Vertical Asia rebound, then 52.12–52.44 range since NY afternoon.
Silver's vertical reversal from 48.95 on the Democratic midterm sweep and weaker USD peaked at the 52.44 session high during NY hours. Price has since compressed between the 52.12 range low and that high into the thin new Asia session, with RSI(14) neutral near 52. The fib 23.6 retracement of the rally aligns with the 51.62 low printed around the ADP release.
Support: 52.12, 51.77, 51.62
Resistance: 52.444, 52.50
What it said to watch
M15 close below the 52.12 range low exposes the 51.77 ny swing low
Break of the 52.44 session high brings the 52.50 round number into play
Thu 13:30 UTC jobless claims and Fed's Hammack at 13:50 could shift this read ahead of Friday NFP
23:32 UTC
Uptrend, stalled into tight range · RSI 53 · price 52.313
Post-rally compression; 52.12–52.44 range since 18:00 UTC.
Silver reversed vertically from 48.95 late in the prior Asia session as the Democratic midterm sweep hit the USD and yields, then held 51.62–52.44 through London and NY. Since the 52.44 session high at 18:00 UTC, price has compressed between the 52.12 range low and that high. It now sits near the top of the range in thin early Asia trade, with RSI(14) neutral near 53.
Support: 52.12, 51.62
Resistance: 52.444, 52.50
What it said to watch
M15 close above the 52.44 session high and 52.50 round number breaks the post-NY range
Loss of the 52.12 range low exposes the NY low at 51.62, which lines up with the 23.6% rally fib
Thu 13:30 UTC jobless claims and Fed's Hammack could materially shift this read ahead of Friday NFP
Post-rally range 52.12–52.44 above London swing lows.
Silver reversed vertically from the 48.946 Asia low as the Democratic midterm sweep hit the USD. It then ground higher through London and NY to a 52.444 session high before settling into a 52.12 range low to 52.44 band into the daily close. Early Asia session now: RSI(14) is neutral near 54, price is holding just above EMA20, and the rally fib from 48.946 is untested on pullbacks.
Support: 52.12, 51.78
Resistance: 52.444, 52.50
What it said to watch
M15 close above the 52.444 session high and the 52.50 round number extends the rally structure
Break below the 52.12 range low exposes the 51.78 swing low, with the 23.6% rally fib near 51.62 beneath it
Thu 13:30 UTC jobless claims and Fed's Hammack at 13:50 could materially shift this read
Post-rally consolidation, tight late-NY range 52.12–52.44.
Silver reversed vertically off the 48.946 Asia session low on the Democratic midterm sweep and USD selling. It then built a base above the 51.78 swing low through London before NY printed a session high at 52.444. Late NY has compressed into a 52.12–52.44 range, with RSI(14) neutral near 50 and price hugging ema20, holding near the top of the Asia-low rally.
Support: 52.12, 51.78
Resistance: 52.444, 52.50
What it said to watch
M15 close above the 52.44 session high and the 52.50 round number extends the Asia-low rally structure
Failure to hold the 52.12 range low exposes the 51.78 swing low
Thu 13:30 UTC jobless claims and Fed's Hammack at 13:50 could materially shift this read
Tight 52.12–52.44 range after vertical rally off Asia low.
Silver reversed vertically from the 48.95 Asia low in the late Asia session as the Democratic midterm sweep hit the USD, then topped at the 52.44 session high during NY hours. Since then price has compressed in a 52.12–52.44 range below the 52.50 round number, with RSI(14) neutral near 50. The 51.62 NY low sits on the 23.6% fib of the rally.
Support: 52.12, 51.78, 51.62
Resistance: 52.44, 52.50
What it said to watch
M15 close below the 52.12 range low exposes the 51.78 swing low
Close above the 52.44 session high and the 52.50 round number would end the consolidation read
Loss of the 51.62 ny low breaks the 23.6% fib and the higher-low sequence
Thu 13:30 UTC jobless claims and Hammack at 13:50 could materially shift this read
The Democratic midterm sweep hit the USD and drove silver vertically off the 48.95 Asia session low. NY base support near 51.78 held through the afternoon, and price printed a session high at 52.44 in late NY hours. Since then it has compressed between the 52.12 late low and 52.44, with RSI(14) neutral near 50 and price sitting on EMA20. The 51.62 swing low lines up with the 23.6% rally fib.
Support: 52.12, 51.78, 51.62
Resistance: 52.44, 52.50
What it said to watch
M15 close below the 52.12 late low reopens the 51.78 NY base
Close above the 52.44 session high and the 52.50 round number extends the rally structure
Loss of the 51.62 swing low (23.6% rally fib) breaks the higher-low chain
Thu 13:30 UTC jobless claims and unit labor costs, then Fed's Hammack, could materially shift this read
Silver reversed vertically from the 48.95 Asian low on the Democratic midterm sweep and a heavier USD. London and early NY then built a 51.62–52.28 range, which broke during NY hours to a 52.44 session high. Since then price has compressed in a 52.12–52.44 band, holding the 50% retrace of the NY breakout leg at the range floor, with a lower high at 52.41 and RSI(14) flat near 50.
Support: 52.12, 51.78
Resistance: 52.41, 52.444, 52.50
What it said to watch
M15 close below the 52.12 range floor exposes the 51.78 NY lows
Clearance of the 52.41 lower high and 52.44 session high brings the 52.50 round number into play
Thin Asia session liquidity after NY close; Thu 13:30 UTC jobless claims, unit labor costs and Fed's Hammack could materially shift this read ahead of Friday NFP
22:06 UTC
Uptrend, stalling into late NY · RSI 50 · price 52.208
Silver reversed vertically off the 48.946 Asia low as the Democratic midterm sweep hit the USD. NY then broke the 52.28 range top to a 52.444 session high, which sits just above the 23.6% fib's 51.62 base. Since 18:00 UTC price has compressed between the 52.12 late floor and a 52.414 lower high, with RSI(14) flat near 50 in thinning late-NY trade.
Support: 52.12, 51.78, 51.62
Resistance: 52.414, 52.444
What it said to watch
Close below the 52.12 late floor exposes the 51.78 ny floor
Close above the 52.444 session high resumes the higher-high chain
Loss of 51.62 (23.6% fib and NY low) breaks the rally's first retracement
Thu 13:30 UTC jobless claims and unit labor costs, plus Hammack at 13:50, could materially shift this read
21:47 UTC
Uptrend, momentum stalled · RSI 50 · price 52.195
Tight 52.12–52.44 range after vertical reversal.
Silver reversed vertically from the 48.95 Asia low as the Democratic midterm sweep hit the USD, then extended to a 52.44 session high during NY hours after holding the 51.62 NY open low. That low sits on the 23.6% reversal fib. Since the high, price has compressed between the 52.12 range floor and the 52.44 session high. RSI(14) is flat near 50 and price is pinned at EMA20 into the thin post-NY hours.
Support: 52.12, 51.77, 51.62
Resistance: 52.44, 52.50
What it said to watch
M15 close below the 52.12 range floor exposes the 51.77 swing low cluster from the London-NY transition
Close above the 52.44 session high opens the 52.50 round number
Loss of the 51.62 ny open low / 23.6% reversal fib would break the post-reversal higher-low sequence
Thu 13:30 UTC jobless claims and unit labor costs, then Fed's Hammack, could materially shift this read
21:32 UTC
Uptrend, momentum stalled · RSI 46 · price 52.202
Tight range below session high after vertical squeeze.
Silver squeezed vertically from the 48.95 Asia low as the Democratic midterm sweep hit the USD, then stair-stepped through NY from the 51.62 NY low to a 52.44 session high. Since then it has held a 52.12–52.44 range low-to-high box into the post-NY lull, sitting just under EMA20 with RSI(14) near 46.
Support: 52.12, 51.77, 51.62
Resistance: 52.444, 52.50
What it said to watch
M15 close below the 52.12 range low exposes the 51.77 swing low and the 51.62 NY low
Break of the 52.444 session high puts the 52.50 psych level in play
Thu 13:30 UTC jobless claims and unit labor costs, then Hammack, could materially shift this read
21:17 UTC
Uptrend, momentum cooling · RSI 51 · price 52.302
Tight range below session high, rising lows intact.
Silver's vertical Asia-session reversal from 48.946, driven by the post-midterm USD selloff, stalled at the 52.444 session high late in the NY session. Price has since held a 52.12–52.44 range, and the rising lows from the 51.623 NY low are still intact. RSI(14) is neutral near 51.
Support: 52.116, 51.623
Resistance: 52.444, 52.50
What it said to watch
M15 close above the 52.444 session high and the 52.50 round number would end the range read
Failure to hold the 52.116 range low would break the rising lows and expose the 51.623 NY low
Thin Asia session liquidity after the NY close could produce erratic range probes
Thu 13:30 UTC jobless claims and unit labor costs, then Fed's Hammack, could materially shift this read
21:04 UTC
Uptrend stalling into late-NY range · RSI 48 · price 52.25
Tight 52.12–52.44 range after vertical Asia reversal; lower highs under day high.
Silver reversed vertically from the 48.95 Asia low on USD weakness after the Democratic midterm sweep. It has since held the gains, ranging 52.12–52.44 into the late NY session, with the range low tagged three times and lower highs forming under the 52.444 day high. RSI(14) is flat near 48 and the move is digesting rather than extending.
Support: 52.12, 51.62
Resistance: 52.444, 52.50
What it said to watch
M15 close above the 52.444 day high and the 52.50 psych level would break the range to the upside
Failure to hold the 52.12 range low exposes the 51.62 NY swing low, which sits at the fib 23.6 retracement of the rally
Thin Asia session liquidity may keep price inside the range until Thursday's 13:30 UTC jobless claims and Fed's Hammack
20:47 UTC
Post-squeeze uptrend, stalling late NY · RSI 46 · price 52.189
Broke 51.62–52.28 range, now back under range top.
Silver reversed vertically off 48.95 in Asia on the Democratic midterm sweep and USD selling. London and early NY held a 51.62–52.28 range before a mid-NY break printed a 52.44 session high. Late NY has slipped back under the 52.28 range top, with the 52.12 swing low holding and the 23.6% fib of the rally sitting at the 51.62 NY low.
Support: 52.116, 51.623
Resistance: 52.282, 52.444, 52.50
What it said to watch
M15 close back above the 52.28 range top and the 52.44 session high reopens the 52.50 round number
Loss of the 52.12 swing low puts price back inside the prior range toward the 51.62 NY low / 23.6% fib
Thu 13:30 UTC jobless claims and Fed's Hammack, then Fri NFP, could materially shift this read
Silver squeezed from 48.95 to 51.84 during the Asia session on the Democratic sweep and a softer USD. London and NY have held above that Asian range high, and the move is now being digested in a 52.12–52.44 band. The NY session high at 52.44 is capping, with a lower high at 52.38 since; RSI(14) near 53 is neutral and the late NY low at 52.12 has held twice.
Support: 52.12, 51.78, 51.62
Resistance: 52.38, 52.44, 52.50
What it said to watch
M15 close above the 52.44 session high resumes the higher-high chain toward the 52.50 round number
Failure to hold the 52.12 late NY low exposes the 51.78 swing low
Loss of the 51.62 NY low, which sits at the 23.6% fib of the squeeze, breaks the post-squeeze structure
Thu 13:30 UTC jobless claims and unit labor costs could materially shift USD and this read
Higher lows since NY open; 52.12–52.33 range under 52.444.
Silver rebounded from the 48.946 Asia low on USD selling after the Democratic midterm sweep, and later in NY broke the 51.62–52.28 London-NY range to a 52.444 session high. The late-NY pullback held at the 52.12 pullback low, near the 38.2% fib of the 51.62–52.44 leg and above the ny lows at 51.77, and price is now rotating in a 52.12–52.33 range with RSI(14) neutral near 55.
Support: 52.12, 51.77, 51.623
Resistance: 52.444, 52.50
What it said to watch
M15 close below 52.12 pullback low breaks the higher-low chain and exposes the 51.77 ny lows
Close above 52.444 session high extends the higher-high sequence toward 52.50 psych
Loss of the 51.623 swing low undoes the NY range break
Thu 13:30 UTC jobless claims and Fed's Hammack are the next scheduled USD catalysts ahead of Friday's NFP
The Asia-session squeeze on the Democratic sweep and a weaker USD lifted silver from 48.95 to 51.84. London held a 51.78 range floor, and NY dipped to 51.62 at the fib 23.6 retracement before printing a 52.44 session high. Late NY is consolidating above the 52.12 pullback low, with RSI(14) flat near 52.
Support: 52.12, 51.78, 51.62
Resistance: 52.44, 52.50
What it said to watch
M15 close above the 52.44 session high opens the 52.50 round number
Loss of the 52.12 pullback low exposes the 51.78 range floor
A break of 51.62 (fib 23.6) undercuts the higher-low sequence from the Asia squeeze
Thu 13:30 UTC jobless claims and unit labor costs could materially shift this read ahead of Fri NFP
Higher lows since NY low 51.62; break of 52.28 prior high reversed.
The squeeze from 48.95 to 51.84 came in the Asia session on the Democratic sweep and a weaker USD. London and NY then built higher lows off the 51.62 NY low and broke the 52.28 prior high to a 52.444 session high, but that push met rejection. Late NY, price is back at 52.13, on the 38.2% of the NY up-leg fib, just above the 52.116 swing low and below EMA20.
Support: 52.116, 51.784, 51.623
Resistance: 52.282, 52.444
What it said to watch
A close back above the 52.28 prior high puts the 52.444 session high back in play
Loss of the 52.116 swing low exposes the 50% of the NY up-leg fib near 52.03
A break of the 51.784 higher low ends the higher-lows sequence and points back to the 51.62 NY low
Thu 13:30 UTC Initial Claims and Unit Labor Costs, then Fri NFP, could materially shift USD and this read
19:31 UTC
Uptrend, momentum cooling late NY · RSI 60 · price 52.255
Range break above 52.28, pullback holding higher lows.
Silver ripped from the 48.946 Asia low to 51.84 as the Democratic sweep hit the USD, then held a 51.62–52.28 range through London and early NY. The NY-afternoon range break set a session high at 52.444. The pullback low at 52.116 is the latest of a higher-low chain off the ny swing low at 51.783, and price is sitting just under the old range top, RSI(14) near 60.
Support: 52.116, 51.783
Resistance: 52.28, 52.444, 52.50
What it said to watch
M15 close back above the range top at 52.28 confirms the retest held; a clear of the 52.444 session high puts the 52.50 round number in play
Loss of the 52.116 pullback low breaks the higher-low trendline and returns price to the prior range
Failure at the 51.783 ny swing low would mark a lower low and undo the range break
Thu 13:30 UTC Claims/ULC and Fri NFP could materially shift this read
Late-NY break of 51.62–52.28 range, shallow pullback holding.
The Asia-session squeeze from 48.95 to 51.84 came on the Democratic midterm sweep and a softer USD. A 51.62–52.28 range then held through London and NY, and late NY broke the range top to a 52.444 session high. The pullback stalled at the 52.116 pullback low, the 50% of the 51.78–52.44 leg, with RSI(14) neutral near 55.
Support: 52.116, 51.784
Resistance: 52.444, 52.50
What it said to watch
M15 close below the 52.116 pullback low and rising support puts price back inside the 51.62–52.28 range
Break of the 52.444 session high exposes the 52.50 round number
Loss of the 51.78 range floor would negate the late-NY range break
Thu 13:30 UTC Initial Claims and Unit Labor Costs, then Fri NFP, could materially shift USD and this read
London-NY range 51.62–52.28 broken higher after London close; pullback retesting range top.
Silver squeezed from the 48.95 Asia low to 51.84 on the Democratic midterm sweep and a weaker USD. It then held a 51.62–52.28 range through London and broke the range top after London close to a 52.444 session high. The late-NY pullback held the 52.12 pullback low at the 50% fib of the breakout leg, with RSI(14) near 59 and price back just under the range top.
Support: 52.116, 51.784
Resistance: 52.282, 52.444, 52.50
What it said to watch
M15 close below the 52.12 pullback low breaks the higher-lows trendline and reopens the 51.78 range low
Acceptance back above the 52.28 range top and the 52.444 session high exposes the 52.50 round number
Thu 13:30 UTC Initial Claims and Unit Labor Costs are the next scheduled USD risk ahead of Friday NFP
Higher lows through NY; pullback from 52.44 back under 52.28 range top.
Silver squeezed from 48.95 in Asia to 51.84 on the Democratic sweep and a softer USD. London held a 51.6–52.0 band, and late NY broke the 52.28 range top to a 52.444 session high before rejection pulled price back to the 52.13 swing low, which coincides with the 38.2% retracement of the NY leg off the 51.62 ny low.
Support: 52.13, 51.78, 51.62
Resistance: 52.28, 52.444, 52.50
What it said to watch
M15 close below 52.13 swing low breaks the NY higher-low chain and exposes the 51.78 ny base, then the 51.62 ny low
Reclaim of the 52.28 range top re-opens the 52.444 session high and 52.50 psych
USD follow-through on the election result overnight; Thu 13:30 UTC claims and ULC are the next scheduled USD risk
51.62–52.28 range since London; break to 52.44 rejected.
The Asia-session squeeze off 48.95, driven by the Democratic midterm win and a weaker USD, settled into a 51.62–52.28 range through London and NY. Mixed US data (ADP beat, PMI misses) did not dent it. A late-NY break of the range top stalled at the 52.44 session high, short of 52.50 psych, and the 18:00 UTC rejection bar put price back under 52.28, now sitting on EMA20 above the 52.07 swing low.
Support: 52.07, 51.78, 51.62
Resistance: 52.28, 52.44, 52.50
What it said to watch
M15 close back above the 52.28 range top reopens the 52.44 session high and 52.50 psych
Loss of the 52.07 swing low and the rising lows trendline would mark the break as a false break, exposing the 61.8% ny leg fib near 51.94 and the 51.78 pivot lows
A break of the 51.62 ny low takes out the London-NY range floor
No scheduled US data in the next 8h; Thursday's 13:30 UTC jobless claims and Hammack are the next risk, with Friday's NFP the larger catalyst
After a 51.62–52.28 range held through London, silver broke the range top around London close and has printed a session high at 52.444. The move tracks USD weakness after the Democratic midterm win. RSI(14) near 62 is firm but not stretched, and the afternoon leg from 51.77 has had only shallow pullbacks along a rising trendline.
Support: 52.282, 51.78, 51.623
Resistance: 52.444, 52.50
What it said to watch
M15 close back below the 52.28 range top would mark the break as a false break
Loss of the rising trendline (~51.89) and the 51.78 swing lows returns price to the 51.62 range low
Session high 52.444 and the 52.50 round number sit inside the 52.32–52.50 resistance band; a close above opens the upper part of the move
Thu 13:30 UTC Jobless Claims and Unit Labor Costs could shift USD flows ahead of Friday NFP
Range break above 51.62–52.28 London-NY range, HH at 52.44.
After an Asia session dip to 48.95, silver squeezed about $3 on the post-midterm USD selloff. It then held a 51.62–52.28 range through London and the NY open, and mixed US data (ADP beat, PMI misses) did not break that structure. Late NY broke the range top and printed a session high at 52.44. Price is now stalling just below the 52.50 round number, with RSI(14) a moderate 58.
Support: 52.28, 52.00, 51.77
Resistance: 52.438, 52.50
What it said to watch
M15 close back below the 52.28 range top would mark the breakout as a false break
Rejection at the 52.44 session high to 52.50 round number zone caps the extension; a clean close above opens the path toward 53.00
Loss of 52.00 psych (61.8% of the NY swing fib near 51.93) puts the 51.77 range low back in play
Thu 13:30 UTC claims/ULC and Fri NFP could materially shift this read
Silver broke the 51.62–52.28 London-NY range after London close and printed a 52.438 session high, extending the Asia-session rally off 48.95 as the post-midterm USD selloff ran on and mixed ISM/PMI data failed to dent it. RSI(14) near 63, not stretched, and price is now in the 52.32–52.50 resistance band.
Support: 52.28, 51.78, 51.62
Resistance: 52.438, 52.50
What it said to watch
A close back below the 52.28 range top would turn the breakout into a false break
An M15 close above the 52.50 round number clears the session high and the resistance band
Loss of the 51.78 higher low breaks the rising support from the 51.62 range low
Thin liquidity into the Asia session; Thu 13:30 UTC jobless claims and Hammack at 13:50 UTC are the next scheduled USD risk
17:33 UTC
Uptrend, consolidating near highs · RSI 60 · price 52.33
Higher lows under a flat 52.28–52.34 cap.
Silver rallied from the 48.95 Asian low through late Asia as the USD sold off on the midterm result. It then ranged 51.62–52.34 through London and NY, printing higher lows at the 51.77 range floor and 52.07, and the mixed ISM/ADP data did not break that structure. Price is now pressing the 52.34 session high with RSI(14) near 60 and ATR around 250 pips, and the 23.6% retrace of the rally at 51.54 has not been tested.
Support: 52.07, 51.77, 51.62
Resistance: 52.344, 52.50
What it said to watch
An M15 close above the 52.34 session high would open the 52.50 round number, where digest resistance sits
Failure to hold the 52.07 higher low would bring the 51.77 range floor back into play
A break below the 51.62 swing low would undo the London-NY consolidation and expose the rally's 23.6% retrace at 51.54
17:16 UTC
Post-squeeze range, upper edge under test · RSI 56 · price 52.257
51.62–52.28 range since London with rising lows; marginal new session high at 52.344.
The Asia session squeezed from 48.95 to 51.84 as the midterm result sank the USD. London and NY then held a 51.62–52.28 range with rising lows off the range floor, and late NY tagged a fresh session high at 52.344 with RSI(14) in the mid-50s.
Support: 51.78, 51.623
Resistance: 52.344, 52.50
What it said to watch
M15 close above the 52.344 session high clears the range top and opens the 52.50 psych level, where the digest flags overhead supply
Break of the rising lows line and the 51.78 range floor exposes the 51.623 swing low
Thu 13:30 UTC jobless claims and Hammack at 13:50 are the next USD catalysts ahead of Friday NFP
17:04 UTC
Uptrend, consolidating near session high · RSI 58 · price 52.224
51.62–52.34 range above Asia breakout, tops edging higher.
The Asia session squeeze from 48.95 to 51.84, driven by the post-midterm USD slide, has given way to a 51.62–52.34 range through London and NY. The range holds well above the 23.6% fib of the Asia rally at 51.54. Buyers stepped in at the 51.62 swing low after the ADP beat, and the 51.78 range floor has held three times since; the latest push set a new session high at 52.34, just under the 52.50 psych level.
Support: 51.78, 51.623, 51.542
Resistance: 52.344, 52.50
What it said to watch
An M15 close above the 52.344 session high would put the 52.50 psych level in play
A break of the 51.78 range floor exposes the 51.62 swing low and the 23.6% fib at 51.54
Thu 13:30 UTC Jobless Claims / Unit Labor Costs and Hammack at 13:50, ahead of Friday's NFP, could materially shift this read
16:47 UTC
Post-rally range, pressing range top · RSI 59 · price 52.252
51.62–52.28 range since mid-London, rising lows into a flat top.
The election-driven Asia session leg from 48.95 has given way to a 51.62–52.28 range through London and NY. Supply has capped the 52.28 session high three times, while rising lows from the 51.62 range floor compress price back into the top after London close. RSI(14) sits near 59 and ATR(14) is about 275 pips.
Support: 52.00, 51.77, 51.623
Resistance: 52.282, 52.50
What it said to watch
M15 close above the 52.28 session high breaks the range top, with the 52.50 round number next
Failure to hold the 52.00 psych level, then a break of the 51.77 range lows, ends the rising-lows compression
A loss of the 51.62 range floor turns the range into a deeper pullback of the Asia rally
Thu 13:30 UTC Jobless Claims and Unit Labor Costs could materially shift this read ahead of Friday's NFP
51.62–52.28 range since London; lower highs, flat lows.
The Asia session squeeze from 48.95 to 51.84 on the midterm-driven USD selloff has stalled into a 51.62–52.28 range through London and NY. The 52.28 session high was followed by a lower high at 52.21 against flat session lows near 51.78. Price sits just under the EMA20 with RSI(14) neutral near 48.
Support: 51.78, 51.62, 51.50
Resistance: 52.215, 52.282, 52.50
What it said to watch
M15 close below the 51.78 session lows exposes the 51.62 swing low and the fib 23.6 near 51.50
M15 close above the 52.28 session high exposes the 52.32–52.50 res zone; another lower high below the 52.21 lower high keeps the range top capping
Thu 13:30 UTC jobless claims and Fri NFP are the next catalysts that could break the range
51.62–52.28 range since London open; higher lows against a lower high compressing price near 52.00.
The Asia-session squeeze from 48.946 to 51.836 came on the post-midterm USD drop. Through London and NY it has given way to a 51.62–52.28 range, and the 52.282 session high set during NY hours did not hold. Higher lows at the 51.62 range low and the 51.77 higher low, against a 52.215 lower high, are compressing price around 52.00, with RSI(14) flat near 50; mixed ISM/ADP prints did not break the range.
Support: 51.77, 51.623, 51.528
Resistance: 52.215, 52.282, 52.50
What it said to watch
M15 close above the 52.282 session high opens the 52.32–52.50 res zone
A break back above the 52.215 lower high is the first sign the compression resolves higher
Loss of the 51.77 higher low and the rising trendline exposes the 51.623 range low, then the 51.528 swing low from the Asia consolidation
Thu 13:30 UTC jobless claims and Fed's Hammack at 13:50 could shift this read; Friday's NFP is the larger catalyst
Post-Asia-rally range 51.62–52.28 with higher lows in NY.
Silver's Asia rally ran from 48.946 to 51.84 on the Democratic midterm win and a softer USD. Price then held a 51.62–52.28 band through London and NY, and the mixed ISM/PMI data did not dent it. NY has printed higher lows at the 51.623 swing low and the 51.77 NY low, and price is pressing the 52.282 session high with RSI(14) near 56, just under the 52.32–52.50 res zone.
Support: 51.769, 51.623
Resistance: 52.282, 52.50
What it said to watch
M15 close above the 52.282 session high puts the 52.32–52.50 res zone in play; rejection there keeps the range intact
Break below the 51.77 NY low breaks the higher-lows trendline and exposes the 51.623 swing low
Losing 51.623 would end the consolidation read and open a deeper retrace of the Asia rally
Thu 13:30 UTC Jobless Claims and Unit Labor Costs, then Fri NFP, could materially shift this read
Range 51.62–52.28 since London open, NY highs capped above 52.20.
The Asia-session election squeeze off the 48.946 low ran to 51.84. Since London, silver has held a 51.62–52.28 range, and NY rejected the 52.282 session high below the 52.32–52.50 resistance zone; mixed US PMI/ISM data has not broken it. Price is back under EMA20 near 51.85, testing the 51.78 recent low, with RSI(14) neutral at 45 and the squeeze fib 23.6% near 51.50 just under the London low.
Support: 51.783, 51.623, 51.528
Resistance: 52.282, 52.50
What it said to watch
An M15 close above the 52.282 session high would put the 52.32–52.50 resistance zone in play, with 52.50 psych on top
Failure to hold the 51.78 recent low shifts focus to the 51.623 NY low
A break of the 51.623 NY low and the 51.528 London low ends the range read and exposes the squeeze fib 38.2% near 51.01
Thu 13:30 UTC jobless claims and Hammack at 13:50 UTC are the next scheduled risk; Fri NFP is the main catalyst
Range 51.62–52.28 above the Asia rally, rejection at session high.
The Asia session carried a squeeze from 48.95 to 51.84 on the Democratic midterm win and a softer USD. London and NY have since held a 51.62–52.28 range. NY printed a session high at 52.28 just under the 52.32–52.50 res zone and was rejected. Price is now back below EMA20 near the 51.79 pullback low, with RSI(14) neutral around 51.
Support: 51.79, 51.62, 51.50
Resistance: 52.28, 52.50
What it said to watch
M15 close above the 52.28 session high puts the 52.32–52.50 res zone in play
Failure to hold the 51.79 pullback low exposes the 51.62 ny low; a break there ends the range read, with fib 23.6 of the Asia rally at 51.50 next
Thu 13:30 UTC jobless claims, then Fri NFP (f/c 65K), are the next catalysts for USD and hike pricing
15:17 UTC
Post-squeeze consolidation below range top · RSI 53 · price 52.011
52.28 cap holding, higher lows since London.
The midterm rally on a weaker USD lifted silver from the 48.95 Asia low to 51.84 before London. Since then price has consolidated between 51.62 and 52.28, with the range top rejected again in the first hour of NY after ADP and the ISM Services miss. A higher low at 51.79 keeps the lower bound firming, and RSI(14) sits neutral near 53, around 52.00.
Support: 51.79, 51.62
Resistance: 52.28, 52.50
What it said to watch
M15 close above the 52.28 range top opens the 52.50 psych level, which aligns with the 52.32–52.50 resistance zone
Failure to hold the 51.79 higher low exposes the 51.62 range low; a break there ends the consolidation read
No scheduled US data in the next 8h. Senate-result headlines driving USD flows are the main risk to the range
ATR near 220 pips: the 0.66 range is only about three ATRs wide, so wicks through either edge have been common
51.62–52.28 range under fresh session high, rising lows intact.
Silver squeezed from 48.946 to 51.836 in the Asia session on the Democratic midterm sweep and the USD selloff. London and NY have since held a 51.62–52.28 range above the 23.6% fib of the squeeze, with rising lows off the 51.623 ADP low. The 14:45 UTC PMI bar set a session high at 52.282 but closed back near 52.03, a rejection just below the 52.32–52.50 resist zone.
Support: 51.814, 51.623, 51.495
Resistance: 52.282, 52.50
What it said to watch
ISM Services at 15:00 UTC (17:00 broker) is releasing now; a soft print near or below 53.5 versus the 54.8 forecast puts the 52.32–52.50 resist zone in play
An M15 close above the 52.282 session high breaks the range top
A close below 51.814 breaks the rising lows; losing the 51.623 adp low opens the 23.6% fib at 51.495
A hot ISM above ~56 with firm Prices Paid risks unwinding part of the squeeze
London range 51.62–52.23; NY higher lows testing top.
The Democratic-sweep squeeze off the 48.95 Asian low stalled into a 51.53–52.23 London range. NY printed a higher low at 51.79 after the ADP low at 51.62 and is now pressing the 52.27 session high, RSI(14) near 59 and not stretched, with 52.32 resistance just overhead.
Support: 51.791, 51.623, 51.528
Resistance: 52.266, 52.32, 52.50
What it said to watch
S&P Global PMI is printing in the current bar and ISM Services follows at 15:00 UTC (f/c 54.8); either could materially shift this read
An M15 close above the 52.50 zone top confirms a range break; rejection at 52.32 resistance keeps the range intact
Loss of the 51.79 higher low and then the 51.62 adp low breaks the rising-lows line and reopens the 51.53 london low
51.62–52.23 range since the Asia-session spike; lower highs at 52.23, 52.19.
The Asia-session reversal from 48.95 to 51.84, driven by the Democratic sweep hitting USD, has given way to a 51.62–52.23 range through London and NY. The session high at 52.23 and the NY high at 52.19 both met rejection, while the ADP low at 51.62 and the 51.72 swing low have held. RSI(14) is neutral near 49 and price sits just under EMA20.
Support: 51.72, 51.62, 50.98
Resistance: 52.19, 52.23, 52.32
What it said to watch
S&P Global PMI at 14:45 UTC and ISM Services at 15:00 UTC (f/c 54.8) could materially shift this read
M15 close above the 52.23 session high breaks the range and exposes the 52.32–52.50 res cluster
Failure to hold the 51.62 adp low opens the fib 38.2 of the Asia rally near 50.98
14:17 UTC
Uptrend, stalled in range · RSI 50 · price 51.981
Post-impulse range 51.62–52.23 with flat highs.
The Asia rally ran from the 48.95 low to 51.84 in under two hours as the Democratic sweep sank USD. Price has since held a 51.62–52.23 range through London and early NY, with the session high capping three times. The 13:15 UTC ADP beat drove a dip to the range low that was absorbed, and price now sits just under EMA20 with RSI(14) near 50.
Support: 51.62, 51.46
Resistance: 52.23, 52.32
What it said to watch
S&P Global PMI at 14:45 UTC and ISM Services at 15:00 UTC (f/c 54.8) could materially shift this read
M15 close above the 52.23 session high puts the 52.32 res cluster in play
Close below the 51.62 range low breaks the flag and exposes the fib 23.6 at 51.46
14:04 UTC
Post-squeeze range, pressing the top · RSI 56 · price 52.113
51.62–52.23 range since London open after a vertical rally off the Asian low.
Silver squeezed from the 48.95 Asian low to 51.84 by London open as the Democratic sweep sank USD and yields, then settled into a 51.62–52.23 range. The ADP beat at 13:15 UTC knocked price to the range low, but it recovered to the session high area in early NY; RSI(14) is neutral near 56.
Support: 51.62, 51.46
Resistance: 52.234, 52.50
What it said to watch
M15 close above the 52.23 session high opens the 52.32–52.50 cap
Failure to hold the 51.62 range low exposes the fib 23.6% at 51.46
S&P PMI at 14:45 UTC and ISM Services at 15:00 UTC (f/c 54.8) could materially shift this read
Silver squeezed off the 48.946 Asia low into the 52.234 session high on the Democratic midterm sweep and a softer USD. Since London it has held a 51.62–52.23 range. The ADP bar swept to the 51.623 adp low and closed back near 52.12, with pullbacks so far holding above the fib 23.6 at 51.458 and RSI(14) neutral near 54.
Support: 51.623, 51.458
Resistance: 52.234, 52.50
What it said to watch
S&P PMI at 14:45 and ISM Services at 15:00 UTC could materially shift this read
A close above the 52.234 session high exposes the 52.32–52.50 zone top
A break of the 51.623 adp low ends the range read and puts the fib 23.6 at 51.458 in focus
51.59–52.23 London range after the Asia rally, lower high at 52.23.
The Asia rally off 48.95, driven by the Democratic midterm sweep and a weaker USD, has stalled into a 51.59–52.23 range since London open. A second rejection at the 52.23 session high has RSI(14) easing to ~44, and price is now sitting in the lower half near the london low as ADP lands.
Support: 51.59, 50.98
Resistance: 52.23, 52.32
What it said to watch
ADP (13:15 UTC) and ISM Services (15:00 UTC) could materially shift this read
An M15 close below the london low at 51.59 breaks the range and exposes the 38.2% fib of the Asia rally near 50.98
An M15 close above the 52.23 session high brings the 52.32–52.50 res band into play
51.72–52.23 range since London open, double top at session high, range low under test.
Silver reversed off the 48.95 Asia low into a London-open squeeze to 51.84 as the USD sank on the Democratic midterm sweep. It then capped in a 51.72–52.23 range with a double top at the session high. The 13:15 bar is pressing the range low and rising support as ADP hits, with RSI(14) near 42 and price under EMA20.
Support: 51.72, 51.53, 50.98
Resistance: 52.23, 52.50
What it said to watch
M15 close below the 51.72 range low completes the double top, putting the 51.53 swing low and then fib 38.2 at 50.98 in view
Reclaim of the 52.23 session high exposes the 52.32–52.50 resistance zone
ADP (13:15 UTC) and ISM Services (15:00 UTC) could materially shift this read
Silver reversed from the 48.95 Asia low as the Democratic midterm sweep hit the USD, and has since held a 51.72–52.23 band through London, with the session high capping twice. Rising lows from the 51.59 London low are still intact. RSI(14) sits near 58 and ATR runs about 185 pips, with ADP minutes away.
Support: 51.724, 51.588
Resistance: 52.234, 52.32
What it said to watch
ADP at 13:15 UTC and ISM Services at 15:00 UTC could break the 51.72–52.23 band either way
M15 close above the 52.23 session high exposes the 52.32–52.50 resist zone
Failure to hold the 51.72 swing low breaks the rising lows and puts the 51.59 london low in focus
Loss of 51.59 points to the 38.2% level of the Asia rally fib near 50.98
London range 51.59–52.23 with rising lows under a flat top.
The Democratic midterm sweep hit the USD and drove silver from the 48.95 Asia low to 51.84 before London. Since London open, price has held a range with rising lows, from the 51.59 range low up to the 51.72 swing low, while the 52.23 session high capped two tests. RSI(14) at 56 is neutral and EMA20 is flat underneath price.
Support: 51.724, 51.588
Resistance: 52.234, 52.50
What it said to watch
ADP at 13:15 UTC (~30 min) and ISM Services at 15:00 UTC could materially shift this read
M15 close above the 52.23 session high exposes the 52.32–52.50 resist zone
Break of the 51.72 swing low and the rising-lows line returns focus to the 51.59 range low
Loss of 51.59 opens a deeper retracement of the overnight rally, with 38.2% near 50.98
Tight London range 51.72–52.23 above rising lows after a 4%+ Asia squeeze.
Silver squeezed from the 48.95 Asia low to 51.84 in late Asia on the Democratic midterm sweep and a weaker USD. It then built a flag-like consolidation through London, capped at the 52.23 session high. The 12:00 UTC dip to the 51.72 swing low recovered back above 52.00 into the London-NY transition, with the rising lows from the 51.53 London low intact.
Support: 51.724, 51.528, 51.458
Resistance: 52.234, 52.32, 52.50
What it said to watch
ADP 13:15 UTC (f/c 69K) and ISM Services 15:00 UTC (f/c 54.8) could materially shift this read
M15 close above the 52.23 session high exposes the 52.32–52.50 resistance zone, with 52.50 the zone top
Loss of the 51.72 swing low and the rising lows line points to the 51.53 London low and the 51.46 fib 23.6 of the squeeze
Post-squeeze consolidation below London session high.
Silver rallied from the 48.95 Asia low to the 52.234 London session high, a squeeze driven by the Democratic midterm sweep, lower yields and a softer USD. Price has since stalled below the round number at 52.00, and the noon bar pushed it under EMA20 to a 51.72 pullback low, with the 51.53–51.59 shelf low and the 23.6% fib at 51.46 sitting below.
Support: 51.724, 51.528, 51.458
Resistance: 52.00, 52.234, 52.32
What it said to watch
ADP at 13:15 UTC, then ISM Services and Prices Paid at 15:00 UTC, could materially shift this read
M15 close below the 51.53 shelf low exposes the 23.6% fib near 51.46
M15 close back above 52.00 and the 52.234 session high brings the 52.32–52.50 resist zone into play
London HH/HL chain flattening into a tight 51.93–52.07 range.
Silver rallied from the 48.946 Asia low through the asian high at 51.836, driven by the Democratic midterm sweep and a weaker USD. London extended the move to a 52.234 session high before stalling. Price is now holding a 51.93–52.07 range with RSI(14) neutral near 58 and the 51.732 swing low as the last London higher low.
Support: 51.926, 51.836, 51.732
Resistance: 52.234, 52.50
What it said to watch
M15 close below the 51.926 range low breaks the higher-low chain and exposes the asian high at 51.836, then the 51.732 swing low
Acceptance above the 52.234 session high brings the 52.32–52.50 resistance band into play
ADP at 13:15 UTC and ISM Services at 15:00 UTC (Prices Paid) could materially shift this read
Tight consolidation 51.93–52.23 after impulsive rally.
Silver reversed from the 48.95 Asia low on the Democratic midterm sweep and a softer USD. London extended the Asia rally to a 52.234 session high before stalling just under the 52.32–52.50 resistance zone. Price is holding above the 51.93 swing low with RSI(14) cooling to about 58.
Support: 51.926, 51.588
Resistance: 52.234, 52.32
What it said to watch
M15 close below the 51.93 swing low exposes the 51.59 London low and the 23.6% retracement of the Asia rally near 51.46
M15 close above the 52.234 session high brings the 52.32–52.50 resistance zone into play
ADP at 13:15 UTC and ISM Services at 15:00 UTC could materially shift this read
Higher lows above the Asian high, pausing under the session high.
Silver ran from the 48.946 Asia low to a 52.234 London session high as the Democratic midterm sweep and lower yields hit the USD. The 48.946–52.234 rally broke the 51.836 Asian high and has held a higher-low trendline since, with the latest pullback holding 51.926 and RSI(14) cooling to about 56 below the 52.32–52.50 res zone.
Support: 51.926, 51.836, 51.732
Resistance: 52.234, 52.32
What it said to watch
M15 close below the 51.926 swing low breaks the higher-low trendline and exposes the 51.732 higher low
Loss of 51.836 puts price back inside the Asian range
Acceptance above the 52.234 session high brings the 52.32–52.50 res zone into play
ADP at 13:15 UTC and ISM Services at 15:00 UTC could materially shift this read
Post-squeeze London consolidation with higher lows under 52.23.
Silver squeezed from the 48.95 Asia low to 52.23 on the Democratic midterm sweep and a softer USD. London has built higher lows above the 51.53 range base, with the latest swing low at 51.93 holding rising support. The 52.23 session high stalled just short of the 52.32–52.50 res zone, and RSI(14) has cooled to about 65.
Support: 51.926, 51.732, 51.528
Resistance: 52.234, 52.32
What it said to watch
M15 close below the 51.93 swing low breaks rising support and shifts focus to the 51.73 higher low
Failure to hold 51.73 puts the 51.53 range base back in play
A close above the 52.23 session high brings the 52.32–52.50 res zone into play
ADP at 13:15 UTC and ISM Services at 15:00 UTC could materially shift this read
A late-Asia squeeze off the 48.95 low carried silver through the Asian high at 51.84 as the Democratic midterm sweep sank the USD and yields. London has extended in a tight HH/HL grind to a 52.23 session high. Price is now pressing the HL trendline near the 51.95 swing low, RSI(14) around 64, just under the 52.32–52.50 res zone.
Support: 51.95, 51.836, 51.588
Resistance: 52.234, 52.32
What it said to watch
M15 close below the 51.95 swing low breaks the HL trendline and exposes the 51.84 asian high
Loss of the 51.59 london low ends the HH/HL sequence; the rally fib 23.6% sits near 51.46
Acceptance above the 52.23 session high puts the 52.32–52.50 res zone in play
ADP 13:15 UTC and ISM Services 15:00 UTC could materially shift this read
10:47 UTC
Uptrend, momentum cooling under session high · RSI 61 · price 51.986
Higher-low chain since 06:45 UTC; London broke above Asian high.
Silver reversed from the 48.946 Asia low into the 51.836 Asian high as the Democratic Congress sweep sank the USD and yields. Mid-London, price extended to a 52.234 session high, then slipped back to ~51.99, still beneath the 52.32–52.50 resist zone. The rising trendline of higher lows from the 51.528 swing low remains intact.
Support: 51.836, 51.732, 51.528
Resistance: 52.234, 52.50
What it said to watch
M15 close back below the 51.836 asian high puts the London breakout at risk of a false break
Loss of the 51.732 higher low and the trendline breaks the intraday HL chain, exposing the 51.528 swing low
Acceptance above the 52.234 session high brings the 52.32–52.50 resist zone into play
ADP at 13:15 UTC (f/c 69K) and ISM Services at 15:00 UTC (f/c 54.8) could materially shift this read
Higher-low chain through London, price testing rising trendline under resistance.
Late-Asia squeeze off the 48.95 low on the USD-negative midterm read carried silver to 51.84. London has ground higher in a higher-low chain to a 52.234 session high. Price is now back on the rising trendline just below the 52.32–52.50 res zone, with RSI(14) cooling to ~62.
Support: 51.938, 51.588
Resistance: 52.234, 52.32
What it said to watch
M15 close below the 51.94 higher low breaks the London higher-low chain
Failure to hold the 51.59 session low exposes the 23.6% squeeze fib near 51.46
Acceptance above the 52.32–52.50 res zone extends the squeeze; rejection there would echo Monday's failed bounce
ADP at 13:15 UTC and ISM Services at 15:00 UTC could materially shift this read
10:17 UTC
Uptrend, extended · RSI 74 · price 52.151
Higher highs/higher lows; London broke the 51.53–51.97 post-rally range and is printing session highs.
Silver ripped from the 48.95 Asia low to 51.84 before London on the USD-negative read of the Democratic midterm sweep, then based in a 51.53–51.97 range. London broke the range top and is at session highs near 52.15, RSI(14) at 74, just under the 52.32 resistance zone.
Support: 51.96, 51.53
Resistance: 52.32, 52.50
What it said to watch
Rejection at 52.32 resistance or the 52.50 half-dollar would echo Monday's faded bounce; acceptance above extends the rally fib leg
M15 close back below the 51.96 range top turns the breakout into a false break, with the 51.53 range low below
Break of the London higher lows trendline would mark the first lower low since the 48.95 rally began
ADP at 13:15 UTC and ISM Services at 15:00 UTC could materially shift this read
10:05 UTC
Uptrend, momentum cooling after vertical leg · RSI 73 · price 51.968
Tight consolidation above Asian high, higher lows intact.
Silver rallied almost vertically from the 48.946 Asia low to the 51.836 asian high on the USD-negative read of the Democratic midterm sweep. London has since held a 51.53–52.07 consolidation with a rising higher low chain, and RSI(14) near 73 is cooling. Price is capped just under the session high, with the 52.32–52.50 resist zone above.
Support: 51.897, 51.836, 51.528
Resistance: 52.072, 52.32
What it said to watch
M15 close above the 52.072 session high puts the 52.32–52.50 resist zone in play
Break of the 51.897 higher low and the rising-lows trendline exposes the asian high at 51.836
Loss of the 51.528 range floor opens a deeper pullback into the rally fib
ADP at 13:15 UTC and ISM Services at 15:00 UTC could materially shift this read
Breakout above Asian range, then tight box with rising lows.
Silver ran vertically off the 48.95 Asia low and cleared the 50.18 Asian high late in Asia as Democratic Senate control weighed on the USD. Since then it has held a 51.53–52.03 range low-to-session high box through the London open, with rising lows. Price is now pressing the 52.03 session high with RSI(14) near 68, and the 52.32–52.50 resist zone sits just overhead.
Support: 51.732, 51.528, 50.178
Resistance: 52.032, 52.32
What it said to watch
M15 close above the 52.03 session high puts the 52.32–52.50 resist zone in play
Loss of the rising lows and the 51.73 swing low exposes the 51.53 range low
Failure at the range low turns focus to the rally fib 38.2% near 50.85, with the 50.18 asian high below
ADP at 13:15 UTC and ISM Services at 15:00 UTC could materially shift this read
09:31 UTC
Uptrend, pausing after vertical leg · RSI 66 · price 51.946
Tight flag at highs above 51.53 after Asia-to-London rally.
Silver ran almost vertically from the 48.95 Asia low to 51.84 before London once Democratic Senate control was confirmed and the USD softened. It has since held a tight 51.53–52.03 flag on rising lows, printing a fresh session high at 52.03, with RSI(14) cooled to about 66 and the cited res at 52.32–52.50 just overhead.
Support: 51.73, 51.53, 50.55
Resistance: 52.03, 52.32
What it said to watch
M15 close below the 51.53 flag low breaks the consolidation and exposes the 50.55 prior high
Acceptance above the 52.32 cited res extends the breakout; rejection there keeps the flag capped
Loss of the rising lows near 51.73 would signal the flag is losing support
ADP 13:15 UTC and ISM Services 15:00 UTC could materially shift this read
09:17 UTC
Strong uptrend, now compressing · RSI 72 · price 51.943
Tight 51.53–51.97 range after London breakout above the Asian range; higher lows under a flat session high.
Silver ran near-vertically from the 48.95 Asian low through the 50.18 Asian high into London, as confirmation of Democratic Senate control weighed on the USD. Since then price has coiled under a flat 51.97 session high, with a higher low at 51.73 above the 51.53 range low. RSI(14) sits near 72, warm but not stretched.
Support: 51.732, 51.528, 50.178
Resistance: 51.973, 52.32
What it said to watch
M15 close above the 51.97 session high breaks the compression, with the 52.32 resist zone directly overhead
Failure to hold the 51.73 higher low, then the 51.53 range low, ends the coiling structure
A slide back toward the 50.18 Asian high would retrace about half the London rally
ADP at 13:15 UTC and ISM Services at 15:00 UTC could materially shift this read
09:03 UTC
Vertical uptrend, pausing in a flag · RSI 71 · price 51.797
Tight flag 51.53–51.96 after the Asian breakout, small higher lows.
The Asian session carried a near-vertical rally from 48.95 to 51.84 as the Democratic Senate sweep hit the USD, clearing yesterday's 50.55 prior high. London has held a tight 51.53–51.96 flag since the open, and the 51.96 session high is capping for now. RSI(14) has cooled to ~71 without a deep pullback.
Support: 51.53, 50.81, 50.55
Resistance: 51.96, 52.32
What it said to watch
M15 close above the 51.96 session high extends the Asian rally toward the 52.32–52.50 res zone
Break of the 51.53 flag low opens a retracement toward the fib 38.2 at 50.81 and the 50.55 prior high
ADP at 13:15 UTC and ISM Services at 15:00 UTC could materially shift this read
08:47 UTC
Uptrend, pausing after vertical leg · RSI 72 · price 51.854
Impulse breakout above prior high, tight flag 51.53–51.96.
Silver ripped from the 48.95 Asian low through the asian high at 50.18 and the prior high at 50.55 once the Democratic Senate win hit the USD, and is now flagging between the range low at 51.53 and the session high at 51.96 in the London morning. RSI(14) has cooled to ~72 as the 07:00 UTC push stalled, with price holding well above EMA20.
Support: 51.528, 50.547, 50.178
Resistance: 51.963, 52.00, 52.32
What it said to watch
M15 close above the 51.96 session high and the 52.00 round number exposes the 52.32–52.50 res zone
Failure to hold the 51.53 range low opens a deeper fib retracement, 38.2% near 50.81, then the prior high at 50.55
Loss of the 50.18 asian high would unwind most of the election move
ADP at 13:15 UTC and ISM Services at 15:00 UTC could materially shift this read
Tight range after impulsive rally off the Asia session low.
From the 48.95 Asia session low, silver rallied almost 4% as USD sold off on the Democratic Senate win. Since then price has compressed in a 51.53–51.96 range through London open, with the 51.96 session high set in the first hour. RSI(14) has cooled from overbought to about 68 while EMA20 trails well below near 51.10, above the 51.00 psych.
Support: 51.53, 51.00
Resistance: 51.958, 52.32
What it said to watch
A close below the 51.53 range low exposes the 51.00 psych and the 38.2% retracement of the Asia rally near 50.81.
A break of the 51.96 session high brings the 52.32 prior floor (52.32–52.50 zone) into play.
ADP at 13:15 UTC and ISM Services at 15:00 UTC could materially shift this read.
Impulse off Asian low, tight range at highs, higher low at 51.588.
Silver climbed roughly $3 off the 48.946 Asian low as the Democratic Senate win hit USD. The move cleared the Asian range high and yesterday's 50.547 high. Early London held a tight 51.53–51.84 range, then printed a 51.958 session high off a 51.588 higher low, with RSI(14) near 76 easing from hotter readings.
Support: 51.836, 51.588, 51.528
Resistance: 51.958, 52.32
What it said to watch
Holding above the 51.836 prior high keeps the London break intact; a slip back into the range is the first sign of stalling
A close below the 51.528 range low marks the first lower low since the impulse and exposes the 38.2% fib near 50.81
Acceptance above the 51.958 session high brings the 52.32 former floor (52.32–52.50 zone) into play
ADP at 13:15 UTC and ISM Services at 15:00 UTC could materially shift this read
Late-Asia squeeze ran from the 48.95 low to a 51.84 session high on the Democratic Senate sweep and a softer USD. Price broke the 50.55 prior high along the way. It has since flagged in a tight 51.53–51.84 box into the London open, with RSI(14) cooling from about 78 to 69 and the latest bars pressing the flag low.
Support: 51.528, 50.73, 50.547
Resistance: 51.836, 52.00, 52.32
What it said to watch
M15 close below the 51.53 flag low exposes the fib 38.2 near 50.73, then the 50.55 prior high
Close above the 51.84 session high brings the 52.00 psych level and the 52.32 range floor into view
ADP at 13:15 UTC and ISM Services at 15:00 UTC could materially shift this read
A late-Asia short-covering squeeze ran from the 48.946 session low through the Asian high and yesterday's 50.547 prior high to a 51.836 session high, in step with blue-wave USD selling. Since 06:15 UTC, price has held a 51.53–51.84 consolidation into the London open, with RSI(14) cooling to about 75.
Support: 51.528, 51.00, 50.547
Resistance: 51.836, 52.00, 52.32
What it said to watch
M15 close below the 51.528 consol low ends the consolidation; the 51.00 round number and 50.547 prior high sit below
Acceptance above the 51.836 session high exposes the 52.00 round number and the 52.32–52.50 major zone
Holding above the 50% retracement of the squeeze (≈50.39) keeps the breakout structure intact
ADP 13:15 UTC and ISM Services 15:00 UTC could materially shift this read
Impulse above Asian range high, tight consolidation 51.53–51.84.
Late in the Asia session silver cleared the Asian range high at 50.18 and yesterday's 50.55 prior high. It ran from 48.95 to a 51.84 session high as USD sold off on the Democratic sweep of Congress. Price is now holding a tight 51.53–51.84 range ahead of the London open, with RSI(14) at 76. The fib 38.2 at 50.73 and the prior high at 50.55 sit below.
Support: 51.528, 50.732, 50.547
Resistance: 51.836, 52.00, 52.32
What it said to watch
M15 close below the 51.53 range low opens a retrace toward the fib 38.2 at 50.73 and the 50.55 prior high
Close above the 51.84 session high brings the 52.00 round number and the 52.32–52.50 major cap into play
ADP at 13:15 UTC and ISM Services at 15:00 UTC could materially shift this read
Impulsive Asia-session squeeze, tight consolidation just under session high.
The Asia session squeeze ran from a 48.946 low through the prior high at 50.547 to a 51.836 session high. The move came with USD still soft after the Democratic sweep and an oversold metal covering. Into the London open, price is holding a tight 51.53–51.84 band under the high, with RSI(14) near 81.
Support: 51.528, 51.00, 50.547
Resistance: 51.836, 52.32
What it said to watch
Failure to hold the 51.528 pullback low exposes the 51.00 round number and the 23.6% fib near 51.15
M15 close above the 51.836 session high opens the path to the 52.32 cap zone
Slip back below the prior high at 50.547 would mark the squeeze as a false break
ADP at 13:15 UTC and ISM Services at 15:00 UTC could materially shift this read
Asian range broken higher; HH/HL chain since 48.95 low.
USD selling after the Democratic sweep of Congress squeezed silver from the 48.95 Asian low to a 51.84 session high, clearing the Asian range top at 50.18 and the prior high at 50.55. RSI(14) near 82 and the first pause into the London open, with the 51.53 pullback low holding and the fib 23.6 at 51.15 below.
Support: 51.528, 51.154, 50.547
Resistance: 51.836, 52.00, 52.32
What it said to watch
M15 close below the 51.53 pullback low marks the first lower low of the squeeze
Close above the 51.84 session high and the 52.00 round number brings the 52.32–52.50 major cap into play
Failure to hold the 50.55 prior high would turn the breakout into a false break
ADP 13:15 UTC and ISM Services 15:00 UTC could materially shift this read
Asian range breakout, HH/HL chain from 48.95, first pullback forming.
Late Asia broke the 50.18 Asian range high and yesterday's 50.547 prior high, a ~2.9-dollar leg off the 48.95 low as USD was sold on the Democratic sweep. RSI(14) is near 79 and price is stalling under the 51.836 session high into London open, with the 51.565 pullback low holding so far.
Support: 51.565, 51.04, 50.547
Resistance: 51.836, 52.00, 52.32
What it said to watch
M15 close below the 51.565 pullback low opens a retracement toward the 51.04 breakout bar and the 50.73 fib 38.2
Loss of 50.547, yesterday's prior high, would turn the breakout into a false break
Close above the 51.836 session high puts the 52.00 round number and the 52.32-52.50 key zone in play
ADP at 13:15 UTC and ISM Services at 15:00 UTC could materially shift this read
V-reversal from 48.946 session low; HH/HL chain, prior high 50.547 cleared.
Silver ran about $2.90 off the 48.946 session low during the Asian session, cutting through the 50.00 round number and Tuesday's 50.547 prior high as USD sold off on the Democratic sweep of Congress. RSI(14) near 83 is stretched after the move, and the current bar is pausing just under the 51.836 session high ahead of the London open.
Support: 50.547, 50.00, 48.946
Resistance: 51.836, 52.32
What it said to watch
M15 close back below 50.547 prior high would mark the breakout as failing
Break of the rally trendline from the 04:00 UTC low ends the higher-low chain
Acceptance above 51.836 session high puts the 52.32 major cap zone in play
ADP at 13:15 UTC and ISM Services at 15:00 UTC could materially shift this read
Range break above prior-day high; HH/HL chain from the Asia low.
A late-Asia squeeze lifted silver from the 48.946 Asia low to a 51.549 session high in about two hours. The move cleared the prior high at 50.547 as USD sold off on the Democrats' midterm sweep. RSI(14) is near 81 and ATR(14) is around 325 pips, so London open inherits a stretched, near-vertical leg.
Support: 50.547, 50.00, 48.946
Resistance: 51.549, 52.32
What it said to watch
Pullbacks holding the prior high at 50.547, which sits at the 38.2% fib, keep the range break intact
A return below the 50.00 round number back into the old range would mark a false break
Rejection at the 51.549 session high with RSI rolling over from overbought would signal exhaustion; above it, the 52.32 major cap is the next reference
ADP at 13:15 UTC and ISM Services at 15:00 UTC could materially shift this read
06:04 UTC
Sharp uptrend, overbought · RSI 80 · price 51.246
Vertical late-Asia squeeze above prior highs, no pullback yet.
Late Asia squeezed silver about 2,300 pips off the 48.946 session low, through the early asian high at 50.178 and yesterday's NY prior high at 50.547, as USD slid on the Democratic midterm sweep. RSI(14) is near 80 and price is pressing the 51.246 session high into London open with no retest of the breakout so far.
Support: 50.547, 50.178, 50.00
Resistance: 51.246, 52.32
What it said to watch
Holding above the 50.547 prior high keeps the breakout intact. A return below the 50.178 asian high would mark a false break.
The 50.00 round number sits near the 50% retracement of the squeeze fib. A break of the rally trendline would expose that level.
The 52.32 major cap is the next marked resistance if the session high gives way.
ADP at 13:15 UTC and ISM Services at 15:00 UTC could materially shift this read.
Late-Asia breakout above prior high, higher-low chain from 48.946.
Late in the Asia session, silver ran from the 48.946 session low to a 50.757 session high, clearing the overnight 50.178 spike high and yesterday's 50.547 prior high as USD softened after the Democrats took the House. The rally carries a clean higher-low chain along a rising Asia trendline; RSI(14) near 74 is hot but not extreme, with ATR around 294 pips.
Support: 50.547, 50.178, 50.00
Resistance: 50.757, 51.00
What it said to watch
An M15 close back below the 50.547 prior high would turn the breakout into a false break
Loss of the 50.178 spike high and 50.00 round number exposes the 38.2% Asia rally fib near 50.07, then the 50% near 49.85
The 50.757 session high and the 51.00 round number are the next caps into the London open
A break of the rising Asia trendline would end the higher-low chain
ADP at 13:15 UTC and ISM Services at 15:00 UTC could materially shift this read
05:32 UTC
Intraday uptrend off the Asian low, momentum firm · RSI 64 · price 50.201
HH/HL chain from 48.946, pushing above the Asian range high.
Silver bounced from the 48.946 Asian low and built a HH/HL chain. Late in the Asia session it is pressing through the 50.178 Asian high to a 50.277 session high, as USD slips on the Democratic House win. RSI(14) near 64 is not stretched, and Tuesday's 50.547 prior high from the NY spike is the next overhead reference.
Support: 50.178, 49.677, 49.222
Resistance: 50.277, 50.547
What it said to watch
M15 close back below the 50.178 Asian high would mark this as a false break
Loss of the 49.677 swing low, or the 49.222 higher low and rising support line, breaks the HH/HL chain
Acceptance above the 50.547 prior high clears Tuesday's NY spike top
A deeper pullback brings the fib retracement into view: 50% near 49.61, 61.8% near 49.45
ADP at 13:15 UTC and ISM Services at 15:00 UTC can materially shift this read; London open comes first
05:17 UTC
Choppy, rebounding inside wide Asian range · RSI 51 · price 49.681
Asian range 48.95–50.18; higher lows from 48.95, lower high at 49.93.
The House result and softer USD whipsawed the Asia session, with a spike to the asian high at 50.18 sold to the asian low at 48.95. Higher lows off the base lows at 49.14 carried price back to 49.93, where a rejection left a lower swing high, and it is now holding above the 49.47 rally base with RSI(14) neutral near 51.
Support: 49.47, 49.14, 48.95
Resistance: 49.93, 50.18, 50.55
What it said to watch
Failure to hold the 49.47 rally base (38.2% of the rebound fib) puts the base lows at 49.14 back in play
A break of the higher-lows trendline and the 48.95 asian low exposes Tuesday's 48.60 low
M15 close above the 49.93 swing high reopens the 50.18 asian high, then the 50.55 prior high
ADP at 13:15 UTC and ISM Services at 15:00 UTC could materially shift this read; London open is the next session test
05:03 UTC
Asia rebound inside a wide session range · RSI 54 · price 49.859
Higher lows from 48.946, testing 49.93 below the Asia high.
Early midterm tallies knocked USD lower, and Asia spiked to the 50.178 Asia high before a sharp rejection. Price then slid to a 48.946 session low, still above Tuesday's London low at 48.599. Higher lows at 49.142 and 49.222 led to a 34c breakout through 49.474, and late-Asia price is now pressing the 49.929 bounce high.
Support: 49.474, 49.142, 48.946
Resistance: 49.929, 50.178, 50.547
What it said to watch
M15 close back below the 49.474 breakout level negates the rebound leg
Break of the 49.142 higher low breaks bounce support and reopens the 48.946 session low
Stall below the 50.178 Asia high leaves a lower high under Tuesday's 50.547 prior high
Senate race calls and ADP at 13:15 UTC (f/c 69K) could materially shift this read
Higher lows off 48.95 inside Asian range 48.95–50.18.
Asia session spiked to the 50.18 asian high as early midterm tallies knocked USD, then saw rejection there and a full reversal to a 48.95 asian low. Buyers stepped in at that low and price has printed a 49.22 higher low, back above the 38.2% fib and now probing the 50% fib at 49.56. Price sits above EMA20 but below EMA50.
Support: 49.42, 49.22, 48.95
Resistance: 49.56, 49.71, 50.18
What it said to watch
M15 close above the 61.8% fib at 49.71 opens a retest of the 50.18 asian high and the 50.00 round number
Loss of the 49.22 higher low and the 38.2% fib at 49.42 puts the 48.95 asian low back in play
London open in ~3h and further Senate race calls could reprice USD and break the Asian range
ADP 13:15 UTC and ISM Services 15:00 UTC could materially shift this read
04:31 UTC
Intraday down after Asian spike rejection · RSI 38 · price 49.246
Lower highs off 50.18, compressing 49.14–49.46 late Asia.
Early midterm tallies knocked USD and briefly lifted silver to a 50.18 Asian high, but the spike was rejected and unwound to a 48.95 Asian low within about 90 minutes. Price is now compressing late in the Asia session between the 49.14 micro low and the 49.46 lower high, which capped the bounce near the 38.2% retracement, with RSI(14) at about 38.
Support: 49.145, 48.946, 48.599
Resistance: 49.458, 50.00, 50.178
What it said to watch
A break of the 49.14 micro low exposes the 48.95 Asian low; failure there brings the 48.60 prior low (yearly-low zone) into play
An M15 close above the 49.46 lower high and the lower-highs trendline opens the 50.00 round number, then the 50.18 Asian high
Senate race calls into the London open, then ADP at 13:15 UTC and ISM Services at 15:00 UTC, could materially shift this read
Lower highs from 50.18, higher low at 49.14, testing 38.2%.
Asia session spiked to the 50.18 asia high on early midterm USD weakness, then reversed to the 48.95 session low within 90 minutes, still above yesterday's 48.60 prior low from London. Price is basing on a 49.14 higher low and pressing the 38.2% retrace of the asia spike near 49.42, below both EMAs with RSI(14) near 43.
Support: 49.14, 48.946, 48.599
Resistance: 49.46, 49.72, 50.178
What it said to watch
M15 close above the 49.46 bounce high, then the 49.72 lower high near the 61.8% retrace, breaks the post-spike lower-high sequence
Failure to hold the 49.14 higher low reopens the 48.95 session low, then the 48.60 prior low
Further midterm race calls overnight, then ADP at 13:15 UTC and ISM Services at 15:00 UTC, could materially shift this read
Asia spike rejected; lower highs capping a 49.15–49.34 band.
Asia session spiked to a 50.178 session high on early midterm tallies, then reversed hard. The Asia drop tagged the 48.946 asia low, where a long lower wick formed, and price is now compressing under a 49.34 micro cap with lower highs intact. Late Asia ahead of London, RSI(14) sits near 38 and ATR is about 250 pips.
Support: 48.946, 48.599
Resistance: 49.337, 50.178
What it said to watch
M15 close above the 49.34 micro cap breaks the lower-highs sequence and puts the 50.178 session high back in view
Acceptance below the 48.946 asia low exposes Tuesday's 48.599 prior low
Midterm Senate calls overnight and ADP at 13:15 UTC could materially shift this read
ISM Services at 15:00 UTC could also materially shift this read
03:47 UTC
Downtrend, consolidating after Asia sell-off · RSI 37 · price 49.217
Lower highs from 50.547; Asia low 48.946 holding above prior low 48.599.
Asia session spiked to a 50.178 session high as USD slipped on early midterm tallies, then was rejected and broke through the 49.37 broken low to a 48.946 session low. Price is basing near 49.20 with RSI(14) ~37; the lower-highs sequence from yesterday's 50.547 NY peak is intact, with the 48.599 prior low below.
Support: 48.946, 48.599
Resistance: 49.373, 50.178
What it said to watch
M15 close back above the 49.37 broken low opens the 50% fib of the Asia drop near 49.56
Failure to hold the 48.946 session low exposes the 48.599 prior low
Break above the lower-highs trendline near the 50.178 session high ends the sequence
ADP 13:15 UTC and ISM Services 15:00 UTC could materially shift this read
03:32 UTC
Intraday downtrend after failed Asia spike · RSI 35 · price 49.282
Lower highs off 50.18 Asian high; long-wick rejection at 48.95 low, holding under 49.38.
Asia spiked from the 49.38 NY low to a 50.18 Asian high as early Democratic-leaning midterm tallies hit the USD. The move above 50.00 fully reversed in a lower-high sequence to a 48.95 Asian low, where a long-wicked bar was rejected back to 49.28. Price sits below EMA20 and EMA50 with RSI(14) near 35. The former NY low at 49.38 now caps the bounce, and the fib 50% of the drop sits at 49.56.
Support: 48.946, 48.599
Resistance: 49.38, 49.562, 50.178
What it said to watch
M15 close below the 48.95 Asian low exposes yesterday's London prior low at 48.60
Reclaim of the 49.38 NY low and the fib 50% at 49.56 undercuts the lower-high sequence
Senate calls in the midterm count can repeat the violent two-way spike seen earlier toward the 50.18 Asian high
ADP (13:15 UTC) and ISM Services (15:00 UTC) later today could materially shift this read
Lower highs since Asia spike; long-wick rejection at 48.946.
Asia session spiked to the 50.178 asia high as early midterm tallies knocked USD. That move fully reversed into a lower-high sequence down to the 48.946 asia low, where a long-wick rejection pulled price back to 49.29. Price sits below EMA20/50 with RSI(14) near 34, capped so far beneath the old ny low at 49.372.
Support: 48.946, 48.599
Resistance: 49.372, 49.562, 50.178
What it said to watch
M15 close above 49.372 ny low, then the 49.562 fib 50%, would break the Asia lower-high chain
Failure to hold the 48.946 asia low exposes Tuesday's 48.599 prior low
Midterm result headlines can still swing USD during the remaining Asian range
ADP at 13:15 UTC and ISM Services at 15:00 UTC could materially shift this read
03:03 UTC
Intraday downtrend, sharp leg lower in Asia · RSI 33 · price 49.132
Lower highs from 50.18 Asian high; Asian range low broken.
Asia spiked to the 50.18 Asian high as early midterm tallies knocked USD lower, then rejected hard. That reversal broke the 49.37 Asian low and has price testing the 49.15 swing low, with RSI(14) near 33. The 78.6% fib of yesterday's 48.60–50.55 rally sits at 49.02, just above the 49.00 round number.
Support: 49.15, 49.00, 48.60
Resistance: 49.37, 50.18
What it said to watch
M15 close back above the 49.37 Asian low would mark the break as a false break
Acceptance below the 49.00 round number and 78.6% fib exposes the 48.60 day low
Falling trendline from 50.55 through the 50.18 Asian high caps the lower-high sequence
ADP 13:15 UTC and ISM Services 15:00 UTC, plus overnight midterm calls, could materially shift this read
Failed Asia spike, fresh session low below Tuesday's late range.
Asia session spiked to a 50.178 session high as early midterm tallies hit the USD, but the move was rejected. The Asia sell-off has since unwound about 1,000 pips to a 49.177 session low, cutting through the 49.37–49.39 broken low from Tuesday's late range. RSI(14) at 37 is not stretched, and lower highs from Tuesday's 50.547 peak remain intact.
Support: 49.177, 49.00, 48.599
Resistance: 49.39, 49.678, 50.178
What it said to watch
Hold of the 49.177 session low vs a slide toward the 49.00 round number
Loss of 49.00 exposes Tuesday's 48.599 prior low
M15 close back above the 49.39 broken low would neutralise the range break; the fib 50% at 49.678 caps the Asia sell-off retrace
Break above the 50.178 session high invalidates the lower highs sequence
Further midterm headlines, then ADP (13:15 UTC) and ISM Services (15:00 UTC), could materially shift this read
Lower highs from 50.547; 49.37 double low broken to a fresh session low.
The Asian spike to the 50.178 asia high on midterm-driven USD selling was fully rejected. Price has cut through the 49.37 double low, now the broken low, to a session low at 49.25, with RSI(14) at 34. Yesterday's 50.547 NY high and the Asian high form a lower-highs sequence, with the 49.00 round number and the 48.60 london low below.
Support: 49.00, 48.599
Resistance: 49.373, 50.178
What it said to watch
M15 close back above the 49.37 broken low would turn the range break into a false break
Failure at the 49.00 round number exposes the 48.60 london low from yesterday's London session
Recovery through the 61.8% of the Asia spike fib (~49.82) and the lower highs line reopens the 50.18 asia high
Midterm headlines through Asia, then ADP 13:15 UTC and ISM Services 15:00 UTC, could materially shift this read
Asian range 49.37–50.18, price back at range floor.
Asia session spiked to the 50.18 session high on early midterm USD weakness. The move was fully rejected, and price is back at the 49.37 session low, which also held Tuesday's late-NY dip. Lower highs from Tuesday's 50.55 prior high keep the falling trendline intact, with RSI(14) near 39 and price under both EMAs.
Support: 49.373, 49.00, 48.599
Resistance: 49.938, 50.178, 50.547
What it said to watch
M15 close below the 49.37 session low breaks the Asian range and exposes the 49.00 round number, then the 48.60 swing low
Recovery above the 49.94 swing high returns focus to the 50.18 session high and the lower-highs trendline
Midterm race calls through Asia, then ADP (13:15 UTC) and ISM Services (15:00 UTC), could materially shift this read
02:04 UTC
Choppy range after failed Asia spike · RSI 47 · price 49.689
Lower highs from 50.55, double low holding 49.37.
Early Asia session spiked to a 50.18 session high as initial midterm tallies knocked USD below 101.50. The move was rejected and fully retraced to 49.67, leaving price mid-range under both EMAs with RSI(14) near 47. Demand has held the 49.37 double low twice, close to the 61.8% fib of yesterday's 48.60–50.55 rally, while the lower highs line from 50.55 caps rallies.
Support: 49.53, 49.37, 48.60
Resistance: 49.94, 50.18, 50.55
What it said to watch
M15 close below the 49.37 double low breaks the range floor and exposes the 48.60 prior low
Hold of the 49.53 swing low keeps the Asian range intact
Acceptance above the 49.94 swing high and the 50.18 session high clears the lower highs line toward the 50.55 prior high
Midterm result headlines through Asia can swing USD and the range edges
ADP at 13:15 UTC and ISM Services at 15:00 UTC are the next scheduled volatility risk
01:46 UTC
Choppy range after NY spike, no clean direction · RSI 52 · price 49.851
Asian range 49.37–50.18; double bottom at 49.37, rejection off session high.
Mid-Asia, silver held a double bottom at 49.37 and then spiked to the 50.18 Asian high as midterm results landed. That spike was rejected, and price is now retracing the move near 49.85, with the Asian spike fib 50% at 49.78. The 49.615 Asian pivot is the next floor; the NY high at 50.55 still caps Tuesday's swing range.
Support: 49.615, 49.373
Resistance: 50.178, 50.547
What it said to watch
M15 close above the 50.18 Asian high reopens the 50.55 NY high
Loss of the 49.615 Asian pivot leaves the 49.37 double bottom exposed
Close below 49.37 voids the double bottom and resumes the lower-low sequence
Senate race calls through Asia, then ADP at 13:15 UTC and ISM Services at 15:00 UTC, could materially shift this read
Double low at 49.37 then break of Asian range high.
Asia session printed a double low at 49.37–49.39, matching Tuesday's NY low. Price then spiked through the asian high at 49.938 and the 50.00 round number as midterm results landed, reclaiming the falling trendline from the prior high. The session high at 50.173 overshot the 61.8% fib of the 50.547–49.372 drop before supply pushed it back, and the current bar is retesting 49.91–50.00 with price above both EMAs and RSI(14) near 60.
Support: 50.00, 49.938, 49.373
Resistance: 50.173, 50.547
What it said to watch
M15 close back below the 49.938 asian high and the falling trendline would mark the breakout as a false break
Close above the 50.173 session high clears the 61.8% fib and opens the path to the 50.547 prior high
Failure to hold the 49.373 double low resumes the lower-low sequence
ADP (13:15 UTC) and ISM Services (15:00 UTC) could materially shift this read, alongside ongoing Senate race calls
Lower highs from 50.55 compressing into flat lows near 49.37.
Silver is boxed between the 49.37 range low and the 49.94 asian high, after the JOLTS beat knocked it off the 50.55 ny high during NY hours. The range low has drawn rejection three times, twice in an Asia session whipsawed by midterm headlines, holding just above the 61.8% level of the rally fib. RSI(14) sits near 54 with price marginally back above EMA20 and EMA50.
Support: 49.37, 49.00
Resistance: 49.94, 50.55
What it said to watch
M15 close below the 49.37 range low exposes the 49.00 psych level
M15 close above the 49.94 asian high breaks the lower-high sequence off the 50.55 ny high
Midterm Senate calls through Asia and ADP at 13:15 UTC could materially shift this read
01:04 UTC
Sideways after a faded rally, lower highs · RSI 49 · price 49.642
Range 49.39–49.94 within the retrace of the 48.60–50.55 rally.
Tuesday's NY-open rally from 48.60 to the 50.55 rally high faded once the JOLTS beat firmed hike bets. Silver has since compressed between the 49.39 swing low and the 49.94 Asian high. In early Asia, swings on midterm headlines rejected 49.94 and retested 49.39, close to the 61.8% of the rally fib. Price is pinned on EMA20/50 with RSI(14) neutral near 49.
Support: 49.39, 49.00
Resistance: 49.94, 50.55
What it said to watch
M15 close below the 49.39 swing low breaks the range and exposes the 49.00 psych level
Close above the 49.94 Asian high and 50.00 breaks the lower-highs line and reopens the 50.55 rally high
Midterm race calls through Asia, ADP at 13:15 UTC and ISM Services at 15:00 UTC could materially shift this read
00:32 UTC
Sideways after failed NY rally, lower highs capping · RSI 48 · price 49.597
Compressing range 49.37–49.95, rising lows beneath a flat top.
The NY rally off the 48.60 day low topped at the 50.55 ny high, then the JOLTS and Factory Orders beats extended the fade. Price now holds near the 50% retrace of that rally in an early Asia range of 49.53–49.94, after a rejection at the asia high just under the prior 49.95 lower high. Rising lows from the 49.37 ny low are intact and RSI(14) is neutral near 48, with price below both EMAs.
Support: 49.533, 49.372
Resistance: 49.938, 50.00, 50.547
What it said to watch
M15 close below 49.53 asia low breaks the rising lows and exposes the 49.37 ny low near the 61.8% fib
Close above 49.94 asia high clears the lower-high sequence and puts 50.00 psych back in play, with the 50.55 ny high beyond
Midterm Senate call overnight, then ADP 13:15 UTC and ISM Services 15:00 UTC, could materially shift this read
Lower highs from 50.55; rising lows 49.37 → 49.61.
Early Asia session after the daily reopen. Silver is holding 49.61–49.94, keeping the rising lows off the 49.37 NY swing low, which held near the 61.8% retrace of the 48.60 day low to 50.55 rally high move; that move faded after the JOLTS beat. Price is now retesting the 49.94–49.96 lower-high zone, RSI(14) near 60, with both EMAs below price.
Support: 49.613, 49.372, 48.599
Resistance: 49.938, 50.00, 50.547
What it said to watch
M15 close above the 49.94 session high and the 49.96 lower high breaks the sequence from 50.55 and brings the 50.00 round number into play
Failure to hold the 49.61 session low breaks the rising lows and reopens the 49.37 swing low
Midterm results overnight, then ADP 13:15 UTC and ISM Services 15:00 UTC, could materially shift this read