the 49.90 NY low to a 51.26 session high at the NY open as oil slid on US-Iran diplomacy headlines. It then held a 50.60–51.06 range top before rolling into lower highs, with the latest at 50.762. Late NY has given back to the 61.8% of that spike near 50.42, retesting the 50.50 London ceiling. The 50.389 swing low is the current floor, with RSI(14) at 38 and not oversold.
Support: 50.389, 50.00, 49.90
Resistance: 50.762, 51.06, 51.26
What it said to watch
M15 close below the 50.389 swing low extends the lower-low chain toward the 50.00 round number and the 49.90 ny low
Recovery above the 50.762 lower high and the lower-highs trendline breaks the pullback structure, reopening the 51.06 range top and 51.26 session high
US midterm results from 05:00 UTC Tue, then JOLTS at 15:00 UTC, could materially shift this read
Oil reversal back toward $100 would pressure the spike retracement
20:32 UTC
Post-spike fade, lower highs since early NY · RSI 37 · price 50.537
Lower highs and lower lows off 51.26; retesting the Asia high zone.
Silver spiked to 51.26 at the NY open as oil slid on US-Iran diplomacy headlines. It then faded through NY hours, printing lower highs at 50.99 and 50.76 and a session low at 50.389 below the spike's 61.8% retrace. Late NY, price is retesting the asia high near 50.50, with RSI(14) near 37 and trading below both EMAs.
Support: 50.503, 50.389, 50.00
Resistance: 50.762, 50.99, 51.26
What it said to watch
An M15 close above the 50.762 lower high breaks the post-spike lower-high chain; the 50.99 swing high and 51.26 spike high sit above.
Failure to hold the asia high at 50.50 and the 50.389 session low extends the spike retrace toward the 50.00 psych level.
US midterms from 05:00 UTC and JOLTS at 15:00 UTC Tue, plus oil/US-Iran headlines, could materially shift this read.
Lower highs below 51.26 spike high, retracing toward the base.
Silver spiked from 49.90 to the 51.26 spike high as oil slid on US-Iran diplomacy headlines. It has since printed a run of lower highs and retraced to the 50% fib near 50.58, after a dip to the 50.39 swing low just under the 61.8% level. Price is sitting on the ema50 late in the session, below the ema20, with RSI(14) near 40.
Support: 50.389, 50.00
Resistance: 50.762, 51.26
What it said to watch
Close below the 50.39 swing low extends the pullback past the 61.8% fib toward the 50.00 round number
Close above the 50.76 lower high breaks the lower-highs trendline sequence
Rejection again under 51.26 spike high keeps the post-spike structure capped
US midterms from 05:00 UTC Tue could materially shift this read
Spike high rejected, NY sequence of lower highs; late-NY sweep of the 50.59 post-spike floor recovered.
Asia carried silver back through $50. The 13:30 UTC jump from the 49.90 spike base to the 51.26 spike high came as US-Iran signals knocked oil, but it was rejected at once, and NY has since printed lower highs beneath the 50.99 lower high. Late NY swept the 50.59 post-spike floor to a 50.39 NY low near the 61.8% spike fib before closing back at 50.61, below EMA20 and sitting on EMA50, with RSI(14) near 39.
Support: 50.39, 50.00, 49.90
Resistance: 50.68, 50.99, 51.26
What it said to watch
M15 close above the 50.68 minor high and the lower-highs trendline near 50.88 would break the post-spike sequence
Failure to hold the 50.39 NY low / 61.8% spike fib exposes the 50.00 round number and the 49.90 spike base
US midterm results overnight (from 05:00 UTC) and JOLTS Tue 15:00 UTC could materially shift this read
An oil rebound toward $100 has been coinciding with pressure on silver via Fed-hike pricing
Post-spike range 50.59–51.10 broken lower in late NY; lower-high sequence intact.
Silver spiked from 49.90 to the 51.26 spike high in early NY as oil slid on US-Iran diplomacy headlines, then gave the move back in steps with lower highs at 51.10 and 50.99. Late NY has broken the 50.59 range floor and is pressing the session low near the 61.8% fib of that leg at 50.42, with RSI(14) near 33 and price below both EMAs.
Support: 50.458, 50.42, 50.13
Resistance: 50.59, 50.99, 51.26
What it said to watch
A close back above the 50.59 range floor would turn the break into a false break
Failure at the 50.42 fib 61.8% and the 50.458 session low exposes the 50.13 spike base and the 50.00 psych level
A break of the lower-high trendline above 50.99 reopens the 51.26 spike high
US midterm results from ~05:00 UTC Tue could materially shift this read, with JOLTS at 15:00 UTC Tue next
Lower highs from 51.26 spike high; 50.59 range floor broken.
Silver's oil-driven spike from 49.90 to 51.26 into the NY open has faded. Price formed a string of lower highs along the descending trendline, and late NY has slipped under the 50.59 range floor to a 50.46 swing low, near the 61.8% fib at 50.42. RSI(14) is near 42, so momentum is neutral-soft rather than oversold.
Support: 50.46, 50.15, 50.00
Resistance: 50.59, 50.99, 51.26
What it said to watch
M15 close back above the 50.59 range floor negates the range break
Failure to hold the 50.46 swing low and 61.8% fib at 50.42 exposes the 50.15 spike base and 50.00 psych
Close above the descending trendline and 50.99 lower high reopens the 51.26 spike high
US midterm results from ~05:00 UTC during the Asia session could materially shift this read
13:30 UTC breakout above Asian/London highs, then a 50.59–51.10 range with descending highs.
Silver cleared the ~50.50 Asian high at 13:30 UTC in a one-bar spike to 51.26 as oil slid on US-Iran diplomacy. It has since ranged 50.59–51.10. Late in the NY session a lower-high sequence from the 51.10 range top is pressing the 50.59 range floor, which coincides with the 50% retrace of the spike; RSI(14) is near 41.
Support: 50.585, 50.50, 50.00
Resistance: 50.99, 51.10, 51.26
What it said to watch
M15 close below the 50.585 range floor and 50% fib opens a return to the 50.50 Asian high
Close above the 50.99 lower high breaks the descending sequence and reopens the 51.10 range top and 51.26 spike high
A loss of the 50.00 psych level would erase the entire spike leg
US midterm results flowing from ~05:00 UTC into the Asia session could materially shift this read
50.59–51.10 range since the 13:30 UTC spike, price at the range low.
Silver gapped higher at the Sunday open and spiked to 51.26 at 13:30 UTC as oil slid on US-Iran diplomacy, then spent NY hours in a 50.59–51.10 range with three rejections at the range cap. A lower high at 50.99 along a descending trendline has price back at the range low and the 50% retracement of the spike, RSI(14) near 37 and below EMA20.
Support: 50.59, 50.50, 50.00
Resistance: 50.99, 51.10, 51.26
What it said to watch
M15 close below the 50.59 range low exposes the Asian high at 50.50 and the 61.8% fib near 50.42
Loss of 50.50 puts the 50.00 psych level back in play
Close above the 50.99 lower high and descending trendline breaks the lower-high sequence, with the 51.10 range cap and 51.26 spike high above
US midterm results from ~05:00 UTC could materially shift this read
Range 50.59–51.10 after 13:30 UTC spike, lower highs.
Silver spiked from 49.90 to the 51.26 spike high at 13:30 UTC as oil slumped on US-Iran diplomacy, clearing the London high at 50.53. Late in the NY session price is ranging 50.59–51.10, with lower highs into 50.99 pressing the range low at the 50% fib of the spike. RSI(14) is near 44.
Support: 50.595, 50.534, 50.00
Resistance: 50.99, 51.10, 51.26
What it said to watch
M15 close below the 50.59 range low exposes the London high at 50.53 and the 61.8% spike fib near 50.42
Close above the 50.99 lower high and the 51.10 range top reopens the 51.26 spike high
Loss of 50.00 psych would unwind the session breakout
Loan Officer Survey 19:00 UTC, then midterm results from ~05:00 UTC Tue, could materially shift this read
Late-NY range 50.59–51.10 under a descending trendline.
Silver spiked from 49.90 to the 51.26 spike high in the first hour of NY as oil slumped on US-Iran diplomacy, clearing the 50.53 London high and the 50.00 psych level. It has since held a range between the 50.59 NY low, which sits at the 50% fib of the spike, and the 51.10 range top, with lower highs into 50.99 pressing under a descending trendline and RSI(14) near 45.
Support: 50.594, 50.534, 50.00
Resistance: 50.99, 51.10, 51.26
What it said to watch
M15 close below the 50.59 NY low breaks the range floor and exposes the 50.53 London high, then 50.00 psych
Close above the descending trendline and the 51.10 range top reopens the 51.26 spike high
Midterm results from ~05:00 UTC during the Asia session could materially shift this read
NY spike above the Asian range and London high, now compressing in a 50.59–51.10 band.
Silver spiked from 49.90 to the 51.26 spike high at 13:30 UTC as oil slumped on US-Iran diplomacy. The move cleared the Asian range and the London high near 50.53, and the softer ISM Prices Paid print did not reverse it. Since then price has held a 50.59–51.10 band with lower highs. The 17:45 dip to the 50.59 range low stalled near the spike's 50% retracement and recovered toward 50.90 mid-NY session.
Support: 50.594, 50.534, 50.00
Resistance: 51.10, 51.26
What it said to watch
M15 close below the 50.59 range low exposes the london high at 50.53 and the spike fib 61.8% near 50.42
Close above the 51.10 range top reopens the 51.26 spike high
A WTI rebound or stalled US-Iran headlines would put the 50.00 psych level back in play
US midterm results from ~05:00 UTC Tue and JOLTS at 15:00 UTC could materially shift this read
An early NY spike from 49.90 to the 51.26 spike high cleared the london high at 50.53 as oil slid on US-Iran diplomacy. Since then price has held a 50.60–51.10 range into late NY. The range low was tested twice, most recently in the last hour, and sits near the 50% retracement of the spike.
Support: 50.60, 50.53, 50.00
Resistance: 51.10, 51.26
What it said to watch
M15 close below the 50.60 range low exposes the 50.53 london high and the 50.00 psych level
M15 close above the 51.10 range top puts the 51.26 spike high back in play
Loan Officer Survey at 19:00 UTC and US midterm results from ~05:00 UTC Tue could shift this read
Silver gapped higher at the Asia open. It cleared the Asian high (50.50) in a 13:30 UTC spike to 51.26 as oil slumped on US-Iran diplomacy, and NY hours have since held a 50.60–51.10 range. Price is slipping under EMA20 toward the range low, which sits on the 50% retrace of the spike, with RSI(14) neutral near 52.
Support: 50.598, 50.503, 50.00
Resistance: 51.10, 51.26
What it said to watch
M15 close below the 50.60 range low exposes the Asian high at 50.50 as the breakout retest
Loss of 50.50 puts the 50.00 psych level back in play
Close above the 51.10 range top reopens the 51.26 session high
Senior Loan Officer Survey (19:00 UTC) and overnight midterm results could materially shift this read
17:17 UTC
Post-breakout, consolidating near highs · RSI 58 · price 50.953
Tight 50.89–51.10 band above the 50% retrace of the NY spike, rising lows.
Silver broke out of the 49.90–50.53 London range with a 13:30 UTC spike to the 51.26 spike high as WTI slid on US-Iran headlines. The pullback held the spike fib 50% near the 50.60 spike low. Since the ISM print, price has compressed after London close into a 50.89–51.10 band with rising lows, and RSI(14) sits neutral near 58.
Support: 50.89, 50.60, 50.00
Resistance: 51.10, 51.26
What it said to watch
M15 close below the 50.89 range floor and the rising lows line exposes the 50.60 spike low
M15 close above the 51.10 range top reopens the 51.26 spike high
Loss of the 50.00 psych level would unwind the NY breakout
Oil / US-Iran headlines and midterm positioning into Tuesday can materially shift this read
17:04 UTC
Uptrend, consolidating after spike · RSI 57 · price 50.906
Post-spike pennant, higher lows under 51.10.
Silver gapped higher at the Sunday open. In early NY hours it broke the london high at 50.53 with a vertical spike to 51.26 as oil slid on US-Iran diplomacy headlines. Since then price has compressed into a pennant: a 51.10 triple cap above, rising lows that held the 50% fib at 50.60, and price holding above the ema20 near 50.74 into the post-London NY session, with RSI(14) at 57.
Support: 50.74, 50.60, 50.53
Resistance: 51.10, 51.26
What it said to watch
M15 close above the 51.10 triple cap breaks the pennant and puts the 51.26 spike high back in play
Close below the pennant base and ema20 near 50.74 exposes the 50% fib at 50.60, then the london high at 50.53
Oil and US-Iran headlines plus pre-midterm positioning into Tuesday could materially shift this read
16:47 UTC
Uptrend, pausing after spike · RSI 61 · price 50.958
Silver gapped higher at the weekly open and broke the 50.10–50.53 range. It then spiked to 51.26 as oil slid on US-Iran diplomacy, and the spike high was rejected. The pullback low at 50.60 held at the 50% fib of that leg, and price is now coiling under the 51.10 range top with a swing low at 50.74 and ema20 rising below.
Support: 50.74, 50.598, 50.00
Resistance: 51.10, 51.26
What it said to watch
M15 close above the 51.10 range top reopens the 51.26 spike high
Close below the 50.74 swing low breaks the higher-low line and exposes the 50.60 pullback low
Loss of the 50.00 round number would unwind the breakout from the 50.10–50.53 range
US midterm results overnight and JOLTS Tue 15:00 UTC could materially shift this read
16:32 UTC
Intraday uptrend, consolidating after NY spike · RSI 65 · price 50.992
Post-breakout range 50.74–51.10 below spike high, higher lows holding.
Silver gapped higher into the Asia open, then spiked from 49.90 to the 51.26 spike high at 13:30 UTC as oil slid on US-Iran diplomacy, clearing the 50.53 London high. Since then price has been coiling under the 51.10 session cap, with a higher low at 50.74 and the pullback holding the fib 50% retrace near 50.60. RSI(14) near 65 is firm but not stretched.
Support: 50.74, 50.60, 50.53
Resistance: 51.10, 51.26
What it said to watch
A close above the 51.10 session cap reopens the 51.26 spike high
Losing the 50.74 higher low breaks the consolidation, with the 50.60 fib 50% next
A return below the 50.53 London high would mark the spike as a failed breakout
Goolsbee remarks (16:15 UTC) on December hike odds could shift the read; US midterms Tue are the next event risk
Post-spike consolidation 50.60–51.10, higher lows below a flat cap.
Silver broke above the 50.53 london high with a 13:30 UTC spike from 49.90 to 51.26 as oil slid on US-Iran diplomacy, then settled into a 50.60–51.10 consolidation during NY hours. Higher lows at the 50.60 spike low and 50.74 swing low sit on the 50%/38.2% retracement of the spike, while the 51.10 session cap has turned price back three times. RSI(14) is near 63.
Support: 50.74, 50.60, 50.53
Resistance: 51.10, 51.26
What it said to watch
M15 close above the 51.10 session cap opens a retest of the 51.26 spike high
Break below the 50.74 swing low and the higher-lows line turns the consolidation into a deeper spike retracement toward the 50.60 spike low
Loss of 50.53 (london high) puts price back inside the pre-breakout range
Goolsbee speaking now (16:15 UTC); remarks on December hike odds could materially shift this read
Post-breakout compression: rising lows under a flat 51.10 cap.
The 13:30 UTC spike from 49.90 to the 51.26 spike high came as oil slid on US-Iran diplomacy. It cleared Monday's Asian and London high near 50.53, and the pullback held the fib 50% at 50.60. NY trade has since compressed into rising lows under a 51.10 range cap, with RSI(14) near 60.
Support: 50.74, 50.60, 50.53
Resistance: 51.10, 51.26
What it said to watch
M15 close above the 51.10 range cap reopens the 51.26 spike high
Break of the rising lows at 50.74 returns focus to the fib 50% at 50.60
Loss of 50.60 puts the london high at 50.53 up for a breakout retest
Goolsbee at 16:15 UTC could shift December hike pricing and this read
After a London false break below 50.00 to 49.90, the 13:30 UTC NY-open spike carried price to the 51.26 session high, clearing the 50.53 london high and the Asian range top, as softer oil trimmed hike fears. The pullback held the 50% fib at 50.60, and price is now coiling in a pennant between a higher low at 50.74 and an intraday cap near 51.10, RSI(14) at 64. The 15:00 UTC ISM release drew only a muted reaction.
Support: 50.74, 50.60, 50.53
Resistance: 51.10, 51.26
What it said to watch
M15 close above the 51.10 intraday cap reopens the 51.26 session high
Loss of the 50.74 higher low breaks the pennant and exposes the 50% fib at 50.60, then the 50.53 london high
Goolsbee at 16:15 UTC could materially shift this read
Tuesday midterm results overnight carry gap risk for the pennant read
Post-spike consolidation 50.60–51.26, lower high at 51.10.
After a weekend gap up from 49.12, the oil-led relief bid extended at the start of NY hours. A 13:30 UTC spike ran from the 49.90 London low to the 51.26 spike high, clearing the 50.53 London high. Since then a 51.10 lower high and the 50.60 dip low, near the 50% level of the spike fib, frame the consolidation, with RSI(14) neutral near 57.
Support: 50.598, 50.534, 50.00
Resistance: 51.101, 51.26
What it said to watch
Close below the 50.60 dip low exposes the 50.53 london high; losing that reopens the 50.00 psych level
Close above the 51.10 lower high breaks the lower-highs line and reopens the 51.26 spike high
Fed's Goolsbee at 16:15 UTC could materially shift this read; JOLTS Tue 15:00 UTC is the next data risk
Around the NY open (13:30 UTC), silver spiked from the 49.90 pre-NY low to the 51.26 spike high. The move cleared the 50.534 London high and was sharply rejected, but the 50.598 spike low held at the 50% fib and higher lows have since built toward the 51.10 range top. The 15:00 UTC ISM bar stayed inside 50.88–51.10. Oil slipping back under $100 is the backdrop to the bounce.
Support: 50.598, 50.534, 49.90
Resistance: 51.101, 51.26
What it said to watch
M15 close above the 51.26 spike high extends the NY breakout
Break of the higher-low line and the 50.598 spike low reopens the 50% fib area
Close back below the 50.534 London high turns the breakout into a false break
Goolsbee at 16:15 UTC; ISM follow-through could break the 50.88–51.10 range
Breakout above Asian and London highs, higher lows after a ~50% retrace.
A first-hour-of-NY spike broke the Asian and London highs at 50.50–50.53 and tagged the 51.26 spike high. Price then retraced about 50% to a 50.60 pullback low, where demand stepped in, and has since rebuilt to 51.02 with rising lows, capped near 51.10. The bounce sits on oil relief, with WTI back below $100, and ISM is landing on the current bar. RSI(14) is around 66.
Support: 50.598, 50.534, 50.00
Resistance: 51.101, 51.26
What it said to watch
ISM Mfg PMI and Prices Paid at 15:00 UTC, then Goolsbee at 16:15 UTC, could materially shift this read
A close above the 51.10 local cap and the 51.26 spike high extends the breakout
Loss of the 50.60 pullback low exposes a retest of the 50.53 london high
Acceptance back below the 50.00 round number unwinds the NY-open breakout
NY open breakout above London high, now consolidating 50.598–50.972 below spike high.
The 13:30 UTC NY open bar lifted silver from the 49.900 session low to a 51.260 spike high. The next bar rejected the move, but the pullback low at 50.598 held the 50% of the spike fib. Price is now consolidating 50.598–50.972, still above the london high at 50.534 that capped the London session after the Asian range (49.333–50.503). RSI(14) has cooled to ~63 and ATR(14) is elevated at ~230 pips.
Support: 50.598, 50.534, 50.00
Resistance: 50.972, 51.26
What it said to watch
ISM Mfg PMI and Prices Paid at 15:00 UTC (17:00 broker), minutes away, could materially shift this read
Close below the pullback low at 50.598 and the london high at 50.534 returns price to the morning range, with 50.00 psych next
Close above the lower high at 50.972 reopens the 51.260 spike high
Goolsbee at 16:15 UTC is a second event risk inside the NY session
Higher lows since Monday gap, spike high rejected.
Monday gapped up from Friday's 48.85 low and climbed through Asia and London to 50.53 as oil relief eased hike fears. A first-hour-of-NY spike to the 51.26 session high was rejected, and the pullback found a spike low at 50.60, the 50% retrace, holding above the London high.
Support: 50.598, 50.534, 50.00
Resistance: 50.908, 51.26
What it said to watch
ISM Manufacturing PMI at 15:00 UTC, then Goolsbee at 16:15 UTC, could materially shift this read
Close back below the london high at 50.534 turns the spike into a false break
Clearance of the 50.908 lower high reopens the 51.26 session high
Loss of 50.00 psych and the rising support from 49.56 undoes the Monday higher-low chain
Higher lows since Friday; NY spike broke the London high, then retraced.
A 13:30 UTC spike from 49.90 to 51.26 cleared the 50.53 London high but was rejected within one bar. Price is holding near the 38.2% of the spike fib, with the 50.60 pullback low sitting at the 50% level and a 50.91 lower high capping. Rising lows from Friday's 48.85 base remain intact on oil relief and a softer USD.
Support: 50.598, 50.534, 50.00
Resistance: 50.908, 51.26
What it said to watch
ISM Manufacturing PMI and Prices Paid at 15:00 UTC, then Goolsbee at 16:15 UTC, could materially shift this read
An M15 close below the 50.60 pullback low and the 50.53 London high returns price to the pre-spike range
A close above the 50.91 lower high reopens the 51.26 spike high
Loss of 50.00 psych and the rising lows line breaks the higher-low chain
NY-open breakout above London high, sharp pullback to spike midpoint.
The first NY bar spiked from the 49.90 spike base to 51.26, clearing the London high at 50.534. The next bar gave back most of the move, leaving price near the 50% retrace of the spike at 50.58–50.67. The surge fits the digest's oil-relief short-covering read, and RSI(14) has cooled to ~60 after the rejection.
Support: 50.534, 50.00, 49.90
Resistance: 51.00, 51.26
What it said to watch
M15 close back below the london high at 50.534 turns the spike into a false break
Loss of the 50.00 psych level reopens the spike base at 49.90
Close above the 51.00 round number puts the 51.26 spike high back in play
ISM Manufacturing PMI and Prices Paid at 15:00 UTC, then Goolsbee at 16:15 UTC, could materially shift this read
Breakout above Asian range and London high, consolidating under spike high.
A single 13:30 UTC bar ran more than $1.10 off the 49.90 spike low and cleared both the Asian range high (50.50) and the 50.53 London high. That extended the oil-relief bounce off Friday's 48.86 low, and price is now holding near 51.10 just under the 51.26 spike high. RSI(14) is hot at 78 and ATR(14) has jumped to about 190 pips.
Support: 50.53, 50.00, 49.90
Resistance: 51.26, 51.50
What it said to watch
M15 close above the 51.26 spike high opens the 51.50 round number
Close back below the 50.53 London high, inside the Asian range, would mark a false break
The 50% spike fib at 50.58 sits on top of the London high
Loss of the 50.00 round number and the 49.90 spike low would unwind the entire burst
ISM Manufacturing PMI at 15:00 UTC and Goolsbee at 16:15 UTC could materially shift this read
13:32 UTC
Intraday pullback inside Monday's rebound, lower highs since London · RSI 52 · price 50.208
Lower highs from 50.534 London high; demand at 49.900 near 50% retrace.
Monday's gap-up rebound from 49.333 came on oil relief. It stalled at the London high of 50.534 after a false break of the 50.503 Asian high, and has printed lower highs since. The pullback was rejected at the 49.900 session low, near the 50% retrace of the Monday rally and just under the 50.00 psych level, with RSI(14) back to 52 into the NY session.
Support: 50.00, 49.90, 49.561
Resistance: 50.313, 50.534
What it said to watch
A close back below the 49.900 session low exposes the 61.8% retrace at 49.79 and the asian low at 49.561
A close above the 50.313 lower high reopens the 50.534 london high
ISM Manufacturing PMI and Prices Paid at 15:00 UTC, then Goolsbee at 16:15 UTC, could materially shift this read
13:17 UTC
Intraday pullback, lower highs since London · RSI 31 · price 49.981
Failed London break of Asia high, lower highs and lower lows into 50.00.
The oil-relief bounce from Friday's 48.85 low carried through Asia to the 50.503 Asia high. London's push to the 50.534 session high was a false break that met rejection, and lower highs have since dragged price back to psych 50.00 in the London-NY transition, sitting between the 50% and 61.8% fib of the 49.561–50.534 leg with RSI(14) near 31.
Support: 50.00, 49.933, 49.561
Resistance: 50.158, 50.503, 50.534
What it said to watch
ISM Manufacturing PMI and Prices Paid at 15:00 UTC, then Goolsbee at 16:15 UTC, could materially shift this read
M15 close below psych 50.00 and the 61.8% fib at 49.933 exposes the asia low at 49.561
Close above the 50.158 lower high and the falling trendline breaks the London lower-high sequence
Lower-high sequence below a falling trendline from the 50.534 session high, pressing the 50.00 psych area.
The oil-relief bounce off Friday's 48.851 low gapped higher at the open and topped at the 50.534 session high in London, a false break of the 50.503 Asian high. Since then the London session has printed a lower-high sequence under a falling trendline, slipping back to the 50.00 psych area below the 23.6% fib at 50.137 and both EMAs, with RSI(14) near 35 ahead of NY open.
Support: 50.017, 49.891, 49.561
Resistance: 50.137, 50.258, 50.534
What it said to watch
A close below the 50.017 session low and 50.00 psych exposes the 38.2% fib at 49.891, then the 49.561 asian low
A close above the 50.258 lower high breaks the falling trendline and reopens the 50.534 session high
ISM Manufacturing PMI and Prices Paid at 15:00 UTC, then Goolsbee at 16:15 UTC, could materially shift this read
12:47 UTC
Intraday downtrend from the London high, momentum soft · RSI 36 · price 50.12
Lower highs since 50.534, testing the 50.00 psych ahead of NY open.
The Asia-session oil-relief bounce off the weekend gap stalled at the 50.534 day high in early London. Price has since printed a lower-high chain into the 50.00 psych, with the session low at 50.017 holding near the 50% fib of the Asia leg. RSI(14) sits near 36 with price below both EMAs.
Support: 50.017, 50.00, 49.561
Resistance: 50.258, 50.534
What it said to watch
M15 close below the 50.00 psych and the session low opens the 49.561 swing low
M15 close above the 50.258 lower high breaks the descending lower-high chain and puts the day high back in focus
ISM Manufacturing PMI and Prices Paid at 15:00 UTC, then Goolsbee at 16:15 UTC, could materially shift this read
Lower highs since the London high, holding just above 50.09.
Asia gapped up from Friday's 49.12 close and ran to the 50.503 Asian high as WTI slipped under $100. The London push to 50.534 failed, leaving a London high and a run of lower highs into the 50.088 London low. Late London, price sits below EMA20 near 50.20 and around the 38.2% retracement of the Asia-London leg (~50.16).
Support: 50.088, 50.00, 49.951
Resistance: 50.258, 50.503, 50.534
What it said to watch
A close below the 50.088 London low exposes the 50.00 round number and the 49.95 Asia shelf, where the 50% of the Asia-London leg sits.
Reclaiming the 50.258 lower high and the lower-highs trendline puts the 50.503 Asian high and 50.534 London high back in focus.
ISM Manufacturing at 15:00 UTC (PMI f/c 54.6, Prices Paid f/c 77) and Goolsbee at 16:15 UTC could materially shift this read.
Lower highs since the London sweep of the Asian high, base at 50.09.
Silver gapped higher at the weekly open and extended the bounce off Friday's 48.85 low through Asia as WTI slipped under $100. London briefly swept the Asian range high to set a 50.53 session high, then rejected. A descending trendline of lower highs has since pressed price toward the 50.09 London low, with RSI(14) near 42, price below EMA20 and holding just above the 38.2% retracement of the 49.56–50.53 leg.
Support: 50.09, 50.00, 49.93
Resistance: 50.24, 50.36, 50.53
What it said to watch
An M15 close above the descending trendline (~50.24) and the 50.36 lower high breaks the lower-high sequence
Failure to hold the 50.09 London low exposes the 50.00 round number and the fib 61.8 retracement at 49.93
Reclaiming the 50.53 session high would negate the post-sweep rejection
ISM Manufacturing at 15:00 UTC (PMI f/c 54.6, Prices Paid f/c 77) and Goolsbee at 16:15 UTC could materially shift this read
Lower highs from London session high, testing 50.09 shelf.
Monday's bounce off Friday's 48.85 low, helped by WTI slipping under $100 and a softer USD, topped at the 50.534 session high in London, and each rally since has stalled at a lower high. Price is now pressing the 50.09 intraday low with RSI(14) near 35. The 50.00 psych level sits just below, near the 50% fib of the Asia-to-London leg.
Support: 50.088, 50.00, 49.561
Resistance: 50.313, 50.534
What it said to watch
M15 close below the 50.00 psych level exposes the 49.561 asian low
Close above the 50.313 lower high breaks the descending sequence and brings the 50.534 session high back into view
ISM Manufacturing at 15:00 UTC (f/c 54.6, Prices Paid f/c 77), then Goolsbee at 16:15 UTC, could materially shift this read
11:47 UTC
Intraday rebound stalling, lower highs since London open · RSI 43 · price 50.181
False break of Asian high, then lower highs pressing the London low.
Monday's gap up from Friday's 48.85 low ran through Asia as WTI slipped under $100. In London, price spiked above the 50.503 Asian high to a 50.534 session high but closed back inside. Lower highs since that rejection have pushed price onto the London low at 50.136–50.157, near the 38.2% retrace of the Asian leg.
Support: 50.136, 50.048, 50.00
Resistance: 50.313, 50.534
What it said to watch
Failure to hold the london low at 50.136 exposes the fib 50% at 50.048 and the 50.00 round number
M15 close above the 50.313 lower high breaks the lower-highs trendline
Reclaim of the 50.534 session high would undo the false-break read
ISM Manufacturing at 15:00 UTC (f/c 54.6, Prices Paid 77) and Goolsbee at 16:15 UTC could materially shift this read
11:32 UTC
Monday rebound stalling, sideways-to-lower in London · RSI 49 · price 50.253
Lower highs after a false break of the Asian high, holding above the London low.
Silver's Monday bounce off the weekend gap ran to a 50.503 Asian high as WTI slipped under $100. London then spiked to a 50.534 session high and failed back inside, a false break. Price has since printed lower highs under the 50.385 London shelf while holding the 50.136 London low, which sits on the 23.6% retrace of Friday's 48.851 low; RSI(14) is flat near 49.
Support: 50.136, 50.00, 49.561
Resistance: 50.385, 50.503, 50.534
What it said to watch
M15 close below the 50.136 london low exposes the 50.00 psych handle
Loss of 50.00 psych puts the 49.561 asian low back in focus
Close above the 50.385 london shelf and the lower-highs line reopens the 50.503 asian high and 50.534 session high
ISM Manufacturing 15:00 UTC (PMI f/c 54.6, Prices Paid f/c 77) and Goolsbee at 16:15 UTC could materially shift this read
Failed break above Asian high, lower highs into a 50.14–50.36 band.
Monday rally off the gap open stalled after London poked above the Asian high at 50.503 to a 50.534 London high and was rejected. Price has since printed lower highs to 50.361 and sits near the 23.6% retracement around 50.25, with dips holding the london low at 50.136 and the 50.098 swing low, as softer oil and USD support the bounce off Friday's 48.85 low.
Support: 50.136, 50.098, 50.00
Resistance: 50.361, 50.503, 50.534
What it said to watch
ISM Manufacturing at 15:00 UTC (f/c 54.6, Prices Paid 77) and Goolsbee at 16:15 UTC could materially shift this read
Failure to hold the 50.098 swing low exposes the 38.2% retracement near 50.075 and the 50.00 round number
M15 close above the 50.361 lower high ends the pullback sequence; acceptance above the 50.534 london high voids the false-break read
London false break above Asian high, lower highs since.
Silver gapped up in the Asia session off Friday's 48.85 low as WTI slipped under $100 and reclaimed 50.00. London poked above the 50.503 Asian high to a 50.534 session high, then reversed. That false break has produced a chain of lower highs, with price now testing the 38.2% fib of the Asian-London leg near 50.16, just under EMA20.
Support: 50.157, 50.098, 50.00
Resistance: 50.385, 50.534
What it said to watch
M15 close below the 50.098 swing low exposes the 50.00 psych handle and the 50% retrace near 50.05
Close back above the 50.385 lower high reopens the 50.534 session high
ISM Manufacturing PMI and Prices Paid at 15:00 UTC, then Goolsbee at 16:15 UTC, could materially shift this read
Lower highs off 50.534 session high, sitting on 50.10 swing low shelf.
Monday gapped up from Friday's 49.12 close. Price rallied through Asia into London as WTI slipped under $100. The London session stalled at the 50.534 session high, a second rejection near the 50.50 pre-London peak. A chain of lower highs since has dragged price back to the 50.10 swing low and the 38.2% fib, with RSI(14) near 39 and price under EMA20.
Support: 50.098, 50.00
Resistance: 50.327, 50.534
What it said to watch
M15 close below the 50.098 swing low confirms a lower low and opens the 50.00 round number and 50% fib
Close back above the 50.327 lower high breaks the lower-highs trendline; the 50.534 session high is the next cap
ISM Manufacturing at 15:00 UTC, then Goolsbee at 16:15 UTC, could materially shift this read
10:32 UTC
Intraday uptrend from the gap, stalling under 50.53 · RSI 42 · price 50.21
Higher lows intact, tight 50.17–50.38 London range under the rejected high.
Silver gapped up from Friday's 49.118 close as WTI slipped under $100, and the Asian session ran to the 50.503 Asian high. Early London poked to a 50.534 London high and was rejected, a false break of the Asian high, and price is now testing the 50.173 range low, the higher-lows trendline and the 38.2% fib of the 49.56–50.53 leg, with RSI(14) near 42.
Support: 50.173, 50.098, 50.00
Resistance: 50.375, 50.503, 50.534
What it said to watch
M15 close below the 50.098 swing low breaks the higher-low sequence and exposes the 50.00 round number / 50% fib
Close back above the 50.375 range top reopens the 50.503 asian high and 50.534 london high
ISM Manufacturing and Prices Paid at 15:00 UTC, then Goolsbee at 16:15 UTC, could materially shift this read
HH/HL from 49.561 swing low, now ranging 50.10–50.53 with lower highs off the session high.
Asia gapped up from Friday's 48.85 low and stepped up to a 50.503 high as WTI slipped under $100. London open swept that to a 50.534 session high and was rejected. Price is since printing lower highs, sitting on EMA20 near 50.26 inside the 50.10–50.53 range with RSI(14) neutral around 51.
Support: 50.098, 50.00, 49.561
Resistance: 50.385, 50.534
What it said to watch
M15 close below the 50.098 range low exposes 50.00 psych and the 50% retrace of the Asia-London leg near 50.05
Loss of 50.00 psych brings the 49.561 swing low back into view
Recovery through the 50.385 minor high reopens the 50.534 session high
ISM Manufacturing at 15:00 UTC (f/c 54.6, Prices Paid 77) and Goolsbee at 16:15 UTC could materially shift this read
Higher lows from Asian low; London range 50.14–50.53.
Silver gapped higher at the Monday open and climbed from the 49.56 Asian low as WTI slipped under $100, but the 08:45 UTC wick to the 50.53 session high was rejected. London has since compressed between the 50.14 London low and 50.53, with price sitting on the rising line from the Asian low and RSI(14) neutral near 57.
Support: 50.136, 50.00, 49.561
Resistance: 50.534, 50.941
What it said to watch
M15 close above the 50.53 session high breaks the London range and opens the 50.94 Friday high
Loss of the rising support line and the 50.14 London low puts the 50.00 psych handle back in play
Acceptance below 50.00 retraces the bulk of the move off the 49.56 Asian low
ISM Manufacturing at 15:00 UTC (f/c 54.6, Prices Paid 77) and Goolsbee at 16:15 UTC could materially shift this read
Higher lows from 49.561; London range 50.136–50.534 with false break above the Asian high.
Silver gapped higher at the open and extended Friday's rebound from 48.851 through Asia as WTI slipped below $100, printing higher lows at 49.561 and 50.098 along a rising trendline. London has compressed inside 50.136–50.534, and the 08:45 UTC probe above the 50.503 Asian high to the london high at 50.534 was rejected; RSI(14) near 61.
Support: 50.136, 50.00, 49.561
Resistance: 50.534, 50.941
What it said to watch
M15 close above the london high at 50.534 negates the false break; the friday high at 50.941 is the next overhead reference
Loss of the rising trendline (~50.29) and the london low at 50.136, just below the rally fib 38.2 near 50.16, exposes the 50.00 psych level; the swing low at 49.561 sits below that
ISM Manufacturing PMI and Prices Paid at 15:00 UTC, then Goolsbee at 16:15 UTC, could materially shift this read
Higher lows since Monday open, capped below the session high.
Silver gapped higher at Monday's open and climbed through Asia as WTI slipped below $100. The move lifted price off Friday's 48.851 low to a 50.503 Asian high, near the 78.6% fib of Friday's sell-off. London briefly pushed above the Asian high to a 50.534 session high but was rejected, leaving price consolidating above a rising trendline with RSI(14) neutral near 58.
Support: 50.136, 50.098, 50.00
Resistance: 50.503, 50.534, 50.941
What it said to watch
M15 close above the 50.534 session high would turn the London false break into acceptance above the Asian high, with the 50.941 Friday high next overhead
Failure to hold the 50.136 London low and the 50.098 swing low breaks the trendline and the Monday higher-low chain, exposing the 50.00 psych
ISM Manufacturing PMI and Prices Paid at 15:00 UTC (17:00 broker) and Goolsbee at 16:15 UTC could materially shift this read
09:16 UTC
Recovery leg stalling into a tight range · RSI 57 · price 50.389
Asia rally from the 49.33 gap open to 50.503, London holding a 50.14–50.53 box with higher lows.
Silver gapped higher at the Asia open and ran from 49.33 to the 50.503 Asian high as WTI slipped below $100. London has compressed inside 50.14–50.53, and the 08:45 UTC poke to the 50.534 london high closed back inside, a false break of the Asian high. The 38.2% fib of the Asia rally sits near 50.06, just above the 50.00 psych level, and has not been tested in London.
Support: 50.136, 50.00
Resistance: 50.534, 50.941
What it said to watch
M15 close above 50.534 london high negates the false break and puts the 50.941 friday high in view
Loss of the 50.136 london low exposes the 50.00 psych and the 38.2% fib near 50.06
ISM Manufacturing PMI at 15:00 UTC (f/c 54.6, Prices Paid 77) could materially shift this read
Goolsbee at 16:15 UTC is a second NY-hours catalyst for the range
Higher lows from 49.561; London range 50.14–50.53 after false break of Asian high.
Silver gapped up from Friday's 49.12 close and built higher lows through Asia to a 50.503 Asian high as WTI slipped below $100. London poked to a 50.534 session high at 08:45 UTC but closed back at 50.345, a false break. Price is boxed between that high and the 50.136 London low, which sits near the 38.2% fib of the 49.56–50.53 leg.
Support: 50.136, 50.00, 49.561
Resistance: 50.534, 50.503
What it said to watch
M15 close above the 50.534 session high negates the false break and clears the asian high
Loss of the 50.136 london low breaks the higher lows; acceptance under 50.00 psych exposes the 49.561 swing low
ISM Manufacturing PMI at 15:00 UTC (Prices Paid f/c 77) and Goolsbee at 16:15 UTC could materially shift this read
08:47 UTC
Rebound from Friday low, stalling below Asian high · RSI 57 · price 50.37
Higher low at 50.10, tight early-London range 50.14–50.37.
Silver gapped up from Friday's 49.12 close, and the Asian leg ran from 49.56 to the 50.50 Asian high as WTI slipped below $100. The pullback held 50.10, about 43% of that leg, and early London is compressing between the 50.14 London low and 50.37, with price now pressing the range top and RSI(14) near 57.
Support: 50.136, 50.00
Resistance: 50.503, 50.54
What it said to watch
M15 close above the 50.50 Asian high puts Friday's 50.54 prior shelf in play
Break of the 50.14 London low reopens the 50.00 psych level
ISM Manufacturing at 15:00 UTC, with Prices Paid f/c 77, could materially shift this read; Goolsbee follows at 16:15 UTC
Silver gapped above Friday's 49.118 close, and the Asia session reclaimed the $50.00 psych level as a softer USD on Iran-diplomacy hopes lifted metals. The move topped at the 50.503 session high near the end of Asia, after a higher low at the 49.561 pullback low. Early London is compressing under a lower high at 50.357, with the 50.098 swing low holding near the 38.2% retrace.
Support: 50.098, 50.00, 49.561
Resistance: 50.357, 50.503
What it said to watch
M15 close below the 50.098 swing low exposes the $50.00 psych pivot and the 50% retrace
Close above the 50.357 lower high breaks the lower-highs line and reopens the 50.503 session high
Loss of the 49.561 pullback low would undo the Asia recovery structure
ISM Mfg PMI and Prices Paid at 15:00 UTC could materially shift this read, with Goolsbee following at 16:15
Consolidating in upper Asian range under lower highs, higher lows above 50.00.
Silver gapped up at the weekly open and built a 49.333–50.503 Asian range, with the dollar heavy on Iran-diplomacy hopes. The swing low at 50.154 and the pullback low at 50.098 sit above the 50.00 round number and the 38.2% fib of the Asian leg. Early London is compressing under a lower high at 50.357, RSI(14) neutral near 58.
Support: 50.154, 50.098, 50.00
Resistance: 50.357, 50.503
What it said to watch
M15 close above the 50.357 lower high reopens the 50.503 asian high; a break there extends the Asian range
Loss of the 50.154 swing low and 50.098 pullback low exposes the 50.00 round number and breaks the higher-lows chain
ISM Mfg PMI and Prices Paid at 15:00 UTC could materially shift this read, with Goolsbee following at 16:15 UTC
08:04 UTC
Short-term uptrend, stalling below Asian high · RSI 60 · price 50.297
Higher lows from 50.098, capped at 50.35–50.36.
Silver gapped higher at the weekly open and climbed through the Asia session from 49.561 to the 50.503 Asian high. It then retraced about 43% of that Asia leg (fib) to the 50.098 swing low. Early London is printing a higher low at 50.154 under a local cap at 50.35–50.36 that has seen three rejections, with price holding above the $50.00 psych pivot as a softer USD lends support.
Support: 50.154, 50.098, 50.00
Resistance: 50.357, 50.503
What it said to watch
M15 close above the 50.357 local cap reopens the 50.503 Asian high
Loss of the 50.154 higher low breaks the higher-lows trendline; below the 50.098 swing low exposes the 50.00 psych pivot and the 50% fib of the Asia leg near 50.03
ISM Mfg PMI and Prices Paid at 15:00 UTC (NY session) could materially shift this read, with Goolsbee at 16:15 UTC
07:47 UTC
Intraday recovery, stalling below Asian high · RSI 57 · price 50.208
Asian range 49.33–50.50; early London holding 50.10–50.36 with a lower high.
Monday gapped up from Friday's 48.85 low, and Asia carried silver through the $50.00 psych to a 50.503 Asian high. That retraces part of the Friday rout, a bounce the digest flags as lacking conviction with December hike odds near 75%. Early London is compressing in a 50.10–50.36 band beneath it, with a lower high at 50.357 and the 50.098 swing low holding near the 38.2% fib of the Asian leg; RSI(14) is neutral near 57.
Support: 50.098, 50.00
Resistance: 50.357, 50.503
What it said to watch
M15 close below the 50.098 swing low and the $50.00 psych exposes the 49.561 Asian pullback low (61.8% fib zone near 49.92)
Break above the 50.503 Asian high invalidates the lower-high sequence from 50.357
ISM Manufacturing PMI at 15:00 UTC, then Goolsbee at 16:15 UTC, could materially shift this read
HH/HL chain off the gap-up open; pullback from session high holding above 50.00.
Silver gapped up at the weekly open and built higher highs and higher lows through the Asia session, recovering part of Friday's slide to 48.85 as easing oil weighed on the USD bid. The 05:30 UTC rejection at the 50.503 session high pulled price back to a 50.098 swing low that held above the 50.00 psych handle. The asia hl at 49.561 anchors the rising trendline. Price sits near 50.26 ahead of London open, with a 50.357 minor high capping the latest bounce.
Support: 50.098, 50.00, 49.561
Resistance: 50.357, 50.503
What it said to watch
Break below the 50.098 swing low ends the HH/HL chain and puts the 50.00 psych handle and the rising trendline in play
M15 close above the 50.357 minor high and then the 50.503 session high extends the Asia leg sequence
Loss of the 49.561 asia hl, near the 61.8% of the Asia leg fib, unwinds most of Monday's recovery
ISM Manufacturing PMI and Prices Paid at 15:00 UTC, then Goolsbee at 16:15 UTC, could materially shift this read
07:17 UTC
Intraday uptrend off the weekend gap · RSI 63 · price 50.342
Higher highs and higher lows through Asia, price just below the Asian high.
Silver gapped up from Friday's 49.118 close and climbed through Asia to a 50.503 Asian high. The pullback held at 50.098, above the 38.2% of the Asian rally fib and the 50.00 psych, extending the higher-low chain from the 49.561 swing low. Late in Asia, ahead of London open, price is pressing back toward the highs with RSI(14) near 63, recovering part of Friday's slide while ~75% December hike odds keep the broader tone heavy.
Support: 50.098, 50.00, 49.561
Resistance: 50.503, 50.941
What it said to watch
M15 close above the 50.503 asian high opens the 50.941 fri pivot, a Friday intraday swing high
Loss of the 50.098 higher low and the 50.00 psych breaks the Asian higher-low line and exposes the 49.561 swing low
ISM Manufacturing PMI (f/c 54.6) and Prices Paid (f/c 77) at 15:00 UTC, then Goolsbee at 16:15 UTC, could materially shift this read
Higher highs and higher lows through the Asia session; price back above the 50.00 psych handle.
Silver gapped up at the weekly open and built a higher-low chain off Friday's 48.85 low. It printed a session high at 50.503 before the 06:15 UTC dip found support at the 50.098 swing low, near the 38.2% retracement of the Asia leg. Late Asia into the London open, the bounce from Friday's selloff holds above the 50.00 psych handle and the rising trendline, with RSI(14) at a moderate 62.
Support: 50.098, 50.00, 49.561
Resistance: 50.503, 50.941
What it said to watch
M15 close above the 50.503 session high extends the HH chain toward the 50.941 prior high
Break of the 50.098 swing low and the rising trendline puts the 50.00 psych handle back in play
Loss of the 49.561 asia pivot would undo the Monday higher-low structure
ISM Manufacturing PMI and Prices Paid at 15:00 UTC could materially shift this read
06:47 UTC
Intraday recovery, pulling back from session high · RSI 57 · price 50.144
Breakout of Asia range, lower highs into a retest.
Silver gapped up from Friday's 49.118 close. The Asia leg ran from the 49.561 swing low to a 50.503 session high, breaking the 49.95–50.10 range as the market recovers part of Friday's slide. Three lower highs since then have pulled price back to the 38.2% retracement near 50.14 ahead of London open, still above the 50.098 pullback low and 50.00 psych.
Support: 50.098, 50.00, 49.561
Resistance: 50.369, 50.503
What it said to watch
Loss of the 50.098 pullback low and a close back under 50.00 psych turns the breakout into a false break and puts the 49.561 swing low back in focus
Reclaiming the 50.369 lower high reopens the 50.503 session high
ISM Manufacturing PMI and Prices Paid at 15:00 UTC, then Goolsbee at 16:15 UTC, could materially shift this read
06:32 UTC
Intraday recovery, pulling back from session high · RSI 57 · price 50.16
Higher lows off Monday gap-up; retracing from the 50.50 Asian high.
Monday's Asia session gapped above Friday's 49.12 close and built higher lows into a 50.50 Asian high, retracing part of Friday's slide to 48.85 even with ~75% December-hike odds still priced. Price has eased off that high ahead of the London open. It now sits on the 38.2% fib near 50.14, with the 50.10 pullback low and the 50.00 psych handle just below. RSI(14) is around 57.
Support: 50.10, 50.00, 49.56
Resistance: 50.50, 50.94
What it said to watch
M15 close back below the 50.00 psych exposes the 61.8% fib near 49.92 and the 49.56 swing low
Acceptance above the 50.50 asian high brings the 50.94 fri shelf (Friday's lower high) into view
Break of the rising support line from the Monday open undercuts the higher-low sequence
ISM Manufacturing PMI and Prices Paid at 15:00 UTC, then Goolsbee at 16:15 UTC, could materially shift this read
Asia HH/HL chain from the gap open; pullback retesting the 50.19 prior high.
Silver gapped above Friday's 49.12 close and stacked higher lows through the Asia session to a 50.50 session high, recovering part of Friday's slide. Price is now retesting the 50.19 prior high with RSI(14) cooling to ~60. The 50.00 psych/ema20 area sits just below and lines up with the 38.2% of the Asia rally fib; the Friday gap is still unfilled.
Support: 50.19, 50.00, 49.561
Resistance: 50.503, 50.941
What it said to watch
M15 close back below the 50.19 prior high turns the breakout into a false break and exposes the 50.00 psych/ema20 cluster
A break of the Asia trendline (~49.77) and the 49.56 swing low ends the HH/HL chain
Clearing the 50.50 session high into London open puts the 50.94 fri pivot in view
ISM Manufacturing PMI and Prices Paid at 15:00 UTC, then Goolsbee at 16:15 UTC, could materially shift this read
06:06 UTC
Uptrend off Monday gap, first pullback from session high · RSI 66 · price 50.312
Higher lows through Asia, break above 50.19 then rejection at 50.50.
Silver gapped up at the Asia open to 49.33, above Friday's 49.12 close, and has recovered part of Friday's slide. That slide followed a hawkish Fed repricing. Late Asia cleared the 50.19 breakout lvl and the 50.00 psych handle on a higher-low trendline, but the 50.50 asian high drew an immediate wicked rejection, and price is holding around 50.30 ahead of London open.
Support: 50.189, 50.00, 49.561
Resistance: 50.503, 50.941
What it said to watch
M15 close back below the 50.19 breakout lvl and the higher-low trendline puts the 50.00 psych and 38.2% of the Asia rally (~50.06) in play
Acceptance above the 50.50 asian high opens Friday's 50.94 prior high
Loss of the 49.56 swing low breaks the Asia higher-low chain
ISM Manufacturing PMI and Prices Paid at 15:00 UTC, then Goolsbee at 16:15 UTC, could materially shift this read
05:47 UTC
Uptrend, extending in late Asia · RSI 69 · price 50.439
HH/HL chain off the Monday gap; broke the 50.00–50.10 shelf.
Silver gapped up from Friday's 49.118 close and built higher highs and higher lows through the Asia session, recovering part of Friday's >5% slide. It broke the 50.00–50.10 shelf and the 50.19 prior high to a 50.503 session high, with RSI(14) near 69 and the higher low trendline from 49.56 intact ahead of London open.
Support: 50.189, 50.00, 49.561
Resistance: 50.503, 50.941
What it said to watch
An M15 close back below the 50.19 prior high would turn the breakout into a false break.
Loss of 50.00 psych and the higher low trendline exposes the 49.56 higher low, near the 38.2% of the rebound fib.
A close above the 50.50 session high opens the path toward the 50.94 Friday swing high (fri swing hi).
ISM Manufacturing PMI and Prices Paid at 15:00 UTC, then Goolsbee at 16:15 UTC, could materially shift this read.
Higher lows since 49.561, Asian range high broken.
Late Asia session extended the weekend gap-up. Price cleared the asia high at 50.189 and printed a session high at 50.369, into the 50% fib of Friday's 51.79–48.85 decline. Rising lows from the 49.561 swing low are intact, and RSI(14) near 66 is warm but not stretched ahead of London open.
Support: 50.189, 50.00, 49.561
Resistance: 50.369, 50.54
What it said to watch
Slip back below the 50.189 asia high turns the breakout into a false break
Loss of 50.000 psych and the rising lows trendline reopens the 49.561 swing low
Acceptance above the 50.54 prior shelf from Friday's breakdown extends the recovery past the 50% fib
ISM Manufacturing at 15:00 UTC and Goolsbee at 16:15 UTC could materially shift this read
05:17 UTC
Intraday recovery after Friday slide, pressing session high · RSI 62 · price 50.15
Higher lows from 49.56, tight compression just above 50.00 under the 50.19 Asian high.
Monday's Asian session gapped up from the 49.12 Friday close and has reclaimed the 38.2% fib of Friday's 51.79–48.85 slide. This is an oversold bounce after the October rout. Price is compressing above the 50.00 psych handle on rising lows from the 49.56 swing low, now testing the 50.19 Asian high late in Asia, with RSI(14) near 62.
Support: 50.00, 49.56, 49.12
Resistance: 50.19, 50.32, 50.50
What it said to watch
M15 close above the 50.19 Asian high opens the 50.32 50% fib and the 50.50 breakdown area from Friday
Loss of 50.00 psych and the rising lows trendline puts the 49.56 swing low back in play
A full gap fill toward the 49.12 fri close would negate the Monday recovery structure
ISM Manufacturing and Prices Paid at 15:00 UTC, then Goolsbee at 16:15 UTC, could materially shift this read
04:47 UTC
Rebound off Friday low, stalling at 50.00 · RSI 52 · price 49.965
Asian range 49.33–50.19, tight compression under psych handle.
Monday's Asia session gapped up from Friday's 49.118 close and ran to a 50.189 session high. A dip held the 49.561 swing low, but the retest stalled at a 50.102 lower high. Price is now compressing in a 49.908 range floor to 50.000 psych band with RSI(14) neutral near 52, matching the digest's read of a bounce without conviction.
Support: 49.908, 49.561, 49.118
Resistance: 50.00, 50.102, 50.189
What it said to watch
An M15 close above the 50.189 session high breaks the Asian range and extends the rebound off Friday's 48.851 low
Loss of the 49.908 range floor and rising support exposes the 49.561 swing low, near the 50% rebound fib
The gap back to the Friday close at 49.118 remains unfilled below
Acceptance above vs. rejection at the 50.000 psych handle into London open
ISM Manufacturing PMI and Prices Paid at 15:00 UTC, then Goolsbee at 16:15 UTC, could materially shift this read
04:32 UTC
Asia rebound stalling at $50.00 after Friday's sell-off · RSI 52 · price 49.991
Higher lows in Asia, compressing under 50.10–50.19.
Silver gapped up at the Monday open from the 49.118 Friday close. The Asian rebound peaked at the 50.189 Asia high, held a higher swing low at 49.561, and is now compressing just under the 50.102 lower high, at the 38.2% retracement of Friday's 51.79–48.85 drop. Late-Asia bars are narrowing ahead of London, and the digest notes the bounce lacks conviction with ~75% December hike odds priced.
Support: 49.561, 49.333, 49.118
Resistance: 50.102, 50.189, 50.322
What it said to watch
M15 close above the 50.189 Asia high opens the fib 50% retracement at 50.322
Break below the 49.561 swing low and the rising Asia trendline puts the 49.333 gap open in view
Full gap fill to the 49.118 Friday close would erase the Monday rebound
ISM Manufacturing PMI and Prices Paid at 15:00 UTC, then Goolsbee at 16:15 UTC, could materially shift this read
04:16 UTC
Asia bounce off Friday's low, stalling at 50.00 · RSI 57 · price 50.036
Post-gap consolidation, 49.56–50.19 Asian range, lower highs.
Silver gapped up from Friday's 49.118 close and ran to a 50.189 Asian high. The pullback to the 49.561 swing low held deep in the Asian leg fib, and price is now compressing at the 50.00 psych handle. A 50.102 lower high caps the range, in line with a bounce the digest describes as lacking conviction after Friday's sub-49.00 slide.
Support: 50.00, 49.86, 49.561
Resistance: 50.102, 50.189
What it said to watch
M15 close above the 50.189 asian high breaks the lower-high sequence
Loss of the 49.86 higher low and 50.00 psych returns price to the range floor
Failure at the 49.561 swing low exposes a gap fill toward Friday's 49.118 close
ISM Manufacturing at 15:00 UTC and Goolsbee at 16:15 UTC could materially shift this read
Asian range 49.561–50.189 after gap-up open; lower high at 50.102.
Asia session opened with a 215-pip gap above Friday's 49.118 close as a softer USD on Middle East diplomacy lifted silver off Friday's 48.851 low. Price is now pivoting on the 50.00 psych handle inside the Asian range, with a lower high at 50.102 below the 50.189 Asian high and the rising support line from the gap open still intact. RSI(14) near 58, neutral.
Support: 50.00, 49.561, 49.333
Resistance: 50.102, 50.189
What it said to watch
M15 close above the 50.189 Asian high breaks the Asian range to the upside
Failure to hold the 49.561 swing low breaks the rising support line and puts the 49.333 gap open in play
Repeated closes back below the 50.00 psych handle would mark rejection at the level
ISM Manufacturing PMI and Prices Paid at 15:00 UTC, then Goolsbee at 16:15 UTC, could materially shift this read
Silver gapped ~215 pips higher at the Asia open, up from Friday's 49.118 close. It ran to a 50.189 session high, then rotated inside a 49.56–50.19 range with rising lows. Price is pinned at the 50.00 psych handle, which overlaps the 38.2% fib of Friday's drop from 51.793 to 48.851. RSI(14) sits near 56, with no extreme.
Support: 49.561, 49.333
Resistance: 50.00, 50.189
What it said to watch
A close above the 50.189 session high breaks the Asian range to the upside
Loss of the 49.561 swing low breaks the rising lows and exposes the 49.333 gap open
Repeated rejection at the 50.00 psych keeps the range read intact
ISM Manufacturing at 15:00 UTC and Goolsbee at 16:15 UTC could materially shift this read
Silver gapped higher at the Asia open from 49.33 and has retraced Friday's 51.79–48.85 drop to the 38.2% fib, which sits on the 50.00 psych mark. The Asian session has held a 49.56–50.19 range. The 02:45 UTC dip to the session low reversed back above 50.00, and RSI(14) is near 59 with no extreme.
Support: 50.00, 49.561, 49.333
Resistance: 50.189, 50.42
What it said to watch
M15 close above the 50.19 session high extends the retrace toward the 50% fib and Friday's 50.42 prior low
Loss of the 49.56 session low breaks the Asian rising line and exposes the 49.33 gap open
ISM Manufacturing and Prices Paid at 15:00 UTC, with Goolsbee at 16:15, could materially shift this read
Weekend gap up, Asian high rejected at 50.19, pullback range 49.68–50.00.
Silver gapped up from the 49.118 Friday close to a 49.333 weekly open. The Asia session rally tagged a 50.189 session high and was rejected back below the 50.00 psych mark, leaving a run of lower highs mid-Asia. Price is sitting near the 50% retrace of the Asian leg, with the 49.682 pullback low near the 61.8% level, as the rebound from Friday's flush struggles for traction under hawkish Fed-hike pricing.
Support: 49.682, 49.333, 49.118
Resistance: 50.00, 50.189
What it said to watch
M15 close below the 49.682 pullback low exposes the 49.333 weekly open and a gap fill toward the 49.118 friday close
Reclaim of 50.00 psych and a break of the 50.189 session high voids the lower highs sequence
ISM Manufacturing PMI and Prices Paid at 15:00 UTC, then Goolsbee at 16:15 UTC, could materially shift this read
02:32 UTC
Short-term recovery off Friday lows, stalling under $50 · RSI 61 · price 49.909
Asia gap-up leg to 50.189, then lower highs compressing above a 49.682 higher low.
Silver opened the Asia session about 215 pips above Friday's 49.118 close as oversold short-covering followed Friday's >5% liquidation. Price spiked to an asia high of 50.189 but was rejected back below the $50 round number. Lower highs are now compressing against a higher low at 49.682, near the 61.8% retrace of the Asia leg fib.
Support: 49.682, 49.333, 49.118
Resistance: 50.189
What it said to watch
M15 close above 50.189 asia high reclaims $50 and breaks the lower highs sequence
Failure to hold the 49.682 higher low exposes the 49.333 asia low, then the 49.118 gap fill
London open in ~4.5h is the first test of whether the Asia session range holds
ISM Manufacturing PMI (15:00 UTC) and Goolsbee (16:15 UTC) later Monday could materially shift this read
Higher lows since the Asia open, capped by a 50.189 session high.
Monday's Asia session gapped up from Friday's 49.118 close and squeezed to an Asia high of 50.189, reclaiming psych 50 only briefly. It was rejected near the 38.2% retrace of Friday's 52.06–48.85 hawkish-Fed liquidation. Price is back under $50 at 49.91 but holding a rising-lows line above the 49.682 swing low, with RSI(14) near 64.
Support: 49.682, 49.333, 49.118
Resistance: 50.189
What it said to watch
An M15 close back above psych 50 and the 50.189 Asia high would extend the rebound toward Friday's 50.40–50.50 breakdown area
A break of the 49.682 swing low and the rising-lows line puts the 49.333 Asia low back in play
Losing the Asia low exposes a full gap fill to the 49.118 Fri close
Crypto-led cross-asset de-risking into the London open could quickly reverse the gap
ISM Manufacturing at 15:00 UTC is the next major catalyst for $50
02:06 UTC
Rebounding off Friday lows, stalled at $50 · RSI 62 · price 49.889
Asian range 49.333–50.189 after gap up; failed break above 50.
Asia session gapped up from Friday's 49.118 close and climbed to a 50.189 session high. The push above the $50 psych level was rejected within the hour, a bounce the digest frames as oversold covering after Friday's liquidation. The 49.663 swing low has held, about a 60% retracement of the Asian rally, with RSI(14) near 62.
Support: 49.663, 49.333, 49.118
Resistance: 50.189
What it said to watch
M15 close back above 50.189 session high negates the false-break read at psych 50
Failure to hold the 49.663 swing low exposes the 49.333 gap open and the 49.118 Fri close (gap fill)
Crypto-driven de-risking as Europe comes in could reverse the Asian rally
ISM Manufacturing 15:00 UTC and Goolsbee 16:15 UTC could materially shift this read
Gap-up Asia rally rejected above $50, pulling back to the fib 50–61.8% zone.
Monday's Asia session gapped up from Friday's 49.118 close at the 49.333 gap open and ran through $50 psych to a 50.189 session high. The move above $50 failed to hold, and price is back at 49.715, about 55% into the fib of the Asian leg and sitting on EMA50. Friday's hawkish-Fed liquidation to the 48.851 friday low still frames the move; RSI(14) is mid-50s with no extreme.
Support: 49.594, 49.333, 48.851
Resistance: 50.189
What it said to watch
Failure to hold the 49.594 spike low and the 61.8% fib exposes the 49.333 gap open and a fill toward 49.118
M15 close back above $50 psych and the 50.189 session high would undo the rejection read
A break of the 48.851 friday low would resume Friday's liquidation leg
ISM Manufacturing PMI and Prices Paid at 15:00 UTC, then Goolsbee at 16:15, could materially shift this read
01:32 UTC
Rebound off Friday lows, stalling at $50 · RSI 63 · price 49.972
Weekend gap higher, Asia HL chain, first test of $50 rejected.
Monday's Asia session gapped about 215 pips above Friday's 49.118 close and short-covering after Friday's >5% liquidation lifted price to a 50.189 Asia high. The first close above the $50 psych was rejected back to the fib 38.2 at 49.848. The gap open at 49.333 and a rising trendline sit beneath the Asian range.
Support: 49.848, 49.663, 49.333
Resistance: 50.189, 50.239
What it said to watch
M15 close above the 50.189 Asia high puts Friday's 50.239 breakdown pivot in play
Loss of the fib 61.8 at 49.663 and the rising trendline exposes the gap open at 49.333
ISM Manufacturing PMI at 15:00 UTC and Goolsbee at 16:15 could materially shift this read
Monday gap up, higher highs through 50.00 in early Asia session.
Asia session opened with a gap up from Friday's 49.118 close at a 49.333 session low. The Monday rally has since reclaimed 50.00 psych after Friday's >5% liquidation. The latest closed bar spiked down to a 49.594 spike low before closing at 50.124, just under the 50.189 session high, with RSI(14) near 68 and the 50.239 fri pivot directly overhead.
Support: 50.00, 49.594, 49.333
Resistance: 50.189, 50.239, 50.42
What it said to watch
M15 close back below 50.00 psych returns price to Friday's breakdown zone
Failure to hold the 49.594 spike low puts the gap and 49.333 session low back in play
Clearance of the session high and 50.239 fri pivot exposes the 50.42 prior low from Friday morning
US ISM Manufacturing at 15:00 UTC, with Prices Paid, could materially shift this read
00:47 UTC
Asia bounce inside a broader liquidation leg · RSI 63 · price 49.738
Gap-up Asian range, capped below 49.87 and the 50 handle.
Asia opened about 215 pips above the 49.118 fri close (gap open 49.333) and ran to a 49.87 session high, extending the rebound from Friday's 48.851 liquidation low. Price is holding the 49.663 pullback low but stays below psych 50, the level Friday broke. RSI(14) near 63 is not stretched; ATR(14) is about 180 pips.
Support: 49.663, 49.333, 49.118
Resistance: 49.87, 50.239
What it said to watch
M15 close above the 49.87 session high exposes psych 50 and the 50.24 prior pivot from Friday's breakdown
Break of the 49.663 pullback low puts 49.48 (38.2% of the rebound) and the 49.333 gap open in play; a full gap fill means a return to the 49.118 fri close
Renewed crypto-led de-risking from the Binance breach could hit the Asian bounce before London
ISM Manufacturing at 15:00 UTC and Goolsbee at 16:15 UTC could materially shift this read
Gap-up open, higher lows below the $50 break level.
Monday's Asia session gapped up from Friday's 49.118 close to a 49.333 gap open, extending the bounce off the 48.851 Friday low to a 49.870 session high. The bounce stalled just under the $50 psych level that broke during Friday's liquidation, and price is easing back to 49.68 above the 49.553 higher low.
Support: 49.553, 49.333, 48.851
Resistance: 49.87, 50.00
What it said to watch
M15 close above the 50.00 psych level reclaims Friday's break point
Loss of the 49.553 higher low exposes the 49.333 gap open and the 38.2–61.8% fib zone (49.48–49.24)
Acceptance back below the 49.333 gap open puts the 48.851 Friday low back in play
ISM Manufacturing 15:00 UTC and Goolsbee 16:15 UTC could materially shift this read
Friday's hawkish-Fed liquidation took silver from 52.13 to a 48.851 low during NY hours. Early Asia session Monday gapped about 215 pips above the 49.118 Fri close and ran to a 49.870 session high, clearing the 49.811 prior high from Friday's NY bounce. Price now sits just under the $50.00 psych level that gave way Friday, with RSI(14) near 68 and the rebound retracing roughly half of the Friday-low-to-session-high leg.
Support: 49.811, 49.333, 49.118
Resistance: 49.87, 50.00, 50.239
What it said to watch
M15 close above the 50.00 psych level would reclaim Friday's breakdown point and expose the 50.239 swing high
Slip back below the 49.811 prior high puts the 49.333 gap open and a fill toward the 49.118 Fri close in play
US ISM Manufacturing PMI and Prices Paid at 15:00 UTC, then Goolsbee at 16:15, could materially shift this read
Risk-off spillover from crypto turmoil at the open could undercut the gap rebound