Lower highs and lower lows; NY low swept and reclaimed.
The Asia-session high at 53.453 gave way to lower highs as USD firmed on strong claims and hawkish Fed talk, and the NY-hours slide set the 51.574 ny low. The new-day Asia open swept that low to 51.239 and reclaimed it. Price holds below EMA20/50 with RSI(14) near 41, and the 38.2% fib of the 52.986–51.239 drop sits just under the 52.00 round number.
Support: 51.574, 51.239
Resistance: 52.00, 52.166, 52.614
What it said to watch
M15 close back below the 51.574 ny low turns the sweep into a fresh leg toward the 51.239 sweep low
Close above the 52.00 round number and 52.166 swing high brings the lower-highs trendline near 52.25 into play
A break of the 52.614 lower high invalidates the intraday downtrend read
Fed's Williams at 09:30 UTC and NFP at 13:30 UTC Fri (f/c 65K) could materially shift this read
Lower highs and lower lows since the 53.45 Asia peak; early-Asia sweep below the NY low.
Silver faded from 53.45 as USD and yields firmed, and the NY-hours break of 52.00 extended to a 51.239 session low in early Asia. That bar's long lower wick swept back above the 51.574 ny swing low. RSI(14) sits near 33 with price below both EMAs, while the late ny high at 51.883 lines up with the 38.2% fib just above.
Support: 51.574, 51.239
Resistance: 51.883, 52.00, 52.166
What it said to watch
M15 close above 51.883 late ny high and the 38.2% fib eases the lower-low sequence; 52.000 round number and the 52.166 lower high sit next
Failure to hold 51.574 ny swing low reopens the 51.239 session low
A move through the lower highs trendline would break the downtrend read
Fed's Williams at 09:30 UTC and NFP at 13:30 UTC (f/c 65K) could materially shift this read
23:17 UTC
Downtrend, lower highs since NY · RSI 30 · price 51.40
Lower highs and lower lows; Asia open broke the NY low.
Silver faded from the 53.45 Asia high as USD and yields recovered, and the NY sell-off took out the 52.00 pivot. The bounce from the 51.574 NY low was capped at 52.986, and a falling lower-high trendline held through late NY. The first bars of the new Asia session extended below the NY low to a 51.393 session low, with RSI(14) near 30 and ATR around 270 pips.
Support: 51.393, 51.00
Resistance: 51.574, 52.00, 52.614
What it said to watch
Holding below the broken 51.574 NY low keeps the lower-low chain intact; reclaiming it marks the break as a false break
Failure to hold the 51.393 session low exposes the 51.00 round number
Close back above the 52.00 pivot and the 52.614 lower high would end the intraday downtrend read
Fed's Williams at 09:30 UTC and NFP at 13:30 UTC (f/c 65K) could materially shift this read
23:04 UTC
Downtrend, lower highs into the close · RSI 35 · price 51.797
Lower highs and lower lows since the 52.99 NY rebound high; 52.11–52.18 base broken.
Silver's Asian session rally to 53.45 failed. A flush during NY hours from 53.12 to the 51.57 NY low came as USD and yields recovered. The rebound capped at 52.99 and has since printed lower highs (52.61 swing high, 52.17 lower high), breaking the 52.11–52.18 base to a 51.62 late low, with RSI(14) near 35 and no oversold reading.
Support: 51.622, 51.574
Resistance: 52.166, 52.614
What it said to watch
An M15 close below the 51.62 late low and 51.57 NY low extends the lower-low sequence
An M15 close back above the 52.17 lower high reclaims the broken base and neutralises the fade
A move above the 52.61 swing high breaks the lower-highs trendline and fade fib structure
Fed's Williams at 09:30 UTC and NFP at 13:30 UTC (f/c 65K) could materially shift this read
Daily trading break follows this bar; thin liquidity around the reopen
22:47 UTC
Downtrend, lower highs since NY open · RSI 34 · price 51.797
Lower highs from 52.99, price pressing NY session lows into the close.
Silver was rejected at 53.12 at the NY open as USD firmed after the jobless claims beat, falling to a 51.57 NY low. Rebounds have since stalled at successively lower highs, the 52.99 swing high and then the 52.61 lower high. Late NY slipped through the 52.11 breakdown level and price is holding just above the 51.62 late low. RSI(14) is near 34.
Support: 51.622, 51.574
Resistance: 52.11, 52.614, 52.986
What it said to watch
A close below the 51.57 NY low extends the lower-low sequence
Recovery back above the 52.11 breakdown level, then the 52.61 lower high, breaks the lower-highs trendline read
The 52.99 swing high caps the post-NY rebound range
Fed's Williams (09:30 UTC) and NFP (13:30 UTC, f/c 65K) could materially shift this read
22:32 UTC
Downtrend, lower highs since the NY rejection · RSI 34 · price 51.797
Lower highs from 52.99, base forming at the 51.57–51.62 lows.
Silver faded from the 53.45 Asia session high and broke lower in NY as USD and yields recovered, printing a 51.57 NY low. A rejection at 52.99 started a chain of lower highs. Late-NY selling stalled at a 51.62 swing low, and price is basing just under the 52.00 round number with RSI(14) near 34.
Support: 51.622, 51.574
Resistance: 52.00, 52.166, 52.614
What it said to watch
Loss of the 51.62 swing low and 51.57 NY low confirms a fresh lower low; holding them keeps the base intact
A close back above the 52.00 round number and the 52.17 swing high breaks the lower-high sequence
52.61 lower high sits at the 61.8% of the fade from 52.99, where the lower-highs trendline caps rallies
Fed's Williams (09:30 UTC) and NFP Fri 13:30 UTC (f/c 65K) could materially shift this read
Lower highs since 53.12 NY spike; double low 51.57/51.62.
Silver reversed sharply from 53.12 at the NY open as USD and yields recovered. The late NY leg then printed lower highs at 52.99, 52.61 and 52.17, and price now sits below the asian low and both EMAs. After the NY close it is compressing in a 51.69–51.88 band just above the 51.57–51.62 session low zone, with RSI(14) near 34 and not yet oversold.
Support: 51.622, 51.574
Resistance: 52.00, 52.203, 52.614
What it said to watch
A close below the 51.574 session low extends the lower-low sequence beyond the late NY low
Reclaiming the 52.00 round number and the 52.203 asian low would break the lower-highs trendline read, with the late NY leg fib 50% near 52.30 above
A move above the 52.614 lower high invalidates the intraday downtrend structure
Fed's Williams at 09:30 UTC and NFP (f/c 65K) at 13:30 UTC could materially shift this read; ATR near 260 pips implies wide intraday swings
22:06 UTC
Downtrend, lower highs through NY · RSI 35 · price 51.797
Lower highs 52.99/52.61/52.17, compressing above the 51.57 NY low.
NY session reversed a false break above the London range high, falling from 53.12 to the 51.57 NY low as USD and yields recovered. The rebound stalled at a 52.99 swing high, and price has since printed lower highs along a descending trendline. Price is now grinding near the 51.62 late low into the daily close, with RSI(14) near 35 and price below both EMAs.
Support: 51.622, 51.574
Resistance: 52.00, 52.166, 52.465
What it said to watch
Close above the 52.17 lower high breaks the lower-high sequence; the descending trendline off 52.99 (~52.37) and the fib 61.8% of the 52.99–51.62 drop at 52.47 sit just above
Loss of the 51.62 late low and the 51.57 NY low confirms a lower low below the NY range
The 52.00 round number capped the 20:45 UTC bounce; a hold back above it would be the first sign of the drop stalling
Fed's Williams (09:30 UTC) and Friday NFP (13:30 UTC, f/c 65K) could materially shift this read
21:47 UTC
Intraday downtrend, lower highs since NY open · RSI 33 · price 51.715
Below Asian range; lower highs pressing day low.
Silver faded from the 53.45 Asian session high. The NY session broke the Asian range as the USD recovered on firmer claims, and the 52.99 rebound high started a falling sequence of lower highs. Late in NY hours price is holding just above the 51.62 late low and the 51.57 day low, with RSI(14) near 33, soft but not oversold.
Support: 51.62, 51.574
Resistance: 52.00, 52.20, 52.614
What it said to watch
Close back above the 52.00 round number, then the 52.20 Asian low, would break the lower-high chain
Loss of the 51.57 day low extends the lower-low sequence
Break of the lower-highs line through 52.61 invalidates the intraday downtrend read
Fed's Williams (09:30 UTC) and NFP (13:30 UTC Fri) could materially shift this read
21:32 UTC
Downtrend, lower highs through NY · RSI 36 · price 51.823
Lower-high chain since the 52.99 rebound high; price testing the NY session low zone.
Silver gave back the Asia push to 53.45. The 13:30 UTC claims beat sent it through the London low, and the NY session low printed at 51.574. Since the 52.99 rebound, NY has carved a lower high at 52.61 and a swing high at 52.17, and late trade is sitting on the 51.62 late low with RSI(14) near 36 and price below both EMAs.
Support: 51.622, 51.574
Resistance: 52.00, 52.166, 52.614
What it said to watch
A close below the 51.574 session low extends the lower-low sequence.
The round number at 52.000 caps the first rebound. A move back above the 52.166 swing high and the 38.2% fib breaks the lower-high chain.
Recovery through the 52.614 lower high neutralises the NY downtrend read.
Fed's Williams (09:30 UTC) and NFP Fri 13:30 UTC (f/c 65K, AHE 0.3%) could materially shift this read.
21:17 UTC
Downtrend, lower highs since NY rebound · RSI 36 · price 51.808
Lower highs from 52.99 pressing back into the 51.57–51.62 NY lows.
Silver faded from the 53.45 Asian high as the USD firmed, and the NY session flush to the 51.57 NY low bounced to a 52.99 rebound high. Since then, a lower high at 52.61 and rejection under the 52.00 round number have pulled price back to the 51.62 swing low late in NY. RSI(14) is around 36, not oversold, with ATR near 280 pips.
Support: 51.622, 51.574
Resistance: 52.00, 52.614, 52.986
What it said to watch
A close below the 51.57 NY low extends the lower-low sequence
A recovery above the 52.00 round number and the 52.61 lower high breaks the down-sequence; 52.99 rebound high caps beyond
Fed's Williams at 09:30 UTC and NFP at 13:30 UTC Fri (f/c 65K) could materially shift this read
21:03 UTC
Intraday downtrend, lower highs since NY open · RSI 40 · price 51.909
Asian range low broken in NY; lower highs 53.12 → 52.99 → 52.61.
NY broke below the Asian range low at 52.37 after a rejection from the 53.12 spike, printing a 51.57 session low as USD firmed on the claims beat and hawkish Fed talk. The 52.99 rebound high failed, and a 52.61 lower high has pushed price back under the 52.00 round number toward the 51.81 late low after NY close, with RSI(14) near 40.
Support: 51.814, 51.574
Resistance: 52.00, 52.614, 52.986
What it said to watch
An M15 close back above the 52.00 round number and the 52.61 lower high breaks the lower-high chain
Failure to hold the 51.81 late low exposes the 51.57 session low; a break there extends the NY lower-low sequence
A move back above the 52.99 rebound high would neutralise the intraday downtrend read
Fed's Williams (Fri 09:30 UTC) and NFP/AHE (Fri 13:30 UTC) could materially shift this read
20:32 UTC
Intraday downtrend, lower highs since NY rebound · RSI 36 · price 51.951
Lower highs below 52.986; 52.13–52.56 late-NY range broken lower.
After the Asia session peak at 53.453, the NY session flushed from 53.12 to a 51.574 NY low as USD and yields firmed on strong labour data. The rebound stalled at the 52.986 rebound high, and lower highs since then pushed price under the 52.13 broken base and the 52.00 pivot late in NY, with RSI(14) near 36 and price now testing the 51.92 swing low.
Support: 51.92, 51.574
Resistance: 52.13, 52.614, 52.986
What it said to watch
An M15 close back above the 52.13 broken base negates the range break
Failure to hold the 51.92 swing low exposes the 51.574 NY low
A close above the 52.614 lower high breaks the lower-high trendline
Fed's Williams (09:30 UTC) and NFP (13:30 UTC Fri, f/c 65K) could materially shift this read
Lower highs from 53.453; late-NY compression in 52.115–52.614.
The Asian high at 53.453 set the day's cap. NY rejected 53.12 as USD recovered on the claims beat, swept down to the 51.574 NY low and rebounded only to a 52.986 lower high. Late NY is compressing in a 52.115–52.614 range below EMA20/50, with the swing low sitting on the 61.8% of the rebound fib.
Support: 52.115, 51.574
Resistance: 52.614, 52.986, 53.453
What it said to watch
M15 close below the 52.115 swing low breaks the range and the 61.8% rebound fib, exposing the 51.574 NY low
M15 close above the 52.614 range high breaks the lower-high trendline and puts the 52.986 lower high back in play
Fed's Williams at 09:30 UTC and NFP at 13:30 UTC Friday could materially shift this read
20:04 UTC
Post-spike chop, lower highs from day high · RSI 48 · price 52.479
Late-NY range 52.13–52.61 inside a series of lower highs.
The Asia-session spike to the 53.453 day high has given way to lower highs. The NY open drop swept to the 51.574 NY low before a V-rebound to a 52.986 lower high. Late NY is now compressing between the 52.134 swing low (near the 61.8% rebound fib) and the 52.614 range top, with RSI(14) flat at 48 as a firmer USD caps the bounce.
Support: 52.134, 51.574
Resistance: 52.614, 52.986, 53.453
What it said to watch
M15 close above the 52.614 range top reopens the 52.986 lower high and the descending lower-high line
Failure to hold the 52.134 swing low exposes the 51.574 NY low
Fed's Williams at 09:30 UTC and NFP at 13:30 UTC Fri could materially shift this read
19:47 UTC
Range after NY flush, recovering off lows · RSI 52 · price 52.569
52.13–52.60 range below 52.99 swing high.
Silver faded from the 53.45 Asia high and broke down in the 14:30 UTC bar as USD and yields recovered, flushing to a 51.57 session low before rebounding to a 52.99 swing high, where it met rejection. Late NY is holding a 52.13–52.60 range, with the ny base sitting on the 61.8% of the rebound fib and price testing the range top, RSI(14) neutral near 52.
Support: 52.13, 51.574
Resistance: 52.60, 52.986, 53.453
What it said to watch
M15 close above 52.60 range top opens a retest of the 52.99 swing high
Failure to hold 52.13 ny base (61.8% rebound fib) exposes the 51.57 session low
Asia high 53.45 caps the session; reclaiming it would change the read
Fed's Williams (09:30 UTC) and NFP (13:30 UTC Fri, f/c 65K) could materially shift this read
19:32 UTC
Two-way after NY whipsaw, lower highs since 52.99 · RSI 46 · price 52.192
Compressing in a 52.18–52.52 range late NY, base under test.
The Asia squeeze to 53.45 faded, and the NY-open spike above the London high to 53.12 was a false break that unwound to a 51.57 session low as USD firmed on the claims beat. The rebound high at 52.99 held, and late NY price has compressed between the range base at 52.18 and the range top at 52.52, inside the 38.2–61.8% rebound fib. The current bar is pressing the base, under EMA20/50.
Support: 52.18, 51.95, 51.574
Resistance: 52.52, 52.986, 53.122
What it said to watch
M15 close below the 52.18 range base exposes the 51.95 swing low and the 51.574 session low
Close above the 52.52 range top breaks the lower-highs line and reopens the 52.986 rebound high, then the 53.12 ny spike
Asia session range forming next; Fed Williams (09:30 UTC) and NFP (Fri 13:30 UTC) can override intraday structure
19:17 UTC
Two-way after NY sell-off, compressing · RSI 49 · price 52.45
Tight range 52.18–52.52 under a lower-highs line, late NY session.
Rejection at the 53.45 Asia high gave way to a NY-hours slide to a 51.57 session low as USD and yields recovered. The rebound stalled at 52.99, near the 0.91 level of the rebound fib, and price has since compressed in a 52.18 range floor to 52.52 range cap band. RSI(14) is near 49.
Support: 52.18, 51.95, 51.57
Resistance: 52.52, 52.99, 53.45
What it said to watch
M15 close above the 52.52 range cap breaks the lower-highs line and reopens the 52.99 rebound high
Failure to hold the 52.18 range floor exposes the 51.95 prior low and the 51.57 session low
Fed Williams at 09:30 UTC and US NFP at 13:30 UTC Friday could materially shift this read
19:04 UTC
Two-way after a NY flush, momentum flat · RSI 48 · price 52.344
Tight post-flush range under a lower high.
Rejection at the 53.122 NY high in the first hour of NY flushed silver to the 51.574 NY low as the USD firmed on the claims and productivity beats. The V-bounce stalled at a 52.986 lower high, under the 53.453 Asian high. Since then price has compressed between the 52.176 swing low and the 52.524 range top, holding near the 50% retracement of the bounce, with RSI(14) neutral around 48.
Support: 52.176, 52.00, 51.574
Resistance: 52.524, 52.986, 53.122
What it said to watch
M15 close below the 52.176 swing low and the 61.8% retracement near 52.11 puts the 52.00 round number and the 51.574 NY low back in play
Close above the 52.524 range top reopens the 52.986 lower high and the 53.122 NY high
Lower-high trendline from 53.122 caps the recovery while it holds
Fed's Williams (Fri 09:30 UTC) and the NFP release (Fri 13:30 UTC, f/c 65K, AHE 0.3%) could materially shift this read
Silver faded from the Asian high at 53.45 as USD firmed on claims and productivity. The first NY-cash-hour bar collapsed from the 53.12 spike high to 52.02. The session low at 51.57 then gave way to a recovery that stalled at a 52.99 lower high. Late NY, price is compressing between the 52.18 pullback low and the 52.52 range top near the 50% retrace of the recovery leg, with RSI(14) neutral around 52 and ATR(14) roughly 335 pips.
Support: 52.176, 51.574
Resistance: 52.524, 52.986, 53.122
What it said to watch
Close above the 52.52 range top reopens the 52.99 lower high and the lower-highs trendline
Reclaim of the 53.12 spike high breaks the lower-highs sequence
Failure to hold the 52.18 pullback low (near the 61.8% of the recovery leg) exposes 52.00 and the 51.57 session low
Fed's Williams (Fri 09:30 UTC) and NFP (Fri 13:30 UTC, f/c 65K) could materially shift this read
NY flush to 51.57 swept 52.00, rebound capped at a lower high 52.99, higher low at 52.18.
Silver spiked to the 53.12 NY high, then flushed through the 52.00 psych handle to a 51.57 session low as the USD firmed on strong claims and hawkish Fed talk. The rebound stalled at a 52.99 swing high and price is now compressing above a higher low at the 52.18 swing low, just over EMA20 with RSI(14) neutral near 52.
Support: 52.176, 52.00, 51.574
Resistance: 52.986, 53.122, 53.453
What it said to watch
A close below the 52.18 swing low exposes the 52.00 psych level and the 51.57 session low
A reclaim of the 52.99 swing high and the 53.12 NY high would break the lower-highs sequence; the Asia day high at 53.45 sits above
Fed's Williams (09:30 UTC Fri) and NFP (13:30 UTC Fri, f/c 65K) could materially shift this read
18:17 UTC
Two-way after NY reversal, drifting lower · RSI 48 · price 52.377
Lower high at 52.99 under 53.12 NY high; mid-range between 51.57 and 52.99.
Silver was rejected at the 53.12 NY high and dropped through 52.00 psych to a 51.57 NY low as the USD rebounded on strong claims and hawkish Fed talk. That break below 52.00 failed, and the bounce stalled at a 52.99 lower high, under the 53.45 Asia high. Late in the NY session price is retesting the 52.18 swing low near the 50–61.8% zone of the rebound fib, with RSI(14) neutral and ATR running wide.
Support: 52.18, 52.00, 51.574
Resistance: 52.986, 53.122, 53.453
What it said to watch
Failure to hold the 52.18 swing low exposes 52.00 psych and the 51.57 NY low
A close above the 52.99 lower high breaks the lower highs trendline and puts the 53.12 NY high back in focus
Fed's Williams (Fri 09:30 UTC) and NFP (Fri 13:30 UTC, f/c 65K) could materially shift this read
18:04 UTC
Two-way, lower highs since Asia · RSI 48 · price 52.294
Wide NY range 51.574–53.122, lower highs below Asian high.
Late NY session: silver whipsawed through a 51.574–53.122 range as the 189K claims print and hawkish Fed talk lifted the USD. The 53.122 spike high was rejected below the 53.453 Asian high, and a sweep of the 52.00 psych handle to the 51.574 NY low was reclaimed. The rebound to the 52.986 lower high has since faded to the 50% rebound fib near 52.28, sitting just above the 52.233 swing low with price under both EMAs.
Support: 52.233, 52.00, 51.574
Resistance: 52.986, 53.122, 53.453
What it said to watch
Break below the 52.233 swing low puts the 52.00 psych level and 51.574 NY low back in play
M15 close above the 52.986 lower high breaks the lower-highs trendline; 53.122 spike high sits above
53.453 Asian high caps the session range; acceptance above it voids the lower-highs read
Fed's Williams (Fri 09:30 UTC) and NFP (Fri 13:30 UTC) could materially shift this read
17:47 UTC
Volatile, lower highs since Asia · RSI 43 · price 52.292
NY flush to 51.57, V-bounce capped at 52.99, now fading.
NY session broke the London range low at 52.436 and flushed to a 51.574 day low as the USD recovered. The V-bounce was rejected at the 52.986 bounce high, a lower high under the 53.453 Asian high. Price has since retraced about 50% of that bounce into the 52.23 swing low after London close, below EMA20 with RSI(14) near 43.
Support: 52.233, 52.00, 51.574
Resistance: 52.986, 53.453
What it said to watch
Failure to hold the 52.233 swing low exposes the 52.00 round number and the 61.8% bounce fib near 52.11
M15 close above the 52.986 bounce high breaks the lower-highs trendline from the Asian high
Loss of the 51.574 day low confirms a lower-low
Fed's Williams (Fri 09:30 UTC) and NFP (Fri 13:30 UTC, f/c 65K) could materially shift this read; ATR(14) already elevated near 310 pips
17:32 UTC
Two-way NY whipsaw, fading off rebound high · RSI 46 · price 52.512
NY session V-recovery from 51.57 now forming lower highs below 53.12.
The post-claims NY spike to the 53.12 ny high cleared the London high and then failed. Price flushed through 52.00 to a 51.57 ny low before a V-shaped recovery to the 52.99 rebound high. Silver is now drifting back to 52.50 on the 38.2% fib, near the 52.46 swing low, with lower highs below the 53.45 asia high as USD and yields recover.
Support: 52.46, 52.00, 51.574
Resistance: 52.986, 53.122, 53.453
What it said to watch
M15 close below the 52.46 swing low and 38.2% fib exposes the 52.00 round number
Reclaim of the 52.99 rebound high breaks the lower-highs line toward the 53.12 ny high
Loss of 52.00 reopens the 51.57 ny low
Fed's Williams (Fri 09:30 UTC) and NFP (Fri 13:30 UTC) could materially shift this read
17:17 UTC
Two-way chop after NY flush, rebound stalling · RSI 48 · price 52.606
V-shaped recovery from 51.57 capped at 52.99; mid-range near EMAs.
The Asia rally to the 53.45 asian high faded into a 52.40–53.00 London range. The 14:00 UTC flush that followed the US claims and productivity data swept below the london low and the prior-day low to a 51.57 ny low as USD and yields firmed. The NY rebound met rejection at the 52.99 rebound hi, and price is back mid-range, hugging the EMAs with RSI(14) at 48.
Support: 52.40, 52.00, 51.574
Resistance: 52.986, 53.122, 53.453
What it said to watch
Failure to hold the 52.40 london low exposes the 52.00 psych level and the 51.57 ny low.
A close above the 52.99 rebound hi opens the 53.12 pre-drop hi, then the 53.45 asian high.
A slip below the 38.2% retracement of the NY rebound (~52.45) would put the V-recovery read in question.
ATR near 335 pips leaves wide swings likely after London close; Friday's NFP (13:30 UTC) is the next major catalyst.
17:03 UTC
Choppy, lower highs intact after NY whipsaw · RSI 50 · price 52.754
V-shaped rebound off NY low, capped below prior highs.
The Asia session rally topped at 53.453 (asia high), and London held a 52.44–52.91 range. In the first hours of NY, the USD and yields recovered after firm US claims and productivity data, and silver dropped from a 53.122 spike high to a 51.574 ny low before reclaiming the round number and rebounding to 52.986. The bounce high is now fading toward 52.75. The 53.453 / 53.122 / 52.986 sequence keeps the lower-high chain intact, with the 38.2% bounce fib at 52.447 sitting just under the 52.508 higher low.
Support: 52.508, 52.00, 51.574
Resistance: 52.986, 53.122, 53.453
What it said to watch
An M15 close above the 52.986 bounce high breaks the lower-high chain and brings the 53.122 spike high back into view.
Failure to hold the 52.508 higher low and the 52.447 bounce fib exposes the 52.00 round number, then the 51.574 ny low.
ATR near 320 pips after the NY whipsaw; ranges are likely to compress into the Asia session.
Fed's Williams (Fri 09:30 UTC) and US NFP/AHE (Fri 13:30 UTC) could materially shift this read; a print above ~100K tests the lower-high structure from below 53.50.
NY flush below the prior-day low reclaimed; price back inside the London range.
NY session saw a rejection at the 53.12 ny high as the USD firmed on the claims beat. Price then flushed $1.55 to the 51.57 ny low, sweeping the prior-day 51.78 low, and has since V-recovered to 52.55, back above the london low and testing the 61.8% of the ny drop fib. The asia high at 53.45 and the ny high at 53.12 still form lower highs; RSI(14) is neutral near 51 and ATR is elevated at roughly 380 pips.
Support: 52.44, 52.00, 51.574
Resistance: 52.91, 53.122, 53.453
What it said to watch
Holding above the 52.44 london low keeps the recovery intact. Failure there reopens the 52.00 psych level and the 51.57 ny low.
An M15 close above the 52.91 london high breaks the lower-highs line and exposes the 53.12 ny high and the 53.45 asia high.
Acceptance above the 61.8% of the ny drop fib (52.53) vs. a stall there decides whether the bounce extends or fades.
Fed's Williams (Fri 09:30 UTC) and NFP (Fri 13:30 UTC, f/c 65K) could materially shift this read.
Lower highs 53.45 → 53.12, lower low at 51.57 then reclaim.
The Asian session high at 53.45 faded, and the NY push to the 53.12 ny high was rejected after the firm claims print as the USD recovered. That drop swept the prior low at 51.77 into a 51.57 ny low. The snap-back to the 52.53 bounce high has retraced ~60% of the NY drop fib, with price back above EMA20 but below EMA50.
Support: 52.00, 51.769, 51.574
Resistance: 52.532, 52.913, 53.122
What it said to watch
M15 close above the 52.53 bounce high exposes the 52.91 london high
Failure to hold the 52.00 psych level reopens the 51.77 prior low and 51.57 ny low
Lower highs line near 53.12 caps the structure; a break above it voids the lower-highs read
Fed's Williams (Fri 09:30 UTC) ahead of NFP (13:30 UTC) could materially shift this read; ATR ~385 pips signals elevated swings
London range 52.44–53.03 broken lower in NY; lower highs since 14:30 UTC.
The Asia rally to 53.45 stalled, and London held a 52.44–53.03 range. The NY sell-off from the 53.12 ny high at 14:30 UTC broke through the london low as the USD and yields firmed after the 189K claims print. Price has printed lower highs since, and a dip to the 51.57 session low below the prior low was recovered to 51.97, just above the 51.92 swing low, with ATR(14) elevated near 350 pips.
Support: 51.921, 51.769, 51.574
Resistance: 52.296, 52.436, 53.122
What it said to watch
A close back below the 51.77 prior low reopens the 51.57 session low
A close above the 52.30 lower high breaks the lower-high chain; the 52.44 london low sits above, aligned with the 50–61.8% retrace of the NY sell-off
Fed's Williams (Fri 09:30 UTC) and NFP (Fri 13:30 UTC) could materially shift this read
16:03 UTC
Intraday downtrend, lower highs since the Asia peak · RSI 36 · price 51.745
London range (52.44–52.91) broken lower in NY, new session low below prior-day low.
Silver was rejected at 53.12 in the first hour of NY, below the 53.45 Asia high, and dropped about $1.10 through the London range low and the 52.00 psych level as USD and yields firmed after the 189K claims print. A lower high at 52.38 capped the bounce, and price has since slipped under yesterday's 51.77 prior low to a 51.574 session low. RSI(14) at 36 is not stretched.
Support: 51.574, 51.50
Resistance: 51.769, 52.00, 52.378
What it said to watch
M15 close back above the 51.77 prior low turns the break into a false break
Recovery through the 52.00 psych level and the 52.38 lower high negates the lower-highs trendline
Failure to hold the 51.574 session low extends the lower-low chain toward the 51.50 round number
Fed's Williams (Fri 09:30 UTC) and NFP (Fri 13:30 UTC, f/c 65K) could materially shift this read
London and Asian lows broken; 51.92–52.45 post-flush range.
Silver dropped about $1.20 in the 14:30 UTC bar, from 53.12 to the 51.92 NY low. The move cut through the London low at 52.44 and the Asian low near 52.37 as the USD and yields recovered after the firm claims data. Since then price has held a tight range around the 52 pivot, and bounces have been capped near the 38.2% fib at 52.38. RSI(14) sits around 42 with ATR elevated after the flush.
Support: 51.921, 51.769
Resistance: 52.38, 52.436, 52.52
What it said to watch
M15 close below the 51.92 ny low confirms a lower-low and exposes the prior low at 51.77
Acceptance back above the 52.44 london low reopens the 50% fib at 52.52
Repeated rejection at the 38.2% fib keeps the post-flush range intact into London close
Fed's Williams (Fri 09:30 UTC) and NFP (Fri 13:30 UTC) could materially shift this read
15:31 UTC
Intraday downturn after a sharp NY reversal · RSI 37 · price 52.085
Lower highs from the Asian high; London range low broken.
Silver was rejected at the 53.122 NY high in a single bar to 52.018 as the USD firmed on the claims and productivity beats, breaking the London range low near 52.44. The bounce stalled at the 52.447 rebound high, near the fib 38.2% of that drop. Mid-NY, price holds just above the 51.921 session low with RSI(14) near 37.
Support: 51.921, 51.769
Resistance: 52.447, 53.122
What it said to watch
M15 close below the 51.921 session low exposes the 51.769 prior low
Reclaim of the 52.447 rebound high puts the fib 50% at 52.52 back in play
Lower highs trendline from the Asian high at 53.453 caps any recovery toward the 53.122 NY high
Fri 13:30 UTC NFP (f/c 65K) is the next major USD catalyst for this structure
15:17 UTC
Turned lower after NY rejection, lower highs · RSI 38 · price 52.181
False break above London range, lower high and lower low.
NY session briefly pushed above the London range top to the 53.12 spike high, then reversed sharply to the 51.92 NY low as USD firmed on the 189K claims print. That left a lower high under the 53.45 Asia peak. The bounce stalled at the 52.44 prior low, near the 38.2% fib, and price is holding just above the 52.00 round number with RSI(14) near 38.
Support: 52.00, 51.921, 51.769
Resistance: 52.44, 53.122
What it said to watch
A break of the 51.92 NY low extends the lower-low sequence and exposes the 51.77 yday low
A close back above the 52.44 prior low (38.2% fib) would test the lower-highs trendline toward the 53.12 spike high
Holding above the 52.00 round number keeps the post-spike bounce intact
Fed's Williams (Fri 09:30 UTC) and NFP (Fri 13:30 UTC) could materially reset this read
False break above London range high, then range break below 52.44; lower high at 53.12 vs Asia high 53.45.
NY session pushed above the 52.91 London high to 53.12, then reversed about $1.10 in one bar. The drop cut through the 52.44 London low to a 51.92 NY low as USD clawed back losses on firm US data. The bounce is stalling at 52.32, near the 38.2% fib and just under the broken London low.
Support: 51.92, 51.77
Resistance: 52.44, 52.91, 53.12
What it said to watch
A close back above the 52.44 london low returns price to the London range and weakens the false break read
Failure to hold the 51.92 ny low extends the leg toward the 51.77 prior low from yesterday's NY session
A reclaim of the 52.91 london high and the 53.12 ny high would negate the rejection
ATR near 280 pips after the spike; expect wide bars through the rest of NY hours
Fed's Williams (Fri 09:30 UTC) and NFP (Fri 13:30 UTC, f/c 65K) could materially shift this read
London range broken lower, lower highs from Asia high.
A NY-session false break to the 53.12 spike high reversed into a ~110-cent flush. It cut through the London range and the 52.37 Asia low, landing on the 52.00 psych level as USD extended its rebound on firm US data. RSI(14) sits near 28 and ATR(14) has widened to ~250 pips. The 53.45 Asia high and the spike high form a lower-highs line.
Support: 52.00, 51.77
Resistance: 52.374, 53.122, 53.453
What it said to watch
Acceptance below the 52.00 psych level exposes the wed low at 51.77
A recovery back above the 52.37 asia low would recast the flush as a sweep
The 38.2–50% fib of the asia high drop (52.51–52.69) is the first retracement zone; failure there keeps the lower highs intact
NFP Fri 13:30 UTC (f/c 65K, AHE 0.3%) and Williams Fri 09:30 UTC could materially shift this read
14:31 UTC
Intraday recovery, higher low in place · RSI 60 · price 53.038
Early-NY break above London range, testing 61.8% of Asian drop.
Silver cleared the 52.913 London high after the 13:30 UTC US data mix of firm claims and soft unit labor costs. Early NY is now pressing 53.04, the 61.8% retracement of the Asian drop from the 53.453 Asian high to the 52.374 swing low. The 52.436 London low printed a higher low, and RSI(14) near 60 is not stretched.
Support: 52.913, 52.436, 52.374
Resistance: 53.453, 53.50
What it said to watch
Holding above the 52.913 London high keeps the range break intact; a slip back inside reopens the 52.44–52.91 London range
A rejection at 53.04 (61.8% fib) would leave a lower high below the 53.453 Asian high
A break of the 52.436 London low and the higher-low trendline exposes the 52.374 swing low
Above the Asian high, 53.50 is the channel top capping the rebound
Fed's Williams Fri 09:30 UTC and NFP Fri 13:30 UTC (f/c 65K) could materially shift this read
NY session lifted off a 52.436 swing low, holding a 50% retrace of the Asia drop.
Silver gave back the Asia high at 53.453 into a 52.374 day low and spent London chopping below 52.91. The 13:30 UTC US data mix brought a bid despite firm claims and the USD bounce, with the soft unit labor costs tempering the move. That pushed a NY high at 53.031, and price is now sitting on the 50% retrace of the Asia drop with higher lows intact.
Support: 52.436, 52.374
Resistance: 53.031, 53.453
What it said to watch
M15 acceptance above the 53.031 ny high opens the asia high at 53.453, just under the 53.50 channel top
Close below the 52.436 swing low breaks the higher lows line and exposes the 52.374 day low
Renewed strength in USD and yields during NY hours could stall the rebound at the fib midpoint
Fri NFP (13:30 UTC) and Williams (09:30 UTC) are the next scheduled shifts to this read
14:04 UTC
Sideways after the Asia-session fade · RSI 52 · price 52.839
52.44–52.96 range, NY spike above the top rejected.
Silver faded from the 53.45 Asia high to a 52.37 swing low as the USD firmed. Through London it ranged 52.44–52.96 on rising lows. In the first hour of NY, the move after the 189K jobless claims print tagged a 53.03 NY high, near the 61.8% of the Asia fade fib, and was rejected back into the range. RSI(14) is neutral near 52.
Support: 52.44, 52.374
Resistance: 53.031, 53.453
What it said to watch
M15 close above the 53.03 NY high exposes the 53.45 Asia high and the 53.50 channel top
Loss of the 52.44 range floor and the rising lows line opens the 52.37 swing low
Fed's Williams (Fri 09:30 UTC) and NFP (Fri 13:30 UTC, f/c 65K) could materially shift this read
13:47 UTC
Range after Asian spike, intraday rebound · RSI 55 · price 52.80
52.37–52.96 range, lower highs over flat lows near 52.44.
The Asian-session spike to 53.45 on post-midterm USD weakness unwound as the dollar recovered, leaving a 52.37–52.96 range since 05:30 UTC. Yesterday's prior high at 52.44 held twice as support (08:00 and 12:30 UTC) near the 78.6% of the Asian rally fib. The 13:30 UTC claims-release bar swung 52.48–52.82 and put price back above EMA20/50, just under the 52.91 London high, with lower highs at 52.96 and 52.91 capping the range top.
Support: 52.44, 52.37
Resistance: 52.91, 52.96, 53.45
What it said to watch
Fed's Hammack at 13:50 UTC could extend or reverse the 13:30 UTC swing in the first hour of NY
M15 close above the 52.96 range top breaks the lower highs line and reopens the 53.45 Asian high
Failure to hold the 52.44 prior high and 52.37 swing low takes price out of the range, below the 78.6% of the Asian rally fib
Friday NFP (f/c 65K) is the larger event risk for a range break
13:31 UTC
Sideways after Asia spike unwound, compressing · RSI 43 · price 52.582
Contracting range 52.37–52.96 since London open; lower highs, higher lows.
The Asia spike to the 53.453 asia high on the post-midterm USD selloff unwound into London as the dollar recovered. Since then price has compressed inside 52.374–52.963, capped by lower highs at 52.963 and 52.913, while demand has stepped in near the 52.436 session low with higher lows off the 52.374 london low. RSI(14) sits near 43, below both EMAs, and the US claims bar has just opened.
Support: 52.436, 52.374, 52.00
Resistance: 52.913, 52.963, 53.453
What it said to watch
Jobless Claims/ULC at 13:30 UTC and Fed's Hammack at 13:50 UTC could resolve the compression on this bar or the next
M15 close below the 52.436 session low and 52.374 london low breaks the higher-lows line and exposes the 52.00 round number
M15 close above the 52.913 lower high and 52.963 london high breaks the lower-highs cap, with the 53.453 asia high next overhead
13:16 UTC
Fading from Asia spike, lower highs · RSI 41 · price 52.541
Post-spike range 52.37–52.96, lower highs, lows holding.
The Asia session spike to the 53.453 asia high on the midterm USD selloff faded as the dollar recovered in Europe. Lower highs at 52.963 and the 52.913 london high now sit on a descending trendline, while lows hold at the 52.436 london low just above the 52.374 asia low. Price sits near the 78.6% retracement of the Asia rally into US data, RSI(14) ~41.
Support: 52.436, 52.374
Resistance: 52.738, 52.913, 53.453
What it said to watch
Jobless Claims and Unit Labor Costs at 13:30 UTC, then Fed's Hammack at 13:50 UTC, could materially shift this read
An M15 close below the 52.436 london low and the 52.374 asia low confirms a lower-low and breaks the post-spike range
A close above the 52.738 swing high, then the 52.913 london high, breaks the lower-high sequence on the descending trendline
The 53.453 asia high sits just under the $53.50 channel cap from the macro digest, which marks where the upside spike was rejected
13:03 UTC
Sideways after Asia spike-and-fade · RSI 49 · price 52.666
London range 52.44–52.91 below the Asia high, lows holding.
The Asia session spiked to the 53.45 Asia high on post-midterm USD weakness. That move was rejected and fully retraced to 52.37 as the dollar clawed back, and London has since held a 52.44–52.91 range below EMA20/50. The late-London dip held the London low at 52.44, and price is back near the 61.8% level of the Asia rally fib with RSI(14) neutral around 49.
Support: 52.44, 52.374
Resistance: 52.913, 53.453
What it said to watch
US Jobless Claims and Unit Labor Costs at 13:30 UTC, then Fed's Hammack at 13:50 UTC, could break the London range
M15 close below the 52.44 London low exposes the 52.37 Asia low and the 78.6% fib
M15 close above the 52.91 London high reopens the path toward the 53.45 Asia high
12:47 UTC
Intraday fade from Asia spike, lower highs · RSI 38 · price 52.564
London range 52.44–52.91 with price pressing the range floor.
Silver spiked to the 53.45 Asia high on post-midterm USD weakness, then gave back gains as the dollar recovered. London has held a 52.44–52.91 range, with a rejection at the london high and a lower-highs sequence since the spike. Price is now pressing the london low, between the 61.8% and 78.6% of the asia rally fib, with RSI(14) near 38.
Support: 52.436, 52.374, 52.203
Resistance: 52.913, 53.453
What it said to watch
M15 close below the 52.44 london low exposes the 52.37 asia low, then the 52.20 rally base
Reclaim of the 52.91 london high would break the lower-highs trendline and revive the range-top test
US jobless claims and unit labor costs at 13:30 UTC, then Fed's Hammack at 13:50, could materially shift this read
London range 52.44–52.91 holding under the 53.453 Asia high; lower highs vs higher lows.
Silver's Asia-session spike to the 53.453 Asia high faded as the USD clawed back losses. The 05:30 UTC drop set the 52.374 session low, and London has since compressed between the 52.442 London low and the 52.913 London high. Price is sitting on the 61.8% retracement near 52.68, with higher lows at 52.442 and the 52.606 swing low against lower highs at 52.963 and 52.913.
Support: 52.606, 52.442, 52.374
Resistance: 52.913, 52.963, 53.453
What it said to watch
Failure to hold the 52.606 swing low exposes the London low at 52.442 and the 52.374 session low
Close above the 52.913 London high and the 52.963 lower high breaks the compression toward the 53.453 Asia high
US Initial Jobless Claims at 13:30 UTC and Fed's Hammack at 13:50 UTC, early in the NY session, could break the London range
Higher lows under a flat 52.96 range top after the Asia rejection.
The Asia session spiked to a 53.453 Asia high just shy of the $53.50 channel cap. Silver was then rejected there as the USD clawed back losses, sliding to a 52.374 swing low. London has since printed higher lows at the 52.44 prior high and at 52.606, all under a 52.96 range top. Price sits flat against EMA20 near the 61.8% of the Asia rally fib, with RSI(14) neutral at 51.
Support: 52.606, 52.44, 52.374
Resistance: 52.96, 53.453, 53.50
What it said to watch
M15 close above the 52.96 range top reopens the 53.453 Asia high and the 53.50 channel cap.
Failure to hold the 52.606 higher low exposes the 52.44 prior high, then the 52.374 swing low.
Initial Jobless Claims at 13:30 UTC and Fed's Hammack at 13:50 UTC land in the first hour of NY and could break the range either side.
11:47 UTC
Intraday recovery, higher lows since London open · RSI 58 · price 52.856
HH/HL chain off London low, capped at 50% retrace of Asian drop.
The Asian session rally met rejection at the 53.453 Asian high, just under the $53.50 channel cap, and slid to a 52.374 Asian low as the USD clawed back losses. London has since built higher lows at 52.442 (london low) and 52.606, with the 52.913 London high sitting at the 50% retrace of that Asian drop.
Support: 52.606, 52.442, 52.374
Resistance: 52.913, 52.963, 53.453
What it said to watch
M15 close above the 52.913 London high and 50% retrace opens the 52.963 swing high, then 61.8% near 53.04
Failure to hold the 52.606 higher low breaks the London HH/HL chain and exposes the 52.442 london low and 52.374 asian low
Initial Jobless Claims 13:30 UTC and Fed's Hammack 13:50 UTC could materially shift this read
A return toward the 53.453 Asian high puts the $53.50 channel cap back in focus
The Asia rally ran from 52.20 to 53.45, then retraced about 85% to a 52.37 swing low as USD clawed back losses. London has since printed higher lows at 52.44 and 52.61 and is compressing under the 52.89 session high, near the 50% level of the Asia rally fib.
Support: 52.606, 52.442, 52.374
Resistance: 52.887, 52.963, 53.453
What it said to watch
A close above the 52.89 session high and the 52.96 swing high opens the 53.45 asia high, just under the $53.50 channel cap
A break of the rising lows line and the 52.61 higher low exposes the 52.44 london low and the 52.37 swing low
Jobless Claims (13:30 UTC) and Fed's Hammack (13:50 UTC) around the NY open could materially shift this read
Higher lows under the 52.89 London high, inside the Asia range.
Asia ran to the 53.453 asia high, just under the $53.50 channel cap, before a USD bounce in European trade knocked it back to the 52.374 swing low. London has since printed higher lows at 52.442 and 52.606, and price is pressing the 52.887 london high between the 38.2% and 50% asia high retrace, with RSI(14) near 63 and no extreme.
Support: 52.606, 52.442, 52.374
Resistance: 52.887, 52.963, 53.453
What it said to watch
M15 close above the 52.887 london high opens the 52.963 swing high, then the 61.8% asia high retrace near 53.04
Break of the rising trendline and the 52.606 higher low flattens London structure, exposing the 52.442 london low and the 52.374 swing low
Jobless Claims at 13:30 UTC and Fed's Hammack at 13:50 UTC around the NY open could materially shift this read
10:46 UTC
Intraday pullback from Asian spike, now basing · RSI 61 · price 52.823
Higher lows inside London range, capped below 52.89.
The Asia session spiked to an Asian high at 53.453, just shy of the $53.50 channel cap, before a USD bounce drove a rejection to a 52.374 swing low. London has since printed a higher low at 52.442 (the London low) and another at 52.606, compressing under the 52.887 London high with price at the 50% fib of the Asian rally. RSI(14) is mid-range near 61, price is marginally above both EMAs, and ATR(14) is about 150 pips.
Support: 52.606, 52.442, 52.374
Resistance: 52.887, 52.963, 53.453
What it said to watch
A close above the 52.887 London high opens the 52.963 lower high, then the 53.453 Asian high.
A break of the 52.606 higher low voids the rising-lows trendline; failure below the 52.374 swing low confirms a lower low.
US Initial Jobless Claims at 13:30 UTC and Fed's Hammack at 13:50 UTC could reset the London range during NY hours, ahead of Friday's NFP.
10:31 UTC
Post-rejection pullback, now compressing · RSI 57 · price 52.76
London range 52.44–52.88 inside the wider Asian range; higher lows vs lower highs.
The Asia-session rally on the post-midterm USD slide was rejected at the 53.45 asia high, near the channel ceiling, as the dollar bounced into Europe. The slide stalled at the 52.37 drop low. London has since compressed between the 52.44 london low and the 52.88 london high. A rising trendline off 52.37 and the 52.61 swing low sits under price at 52.76, with lower highs capping from the 52.96 swing high.
Support: 52.61, 52.44, 52.37
Resistance: 52.88, 52.96, 53.45
What it said to watch
M15 close above the 52.88 london high breaks the compression and exposes the 52.96 swing high, then the 53.45 asia high
Loss of the 52.61 swing low and the rising trendline reopens the 52.44 london low and the 52.37 drop low
US Initial Jobless Claims (f/c 196K) at 13:30 UTC and Fed's Hammack at 13:50 UTC could break the London range in either direction
10:16 UTC
Post-spike fade, now compressing · RSI 47 · price 52.709
Lower highs and higher lows inside a 52.44–52.88 London range.
Silver spiked to an Asia high of 53.453 as the post-midterm USD and yield slide extended, then was rejected under the $53.50 channel ceiling and faded to a 52.374 swing low as DXY firmed in early Europe. London has carved a tightening range, with the london low at 52.442 above that swing low and the london high at 52.876 below the 52.963 swing high. Price is chopping mid-range near the 61.8% fib of the Asia leg, holding above a 52.606 intraday low with RSI neutral.
Support: 52.606, 52.442, 52.374
Resistance: 52.876, 52.963, 53.453
What it said to watch
M15 close above the 52.876 london high breaks the compression and exposes the 52.963 swing high
Loss of the 52.606 intraday low and then the 52.442 london low opens a retest of the 52.374 swing low, with the Asia leg nearly fully retraced
53.453 asia high marks the rejection point under the $53.50 channel ceiling
Challenger cuts at 10:30 UTC and the BoE at 12:00 UTC can move the dollar, while jobless claims (f/c 196K) at 13:30 UTC and Hammack at 13:50 UTC could materially shift this read
10:05 UTC
Neutral, compressing after Asia spike · RSI 48 · price 52.737
Lower highs vs higher lows inside Asian range.
Silver was rejected at the 53.453 Asian high, just under the $53.50 channel ceiling, as the USD steadied in early Europe. The drop held at the 52.374 swing low. Mid-London, price is compressing between the 52.876 London high and a 52.606 higher low, with lower highs running off 52.963 and price sitting on EMA20 near the 61.8% retrace of the Asia rally.
Support: 52.606, 52.442, 52.374
Resistance: 52.876, 52.963, 53.453
What it said to watch
M15 close above the 52.876 London high and the lower highs line opens the 52.963 swing high, with the 53.453 Asian high above that
Failure to hold the 52.606 higher low breaks the rising lows line and exposes 52.442 (London low, at yesterday's prior high), then the 52.374 swing low
US Initial Jobless Claims (f/c 196K) at 13:30 UTC and Fed's Hammack at 13:50 UTC could resolve the compression around NY open
Challenger Job Cuts at 10:30 UTC is a minor near-term risk
09:47 UTC
Post-rally pullback, now compressing · RSI 48 · price 52.691
Lower highs and higher lows inside a 52.44–52.88 London range.
Asia ran from 52.20 to a 53.45 asia high before rejection. As USD steadied, an early-London-hours flush set a 52.37 swing low, and the London session has since compressed between the 52.44 london low and the 52.88 london high. Price is sitting on the 61.8% retracement of the asia rally, just under EMA20, with RSI(14) neutral near 47.
Support: 52.44, 52.37
Resistance: 52.88, 52.96, 53.45
What it said to watch
M15 close above the 52.88 london high breaks the lower highs line and ends the compression read
A close back above the 52.96 lower high reopens the 53.45 asia high
Loss of the 52.44 london low (yesterday's NY high) breaks the higher lows line and exposes the 52.37 swing low
US jobless claims and unit labor costs at 13:30 UTC, then Fed's Hammack at 13:50 UTC, could resolve the range
Asia high rejected; London range 52.44–52.88 with higher lows and a lower high.
The Asia rally cleared the prior high at 52.44 as the USD slid after the midterms. It then met rejection at the 53.45 Asia high, just under the 53.50 channel top, and retraced to the 52.37 Asia low. London is compressing between the prior high and the 52.88 London high, printing higher lows with price hugging EMA20 and RSI(14) near 55.
Support: 52.442, 52.374
Resistance: 52.876, 52.963, 53.453
What it said to watch
M15 close above the 52.96 swing high reopens the 53.45 Asia high
Break below the 52.37 Asia low ends the higher-lows sequence and fails the prior high retest
Jobless claims and unit labor costs at 13:30 UTC, then Fed's Hammack at 13:50 UTC, could materially shift this read
The post-midterm USD slide lifted silver to an Asia high of 53.453. A DXY bounce then dragged it back to a 52.374 swing low near the 78.6% of the Asia rally. London is compressing between a lower high at 52.96, the 52.82 london high and higher lows at the 52.44 prior high, with price hovering near the 61.8% level and just above EMA20/EMA50.
Support: 52.442, 52.374
Resistance: 52.82, 52.963, 53.453
What it said to watch
M15 close above the 52.82 london high breaks the lower-highs line and brings the 52.96 lower high into view
Loss of the 52.44 prior high breaks the higher-lows line and exposes the 52.374 swing low
Jobless Claims and Unit Labor Costs at 13:30 UTC, then Hammack at 13:50, could break the compression
Acceptance back above the 53.453 asia high would mean the pullback has been fully retraced
The Asia session spike to the 53.45 asia high on the post-midterm USD slide faded as DXY steadied, leaving price in a 52.37–52.96 range below a lower-high sequence. Early London retested yesterday's prior high at 52.44 and held. Price is capped so far by the 52.82 session high, between the 50% and 61.8% of the Asia rally fib, RSI(14) neutral near 54.
Support: 52.44, 52.374
Resistance: 52.82, 52.963, 53.453
What it said to watch
M15 close above the 52.96 swing high breaks the lower-high sequence and puts the 53.45 asia high back in view
Failure to hold the 52.44 prior high, then the 52.37 swing low, reopens the Asia base near 52.20
US jobless claims and unit labor costs at 13:30 UTC, then Fed's Hammack at 13:50, could materially shift this read
08:32 UTC
Asia rally retraced, now sideways · RSI 46 · price 52.717
London consolidation 52.44–52.82 below the Asian session high.
Asia extended the post-midterm USD slide from 52.18 to a 53.453 asian high, then gave back most of the Asia leg to a 52.374 swing low. London has since compressed between 52.44 and the 52.82 london high, with dips holding at Wednesday's prior high and price sitting on EMA20 near the 61.8% retrace. RSI(14) is flat around 46.
Support: 52.442, 52.374
Resistance: 52.82, 52.963, 53.453
What it said to watch
M15 close above the 52.82 london high breaks the consolidation and exposes the 52.963 lower high, then the 53.453 asian high
Failure to hold the 52.442 prior high exposes the 52.374 swing low, beyond the 78.6% of the Asia leg
US jobless claims and unit labor costs at 13:30 UTC, then Fed's Hammack at 13:50, could materially shift this read
Lower high at 52.96 below the 53.45 Asia high; higher low at 52.44 above the 52.37 Asia low.
Asia extended the weak-USD squeeze to a session high at 53.45 (asia high), then unwound late in the session to 52.37 (asia low), retracing most of the asia rally. The bounce stalled at 52.96, a lower high. The London open dipped to 52.44, retesting yesterday's prior high, and held. Price is now pinned between 52.44 and 52.96, under EMA20 and sitting on EMA50, with RSI(14) neutral near 49.
Support: 52.442, 52.374
Resistance: 52.963, 53.453
What it said to watch
M15 close above the 52.96 lower high breaks the lower-highs line and reopens the 53.45 asia high
Failure to hold the 52.44 prior high, then a close below the 52.37 asia low, confirms a lower-low
US Initial Jobless Claims and Unit Labor Costs at 13:30 UTC, then Fed's Hammack at 13:50, could materially shift this read
08:04 UTC
Pullback after Asia rally, lower highs · RSI 46 · price 52.562
Lower highs from 53.45; 52.37–52.47 base holding.
Asia ran from the 52.20 asian low to a 53.45 asian high on the post-midterm USD slide and stalled short of the 53.50 channel top. Price has since retraced toward the 78.6% level with lower highs, rejected at the fib 38.2 (52.96) and again at the 52.80 lower high. The London open printed a 52.47 london low above the 52.37 swing low; price sits below EMA20/50 with RSI(14) near 46.
Support: 52.473, 52.374, 52.203
Resistance: 52.806, 52.963, 53.453
What it said to watch
M15 close above the 52.96 fib 38.2 breaks the lower-highs trendline from the asian high
Failure to hold the 52.37 swing low exposes the 52.20 asian low and a full retrace of the Asia leg
Holding the 52.47 london low keeps the higher-low base intact beneath the 52.80 lower high
US jobless claims and unit labor costs at 13:30 UTC, then Fed's Hammack at 13:50, could materially shift this read
07:47 UTC
Pullback from Asian high, lower highs · RSI 40 · price 52.52
Lower-high sequence off 53.45, holding above 52.37 swing low.
The Asia session squeeze from 52.20 to the 53.45 Asian high, driven by the softer USD after the Democratic sweep, stalled just under the $53.50 channel top. A run of lower highs since then has retraced about 78.6% of the Asia rally into the London open. Price is sitting on the 52.47 session low with RSI(14) near 40, after a bounce high at 52.96 and a lower high at 52.81 both faded.
Support: 52.47, 52.37, 52.00
Resistance: 52.81, 52.96, 53.45
What it said to watch
Failure to hold the 52.37 swing low confirms a lower-low and exposes the 52.00 round number
M15 close above the 52.81 lower high and the lower-highs trendline invalidates the pullback read; 52.96 bounce high is next
A return to the 53.45 Asian high would retest the $53.50 channel top
US Initial Jobless Claims at 13:30 UTC and Fed's Hammack at 13:50 UTC could materially shift this read
Asia spike to 53.45 faded; lower high at 52.96, price retesting prior high zone.
Asia session ran to 53.45 on the post-midterm USD slide, just shy of the $53.50 channel top, then gave back roughly 78.6% of the move. At the London open price sits in the 52.50s, below EMA20/EMA50, retesting yesterday's prior high at 52.44 under a 52.96 lower high, with RSI(14) near 39.
Support: 52.444, 52.374, 52.203
Resistance: 52.963, 53.453
What it said to watch
M15 close below the 52.37 session low exposes the 52.20 Asia low and fills the Asia leg
Reclaim of the 52.96 lower high breaks the lower-high trendline from 53.45
Asia high at 53.45 and the $53.50 channel top remain the cap on any recovery
US Initial Jobless Claims at 13:30 UTC and Fed's Hammack at 13:50 UTC could materially shift this read
07:16 UTC
Pullback after Asia squeeze, momentum soft · RSI 41 · price 52.588
Lower high at 52.963 below 53.453 session high; holding above the 52.374 swing low.
The Asia session extended the Democratic-sweep squeeze to a 53.453 session high, just shy of the 53.50 channel top. The pair then gave back most of that leg to 52.374, a retest of yesterday's 52.444 prior high. The bounce stalled at a 52.963 lower high, and a rejection off 52.80 leaves price at 52.59, below EMA20/50 into the London open with RSI(14) near 41.
Support: 52.444, 52.374, 52.203
Resistance: 52.963, 53.453
What it said to watch
M15 close below the 52.374 swing low confirms a lower-low and exposes the 52.203 asian low
Close above the 52.963 lower high breaks the descending trendline and reopens the 53.453 session high
Loss of the 52.444 prior high on a closing basis undercuts the retest read
US Jobless Claims and Unit Labor Costs at 13:30 UTC, then Fed's Hammack at 13:50, could materially shift this read
Silver ran from 52.20 to a 53.45 Asian high on post-election USD weakness. It met rejection just under the 53.50 channel top, then retraced to a 52.37 pullback low that briefly undercut yesterday's prior high at 52.44. The bounce capped at a 52.96 lower high near the 38.2% fib, and price now sits near the 61.8% around 52.68 into London open: below EMA20, above EMA50, RSI(14) mid-40s.
Support: 52.444, 52.374
Resistance: 52.963, 53.453
What it said to watch
M15 close above the 52.96 lower high breaks the descending line from the Asian high and reopens 53.45
Failure to hold the 52.37 pullback low, below the 52.44 prior high, confirms a deeper unwind of the Asian leg
Asian high at 53.45, just under the 53.50 channel top, remains the ceiling in this session
US Initial Jobless Claims at 13:30 UTC and Fed's Hammack at 13:50 UTC could materially shift this read
06:47 UTC
Asia uptrend leg, now in a deep pullback · RSI 43 · price 52.701
Lower highs off 53.45; dip held 52.37 above prior high.
Asia ran from the 52.20 asian low to a 53.45 session high on the post-election USD slide, stalling just short of the 53.50 channel top. A 05:00 UTC selloff retraced roughly 85% to a 52.37 swing low, holding near yesterday's 52.44 prior high. The bounce was rejected at 52.96 and price is pivoting at the 61.8% fib and EMA50 into London open, with RSI(14) neutral near 43.
Support: 52.44, 52.374, 52.203
Resistance: 52.963, 53.453, 53.50
What it said to watch
Failure to hold the 52.37 swing low exposes the 52.20 asian low and erases the Asia leg
A close above the 52.96 bounce high breaks the lower-high sequence
53.45 session high and 53.50 channel top: area to watch for rejection or break
US jobless claims at 13:30 UTC and Fed's Hammack at 13:50 UTC could shift the USD tone behind this move
06:33 UTC
Asia rally faded, deep pullback stabilising · RSI 41 · price 52.732
Asian spike to 53.453 rejected below channel top, retraced ~86% to swing low 52.374, now a lower high forming near 52.96.
The Asian session extended the post-election, soft-USD squeeze from the 52.203 rally base to an Asia high of 53.453. That high was rejected just shy of the 53.50 channel top, and the slide into 05:00 UTC retested yesterday's prior high near 52.444, printing a swing low at 52.374. Ahead of London open, price is chopping near the 61.8% retracement at 52.73 under a 52.963 bounce high, with RSI(14) near 41 and ATR around 235 pips.
Support: 52.444, 52.374, 52.203
Resistance: 52.963, 53.453, 53.50
What it said to watch
M15 close above the 52.963 bounce high reopens the 53.453 asia high and the 53.50 channel top
Failure to hold the 52.374 swing low turns the prior high retest into a false break and exposes the 52.203 rally base
London open is the first test of whether the Asian range low holds
US Initial Jobless Claims at 13:30 UTC (f/c 196K) and Fed's Hammack at 13:50 UTC could materially shift this read
06:16 UTC
Pullback inside Asian range after failed push to 53.45 · RSI 44 · price 52.754
Lower highs from 53.453; bounce off 52.374 swing low back above 61.8% fib.
The Asia session rally on post-election USD weakness stalled at the 53.453 Asian high, just under the $53.50 channel top, and supply capped a 53.18 lower high before a drop to the 52.374 swing low. Price is back above the 61.8% fib near 52.68 into London open, inside the Asian range and under EMA20, with ATR(14) near 240 pips.
Support: 52.374, 52.203
Resistance: 53.18, 53.453
What it said to watch
M15 close above the 53.18 lower high breaks the lower-high sequence and puts the 53.453 Asian high back in focus
Failure to hold the 52.374 swing low exposes the 52.203 Asian low
US Initial Jobless Claims 13:30 UTC and Fed's Hammack 13:50 UTC could materially shift this read
06:04 UTC
Asia uptrend leg reversed, short-term pullback · RSI 40 · price 52.586
Lower highs and lower lows since the 53.45 Asia high; price back on the prior NY high.
The Asia rally on the USD slide stalled at the 53.45 Asia high, just under the $53.50 channel top. Pre-London selling then retraced about 85% of the leg into a 52.37 swing low, back onto the prior NY high near 52.44. Price sits below EMA20 and right at EMA50 with RSI(14) near 40, and the 52.92 shelf is the first overhead pivot.
Support: 52.44, 52.374, 52.203
Resistance: 52.92, 53.453
What it said to watch
Failure to hold the 52.37 swing low exposes the 52.20 Asia base and erases the Asia leg
M15 close back above the 52.92 shelf reopens the 53.45 Asia high and the $53.50 channel top
London open is the first test of whether the NY high at 52.44 holds as support
Jobless Claims at 13:30 UTC and Fed's Hammack at 13:50 UTC could materially shift this read
Lower highs off the 53.453 Asia high; 52.92–53.30 shelf broken lower.
The Asia session extended the post-election, soft-USD squeeze to a 53.453 session high. That high was a rejection just under the $53.50 channel top, followed by a run of lower highs. Late Asia broke the 52.92–53.30 shelf at the 52.888 break level, and price has given back past the 61.8 fib of the overnight leg, printing a 52.374 session low ahead of the London open.
Support: 52.374, 52.203
Resistance: 52.68, 52.888, 53.453
What it said to watch
M15 close back above the 52.888 break level negates the shelf breakdown; 52.68 (61.8 fib) is the first hurdle
Failure to hold the 52.374 session low exposes the 52.203 asian low, the base of the overnight rally
A break above the lower-highs line and the 53.453 session high re-tests the $53.50 channel top
US Initial Jobless Claims and Fed's Hammack (13:30/13:50 UTC) can reset hike pricing and the USD ahead of Friday's NFP
05:31 UTC
Intraday pullback after Asia rally · RSI 36 · price 52.519
Lower highs from 53.45, Asian range low broken.
Asia extended the post-election squeeze from the 52.20 asia low to a 53.45 session high, stalling just under the 53.50 channel top named in the digest. A 52.92–53.30 range then gave way late in Asia, and price is now testing the 78.6% fib of the Asia rally at 52.47 into London open, with RSI(14) near 36.
Support: 52.47, 52.20, 52.12
Resistance: 52.92, 53.45
What it said to watch
Failure to hold the fib 78.6 at 52.47 opens the 52.20 asia low, with the NY lows at 52.12 just below
Reclaim of the 52.92 range low puts the 53.45 session high and the 53.50 channel top back in focus
Thu 13:30 UTC jobless claims and Hammack at 13:50 UTC could materially shift this read ahead of Friday NFP
Post-breakout range 52.89–53.45, testing range low.
Asia broke yesterday's 52.44 prior high on the post-election USD slide and ran to a 53.45 session high, just shy of the 53.50 channel top. Since then a chain of lower highs (53.28, 53.26, 53.18) has pressed price back to the 52.89 range low, sitting near the 38.2% fib of the 52.20–53.45 Asia leg ahead of London open.
Support: 52.89, 52.83, 52.44
Resistance: 53.18, 53.45, 53.50
What it said to watch
M15 close below the 52.89 range low opens the 50% fib at 52.83, then the 52.44 prior high retest
Close above the 53.18 lower high breaks the lower-high trendline and puts the 53.45 session high back in play
Acceptance above the 53.50 channel top would mark a fresh leg; rejection there keeps the range intact
US Jobless Claims 13:30 UTC and Fed's Hammack 13:50 UTC could materially shift this read
Lower highs off 53.45 session high, flat base 52.92–52.98.
Asia extended the post-midterm squeeze on a softer USD, running from the 52.20 Asian low to a 53.45 session high before stalling just under the $53.50 channel top. Since then a chain of lower highs into 53.18 has compressed price against a swing low at 52.92, which sits near the 38.2% fib of the Asian leg, into the London open.
Support: 52.92, 52.43, 52.203
Resistance: 53.18, 53.453, 53.50
What it said to watch
M15 close above the 53.18 lower high, then the 53.45 session high, would put the 53.50 channel top back in play
Failure to hold the 52.92 swing low exposes the 52.43 pullback low near the 61.8% fib
Loss of 52.43 would leave the 52.20 Asian low as the base of the move
US Initial Jobless Claims and Fed's Hammack at 13:30–13:50 UTC could materially shift this read
Asia breakout above prior-day range, now a 52.92–53.45 micro range.
Asia session cleared yesterday's 52.44 prior high and ran to a 53.45 session high, just shy of the $53.50 channel top, as the post-midterm USD slide and softer oil extended the squeeze. Since then price has held a 52.92–53.45 range. The swing low sits on the 38.2% fib, and RSI(14) has cooled to about 62.
Support: 52.92, 52.44
Resistance: 53.453, 53.50
What it said to watch
M15 acceptance above the 53.45 session high and 53.50 channel top would break the downtrend-channel cap
Failure to hold the 52.92 swing low and 38.2% fib exposes the 52.44 prior high
London open is due within ~2h; a break of the Asian range in either direction resets the micro structure
Jobless Claims at 13:30 UTC and Fed's Hammack at 13:50 UTC could materially shift this read
04:32 UTC
Uptrend, pulling back from session high · RSI 52 · price 52.933
Lower highs off 53.45, retracing the Asian breakout leg.
Asia extended the midterm squeeze, clearing the 52.20–52.44 consolidation and tagging the 53.45 session high just shy of the 53.50 channel top before rejection. A chain of lower highs since and a slip through the 52.98 broken low leaves price at the 38.2% retrace of the Asian leg, sitting on EMA20 with RSI(14) neutral near 52.
Support: 52.80, 52.43, 52.20
Resistance: 52.98, 53.45, 53.50
What it said to watch
Failure to hold the 52.80 breakout bar low (50% of the Asian leg fib) exposes the 52.43 swing low
Recovery above the 52.98 broken low and the lower-highs line near 53.26 reopens the 53.45 session high and 53.50 channel top
Loss of the 52.20 asian low would unwind the entire Asian breakout
London open, then Thu 13:30 UTC jobless claims and Hammack at 13:50 UTC, could reshape the read ahead of Friday NFP
Asia session extended the midterm-driven squeeze on a softer USD, clearing the 52.444 prior high and printing a session high at 53.453. Price has since compressed between 52.98 and 53.45. The 52.984 pullback low has held twice at the 38.2% fib, while supply caps just under the 53.50 channel top.
Support: 52.984, 52.444
Resistance: 53.453, 53.50
What it said to watch
Close above the 53.453 session high and the 53.50 channel top would extend the Asia leg
Loss of the 52.984 pullback low and the Asia trendline opens a deeper retracement toward the 52.444 prior high
London open could break the 52.98–53.45 compression
Challenger job cuts at 10:30 UTC, then jobless claims at 13:30 UTC and Fed's Hammack at 13:50 UTC, could shift the read ahead of Friday NFP
Asia session broke above yesterday's 52.44 prior high and ran to a 53.45 session high, extending the midterm-driven squeeze as USD stays soft. Price is now compressing between a 52.98 range low and lower highs at 53.28–53.23, just under the 53.50 channel top. The range low sits on the 38.2% retrace of the Asia leg.
Support: 52.984, 52.797, 52.444
Resistance: 53.282, 53.453, 53.50
What it said to watch
M15 close above the 53.453 session high and 53.50 channel top extends the breakout
Close above the 53.282 lower high breaks the lower-highs sequence
Failure to hold the 52.984 range low opens the 52.797 swing low, then the 52.444 prior high
US jobless claims and Fed's Hammack later Thursday could shift this read
03:32 UTC
Uptrend, first pullback from session high · RSI 61 · price 53.029
HH/HL leg off 52.20 broke Wednesday's range top; now retracing toward the 38.2% fib.
Asia session extended the midterm-driven squeeze, with weaker USD and lower yields lifting price through Wednesday's 52.44 range top to a session high at 53.45, just under the 53.50 channel top. Price is now retracing to the 38.2% fib near 52.98, with RSI(14) cooling to around 61.
Support: 52.98, 52.80, 52.44
Resistance: 53.453, 53.50
What it said to watch
An M15 close below the 52.98 38.2% fib opens the 52.80 swing low, near the 50% retracement
Loss of the 52.44 range top would undo the Asia breakout and return price to Wednesday's range
Acceptance above the 53.45 session high and the 53.50 channel top would extend the HH chain
Thu 13:30 UTC jobless claims and ULC, then Fed's Hammack at 13:50, could materially shift this read
Asia breakout above prior range top, now a tight 53.00–53.45 consolidation.
Midterm-driven USD weakness extended into the Asia session. Silver cleared yesterday's 52.44 prior high and ran to a 53.453 session high. The last six bars have compressed between a 53.00 range low and that high, just under the 53.50 channel top, with RSI(14) cooling from the low-70s and the rising trendline intact near 52.80.
Support: 53.006, 52.797, 52.444
Resistance: 53.453, 53.50
What it said to watch
M15 acceptance above the 53.453 session high and the 53.50 channel top would extend the Asia leg.
A close below the 53.00 range low exposes the 52.80 swing low and 50% fib zone. A break there undercuts the rising trendline.
Loss of the 52.44 prior high would mark the Asia breakout as failed.
London open liquidity could resolve the consolidation; Thu 13:30 UTC jobless claims/ULC and Hammack at 13:50 UTC could materially shift this read.
Asia HH/HL chain from 52.20; rejection wick at session high.
The Asia session extended the post-midterm squeeze, clearing yesterday's 52.444 prior high in a HH/HL run from 52.20 to a 53.453 session high just under the 53.50 channel top. The last full bar was rejected from that high. RSI(14) is near 70 and ATR is about 285 pips.
Support: 53.006, 52.797, 52.444
Resistance: 53.453, 53.50
What it said to watch
A close above the 53.50 channel top would mark the first acceptance beyond the downtrend-channel cap.
Loss of the 53.006 swing low breaks the Asia HH/HL chain and puts the 52.797 breakout bar, near the Asia rally 50% fib, in view.
A drop back below the 52.444 prior high would turn the break into a false break.
US claims and unit labor costs at 13:30 UTC, followed by Hammack at 13:50, could materially shift this read.
02:46 UTC
Uptrend, pressing session high · RSI 77 · price 53.375
HH/HL chain since Asian range break; higher low at 53.006.
Asia session extended the post-midterm, weak-USD squeeze, breaking the 52.20–52.39 Asian range and yesterday's 52.444 prior high. The pullback held the 53.006 swing low, above the fib 50% of the overnight leg, and price is now retesting the 53.38–53.42 session high with RSI(14) near 77, just under the 53.50 channel top.
Support: 53.006, 52.793, 52.444
Resistance: 53.417, 53.50
What it said to watch
Close above the 53.50 channel top would extend the HH chain; rejection there keeps it a capped squeeze
Failure to hold the 53.006 swing low and the rising support line breaks the HL sequence, exposing the fib 50% at 52.79
Loss of the 52.444 prior high would unwind the Asian breakout
Thu 13:30 UTC US jobless claims and unit labor costs could materially shift this read
HH/HL chain in Asia, breakout above prior high, tight pause under session high.
Asia session extended the USD-driven post-midterm rally. Price cleared Wednesday's prior high at 52.444 and set a session high at 53.383, just under the 53.50 channel top. Two upper-wick rejections near 53.38 have left price compressing around 53.12 above the 52.963 micro low, with RSI(14) near 76 and ATR running about 258 pips.
Support: 52.963, 52.797, 52.444
Resistance: 53.383, 53.50
What it said to watch
M15 close above 53.383 session high and the 53.50 channel top extends the HH chain
Loss of the 52.963 micro low opens the 50% fib at 52.797, the breakout bar low
Break of rising support back below the 52.444 prior high voids the breakout read
Thu 13:30 UTC jobless claims and unit labor costs, then Hammack at 13:50, ahead of Friday NFP
02:17 UTC
Uptrend, extended into session high · RSI 73 · price 53.147
Asian range breakout, HH/HL chain stalling at 53.38.
The Asia session broke out of its 52.20–52.39 opening range and cleared Wednesday's 52.44 prior high. That extended the post-midterm USD-weakness rally to a 53.38 session high. Back-to-back upper wicks at 53.38 show supply capping just under the 53.50 channel top, with RSI(14) near 73 and ATR running about 245 pips.
Support: 52.797, 52.444, 52.203
Resistance: 53.383, 53.50
What it said to watch
M15 close above the 53.38 session high exposes the 53.50 channel top
Loss of the 52.80 swing low (50% of the Asia leg) points back to the 52.44 prior high
Return inside the Asian range toward the 52.20 asian low would negate the breakout
Thu 13:30 UTC jobless claims and Fed's Hammack at 13:50 could materially shift this read ahead of Friday NFP
02:04 UTC
Uptrend, rejection wick at session high · RSI 73 · price 52.969
Asia higher lows; broke prior NY high, capped at 53.38.
Asia session extended the election-driven USD-weakness squeeze. Price cleared yesterday's 52.444 NY high and spiked to a 53.383 session high, where a long rejection wick pulled it back to about 52.97. Rising lows run from the 52.20 Asian low to the 52.43 swing low. The spike low at 52.80 coincides with the 50% retracement of the Asia leg.
Support: 52.797, 52.43, 52.203
Resistance: 53.383, 53.50
What it said to watch
M15 close above the 53.383 session high puts the 53.50 channel top in play; a hold below it keeps the rejection read intact
Failure to hold the 52.80 spike low (50% of the Asia leg) exposes the 52.43 swing low and prior high
Loss of the 52.20 Asian low breaks the rising lows and the session uptrend
ATR near 225 pips on M15 reflects elevated post-election volatility
Thu 13:30 UTC jobless claims and unit labor costs, followed by Fed's Hammack, could materially shift this read
01:46 UTC
Uptrend, extending into Asia · RSI 70 · price 52.827
Higher highs and higher lows; prior high broken, then retested.
The Asia session lifted silver off the 52.20 Asian low and through the prior high at 52.44. The move extends Wednesday's USD-driven squeeze after the Democratic midterm sweep. A wick to the 52.94 session high snapped back to the 52.43 retest zone, but buyers absorbed it and price is again pressing 52.82, with RSI(14) near 70.
Support: 52.573, 52.43, 52.203
Resistance: 52.943, 53.00
What it said to watch
M15 close above the 52.943 session high and the 53.00 round number opens the 53.50 channel-top area
Hold of the fib 50% at 52.57 keeps the Asian leg intact
Break back below the 52.43 retest zone turns the breakout into a false break toward the 52.20 asian low
Thu 13:30 UTC jobless claims and unit labor costs, then Fri NFP, could materially shift USD and this read
01:32 UTC
Uptrend, stalling after rejection · RSI 59 · price 52.513
HH/HL chain intact; Asia broke above the NY high, then reversed.
After Wednesday's USD-driven squeeze off 48.95 on the Democratic sweep, silver held a 51.62–52.44 range through London and NY. Asia pushed through the NY high to a 52.943 session high, but the 01:15 UTC bar rejected hard and price is now retesting 52.43 near the 61.8% of the Asia leg fib. The rising trendline from the NY low sits near 52.28, with the range low at 52.12 below it.
Support: 52.43, 52.28, 52.12
Resistance: 52.943, 53.00, 53.50
What it said to watch
An M15 close back below the 52.43 ny high puts price back inside the prior range, with the trendline near 52.28 and the range low at 52.12 next
A close above the 52.943 session high negates the rejection and brings the 53.00 round number into view
53.50 channel top from the digest caps the broader move; failure below it keeps the downtrend channel intact
Thu 13:30 UTC jobless claims and unit labor costs, plus Fed's Hammack at 13:50, could materially shift this read ahead of Friday's NFP
Asia session cleared the 52.12–52.44 NY range and the prior high at 52.444, printing a 52.821 session high before the latest bar faded toward 52.65. The extension follows yesterday's vertical post-election rally off 48.95 on USD weakness. RSI(14) near 69 is warm, not stretched.
Support: 52.444, 52.203, 52.12
Resistance: 52.821, 53.00
What it said to watch
Hold above the 52.444 prior high, which sits at the 61.8% fib of the Asia leg, keeps the breakout valid
Close back inside the range toward 52.203 session low or 52.12 range low reads as a false break
Clearance of the 52.821 session high opens the 53.00 round number
Thu 13:30 UTC jobless claims and Fed's Hammack could shift the read
01:03 UTC
Uptrend, fresh leg higher in early Asia · RSI 78 · price 52.767
Breakout above NY range top; HH/HL chain since 48.95 Asia low.
Early Asia broke the 52.12–52.44 NY range, clearing the 52.444 prior high and printing a 52.821 session high. This extends the post-midterm rally off 48.95 as USD stayed heavy. RSI(14) near 78 is hot but not extreme, and the 51.623 swing low anchors the higher-low sequence.
Support: 52.444, 52.12, 51.623
Resistance: 52.821, 53.00, 53.50
What it said to watch
Failure to hold 52.444 prior high on a retest turns the breakout into a false break back inside the NY range
M15 close below 52.12 ny range low unwinds the breakout; below 51.623 swing low breaks the HH/HL chain
53.00 round number and the 53.50 channel top are the next areas to watch for rejection or break
Thu 13:30 UTC jobless claims and Fed's Hammack at 13:50 could materially shift this read
00:46 UTC
Uptrend, extending to new session highs · RSI 67 · price 52.532
Break above the 52.12–52.44 range on higher lows.
Early Asia session has pushed through the prior high at 52.444 to a session high at 52.563. That extends the post-midterm squeeze off the 48.946 low as the USD stays heavy. Higher lows from 52.128 sit under price after the late-NY range, and RSI(14) at 67 is firm but not stretched.
Support: 52.444, 52.116
Resistance: 52.563, 53.00
What it said to watch
M15 close back below the 52.444 prior high would turn the breakout into a false break
Loss of the 52.12 range floor ends the higher lows sequence
A hold above the 52.563 session high puts the 53.00 round number next in view
Thu 13:30 UTC jobless claims and Fed's Hammack at 13:50 could materially shift this read
Higher lows off 51.62; Asia breaking the late-NY range top.
Silver reversed vertically from the 48.95 Asia low on Wednesday's Democratic-sweep USD selloff, then held a higher-low chain off the 51.62 swing low through London and NY. Early Asia is now clearing the 52.444 prior high and the 52.12–52.41 range low/high box, printing a session high at 52.562 with RSI(14) near 69.
Support: 52.444, 52.12, 51.623
Resistance: 52.562, 53.00
What it said to watch
Failure to hold the 52.444 prior high on a closing basis turns the move into a false break back inside the range
M15 close below the 52.12 range low breaks the rising-lows line and the higher-low chain
Acceptance above the session high puts the 53.00 round number in play, with the 53.50 channel top above
Thu 13:30 UTC jobless claims and unit labor costs could materially shift this read
Silver reversed vertically from 48.95 in yesterday's Asia session as the Democratic midterm sweep weighed on the USD, then peaked at 52.44 late in NY. A tight range between the 52.12 range low and the 52.44 range high has held into the new Asian range, with RSI(14) neutral near 56. The NY low at 51.62 sits on the 23.6% fib of the rally.
Support: 52.116, 51.623
Resistance: 52.444, 52.50
What it said to watch
M15 close above the 52.44 range high and the 52.50 res zone extends the rally structure
Break below the 52.12 range low exposes the 51.62 NY low / 23.6% fib
Thu 13:30 UTC jobless claims and Fed's Hammack could shift the read ahead of Friday's NFP
Tight consolidation 52.12–52.44 after vertical rally.
The Democratic sweep and a heavy USD drove a vertical rally off the 48.95 Asia low. Silver then ground through London and NY to a 52.44 session high and has since compressed between the 52.12 range low and that high. The new Asia session is holding 52.24–52.39 with RSI(14) neutral near 55, so no break is in play.
Support: 52.12, 51.78
Resistance: 52.44, 52.50
What it said to watch
M15 close above the 52.44 session high and 52.50 psych ends the consolidation read
Loss of the 52.12 range low exposes the NY base near 51.78
Thu 13:30 UTC jobless claims and unit labor costs, then Fed's Hammack, could materially shift this read