Lower highs from 53.70; post-breakdown consolidation above 49.70.
Silver has carved lower highs since Tuesday's 53.70 week high. The hot US CPI print drove a NY-session drop, and Thursday's USD rally pushed price through the 51.15–51.20 broken floor from London into the NY open, down to a 49.695 week low. Since then price has compressed in a 49.70–50.30 band below a falling EMA(20) at 50.643 and EMA(50) at 51.325, with RSI(14) lifting from 27.4 to 32.1 without a new low and ATR easing off 425 pips.
Support: 49.695, 49.00
Resistance: 50.643, 51.15, 51.452
What it said to watch
An H1 close back above the ema20 at 50.643 and the lower highs trendline would mark the first break in the sequence
A recovery into the 51.15–51.20 broken floor and the 51.452 weekly open tests whether old support now caps
Failure to hold the 49.695 week low extends the lower-low sequence toward the 49.00 round number
Fed's Williams in ~30 min and US PPI Fri 13:30 GMT could materially shift this read
Lower highs since Tuesday; weekly floor broken, tight base under 50.30.
Silver has printed lower highs at 53.70, 53.17 and 51.93 since Tuesday's hot-CPI selloff. Thursday's NY open broke the 51.12-51.20 broken floor on USD strength and hawkish Fedspeak, and price ran to a 49.695 week low, well below the weekly open at 51.45. Since then price has held a 49.70-50.30 band through NY hours, below a falling ema20 at 50.64. RSI(14) has lifted from 27 to 32 and ATR is easing off its Thursday spike.
Support: 49.695, 49.00
Resistance: 50.643, 51.116, 51.452
What it said to watch
H1 close below the 49.695 week low extends the lower-low sequence toward the 49.00 round number
Recovery above ema20 at 50.64 and the lower-highs trendline would mark the first break in this week's down-structure
Broken floor at 51.12, near the 38.2% fib of the Wed-Thu drop, is the area to watch for rejection on any bounce
Fed's Williams at 23:30 GMT and US PPI Fri 13:30 GMT could materially shift this read
21:03 UTC
Downtrend, extended near 50.00 · RSI 30 · price 49.969
Lower highs since Wednesday's 53.17 peak, consolidating above the 49.70 week low.
Silver opened the week at 51.45 and topped at 53.70 early Tuesday. The hotter US CPI print knocked it back to 51.12 in NY hours. Wednesday's Asia/London rebound stalled at 53.17, and the lower-high sequence since then broke the 51.15 broken floor at Thursday's London open, extending to a 49.70 week low in NY as the USD rallied on hawkish Fed repricing. Price is now compressing just under 50.00, below a falling ema20 at 50.705 and ema50 at 51.376, with RSI(14) at 30.1 and ATR easing from a 425-pip peak to 372 pips since the Thursday lows.
Support: 49.695, 49.00
Resistance: 50.306, 50.705, 51.15
What it said to watch
H1 close above the 50.306 bounce high and the ema20 at 50.705 would interrupt the lower-highs sequence
Failure to hold the 49.695 week low exposes the 49.00 round number
51.15 broken floor sits between the 38.2% and 50% retracement of the Wednesday-high leg, an area to watch for rejection on any rebound
Fed's Williams at 23:30 GMT tonight and US PPI Fri 13:30 GMT could materially shift this read
20:03 UTC
Downtrend, below both EMAs · RSI 32 · price 50.055
Range break lower, lower highs since Wednesday.
Wednesday's rebound toward 53.17 fully unwound on Thursday. A London-open slide was extended through the NY open, and price broke the 51.15 broken floor that had held through the week to set a week low at 49.695, with a firm USD and hawkish Fed pricing driving the move. Since then price has compressed in a tight 49.90–50.30 band beneath a declining ema20 at 50.78. RSI(14) is holding near 28–32 without a divergence, and ATR is easing off its expansion peak.
Support: 49.695, 49.00
Resistance: 50.78, 51.15, 51.433
What it said to watch
Hourly close back above the ema20 at 50.78 would interrupt the lower-highs sequence
Failure to hold the 49.695 week low opens the round number at 49.00
Reclaim of the 51.15 broken floor and ema50 at 51.43 (50% of the Wed-Thu decline) would neutralise the range-break read
Fed's Williams at 23:30 GMT and Friday's 13:30 GMT US PPI could materially shift this read
19:03 UTC
Downtrend, below both falling EMAs · RSI 32 · price 50.066
Lower highs since Tuesday; week range floor broken.
Silver fully unwound Wednesday's rally to 53.17 and broke below Tuesday's low at 51.116, the floor of the week's 51–53.7 range, at Thursday's London open. The NY session extended the decline to a week low at 49.695 as the USD stayed bid on hawkish Fed pricing, and softer claims gave no relief; the rebound high at 50.516 has capped price since, keeping the lower highs sequence intact. Price sits below a falling EMA(20) at 50.85 and EMA(50) at 51.487, RSI(14) has held a 27–32 band through the Wed–Thu decline, and ATR(14) expanded from about 297 to 425 pips before easing to 401.8.
Support: 49.695, 49.00
Resistance: 50.516, 50.85, 51.116
What it said to watch
H1 close back above the 51.116 tue low (51.15–51.20 broken floor) would undercut the range break read
Rebound high at 50.516 and ema20 at 50.85 are the first caps on any bounce
Failure to hold the 49.695 week low exposes the 49.00 round number
Fed's Williams at 23:30 GMT and US PPI on Fri 13:30 GMT could materially shift this read
RSI(14) holding near 27–32 while price makes lower lows; a push below 30 on a new low would mark oversold conditions
Lower highs since Wednesday; $51-53.70 weekly range broken lower.
Wednesday's Asia-to-London rally toward 53.17 has fully unwound, and Thursday broke the 51.12-51.15 broken floor (Tuesday's post-CPI low) at the London open. The NY session extended the drop to a 49.695 session low as the USD held its hawkish-Fed bid despite softer claims. Price sits below a falling EMA(20) at 50.922 and EMA(50) at 51.541, RSI(14) has held near 27-29 for five bars without a clear divergence, and ATR has expanded from 279 to about 408 pips; the bounce high at 50.516 is the first cap.
Support: 49.695
Resistance: 50.516, 50.922, 51.15
What it said to watch
H1 close back above the 50.922 ema20 and the lower-highs trendline would break the sequence of lower highs
Failure to hold the 49.695 session low exposes the psych 49 handle
Return above the 51.15 broken floor would put price back inside the prior weekly range
Fed's Daly (18:10 UTC) and Schmid (18:30 UTC) speak within the hour and could jolt the read
US PPI Fri 13:30 UTC (core MoM f/c 0.3%) is the main catalyst for the next swing
Lower highs and lower lows since Tuesday; Tuesday low broken.
Silver has printed lower highs since Tuesday's 53.70 week high. Thursday's sell-off broke the 51.12 Tuesday low, the post-CPI floor, through Asia and London, and NY hours extended it to a 49.695 week low as the firm USD kept Fed-hike pricing in place. Price sits below a falling EMA(20) at 51.02, which lines up with the 38.2% retracement of the Wednesday-Thursday drop; RSI(14) at 29.1 is oversold but has held around 27-29 at each lower low as ATR expands to 421 pips, while demand has so far stepped in near the 50.00 psych level with the London low at 50.735 the first overhead reference.
Support: 50.00, 49.695
Resistance: 50.735, 51.02, 51.116
What it said to watch
H1 close back above the 51.12 Tuesday low invalidates the range break read
H1 close above the lower-highs trendline near 50.80 would mark the first break in the sequence
Failure to hold the 49.695 week low and 50.00 psych confirms another lower low
Fed's Daly and Schmid (18:10/18:30 GMT) and Williams (23:30 GMT) could shift this read
US PPI Fri 13:30 GMT is the next major test for this structure
Lower highs since Wednesday; Thursday range break below the 51.12 floor.
Tuesday's hot CPI beat drove silver from the 53.70 week high down to a 51.116 floor. Wednesday's Asia-session rebound stalled at 53.173 and set the first of a series of lower highs. Thursday's London open took out the 51.12 floor, and NY hours extended the drop through the round number to a 49.695 week low as the USD firmed on Fed-hike pricing. Price sits below a falling EMA(20) at 51.115 and EMA(50) at 51.665. RSI(14) is oversold at 27.4 but has held a 27–29 floor on each push lower, and ATR(14) has expanded to 423 pips from about 300.
Support: 50.00, 49.695
Resistance: 50.735, 51.115, 51.665
What it said to watch
H1 close back above the 51.115 ema20 and the former 51.12–51.15 floor would negate the range break
Reclaim of the 50.735 london low would show the NY breakdown being absorbed
Failure to hold the 50.00 round number and 49.695 week low opens the 48.96 support cited in the digest
Fed's Goolsbee in ~30 min, then Daly, Schmid and Williams today, could shift hike pricing and this read
US PPI Fri 13:30 GMT is the next scheduled catalyst; a soft print risks a squeeze toward the ema50
A break of the lower highs trendline from Wednesday's 53.173 high would end the lower-high sequence
15:03 UTC
Downtrend, extending to new week lows · RSI 28 · price 49.936
Lower highs and lower lows after a break of the week's range.
Silver has broken the week's 51.12–53.70 range. It slipped under Tuesday's 51.116 cpi low in Asia, extended through the London session and pressed to a 49.934 day low into NY, as the hot CPI and hawkish Fedspeak keep the USD firm. A lower highs trendline through 53.173, 51.933 and 51.295 defines the descent, with price now below psych 50 and under both EMAs (EMA20 51.228, EMA50 51.731). RSI(14) at 27.6 is oversold and ATR has expanded to 425 pips, though RSI lows have held around 27–28 on each push lower.
Support: 49.934, 49.00
Resistance: 50.735, 51.116
What it said to watch
Hourly close back above psych 50 and the 50.735 london low would interrupt the lower-low sequence
Reclaim of the 51.116 cpi low and EMA(20) at 51.228 would negate the range break
Break of the lower highs trendline would mark the first change in this week's descending structure
Failure to hold the 49.934 day low exposes round 49 (49.00/48.96)
Fed speakers today (Goolsbee, Daly, Williams) and US PPI Fri 13:30 GMT could materially shift this read
Lower highs from Wednesday's 53.173 peak; 51.00-51.15 floor broken.
Wednesday's Asia-led rebound stalled at 53.173 and every bounce since has printed a lower high along the trendline. Silver gave way through the 51.00-51.15 range floor set after Tuesday's hot CPI, and the first hour of NY around jobless claims ran price to a 50.103 week low on a firm USD. Price sits below a falling ema20 (51.349) and the weekly open (51.452), with RSI(14) oversold at 28.6 but its lows flat near 27-29 while price keeps printing lower lows, and ATR expanding to 414.5 pips.
Support: 50.103, 50.00
Resistance: 51.116, 51.349, 51.452
What it said to watch
H1 close back above the 51.116 range floor would turn the break into a false break
Failure to hold the 50.103 week low and the 50.00 round number extends the lower-low sequence
Reclaim of ema20 and the lower-high trendline near 51.3 would break the sequence of lower highs
Fed speakers today (Barr in ~1h, Daly, Williams) and Friday's 13:30 GMT US PPI could materially shift this read
13:03 UTC
Downtrend, range floor broken · RSI 37 · price 50.978
Lower highs from Tuesday's 53.701 peak; 51.15-51.00 range floor broken at London open, price holding just below it.
Silver has set lower highs from Tuesday's 53.701 week high through Wednesday's 53.173 rebound top. The hot October CPI and Fed hike repricing drove the slide, and the London open today broke the 51.15-51.00 range floor to a 50.721 week low. Price now sits below a falling EMA(20) at 51.471 and EMA(50) at 51.864, with ATR(14) expanded to about 365 pips. RSI(14) at 37 printed 28.5 on the break against 27.2 on the Asia-session drop, a marginal bullish divergence that has so far produced only a stall under the range floor.
Support: 50.721, 50.00
Resistance: 51.15, 51.471, 51.864
What it said to watch
An H1 close back above the 51.15 range floor would turn the break into a false break and put the EMA(20) at 51.471 back in play
Failure to hold the 50.721 week low exposes the 50.00 round number
A move back through the EMA(50) at 51.864, near the 38.2% retracement of the week's decline, would break the lower-highs sequence
US Initial Jobless Claims at 13:30 GMT (f/c 195K) and Fed speakers including Hammack, Daly and Williams could materially shift this read
Lower highs from 53.70; range floor near 51.12 broken.
Silver has printed lower highs since Tuesday's 53.70 week high. The hot CPI print drove Tuesday's slide to the 51.12 cpi low, and Wednesday's fade from 53.17 erased the Asia-session rebound. Today's London open broke that low to a fresh week low at 50.735, leaving price below a falling EMA(20) at 51.527 and EMA(50) at 51.902, with ATR(14) expanding to 371.6 pips. RSI(14) at 36 made a marginally higher low (28.5 vs 27.2) against the lower price low, a faint bullish divergence.
Support: 50.735, 50.00
Resistance: 51.116, 51.452, 51.527
What it said to watch
Initial Jobless Claims at 13:30 UTC and Hammack/Barr/Daly/Williams Fedspeak could materially shift this read
H1 close back above the 51.12 cpi low would turn the London break into a false break
H1 close above the week open at 51.45 and ema20 at 51.53 breaks the lower-high sequence
Failure to hold the 50.735 week low extends the lower-low sequence toward the 50.00 round number
Lower highs from 53.701; false break below Tue low.
Silver has printed lower highs since Tuesday's 53.701 week high. The hot US CPI print drove a NY-session slide to 51.116, and Wednesday's Asia-led rebound stalled at 53.173 before fading as the USD firmed. London open today briefly undercut the Tue low to a 50.735 week low before price reclaimed it, with RSI(14) making a shallow higher low on that push (28.5 vs 27.2) and now at 41.6, while price holds below a falling EMA(20) at 51.594 and EMA(50) at 51.943, the weekly open at 51.452 just overhead.
Support: 51.116, 50.735
Resistance: 51.452, 51.594, 51.943
What it said to watch
US Initial Jobless Claims at 13:30 GMT (f/c 195K) plus Hammack, Daly and Williams Fedspeak could materially shift this read
H1 close back below the 51.116 tue low turns the false break into lower-low continuation, with the 50.735 week low next
Reclaim of the weekly open and ema20 (51.45-51.59) and the 38.2% of the Wed-Thu drop near 51.67 needed before the lower highs trendline is challenged
ema50 at 51.943 aligns with the 51.933 lower high from early Thursday
Fri US PPI (core YoY f/c 5%) is the week's key USD catalyst
10:03 UTC
Downtrend since Tuesday high, below both EMAs · RSI 38 · price 51.173
Lower highs from 53.70; London-open probe below the 51.12 floor reversed.
Silver has printed lower highs since Tuesday's 53.70 week high. The hot US CPI beat and a firm USD drove Tuesday's slide to the 51.12 Tuesday low, and Wednesday's rebound stalled at the 53.17 Wednesday high. At today's London open price pushed through the Tuesday low to a 50.72 week low, then recovered quickly to 51.17, with RSI(14) lifting from 28.5 to 37.8 and ATR expanding to 381 pips. Price sits below both EMAs after EMA(20) crossed under EMA(50) late Wednesday, and EMA(20) at 51.63 lines up with the 38.2% retrace of the drop from the Wednesday high.
Support: 51.116, 50.721
Resistance: 51.626, 51.969, 53.173
What it said to watch
H1 close back below the 51.12 Tuesday low would turn the London probe into a lower-low and reopen the 50.72 week low
Reclaim of ema20 at 51.63 (38.2% fib) and then ema50 at 51.97 would ease the lower-highs read
Lower-highs trendline from 53.70 through the 53.17 Wednesday high caps the rebound structure
US Initial Jobless Claims at 13:30 GMT (f/c 195K), the Fed speaker cluster after it, and Friday's PPI could materially shift this read
Lower highs from 53.17; broke the 51.12 cpi low to a new week low.
Silver has unwound Wednesday's London-led rebound to 53.17. It broke below the 51.12 cpi low at today's London open, printing a fresh week low at 50.72 as the hot US CPI and a firmer USD keep pressure on the metal. Price sits below a falling EMA(20) at 51.68, which slipped under EMA(50) at 52.00 late Wednesday, and lower highs from 53.17 have capped each bounce, while ATR has expanded to 370.6 pips. RSI(14) at 28.5 is oversold but holding above its 27.2 reading from the Asia open despite the lower price low, so momentum has not yet confirmed the drop from 53.17.
Support: 50.72, 50.00
Resistance: 51.12, 51.68, 52.00
What it said to watch
H1 close back above the 51.12 cpi low would mark the break as a false break
Failure to hold the 50.72 week low exposes the 50.00 round number
A reclaim of ema20 at 51.68 together with a break of the lower highs line interrupts the downtrend sequence; ema50 at 52.00 sits above
US Initial Jobless Claims at 13:30 UTC (f/c 195K) and the Fed speaker slate from 14:00 UTC could materially shift this read
Lower highs at 53.70 and 53.17 against a flat 51.08–51.12 floor; price below both falling EMAs.
Silver has printed lower highs at 53.70 early Tuesday and 53.17 on Wednesday since the week opened at 51.45. Tuesday's hot US CPI drove the NY-session slide to 51.12, and Wednesday's Asia rebound has since been fully unwound. Price sits below EMA(20) at 51.78 and EMA(50) at 52.06, both sloping lower after a bearish cross. Today's Asia-session dip to a new week low at 51.08 closed back near the week open, with RSI(14) at 39, holding above the 27.2 reading from the start of Thursday's session.
Support: 51.452, 51.079
Resistance: 51.776, 51.933
What it said to watch
H1 close below the 51.08 week low confirms a fresh lower low beyond Tuesday's CPI trough
H1 close above ema20 (51.78) and the 51.93 asia high would end the current leg lower; the lower highs line stays intact below 53.17
38.2% of the fade from Wednesday's high sits near 51.88, close to the asia high. The two together mark the first area to watch for rejection or break
US Initial Jobless Claims at 13:30 GMT (f/c 195K) and the Fed speaker slate from 14:00 GMT could materially shift this read
Fri 13:30 GMT US Core PPI YoY (f/c 5%) is the week's next high-impact test of the weekly floor
06:04 UTC
Downside pressure inside the weekly range · RSI 38 · price 51.505
Lower high at 53.17 below the 53.70 week high, now retesting the 51.12-51.19 week low.
Silver has handed back all of Wednesday's rebound from the post-CPI flush. The hot US CPI drove Tuesday's NY-session drop to the 51.12 week low, and the rebound stalled at a lower high near 53.17, below Monday's 53.70 peak. Price sits around the week open at 51.45, below both the ema20 (51.85, sloping lower) and the ema50 (52.11). RSI has recovered to 38 from 27 after Thursday's Asia session dip to 51.15 failed to print a new low.
Support: 51.452, 51.116
Resistance: 51.852, 52.107, 53.173
What it said to watch
H1 close below the 51.12 week low confirms a lower low and breaks the weekly range floor
Recovery above the ema20 at 51.85 and the ema50 at 52.11 would ease the downside pressure read
Failure to hold the week open at 51.45 keeps the week low retest in play
US Initial Jobless Claims at 13:30 UTC and the Fed speaker slate (Hammack, Barr, Daly, Williams) could materially shift this read
A move back toward the 53.17 lower high would revive the 51-53.7 range read
Lower highs from 53.70 and 53.17 against flat lows at 51.12-51.15.
Silver peaked at 53.70 in Tuesday's Asia session. The hot US CPI beat then drove it to 51.12 during NY hours. Wednesday's rebound stalled at a lower high near 53.17 in London and unwound through NY. Thursday's Asian dip held a double low at 51.15, just under the weekly open at 51.45. The bounce from there stalled at 51.93, close to the 38.2% retracement of the Wednesday-Thursday drop. Price sits below both EMA(20) at 52.03 and EMA(50) at 52.21, EMA(20) has crossed under EMA(50), and RSI(14) has recovered to 39.7 after touching 27.2.
Support: 51.45, 51.15
Resistance: 52.029, 52.213, 53.17
What it said to watch
H1 close back above ema20 at 52.03 and ema50 at 52.21 would neutralise the lower-high sequence
Failure to hold the 51.15 double low extends the downtrend out of the weekly range
A close above the 53.17 lower high breaks the lower-highs trendline
Thu 13:30 GMT US Initial Jobless Claims (f/c 195K) and the Fed-speaker slate could materially shift this read
Fri 13:30 GMT US Core PPI is the larger catalyst for a break of the 51.12-53.70 range
01:03 UTC
Down from Tuesday's peak, lower highs · RSI 43 · price 51.75
Silver peaked at 53.70 early Tuesday, broke lower on the hot US CPI print during NY hours to the 51.12 Tue low, then rebounded on Wednesday into a 53.17 lower high at London open before fading through the NY session. Thursday's Asia session dipped to a 51.19 Asia low just above Tuesday's floor and bounced back over the weekly open at 51.45. RSI(14) recovered to 42.5 from a 27 print, and price sits below both a declining ema20 (52.07) and ema50 (52.24); ema20 also lines up with the 38.2% retracement of the week drop fib.
Support: 51.452, 51.186, 51.116
Resistance: 52.073, 52.238, 53.173
What it said to watch
H1 close below the 51.12 tue low confirms a lower low beneath the week's range floor
Failure to hold the weekly open at 51.45 puts the 51.19 asia low and Tuesday's low back in play
Reclaim of ema20 at 52.07 and ema50 at 52.24 would neutralise the short-term downtrend read
Lower highs trendline from 53.70 through the 53.17 lower high caps the structure until broken
US Initial Jobless Claims Thu 13:30 UTC and the Fed-speaker slate through Williams at 23:30 UTC could shift the read; Friday's core PPI is the bigger catalyst
Lower highs from 53.701; retesting Tuesday's post-CPI low.
Wednesday's rebound from the hot-CPI selloff peaked at 53.173 (wed high) in early London. That gain was fully unwound through NY hours, despite the digest's resilience read, and the new day's Asia open pushed below the weekly open at 51.452 to retest Tuesday's low near 51.12. Price sits below EMA(20) at 52.104 and EMA(50) at 52.256 after a fresh bearish ema cross, with RSI(14) oversold at 27.2 and ATR re-expanding to 297 pips. The lower-highs trendline from 53.701 to 53.173 caps the week.
Support: 51.116, 51.00
Resistance: 51.452, 52.104, 53.173
What it said to watch
H1 close below the 51.116 tuesday low confirms a lower-low, with the 51.00 round number next
Recovery back above the weekly open at 51.452 and the ema20 at 52.104 would neutralise the retest read
A break of the lower-highs trendline from 53.701 would require clearing the 53.173 wed high
US Initial Jobless Claims Thu 13:30 GMT and Fed speakers through Williams at 23:30 GMT could materially shift this read
US Core PPI Fri 13:30 GMT is the higher-impact catalyst for the week's range