Lower highs from 54.605; Monday bounce capped near 38.2% fib, ranging 50.39-51.10.
The post-FOMC slide ran from the 54.605 Wednesday high to a 48.851 Friday low in a clean lower-high sequence. Monday's bounce from the 49.33 weekly open, driven by the oil drop and softer USD/yields, spiked to the 51.26 monday high into the NY open. It faded back below the 38.2% fib (~51.05). Price now holds above EMA(20) near 50.48 but sits under EMA(50) near 50.79, with RSI(14) near 58 and the 50.39 ny low marking the session floor.
Support: 50.39, 49.333
Resistance: 50.79, 51.26, 52.00
What it said to watch
H1 close above the 51.26 monday high clears the 38.2% fib and exposes the 52.00 prior base from Thursday's breakdown
Loss of the 50.39 ny low and the monday higher lows line points back toward psych 50 and the 49.33 weekly open
EMA50 near 50.79 has capped every close since the 51.26 fade; acceptance above it would shift the read from corrective to recovery
US midterm results overnight Tue-Wed plus JOLTS Tue 15:00 UTC could materially shift this read
Lower highs from Wednesday's high; Monday bounce capped near 38.2% fib.
The post-Fed spike to the 54.605 week high late Wednesday reversed into a three-day slide to the 48.851 week low on Friday. Monday's rebound on US-Iran signals that knocked oil lower spiked to the 51.26 Monday high into the NY open. That high briefly overshot the 38.2% fib before fading back into a 50.39–51.10 band. Price now holds above EMA(20) near 50.43 and the rising support off Friday's low, but stays below EMA(50) around 50.85, with RSI(14) cooling to the high-50s.
Support: 50.39, 50.00, 48.851
Resistance: 51.26, 51.97, 52.60
What it said to watch
H1 close above the 51.26 monday high clears the 38.2% fib and opens the 51.97 broken low, then the 52.60 range floor
Loss of the 50.39 session low and the 50.00 psych level breaks rising support and puts the 48.851 week low back in play
US midterms Tuesday plus JOLTS at 15:00 UTC could materially shift this read via Fed-hike pricing and oil
Lower highs Wed–Fri; Monday rebound capped near 38.2% fib.
Silver extended the post-Fed slide from Wednesday's 54.605 high to 48.851 late Friday, a run of lower highs on each session. Monday opened at 49.333 (weekly open), reclaimed the 50.00 round number in London, then spiked to 51.26 (monday high) into the NY session as oil slid on US-Iran diplomacy headlines. That spike met supply around the 38.2% fib of the week's decline (51.05), and price has eased back to sit on the ema20 near 50.46, still below EMA(50), with RSI(14) back to the low 50s.
Support: 50.46, 50.00, 49.333
Resistance: 51.05, 51.26, 51.793
What it said to watch
H1 close above the 51.26 monday high extends the retracement toward the 51.79 friday high and the 50% fib near 51.73
Failure to hold the ema20 and then the 50.00 round number puts the 49.333 weekly open back in play and resumes the lower-high sequence
US midterms from Tue 05:00 UTC, then JOLTS and Factory Orders at 15:00 UTC, could materially shift this read
Sustained oil rebound would undercut the Monday bounce given the oil-to-Fed-pricing link
Lower highs from post-FOMC peak; Monday rebound rejected near 38.2% fib.
The post-FOMC slide from Wednesday's 54.605 high to Friday's 48.851 low still defines the H1 downtrend, and RSI(14) fell below 20 into that low. Monday's rebound from the 49.333 weekly open extended early in NY hours as oil slid on US-Iran diplomacy. It stalled at the 51.26 Monday high, just above the 38.2% fib of the post-FOMC slide, and has since faded back between EMA(20) near 50.48 and EMA(50) at 50.85. The NY session low at 50.389 sits just above Monday's rising trendline and the 50.00 round number, with RSI(14) back near 53.
Support: 50.389, 50.00, 49.333
Resistance: 50.85, 51.26, 51.73
What it said to watch
H1 close above the 51.26 Monday high opens the 50% fib at 51.73
Rejection at EMA(50) near 50.85 keeps the lower-high sequence from Wednesday intact
Loss of the 50.389 session low and Monday's rising trendline exposes the 50.00 round number
Acceptance below the 50.00 round number puts the 49.333 weekly open and Friday's 48.851 low back in view
US midterms Tue, JOLTS Tue 15:00 UTC, then ADP and ISM Services Wed could materially shift this read
Lower highs Tue–Fri, Monday rebound off 48.85 now pulling back.
Silver printed a steady run of lower highs from Wednesday's 54.60 to Friday's 48.85 low during NY hours. Monday's oil-driven relief bounce lifted price from the 49.333 week open back through the 50.00 round number and spiked to the 51.26 Monday high in the first hour of NY. That spike broke the lower-highs line but met rejection, and price has faded to 50.64, holding just above the 50.585 pullback low. Price now sits between EMA(20) near 50.40 and EMA(50) near 50.75, with RSI(14) easing to the high 50s.
Support: 50.585, 50.00, 49.333
Resistance: 51.26, 51.793, 52.60
What it said to watch
H1 close below the 50.00 round number, which aligns with the 50% fib of the rebound, reopens the 49.333 week open
H1 close above the 51.26 Monday high opens the path to the 51.79 prior high and the 52.60 range floor
Loss of the rebound line through Monday's higher lows weakens the relief-bounce read
US midterm results from ~05:00 UTC Tue and JOLTS at 15:00 UTC could materially shift this read
Lower highs and lows through Friday; Monday gap-up bounce with higher lows.
Wednesday's FOMC whipsaw to 54.605 set the window high. The decline that followed carried lower highs and lows through Thursday and Friday to a 48.851 low late in Friday's NY session. Monday gapped higher off that low and broke the 50.50 asia high into the NY session as oil slumped on US-Iran diplomacy, but the rebound stalled at the 51.26 monday high just above the 38.2% retracement. Price now holds above EMA(20) on Monday higher lows and is pressing EMA(50) near 50.80.
Support: 50.50, 50.00, 49.333
Resistance: 51.26, 51.793, 52.60
What it said to watch
H1 close above the 51.26 monday high opens the 51.79 swing high, which aligns with the 50% retracement
Loss of the 50.50 asia high and the Monday higher lows line puts 50.00 psych and the gap toward the 49.33 weekly open back in play
52.60 former range floor overhead: the downtrend read stays intact while price holds below it
US midterm results from ~05:00 UTC Tue and JOLTS at 15:00 UTC could materially shift this read
Lower highs from 54.61 intact; Monday higher lows off 48.85.
The week's dominant move was the Thursday–Friday NY-session slide through 52.00 and the 50.00 round number into Friday's 48.851 week low. Monday's rebound from 49.33 built a run of higher lows along a rising line, then broke out of the 50.00–50.50 pre-spike hi band into the NY open as oil slipped on US-Iran diplomacy, tagging a 51.26 Monday high. Price is now stalling at the 38.2% fib of the 54.61–48.85 decline near 51.05, just above EMA(50) with RSI(14) near 64, and still below Friday's 51.79 lower high.
Support: 50.50, 50.00, 48.851
Resistance: 51.26, 51.793, 52.60
What it said to watch
H1 close above the 51.79 lower high would mark the first higher high since the 54.61 peak and puts the 52.60 range floor in view
Rejection at the 51.26 Monday high / 38.2% fib, followed by a close back below the 50.50 pre-spike hi and EMA(20), returns focus to the 50.00 round number
A break of Monday's rising line, now near 50.00, reopens the 48.851 week low
US midterms Tue, plus JOLTS Tue and ADP/ISM Services Wed, could materially shift this read via December hike pricing
Lower highs from 54.61 intact; first higher lows since Friday's 48.85 low.
Last week's slide ran from the post-FOMC 54.61 high to a 48.85 swing low on Friday. Since the 49.33 weekly open, silver has printed higher lows. It broke out of Monday's 50.00-50.53 range with a spike to 51.26 into the NY open, as WTI dropped on US-Iran diplomacy and ISM Prices Paid undershot. Price now sits above EMA(20) near 50.37 and only marginally above EMA(50) near 50.85, with RSI(14) around 61. The bounce is stalling at the fib 38.2 of the decline, and the 51.26 Monday high is capping for now.
Support: 50.53, 50.00, 49.33
Resistance: 51.05, 51.26, 52.60
What it said to watch
H1 close above 51.26 Monday high and the fib 38.2 at 51.05 opens the path toward 52.00 and the 52.60 range floor
Slip back inside Monday's range below the 50.53 range top and the rebound trendline weakens the bounce; loss of 50.00 psych shifts focus to the 49.33 weekly open
Break below 49.33 weekly open reopens the 48.85 swing low and resumes the lower-high, lower-low sequence
Goolsbee at 16:15 UTC today, midterms and JOLTS Tue, ADP and ISM Services Wed could materially shift this read via December hike odds
Lower highs Wed–Fri into 48.85 low; Monday higher lows and break of London high.
Silver sold off from Wednesday's post-FOMC 54.61 high, broke the 52.60 range floor on Thursday's GDP beat and slid through 50.00 in Friday's NY session to 48.85, with RSI(14) near 17. From the 49.33 weekly open, Monday printed higher lows through London as WTI slipped below $100. The NY open spike then cleared the 50.53 london high and EMA(20) near 50.34, reaching 51.26 before pausing at the 38.2% fib around 51.05. RSI(14) has recovered to ~63 and price sits marginally above EMA(50) near 50.87, while the 52.60 range floor remains well overhead.
Support: 50.53, 50.34, 50.00
Resistance: 51.26, 51.73, 52.60
What it said to watch
ISM Manufacturing PMI and Prices Paid (15:00 UTC) land in the current bar, with Goolsbee at 16:15 UTC; either could materially shift this read
H1 acceptance above the 51.26 monday high opens the 51.73 50% fib; the 52.60 range floor separates a corrective bounce from a recovery
An H1 close back below the 50.53 london high and ema20 near 50.34 returns price to Monday's pre-NY range
Loss of the 50.00 psych level and the higher lows line would put Friday's 48.85 low back in focus
Tuesday's US midterm results could reprice rate expectations driving silver this week
Higher lows since Monday open, capped at 38.2% retrace.
Silver has carved higher lows from the 49.33 weekly open since Monday's Asia session, recovering off Friday's 48.85 low as oil relief trimmed hike pricing. The bounce still sits inside last week's 54.61–48.85 decline. A spike to the 51.26 Monday high in the London-NY transition overshot the 38.2% fib at 51.05 and was rejected back to 50.6. That leaves price above EMA(20) near the 23.6% fib, below EMA(50), with RSI(14) near 55.
Support: 50.00, 49.33
Resistance: 51.05, 51.26, 52.60
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
H1 close above the 38.2% fib at 51.05 and the 51.26 Monday high opens the path toward the 52.60 range floor
Loss of the 23.6% fib and the 50.00 round number breaks the higher-low trendline, putting the 49.33 weekly open back in view
Tuesday's US midterms add event risk to the bounce structure
Lower highs and lows from 54.60; Monday bounce capped near the 23.6% fib.
Silver's Wednesday–Friday drop from 54.60 accelerated after Thursday's hawkish GDP and claims beats. It broke the 53.30–54.60 range and printed a 48.85 week low in Friday's NY session, with RSI(14) at a higher low into the bottom. Monday's bounce from the 49.33 weekly open, helped by oil relief, cleared the lower-high line and tagged 50.53 in London. It met rejection at the 23.6% fib near 50.21 and is now back under EMA(20) at ~50.12, with EMA(50) at 50.83 overhead and the psych 50.00 handle just below.
Support: 50.00, 49.333, 48.851
Resistance: 50.209, 50.534, 50.83
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 H1 close back above the 23.6% fib and the Monday high at 50.53 opens the path to EMA(50) at 50.83
Acceptance below psych 50.00 puts the weekly open at 49.33 and the 48.85 week low back in play
Tuesday's US midterm results add event risk to the bounce structure
Lower highs and lower lows intact; Monday bounce holding below the 38.2% fib.
Wednesday's late spike to 54.605 failed, and Thursday and Friday carried the main leg lower. Friday's drop broke the 50.00 psych level into the NY open on hawkish Fed pricing and oil above $100, and bottomed at the friday low of 48.851. Monday gapped up to a 49.333 weekly open, and London stretched the bounce to a monday high of 50.534 as WTI slipped under $100, still short of the 38.2% fib at 51.05. Price is now flattening on EMA(20) near 50.13 and below EMA(50) at 50.85, with RSI(14) stalling near 50 and drifting back to 46.
Support: 50.00, 49.333, 48.851
Resistance: 50.534, 50.85, 51.05
What it said to watch
ISM Manufacturing at 15:00 UTC and Goolsbee at 16:15 UTC could materially shift this read
An H1 close above the monday high at 50.534 and the ema50 at 50.85 opens the path to the 38.2% fib at 51.05
Failure to hold psych 50.00 and the weekly open at 49.333 puts the friday low at 48.851 back in play
Tuesday's US midterms add event risk to the bounce structure
Lower highs from 54.61; bounce capped below 50.53.
The week's dominant move was the slide from Wednesday's post-Fed spike at 54.61 to Friday's 48.85 low. It ran along a clean sequence of lower highs, with Friday's lower high at 51.79 marking the steepest leg as December-hike pricing and oil weighed. Monday's rebound from the 49.33 weekly open, helped by WTI slipping under $100, has reclaimed the 50.00 round number and EMA(20) near 50.14 but stalled at the monday high of 50.53 in the London morning, leaving price parked at the 23.6% fib of the Wed-Fri decline. RSI(14) has recovered to around 60 from Friday's oversold readings, while EMA(50) still sits overhead.
Support: 50.00, 49.56, 48.85
Resistance: 50.53, 51.08, 51.79
What it said to watch
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
An H1 close back below the 50.00 round number and the monday low at 49.56 would put the friday low at 48.85 back in focus
A close above the monday high at 50.53 opens the path to the broken floor at 51.08, near the 38.2% fib of the decline
Rejection below the lower high at 51.79 would keep the lower highs sequence intact
Lower-high sequence from 54.605 intact; corrective rebound off 48.851.
Silver unwound Tuesday's run and the post-Fed 54.605 high through a steady run of lower highs. It broke the 52.60 range floor Thursday and lost the 50.00 psych mark in Friday's NY session, reaching a 48.851 swing low, where RSI(14) printed a marginally higher low (a modest bullish divergence). Monday's gap higher and the London-open push to a 50.534 session high have put price back above 50.00 and EMA(20) near 50.13, helped by WTI slipping under $100. EMA(50) near 50.93 and the fib 38.2 at 51.05 sit overhead, while the bounce rides a steep rebound line above the 49.56 pullback low.
Support: 50.00, 49.56, 48.851
Resistance: 50.534, 51.05, 52.60
What it said to watch
ISM Manufacturing PMI at 15:00 UTC (f/c 54.6) and Goolsbee at 16:15 UTC could materially shift this read
H1 close back below the 50.00 psych and the rebound line exposes the 49.56 pullback low
Acceptance above the 50.534 session high brings EMA(50) and the fib 38.2 at 51.05 into play, with the 52.60 range floor the next structural reference
A break of the 48.851 swing low resumes the lower-low sequence
US midterms on Tuesday add event risk to the bounce structure
Lower highs from 54.605 FOMC spike; higher lows since Friday's 48.851 low.
Silver was rejected at the 54.605 post-FOMC spike on Wednesday. It broke the 52.60 broken floor during Thursday's London session as the hawkish Fed and the Q3 GDP beat lifted December hike odds, then extended the slide in NY hours on Friday to a 48.851 week low. Monday's Asia session bounce from the 49.33 open has reclaimed the 50.00 psych handle and the 23.6% retracement near 50.21, with the session high at 50.503 and RSI(14) recovering to the mid-50s. Price now sits above EMA(20) but below EMA(50), with the fib 38.2% at 51.05 the next structural test overhead.
Support: 50.00, 49.561, 48.851
Resistance: 50.503, 51.049, 52.60
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
Hourly closes back below the 50.00 psych handle and the 49.561 monday low would break the rising higher-low trendline
Acceptance above the 50.503 session high puts the fib 38.2% at 51.05 in play; the 52.60 broken floor caps any larger squeeze
A move back through the 48.851 week low resumes the lower-low sequence
Lower highs since Thursday; Monday rebound testing the 23.6% fib.
Silver has printed lower highs since Thursday's Asia-session failure at 54.37. The hawkish Fed hold and the Q3 GDP beat drove the break of the 52.60 broken floor, and the slide accelerated into the NY open on Friday to a 48.85 week low. Monday's Asia session gapped higher and stalled at the 50.19 monday high, just under the 23.6% retracement (~50.21) of the 54.61–48.85 leg. Price now sits on the 50.00 psych mark with a flattening ema20 just below, and RSI(14) has recovered to the mid-40s from oversold without follow-through.
Support: 50.00, 49.561, 48.851
Resistance: 50.189, 50.941, 52.60
What it said to watch
H1 close above the monday high and 23.6% fib (50.19–50.21) opens a test of the 50.94 lower high and the 38.2% fib near 51.05
Loss of the 50.00 psych / ema20 and a break of the monday low at 49.56 would expose the 48.85 week low
ISM Manufacturing PMI and Prices Paid at 15:00 UTC, then Goolsbee at 16:15 UTC, could materially shift this read
52.60 broken floor is the first major resistance above the fib zone; a reclaim would break the lower-high sequence
Lower highs and lower lows; Monday gap-up bounce capped near ema20.
Silver's slide from Wednesday's post-FOMC spike high at 54.605 accelerated in Friday's NY session. It broke $50 and set a week low at 48.851 as hawkish-Fed pricing and cross-asset de-risking drove liquidation. Monday's Asia session gapped up from the 49.118 Friday close (fri close) to a 49.333 weekly open and lifted to the 50.189 monday high, just under the 23.6% retracement of the week decline fib. It was then rejected back below the ema20 near 50.02, and RSI(14) has recovered only to the mid-40s, leaving this a bounce inside the downtrend so far.
Support: 49.333, 49.118, 48.851
Resistance: 50.022, 50.189, 50.941
What it said to watch
H1 close above the 50.189 monday high and the 23.6% fib reclaims $50 and exposes the 50.941 lower high from Friday
Failure to hold the 49.333 weekly open would fill the gap toward the 49.118 fri close
A break of the 48.851 week low resumes the lower-low sequence
ISM Manufacturing PMI Mon 15:00 UTC (Prices Paid f/c 77.5), then Goolsbee at 16:15 UTC, could materially shift this read