XAG/USD AI Live Scan, 4-hour chart, Monday, 9 November 2026
Every read JAFX AI made on the XAG/USD 4-hour chart that day, newest first: trend, structure, the levels it marked and what it said to watch.
22:06 UTC
Broader downtrend, rebounding off the lows · RSI 61 · price 53.341
Higher lows since 48.60, range capped at 53.45-53.50.
Silver has printed higher lows since the 48.60 one-yr low: 51.18, the range floor, then Monday's 52.06 higher low. The rebound came as the midterm result weighed on the USD, and the pair absorbed Friday's strong NFP without losing 52.00. Price is retesting the 53.45-53.50 range cap for a third time, which sits near the 78.6% retracement (53.32) of the 54.60-48.60 decline. Price trades above both EMAs, and ATR(14) has compressed to roughly 800 pips from the early-month expansion.
Support: 52.06, 51.18, 48.60
Resistance: 53.47, 54.60
What it said to watch
US CPI Tue 13:30 GMT (with Waller at 09:00) could materially shift this read
H4 close above the 53.47 range cap shifts the focus to the 54.60 swing high
Loss of the 52.06 higher low and the rising higher-low line weakens the rebound structure
Break of the 51.18 range floor reopens the 48.60 one-yr low
18:05 UTC
Recovering from one-year low, capped below range top · RSI 55 · price 52.647
Higher lows since 48.60; two-sided range 51.18-53.45.
Silver has made higher lows since the Nov 3 one-year low at 48.60, and the post-midterm USD drop drove the rally that stalled twice at the 53.45 range top. The NFP-driven pullback held the 51.18 higher low near the 38.2% fib, and EMA20 has crossed above EMA50. Price is now rotating mid-range above the 52.06 Monday low, with ATR(14) near 840 pips and range bars narrowing ahead of US CPI.
Support: 52.06, 51.18, 48.60
Resistance: 53.45, 54.60, 55.00
What it said to watch
H4 close above the 53.45 range top breaks the double cap and opens the 54.60 prior high, then 55.00 round number
Failure to hold the 51.18 higher low breaks the swing structure and exposes the 48.60 one-year low
Loss of the 52.06 Monday low puts price back toward the lower half of the range
US CPI Tue 13:30 GMT (y/y f/c 3.9%, core m/m f/c 0.2%) could materially shift this read via December hike pricing
Higher lows since 48.60; capped twice at the 53.45 weekly high.
Silver has built higher lows off the 48.60 year low. The midterm-driven USD drop lifted price to the 53.45 weekly high, and the 51.18 swing low then held near the 38.2–50% retracement. Monday's retest of 53.45 met rejection, leaving a 51.18–53.45 range with price above both EMAs and EMA20 holding over EMA50. ATR(14) near 880 pips stays elevated, and price is sitting mid-range just above the 52.06 monday low.
Support: 52.06, 51.18, 48.60
Resistance: 53.45, 54.60, 55.00
What it said to watch
US CPI Tue 13:30 GMT could materially shift this read and decide the range break
H4 close above the 53.45 weekly high opens the 54.60 prior high, then the 55.00 round number
Failure to hold the 52.06 monday low exposes the 51.18 swing low
A break below 51.18 ends the higher-low sequence and brings the 48.60 year low back into view
Higher low at 51.18 off 48.60, ranging 51.18–53.45.
The slide from 57.88 bottomed at the 1yr low near 48.60. Wednesday's Democratic midterm sweep knocked the USD and drove a sharp rebound, which stalled at 53.45, roughly the 50% retracement of the decline. The double cap at 53.45 has now rejected two tests, while the 51.18 swing low marks a higher low, leaving a 51.18–53.45 range. Price is pinned around the flat, converged ema20/50 near 51.95, the earlier hot NFP was largely absorbed, and ATR of about 880 pips is off the sell-off peak without being compressed.
Support: 51.95, 51.18, 48.60
Resistance: 53.45, 54.60
What it said to watch
US CPI Tue 13:30 GMT could materially shift this read; a soft core print puts the 53.45 double cap back in play
H4 close above the 53.45 double cap breaks the range read and exposes the 54.60 range top from the late-October consolidation
Loss of the ema20/50 cluster near 51.95 turns focus to the 51.18 swing low; a break there undoes the higher-low structure
Failure to hold 51.18 reopens the path back toward the 48.60 1yr low
Higher lows off the year low, capped by a lower high.
Silver has built higher lows from the 48.60 year low through the 51.18 swing low and the 52.00 pivot. The Wednesday leg came on the midterm-driven USD slide, and Friday's hot NFP was absorbed. The rebound is now retesting the 53.45 week high on Iran de-escalation and softer oil, with price above both EMAs, but the sequence of lower highs from 54.60 still defines the multi-week downtrend. ATR(14) near 850 pips shows an expanded regime rather than compression.
Support: 52.00, 51.178, 48.599
Resistance: 53.453, 54.605, 55.00
What it said to watch
H4 close above the 53.45 week high and falling trendline would break the lower-high sequence and expose 54.60 and the 55.00 round number
Failure to hold the 52.00 pivot puts the 51.18 swing low and the rising higher-low trendline under test
Loss of 51.18 reopens the 48.60 year low and resumes the downtrend
US CPI Tue 13:30 UTC, plus Fed speakers Mon–Tue, could materially shift this read
Lower high at 53.45 below 54.60; range 51.18-52.35.
The slide from 58.03 bottomed at the 48.60 swing low. The election-driven rebound then capped at the 53.45 rebound high, a lower high beneath the 54.60 prior high, so the lower-highs trendline from late October stays intact. Since then price has gone sideways between the 51.18 range low, defended twice, and the 52.35 range high. It is sitting near the 38.2% retracement of the 48.60-53.45 swing, while flat EMA20 and EMA50 around 51.9-52.1 sit just overhead. Silver held this range through Friday's hot NFP and the USD rally, and ATR has contracted from the rebound bar, which points to compression ahead of CPI.
Support: 51.18, 50.45, 48.60
Resistance: 52.35, 53.45, 54.60
What it said to watch
US CPI Tue 13:30 UTC (core m/m f/c 0.2%) could materially shift this read; Fed speakers Bowman, Goolsbee, Barkin and Waller precede it
H4 close below the 51.18 range low exposes the 61.8% fib at 50.45 and then the 48.60 swing low
H4 close above the 52.35 range high puts the 53.45 rebound high and the lower-highs trendline back in play
A break of the 54.60 prior high would end the lower-high sequence