XAG/USD AI Live Scan, 15-minute chart, Friday, 9 October 2026

Every read JAFX AI made on the XAG/USD 15-minute chart that day, newest first: trend, structure, the levels it marked and what it said to watch.

20:48 UTC

Intraday uptrend, stalling below session high · RSI 55 · price 60.809

Lower highs from 61.173, compressing 60.635–61.03 into Friday close.

Silver extended Friday's oil-and-yield-pullback bounce from the 60.10 London low to a 61.173 session high early in NY hours, but met rejection there. Late NY has carved a lower high at 61.03, while the 60.635 swing low held at the 50% retrace of the rally. Price is pinned on EMA20 near 60.80 in thin pre-close trade.

Support: 60.635, 60.10

Resistance: 61.03, 61.173

What it said to watch

  • M15 close above the 61.03 lower high breaks the lower-highs line and puts the 61.173 session high back in play
  • Failure to hold the 60.635 swing low (50% fib) exposes the 61.8% near 60.51, then the 60.10 London low
  • Weekend oil and US-Iran headlines carry gap risk for the Monday open

20:33 UTC

Intraday uptrend, stalling below NY high · RSI 52 · price 60.803

Post-breakout range 60.635–61.03, lower highs.

Silver cleared the Asian high at 60.597 in the first hour of NY and printed a 61.173 NY high as oil and yields eased after Trump called the Iran talks productive. Since then it has ranged 60.635–61.03 under a descending line of lower highs, with the swing low holding at the 50% fib of the NY leg. Into the Friday close it sits flat on EMA20 with RSI(14) at 52.

Support: 60.635, 60.597, 60.51

Resistance: 61.03, 61.173

What it said to watch

  • M15 close below the 60.635 swing low exposes the 60.597 asian high and the 61.8% fib near 60.51
  • M15 close above the 61.03 lower high breaks the descending line and reopens the 61.173 ny high
  • Weekend Iran and oil headlines carry gap risk for the next open

20:18 UTC

Intraday uptrend, pausing below session high · RSI 47 · price 60.723

Lower high at 61.03 after 61.17 peak, holding above Asia high.

Silver ran from the 60.10 London low to a 61.17 session high early in NY as oil and yields eased, then stalled into a 60.64–61.03 band capped by a lower high at 61.03. Late in NY, price sits on the 50% retracement near the 60.64 late low, just above the 60.60 Asia high, with RSI(14) neutral near 47.

Support: 60.635, 60.597, 60.10

Resistance: 61.03, 61.173

What it said to watch

  • Close below the 60.64 late low and 60.60 Asia high extends the pullback toward the 61.8% retracement near 60.51
  • Recovery above the 61.03 lower high reopens the 61.17 session high
  • Friday close is near; weekend oil and Iran headlines carry gap risk into the Asia session open
  • US CPI Wed Oct 14 12:30 UTC (f/c 3.6%) could materially shift this read

20:06 UTC

Intraday uptrend stalling, late-NY pullback · RSI 41 · price 60.674

Lower high at 61.03 below 61.17 NY high; afternoon range floor broken.

Asia carried silver through $60, London faded to the 60.10 london low, then NY ran to the 61.17 ny high as yields and oil eased. Late NY has printed a lower high at 61.03 and slipped through the 60.70 range floor. Price now sits on the 50% fib of the NY leg at 60.64, with RSI(14) near 41.

Support: 60.637, 60.51, 60.10

Resistance: 60.70, 61.03, 61.173

What it said to watch

  • M15 close back above the 60.70 range floor negates the range break
  • Failure to hold the 50% fib at 60.64 exposes the 61.8% fib at 60.51
  • A break above the lower-highs trendline near 61.03 reopens the 61.17 ny high
  • Friday close is near; weekend oil/Middle East headlines carry gap risk into Monday's open

19:48 UTC

Uptrend, pausing below session high · RSI 46 · price 60.762

Post-NY range 60.68–61.17, lower high at 61.03.

Silver cleared 60.00 in Asia, then ran to a 61.17 session high in early NY as oil and yields eased on Trump's Iran comments. Since then it has held a 60.68–61.17 range with a lower high at 61.03. Late NY it sits on the 38.2% fib of the 60.10–61.17 leg, just under EMA20.

Support: 60.68, 60.60, 60.00

Resistance: 61.03, 61.17

What it said to watch

  • M15 close below the 60.68 ny low breaks the range floor and exposes the 60.60 asia high near the 50% fib
  • Close above the 61.03 lower high and the 61.17 session high reopens the uptrend leg
  • Failure to hold the 60.00 psych level would undo Friday's NY breakout
  • Weekend Middle East and oil headlines carry gap risk into Monday's open; Friday close liquidity is thin

19:33 UTC

Intraday uptrend stalled, consolidating below highs · RSI 45 · price 60.779

NY-session consolidation 60.68–61.17 with a lower high at 61.03.

Silver extended its rally from Asia into early NY, as yields and oil eased, and printed a 61.17 session high before stalling. Since then it has held a 60.68–61.17 consolidation. The latest push failed at a 61.03 lower high, the trendline off the top, and price is back in the lower half below EMA20 with RSI(14) near 45. The range low sits close to the 38.2% fib of the london low to session high leg.

Support: 60.68, 60.53, 60.10

Resistance: 61.03, 61.17

What it said to watch

  • M15 close below the 60.68 range low breaks the NY consolidation and exposes the london high at 60.53, then the london low at 60.10
  • Close above the 61.03 lower high and trendline reopens the 61.17 session high
  • Late Friday NY session into the weekly close. Weekend Middle East and oil headlines carry gap risk for the Monday open

19:18 UTC

Intraday uptrend, stalling below session high · RSI 50 · price 60.871

Post-rejection range 60.68–61.03 with lower highs under 61.17.

Asia lifted silver from 59.22 through 60.00 on softer oil and yields, London dipped to a 60.10 low, and NY pushed to a 61.17 session high. The rejection came into the UoM release, where 1y inflation expectations rose to 4.7%. Late in NY, price is holding a 60.68 range low to 61.03 range top box with lower highs, RSI(14) flat near 50.

Support: 60.68, 60.60, 60.10

Resistance: 61.03, 61.17

What it said to watch

  • M15 close above the 61.03 range top breaks the lower highs sequence and puts the 61.17 session high back in play
  • Failure to hold the 60.68 range low exposes the 60.60 Asian high and the 50% fib of the 60.10–61.17 leg near 60.64
  • Thin late-Friday liquidity after London close; Fed's Hammack (Mon 16:50 UTC) and US CPI (Wed 12:30 UTC) are the next scheduled risks

19:08 UTC

Intraday uptrend, consolidating below day high · RSI 56 · price 60.948

Higher lows off 60.68 pullback, pressing 61.03 swing high.

Softer oil and yields helped NY clear the asian high at 60.597 after the london low at 60.10, running to a 61.173 day high. The pullback low held at 60.68–60.70, between the 38.2% and 50% fib of that leg. Late in the NY session, rising lows have brought price back to test the 61.03 swing high, with RSI(14) neutral near 56.

Support: 60.70, 60.597, 60.10

Resistance: 61.03, 61.173

What it said to watch

  • M15 close above the 61.03 swing high reopens the 61.173 day high
  • Loss of the 60.70 pullback low breaks the rising lows and exposes the asian high at 60.597
  • Below 60.597, the london low at 60.10 is the next reference
  • Friday NY close and thin liquidity can distort the session range; Fed's Hammack Mon 16:50 UTC is the next scheduled risk

18:48 UTC

Uptrend, stalling below session high · RSI 50 · price 60.843

Tightening 60.68–60.98 range with lower highs off 61.17.

Silver extended its rally from 59.22 in Asia to a 61.17 session high in early NY as softer oil and yields helped the metal. Price then faded after the mixed UoM print, with sentiment missing and 1-yr inflation expectations rising. Late NY is tightening in a 60.68–60.98 range with lower highs, while the range low holds above the 38.2% of the ny leg fib; RSI(14) is neutral near 50.

Support: 60.68, 60.26, 60.10

Resistance: 60.98, 61.17

What it said to watch

  • M15 close above the 60.98 range top breaks the lower highs and reopens the 61.17 session high
  • Failure at the 60.68 range low exposes the 61.8% ny leg fib near 60.51, then the 60.26 ny low
  • Loss of the 60.10 london low unwinds the whole NY leg
  • Thin Friday close; Fed's Hammack Mon 16:50 UTC and US CPI Wed 12:30 UTC are the next risk events

18:33 UTC

Uptrend, pausing below session high · RSI 58 · price 60.854

Tight range 60.68–60.98 under lower highs.

Silver carried its Asia-session rally through 61.00 into the NY open, a move helped by softer oil and yields. It topped at the 61.173 session high, then faded after the UoM release lifted 1y inflation expectations to 4.7%. Since then price has compressed between the 60.68 range low and the 60.98 range high under a line of lower highs. The dip held above the 38.2% level of the rally fib, and RSI(14) near 58 is mid-range.

Support: 60.679, 60.597

Resistance: 60.976, 61.173

What it said to watch

  • M15 close above the 60.976 range high and the lower-highs line puts the 61.173 session high back in play
  • Failure to hold the 60.679 range low exposes the 60.597 asian high and the 50% rally fib near 60.64
  • Late-NY Friday trade is thin; next scheduled USD risk is Fed's Hammack Mon 16:50 UTC, ahead of Wed CPI

18:18 UTC

Uptrend, pausing below the NY high · RSI 58 · price 60.883

Higher lows intact; tight range 60.68–60.98 under 61.17.

Silver pushed from 59.00 to the 60.60 Asia high, then held a 60.10–60.55 London range. It broke higher into the NY open and printed a 61.17 NY high. Price faded after the mixed UoM data, as softer oil and yields lent support. It is now ranging late in the NY session between the 60.68 range low, which sits near the 38.2–50% fib of the 60.10–61.17 leg, and the 60.98 range top, with RSI neutral near 58.

Support: 60.679, 60.597

Resistance: 60.976, 61.173

What it said to watch

  • M15 close above the 60.98 range top reopens the 61.17 NY high
  • Loss of the 60.68 range low exposes the 60.60 Asia high and the fib 61.8% near 60.51
  • Friday close in under 3h: thinning liquidity can distort the range edges
  • Fed's Hammack (Mon 16:50 UTC) and US CPI (Wed 12:30 UTC) are the next scheduled risk

18:06 UTC

Uptrend, pausing below session high · RSI 52 · price 60.816

NY broke the Asian high and peaked at 61.17; lower highs since over a flat 60.68 base.

Silver's NY leg ran from the 60.10 london low through the 60.60 asian high to a 61.17 session high as yields and oil eased on Trump's Iran comments. Late NY on Friday, price is compressing under a lower high at 60.98 and a short-term trendline off the peak, with a flat ny base at 60.68 near the 50% fib of the leg and RSI(14) neutral around 52.

Support: 60.68, 60.597, 60.10

Resistance: 60.976, 61.173

What it said to watch

  • M15 close below the 60.68 ny base exposes a retest of the 60.60 asian high, the breakout origin
  • Close above the 60.98 lower high breaks the descending trendline and puts the 61.17 session high back in play
  • Loss of the asian high reopens the 60.10 london low and negates the NY breakout
  • Friday close and thin late-session liquidity; US CPI Wed Oct 14 12:30 UTC (f/c 3.6%) is the next major catalyst

17:48 UTC

Intraday uptrend stalled, lower highs since NY peak · RSI 46 · price 60.717

Post-rally consolidation, 60.68–60.98, lower-high sequence.

Silver rallied from the 60.10 london low to a 61.173 session high in early NY as yields and oil eased. Supply has capped every rebound since, with a lower high at 60.976 and another near 60.83. Price is now compressing above the 60.68 swing low, which sits close to the 38.2% fib of that leg, in late Friday NY trade.

Support: 60.679, 60.597, 60.10

Resistance: 60.976, 61.173

What it said to watch

  • M15 close below the 60.68 swing low exposes the 60.60 asian high and the 50% fib near 60.64
  • Close above the 60.976 lower high breaks the lower-high sequence and reopens the 61.17 session high
  • Loss of 60.60 puts the 60.10 london low back in play as the full leg's origin
  • Thin late-Friday liquidity into the weekly close; Fedspeak from Monday and Wed US CPI are the next scheduled drivers

17:32 UTC

Intraday uptrend stalled, pulling back · RSI 44 · price 60.75

Post-high range 60.68–60.98, lower highs.

Silver pushed through the asian high at 60.60 into the NY open and printed a 61.17 session high. The UoM release, with firmer inflation expectations, knocked it back into a 60.68–60.98 range. Price is now carving lower highs under EMA20 and sitting on the 38.2% retrace of the 60.10–61.17 NY rally, with RSI(14) near 44 late in the NY session.

Support: 60.68, 60.60

Resistance: 60.98, 61.17

What it said to watch

  • Failure at the 60.68 range low exposes the asian high at 60.60 and the 50% NY rally fib near 60.64
  • M15 close above the 60.98 range high breaks the lower highs sequence and reopens the 61.17 session high
  • Thin late-Friday NY liquidity into the weekend close; Fed's Hammack Mon 16:50 UTC and Wed US CPI are the next scheduled drivers

17:18 UTC

Uptrend on the day, stalling below NY high · RSI 47 · price 60.761

Post-breakout consolidation 60.68–60.98, lower highs from 61.17.

Silver broke the 60.60 Asian high at the NY open and ran to the 61.17 NY high just before UoM, where firmer inflation expectations and a USD recovery capped it. Since then price has held a 60.68 session low under a lower high at 60.98. It sits on the 38.2% retrace of the London low–NY high leg, with EMA20 flat and RSI(14) neutral near 47.

Support: 60.68, 60.60, 60.10

Resistance: 60.98, 61.17

What it said to watch

  • M15 close below the 60.68 session low exposes the 60.60 asian high and the 50% fib near 60.64
  • Close above the 60.98 lower high breaks the lower-highs line and reopens the 61.17 ny high
  • Loss of 60.60 puts the 60.10 london low and the $60 pivot back in play
  • Thin late-Friday NY liquidity; US CPI Wed Oct 14 12:30 UTC is the next major risk

17:07 UTC

Intraday uptrend, pausing below session high · RSI 47 · price 60.767

Lower highs inside 60.68–60.98 after NY spike to 61.17.

The Asia session reclaimed $60 and NY extended the move to a 61.173 session high as yields and oil eased. Price then stalled into a 60.68–60.98 consolidation, printing lower highs while holding the 50% fib of the NY leg near the 60.68 swing low. RSI(14) is neutral near 47 and price sits just under EMA20.

Support: 60.679, 60.597, 60.254

Resistance: 60.976, 61.173

What it said to watch

  • M15 close below the 60.68 swing low exposes the asian high at 60.60, near the 61.8% fib
  • Close above the 60.98 lower high breaks the lower-highs trendline and reopens the 61.17 session high
  • Loss of 60.60 puts the NY base at 60.25 back in view
  • Thin late-Friday trade into the weekend; US CPI on Wed Oct 14 is the next major risk

16:48 UTC

Uptrend, pausing below session high · RSI 53 · price 60.798

NY broke above the Asian/London range to 61.17, now consolidating 60.68–61.00.

Silver extended the Asia-session leg through the $60 psych level as yields and oil eased, then NY cleared the London range and the 60.60 Asian high to print a 61.17 session high. Since then price has held a 60.68 swing low near the 38.2% fib of the 60.10–61.17 move, with a 60.98 lower high capping and RSI(14) back to neutral.

Support: 60.68, 60.60

Resistance: 60.98, 61.17

What it said to watch

  • M15 close below the 60.68 swing low opens the 60.60 Asian high and the 50% fib near 60.64
  • Close above the 60.98 lower high puts the 61.17 session high back in play
  • Late Friday NY trade into the weekend close can produce thin, erratic swings
  • Failure back below the $60 psych level would unwind the day's breakout

16:33 UTC

Intraday uptrend, pausing below session high · RSI 54 · price 60.777

Pullback range 60.71–60.98 after NY spike; lower highs under 61.17.

Silver cleared 60.00 in the Asia session, then extended to a 61.173 session high early in NY hours as yields and oil eased. Since then it has held a 60.71–60.98 pullback range with a lower high. Price now sits at the 38.2% fib of the london low to session high leg, just above EMA20, with RSI(14) neutral near 54.

Support: 60.707, 60.597, 60.10

Resistance: 60.976, 61.173

What it said to watch

  • Failure to hold the 60.707 swing low exposes the asian high at 60.597 and the 61.8% fib near 60.51
  • M15 close above the 60.976 lower high reopens the 61.173 session high
  • Loss of the 60.10 london low would invalidate the intraday uptrend read
  • Oil/Iran headlines into the Friday close and Fed speakers Monday could shift yields; US CPI Wed Oct 14 12:30 UTC is the major scheduled risk

16:18 UTC

Intraday uptrend, pausing below 61.00 · RSI 62 · price 60.909

NY breakout above Asian/London highs, higher low at 60.707, tight consolidation under 61.00.

Silver pushed through the Asian and London highs in early NY as yields and oil eased on the Iran comments. The NY rally from 60.10 peaked at the 61.173 session high, and the pullback held the 60.707 swing low near the 38.2% retracement. Late NY after London close, price is compressing below the 61.00 round number with RSI(14) at 62.

Support: 60.707, 60.66

Resistance: 61.00, 61.173

What it said to watch

  • M15 close below the 60.707 swing low breaks the higher-low chain and exposes the 60.66 prior high, the old range top
  • Acceptance above the 61.00 round number puts the 61.173 session high back in play
  • Friday close into the weekend leaves gap risk on Iran/oil headlines; US CPI on Wed Oct 14 is the next scheduled catalyst

16:06 UTC

Uptrend, consolidating below session high · RSI 61 · price 60.892

Higher lows since the 60.10 London low; pullback from 61.173 held the 60.707 swing low.

Silver cleared the 60.597 Asian high in NY hours and printed a session high of 61.173 as US yields and the USD corrected and oil eased on Iran headlines. The pullback held the 60.707 swing low, between the 38.2% and 50% retracements of the 60.10–61.173 fib leg. Price is now coiling in the upper 60.80s below the 61.00 round number after London close.

Support: 60.707, 60.597, 60.10

Resistance: 61.00, 61.173

What it said to watch

  • M15 close above the 61.173 session high resumes the higher-high sequence
  • Repeated rejection at the 61.00 round number keeps price in consolidation
  • Break below the 60.707 swing low and loss of the 60.597 Asian high would expose the 60.10 London low

15:48 UTC

Intraday uptrend, pausing below session high · RSI 59 · price 60.827

NY breakout above Asian high, now tight consolidation 60.71–60.94.

Silver cleared the Asian high at 60.597 in the first hour of NY as yields and the USD extended their pullback, printing a session high of 61.173 at 13:45 UTC. Price has since coiled between the 60.707 pullback low, near the 38.2% of the london low–session high fib, and a 60.944 range top, with RSI(14) cooled to ~59.

Support: 60.707, 60.597, 60.26

Resistance: 60.944, 61.00, 61.173

What it said to watch

  • M15 close below the 60.707 pullback low exposes the asian high at 60.597 and the 50% fib near 60.64
  • Close above the 60.944 range top puts the 61.00 round number and 61.173 session high back in play
  • Break of the rising lows trendline from the ny base at 60.26 would end the NY up-leg read
  • Late NY on a Friday, liquidity thinning into the weekly close; Fedspeak Mon and US CPI Wed are the next scheduled catalysts

15:33 UTC

Uptrend, consolidating below session high · RSI 65 · price 60.89

Higher lows from London low; NY pullback held above Asian high.

Silver extended its Asian-session climb as US yields and the dollar eased, with NY breaking the asian high at 60.597 and printing a 61.173 session high. The pullback found a floor at the 60.707 ny swing low, about a 43% retrace of the london low-to-high leg, and price is back near 60.89 under the 61.00 round number with RSI(14) near 65.

Support: 60.707, 60.597, 60.10

Resistance: 61.00, 61.173

What it said to watch

  • M15 close below the 60.707 ny swing low breaks the higher-low chain and turns attention to the asian high at 60.597
  • Acceptance back inside the Asian range below 60.597 would mark the NY breakout as a false break, with the london low at 60.10 next
  • Clearing the 61.00 round number and the 61.173 session high resumes the NY up-leg
  • Friday close in about 5.5h; Fed's Hammack Mon 16:50 UTC and US CPI Wed 12:30 UTC are the next scheduled risks

15:17 UTC

Uptrend, pulling back from NY high · RSI 61 · price 60.824

NY broke above Asian high; HH at 61.173, first pullback holding 60.70s.

Silver extended its yield-driven rebound in early NY, clearing the 60.597 Asian high from the 60.100 London low to a 61.173 session high. It faded after the UoM release, where firmer inflation expectations offset the sentiment miss. The pullback is holding the 60.707 swing low near the 38.2% fib, with 61.000 round number capping the bounce so far.

Support: 60.707, 60.597, 60.10

Resistance: 61.00, 61.173

What it said to watch

  • M15 close below the 60.707 swing low exposes the 60.597 Asian high and the 61.8% fib near 60.51
  • Close back through the 61.000 round number and the 61.173 session high resumes the intraday HH chain
  • Loss of the 60.100 London low unwinds the session breakout
  • Late-Friday NY trade into the weekend; US CPI on Wed Oct 14 is the next major driver

15:06 UTC

Uptrend, pulling back from NY high · RSI 58 · price 60.763

Higher lows since Asia; NY broke London high, now retracing.

Silver extended Thursday's 58.53 recovery through Asia and broke the 60.66 London high in the first hour of NY, as easing yields and oil lifted the metal to a 61.17 session high. The rally faded through the 14:00 UTC UoM release, where firmer inflation expectations offset the sentiment miss, and price is now holding the 38.2% fib near 60.76 above the London high, with the higher-low trendline and 60.26 swing low below.

Support: 60.661, 60.26, 60.00

Resistance: 61.00, 61.173

What it said to watch

  • Hold of 60.66 london high keeps the breakout-retest structure intact; a close back below it shifts focus to the 60.26 swing low
  • Break of 60.26 swing low and the higher-low trendline exposes 60.00 psych
  • Reclaim of the 61.00 round number and 61.17 session high resumes the NY uptrend
  • Late-Friday thin liquidity and Iran/oil headlines into the weekend could shift this read

14:48 UTC

Intraday uptrend, pulling back from session high · RSI 60 · price 60.798

HH/HL chain from London low; Asian-high breakout being retested.

NY session cleared the Asian high at 60.597 and ran to a 61.173 session high as the yield and oil pullback extended the rebound from Thursday's 58.525 low. The 14:00 UTC Michigan release marked the turn: sentiment missed, but 1-yr inflation expectations rose to 4.7%. Price has since faded to 60.80 and is holding the 50% fib of the 60.26–61.173 leg near the 60.72 pullback low, with RSI(14) cooling to ~60.

Support: 60.718, 60.597, 60.26

Resistance: 61.00, 61.173

What it said to watch

  • M15 close below the 60.72 pullback low and the 60.60 Asian high would turn the breakout into a false break
  • A reclaim of the 61.00 psych level reopens the 61.173 session high
  • A break of the rising lows trendline and the 60.26 swing low ends the intraday HH/HL chain
  • Thin late-Friday NY hours; Fed's Hammack (Mon 16:50 UTC) is the next scheduled catalyst ahead of Wed CPI

14:33 UTC

Uptrend, pulling back from session high · RSI 63 · price 60.809

Higher lows from the London low; first pullback after the NY rejection.

NY session extended the climb from the 60.10 London low to a 61.173 session high, then saw a rejection at the 14:00 UTC Michigan release, where 1-yr inflation expectations rose to 4.7% despite the sentiment miss. The pullback is holding the 60.764 swing low at the 38.2% fib, with the Asia high at 60.597 below and RSI(14) cooling to the low 60s.

Support: 60.764, 60.597, 60.10

Resistance: 61.00, 61.173

What it said to watch

  • M15 close below the 60.764 swing low exposes the Asia high at 60.597
  • Reclaim of the 61.00 round number puts the 61.173 session high back in play
  • Break of the rising trendline from the 60.10 London low would end the NY higher-low sequence
  • A US 10Y yield push back toward 5.31% could unwind the day's bounce into the Friday close

14:18 UTC

Uptrend, pausing below session high · RSI 69 · price 60.942

NY breakout above Asian/London highs, first pullback in progress.

NY session cleared the Asian high at 60.60 and the London high at 60.66, running to a 61.17 session high as yields and oil eased. The 14:00 UTC Michigan release (sentiment miss, 1-yr inflation expectations up to 4.7%) produced a rejection back to a 60.85 pullback low just under the 61.00 round number. RSI(14) is cooling from the low 70s; the pullback sits shallow, above the 38.2% fib of the 60.10–61.17 leg.

Support: 60.85, 60.66, 60.60

Resistance: 61.00, 61.173

What it said to watch

  • Hold of the 60.85 pullback low keeps the intraday HH/HL chain intact; a break exposes the London high at 60.66 and the 50% fib near 60.64
  • M15 close back below the 60.60 Asian high returns price to the Asian range and turns the breakout into a false break
  • Acceptance above the 61.00 round number reopens the 61.17 session high
  • Rising support from the 60.10 London low, now near 60.40, marks where the intraday uptrend structure fails
  • Re-firming US 10Y yields on the hotter UoM inflation expectations, plus thinner late-Friday NY liquidity, could shift this read

14:05 UTC

Uptrend, extended into NY open · RSI 71 · price 60.995

London range 60.10–60.66 broken higher; HH/HL chain since 11:00 UTC.

Silver spent London boxed between the 60.10 london low and a 60.66 range top. The London-NY transition broke the range top, and NY extended to a 61.173 session high as yields and oil eased. The UoM bar is now printing with RSI(14) near 71 and higher lows intact along the 60.10–60.26 swing low trendline.

Support: 60.66, 60.26, 60.10

Resistance: 61.173, 62.00

What it said to watch

  • UoM sentiment and 1y/5y inflation expectations at 14:00 UTC could materially shift this read; a hot expectations print revives the yield bid
  • Holding the 60.66 range top on any retest keeps the range-break read intact
  • An M15 close back below the 60.26 swing low breaks the higher-low chain and the rising trendline
  • A close above the 61.173 session high opens the path toward the ~62.00 rejection zone from earlier in the week

13:47 UTC

Intraday uptrend, extending into NY · RSI 71 · price 60.951

Higher lows from 60.10, breakout above Asian high.

Early NY broke the 60.60 Asian high and tagged a 61.00 session high, extending the bounce from the 60.10 London low as lower oil and softer yields weighed on USD. RSI(14) is near 71 and ATR(14) is around 190 pips. The 60.26 swing low marks the latest higher low.

Support: 60.60, 60.26, 60.10

Resistance: 61.00

What it said to watch

  • UoM sentiment and 1y/5y inflation expectations at 14:00 UTC could materially shift this read
  • Rejection at the 61.00 session high followed by a close back below the 60.60 Asian high would mark a false break
  • Loss of the 60.26 swing low breaks the rising lows off the 60.10 London low; the 50% of the London-NY leg sits near 60.55

13:32 UTC

Intraday uptrend, fresh high · RSI 66 · price 60.802

NY broke above Asian range high; higher lows since London.

Silver gapped higher during the Asia session as oil and yields eased on the Trump Iran headlines. London then held a 60.10–60.53 range inside the Asian range. Early NY broke the Asian high at 60.60, which is also Thursday's cap, and printed a 60.816 session high, with RSI(14) firm near 66 but not stretched.

Support: 60.597, 60.26, 60.10

Resistance: 60.816, 61.00

What it said to watch

  • UoM sentiment and 1y/5y inflation expectations at 14:00 UTC could materially shift this read
  • M15 close back below the 60.60 asian high would mark the breakout as a false break
  • Loss of the 60.26 swing low breaks the rising-lows trendline from the 60.10 london low
  • Session high at 60.816 and the 61.00 round number: area to watch for rejection or extension

13:18 UTC

Intraday uptrend, testing session high · RSI 61 · price 60.622

Higher lows from London low, Asian high broken in NY.

Early NY pushed through the 60.597 Asian high to a 60.689 session high. The move extends the higher-low sequence off the 60.100 London low and the 60.254 NY low, on the oil- and yield-driven relief in the digest. RSI(14) near 61 is not stretched, and the 14:00 UTC UoM release is about 45 min out.

Support: 60.597, 60.254, 60.10

Resistance: 60.689, 61.00

What it said to watch

  • M15 close back below the 60.597 Asian high would mark a false break of the session range top
  • Loss of the 60.254 NY low breaks the higher-lows trendline and the intraday uptrend read
  • Acceptance above the 60.689 session high puts the 61.00 round number in play
  • UoM sentiment plus 1y/5y inflation expectations at 14:00 UTC (~45 min) could materially shift this read

13:07 UTC

Uptrend, stalling below 60.66 · RSI 57 · price 60.50

60.10–60.66 range since Asia, higher lows intact.

Silver extended its rebound from 58.53 through the Asia session on softer oil and yields. London held a 60.10–60.66 range. The first NY-hour push above the 60.60 Asian high printed a 60.661 session high and was rejected back to 60.26, and the rising lows from the 60.10 London low remain intact.

Support: 60.254, 60.10, 60.00

Resistance: 60.597, 60.661

What it said to watch

  • UoM sentiment and 1y/5y inflation expectations at 14:00 UTC (~55 min) could materially shift this read
  • M15 close above the 60.661 session high turns the false break at the asian high into a range break
  • Loss of the 60.254 higher low and the 60.10 london low breaks the rising lows, exposing the 60.00 psych pivot and the 38.2% rebound fib near 59.85

12:47 UTC

Uptrend, consolidating near highs · RSI 57 · price 60.538

London range 60.10–60.60 with higher lows; probe above the Asian high.

Silver extended its recovery from the 58.53 Thursday low through Asia, with a 01:00 UTC breakout through 59.60 to the 60.60 Asian high as oil and US yields eased, then held a 60.10–60.60 range through London. At the London-NY transition, price swept the Asian high to a 60.66 session high but closed back below it. Higher lows from the 60.10 London low and the 60.25 swing low keep the rising trendline intact.

Support: 60.25, 60.10, 60.00

Resistance: 60.597, 60.661, 61.00

What it said to watch

  • UoM sentiment and inflation expectations at 14:00 UTC could materially shift this read
  • M15 close above the 60.66 session high resolves the range higher; 61.00 round number is the next marker
  • Break of the rising trendline and the 60.25 swing low puts the 60.10 London low and 60.00 psych back in play
  • Repeated rejection at the 60.60 Asian high keeps the range read in place

12:33 UTC

Uptrend, pressing session highs · RSI 62 · price 60.659

London range 60.10–60.53 resolving higher; testing above the Asian high.

Silver is pushing through the 60.60 Asian high into the NY open after London held a 60.10–60.53 range. The move extends the rebound off Thursday's 58.53 low as oil and yields ease. RSI(14) is near 62, and rising support from the Asian range low remains intact.

Support: 60.60, 60.25, 60.10

Resistance: 61.00

What it said to watch

  • M15 close back below the 60.60 Asian high would mark the push as a false break
  • Failure at the 60.25 swing low puts the 60.10 London low and rising support back in play
  • 61.00 round number is the next marker if the Asian-high break holds
  • UoM sentiment and inflation expectations at 14:00 UTC (~1.5h) could materially shift this read

12:18 UTC

Bounce stalling, range-bound below Asia high · RSI 46 · price 60.29

60.10–60.60 range, lower highs through London.

Silver carried the bounce off Thursday's 58.53 two-month low through Asia as oil and yields eased, topping at the 60.60 Asia high. London has printed lower highs at the 60.53 London high and a 60.48 lower high, with the latest bar rejected back to 60.29. The 60.10 London low and 60.19 swing low still frame the range floor; RSI(14) is neutral near 46 heading into NY.

Support: 60.19, 60.10, 60.00

Resistance: 60.48, 60.53, 60.60

What it said to watch

  • M15 close above the 60.60 Asia high breaks the range and the lower-highs sequence
  • Failure to hold the 60.19 swing low and 60.10 London low exposes the 60.00 psych pivot
  • UoM sentiment and 1y/5y inflation expectations at 14:00 UTC could materially shift this read

12:05 UTC

Uptrend, pausing below Asian high · RSI 53 · price 60.437

London lower highs inside Asian range, 60.10 held.

Silver extended the rebound from Thursday's 58.525 low through Asia as oil and yields eased, topping at the 60.597 asian high near the Thursday cap. London has since printed lower highs and held the 60.10 london low, near the 38.2% retrace of the Asian leg. Into the London-NY transition, price is pressing the lower-highs line at 60.44 with RSI(14) neutral at 53.

Support: 60.10, 60.00

Resistance: 60.532, 60.597

What it said to watch

  • M15 close above the lower-highs line and the 60.532 london high reopens the 60.597 asian high
  • Failure to hold the 60.10 london low and the 38.2% retrace exposes the 60.00 psych pivot
  • UoM sentiment and inflation expectations at 14:00 UTC could materially shift this read

11:48 UTC

Asia uptrend stalled, lower highs through London · RSI 46 · price 60.366

60.10–60.60 range under a descending trendline.

The Asia session rally ran from 59.22 through the 60.00 psych to a 60.60 Asian high as oil and yields eased on the Iran headlines. Since then London has made lower highs at 60.53 and 60.46 along a descending trendline. Demand absorbed the dip at the 60.10 London low, near the 38.2% fib of the Asia move, and price is pinned mid-range with RSI(14) neutral near 46.

Support: 60.10, 60.00

Resistance: 60.456, 60.532, 60.597

What it said to watch

  • UoM sentiment and inflation expectations at 14:00 UTC could materially shift this read
  • M15 close above the trendline and the 60.53 London high reopens the 60.60 Asian high
  • Failure to hold the 60.10 London low exposes the 60.00 psych and the 50% fib near 59.91

11:32 UTC

Asian uptrend stalled, sideways in London · RSI 47 · price 60.387

Lower highs below 60.60, London low false break reclaimed.

Silver ran from 59.22 to the 60.597 Asian high as oil and yields eased on Trump's Iran pledge. London has held inside that range, putting in lower highs at 60.532 and 60.42. A late-London dip to 60.10 briefly undercut the 60.19 pullback low and was reclaimed within a bar, so price is back near 60.39 and above the 38.2% of the Asian rally fib.

Support: 60.10

Resistance: 60.532, 60.597

What it said to watch

  • UoM sentiment and inflation expectations at 14:00 UTC could materially shift this read
  • M15 close above the 60.532 london high breaks the lower-high sequence and puts the 60.597 asian high in play
  • Failure to hold the 60.10 london low turns the false break into a range break, with the 60 psych handle next
  • RSI(14) near 47, neutral, with no momentum extreme on either side

11:17 UTC

Pullback after Asia rally, momentum fading · RSI 44 · price 60.28

London lower highs inside Asian range.

The Asia-session rally on lower oil and softer yields topped at the 60.60 Asia high. London has stayed inside that range, printing a lower-high sequence from the 60.53 London high down through 60.42, and dipped to a 60.10 session low, the 23.6% fib of the 58.53–60.60 move, where demand stepped in. Price sits back below EMA20 with RSI(14) near 44.

Support: 60.10, 60.00, 59.81

Resistance: 60.42, 60.53, 60.60

What it said to watch

  • M15 close below the 60.10 session low exposes the 60.00 psych and the 59.81 fib 38.2
  • Close above the lower-high trendline and 60.42 lower high reopens the 60.53 London high and 60.60 Asia high
  • UoM sentiment and inflation expectations at 14:00 UTC, early NY session, could materially shift this read

11:05 UTC

Uptrend pausing, London fading · RSI 40 · price 60.242

Lower highs below 60.60 session high, testing 60.19 swing low.

The Asian session rally cleared $60 as oil and yields eased, peaking at the 60.597 session high. London has since printed lower highs at the 60.53 london high and the 60.42 lower high, and price is back on the 60.19 swing low near the 23.6% fib, with RSI(14) near 40 below EMA20 but above EMA50.

Support: 60.191, 60.00, 59.868

Resistance: 60.423, 60.532, 60.597

What it said to watch

  • M15 close below the 60.19 swing low confirms a lower-low and exposes the 60.00 psych level and the 38.2% fib near 60.03, then the 59.87 spike low
  • Close above the 60.42 lower high breaks the lower-highs trendline and puts the 60.53 london high and 60.60 session high back in play
  • UoM sentiment and inflation expectations at 14:00 UTC (~3h) could materially shift this read

10:48 UTC

Pullback within Asia rally, momentum fading · RSI 35 · price 60.225

London lower highs beneath the Asia high, testing pullback low.

Silver ran from 59.22 to the 60.597 Asia high as oil and yields eased on Trump's Iran comments. Since the 60.532 London high, the London session has printed lower highs along the London highs trendline. Price is now pressing the 60.19 pullback low with RSI(14) near 35, below EMA20 but holding above EMA50 and the 23.6% level of the Asia rally fib.

Support: 60.191, 60.044, 60.00

Resistance: 60.423, 60.532, 60.597

What it said to watch

  • M15 close below the 60.19 pullback low exposes the 60.04 swing low and the 60.00 psych level, near the 38.2% of the Asia rally fib
  • Recovery above the 60.42 lower high breaks the London highs trendline and brings the 60.532 London high and 60.597 Asia high back into play
  • UoM sentiment and inflation expectations at 14:00 UTC (~3h) could materially shift this read

10:33 UTC

Asian uptrend stalling, London drifting lower · RSI 44 · price 60.274

Lower highs from 60.597, pressing session low.

The Asian session rally from 59.22, driven by lower oil and softer yields, peaked at the 60.597 asian high. London has since printed lower highs at the 60.53 london high and 60.42, and price is now leaning on the 60.29 session low with RSI(14) near 44 and price below EMA20. The 60.19 pullback low and the 60.00 psych level sit beneath.

Support: 60.29, 60.19, 60.00

Resistance: 60.53, 60.597

What it said to watch

  • M15 close below the 60.19 pullback low breaks the overnight higher-low sequence and exposes 60.00 psych, near the 38.2% fib of the Asian rally
  • Reclaim of the 60.53 london high voids the lower-highs read and puts the 60.597 asian high back in play
  • UoM sentiment and 1y/5y inflation expectations at 14:00 UTC (NY session) could materially shift this read

10:18 UTC

Uptrend, stalling below session high · RSI 54 · price 60.369

Tightening 60.29–60.53 range after Asia rally.

The Asia-session rally from 59.12 on softer oil and yields hit a rejection at the 60.597 session high. London has compressed between the 60.29 london low and the 60.53 london high, with lower highs pressing against rising lows from the 60.19 swing low. RSI(14) sits near 54 and price is holding above the 23.6% of the Asia rally fib.

Support: 60.29, 60.191, 60.00

Resistance: 60.532, 60.597

What it said to watch

  • M15 close below the 60.29 london low breaks the rising lows line and exposes the 60.19 swing low
  • Close above the 60.53 london high and the lower highs line puts the 60.597 session high back in play
  • Loss of 60.00 psych, near the 38.2% of the Asia rally fib, would unwind most of the overnight leg
  • UoM sentiment and 1y/5y inflation expectations at 14:00 UTC could materially shift this read

10:05 UTC

Uptrend, stalling below Asian high · RSI 56 · price 60.40

Asian ramp from 59.12 to 60.60, London compressing 60.29–60.53 with lower highs.

The Asia session carried silver from 59.12 to the 60.597 Asian high as oil and yields eased after Trump's Iran comments. The pullback held the 60.191 swing low above the 23.6% level of the Asian rally fib. London has since printed lower highs at 60.501 and 60.532 under a descending cap, holding a 60.29–60.53 range with RSI(14) neutral near 56.

Support: 60.29, 60.191, 60.00

Resistance: 60.532, 60.597

What it said to watch

  • M15 close above 60.597 Asian high breaks the London lower-high sequence and the descending cap
  • Loss of the 60.29 London low exposes the 60.191 swing low and the 38.2% Asian rally fib near 60.03
  • Failure at 60.00 psych unwinds most of the Asian ramp
  • UoM sentiment and inflation expectations at 14:00 UTC could materially shift this read

09:47 UTC

Uptrend from Thursday low, momentum stalling below 60.60 · RSI 53 · price 60.32

London lower highs under the Asian high, holding above 60.19 swing low.

Silver rallied through the Asia session from 59.22 to the 60.60 asian high as oil and yields eased, reclaiming the 60.00 round number and erasing Thursday's losses. London has printed lower highs at the 60.53 london high while the 60.29 session low holds; price is just under EMA20 with RSI(14) neutral near 53.

Support: 60.29, 60.19, 60.00

Resistance: 60.53, 60.60

What it said to watch

  • M15 close above the 60.60 asian high breaks the lower highs sequence
  • Failure to hold the 60.19 swing low exposes the 60.00 round number and the 38.2% of the asian rally near 60.07
  • UoM Sentiment and 1y/5y inflation expectations at 14:00 UTC could materially shift this read

09:33 UTC

Uptrend, pausing below Asian high · RSI 58 · price 60.413

Tightening range of lower highs and higher lows under 60.60.

Silver extended the rebound from Thursday's 58.50 low and cleared the 60.00 round number during the Asia session as oil and Treasury yields eased. London is about 2.5h in and has stayed inside the Asian range. The 60.53 session high sits under the 60.60 Asian high, while higher lows have formed at the 60.19 swing low and the 60.29 session low. RSI(14) is neutral near 58 and ATR(14) is about 108 pips.

Support: 60.29, 60.19, 60.00

Resistance: 60.53, 60.60

What it said to watch

  • M15 close above the 60.60 asian high breaks the lower-highs sequence and the consolidation
  • Failure to hold the 60.29 session low exposes the 60.19 swing low and the 60.00 round number
  • UoM Sentiment and inflation expectations at 14:00 UTC (17:00 broker), during NY hours, could materially shift this read

09:18 UTC

Uptrend, stalling below Asian high · RSI 53 · price 60.328

London consolidating inside the Asian range, lower high at 60.532.

Silver carried Thursday's recovery from 58.525 through the Asia session as oil and yields eased. A wick to the 60.597 asian high drew a rejection, and mid-London price is holding inside the Asian range with a lower high at the 60.532 london high. Price is drifting toward the 60.29 london low, just under EMA20, with RSI(14) neutral near 53 and the 23.6% recovery fib at 60.11 below.

Support: 60.29, 60.191, 60.00

Resistance: 60.532, 60.597

What it said to watch

  • Break below the 60.29 london low exposes the 60.191 swing low and the 60.00 round number
  • M15 close above the 60.597 asian high ends the London consolidation read
  • Hold above the 23.6% recovery fib near 60.11 keeps the Asia uptrend structure intact
  • UoM sentiment and 1y/5y inflation expectations at 14:00 UTC could materially shift this read

09:06 UTC

Uptrend, momentum stalling · RSI 53 · price 60.336

Higher lows since Asia; London lower high under Asian high.

Silver climbed through the Asia session from the 59.119 NY low to a 60.597 Asian high as yields and oil eased, with a sharp rejection at that level. London has printed a lower high at 60.532 and is drifting back to 60.34, still above the 60.191 swing low and the rising trendline. RSI(14) is neutral near 53.

Support: 60.191, 60.00

Resistance: 60.532, 60.597

What it said to watch

  • M15 close below the 60.191 swing low breaks the higher-low sequence and exposes the 60.00 round number, near the 38.2% fib of the Asia leg
  • Close above the 60.532 london high and 60.597 asian high resumes the Asia-session uptrend
  • UoM sentiment and inflation expectations at 14:00 UTC could materially shift this read

08:48 UTC

Uptrend, momentum flattening · RSI 56 · price 60.39

Higher lows under the 60.60 Asian high.

Asia lifted silver from 59.22 back through the 60.00 psych level as oil fell on Trump's 'productive' Iran comments. The 05:45 UTC spike to the 60.60 Asian high was rejected, and London has since printed a lower session high at 60.53. Higher lows at the 60.19 swing low and the 60.30 London low keep the rising trendline intact, with RSI(14) neutral near 56.

Support: 60.30, 60.19, 60.00

Resistance: 60.53, 60.60

What it said to watch

  • UoM sentiment and inflation expectations at 14:00 UTC could materially shift this read
  • M15 close below the 60.30 London low breaks the rising trendline
  • Loss of the 60.19 swing low exposes 60.00 psych and the 38.2% fib near 60.07
  • Close above the 60.53 session high and 60.60 Asian high resumes the Asia uptrend

08:32 UTC

Uptrend, compressing under Asian high · RSI 61 · price 60.448

Higher lows inside Asian range; London range 60.38–60.53 below 60.60.

The Asia rally lifted silver from 59.22 to a 60.60 Asian high as oil slid on Trump's Iran comments, reclaiming 60.00. London has held a tight 60.38–60.53 range, with higher lows from the 60.19 swing low compressing price beneath the Asian high. RSI(14) is near 61, short of overbought.

Support: 60.38, 60.19, 60.00

Resistance: 60.53, 60.60

What it said to watch

  • M15 close above the 60.60 Asian high breaks the London compression
  • Close below the 60.38 London low exposes the 60.19 swing low; losing that ends the higher-lows sequence
  • A move back under 60.00 psych puts the Asia rally reclaim in question
  • UoM sentiment and inflation expectations at 14:00 UTC could materially shift this read

08:17 UTC

Uptrend, pausing below Asian high · RSI 61 · price 60.45

Higher lows off 60.19, London inside Asian range.

Silver's rally from the 58.53 low accelerated in Asia as oil fell and yield fears eased, clearing the 60.00 round number to an Asian high at 60.597. Early London is holding inside that range: the london low at 60.30 sits above the 60.19 swing low on a rising support line, while the london high at 60.50 caps for now. RSI(14) near 61 is cooling, not stretched.

Support: 60.30, 60.19, 60.00

Resistance: 60.50, 60.597

What it said to watch

  • An M15 close above the 60.597 asian high extends the uptrend; repeated rejection under the 60.50 london high keeps the range intact
  • A break of the 60.30 london low and the 60.19 swing low ends the higher-low chain and breaks rising support
  • Loss of the 60.00 round number exposes the 38.2% fib of the rally near 59.81
  • UoM sentiment and 1Y/5Y inflation expectations at 14:00 UTC could materially shift this read

08:04 UTC

Uptrend, momentum cooling below Asian high · RSI 62 · price 60.439

Higher lows intact; early London range 60.19–60.50 under the 60.597 Asian high.

Silver's oil-relief rally during the Asia session lifted it from 59.22 through the $60 psych level. The 60.597 Asian high spike was rejected, but price held a higher low at 60.191. Early London is consolidating beneath the 60.501 London high, with RSI(14) near 62 and no stretch.

Support: 60.191, 60.00, 59.868

Resistance: 60.501, 60.597

What it said to watch

  • M15 close above the 60.597 Asian high extends the higher-high chain
  • Close below the 60.191 higher low breaks the trendline and exposes $60.00 psych
  • Loss of 59.868 swing low would put the move back toward the 50% fib of the Asia rally
  • UoM sentiment and 1y/5y inflation expectations at 14:00 UTC could materially shift this read

07:47 UTC

Uptrend, pausing below Asia high · RSI 60 · price 60.372

Higher lows above 60.19, lower high at 60.50 after 60.597 spike.

Silver rallied through Asia as oil slid on Trump's Iran comments. It cleared Thursday's 59.40 high and the 60.00 psych level, then spiked to the 60.597 Asia high before a sharp rejection. Early London is holding a rising trendline and the 60.19 swing low, but has capped at a lower London high near 60.50, so the market is consolidating inside 60.19–60.60 with RSI(14) neutral near 60.

Support: 60.191, 60.00

Resistance: 60.50, 60.597

What it said to watch

  • M15 close above the 60.597 Asia high resumes the higher-high chain
  • Loss of the 60.19 swing low and the rising trendline turns the London structure lower toward 60.00 psych / 38.2% fib
  • Repeated failure at the 60.50 London high extends the lower-high sequence
  • UoM sentiment and inflation expectations at 14:00 UTC could materially shift this read; Iran/oil headlines remain the main swing factor

07:32 UTC

Uptrend, pressing the Asian high · RSI 66 · price 60.491

Higher highs and higher lows since the Asia open; pullback held above 60.19.

The Asia session broke above the prior high at 59.40 and cleared psych 60 as softer oil eased yield and Fed-hike fears. The pullback from the Asian high at 60.597 held the 60.19 swing low, and the first hour of London is pressing back toward the top with RSI(14) near 66.

Support: 60.191, 59.399

Resistance: 60.597, 61.00

What it said to watch

  • M15 close above the 60.597 Asian high extends the HH chain and opens the 61.00 round number
  • Loss of the 60.19 swing low breaks the higher-low sequence and the rising trendline, putting psych 60 back in play
  • UoM sentiment and inflation expectations at 14:00 UTC could materially shift this read; a re-bid in yields would put the 59.40 prior high back in focus

07:17 UTC

Uptrend, pausing below Asian high · RSI 64 · price 60.362

HH/HL chain through Asia; early London consolidating 60.19–60.41.

Silver ran from 59.22 to the 60.597 Asian high as softer crude eased Fed-hike fears, then saw a sharp rejection at that high. Early London is holding a 60.19–60.41 band above the pullback low and the 23.6–38.2% zone of the Asia rally fib. RSI(14) sits near 64 and price is above both EMAs; the rising trendline from the 59.22 low sits about 60.14.

Support: 60.191, 60.044, 60.00

Resistance: 60.413, 60.597, 61.00

What it said to watch

  • M15 close above the 60.413 london high retests the 60.597 asian high; clearing it puts the 61.00 round number in view
  • Loss of the 60.191 pullback low exposes the 60.044 swing low and the 60 pivot, which also aligns with the 38.2% fib
  • A break of the rising trendline near 60.14 ends the Asia HH/HL chain
  • UoM sentiment and 1y/5y inflation expectations at 14:00 UTC could materially shift this read

07:05 UTC

Uptrend, pausing below Asia high · RSI 62 · price 60.335

HH/HL chain from 59.49; pullback holding 60.191 higher low.

The Asia session lifted silver from 59.49 through the $60 psych as oil-led relief cooled Fed-hike fears. Price printed the 60.597 Asia high at 05:30 UTC and was rejected there. The pullback held the 60.191 swing low near the 38.2% fib and the Asia trendline, and London open is trading 60.33, just under the 60.362 lower high with RSI(14) near 62.

Support: 60.191, 60.00

Resistance: 60.362, 60.597

What it said to watch

  • M15 close above the 60.362 lower high reopens the 60.597 Asia high
  • Failure to hold the 60.191 swing low breaks the Asia trendline and exposes the 60.00 psych and the 50% fib near 60.04
  • UoM sentiment and inflation expectations at 14:00 UTC could materially shift this read via yields

06:47 UTC

Asia uptrend, pausing below session high · RSI 59 · price 60.254

HH/HL chain from 59.22; spike rejected at 60.597, lower highs since.

Silver rallied through the Asia session from 59.22 to a 60.597 session high as oil slid on the Iran-talk headlines. The spike was rejected and price is now holding a tight 60.19–60.36 band between the pullback low and a lower high, near the 23.6% fib, into London open.

Support: 60.191, 60.044, 60.00

Resistance: 60.362, 60.597

What it said to watch

  • M15 close below the 60.191 pullback low exposes the 38.2% fib near 60.07, then the 60.044 swing low and 60.00 psych
  • Close above the 60.362 lower high reopens the 60.597 session high; a rising support break would end the HL chain
  • UoM sentiment and 1y/5y inflation expectations at 14:00 UTC could materially shift this read

06:32 UTC

Uptrend, pausing below spike high · RSI 55 · price 60.215

Higher lows through Asia; 60.60 spike rejected, basing at 60.21.

Silver extended its Asia-session rebound from Thursday's 58.49 low as softer oil on Iran-talk headlines eased yield pressure. A run of higher lows ended in a 60.60 spike high that was rejected late in Asia. Price has since based at a 60.21 double low on rising support, just above EMA20, with a lower high at 60.36 into London open and RSI(14) cooled to ~55.

Support: 60.21, 60.04, 60.00

Resistance: 60.36, 60.60

What it said to watch

  • Failure to hold the 60.21 double low and rising support exposes the 60.04 swing low and the 60.00 psych pivot
  • M15 close above the 60.36 lower high reopens the 60.60 spike high
  • Loss of 60.00 brings the 23.6% fib of the 58.49–60.60 leg at 60.10 and then the 38.2% at 59.79 into play
  • UoM sentiment and 1y/5y inflation expectations at 14:00 UTC could materially shift this read

06:17 UTC

Uptrend, pausing below Asia high · RSI 59 · price 60.286

Higher lows through Asia session; spike-and-reject at 60.60.

Silver broke above Thursday's NY prior high at 59.40 early in the Asia session and reclaimed the 60.00 psych level as oil slipped on the Iran-talk headlines, building a higher-low chain along a rising trendline. A wick to the 60.597 Asia high at 05:30 UTC was rejected, and price is now holding above the 60.21 pullback low ahead of the London open.

Support: 60.211, 60.00, 59.399

Resistance: 60.597

What it said to watch

  • M15 close below the 60.21 pullback low and rising trendline breaks the Asia higher-low chain, exposing the 60.00 psych level
  • Acceptance back under 60.00 puts the 38.2% retrace and the 59.40 prior high in play
  • M15 close above the 60.597 Asia high resumes the breakout sequence
  • UoM sentiment and 1y/5y inflation expectations at 14:00 UTC could materially shift this read

06:05 UTC

Uptrend through Asia, pausing after rejection · RSI 57 · price 60.248

Higher lows from 59.22; session high 60.597 rejected, pullback holding above $60.

Asia session extended the rebound from 59.22 to a 60.597 session high as oil eased on Iran-talk headlines. A sharp rejection just under the $60.60 cap pulled price back to 60.25 ahead of London open. Price still sits above the 60.134 swing low, the $60 psych and the rising Asia trendline, with RSI(14) cooled to ~57.

Support: 60.134, 60.00, 59.868

Resistance: 60.441, 60.597

What it said to watch

  • M15 close above the 60.597 session high clears the $60.60 cap; the 60.441 rejection bar high is the first test
  • Failure to hold the 60.134 swing low exposes the $60 psych and the Asia trendline near 60.02
  • Loss of the 59.868 pullback low puts price below the 50% fib of the Asia rally and breaks the higher-low chain
  • UoM sentiment and inflation expectations at 14:00 UTC could materially shift this read

05:47 UTC

Intraday uptrend, stalling at highs · RSI 70 · price 60.385

HH/HL chain through Asia, rejection wick at session high.

Asia session extended the rebound from Thursday's 58.494 low, breaking the 60.00 psych level as oil eased on the Iran-talk headlines. The higher-low chain held into late Asia, but the 05:30 UTC bar printed a long upper wick at the 60.597 session high, at the digest's $60.60 cap. RSI(14) is near 70 and price is drifting back toward the 60.233 pivot ahead of London open.

Support: 60.233, 60.134, 60.00

Resistance: 60.597, 61.00

What it said to watch

  • M15 close above the 60.597 session high clears the rejection wick and opens the 61.00 round number
  • Failure to hold the 60.233 pivot and the 60.134 swing low breaks the rising lows and the HH/HL chain
  • Loss of 60.00 psych puts price back inside the earlier Asian range and fib retracement zone
  • UoM sentiment and 1y/5y inflation expectations at 14:00 UTC could materially shift this read

05:32 UTC

Uptrend, accelerating into late Asia · RSI 76 · price 60.547

HH/HL chain through Asia; 60.04–60.30 range broken to the upside.

Asia session extended the rebound from Thursday's 58.49 London low, reclaiming $60 psych and breaking the 60.04–60.30 range top. The move came as lower oil on Iran-talk headlines and softer yields weighed on USD, printing a session high at 60.57. RSI(14) near 76 is hot but not extreme, and price is pressing the 60.60 cap roughly 1.5h before London open.

Support: 60.30, 60.04, 60.00

Resistance: 60.572, 60.60

What it said to watch

  • M15 close back below the 60.30 range top would mark the breakout as a false break
  • Failure to hold the 60.04 range low and 60.00 psych would put the Asia trendline near 59.97 in play
  • M15 acceptance above the 60.60 cap clears the session high and extends the Asia rally leg
  • UoM sentiment and 1y/5y inflation expectations at 14:00 UTC could materially shift this read

05:17 UTC

Uptrend, steady higher lows · RSI 64 · price 60.284

Asia HH/HL chain above 60.00 psych.

Asia session extended the rebound from Thursday's 58.49 low, with lower oil on Iran-talk headlines and a softer USD behind the move. Price cleared the 60.00 psych on the 01:00 UTC impulse and has since printed higher lows along the Asia trendline, the latest swing low at 60.134. The 60.326 session high is capping into the London open, and RSI(14) near 64 is firm, not stretched.

Support: 60.134, 60.00, 59.868

Resistance: 60.326, 60.60

What it said to watch

  • M15 close below the 60.134 swing low breaks the Asia trendline and the HL chain
  • Failure to hold the 60.00 psych exposes the 59.868 breakout low
  • Close above the 60.326 session high opens the 60.60 cap flagged in the macro digest
  • UoM sentiment and inflation expectations at 14:00 UTC could materially shift this read

05:06 UTC

Uptrend, steady HL chain · RSI 68 · price 60.287

Double bottom resolved higher, late-Asia grind at session high.

Silver reclaimed the 60.00 psych level in Asia as oil eased on Iran-talk headlines. The rebound completed a double bottom off the 58.49/58.53 lows, breaking the 59.399 neckline. Late in the Asia session, ahead of London open, price is grinding a higher-low chain into the 60.305 session high, with RSI(14) near 68 and not stretched.

Support: 60.134, 60.00, 59.399

Resistance: 60.305, 60.60

What it said to watch

  • M15 close below the 60.134 swing low breaks the Asia higher-low line and the HL chain
  • Loss of the 60.00 psych reopens the 59.399 neckline, near the 38.2% of the rebound
  • Clean break of the 60.305 session high puts the 60.60 upside cap in view
  • UoM sentiment and inflation expectations at 14:00 UTC could materially shift this read

04:47 UTC

Uptrend, momentum flattening · RSI 68 · price 60.235

HH/HL chain through Asia, stalling under session high.

Late Asia session. Silver has extended its rebound from Thursday's 58.49 two-month low back above the 60.00 psych as lower oil on Iran-talk headlines weighed on the USD, and the 01:00 UTC breakout bar off the 59.52 break base set up a clean HH/HL chain. Price is now flattening just under the 60.305 session high, with RSI(14) near 68 and the Asia uptrend line and the 60.044 swing low underneath.

Support: 60.044, 60.00, 59.518

Resistance: 60.305, 60.60

What it said to watch

  • M15 close above the 60.305 session high opens the 60.60 upside cap
  • A break below the 60.044 swing low and the Asia uptrend line ends the HH/HL chain and puts the 60.00 psych back in play
  • Loss of 60.00 exposes the 59.52 break base and deeper retracement levels on the rebound fib
  • UoM sentiment and inflation expectations at 14:00 UTC could materially shift this read

04:32 UTC

Uptrend, extending through Asia · RSI 66 · price 60.244

HH/HL chain off 58.49/58.53 double bottom, above prior high.

Thursday's slide put in a double bottom at 58.49/58.53. Asia then carried the rebound through the 60.00 psych and the 60.19 prior high to a 60.29 session high as lower oil and a softer USD eased pressure. The micro HH/HL chain is intact into late Asia, with the last swing low at 60.044 and RSI(14) at 66, warm but not stretched.

Support: 60.192, 60.044, 60.00

Resistance: 60.29, 60.60

What it said to watch

  • M15 close back below the 60.044 swing low breaks the Asia HH/HL chain and puts the 60.00 psych back in play
  • Failure to hold the 60.19 prior high into London open would mark the breakout as a false break
  • Acceptance above the 60.29 session high opens the 60.60 upside cap flagged in the digest
  • UoM sentiment and inflation expectations at 14:00 UTC could materially shift this read

04:17 UTC

Uptrend, pressing session high · RSI 71 · price 60.221

Asia HH/HL chain above the $60 psych, reclaiming Thursday's pre-drop range.

Late Asia session: silver has climbed steadily off Thursday's 58.50 double low and broke the $60 psych at 01:00 UTC as lower oil and softer yields lifted the metal. Price now sits at the 60.233 session high with RSI(14) near 71. A rising trendline of higher lows runs from 59.52 through 60.04, with the 59.868 breakout low just below.

Support: 60.044, 60.00, 59.868

Resistance: 60.233, 60.60

What it said to watch

  • M15 close above the 60.233 session high extends the uptrend toward the 60.60 upside cap
  • Break of the 60.044 higher low and the rising trendline signals a stall; failure to hold the $60 psych exposes the 59.868 breakout low and the 38.2% fib near 59.58
  • UoM sentiment and inflation expectations at 14:00 UTC could materially shift this read
  • London open in about 3h; first test of the Asian range high

04:05 UTC

Uptrend, pausing below session high · RSI 69 · price 60.173

HH/HL rebound off 58.525, tight 60.04–60.23 coil above 60.00.

Asia session carried the rally off Thursday's 58.525 swing low through the 60.00 psych, helped by a softer USD after Trump's Iran no-strike pledge and easing yields. The 01:00 UTC breakout held a 59.868 retest low, and price is now coiling between a 60.044 asia base and the 60.233 session high, with RSI(14) near 69 and not stretched.

Support: 60.044, 60.00, 59.868

Resistance: 60.233, 60.60

What it said to watch

  • M15 close back below the 60.00 psych and 59.868 retest low exposes the 38.2% rally fib near 59.58 and the rally trendline near 59.9
  • Break of the 60.233 session high puts Thursday's 60.60 thu cap in view, the level the digest flags for neutralising the breakdown
  • Loss of the 60.044 asia base at London open would mark the first lower-low since the breakout
  • UoM sentiment and 1y/5y inflation expectations Fri 14:00 UTC could materially shift this read

03:47 UTC

Intraday uptrend, momentum pausing below session high · RSI 66 · price 60.07

Asia higher-high/higher-low chain; tight 60.04–60.23 consolidation above $60.

The Asia session recovered Thursday's NY losses from the 58.53 low. Price broke the 59.698 breakout level at 01:00 UTC and reclaimed the $60.00 psych as USD eased. The 60.233 session high matches Thursday's window-open high, and price is now holding the 60.04–60.23 shelf above the 59.868 retest low while RSI(14) cools from the high 60s.

Support: 60.00, 59.868, 59.698

Resistance: 60.233, 60.60

What it said to watch

  • A close back below the 60.00 psych and the 59.868 retest low (near the 38.2% fib) would undercut the Asia breakout.
  • Clearing the 60.233 session high exposes the 60.60 thursday cap that the digest flags as the level that neutralises the breakdown.
  • A break of the asia trendline (~59.93) puts the 59.698 breakout level and the 50% fib in focus.
  • London open in ~3h is a likely test of the Asian range.
  • UoM sentiment and 1y/5y inflation expectations at 14:00 UTC could materially shift this read.

03:32 UTC

Uptrend, stalling below session high · RSI 66 · price 60.049

Higher highs and higher lows since the 58.49 double bottom; late-Asia pause above 60.00.

The Asia session extended the recovery from the 58.494/58.525 double bottom. Price broke the 59.399 NY high and reclaimed the 60.00 psych level, even with hawkish FOMC minutes and high yields weighing on silver. The rally is stalling just under the 60.233 session high with RSI(14) near 66, and the 59.868 pullback low and rising trendline sit beneath.

Support: 60.00, 59.868, 59.399

Resistance: 60.233, 60.449

What it said to watch

  • M15 close above the 60.233 session high exposes the 60.449 yday high
  • M15 close back below 60.00 psych and the 59.868 pullback low would signal the breakout failing, opening a deeper retrace of the rally toward the 59.399 ny high
  • A break of the rising trendline would end the higher-low sequence from the late-NY base
  • UoM sentiment and 1y/5y inflation expectations at 14:00 UTC could materially shift this read via yields

03:17 UTC

Uptrend, stalling at session high · RSI 70 · price 60.077

Double bottom breakout, HH/HL chain through Asia.

Silver built a double bottom at 58.49/58.53 during Thursday's London and NY sessions. It then cleared the 59.40 neckline in Asia and reclaimed the $60 psych, reaching a 60.23 session high. The latest bar rejected that high with RSI(14) near 70, and the reclaim comes against the digest's heavy tone after hawkish FOMC minutes, so holding $60 is the immediate test.

Support: 60.00, 59.87, 59.40

Resistance: 60.233, 60.47

What it said to watch

  • M15 close back below the 60.00 psych puts the breakout in doubt
  • Loss of the 59.87 pullback low and the rising support line ends the Asian HH/HL chain
  • Acceptance above the 60.23 session high opens the 60.47 prior high
  • UoM sentiment and inflation expectations at 14:00 UTC could materially shift this read via yields

03:04 UTC

Intraday uptrend, RSI stretched · RSI 78 · price 60.195

HH/HL chain through Asia session after double bottom breakout above 59.40.

The Asia session extended a short-covering rebound off the 58.49/58.53 double bottom as USD and yields eased. Price cleared the 59.40 neckline and reclaimed the $60 psych level, with the session high at 60.233 now the range top. RSI(14) near 78 is stretched, price sits well above the rising Asian trendline, and the 59.87 swing low is the nearest pivot.

Support: 60.00, 59.868, 59.399

Resistance: 60.233, 60.47

What it said to watch

  • Holding above the 60.00 psych keeps the breakout intact; a close back below reopens the 59.87 swing low
  • Session high at 60.233 and the 60.47 prior high are the next areas to watch for rejection or break
  • Loss of the 59.40 neckline would void the double bottom read
  • UoM sentiment and inflation expectations at 14:00 UTC could materially shift this read

02:47 UTC

Uptrend, extended above $60 · RSI 77 · price 60.158

Higher highs/higher lows through Asia, $60 reclaimed.

Silver has rebuilt from yesterday's 58.525 NY low after the hawkish-minutes slide. A 01:00 UTC impulse bar off the 59.518 breakout low carried it back through the $60 psych level. Late Asia session shows a clean HH/HL chain, with dips held at the 59.868 swing low and then 60.00. The session high at 60.187 is capping for now, with RSI(14) near 77 running hot but not extreme.

Support: 60.00, 59.868, 59.518

Resistance: 60.187, 60.47

What it said to watch

  • Close back below 60.00 psych would put the Asia breakout at risk of a false break
  • Break of the 60.187 session high opens yesterday's prior high at 60.47
  • Loss of the 59.868 swing low ends the HH/HL chain; the 38.2% fib sits near the 59.518 breakout low
  • London open liquidity could test the Asia range extremes
  • UoM sentiment and inflation expectations at 14:00 UTC could materially shift this read via yields

02:32 UTC

Intraday uptrend, momentum flattening at $60 · RSI 72 · price 60.031

Higher lows off 58.49/58.53 double bottom; Asia broke the prior NY high and reclaimed 60.00.

Asia session extended the recovery from the 58.49/58.53 double bottom. A breakout bar at 01:00 UTC cleared 59.70 and reclaimed the $60 psych, undoing Thursday's break below it, and printed a session high at 60.156. Price is now holding just above 60.00 with RSI(14) near 72 and momentum flattening; rising support from the NY 58.53 low sits near 59.68.

Support: 60.00, 59.868, 59.52

Resistance: 60.156, 60.47

What it said to watch

  • M15 close back below the 60.00 psych puts the reclaim in doubt; a break of the 59.868 pullback low breaks the higher-low chain
  • Close above the 60.156 session high exposes the 60.47 prior high, inside the $60–60.60 zone that capped silver on Thursday
  • Loss of rising support and the 38.2% fib at 59.52 would undo the Asia breakout
  • UoM sentiment and inflation expectations (Fri 14:00 UTC) and Iran-strike headlines could materially shift this read

02:17 UTC

Uptrend, stalling at $60 · RSI 76 · price 60.028

Double bottom at 58.49/58.53, Asia breakout back above $60 psych.

Silver held a double bottom at 58.49/58.53 through the London and NY sessions. A steady Asia-session grind, capped by a 47-cent breakout bar from 59.52, took price back above the $60 psych level. The session high at 60.156 is so far capping, with RSI(14) near 76. Price is now testing the $60 area the digest flags as resistance after the hawkish-FOMC selloff.

Support: 60.00, 59.868, 59.52

Resistance: 60.156, 60.47

What it said to watch

  • M15 close back below the 60.00 psych level, then the 59.868 pullback low, would mark a failed reclaim
  • Break of the 60.156 session high opens the 60.47 prior high from Thursday's Asia session
  • Loss of the 59.52 breakout bar (38.2% of the rebound fib) and the Asia trendline unwinds the breakout
  • UoM sentiment and inflation expectations at 14:00 UTC could materially shift this read via yields

02:04 UTC

Uptrend, RSI stretched · RSI 78 · price 60.075

Higher lows off a double bottom; Asia reclaimed $60.

Silver put in a double bottom at 58.49/58.53, the two-month low. It then broke the 59.40 NY high and pushed back through the $60 psych during the Asia session, with higher lows riding the rising trendline. RSI(14) near 78 is stretched just under the 60.156 session high, and the 60.47 prior high sits inside the $60–60.60 cap the digest flagged after Thursday's yield-driven slide.

Support: 60.00, 59.87, 59.40

Resistance: 60.156, 60.47

What it said to watch

  • M15 close back below the 60.00 psych puts the reclaim at risk of a false break
  • Break of the 59.87 swing low ends the higher-low chain and the rising trendline comes into play
  • Acceptance above the 60.156 session high exposes the 60.47 prior high
  • Loss of the 59.40 NY high (breakout level) undoes the double bottom read
  • UoM sentiment and 1y/5y inflation expectations (Fri 14:00 UTC) could materially shift this read via yields

01:48 UTC

Intraday uptrend, extended · RSI 76 · price 60.014

Higher lows off 58.49/58.53 double bottom; Asia breakout back to $60.

Silver has climbed steadily through the Asia session off the 58.49/58.53 double bottom, despite the hawkish-FOMC backdrop. The 01:00 UTC breakout bar put price back on the $60 psych level, and the pullback low at 59.87 has held. The session high at 60.07 sits just under the fib 78.6 at 60.13 of Thursday's 60.58–58.49 slide, with RSI(14) near 76 running hot.

Support: 60.00, 59.87, 59.70

Resistance: 60.07, 60.13, 60.58

What it said to watch

  • M15 close back below the 59.87 pullback low loses $60 psych and exposes the 59.70 prior high
  • Clearance of the 60.07 session high and the 60.13 fib 78.6 opens the 60.58 asia high that capped Thursday
  • Break of the trendline from the 58.53 low (near 59.60) ends the higher-low chain
  • UoM sentiment and 1y/5y inflation expectations at 14:00 UTC could materially shift this read

01:32 UTC

Intraday uptrend, stalling at $60 · RSI 73 · price 59.896

Higher lows through Asia session, breakout above 59.70 then rejection at 60.035.

Silver has climbed steadily since the 59.22 Asia session open. It cleared yesterday's ny high at 59.40, then a 47-cent impulse at 01:00 UTC broke the 59.70 breakout lvl. The first test of $60 psych met rejection at the 60.035 session high, with RSI(14) near 73. The session rally is a rebound from the two-month low the digest flags after the hawkish FOMC minutes.

Support: 59.70, 59.52, 59.40

Resistance: 60.035, 60.58

What it said to watch

  • M15 close above the 60.035 session high reclaims $60 psych and opens the 60.58 prior high, yesterday's Asia cap
  • Failure to hold the 59.70 breakout lvl brings the 59.52 swing low into focus; it sits near the 61.8% fib of the session rally and the asia trendline
  • A break below the asia trendline and the ny high at 59.40 would unwind the session rally
  • Michigan sentiment and 1y/5y inflation expectations at 14:00 UTC could materially shift this read via yields

01:17 UTC

Intraday uptrend, extended into resistance · RSI 79 · price 59.949

Higher lows off the 58.50 double bottom, testing 60.00 from below.

Asia session extended the bounce off yesterday's 58.50 two-month low, a double bottom with the 58.53 NY retest. A 47-cent bar at 01:00 UTC drove silver straight into the 60.00 psych level, yesterday's breakdown shelf, and price now sits near the 70% fib of the selloff from the 60.58 asia high. RSI(14) at about 79 is stretched after a one-way climb from the 59.22 session low, consistent with the short-covering pop flagged in the macro read despite the hawkish Fed backdrop.

Support: 59.54, 59.40, 59.22

Resistance: 60.00, 60.19, 60.58

What it said to watch

  • M15 close above 60.00 psych opens the 60.19 swing high, then the 60.58 asia high
  • Rejection at 60.00 with a close back below the 59.54 swing low exposes 59.40, the prior high from the NY bounce
  • Break of the rising trendline from the 58.53 low ends the higher-low sequence
  • Iran strike headlines and UoM sentiment/inflation expectations (Fri 14:00 UTC) could materially shift this read via yields

01:06 UTC

Intraday uptrend off the lows, momentum firm · RSI 68 · price 59.56

Higher lows from 58.50; Asia broke above Thursday's 59.40 NY high.

Early Asia session: silver lifted from the 59.22 reopen through Thursday's 59.40 NY high to a 59.70 Asian high, extending the higher-low chain off the 58.50 2-month low. The move reads as a short-covering bounce after the FOMC-minutes slide. RSI(14) near 68, and supply has capped price at the 59.70 asia high so far.

Support: 59.40, 59.25, 58.50

Resistance: 59.70, 60.00

What it said to watch

  • Holding the 59.40 ny high keeps the breakout intact; a drop through the rising trendline and the 59.25 38.2% fib puts price back inside Thursday's range
  • M15 close above the 59.70 asia high exposes 60.00 psych, the level the news flow flags as the breakdown pivot
  • UoM sentiment and 1y/5y inflation expectations at 14:00 UTC could materially shift this read
  • Loss of the 58.50 2-month low would resume the downtrend

00:47 UTC

Intraday uptrend off the lows, RSI warm · RSI 73 · price 59.628

Higher highs and higher lows since 16:00 UTC double bottom.

Silver rebounded off a 58.49/58.53 double bottom at the two-month low, cleared the 59.40 neckline and set a session high at 59.70 early in the Asia session. Higher lows hold along the rising trendline, with RSI(14) near 73 warm but not stretched. The backdrop stays heavy after the hawkish FOMC minutes, which leaves the 60.00 psych level as the overhead test.

Support: 59.46, 59.40, 58.49

Resistance: 59.70, 60.00, 60.58

What it said to watch

  • Rejection at the 59.70 session high or the 60.00 psych level would cap the rebound under the asia high at 60.58
  • An M15 close back below the 59.40 neckline undermines the double bottom read
  • A break of the rising trendline and the 59.46 swing low ends the higher-low chain, exposing the rebound fib 50% near 59.11
  • Fri 14:00 UTC UoM sentiment and inflation expectations could materially shift this read via yields

00:32 UTC

Intraday recovery, higher lows from NY low · RSI 76 · price 59.584

Double bottom near 58.50, break above 59.40 prior high.

Silver has bounced off the 58.49 London and 58.53 NY lows, which form a double bottom at the two-month low. Early in the Asia session it pushed through Thursday's 59.40 prior high to a 59.637 session high as USD fades toward 102.00 on the Iran pledge. RSI(14) near 76 is stretched but not extreme, and the rising lows from the NY low remain intact.

Support: 59.40, 59.312, 59.081

Resistance: 59.637, 60.00

What it said to watch

  • M15 close back below the 59.40 prior high would turn the breakout into a false break
  • Loss of the 59.31 swing low breaks the rising lows and exposes the fib 50% at 59.08
  • Clearance of the 59.637 session high brings the 60.00 psych level into view, where Thursday's Asia rally stalled
  • Fresh Iran strike headlines or oil swings could reverse the USD fade
  • UoM sentiment and 1y/5y inflation expectations (Fri 14:00 UTC) could materially shift this read

00:17 UTC

Short-term recovery, overbought · RSI 76 · price 59.60

Higher lows off 58.50 double bottom; NY high 59.40 cleared.

Silver is rebounding in early Asia from a double bottom at the 58.50 2-month low, which was set in the hawkish-minutes selloff, and has cleared the 59.40 NY high from the reopen low at 59.22. RSI(14) near 76 is stretched, with price at the 50% retrace of the 60.58 Asian high to 58.49 drop. The 59.82 breakdown area, close to the 61.8% fib, is next overhead.

Support: 59.40, 59.22, 58.50

Resistance: 59.82, 60.00, 60.58

What it said to watch

  • M15 close back below the 59.40 NY high returns price to the prior NY range
  • Acceptance above the 59.82 breakdown area and 61.8% fib opens the 60.00 psych level, with the 60.58 Asian high beyond
  • Loss of rising support from 58.53 and of the 59.22 reopen low breaks the higher-low chain
  • UoM sentiment and inflation expectations at 14:00 UTC could reshape this read; 58.50 2-month low remains the floor

00:05 UTC

Intraday rebound, overbought · RSI 76 · price 59.637

Higher lows off the double bottom, NY high cleared.

Early Asia session is extending the rebound off the 58.49/58.53 double bottom, which formed near the two-month low after the hawkish FOMC minutes. Price has cleared Thursday's NY high at 59.40 with RSI(14) near 76 and now sits between the 50% (59.54) and 61.8% (59.78) retrace of the 60.58–58.49 drop, below the 60.00 psych level.

Support: 59.399, 59.219, 58.494

Resistance: 59.783, 60.00, 60.58

What it said to watch

  • M15 close back below the 59.40 NY high returns price to the 59.00–59.40 range and voids the breakout
  • Rejection at the 61.8% fib or 60.00 psych caps the rebound inside the breakdown zone
  • Close above 60.00 exposes the 60.58 Thu high
  • Break of the rising trendline and the 59.22 Asia low ends the higher-low chain
  • UoM sentiment and inflation expectations at 14:00 UTC could materially shift this read

All markets that day · Today’s XAG/USD Live Scan in the terminal