Failed Asia push above Friday high, then lower highs into a 60.12–60.33 base.
Monday's Asia session pushed through Friday's 61.17 high to 61.435. The move faded through London and NY on the Riyadh attack headlines and firmer oil, leaving a lower-high sequence and a Monday low at 60.123. Price now sits below EMA(20) and EMA(50) with RSI(14) near 39, hovering at the 38.2% fib of the Thursday-to-Monday rally. Thin after-hours trade has flattened the decline into a tight base just above the 60.00 psych level, nudging above the lower-highs line.
Support: 60.123, 60.00, 59.617
Resistance: 60.828, 61.435
What it said to watch
H1 close below the 60.123 monday low and 60.00 psych opens the 61.8% fib at 59.617
Reclaiming the 60.828 weekly open would neutralise Monday's lower-highs sequence
Fed's Waller (Tue 07:45 UTC) and US CPI (Wed 12:30 UTC, MoM f/c 0.6%) could materially shift this read
10Y UST yield pushing through 5.35% would add pressure on the 38.2% fib area
Lower highs since Monday Asia high; Friday rebound 38.2% retraced.
Friday's rebound ran from Thursday's two-month low at 58.49 to 61.17 as yields corrected and Iran-talk headlines eased oil. Monday's Asia push to the 61.44 monday high was a false break above the friday high. Price then put in a series of lower highs through London and NY as the Riyadh attacks lifted oil and Hammack's hawkish remarks firmed the dollar. The slide tagged a 60.12 monday low and now sits on the 38.2% retracement near 60.31, below ema20 (~60.50) and EMA50, with RSI(14) in the mid-30s.
Support: 60.12, 59.62
Resistance: 60.50, 61.17, 61.44
What it said to watch
H1 close below the 60.12 monday low and psych 60 exposes the 61.8% fib at 59.62
Recovery back above the Monday lower-high trendline and ema20 near 60.50 would ease the pullback read; friday high at 61.17 is the next cap
Monday high at 61.44 marks the top of the false break; acceptance above it reopens the Tuesday 61.85 rejection area
US CPI Wed 14 Oct 12:30 UTC, with Waller Tue 07:45 UTC and Bowman Wed 09:40 UTC beforehand, could materially shift this read
Silver has given back most of Friday's rebound from Thursday's 58.49 low. The week high at 61.44 was set early in the Asia session and rejected. Price then slid through the London session as oil-driven inflation and yield pressure returned, and extended toward 60.12 during NY hours after Hammack's hawkish remarks firmed the dollar. Price now holds below EMA(20) and the 60.83 weekly open, with RSI(14) near 37 and a steady run of lower highs. The last six hours have compressed around the 38.2% retracement of the 58.49–61.44 rise, just above the 60.00 psych level.
Support: 60.123, 60.00, 59.617
Resistance: 60.47, 60.828, 61.435
What it said to watch
Hourly close below the 60.12 monday low and 60.00 psych exposes the 61.8% fib at 59.62
Last bar is pressing the lower-highs trendline from the week high; a recovery through EMA(20) at 60.47 and the 60.83 weekly open would break that sequence
Fed's Waller (Tue 07:45 UTC) and US CPI (Wed 12:30 UTC) could materially shift this read
A renewed push above the 61.44 week high would turn the rejection into a range-top retest
20:04 UTC
Friday rebound fading; lower highs since Monday's Asia high · RSI 31 · price 60.20
Monday's Asia session pushed to a 61.44 monday high above the 61.17 friday high, but the move did not hold. Price has printed a steady run of lower highs through London and NY as the Riyadh attacks revived oil and inflation risk and Hammack's hawkish remarks firmed USD. The slide has taken silver back below the 60.83 weekly open and under both EMA(20) and EMA(50), with RSI(14) near 31. Price is through the 38.2% level of the Thursday–Monday rally and sits on the monday low at 60.12, just above Friday's 60.10 pullback low.
Support: 60.12, 60.00, 59.50
Resistance: 60.83, 61.17, 61.44
What it said to watch
H1 close below the psych 60 level, also the 50% Thu–Mon fib, would put the friday base near 59.50 (61.8%) in play
A reclaim of the lower highs trendline and the 60.83 weekly open would neutralise the fade from the Monday high
Waller Tue 07:45 UTC and ADP 4-wk avg Tue 12:15 UTC could shift the read ahead of Wednesday's CPI
US CPI Wed 12:30 UTC (MoM f/c 0.6%) is the key event risk for the 60.00–61.17 band
Lower highs since Monday's Asia peak; failed break above Friday high.
Silver opened the week at 60.828 and cleared the 61.173 Friday high in Asia to print 61.435. That break failed, and London and NY sessions sold it into a run of lower highs as the Riyadh attack headlines revived oil and inflation risk and the dollar turned bid. Price now sits below EMA(20) near 60.49 and EMA(50) near 60.40, at the 60.143 Monday low and just above the 60.00 psych level, which lines up with the 50% retracement of the Thursday-to-Monday rally; RSI(14) near 30 reflects a steady grind rather than a flush.
Support: 60.143, 60.00, 59.219
Resistance: 60.49, 60.828, 61.173
What it said to watch
An H1 close below the 60.00 psych level and the 50% fib exposes the friday low at 59.219, the base of Friday's rally
A recovery above EMA(20) and the lower-highs trendline toward the weekly open at 60.828 would neutralise the intraday downtrend; the friday high at 61.173 caps above
Waller (Tue 07:45 UTC) and US CPI (Wed 12:30 UTC) could materially shift this read
Lower highs since Monday's Asia high; pullback toward the psych 60.00 area.
Monday's Asia push to the 61.435 monday high came as ceasefire headlines pulled yields lower, but it failed to extend. Price has printed lower highs through London and NY since then, as the Riyadh attacks revived oil and inflation risk, and it has slipped back below the weekly open at 60.828 and both EMAs. The pullback now sits just under the 38.2% level of the 58.494–61.435 rally fib, with the monday low at 60.158 the nearest floor and RSI(14) near 33, not yet oversold.
Support: 60.158, 59.618
Resistance: 60.828, 61.173, 61.435
What it said to watch
H1 close below the 60.158 monday low and the psych 60 pivot exposes the fib 61.8 at ~59.62
Recovery above the weekly open at 60.828 breaks the lower-high trendline read, with the friday high at 61.173 next above
A close above the 61.435 monday high would resume Friday's impulse and invalidate the pullback structure
Fed's Waller (Tue 07:45 UTC) and US CPI (Wed 12:30 UTC) could materially shift this read
Lower highs since Monday's Asia peak; price at the 50% retrace of Friday's impulse, below both EMAs.
Silver printed its Monday high at 61.435 in the Asia session as ceasefire headlines pulled oil and yields lower. It met rejection there and faded through London and NY as the Riyadh attacks revived oil and inflation risk, slipping below the 60.828 weekly open and the EMA(20) near 60.57. Price now sits on the 60.158 Monday low at the 50% retrace of Friday's 59.12–61.44 rally, with RSI(14) near 31 and each hourly lower high capping the bounces.
Support: 60.158, 60.00, 59.219
Resistance: 60.57, 60.828, 61.435
What it said to watch
H1 close below the 60.00 psych level, which coincides with the 61.8% retrace, would confirm a deeper fade toward the 59.22 Friday base
A reclaim of the ema20 and the lower-high trendline would neutralise the Monday fade, with the 60.828 weekly open the next test
A move back above the 61.435 Monday high would put Tuesday's ~61.85 rejection area back in play
US CPI Wed 12:30 UTC (MoM f/c 0.6%, YoY f/c 3.7%) and Waller Tue 07:45 UTC could materially shift this read
16:04 UTC
Friday rebound fading, lower highs since Monday's Asia peak · RSI 31 · price 60.235
Lower-high sequence from the 61.435 week high, pressing the 60.20 session low above 60.00.
Thursday's 58.49 low gave way to Friday's 2.8% short-covering rally on softer yields. Monday's Asia session extended it to a 61.435 week high on the Russia-Ukraine ceasefire, but supply capped the move there. Price has since printed lower highs through London and NY as the Riyadh attacks revived oil-driven inflation fears and USD turned bid, slipping below the weekly open and EMA20. Silver now sits at the 60.20 session low, just under the 38.2% retracement of the Thursday-to-Monday advance, with RSI(14) near 31 in thin holiday liquidity.
Support: 60.202, 60.00, 59.617
Resistance: 60.60, 60.828, 61.435
What it said to watch
Hourly close below the 60.00 psych pivot opens the 50% and 61.8% fib zone at 59.97–59.62
Reclaim of the lower-high line and EMA20 near 60.60, then the 60.83 weekly open, would neutralise Monday's fade
Fed's Hammack at 16:50 UTC today and Waller Tue 07:45 UTC could shift yield pricing
US CPI Wed 12:30 UTC (0.6% MoM / 3.7% YoY f/c) is the main risk to this structure; a rejection at the week high followed by a hot print exposes 59.17–58.50
Lower highs and lower lows since Monday's Asia high; testing 38.2% rally retrace.
Monday's Asia push above Friday's 61.17 high to a 61.435 week high failed. Price has since printed lower highs and lower lows through London into the NY session, as the Riyadh airport attack revived oil-driven inflation and yield concerns. Silver now trades below EMA(20) near 60.65 and just under EMA(50) around 60.42, sitting on the 38.2% rally retrace of the 58.49–61.44 advance (~60.31) with the session low at 60.20 beneath. RSI(14) has eased to ~43 from the mid-60s on Friday, so the recovery is partly retraced but still holds above the 60.00 psych level.
Support: 60.202, 60.00, 59.219
Resistance: 60.65, 60.828, 61.435
What it said to watch
H1 close below the 60.20 session low extends the lower-low sequence toward the 60.00 psych pivot and the 50% rally retrace near 59.97
Loss of 60.00 exposes the 59.22 friday low, the base of Friday's rally leg
Price holding under the lower highs line and EMA(20) at 60.65 keeps the pullback structure intact; a close back above the 60.83 weekly open neutralises it
Recovery through the 61.435 week high would void the false break read
Fed's Hammack at 16:50 UTC and Waller Tue 07:45 UTC precede Wed CPI at 12:30 UTC; thin US-holiday liquidity can exaggerate moves
Lower highs since Monday's Asia peak, retracing Friday's impulse.
Friday's rebound from the 58.49 thursday low carried into a 61.44 monday high during the Asia session. Supply capped that push, and London-hours selling has carved lower highs back below the ema20 (60.66) and the 60.83 weekly open as the Riyadh airport attacks revived oil and inflation risk. Price is now retesting EMA(50) near 60.48, just above the 60.39 session low and the 38.2% retracement of the Friday-Monday leg at 60.31, with RSI(14) cooled into the high 40s.
Support: 60.389, 60.00, 58.494
Resistance: 60.66, 60.828, 61.435
What it said to watch
H1 close below the 60.39 session low and the 38.2% fib at 60.31 exposes the 60.00 psych pivot, then the 50% retracement near 59.96
Reclaim of the ema20 and the 60.83 weekly open would break the Monday lower-highs line and bring the 61.44 monday high back into view
Loss of 60.00 shifts focus back toward the 58.49 thursday low
Fed Hammack today 16:50 UTC and Waller Tue 07:45 UTC could move yields ahead of Wed CPI
US CPI Wed 12:30 UTC (0.6% m/m f/c) could materially shift this read
Friday recovery leg capped; lower highs since Monday's Asia high.
Friday's short-covering rally from Thursday's 58.49 low carried into Monday's Asia session, but the push to 61.44 above the friday high did not hold. Since the London open the pair has printed steady lower highs, as the Riyadh airport attacks revived oil-driven inflation fears. Price has slipped below the ema20 near 60.68 and is sitting on EMA(50) around 60.47, just above the monday low at 60.43, with RSI(14) eased into the high 30s; the 38.2% fib at 60.31 and the 60.00 psych pivot sit below, and the weekly open at 60.83 is the first reference overhead.
Support: 60.425, 60.31, 60.00
Resistance: 60.68, 60.83, 61.17
What it said to watch
H1 close below the 60.43 monday low exposes the 38.2% fib at 60.31 and the 60.00 psych pivot
Recovery above the lower-highs trendline and the 60.83 weekly open would neutralise Monday's rejection, with the 61.17 friday high next
Fed's Hammack at 16:50 UTC today and Waller Tue 07:45 UTC can move yields; US holiday keeps NY session liquidity thin
US CPI Wed 12:30 UTC (f/c 0.6% m/m, 3.7% y/y) is the main catalyst for a break of the 60.00–61.17 band
Lower high at 61.435 vs Tuesday's 61.853; 60.46–61.44 range.
Friday's NY-session rally off Thursday's 58.494 two-month low ran into an Asia-session Monday high at 61.435. That is a lower high against Tuesday's 61.853 rejection. London faded the move to a 60.463 Monday low as the Riyadh airport attacks revived oil-driven yield pressure. Price now sits just under EMA(20) near 60.73 and the 60.828 weekly open but above EMA(50), with RSI(14) back to 49 and price holding near the 61.8% retrace of the week's drop at 60.57.
Support: 60.463, 60.174, 60.00
Resistance: 60.828, 61.173, 61.435
What it said to watch
H1 close below the 60.463 Monday low exposes the fib 50% at 60.174 and the 60.00 psych pivot
Recovery above EMA(20) and the 60.828 weekly open reopens the 61.173 Friday high; a break of the 61.435 Monday high clears the lower highs line from Tuesday
Fed's Hammack today 16:50 UTC and Waller Tue 07:45 UTC could shift yields ahead of Wed CPI (MoM f/c 0.6%)
Oil reaction to Houthi retaliation headlines remains the yield channel for silver; thin holiday trade can exaggerate moves
09:07 UTC
Recovery from Thursday low, stalling below Tuesday high · RSI 46 · price 60.507
Lower high at 61.44 under 61.85; pullback testing EMA50.
Silver rebounded from Thursday's 58.49 London-session low through Friday's NY session as falling oil and softer yields on the ceasefire headlines lifted the metal, but Monday's Asia-session high at 61.44 printed a lower high beneath the Tuesday high at 61.85. The London open knocked price back under the weekly open at 60.83 and EMA(20) near 60.75, with RSI(14) slipping to ~46 as price retests EMA(50) at 60.49, the base of Friday's NY breakout. The 38.2% fib of the Thu-Mon rally sits just below at 60.31.
Support: 60.49, 60.31, 60.00
Resistance: 60.83, 61.44, 61.85
What it said to watch
H1 close below the 38.2% fib at 60.31 exposes the 60.00 psych level and Friday's 59.22 low
Reclaim of the weekly open at 60.83 puts the monday high at 61.44 and the lower-high trendline back in focus; a break above it opens the tuesday high at 61.85
Fed's Hammack at 16:50 UTC today and US CPI Wed 12:30 UTC (f/c 0.6% MoM / 3.7% YoY) could materially shift this read; US holiday liquidity is thin
08:07 UTC
Recovery from two-month low, stalling at weekly open · RSI 55 · price 60.83
Higher low at 58.49, lower high at 61.44 under 61.85; Monday range 60.73–61.44.
Silver has recovered from Thursday's London-session two-month low at 58.49. Friday's rally peaked at the 61.17 friday high in the first hour of NY as oil and yields fell on the Russia-Ukraine ceasefire and Iran headlines. Monday's Asia session extended to a 61.44 week high, then met rejection and faded back to the 60.83 weekly open. Price now sits on EMA(20) near 60.79 with RSI(14) easing to ~55, and the Friday trendline gave way in late Asia trade. The 61.44 peak is a lower high under the 61.85 tuesday high, so the lower highs line still caps the recovery while the monday low at 60.73 frames the session range.
Support: 60.73, 60.31
Resistance: 61.17, 61.44, 61.85
What it said to watch
Hourly close below the 60.73 monday low opens the 38.2% fib at 60.31 and psych 60 below
Close back above the 61.17 friday high and then the 61.44 week high breaks the lower highs line and puts the 61.85 tuesday high in view
Fed's Hammack today 16:50 UTC and US CPI Wed 12:30 UTC (f/c 0.6% m/m, 3.7% y/y) could materially shift this read; US holiday liquidity is thin
Higher lows off 58.49 double low; 60.64–61.44 range below 61.85.
Silver has recovered most of the Tuesday-to-Thursday slide from the 61.85 week high to the 58.49/58.53 double bottom. Friday's rally, helped by lower oil and easing yields after the ceasefire headlines, cleared 60.00 psych in Asia and reached the 61.17 friday high in the first hour of NY. Monday's Asia push stalled at the 61.44 monday high. Price is now rotating between the 60.64 range low and that high, holding just above ema20 (~60.79) with RSI(14) near 55 and momentum flattening.
Support: 60.79, 60.635, 60.00
Resistance: 61.173, 61.435, 61.853
What it said to watch
H1 close above the 61.44 monday high reopens the 61.85 week high and the lower highs line from Tuesday
Repeated failure below the 61.17 friday high keeps the 60.64–61.44 range intact
Loss of ema20 and the 60.64 range low exposes 60.00 psych, near the 38.2% of Friday's rally
Fed's Hammack today 16:50 UTC and Waller Tue 07:45 UTC could shift the read ahead of US CPI Wed 12:30 UTC
Higher lows off the 58.49 base, stalling below the 61.44 Monday high.
Silver put in a double bottom near 58.50 during Thursday's sell-off after the hawkish FOMC minutes. It then recovered through Friday's NY session as lower oil and the Russia-Ukraine ceasefire eased yields. Monday's Asia session extended the move to a monday high at 61.435, but that push met rejection and price has slipped back to 60.93. Price is still holding above EMA(20) near 60.77, the 23.6% level of the recovery fib and the 60.73 session low. RSI(14) has cooled to around 53 from Friday's highs, and Tuesday's 61.853 week high remains the cap on this week's range.
Support: 60.73, 60.43
Resistance: 61.435, 61.853
What it said to watch
H1 close below the 60.73 session low exposes the ema50 near 60.43 and the 38.2% recovery fib around 60.31
Hold above 61.435 monday high reopens the 61.853 week high and the $62 psych level where Tuesday's rally was rejected
Loss of the $60 psych level would undo most of Friday's recovery and weaken the double bottom read
Fed's Hammack (Mon 16:50 UTC) and Waller (Tue 07:45 UTC) could shift yields ahead of Wednesday's US CPI at 12:30 UTC, the main event risk for this structure
05:07 UTC
Recovery uptrend, stalling below the week high · RSI 57 · price 60.997
Higher lows since Thursday's 58.49 low, capped by a lower-high line from Tuesday.
Silver has retraced most of the Wednesday–Thursday slide from the 61.85 tuesday high to the 58.49 two-month low. The recovery began in Thursday's late Asia session and extended through Friday's NY open as easing yields and lower oil after the ceasefire lifted metals. Monday's Asia push to the 61.44 asia high stalled just under the lower-high line and slipped back toward the weekly open at 60.83, with price still above EMA(20) near 60.77 and RSI(14) cooling to around 57.
Support: 60.828, 60.77, 60.00
Resistance: 61.435, 61.853, 62.00
What it said to watch
H1 close above the 61.44 asia high and the lower-high line opens a retest of the 61.85 tuesday high and the 62.00 round number
Failure to hold the weekly open and ema20 zone at 60.77–60.83 shifts the read back to range, with 60.00 psych next and the recovery fib 61.8% near 59.62 below
US CPI Wed 12:30 UTC (f/c 0.6% m/m, 3.7% y/y) could materially shift this read; Fed's Hammack (16:50 UTC today) and Waller (Tue 07:45 UTC) come first
Higher lows off 58.50 double bottom; capped near 78.6% retrace.
Hawkish FOMC minutes and firm yields drove silver from the 61.853 Tuesday high to a 58.50 double bottom on Thursday. The ceasefire-led drop in oil then fuelled Friday's recovery through the fib 61.8 at 60.57. Monday's Asia session extended to a 61.435 weekly high before fading back under the fib 78.6 at 61.13. Price still holds above EMA(20) near 60.75 and the 60.82 weekly open, with RSI(14) near 62, off its Friday highs.
Support: 60.82, 60.57, 60.00
Resistance: 61.13, 61.435, 61.853
What it said to watch
H1 close back below the 60.82 weekly open and EMA(20) shifts focus to the fib 61.8 at 60.57; losing that exposes the 60.00 psych level
H1 close above the 61.435 weekly high reopens the 61.853 Tuesday high and the $62 rejection zone
Repeated failure at the fib 78.6 (61.13) would mark a lower high under the weekly high
Fed's Hammack (Mon 16:50 UTC) and Waller (Tue 07:45 UTC) could shift yields and this read
US CPI Wed 12:30 UTC (f/c 0.6% m/m, 3.7% y/y) is the main structural risk for the week
Higher lows off Thursday's double bottom; Tuesday high at 61.85 not reclaimed.
Silver has retraced most of the Tuesday–Thursday decline from the tuesday high at 61.85 to the week low at 58.49. Thursday's double bottom gave way to higher lows through Friday as US yields and oil eased, and the 60.00 round number was reclaimed during the Asia session. Monday's Asia push to 61.44, the monday high, stalled just above the 78.6% fib near 61.13. Price is now back testing the rising trendline from Thursday's low, with EMA(20) near 60.84 below and RSI(14) around 59, below Friday's peak reading.
Support: 60.76, 60.00, 58.49
Resistance: 61.13, 61.44, 61.85
What it said to watch
Hourly close below the monday low at 60.76 breaks the higher-low sequence and the rising trendline
Loss of the 60.00 round number reopens the week low at 58.49
Close above the monday high at 61.44 brings the tuesday high at 61.85 back into view
Acceptance back below the 78.6% fib at 61.13 keeps the move a retracement inside the week's range
Fed's Hammack (Mon 16:50 UTC) and US CPI (Wed 12:30 UTC) could materially shift this read
Higher lows since double bottom, above Friday high.
Hawkish FOMC minutes and firm yields drove the weekly drop from Tuesday's 61.85 week high to a double bottom at 58.49/58.53 on Thursday. Higher lows have built since, as Friday's pullback in yields and oil lifted silver. Monday's Asia session pushed through the friday high at 61.17 and has now retraced beyond 78.6% of the weekly drop. Price is holding above the ema20 (~60.67) with RSI(14) in the mid-60s. Overhead sit the 61.42 session high, then 61.85 and the 62.00 psych level that capped Tuesday.
Support: 61.17, 60.67, 60.00
Resistance: 61.42, 61.85, 62.00
What it said to watch
Hourly close back below the friday high at 61.17 returns price to Friday's 60.65–61.17 range
Break of the higher-lows trendline and the ema20 near 60.67 would stall the recovery; the 60.00 round number is the pivot below
Close above the 61.85 week high puts the 62.00 psych cap in play
US CPI Wed 12:30 UTC (f/c 3.6% y/y) could materially shift this read; Fed's Hammack speaks today 16:50 UTC
The week's dominant move was the Tue–Thu decline from the 61.853 week high to 58.494, extended by the hawkish FOMC minutes. Thursday's double bottom near 58.50 led into a Friday recovery as yields and oil eased, breaking the lower-high line and tagging the 61.17 Friday high near the 78.6% retrace in the NY session. Since then price has held a 60.64–61.17 range above EMA(20) at 60.53, which sits near the 61.8% level, with RSI(14) cooling to ~59 and no gap at the Sunday open.
Support: 60.635, 60.53, 60.10
Resistance: 61.173, 61.853
What it said to watch
Hourly close below the 60.64 range low and EMA(20) exposes the 60.10 Friday low and the 60.00 pivot
Failure to hold the 60.10 Friday low breaks the higher-low sequence from Thursday's double bottom
Clearance of the 61.17 Friday high opens the path to the 61.85 week high
US CPI Wed 12:30 UTC (f/c 3.6%), with Hammack and Waller speaking beforehand, could materially shift this read