Silver opened the week at 60.83 and printed the 61.44 week high on Monday. It then set lower highs into Wednesday's NY session, when the hot US CPI print drove a capitulation leg to the 55.39 week low. Thursday's rebound came on falling yields and a softer USD despite hot PPI; it built higher lows above the EMA(20), reclaimed the old august low at 56.57, and is now retesting the 57.37–57.52 zone, where the Thu high sits on the 50% retrace of Wednesday's drop, with price just under EMA(50) and RSI(14) near 63.
Support: 56.90, 56.57
Resistance: 57.517, 57.84, 58.45
What it said to watch
H1 close above the 57.52 thu high exposes the 61.8% fib at 57.84 and the 58.45 pre-cpi base
Break of the higher-lows trendline and the ema20 near 56.90 returns focus to the august low at 56.57
Loss of the 55.39 week low would extend the CPI-driven downtrend to fresh lows since July
Fed Chair Warsh speaks Fri 03:30 UTC; a hawkish lean on CPI/PPI could reverse the yield-led rebound
Lower highs since Monday; post-CPI bounce testing 61.8% retracement.
Silver has printed lower highs since Monday's 61.44 week high. Wednesday's hot US CPI print at the NY open drove the dominant leg, from 58.78 to a 55.39 week low. Thursday's rebound came on falling Treasury yields and a softer USD that outweighed the hot PPI. It has reclaimed the 56.57 august low and EMA(20), with a run of higher lows through the day. Into the late NY session, RSI(14) is near 70 and price is pressing EMA(50) at the 61.8% fib of the CPI leg, near 57.52.
Support: 56.87, 56.57, 55.39
Resistance: 57.52, 58.45
What it said to watch
H1 close above 57.52 (61.8% fib) opens the path to the 58.45 pre-cpi base where Wednesday's pre-print consolidation sat
Break of the rebound higher lows and the 56.87 ema20 shifts focus back to the 56.57 august low
Failure to hold the 56.57 august low exposes the 55.39 week low and reasserts the downtrend
Hammack (20:30 UTC) and Fed Chair Warsh (Fri 03:30 UTC) could materially shift this read if yields rebound on hike risk
Higher lows since Wednesday's 55.39 low, under the 38.2% fib.
Silver opened the week near 60.83 and peaked at 61.44 early Monday. It then stepped lower in each session until Wednesday's hot US CPI print hit during NY hours and drove a slide to a 55.39 week low. Thursday's rebound, attributed to falling yields and a softer USD, held the 56.57 aug low on the post-PPI dip and printed a fresh higher low at 56.83 along a rising trendline. That move put price back above EMA(20) and, narrowly, EMA(50), with RSI(14) near 66 as price tests the 57.52 session high just under the 38.2% fib of the week's decline at 57.70.
Support: 56.83, 56.57, 55.39
Resistance: 57.52, 57.70, 58.41
What it said to watch
H1 close above the 57.70 38.2% fib opens the 58.41 50% fib, which also sits at the pre-CPI shelf
H1 close back below the 56.83 higher low breaks the rising trendline and puts the 56.57 aug low back in play
Loss of 56.57 would expose the 55.39 week low and revive the downtrend read
Fed Chair Warsh speaks Fri 03:30 UTC; a hawkish tilt that lifts yields and the USD could materially shift this read
Lower highs from Monday's 61.44 peak; Thursday rising lows off the 55.39 low.
Silver has retraced over half of Wednesday's CPI leg, the 59.36 wed high to 55.39 slide. Thursday's Asia, London and NY sessions printed a series of rising lows as falling Treasury yields and a softer USD outweighed hot PPI and retail sales. Price has reclaimed the aug low at 56.57 and cleared the thu ny high at 57.21 late in NY, and is now pressing the EMA(50) near 57.41 with RSI(14) at 63, short of overbought, while the week's lower-high structure from 61.44 stays intact below the fib 61.8 at 57.84.
Support: 57.41, 57.21, 56.57
Resistance: 57.84, 58.45, 59.36
What it said to watch
Hammack (20:30 UTC) and Warsh (Fri 03:30 UTC) could materially shift this read via yields and the USD
H1 close above the fib 61.8 at 57.84 opens the path to the pre-cpi base near 58.45
Failure to hold the ema50 at 57.41 and the thu ny high at 57.21 keeps the bounce corrective inside the downtrend
Break of the rising lows line and the aug low at 56.57 returns focus to the 55.39 week low
Lower highs Mon–Wed; V-rebound off week low with higher lows.
The week opened near 60.83 and peaked at 61.435 in Monday's Asia session. A run of week lower highs followed into Wednesday, when the hot CPI print drove the dominant leg from 58.78 to the 55.385 week low. Thursday's yield-led rebound reclaimed the 56.57 aug low and EMA(20), building higher lows at 55.47, 55.70 and the 56.29 thu low. Price is now stalling at the 50% retracement of the CPI leg near 57.09, just under EMA(50) around 57.3, with RSI(14) near 69 and supply capping the 57.21 today high.
Support: 56.57, 56.292, 55.385
Resistance: 57.212, 58.363
What it said to watch
H1 close above the 57.21 today high and the 61.8% fib at 57.49 opens the path toward the 58.36 pre-cpi low
Week lower highs trendline, running near 57.8, is the next structural cap on the bounce
Loss of the 56.57 aug low, then the 56.29 thu low, breaks the higher-low sequence and exposes the 55.385 week low
Hammack at 20:30 UTC and Warsh Fri 03:30 UTC could materially shift this read via yields and the USD
Lower highs Mon-Wed; higher lows since Wednesday's low.
The week opened at 60.83, and Monday's 61.44 high marked the top. Lower highs on Tuesday and Wednesday preceded the NY-session CPI rout to a 55.39 week low. Thursday's rebound built higher lows through Asia and London, and NY absorbed the hot PPI print, holding the 56.29 ppi low before reclaiming the 56.57 aug low and EMA(20) near 56.72 on a softer USD and falling yields. Price now sits below EMA(50) at 57.43, capped at the 57.21 day high and inside the 23.6–38.2% zone of the weekly decline, with RSI(14) back to 63 from oversold.
Support: 56.57, 56.29, 55.39
Resistance: 57.21, 57.43, 58.40
What it said to watch
Hourly close back below the 56.57 aug low would put the 56.29 ppi low and the rebound higher-lows line under pressure
Acceptance above the 57.21 day high and ema50 at 57.43 opens the 38.2% retrace near 57.70, then the 58.40 pre-cpi low at the 50% level
The Tue-Wed lower-high line runs just above the day high; a break of that line would mark the first structural shift in the weekly downtrend
Failure to hold the 55.39 week low confirms a fresh lower-low
Hammack at 20:30 UTC and Warsh on Fri at 03:30 UTC could materially shift this read through yields and the USD
Lower highs Mon–Wed into CPI flush; higher lows since Wednesday's week low.
Lower highs from Monday's 61.44 peak gave way to Wednesday's NY-session CPI flush through the 58.40 breakdown area to a 55.39 week low. Thursday's rebound came on softer yields and USD and has printed higher lows at 55.70 and the 56.29 ppi low along the rising lows line. Price holds above the H1 ema20 at 56.67 with RSI(14) back near 53, but stalled at the 57.21 day high, just under the ema50 at 57.40 and the 50% of the CPI drop fib.
Support: 56.67, 56.29, 55.39
Resistance: 57.21, 57.40, 58.40
What it said to watch
H1 close above the 57.40 ema50 and 50% CPI drop fib opens the path to the 58.40 breakdown level
Break of the rising lows line and the 56.29 ppi low would put the 55.39 week low back in focus
Hammack (20:30 UTC) and Fed Chair Warsh (Fri 03:30 UTC) could materially shift this read
Lower highs Mon–Wed; higher lows since Wednesday's 55.39 week low.
Silver opened the week at 60.83 and was capped at 61.44 in Monday's Asia session. Each day then printed a lower high until Wednesday's CPI beat drove a 3.4-dollar NY-session flush from the 58.45 cpi shelf to a 55.39 week low. Since then the hourly chart has built a sequence of rising lows. Today's hot PPI produced only a brief dip to 56.29 before the move extended as USD and yields faded. Price is now holding above EMA(20) and stalling at the 57.21 Thursday high, just under EMA(50) at 57.42 and the 38.2% fib of the week's decline near 57.70, with RSI(14) near 55.
Support: 56.67, 56.29, 55.39
Resistance: 57.21, 57.42, 58.45
What it said to watch
Hourly closes above the 57.21 thu high and EMA(50) at 57.42 would carry the bounce into the 38.2% fib near 57.70, with the 58.45 cpi shelf next overhead
A break of the rising lows line and the 56.29 ppi dip low would signal the flag resolving lower toward the 55.39 week low
Loss of EMA(20) near 56.67 would be the first sign the bounce is fading
Fed's Hammack at 20:30 UTC and Warsh on Fri 03:30 UTC could materially shift this read
Lower highs from 61.43 week high; Thursday higher lows off 55.39.
Silver has printed lower highs since Monday's 61.43 week high. Wednesday's CPI-driven flush in the first hours of NY broke the 58.40 cpi base and ran to a 55.39 week low. Thursday's rebound has built higher lows above EMA(20) near 56.45, and price cleared the 56.86 prior high after the hot PPI as the USD slipped on falling yields. It now sits just under 57.37, where the CPI-bar low, the 50% fib of the 59.36–55.39 leg and EMA(50) converge, with RSI(14) near 59 recovered from oversold.
Support: 56.86, 56.29, 55.39
Resistance: 57.19, 57.37, 58.40
What it said to watch
Rejection at the 57.19 session high or the 57.37 50% fib/EMA(50) zone keeps the move a retracement within the downtrend
An H1 close above 57.37 opens the 58.40 cpi base, where Wednesday's pre-CPI lows sit
Loss of the 56.86 prior high and the Thursday higher-low trendline brings the 56.29 ppi low back into focus
Failure to hold the 55.39 week low confirms a fresh lower-low, the lowest since July
Fed's Hammack (20:30 UTC) and Warsh (Fri 03:30 UTC) could materially shift this read
Lower highs all week; corrective higher lows since Wednesday's low.
Silver opened the week at 60.83 and was capped at 61.44 early Monday. It then printed lower highs into Wednesday, when the hot US CPI drove a 3.4-dollar collapse during NY hours to the 55.39 week low. Thursday's rebound off a 55.70 higher low lifted price back above EMA(20) through London and RSI(14) recovered to the low 50s, but the hot PPI spike to the 57.02 ppi high was rejected just below the 50% fib of the CPI leg and EMA(50), leaving the 56.29 ppi low as the nearest pivot.
Support: 56.292, 55.703
Resistance: 57.023, 57.085, 58.784
What it said to watch
An H1 close above 57.09 (50% fib, EMA(50)) breaks the lower-highs sequence and opens the path to the 58.78 cpi high
A move below the 56.29 ppi low and the rebound line puts the 55.70 higher low and the 55.39 week low back in focus
Hammack today 20:30 UTC and Warsh Fri 03:30 UTC could materially shift this read via October hike pricing after the hot PPI
Lower highs from Monday's 61.435 top; short higher-low sequence off the 55.385 week low.
Silver opened the week at 60.83, topped at 61.435 on Monday and printed lower highs through Tuesday before Wednesday's hot US CPI drove a collapse from 58.78 to the 55.385 week low. Thursday's Asia-session bounce, helped by an easing USD, carried into London but stalled twice at the 56.86 session high, right at the 23.6% retracement of the week decline fib. The hot PPI at 12:30 UTC pushed a wick to the 56.29 ppi low, which recovered back above EMA(20) on the rebound line. Price still sits below EMA(50) and the lower-high trendline near 57.40, which lines up with the 57.45 cpi break zone.
Support: 56.292, 55.385
Resistance: 56.86, 57.45, 57.70
What it said to watch
H1 close above the 56.86 session high and the 23.6% fib would expose the 57.45 cpi break zone and the 38.2% fib at 57.70
Break of the rebound line and the 56.29 ppi low, with price back below EMA(20), would put the 55.385 week low back in focus
Rejection at the lower-high trendline near 57.40 would keep the weekly sequence of lower highs intact
Fed's Hammack (20:30 UTC) and Warsh (Fri 03:30 UTC) could materially shift this read after the hot PPI
Lower highs from Monday's high; CPI range break, rebound capped at 23.6% fib.
Silver has printed lower highs since Monday's Asia-session high at 61.44. Wednesday's hotter US CPI broke the Monday–Tuesday 59–61 range and the 58.50 breakdown area, flushing price to a 55.39 cpi low. Thursday's rebound on a softer USD and lower yields lifted price back to EMA(20) near 56.51 and the August low at 56.57, but the London-morning push stalled at the 56.86 thu high, right at the 23.6% retracement of the week decline. RSI(14) near 40 shows momentum has not been repaired, and EMA(50) at 57.45 still sits overhead.
Support: 56.51, 56.00
Resistance: 56.86, 57.45, 58.50
What it said to watch
US PPI and Retail Sales at 12:30 GMT could materially shift this read
H1 close above the 56.86 thu high and 23.6% fib opens the path to ema50 at 57.45
Loss of ema20 and the rebound line would put the 56.00 round number and the 55.39 cpi low back in focus
58.50 breakdown zone, where Wednesday's selling started, is the first major resistance above ema50
Lower highs all week; higher lows off the 55.39 week low.
Silver opened the week at 60.83 and topped at 61.44 on Monday, then set lower highs before Wednesday's hot CPI print flushed it in the NY session from the 58.40 breakdown area to a 55.39 week low. Thursday has carved a higher low at 55.70, and a London-open push out of the Asian range reclaimed EMA(20) and the 56.57 August low as the USD and yields eased. The bounce is stalling at the 56.86 session high, just under the 38.2% fib of the 59.36–55.39 CPI leg, with EMA(50) well overhead and RSI(14) only back to ~50.
Support: 56.57, 55.70, 55.39
Resistance: 56.86, 57.37, 58.40
What it said to watch
H1 close above the 56.86 session high and 38.2% fib opens the 50% fib at 57.37, where the CPI breakdown bar started
Failure to hold the 56.57 August low puts the 55.70 higher low and 55.39 week low back in focus
US PPI and Retail Sales at 12:30 GMT could materially shift this read; a hot core PPI would test the bounce
Lower highs from Monday's 61.44 week high; post-CPI higher lows since Asia.
Silver traded a 60–61.4 range from the 60.83 weekly open until Wednesday's hot US CPI beat broke the floor and drove a 4-dollar NY-session slide to the 55.385 week low. Price has since built higher lows through Asia, and the London session extended the rebound as USD and yields eased. It has reclaimed EMA(20) near 56.53 and sits just under the 38.2% fib of the CPI leg at 56.90, with RSI(14) back to ~55 from oversold readings.
Support: 56.53, 55.87, 55.385
Resistance: 56.90, 57.37, 58.40
What it said to watch
US PPI and Retail Sales at 12:30 GMT can materially shift this read in either direction
H1 close above the 50% fib at 57.37 (CPI-bar low) turns the rebound into a broader retracement toward the 58.40 pre-cpi base
Rejection at the 38.2% fib at 56.90 keeps the CPI leg's lower-high structure intact
Loss of EMA(20) at 56.53 and the rebound higher lows line exposes the 55.87 pullback low and the 55.385 week low
Lower highs from 61.44 week high; flag-style rebound off 55.39 week low.
Silver has printed lower highs since Monday's 61.44 week high and broke down hard in Wednesday's first hour of NY on the hot CPI print, cascading to a 55.39 week low before the close. Thursday's Asia and London sessions carved a higher low at 55.70 and a session high at 56.72, near 38.2% of the CPI leg, as USD and yields eased. Price is now sitting on EMA(20) around the August-low area near 56.57, with RSI(14) back near 48 and EMA(50) well overhead.
Support: 56.46, 55.70, 55.39
Resistance: 56.72, 57.40, 58.40
What it said to watch
US PPI and Retail Sales at 12:30 GMT (~3.5h) could materially shift this read
H1 close above the 56.72 session high opens the path to the 57.40 cpi bar low
Rejection below 57.40–58.40 (pre-cpi low) keeps the lower-highs sequence intact
Failure to hold the 55.70 higher low exposes the 55.39 week low
Sustained trade back below ema20 at 56.46 would stall the flag-style bounce
Lower highs since Monday's 61.435 week high; first higher low at 55.703 after CPI flush.
Monday's Asia session printed the week high at 61.435. Silver then carved lower highs at 60.721 Tuesday and 59.359 Wednesday before the hot US CPI print in the NY session drove a near-four-dollar slide to the 55.385 CPI low. Thursday's Asian session bounce, helped by softer yields and a weaker dollar, set a higher low at 55.703 and lifted price to 56.518. That is the first hourly close above EMA(20), now near 56.44, since the CPI break, with RSI(14) recovering to the high 40s. Price is now pressing the underside of the former August low at 56.57, while EMA(50) sits well overhead near 57.6.
Support: 56.44, 55.703, 55.385
Resistance: 56.57, 56.903, 57.372
What it said to watch
US PPI, retail sales and claims at 12:30 UTC (~4.5h) could materially shift this read
Hourly acceptance above the 56.57 august low and the 38.2% fib at 56.90 would extend the retracement toward the 50% fib at 57.37, which aligns with the CPI bar low
Rejection at 56.57 and a slip back under the EMA(20) keep the bounce corrective within the lower-highs sequence
Failure to hold the 55.70 higher low reopens the 55.385 CPI low
Lower highs since Monday's 61.435 week high; Thursday's Asia session bouncing off the 55.385 CPI low.
Silver has printed lower highs since Monday's 61.435 week high, and Wednesday's hot US CPI broke it out of the 58.40–59.30 range during NY hours, collapsing it to the 55.385 cpi low. Thursday's Asia session bounced to the 56.36 asia high on softer yields and a weaker dollar, with intraday higher lows at 55.70. Price is still capped below EMA(20) near 56.40 and the august low at 56.57, RSI(14) has recovered only to 37, and the bounce has retraced barely 12% of the week's drop.
Support: 55.703, 55.385
Resistance: 56.356, 56.57, 58.396
What it said to watch
An H1 close above the 56.57 august low would be the first reclaim of broken structure since CPI
Loss of the 55.70 higher low reopens the 55.385 cpi low; a break below it extends the lower-low sequence
The US PPI / retail sales / claims cluster at 12:30 UTC (~5.5h) could materially shift this read
Any recovery meets the 38.2% fib near 57.70 before the 58.40 range floor and the lower highs trendline
06:04 UTC
Downtrend, post-CPI base forming · RSI 33 · price 55.943
Lower highs all week; tight base above post-CPI low.
Silver opened the week at 60.83 and has printed lower highs since Monday's 61.435 peak, at 60.72 on Tuesday and 59.36 on Wednesday. The hot US CPI print in Wednesday's NY session broke the 58.40 floor and drove a near-$3.40 leg to the 55.385 post-cpi low. Thursday's Asia session bounce stalled at the 56.356 asian high, near the 23.6% retracement and EMA(20), and price is back in the 55.70–56.30 base with RSI(14) near 33.
Support: 55.703, 55.385
Resistance: 56.356, 56.903
What it said to watch
An H1 close above the 56.356 asian high and EMA(20) would test the fib 38.2 at 56.90
A break of the 55.703 asian low exposes the 55.385 post-cpi low; a close below it extends the lower-low sequence
US PPI, retail sales and claims at 12:30 UTC (~6.5h) could materially shift this read
Lower highs since Monday; CPI range break now basing 55.39–56.36.
Silver printed lower highs from Monday's 61.44 week high. During NY hours Wednesday the hot US CPI print broke the 58.40–59.36 range and drove a flush to the 55.39 week low. The Asia session bounce on Thursday stalled at 56.36, below the cpi drop fib 38.2% (~56.68). It is now capped by EMA(20) near 56.46 and the 56.57 August low, with RSI(14) recovering to ~35 from oversold.
Support: 55.863
Resistance: 56.356, 56.57, 58.396
What it said to watch
H1 close above the 56.57 august low and the cpi drop fib 38.2% near 56.68 would be the first structural reclaim since CPI
Failure to hold the 55.86 asia low reopens the 55.39 week low
US PPI, retail sales and jobless claims at 12:30 UTC (~7.5h) could materially shift this read
The 58.40 pre-cpi low and the lower highs trendline define the ceiling for any extended recovery
Lower highs and lows since Monday; tight post-flush base 55.39–56.36 below EMA(20).
Silver has stepped lower from Monday's 61.44 week high. Tuesday's NY session broke 59.00, and Wednesday's hot US CPI then flushed price through the 58.40 prior range floor to the 55.39 week low in a single NY session. Today's Asia bounce stalled at the 56.36 Asia high, the 23.6% retracement of the CPI leg, still under EMA(20) near 56.53 and the 56.57 Aug low. RSI(14) has only recovered to the mid-30s.
Support: 55.39, 55.00
Resistance: 56.36, 56.57, 58.40
What it said to watch
H1 close above the 56.57 Aug low and EMA(20) would be the first reclaim since CPI, with the 38.2% fib at 56.90 next
Failure to hold the 55.39 week low extends the lower-low sequence toward the 55.00 round number
Prior range floor at 58.40 is the area where any extended rebound would meet former support
US PPI, Retail Sales and jobless claims at 12:30 UTC (~9h) could materially shift this read
03:04 UTC
Downtrend, early rebound from post-CPI low · RSI 34 · price 56.299
Lower highs since Monday's 61.435 week high; base 55.39-55.80 now lifting.
Silver has printed lower highs since Monday's 61.435 week high. The hot US core CPI drove a NY-session flush from 58.78 through the 56.57 August low to a 55.385 week low. Price based between 55.39 and 55.80 into the close, then lifted in the Asia session to a 56.356 Asia high, with the 55.92 pullback low holding. Price remains below EMA(20), near 56.65, and RSI(14) has recovered from the low 20s to the mid-30s. The bounce has retraced only about 15% of the week's drop.
Support: 55.92, 55.385, 55.00
Resistance: 56.356, 56.57, 56.81
What it said to watch
Hourly close back above the 56.57 August low and EMA(20) near 56.65 would mark the first reclaim of broken structure since CPI
Rebound stalling below the 23.6% fib at 56.81 keeps the lower-high sequence intact
Loss of the 55.92 pullback low re-exposes the 55.385 week low, with 55.00 round number below
US PPI, Retail Sales and jobless claims at 12:30 UTC (~9.5h) could materially shift this read
Lower highs all week, post-CPI flush now basing above 55.39.
Silver opened the week near 60.83 and set the week high at 61.435 early Monday. It then carved lower highs through Tuesday and Wednesday before the hot core CPI print at Wednesday's NY open drove it through the 56.57 August low to a 55.385 CPI low during NY hours. The Asia session bounce has stalled at 56.356, the 23.6% retracement of the 59.36–55.39 leg, with price still below EMA(20) near 56.61 and RSI(14) climbing out of oversold toward 27.
Support: 55.385, 55.00
Resistance: 56.356, 56.57, 58.396
What it said to watch
An H1 close back above the 56.57 aug low and EMA(20) near 56.61 would be the first reclaim since the CPI break
An H1 close beyond the 56.356 asia high opens the 38.2% retracement near 56.90
A break below the 55.385 cpi low extends the lower-low sequence toward the 55.00 round number
The lower-highs trendline from Tuesday's 60.72 high stays intact while price holds below the 58.40 pre-cpi low
US PPI, Retail Sales and jobless claims at 12:30 UTC Thursday (~10h) could materially shift this read
01:06 UTC
Downtrend, early rebound off post-CPI low · RSI 35 · price 56.256
Lower highs from Monday's 61.44 peak; CPI range break, then base at 55.39–55.80.
Silver has printed lower highs since Monday's Asia-session peak at 61.44, just after the 60.83 weekly open. The hot core CPI beat at Wednesday's NY open broke the 58.40–59.36 range. Price fell through the pre-cpi low and the 56.57 Aug low to a 55.39 week low by late NY hours. An eight-bar base formed between 55.39 and 55.80. Thursday's Asian-session lift to 56.28 has RSI(14) recovering from deep oversold to about 35, with price still below the ema20 near 56.75.
Support: 55.80
Resistance: 56.57, 56.75, 58.40
What it said to watch
H1 close back above the 56.57 Aug low and the ema20 near 56.75, where the 23.6% fib sits at 56.81, would mark a reclaim of the broken level
Failure back below the 55.80 base top returns focus to the 55.39 week low
Thu 12:30 UTC PPI and Retail Sales bundle could materially shift this read
A stall below the ema20 with RSI capped under 50 keeps the lower-high sequence intact toward the pre-cpi low at 58.40