60.00–61.55 range with failed extensions both sides.
Since Monday's plunge, silver has rotated inside a 60.00–61.55 range. Rallies stalled at the range top on Wednesday and Friday, and dips into the range floor near 59.95 drew buying. Friday's NFP miss briefly pushed price to a 62.07 NFP high, but the false break above the range was sold in the first hour of NY. Rising yields then drove it to a 59.68 NFP low before it recovered back inside the range. The week has opened with a gap up from the 60.35 Fri close. The Asia session is stalling at the 60.90 Asia high, which sits just under the 50% retracement of the NFP swing, while price hugs a flat EMA(20) with RSI(14) near 47.
Support: 60.352, 59.95, 59.676
Resistance: 60.896, 61.55, 62.07
What it said to watch
ISM Services PMI Mon 14:00 UTC (f/c 55.7) could materially shift this read
Rejection at the 60.90 Asia high / 50% fib keeps price mid-range; acceptance above opens 61.15 (61.8%) and the 61.55 range top
A gap fill back to the 60.35 Fri close would put the range floor near 59.95 back in focus
H1 close below the 59.68 NFP low would end the range read and confirm a lower-low
H1 acceptance above the 61.55 range top would put the 62.07 NFP high back in focus
22:06 UTC
Sideways after a failed NFP spike, rebound stalling at EMA20 · RSI 45 · price 60.72
59.95–61.55 range with a two-sided sweep on Friday; recovery holding a higher low.
Silver rotated inside a 59.95–61.55 range for most of the week after Monday's slide. Friday's NFP miss sparked a NY-session spike to the 62.07 nfp high that fully reversed as yields stayed firm, sweeping the range floor to the 59.68 week low. The rebound has retraced roughly 40% of that drop, and Monday's Asia open gapped up from the 60.35 fri close to sit on EMA(20) near 60.72, with RSI(14) around 45, still below EMA(50) and the 61.00 round number where bounces stalled repeatedly this week.
Support: 60.35, 60.00, 59.68
Resistance: 61.00, 61.55, 62.07
What it said to watch
ISM Services PMI Mon 14:00 UTC (f/c 55.7) could materially shift this read
H1 close back below the 60.35 fri close fills the weekend gap and puts the 60.00 psych level back in play
Failure to hold the 59.68 week low turns Friday's sweep into a range break lower
Reclaim of the 61.00 round number puts the 61.55 range top back in focus; only a move through the 62.07 nfp high clears the Friday reversal
Loss of the rebound support line from Friday's low shifts the recovery back to the downside of the range
FOMC Minutes Wed 18:00 UTC
21:08 UTC
Range with lower lows, heavy into Friday close · RSI 43 · price 60.352
60.00–61.70 range, NFP false break both sides.
Silver rotated in a 60.00–61.70 range all week, with highs capped beneath the range top while the lows edged lower: 60.29 on Tuesday, 60.03 after Wednesday's PCE whipsaw, and 59.95 in Thursday's Asia session. Friday's NFP miss spiked price to a 62.07 week high in the first hour of NY. The move fully reversed as yields firmed, breaking through the 60.00 psych level to a 59.68 week low, a false break on both sides of the range. The close at 60.35 sits below ema20 near 60.70, with RSI(14) near 43 and the late-session bounce stalling between the 38.2% and 50% fib of the NFP drop.
Support: 60.00, 59.676
Resistance: 60.70, 61.545, 62.07
What it said to watch
H1 close below 60.00 psych and the 59.68 week low confirms another lower low below the range floor
Reclaim of ema20 near 60.70 and the 50% fib near 60.87 puts the range-top highs back in focus
Range top 61.55–61.70 has capped every non-NFP rally this week; only a hold above it changes the range read
ISM Services PMI Mon 14:00 UTC (f/c 55.7) plus Prices Paid could materially shift this read
Weekend US-Iran/oil headlines carry gap risk into the Monday open