Lower highs since Monday's 62.02 peak; twin lows near 58.50.
Monday's relief rally from the 60.63 weekly open was rejected at 62.02. Lower highs followed at 61.85 Tuesday and 60.58 Thursday. That Thursday rebound in the Asian session stalled at the 61.8% fib of the Tuesday-high-to-Thursday-low move and was sold as hawkish FOMC minutes, firm yields and oil kept pressure on. Lows at 58.49 and 58.53 during Thursday's London and NY hours have since produced a grind back above the ema20 (~59.24), with RSI(14) recovering to mid-50s. Price is now pressing the session high at 59.43, the neckline of a possible double bottom, while still sitting below EMA50 and the lower-highs trendline near 59.70.
Support: 59.24, 58.50
Resistance: 59.43, 60.00, 60.58
What it said to watch
H1 close above the 59.43 session high would complete the double bottom and opens the 60.00 psych level, then the lower-highs trendline ~59.70 overhead first
Rejection at 60.00 psych or the 60.58 61.8% fib keeps the lower-high sequence intact
Loss of the ema20 at ~59.24 returns focus to the 58.50 2-month low; a close below confirms a lower-low
UoM sentiment and 1y/5y inflation expectations Fri 14:00 UTC could materially shift this read
Lower highs from Monday's 62.02; 58.50–59.40 base.
Silver has printed lower highs since Monday's 62.02 London-session peak. The hawkish FOMC minutes and firm yields broke the 60.00 psych level, and Thursday's London session set a week low at 58.49 after the Asian rebound stalled at the 60.58 lower high. Since then price has based between 58.50 and the 59.40 range top, with a second probe to 58.53 in NY hours holding. The last close sits just above an ema20 near 59.20, and RSI(14) has recovered to ~52 from near-oversold.
Support: 59.20, 58.494
Resistance: 59.399, 60.00, 60.58
What it said to watch
H1 close above the 59.40 range top would mark a first higher high off the week low and open a test of 60.00 psych
Lower-highs trendline near 59.70 and the 38.2% fib at 59.84 sit as the next caps on any rebound
Reclaim of the 60.58 lower high would break the week's lower-high sequence
Failure to hold the 58.50 week low resumes the lower-low sequence; loss of the ema20 at 59.20 would shift price back toward it
UoM sentiment and 1y/5y inflation expectations (Fri 14:00 UTC) could materially shift this read
Lower-high/lower-low sequence, now a tight box above the week low.
Silver opened the week at 60.63, squeezed to 62.02 in Monday's London session, then printed a lower high at 61.85 on Tuesday before hawkish FOMC minutes and rising yields drove it through $60 and the 58.98 wed low. Thursday's Asian bounce stalled at 60.58, in line with the 61.8% retracement of the drop, and London hours carried price to a 58.494 week low. Since then it has held a 58.50–59.40 box, with price pinned at EMA(20) near 59.21 and RSI(14) recovering from the low 30s to the mid-40s.
Support: 58.98, 58.494
Resistance: 59.40, 59.777, 60.58
What it said to watch
H1 close above the 59.40 session high exposes the 59.78 fib 38.2 and breaks the lower-highs sequence
Loss of the 58.494 week low confirms a fresh lower-low; the double print at 58.49/58.53 is the floor of the box
Reclaiming the wed low at 58.98 has held so far; a close back below it puts the week low in focus
Lower-highs line and the 60.58 lower high define where the downtrend read would be invalidated
UoM sentiment plus 1y/5y inflation expectations Fri 14:00 UTC (~17h) could materially shift this read
Silver has printed lower highs since Monday's London-session peak at 62.02. The week open at 60.63 gave way Wednesday, and Thursday's Asia rejection at the 60.58 lower high led to a slide through London to a 58.49 week low as the hawkish FOMC-minutes backdrop held. A second probe to 58.53 in NY hours held with RSI(14) at a higher low against lower closes (bullish divergence), and price now sits fractionally under EMA(20) near 59.23, just above the 59.00 round number, with the 59.40 bounce high (near the 23.6% fib) capping and EMA50 converging with the lower-high trendline around 59.74.
Support: 59.00, 58.494
Resistance: 59.399, 59.741, 60.58
What it said to watch
H1 close above the 59.40 bounce high turns the 58.50 area into a twin-low base and puts ema50 and trendline confluence near 59.74 in play
Rejection at ema50 / lower-high trendline near 59.74 keeps the lower-high sequence intact below 60.58
Loss of the 59.00 round number reopens the 58.494 week low; an H1 close below it confirms a lower-low
UoM sentiment and 1y/5y inflation expectations Fri 14:00 UTC (~18h) could materially shift this read
Lower highs and lower lows since Monday, now a 58.50–59.40 base.
Silver has printed lower highs since Monday's 62.02 peak, set in the first hour of NY. The hawkish FOMC minutes drove Wednesday's NY-hours break below 60.00, and Thursday's Asia bounce to 60.58 was sold from late Asia into London, reaching a 58.49 week low. Price has since compressed between that week low and a 59.40 range top, just under EMA(20) near 59.22. RSI(14) has recovered to about 44 from below 30, making a higher low while closes retested the lows.
Support: 58.494
Resistance: 59.22, 59.40, 60.00
What it said to watch
H1 close above the 59.40 range top and ema20 would put the 23.6% week high-low fib in play, with the lower-highs trendline near 59.80 and 60.00 psych above
Failure to hold the 58.49 week low extends the lower-low sequence and voids the RSI divergence; digest flags 56.57 as the next reference
UoM sentiment and 1y/5y inflation expectations, Fri 14:00 UTC, could materially shift this read
Rejection at 60.00 psych on any rebound would keep the lower-highs trendline intact
Lower highs and lower lows since Monday; basing above 58.50.
Lower highs run from Monday's 62.022 London peak to Tuesday's 61.853 late-NY high and today's 60.58 Asia high. The hawkish FOMC minutes and yields near two-decade highs drove the break below psych 60 and a fresh week low at 58.494 in London today. NY-session bounces have stalled at the 59.399 bounce high while 58.525 held as a retest of the low, leaving price pinned just under ema20 near 59.23 with RSI(14) recovering to the low 40s from the mid-30s.
Support: 58.494
Resistance: 59.23, 59.399
What it said to watch
H1 close above ema20 and the 59.399 bounce high would print a higher high off the week low and hint at a base
Failure to hold psych 59 followed by a break of the 58.494 week low extends the lower-low sequence
Reclaim of psych 60 and the lower-highs trendline near 59.9 would neutralise the breakdown; the 60.58 Asia high sits at the 61.8% fib
Michigan sentiment and UoM inflation expectations Fri 14:00 UTC could materially shift this read
Lower highs since Monday; consolidating above week low.
Silver has set lower highs since Monday's London peak at 62.02. Wednesday's break of the $60 psych level followed the hawkish FOMC minutes, and Thursday's Asian bounce met rejection at the 60.58 asian high, the 61.8% fib of the Tue–Thu leg. Price now holds below EMA(20) and EMA(50) with RSI(14) near 34, compressing between the 58.494 week low and a 59.399 session high set during NY hours.
Support: 58.494
Resistance: 59.399, 60.00, 60.58
What it said to watch
H1 close below the 58.494 week low extends the lower-low sequence
Recovery above the 59.399 session high and EMA(20) would mark the first stabilisation since the $60 break
Reclaim of the 60.00 psych level and 60.58 asian high breaks the lower-highs line and the 61.8% fib cap
Fed's Musalem at 17:40 UTC and Fri 14:00 UTC Michigan sentiment/inflation expectations could materially shift this read
Lower highs and lower lows below broken 60.00 floor.
Silver has set lower highs all week, from Monday's 62.02 to Tuesday's 61.85 and Thursday's Asian-session 60.58, after the hawkish FOMC minutes broke the 60.00 psych floor. Thursday's drop printed a week low at 58.49 below the london low of 58.68. The NY bounce stalled at 59.40, between the 38.2% and 50% retracements of the slide, and price is back below the ema20 with RSI(14) in the low 30s.
Support: 58.682, 58.494
Resistance: 59.15, 59.399, 60.00
What it said to watch
H1 close above the 59.40 lower high opens a retest of the 60.00 psych level and the lower-highs trendline
Failure to hold the 58.49 week low extends the lower-low sequence
Holding back under the ema20 near 59.15 keeps the H1 pullback cycle intact
Fed's Musalem at 17:40 UTC could materially shift this read via yields
Fri 14:00 UTC Michigan sentiment and inflation expectations are the next macro risk
Lower highs and lower lows since Tuesday's 61.85 peak.
The week opened at 60.63 and peaked at 62.02 on Monday. Each rally since has printed a lower high, at 61.85 on Tuesday and 60.58 in Thursday's Asian session, as hawkish FOMC minutes and rising Treasury yields drove silver lower. Thursday's selloff from late Asia into London cut through 59.00 to a 58.49 week low. The bounce after jobless claims stalled at the 59.40 session high, and price is back below EMA(20) near 59.25 with RSI(14) lifting from oversold into the low 30s.
Support: 58.494
Resistance: 59.25, 59.399, 60.58
What it said to watch
H1 close above the 59.40 session high and EMA20 would print the first higher high since Tuesday
Failure to hold the 58.49 week low extends the lower-low sequence
A break of the lower-highs trendline near 60.00, then through the 60.58 lower high (near the 61.8% fib), would neutralise the downtrend read
Fed's Musalem at 17:40 UTC and Friday's 14:00 UTC UoM sentiment and inflation expectations could shift yields and this read
14:05 UTC
Downtrend, bouncing off week low under ema20 · RSI 37 · price 59.177
Lower highs and lower lows since Monday's 62.02 peak.
Each day since Monday's 62.02 peak has printed a lower high. Wednesday's slide into the NY open and Thursday's early-Europe drop through $59 set the week low at 58.49, with hawkish FOMC minutes and firm yields weighing. The 13:00 UTC bounce has reclaimed the wed low at 58.98 but sits under the ema20 near 59.37 and the 23.6% fib of the 62.02–58.49 move, while the round number 60.00, near the lower highs trendline, and the Asia high at 60.58 cap overhead.
Support: 58.978, 58.494
Resistance: 59.37, 60.00, 60.58
What it said to watch
Kashkari 14:40 UTC and Musalem 17:40 UTC could materially shift this read through the yield channel
Rejection at the ema20 near 59.37 keeps the bounce inside the lower highs sequence
H1 close above the 60.00 round number and the lower highs trendline would neutralise the breakdown; the asia high at 60.58 is the next marker
Failure to hold the 58.98 wed low exposes the 58.49 week low; a close below it extends the lower-low sequence
Fri 14:00 UTC UoM sentiment and inflation expectations are the next scheduled yield catalyst
13:06 UTC
Downtrend, lower highs each day since Monday · RSI 38 · price 59.052
Lower highs and lower lows; Thursday broke below Wednesday's low to a fresh week low.
Silver has printed a lower high every day since Monday's 62.022 week high. After the hawkish FOMC minutes, Thursday's Asia rebound to the 60.58 asia high was sold, and the London slide cut through Wednesday's 58.978 wed low to a 58.494 week low. Price is pinned under the H1 EMA(20) near 59.35 and the descending lower-highs trendline, with RSI(14) around 38. It has not reached oversold, and the bounce off the week low is shallow so far.
Support: 58.978, 58.494
Resistance: 59.35, 59.844, 60.58
What it said to watch
H1 close below the 58.494 week low extends the lower-low sequence; holding back above the 58.978 wed low keeps a basing attempt alive
Recapture of the ema20 (~59.35) and then the 59.844 thu open, which coincides with the 38.2% of the Mon-Thu fib, would be the first sign the decline is stalling
A break of the lower-highs trendline, with an H1 close above the 60.58 asia high, invalidates the daily lower-high structure
Fed's Kashkari (14:40 UTC) and Musalem (17:40 UTC) on the hike path could materially shift this read via 10Y yields
Fri 14:00 UTC Michigan Sentiment and UoM inflation expectations are the next yield-sensitive risk
12:05 UTC
Downtrend, oversold after extension · RSI 28 · price 58.75
Lower highs, lower lows since Monday's 62.02 high.
Monday's soft-NFP rally stalled at 62.02. Each session since has set a lower high, and the hawkish FOMC minutes knocked silver through 60.00 into Wednesday's 58.98 low (wed low). Thursday's rebound to the 60.58 rebound high was rejected just above EMA(20), and the slide extended to a 58.49 week low. Price now sits well below the ema20 near 59.42, with RSI(14) at 28 in oversold territory and printing a marginally higher low than Wednesday's flush.
Support: 58.494, 58.00
Resistance: 58.978, 59.42, 60.58
What it said to watch
US Initial Jobless Claims (12:30 UTC), then Kashkari (14:40 UTC) and Musalem (17:40 UTC), could materially shift this read via yields
An H1 close back above the 58.98 wed low would reframe today's break as a false break, with the ema20 near 59.42 next overhead
Failure to hold the 58.49 week low extends the lower-low sequence toward the 58.00 round number
A rally into the lower-high line and the fib 38.2% of the week's decline (~59.84) tests the structure; a close above the 60.58 rebound high negates the lower-high read
11:04 UTC
Downtrend, extending to new week lows · RSI 32 · price 58.855
Lower highs from 61.85 Tue, fresh lower low at 58.49 after $59 area gave way.
The week opened at 60.63 and the soft-NFP squeeze stalled at the 62.02 week high in Monday's London session. The tape then ranged 60.27–61.85 through Tuesday before breaking below 60.00 during Wednesday's NY hours on hawkish FOMC minutes, printing the 58.98 wed low. Thursday's Asian rebound met rejection at the 60.58 asia high, near the 61.8% fib of the week-high-to-low move, and London-hours selling carved a 58.49 day low. Price sits below both EMAs, RSI(14) is near 32 but not yet oversold, and lower highs are capping each bounce.
Support: 58.494, 58.00
Resistance: 58.978, 60.58, 62.022
What it said to watch
Hourly acceptance back above the 58.98 wed low would turn today's break of the $59 area into a false break
Failure to hold the 58.49 day low extends the lower-low sequence toward the 58.00 round number
Close above the 60.58 asia high and the lower-highs line invalidates the descending structure; 62.02 week high is the bigger cap
US Initial Jobless Claims at 12:30 UTC and Kashkari at 14:40 UTC could materially shift this read
RSI(14) dipping under 30 while price holds the day low would flag oversold conditions within the downtrend
Lower highs and lower lows, fresh week low after range break.
Silver has printed lower highs from Tuesday's 61.853. The hawkish FOMC minutes unwound Monday's NFP-driven squeeze toward 62.02, and today's Asian bounce to the 60.58 asia high was sold into the European morning. Price now trades below EMA(20) near 59.55 and below EMA(50), sitting just above a fresh week low at 58.682. The broken wed low at 58.978 now sits overhead, and RSI(14) in the mid-30s shows no bullish divergence yet.
Support: 58.682, 58.00
Resistance: 58.978, 59.55, 60.58
What it said to watch
H1 close back above the 58.978 wed low and the 59.55 ema20 would ease downside pressure; the 38.2% fib near 59.89 is the next test
Failure to hold the 58.682 week low extends the lower-low sequence toward the 58.00 round number
Lower-high trendline from Tuesday's high sits near 60.20, with the asia high at 60.58 just above; a break of both invalidates the downtrend read
US Initial Jobless Claims at 12:30 UTC, then Kashkari at 14:40 and Musalem at 17:40 UTC, could materially shift this read
Lower highs since Tuesday, range broken to the downside.
Silver has printed lower highs since Tuesday's 61.853 peak. Wednesday broke the Monday–Tuesday 60.27–62.02 range as hawkish FOMC minutes and 10Y yields above 5.3% erased the soft-NFP rally. Thursday's Asia-session bounce reclaimed the 60.00 psych level only briefly. It met rejection at the 60.58 asia high, just under the 60.632 weekly open, then sold through the 58.978 wed low into the London open to a new week low at 58.682. Price sits well below EMA(20) near 59.55 and EMA(50), with RSI(14) pressing 30.
Support: 58.682, 58.00
Resistance: 58.978, 60.00, 60.58
What it said to watch
Fed's Waller at 08:30 UTC and Jobless Claims at 12:30 UTC (f/c 200K) could materially shift this read
H1 close back above the 58.978 wed low would mark the break as a false break
Failure to hold the 58.682 week low extends the lower-low sequence toward the 58.00 psych level
Reclaiming 60.00 psych and the 60.58 asia high would break the lower-highs trendline and stall the downtrend
RSI(14) below 30 with no bullish divergence keeps momentum aligned with the downtrend
07:05 UTC
Downtrend, lower highs through the week · RSI 32 · price 58.998
Lower highs and lower lows since Monday's 62.022 week high.
Silver has printed lower highs at 62.022 on Monday, 61.853 on Tuesday and 60.58 in Thursday's Asia session. Wednesday's NY-session break below the 60.00 psych level extended into the European open to a fresh week low at 58.841, just under the Wednesday low at 58.978, as 5%+ US yields and the hawkish FOMC minutes unwound the soft-NFP rally. Price sits below both EMA(20) and EMA(50) with RSI(14) near 32. The Asia high at 60.58, just under the 60.632 weekly open, marked a rejection, and rebounds have stalled below the 38.2% fib of the Tuesday–Thursday decline near 60.00.
Support: 58.978, 58.841
Resistance: 60.00, 60.58, 61.853
What it said to watch
Waller 08:30 UTC and Initial Jobless Claims 12:30 UTC (f/c 200K) could materially shift this read
H1 close back above the 60.00 psych level and the 38.2% fib would signal the selloff is stalling
A break through the lower-high line and the 60.58 asia high would end the lower-high sequence
Failure to hold the 58.841 week low and the 58.978 wed low extends the lower-low sequence
Recovery through the 61.853 lower high would invalidate the downtrend read
Lower highs and lower lows; Thursday bounce failed at 50% fib.
Silver has printed lower highs since Monday's 62.022 week high. Wednesday's selloff into the London-NY transition reached the 58.978 week low as yields climbed, and the hawkish FOMC minutes kept recoveries capped near the 60.00 psych level. Thursday's Asia session bounce stalled at 60.58, the 50% fib of the Monday-Wednesday drop and just under the week open, before a late-Asia flush back to 59.21 left price below EMA(20) with RSI(14) near 34 and the lower-high trendline from Tuesday's 61.853 intact.
Support: 58.978
Resistance: 60.00, 60.58, 61.853
What it said to watch
H1 close below the 58.978 week low confirms a lower-low and extends the downtrend sequence
Recovery above the 60.00 psych level and EMA(20) would neutralise this morning's breakdown, with the 60.58 50% fib as the next cap
A break of the lower-high trendline from 61.853 would challenge the downtrend structure
Fed's Waller (08:30 UTC) and Initial Jobless Claims (12:30 UTC, f/c 200K) could materially shift this read via yields and USD
Lower highs from 62.02, post-minutes range 59.60–60.58.
Silver opened the week at 60.63 and printed its week high at 62.02 during Monday's London session. It then put in a lower high at 61.85 into Tuesday's NY close before grinding lower through Wednesday. The hawkish FOMC minutes drove a spike to the 58.98 week low, and since then price has held a 59.60–60.58 consolidation. The Asia-session bounce met rejection at 60.58, just under the weekly open, and price now sits on EMA(20) near the 38.2% fib of the 61.85–58.98 leg, with RSI(14) back at mid-range.
Support: 59.92, 59.60, 58.98
Resistance: 60.58, 60.63, 61.85
What it said to watch
H1 close above the 60.58 Asia high and 60.63 weekly open breaks the lower-high trendline and invalidates the downtrend read
Failure to hold the 59.60 range floor exposes the 58.98 week low and the 59.00 psych area
Fed's Waller 08:30 UTC and Initial Claims 12:30 UTC (f/c 200K) could break the current consolidation in either direction
Acceptance back below EMA(20) at 59.92 returns price to the lower half of the post-minutes range
03:06 UTC
Downtrend, corrective bounce in Asia · RSI 46 · price 60.207
Lower high Tue below Mon peak, Wed breakdown under 60.00, now retesting the broken floor.
Silver printed a lower high at 61.85 on Tuesday beneath Monday's 62.02 peak. It then broke the 60.00 round number in Wednesday's NY session to a 58.98 week low as hawkish FOMC Minutes and two-decade-high yields firmed the USD. Price built a base between the 59.60 base low and 60.22 into Wednesday's close and has reclaimed 60.00 in Asia, back above EMA(20) near 60.09 and the 38.2% fib, but it remains below EMA(50), the 60.63 weekly open and the 60.58 Asia high. RSI(14) has recovered to ~46 from oversold, so the bounce so far reads as a retest of the breakdown within the lower-high sequence.
Support: 60.00, 59.597, 58.978
Resistance: 60.58, 60.632, 61.853
What it said to watch
H1 close above the 60.63 weekly open and the 60.58 Asia high puts the 61.8% fib near 60.86 in play
Failure to hold the 60.00 round number returns focus to the 59.60 base low and the 58.98 week low
Break above the lower-high trendline from 62.02 invalidates the downtrend read
Fed's Waller 08:30 UTC and Initial Jobless Claims 12:30 UTC (f/c 200K) could materially shift this read; Musalem follows at 17:40 UTC
Lower highs from 62.07; new lower low at 58.98, now retracing.
Silver has printed lower highs all week, from Friday's 62.07 NFP spike to 62.02 Monday and the 61.85 lower high on Tuesday. Hawkish FOMC Minutes pushed it through the 60.00 psych level on Wednesday, with a swing low at 58.98 into the NY open, then a 59.60–60.20 range with the range low holding. Today's Asia session reclaimed 60.00 and EMA(20) near 60.09, tagging a 60.58 Asia high just above the 50% retracement of the 61.85–58.98 drop, while EMA(50) near 60.44 and the 60.63 weekly open sit directly overhead.
Support: 60.00, 59.60, 58.98
Resistance: 60.58, 60.63, 61.85
What it said to watch
H1 close back below 60.00 psych and EMA(20) turns the Asia bounce into a failed retest
Acceptance above the 60.63 weekly open and EMA(50) opens the 61.8% fib near 60.76, with the 61.85 lower high beyond
Break of the 59.60 range low re-exposes the 58.98 swing low
Waller 08:30 UTC, Initial Jobless Claims 12:30 UTC (f/c 200K) and Musalem 17:40 UTC could materially shift this read via yields and USD
01:06 UTC
Downtrend, early Asia bounce · RSI 54 · price 60.366
Lower highs from 62.07; base above 58.98 week low.
Silver has printed lower highs since Friday's NFP spike to 62.07, through Monday's 62.02 and the 61.85 Tuesday high. Hawkish FOMC Minutes and firmer yields accompanied Wednesday's NY-session slide through $60 to a 58.98 week low. Price then based in a 59.60–60.20 range above the range low and has pushed back above $60 and the ema20 in Thursday's Asia session. The bounce is now pressing the fib 50% retracement of the Tuesday-Wednesday drop near 60.42, with the weekly open at 60.63 just above and RSI(14) recovering to the mid-50s.
Support: 60.09, 59.597, 58.978
Resistance: 60.416, 60.632, 61.853
What it said to watch
An H1 close above the 60.63 weekly open and the 61.8% fib near 60.76 would challenge the lower-high sequence
A rejection at the fib 50% near 60.42 keeps the bounce inside the falling trendline structure
Failure to hold the ema20 near 60.09 and a return below the 59.60 range low reopens the 58.98 week low
Fed's Waller (08:30 UTC), Jobless Claims (12:30 UTC, f/c 200K) and Musalem (17:40 UTC) could materially shift this read
60.27–62.02 range broken lower; compressing 59.60–60.22.
Monday's NFP-relief push stalled at 62.02 in London and Tuesday's 61.85 lower high came before a steady Wednesday slide through the 60.27 range floor. The early-NY flush to the 58.98 week low was followed by a rebound that stalled at 60.22, just above the 38.2% level of the Mon high–Wed low fib, and the hawkish FOMC Minutes left price pinned between the 59.60 minutes low and EMA(20) near 60.04. RSI(14) has recovered from ~30 to ~39 without reaching 50, and price holds below the 60.63 weekly open.
Support: 59.60, 58.98
Resistance: 60.04, 60.27, 60.63
What it said to watch
H1 close back above EMA(20) and the 60.27 range floor would undo the breakdown read, with the 60.63 weekly open next above
Failure to hold the 59.60 minutes low exposes the 58.98 week low and the $59 handle
Waller (08:30 UTC) and Initial Jobless Claims (12:30 UTC, f/c 200K) could materially shift this read, with Musalem at 17:40 UTC