Lower highs and lower lows since 67.53; bounce capped below 57.96.
Silver has printed lower highs and lower lows since the 67.53 peak. The 59.7–62.0 range that held for about two weeks broke on the hot US CPI print, and the drop ran to a 55.39 swing low. The rebound from there, helped by softer USD and lower yields, met a rejection after four tests of the 57.96 rebound high, just shy of the 50% retracement of the 60.72–55.39 leg. The last bar closed on its low, back below EMA20. ATR(14) near 790 pips remains expanded after the breakdown, with no compression yet.
Support: 57.062, 56.292
Resistance: 57.962, 58.396, 59.36
What it said to watch
H4 close above the 57.96 rebound high would open the 58.40 prior low and the lower-highs trendline near 58.6
A break below the 57.06 range floor exposes the 56.29 higher low, then the 55.39 swing low
Swing highs near 59.36 mark the upper edge of the breakdown zone; reclaiming them would challenge the lower-high sequence
A bounce in Treasury yields or USD could unwind the rebound; S&P Global PMIs Oct 23 are the key scheduled risk
Lower highs and lower lows since 67.53; rebound off 55.39 stalling near ema20.
Three weeks of lower highs from 67.53 ended the 58.40–62.00 consolidation with a CPI-driven range break to the 55.39 swing low. The rebound since then has printed a higher low at 56.29 and a pullback low at 57.06 on softer USD and lower yields. It is now pressing the bounce high at 57.95, between the 38.2% and 50% fib of the 60.72–55.39 leg, with price sitting on EMA20 and EMA20 still below EMA50. ATR(14) has eased back from the breakdown-bar expansion, which fits a corrective bounce rather than a fresh impulse.
Support: 57.06, 56.29, 55.39
Resistance: 57.95, 58.40, 59.36
What it said to watch
H4 close above the 57.95 bounce high and the 58.40 breakdown level (near the 50%–61.8% fib) would challenge the lower-high sequence, with the 59.36 lower high next
Loss of the 57.06 pullback low, then the 56.29 higher low, would point to a retest of the 55.39 swing low
US Industrial Production at 13:15 UTC today (f/c 0.4%) could shift yields and the USD and materially move this read
A bearish EMA20/EMA50 alignment that persists alongside a stall under 58.40 keeps the downtrend structure intact
Lower highs and lower lows; 60–62 range broke lower, now retracing.
Lower highs have held since the late-September 67.53 peak, and the two-week 60–62 range gave way after Wednesday's hot CPI. Price sliced through the 58.40 breakdown shelf to a 55.39 swing low, with ATR(14) expanding to roughly 790 pips. The bounce since, driven by lower yields and a softer USD despite hot PPI and retail sales, has reached the 38.2% fib retracement near 57.70. Price is now pinned at EMA20, with EMA50 still well overhead near 59.5.
Support: 57.48, 56.29, 55.39
Resistance: 57.93, 58.40, 60.00
What it said to watch
H4 close above the 58.40 breakdown level (50% fib) would put the 60.00 range floor back in play
Stalling below the 57.93 bounce high keeps the move a lower-high retracement within the downtrend
Loss of the 57.48 minor low and the bounce trendline exposes the 56.29 higher low, then the 55.39 swing low
US Industrial Production at 13:15 UTC (f/c 0.4%) and any yield or USD rebound could materially shift this read
Lower highs from 67.53; CPI range break to 55.39, rebound now at 38.2% fib.
Silver has printed lower highs all window, from 67.53 down through the 62.0 double cap, and the hot US CPI print broke the multi-week 58.4–62.0 range, a roughly 6% drop to the 55.39 cpi low. Falling yields and a softer USD have since driven a third-day rebound with a higher low at 56.29 and a bounce low at 57.06. Price is back above EMA20 at about 57.80 and through the 38.2% retracement at 57.70, but still well below EMA50 near 59.3, with ATR expanded at around 800 pips since the breakdown.
Support: 57.06, 56.29, 55.39
Resistance: 58.40, 59.12, 60.72
What it said to watch
H4 close above the 58.40 broken low (former range floor, 50% fib) would turn the bounce into a retest-and-reclaim of the range
61.8% fib at 59.12 and the 60.72 lower high mark the upper bound of a corrective-only read
Loss of the 57.06 bounce low, then the 56.29 higher low, re-exposes the 55.39 cpi low
Lower-highs trendline from 62.02 caps the broader structure; it would need a break before the downtrend read changes
Yield reaction to Warsh's remarks and US Industrial Production at 13:15 UTC could materially shift this read
Lower highs and lower lows since 67.53; post-CPI higher low at 56.29.
Silver has printed lower highs from 67.53 through 65.08, 62.07 and 61.44. The hot US CPI broke the 58.49 prior low and the 58.5–62.0 range floor, extending to a 55.39 window low. The rebound since rides lower yields and a softer USD and has formed a higher low at 56.29, but it stalled at the 57.52 bounce high. That sits just under the fib 38.2 at 57.70, with EMA20 (~57.6) as overhead confluence. ATR(14) near 790 pips has eased from the CPI expansion, and both EMAs sit above price.
Support: 56.29, 55.39
Resistance: 57.52, 57.70, 58.49
What it said to watch
Fed Chair Warsh at 03:30 UTC could materially shift this read; an earlier-hike signal would re-bid the USD
H4 close above the fib 38.2 at 57.70 and EMA20 would open the 58.49 prior low, the broken range floor
Failure to hold the 56.29 higher low exposes the 55.39 window low; a break there extends the lower-low sequence
Lower-highs trendline near 60.5 caps any deeper retracement toward the fib 61.8 at 59.12