Lower highs since 53.45; range 51.18–52.35 above 50% retracement.
Wednesday's surge off 48.95 on a softer USD carried silver to the 53.45 week high in Thursday's Asia session, where it met rejection. Since then the lower-highs trendline has capped every bounce, including the 52.99 lower high, and price slid to the 51.18 Friday low, close to the 50% retracement of the rally. The NFP beat (165K vs 65K) drove a two-way NY-session spike between the 51.36 nfp low and the 52.35 nfp high with no follow-through. Price now sits pinned between a flat EMA(20) near 51.93 and EMA(50) near 51.87, with RSI(14) at 51.
Support: 51.36, 51.18, 50.67
Resistance: 52.35, 52.99, 53.45
What it said to watch
An H1 close below the 51.18 friday low breaks the 50% retracement and exposes the 61.8% fib at 50.67
A hold above the 51.36 nfp low keeps the post-payrolls range intact
A close above the 52.35 nfp high and the lower-highs trendline would break the lower-highs sequence, with the 52.99 lower high and 53.45 week high next
Fed speakers Mon Nov 9 and US CPI Tue Nov 10 13:30 UTC could materially shift this read
Lower highs from 53.45 against higher lows from 51.18, contracting.
Wednesday's election-driven surge from 48.95 met rejection at the 53.45 week high in Thursday's Asia session, and each bounce since has printed a lower high. Friday's low at 51.18 sat almost exactly on the 50% retracement of that rally. The NFP beat produced a two-way spike between the 52.35 nfp high and the 51.36 nfp low, but price has recovered to 52.15, back above a flattening EMA(20) and EMA(50) near 51.95 with RSI(14) around 56; higher lows against the falling lower-high line leave H1 compressing beneath 52.35.
Support: 51.83, 51.36, 51.18
Resistance: 52.35, 52.99, 53.45
What it said to watch
H1 close above the 52.35 nfp high breaks the lower-high line and exposes the 52.99 lower high, then the 53.45 week high
Failure to hold the 51.83 higher low reopens the 51.36 nfp low and the 51.18 friday low at the 50% retracement
Fed's Daly today, Fed speakers Monday and US CPI Tue 13:30 GMT could materially shift this read
18:06 UTC
Pullback from week high, lower highs since Thursday · RSI 47 · price 51.846
Lower highs from 53.45; 51.18–52.35 consolidation Friday.
Wednesday's late-Asia surge from 48.95 to the 53.45 week high has been retraced through a series of lower highs since Thursday's NY session. The pullback held the 50% fib of that impulse at 51.18 around Friday's London open. The hot NFP print (165K vs 65K) then produced a two-way swing in NY hours, with rejection at the 52.35 nfp high and a hold above the 51.36 nfp low, leaving price pinned between EMA(20) near 51.94 and EMA(50) around 51.80 with RSI(14) near 47.
Support: 51.36, 51.18, 50.67
Resistance: 51.94, 52.35, 53.45
What it said to watch
H1 close below the 51.36 nfp low exposes the 51.18 50% fib; failure there brings the 61.8% fib at 50.67 into view
Close above the lower-highs trendline near 52.20 and the 52.35 nfp high invalidates the lower-highs read and reopens the 53.45 week high
Repeated closes below the ema20 at 51.94 keep the pullback structure intact
Fed's Daly at 18:00 GMT today and US CPI on Tue Nov 10 could materially shift this read
Wednesday's Asia-session surge on the Democratic midterm sweep lifted silver from 48.95 to the 53.45 week high early Thursday. Every rally since has printed a lower high at 53.12, 52.99 and 52.35. Friday's Asia friday low at 51.18 sits on the 50% retracement of that impulse, and the blowout NFP print produced a two-way swing between the 52.35 nfp high and the 51.36 nfp low, a higher low that leaves price pinned to EMA(20) near 51.94 with RSI(14) neutral in the mid-50s.
Support: 51.94, 51.358, 51.178
Resistance: 52.354, 53.453
What it said to watch
An H1 close above the lower-high trendline and the 52.35 nfp high would break the sequence of lower highs from the 53.45 week high.
Failure to hold the 51.36 nfp low and the 51.18 friday low breaks the higher-low line and exposes the 61.8% fib of the Wed–Thu impulse near 50.45.
Sustained trade back below EMA(20) at 51.94 keeps the range rotation toward its lower half in play.
Fed's Bowman (17:15 GMT) and Daly (18:00 GMT) on a December hike could extend post-NFP volatility.
Tuesday's US CPI (MoM f/c 0.3%) is the next high-impact test for this range.
16:05 UTC
Rebound stalled, lower highs off week high · RSI 47 · price 51.877
Lower highs from 53.45 over a flat 51.18-51.36 base.
Wednesday's London-session impulse off 48.95, driven by the post-midterm USD and yield dip, stalled at the 53.45 week high in Thursday's Asia session. Since then price has printed a sequence of lower highs while holding the 51.18 friday low, which sits at the 50% retracement of the Wednesday impulse. The NFP beat (165K vs 65K, wages 0.4%) produced a two-way spike between the 52.35 nfp high and the 51.36 nfp low, leaving price pinned near 51.88, just under EMA(20) at 51.92 and on a flat EMA(50) near 51.84, with RSI(14) mid-range around 47.
Support: 51.36, 51.18
Resistance: 52.35, 52.99, 53.45
What it said to watch
H1 close above the 52.35 nfp high breaks the lower-high trendline and exposes the 52.99 lower high
Failure to hold the 51.36 nfp low and 51.18 friday low undercuts the 50% fib and opens the 61.8% near 50.67
Bowman (17:15 GMT) and Daly (18:00 GMT) on December-hike conviction could shift this read into the close
US CPI Tue Nov 10 13:30 GMT (m/m f/c 0.3%) is the next catalyst for a test of the 53.45 week high or the base
Silver rallied from Tuesday's 48.60 low into Wednesday's London open and peaked at the 53.45 week high in Thursday's Asia session. Each push since has printed a lower high, at 53.12, 52.99 and most recently the 52.35 NFP high. Friday has rotated in a 51.18–52.35 range with EMA(20) and EMA(50) converged flat near 51.85–51.92 and RSI(14) near 47. The hot 165K payrolls print whipsawed price to the 51.36 NFP low before it recovered to mid-range, and the Friday low sits between the 38.2% (51.60) and fib 50% (51.03) retracements of the week's rally.
Support: 51.36, 51.18, 51.03
Resistance: 52.35, 52.99, 53.45
What it said to watch
H1 close below the 51.18 Friday low breaks the range and exposes the fib 50% retracement at 51.03
H1 close above the 52.35 NFP high and the lower-high trendline would undo the lower-high sequence and puts 52.99 back in view
Rejection again under the 53.45 week high keeps the stalled-rebound read intact
Michigan sentiment and inflation expectations (15:00 GMT), then Fed's Bowman (17:15) and Daly (18:00), could materially shift this read
Lower highs from 53.45, Friday low holding 50% fib.
Wednesday's Asia-session impulse ran from 48.95 to the 53.45 week high, where it met rejection. Price has since retraced in a series of lower highs through Thursday's NY session and Friday, and is now back near the 38.2% fib around 51.73. The Friday low at 51.18 sits on the 50% retracement and has held so far. The hot NFP print spiked price to a 52.35 lower high before it reversed to the 51.45 nfp low, leaving price just below ema20 with RSI(14) in the mid-40s.
Support: 51.45, 51.18, 50.67
Resistance: 52.35, 53.45
What it said to watch
H1 close below the 51.18 friday low breaks the 50% retracement and exposes the 61.8% fib at 50.67
Close back above ema20 and the 52.35 lower high breaks the lower-high line from the week high
Failure to hold the 51.45 nfp low keeps the post-payrolls reversal intact
UoM sentiment and inflation expectations at 15:00 GMT, then Fed's Bowman (17:15) and Daly (18:00), could materially shift this read
Lower highs from 53.45 week high; 51.18–52.20 base at the 50% retracement.
Wednesday's NY-session impulse from 48.95 ran to the 53.45 week high in Thursday's Asia session, driven by the post-midterm USD and yield drop. Since then a haven-driven USD bid has carved lower highs at 53.12, the 52.99 lower high and the 52.20 Friday high. The pullback stalled at the Friday low of 51.18 into the London open, almost exactly the 50% retracement of the Wednesday impulse. Price at 52.09 has reclaimed EMA(20) near 51.97 and the ema50 at 51.85 and is pressing the lower-highs line, with RSI(14) flat near 49 as the range compresses into NFP.
Support: 51.85, 51.18, 50.67
Resistance: 52.20, 52.99, 53.45
What it said to watch
H1 close above the 52.20 Friday high breaks the lower-highs line and reopens the 52.99 lower high, then the 53.45 week high
Sustained trade back below the ema50 at 51.85 returns focus to the 51.18 Friday low
Loss of the 51.18 Friday low (50% retracement) exposes the 61.8% fib at 50.67
US October NFP at 13:30 GMT (f/c 65K, AHE 0.3%, unemployment 4.2%) could materially shift this read; UoM sentiment and inflation expectations follow at 15:00 GMT
Lower highs since Thursday's weekly high, holding 50% fib.
Wednesday's Asia-to-London impulse from 48.95 ran into Thursday's 53.45 weekly high on the midterm-driven USD and yield slide. Price has since printed a sequence of lower highs as the dollar firmed. Friday's Asian session found demand at 51.18, the 50% fib of that leg, and London lifted price to a 52.20 session high before stalling, with the thu ny low at 51.57 the first shelf below. Price is now pinned at EMA(20) near 51.97 and below EMA(50), with RSI(14) flat around 50 into NFP.
Support: 51.57, 51.18, 50.67
Resistance: 52.20, 52.99, 53.45
What it said to watch
US NFP at 13:30 GMT (f/c 65K) with AHE and unemployment could materially shift this read, followed by Michigan sentiment at 15:00 GMT
H1 close above the 52.20 session high and the lower highs trendline (~52.35) would break the pullback sequence, putting the 52.99 lower high and 53.45 weekly high back in play
Failure to hold the 50% fib at 51.18 confirms a lower-low and exposes the 61.8% fib at 50.67
Lower highs from 53.45, floor holding at 51.18–51.25.
The Wednesday Asia-session impulse from 48.95 on the midterm and US-Iran relief topped at the 53.45 week high in Thursday's Asian session. Since then, a firmer USD has driven a run of lower highs. Demand stepped in at Friday's asian low of 51.18, which sits on the 50% retracement of the impulse. The London-open bounce then met rejection at the friday high of 52.20. Price is now chopping just under the ema20 near 51.95, holding above EMA(50) at 51.80 and the 38.2% fib at 51.73, with RSI(14) neutral at 47.
Support: 51.73, 51.18, 50.67
Resistance: 51.95, 52.20, 53.45
What it said to watch
US NFP, wages and unemployment at 13:30 GMT could materially shift this read; Michigan sentiment follows at 15:00 GMT
Hourly close below the 38.2% fib at 51.73 exposes the asian low at 51.18
Failure to hold the asian low at 51.18 confirms a lower low and opens the 61.8% fib near 50.67
Close above the friday high at 52.20 breaks the lower-highs trendline and puts the 53.45 week high back in view
Lower highs below 53.45; 51.18 holding near the 50% retrace of the Wednesday impulse.
Silver surged from 48.95 through Wednesday's Asia and London sessions on the midterm-driven USD and yields slide and US-Iran relief, topping at the 53.45 week high early Thursday. Since then the week high rejected and price has printed lower highs at 53.12 and the 52.99 lower high in Thursday's NY session, breaking the 51.57 thu ny low before sliding to the 51.18 friday low in early London. That low sits at the 50% retrace of the Wednesday impulse, and the bounce to the 52.20 session high has lifted price back above EMA(20) near 51.96 and the ema50 near 51.83, with RSI(14) flat around 51.
Support: 51.83, 51.57, 51.18
Resistance: 52.20, 52.99, 53.45
What it said to watch
US October NFP, AHE and unemployment at 13:30 GMT, then Michigan sentiment at 15:00 GMT, could materially shift this read
An H1 close above the 52.20 session high and then the 52.99 lower high breaks the lower-highs sequence from the 53.45 week high
Failure to hold the ema50 and the 51.57 thu ny low reopens the 51.18 friday low
A break below the 51.18 friday low would take out the 50% retrace and extend the unwind of the Wednesday impulse
09:04 UTC
Pullback within weekly recovery, bounce under way · RSI 50 · price 52.149
Lower highs from 53.45; base at 51.18 near 50% fib.
The week's dominant leg ran from Wednesday's 48.95 low to the 53.45 week high in Thursday's Asia session as the USD slid after the Democratic midterm sweep. Since then silver has printed lower highs, the latest a 52.99 lower high late Thursday, and retraced to the 51.18 day low, almost exactly 50% of the Wednesday leg, where the Asian range held three tests. The London open bar has pushed through the lower-high line and back above EMA(20) at 51.99 into the 52.18 day high, with RSI(14) recovering to 50 from the mid-40s and the 38.2% fib at 51.73 sitting just below.
Support: 51.99, 51.73, 51.18
Resistance: 52.18, 52.99, 53.45
What it said to watch
H1 close back below EMA(20) at 51.99, then the 38.2% fib at 51.73, would return price to the lower-high sequence
Sustained trade above the 52.18 day high opens the 52.99 lower high, with the 53.45 week high above
Loss of the 51.18 day low and 50% retracement exposes the 61.8% level near 50.67
Fed's Williams at 09:30 GMT and NFP at 13:30 GMT (f/c 65K) could materially shift this read via USD and yields
Lower highs/lows since 53.45; holding 50% fib of Wed impulse.
Wednesday's Asia-session impulse from 48.95 to the 53.45 week high came as the midterm result sank the USD. It has retraced since Thursday as the dollar and yields rebounded, printing a lower high at 52.99 in NY and another at the 52.16 asian high. Asian buyers held 51.18, close to the 50% fib of the impulse. The London-open bounce is now pressing the descending lower-high line, with price below EMA(20) and EMA(50) and RSI(14) near 41.
Support: 51.18, 50.55
Resistance: 52.16, 52.99, 53.45
What it said to watch
Williams at 09:30 GMT, then NFP at 13:30 GMT (f/c 65K) could materially shift this read
H1 close below the 51.18 asian low breaks the 50% fib and puts 50.55 (tue high, near the 61.8%) in view
H1 close above the 52.16 asian high ends the lower-high sequence; 52.99 lower high and 53.45 week high sit above
Lower highs since Thursday's 53.45 peak, retracing Wednesday's impulse.
Wednesday's impulse from 48.95, driven by the post-midterm USD slump, peaked at the 53.45 week high in Thursday's Asia session. Since then each bounce has stalled lower, at 53.12, the 52.99 lower high and 52.09, as the USD rebuilt on the 189K claims print and hawkish Fed remarks into Thursday's NY session. Price is holding the 38.2–50% retracement of that impulse, with Friday's asia low at 51.20 sitting near the 50% level, while price trades below the EMA(20) near 51.93 and RSI(14) sits around 38.
Support: 51.20, 50.67
Resistance: 51.93, 52.99, 53.45
What it said to watch
H1 close above the lower-highs trendline and the ema20 near 51.93 would break the lower-highs sequence
Failure to hold the 51.20 asia low exposes the fib 61.8 retracement at 50.67
Recovery through the 52.99 lower high would put the 53.45 week high back in play
Fed's Williams at 09:30 UTC and US NFP at 13:30 UTC (f/c 65K) could materially shift this read
06:06 UTC
Pullback in Wednesday's rally, lower highs since Thursday · RSI 40 · price 51.184
Lower highs and lower lows off the 53.45 week high, testing the 50% retracement.
Wednesday's midterm-driven impulse began in the Asia session from 48.95. It topped at the 53.45 week high early Thursday, and H1 has printed lower highs since; Thursday's NY whipsaw around the jobless-claims data faded into a 51.80 ny close. Price now sits below EMA(20) and EMA(50) and is testing 51.20, the 50% fib of the rally and the Asian low zone where Wednesday's breakout accelerated, with RSI(14) near 40 ahead of NFP.
Support: 51.20, 50.67, 50.00
Resistance: 51.80, 52.16, 53.45
What it said to watch
H1 close below 51.20 (50% fib) exposes the 61.8% fib at 50.67, then the 50.00 round number
Reclaim of the 51.80 ny close and the lower-highs trendline would neutralise the pullback read; 52.16 asian high is the next cap
US NFP at 13:30 UTC (f/c 65K, AHE 0.3%) could materially shift this read; Fed's Williams at 09:30 UTC is an earlier yields catalyst
Lower highs off the 53.45 week high, price below EMA20 and EMA50.
The midterm-driven USD slide fuelled a 48.95–53.45 impulse from Wednesday's Asia session into Thursday's, but price was rejected at the 53.45 week high as the USD and yields recovered. Thursday's 52.40–53.10 range broke lower during NY hours. The lower high at 52.99 confirmed the turn, and price now sits below EMA20 (~52.05) and EMA50 (~51.81) with RSI(14) near 41. The Asian low at 51.24 is being tested, just above the 50% retracement of the impulse at 51.20.
Support: 51.239, 50.668
Resistance: 52.05, 52.986, 53.453
What it said to watch
US NFP at 13:30 UTC (f/c 65K) and AHE could materially shift this read
H1 close below the 51.24 asian low exposes the fib 61.8% at 50.67
Recovery above EMA20 at 52.05 and the 52.99 lower high would neutralise the lower-highs sequence and reopen the 53.45 week high
Fed's Williams at 09:30 UTC could move yields ahead of the jobs data
04:04 UTC
Pullback within Wednesday's rally, lower highs since Thursday · RSI 38 · price 51.45
Lower highs from 53.45 week high; price holding between 38.2% and 50% of the Wednesday impulse.
The Wednesday impulse that followed the midterm result ran from 48.95 to a 53.45 week high in Thursday's Asia session, and that high drew a rejection. H1 has printed lower highs since. Thursday's NY session swung 51.57–52.99 as USD and yields recovered on the 189K claims print, then broke below the 52.40 range floor. Price at 51.45 sits below EMA(20) near 52.00 with RSI(14) near 38, holding just above the 51.24 asian low and the 50% fib of the Wednesday impulse.
Support: 51.24, 50.67
Resistance: 52.00, 52.16, 53.45
What it said to watch
H1 close below the 51.24 asian low opens the 61.8% fib at 50.67
Recovery above EMA(20) and the 52.16 Asia session high breaks the lower-high sequence and puts the 53.45 week high back in focus
US NFP at 13:30 UTC (f/c 65K) with AHE and unemployment could materially shift this read; Fed's Williams speaks at 09:30 UTC
Lower highs and lower lows since Thursday's 53.45 week high.
Silver rose from 48.95 into Wednesday's London session, lifted by the post-midterm USD and yield slide, and reached the 53.45 week high early Thursday. Since then it has printed lower highs. Thursday's NY session whipsawed between the 51.57 thu low and the 52.99 thu ny high as claims at 189K helped the dollar recover, and Friday's Asian low at 51.24 extended the sequence. Price now sits below EMA(20) near 52.17 and flat on EMA(50), testing the 38.2% fib of the Wednesday rally at 51.73, with RSI(14) at 43 in a flag-like pullback.
Support: 51.73, 51.57, 51.24
Resistance: 52.17, 52.99, 53.45
What it said to watch
US jobs report at 13:30 UTC (NFP f/c 65K, AHE 0.3%) could materially shift this read; Fed Williams at 09:30 UTC is the earlier risk
H1 close back above the lower-highs line and the ema20 at 52.17 would ease the pullback structure, with the thu ny high at 52.99 next
Failure to hold the 51.24 asian low breaks the 50% fib (51.20) and exposes the 61.8% retracement near 50.67
Acceptance above the 53.45 week high would mark a higher high and end the lower-highs sequence
A break below the 38.2% fib at 51.73 and the 51.57 thu low would extend the lower-low sequence
02:05 UTC
Pullback within the week's rally, lower highs since Thursday · RSI 41 · price 51.687
Lower highs and lower lows below EMA20, testing 38.2% of the Wed-Thu rally.
The week opened at 49.33 and slid to 48.60 on Tuesday. The dominant move came from Wednesday's Asia session after the Democratic midterm sweep knocked USD and yields lower, carrying silver from 48.95 to a 53.45 week high by Thursday's Asia session. The move met rejection there, and Thursday's NY session whipsawed between the 51.57 ny low and a 52.99 lower high after the claims beat. Price now trades below the ema20 near 52.20 inside a descending channel of lower highs, sitting just under the 38.2% Wed-Thu rally retrace at 51.73. Friday's 51.24 asia low lies close to the 50% level.
Support: 51.57, 51.24, 50.67
Resistance: 52.20, 52.99, 53.45
What it said to watch
H1 close back above the lower highs trendline and ema20 near 52.20 would neutralise the pullback read; the 52.99 lower high is the next structural cap
Failure to hold the 51.24 asia low / 50% retrace exposes the 61.8% fib at 50.67
Recovery through the 53.45 week high would resume the Wed-Thu rally structure
US NFP, AHE and unemployment at 13:30 UTC Friday (Williams at 09:30 UTC) could materially shift this read
01:05 UTC
Weekly uptrend, correcting since Thursday high · RSI 48 · price 51.955
Lower highs and lower lows off the 53.45 week high.
Wednesday's Asia-session surge off 48.95, driven by the post-midterm USD and yield drop, carried silver to a 53.45 week high early Thursday, where the rally met rejection. Since then H1 has printed lower highs and lower lows. Thursday's NY session swung from the 51.57 NY low to a 52.99 lower high as the USD recovered on firm claims, and the 51.24 Asia low is holding near the 50% retrace of the Wednesday rally. Price sits below EMA(20) at 52.23 and is pinned to EMA(50) near 51.90, with RSI(14) back to 48 after Thursday's overbought readings.
Support: 51.574, 51.239, 50.67
Resistance: 52.23, 52.986, 53.453
What it said to watch
An H1 close back above the 52.23 EMA(20) and the 52.99 lower high would break the lower-highs sequence
Losing the 51.24 Asia low and the rally trendline from Wednesday's 48.95 low (near 51.35) exposes the 61.8% fib at 50.67
Acceptance above the 53.45 week high would resume the Wednesday impulse
Fed's Williams speaks at 09:30 UTC, then NFP (f/c 65K) and AHE at 13:30 UTC; both could materially shift this read
00:05 UTC
Weekly uptrend, now in a corrective pullback · RSI 43 · price 51.709
Lower highs and lower lows off the 53.45 week high, testing the 38.2% fib.
Silver ran from Tuesday's 48.60 week low to a 53.45 week high in Thursday's Asia session. Most of the lift came in a single Wednesday Asia-session impulse from 49.15, as the post-midterm USD and yield drop hit. Since that rejection, the claims beat whipsawed Thursday's NY session between 53.12 and the 51.57 thu ny low. Each bounce has printed a lower high (52.99, then 52.61). Price now sits below EMA(20) near 52.24 and EMA(50), with RSI(14) at 43, holding around the 38.2% fib of the week's rally just above the 51.24 asia low.
Support: 51.574, 51.239, 51.03
Resistance: 52.24, 52.986, 53.453
What it said to watch
H1 close below the 51.24 asia low extends the lower-low sequence toward the 50% fib near 51.03
Reclaim of ema20 (~52.24) and a close above the 52.99 lower high would break the pullback structure
Acceptance above the 53.45 week high (channel top) would flip the read back to trend continuation
Williams at 09:30 UTC and NFP / AHE at 13:30 UTC Friday could materially shift this read