Lower high at 57.95 under the 50% retrace; rebound trendline broken.
Wednesday's hot US CPI broke the 58.45 pre-CPI base at the NY open and drove silver to the 55.385 weekly low. Higher lows followed through Thursday as USD and yields retreated, but the rebound met rejection three times near the 57.96 friday high, just under the 50% retrace of the week's decline. Friday's NY session broke the rebound trendline and price is now testing the 56.88 friday low, below EMA(20) near 57.38, with RSI(14) slipping to the high-30s.
Support: 56.88, 56.47, 55.385
Resistance: 57.38, 57.96, 58.45
What it said to watch
An H1 close below the 56.88 friday low exposes the 56.47 thu ny base and then the 55.385 weekly low
A recovery above the ema20 at 57.38 and the 38.2% fib at 57.42 would restore the rebound structure; the 57.96 friday high is the cap
A break through 57.96 brings the 58.45 pre-cpi base into play as the next resistance
Weekend IMF meetings and Middle East/Hormuz headlines carry gap risk into Monday's open
Tuesday's US housing data and Friday's S&P PMIs feed USD and yields, the main driver of this week's bounces
Lower high capped under the 50% retrace, rebound trendline broken.
Wednesday's hot-CPI collapse in the NY session took silver from 58.4 to a 55.39 week low. The rebound since Thursday, driven by lower yields and a softer USD, stalled just under the 50% retracement after four tests of the 57.93–57.96 rebound high through Friday's London session. The NY session has since rolled over and broken both the rebound trendline and Friday's 57.07 floor, leaving price under the EMA20 and EMA50 with RSI(14) in the mid-30s and sitting on Thursday's 56.86 high.
Support: 56.86, 56.57
Resistance: 57.30, 57.42, 57.96
What it said to watch
H1 close back above the 38.2% fib at 57.42 and the ema20 near 57.30 would negate the triple-top read
Failure to hold Thursday's 56.86 high and the 56.57 august low opens the path back toward the 55.39 week low
Weekend IMF meetings (Oct 17–18) or a yield bounce could gap Monday's open and shift this read
Rebound from Wed low capped near 50% fib; recovery line broken.
Wednesday's hot CPI print triggered a NY-session break from 58.46 to a 55.39 week low, and the rebound since then has stalled just under the 50% retracement of the Tuesday–Wednesday drop. That rebound was helped by lower yields and a softer USD, and the friday high at 57.96 capped four attempts. Friday NY-hours selling broke the recovery line from Wednesday's low and pushed price back under the 38.2% + ema cluster near 57.42, leaving the friday low at 57.06 under test with RSI(14) near 37.
Support: 57.06, 56.57, 55.39
Resistance: 57.42, 57.96, 58.40
What it said to watch
H1 close below the 57.06 friday low opens the august low at 56.57, with the 55.39 week low beneath
Reclaiming the 38.2% + ema cluster at 57.42 would restore the rebound read, with the friday high at 57.96 and the pre-cpi low at 58.40 above
A rebound in Treasury yields or steadier equities over the weekend could extend the pullback, while a renewed AI-led selloff supports the rebound
S&P Global PMIs on Oct 23 are the next high-impact US print that could materially shift this read
Silver opened the week near 60.50, slid through Tuesday and collapsed in Wednesday's NY session on the hot US CPI, from the 58.78 pre-CPI high to a 55.39 week low. The Thursday–Friday rebound came as yields and the USD reversed lower. It stalled four times at the 57.96 rebound high on Friday, just shy of the 50% fib of the week's drop at 58.05. During NY hours price slipped back below the 38.2% fib at 57.42 and EMA(20) to test the 57.06 friday low. RSI(14) has rolled over to the mid-40s from the high 60s.
Support: 57.06, 56.29, 55.39
Resistance: 57.42, 57.96, 58.78
What it said to watch
H1 close below the 57.06 friday low turns the Friday range into a lower high and exposes the 56.29 swing low
Recovery and hold above the 38.2% fib at 57.42 keeps the 57.06–57.96 consolidation intact
Close above the 57.96 rebound high and the 58.05 50% fib would challenge the downtrend read, with the 58.78 pre-cpi high next
Loss of 56.29 would put the 55.39 week low back in focus
Weekly close plus any rebound in Treasury yields or the USD after IMF meetings could shift this read
16:05 UTC
Rebound off week low, now stalling · RSI 43 · price 57.244
Higher lows from 55.39 low, rebound line broken, double top at 57.96.
The week's dominant move was Wednesday's NY-session collapse on the hot US CPI print, which broke the 58.40 pre-cpi base and ran to a 55.39 low. Thursday and Friday's Asia session then printed higher lows as yields and the USD reversed lower, until a double top formed at the 57.95–57.96 rebound high and drew rejection through London. Friday's NY-session drop from 57.73 to 57.26 has broken the rebound line and pushed price below EMA(20) near 57.58, with RSI(14) slipping to about 43; the friday low at 57.06 and the 38.2% fib of the rebound at 56.98 sit just below.
Support: 57.06, 56.98, 56.29
Resistance: 57.58, 57.96, 58.40
What it said to watch
H1 close back above the 57.58 ema20 and the 57.96 rebound high would negate the double top and reopen the 58.40 pre-cpi base
Failure to hold the 57.06 friday low and 56.98 38.2% fib exposes the 56.29 thu low, near the 61.8% retracement
Weekend IMF meetings with possible Fed commentary could reprice yields and the USD, shifting this read into Monday's open
15:05 UTC
Rebound off midweek low, stalling under 58 · RSI 61 · price 57.698
Higher lows since Wednesday's low, flat cap at 57.96.
Wednesday's CPI drop took silver from the 58.40 pre-CPI base to a 55.39 week low during NY hours. From there, Thursday's Asia-session higher low at 55.70 started a steady recovery as yields and the USD slipped despite hot PPI and retail sales. Price has stalled at the 57.96 Friday high, just under the 50% fib of the CPI drop at 58.05, while a dip to the 57.24 Friday low around the NY open held the rising higher lows line and was reclaimed within the hour. Price holds above EMA(20) at 57.52 with RSI(14) near 61, and EMA(20) and EMA(50) are converging around 57.45–57.52.
Support: 57.52, 57.24, 57.06
Resistance: 57.96, 58.05, 58.40
What it said to watch
H1 close above the 57.96 Friday high and the 58.05 50% fib opens the 58.40 pre-CPI base
Close below the higher lows line and the 57.24 Friday low exposes the 57.06 Asia low from Friday's session
Loss of EMA(20) at 57.52 would put the Friday consolidation floor back in play
US Budget Statement at 18:00 UTC and weekend IMF remarks could shift the yields-driven rebound
Higher lows since Wednesday's 55.385 low, capped at 57.96.
The hot US CPI print at Wednesday's NY open broke silver out of its pre-CPI base near 58.40 and drove it to 55.385. The cpi impulse fib has since been retraced past 38.2% (57.42) on a softer USD and lower yields. Since Thursday's Asia session, the higher-low trendline has held, with price back above EMA(20) and EMA(50) and RSI(14) holding in the low 60s. Friday's session high at 57.96 has capped three attempts. The NY-session dip on the Industrial Production beat reached 57.235 (the ip dip low) and was absorbed back above ema20.
Support: 57.48, 57.235
Resistance: 57.96, 58.05, 58.40
What it said to watch
H1 close above the 57.96 session high opens the fib 50% at 58.05 and the pre-cpi base at 58.40
Failure to hold the 57.48 swing low and the higher-low trendline near 57.235 (ip dip low) breaks the recovery structure
Repeated rejection at 57.96 with RSI(14) slipping below 50 would mark the bounce as stalling
Weekend IMF meetings with possible hawkish Fed-speak, plus DXY and yield moves, could materially shift this read
Higher lows off Wednesday's low, now a tight range under 57.95.
Silver slid from Monday's 60.74 high to 55.39 in Wednesday's NY session after the hot US CPI print. It has since rebuilt about two-fifths of that drop as risk-off flows, softer USD and lower yields lifted metals. Since Asia today, price has been rejected five times at 57.93–57.96, today high, just below the 50% fib of the week's decline at 58.06. During London hours it slipped beneath the rising recovery line from Wednesday's low and is now holding just above EMA(20) near 57.60, with RSI(14) easing into the low 60s.
Support: 57.60, 57.45, 57.06
Resistance: 57.95, 58.06, 58.78
What it said to watch
H1 close above today high at 57.95 clears the 50% fib at 58.06 and opens the cpi-day high at 58.78
Failure at the range low near 57.45, which aligns with the 38.2% fib, exposes the asia low at 57.06
Sustained trade below ema20 at 57.60 would confirm the recovery line break and turn the range into a lower-high
US Industrial Production at 13:15 UTC could materially shift this read via yields and USD
Wednesday's hot US CPI print drove a NY-session collapse from the pre-CPI base near 58.45 to 55.39. A softer USD and falling yields then fuelled a two-day rebound of higher lows, with Thursday's 56.29 higher low and Friday's 57.06 Asia low, and the move has reached the 38.2% retracement of the 60.72–55.39 leg. Two rejections at the 57.95 Friday high, just under the fib 50% at 58.05, have flattened momentum with RSI(14) easing toward 60, and price sits above EMA(20) near 57.47 but is slipping under the rising trendline, with the 57.48 swing low the nearest support.
Support: 57.48, 57.06, 56.29
Resistance: 57.95, 58.05, 58.45
What it said to watch
US Industrial Production at 13:15 UTC could materially shift this read if yields and the USD lift and the risk-off support fades
H1 close below the 57.48 swing low confirms the rising trendline break and exposes the 57.06 Asia low
H1 close above the 57.95 Friday high and the fib 50% at 58.05 opens the path to the 58.45 pre-CPI base
Loss of the 57.06 Asia low puts Thursday's 56.29 higher low back in view and ends the higher-low sequence
Silver has retraced about 40% of the 60.72–55.39 CPI slide since Wednesday's NY-session low. The rebound built higher lows through Thursday and into Friday's Asia session as softer USD and lower yields lifted metals, with a push to 57.93 around the Warsh speech. Price has been capped twice at the 57.95 friday high, just under the 50% fib at 58.05, and has slipped below the steep recovery line while still holding the ema20/50 cluster near 57.47. RSI(14) near 61 has eased from about 69 on the Asia-session push, so momentum is flattening rather than extending.
Support: 57.47, 57.06, 55.39
Resistance: 57.95, 58.05, 58.50
What it said to watch
Hourly close above the 57.95 friday high and 58.05 50% fib opens the path to the 58.50 pre-cpi base
Loss of the 57.47 ema20/50 cluster shifts focus to the 57.06 asia low
Break of the 57.06 asia low undoes Friday's higher-low sequence and brings the 55.39 week low back in view
US Industrial Production at 13:15 UTC (f/c 0.4%) could materially shift this read via yields and the USD
Higher lows off the CPI low, compressing under the 57.95 Friday high.
Wednesday's hot US CPI print hit during the NY session and drove silver from the 58.50 breakdown area to the 55.385 CPI low. Since then, softer yields and a weaker USD have built a run of higher lows. Friday's Asia-session leg around the Warsh speech lifted price to 57.95, where the Friday high has capped four hourly attempts just above the 61.8% level of the CPI flush fib. Price now sits on the rising trendline from Thursday's NY low and above EMA(20) near 57.55, with RSI(14) cooling to around 60.
Support: 57.48, 57.062, 55.385
Resistance: 57.952, 58.50, 59.359
What it said to watch
H1 close below the rising trendline and the 57.48 pullback low exposes the 57.06 Asian low
Failure to hold 57.06 puts the 55.385 CPI low back in focus as the week's reference
Close above the 57.95 Friday high opens the 58.50 breakdown zone, which lines up with the 78.6% CPI flush fib
Reclaim of 58.50 brings the 59.36 pre-CPI high into view
US Industrial Production at 13:15 UTC (f/c 0.4%) could shift this read via yields and DXY
09:06 UTC
Rebound within a weekly decline, higher lows since Wednesday · RSI 64 · price 57.905
Higher lows off the 55.39 week low, capped at 57.95.
Silver broke down from the 58.4–58.8 pre-cpi base during Wednesday's NY session on the hot US CPI print and fell to a 55.39 week low. Since then it has stepped up along a rising trendline of higher lows, helped by falling yields and a softer USD that brushed off Thursday's PPI beat. Price now sits between the 38.2% and the 50% fib of the week's drop, above EMA(20) and EMA(50) as they converge near 57.45 with the 57.48 pullback low. The friday high at 57.95 has capped both the Asia and London-open pushes, and RSI(14) near 64 has stayed short of overbought on the recovery.
Support: 57.48, 57.06, 56.29
Resistance: 57.95, 58.19, 58.45
What it said to watch
H1 close below the 57.48 pullback low and the EMA cluster would break the higher-low trendline, with the friday low at 57.06 next
Close above the 57.95 friday high opens the 50% fib at 58.19 and the pre-cpi base near 58.45
Loss of the ppi low at 56.29 would put the 55.39 week low back in play
US Industrial Production at 13:15 UTC (f/c 0.4%) could move yields and the USD and materially shift this read
Higher lows since Wednesday's 55.39 low; ranging 57.48–57.93 below the 50% fib.
Silver was capped below 61.04 early in the week, broke lower in Tuesday's NY session, then dropped to 55.39 on Wednesday's hot CPI print. Since then it has built higher lows. Falling yields and a softer USD lifted it through Thursday, and the Asia session extended the move to a 57.93 rebound high. Price now rotates between the 57.48 pullback low and that high, holding above ema20 (~57.28) and the 38.2% retracement of the 61.04–55.39 decline. RSI(14) has eased to ~61 from ~66 at the high. Overhead, the 50% fib sits at 58.21 and the 61.8% fib at 58.88, the latter in line with Wednesday's pre-CPI high.
Support: 57.48, 57.28, 57.06
Resistance: 57.93, 58.21, 58.88
What it said to watch
H1 close above the 57.93 rebound high opens the 50% fib at 58.21
Loss of the 57.48 pullback low exposes ema20 near 57.28
Break of the 57.06 asian low would breach the higher lows line from Thursday
Rejection at the 61.8% fib near 58.88 keeps the rebound corrective within the week's decline
US Industrial Production at 13:15 UTC (f/c 0.4%): a yields or USD rebound could materially shift this read
07:04 UTC
Recovering within weekly downtrend · RSI 66 · price 57.75
Higher lows since CPI week low, testing 38.2% retrace.
Wednesday's hot US CPI print triggered a NY-session flush from the pre-CPI base near 58.45 to a week low of 55.39. Since Thursday, softer yields and a weaker USD have driven a steady run of higher lows, with the NY session doing most of the lifting and price now back above EMA(20) and EMA(50). Friday's Asia session pushed to a session high of 57.93 before easing toward the rising trendline near 57.51, close to the 38.2% retracement of the week's 61.09–55.39 decline.
Support: 57.51, 57.06, 55.39
Resistance: 57.93, 58.24, 58.45
What it said to watch
Hourly close below the rising trendline near 57.51 exposes the Asian low at 57.06 and breaks the higher-low sequence
Close above the 57.93 session high opens the fib 50% at 58.24, then the pre-CPI base at 58.45
RSI(14) near 66 with no divergence yet; a lower high on RSI against a new price high would flag fading momentum
US Industrial Production at 13:15 UTC (f/c 0.4%) could materially shift this read via yields and the USD
Loss of 56.29 would put the week low at 55.39 back in focus
Higher highs and higher lows off the 55.385 CPI low, testing the 38.2% retrace of the week's drop.
Silver slid from Monday's 61.135 high into Wednesday's NY session, where the hot September CPI print flushed it out of the 58.40 pre-CPI base to 55.385. Since Thursday's London open it has printed steady higher lows along a rising trendline as yields and the USD rolled over. Friday's Asia session cleared Thursday's high at 57.517 to a 57.931 session high, then pulled back to retest that level. Price is now holding above EMA(20) near 57.25 and sitting at the 38.2% retrace of the week's drop (57.58), with RSI(14) in the low-to-mid 60s.
Support: 57.517, 57.062, 56.469
Resistance: 57.931, 58.40
What it said to watch
US Industrial Production at 13:15 UTC (f/c 0.4%) could materially shift this read via yields and the USD
An H1 close back below Thursday's high at 57.517 breaks the rebound higher lows trendline
Failure to hold Friday's Asia low at 57.062 would put the 56.469 swing low back in focus
A close above the 57.931 session high opens the path to the 58.40 pre-CPI base and the 50% retrace of the week's drop near 58.26
05:06 UTC
Downtrend on the week, corrective rebound extending · RSI 64 · price 57.808
Higher lows off the 55.39 week low, price back above EMA20/EMA50 inside the broader lower-high sequence.
Silver bled lower from Monday's 61.17 weekly open on a series of lower highs. Wednesday's hot US CPI print then triggered a NY-session flush to the 55.39 week low. Since then, falling yields and a softer USD have built higher lows into Friday's Asia session, where price cleared the thu high at 57.52 and reclaimed both the ema20 (57.24) and EMA50 (57.44), with RSI(14) near 64. The rebound is pressing the 38.2% level of the week drop fib (57.64) beneath the asia high at 57.93, with the pre-cpi base near 58.36 and the 61.8% fib at 59.03 overhead.
Support: 57.52, 57.24, 57.06
Resistance: 57.93, 58.36, 59.03
What it said to watch
Hourly close back below the thu high at 57.52 and the rebound trendline (~57.42) would turn the Asia push into a false break
Close above the asia high at 57.93 opens the 50% retracement and pre-cpi base around 58.33–58.36
Acceptance above 58.36 brings the 61.8% fib at 59.03 into view, below Wednesday's 59.36 pre-CPI high
Loss of the ema20 at 57.24 and the asia low at 57.06 would break the higher-low sequence of the rebound
US Industrial Production at 13:15 UTC and digestion of Warsh's remarks could shift yields and materially change this read
Higher lows off Wednesday's 55.39 low, testing 61.8% of CPI leg.
Silver opened the week at 61.26 and bled lower through Monday and Tuesday. Wednesday's hot CPI print then drove the NY-open bar from the 58.78 cpi bar high to a 55.39 week low. Since then the rebound has printed a clean run of higher lows, and Thursday's NY session extended despite the PPI beat as falling yields and risk-off flows weighed on USD. Friday's Asia session cleared the 57.52 Thursday high and tagged 57.93, right at the 61.8% of the cpi leg fib from the 59.36 pre-cpi high, with RSI(14) near 68 and price above both EMAs.
Support: 57.517, 57.062, 56.292
Resistance: 57.928, 58.784, 59.359
What it said to watch
Market reaction to Warsh's 03:30 UTC remarks: a hawkish tilt that lifts yields could pull price back below the 57.52 thu high
Hourly close above the 57.93 asia high and the 61.8% retracement opens the 58.78 cpi bar high, with 59.36 pre-cpi high beyond
Break of the higher lows trendline and the 57.06 asia low would end the rebound sequence and expose the 56.29 swing low
US Industrial Production at 13:15 UTC could shift the yield-driven read
Higher lows off Wednesday's low; testing 38.2% retrace of the week's decline.
The week opened near 60.90 and bled lower through Monday and Tuesday. Wednesday's hot CPI print then triggered a roughly $3 NY-session flush to the 55.39 week low. Since then H1 has printed a run of higher lows as yields and the USD eased, and the latest Asia session push to 57.78 tagged the 38.2% fib of the Mon-Wed decline and cleared Thursday's 57.52 high. Price holds above EMA(20) and EMA(50) with RSI(14) near 69, with the asia low at 57.06 and the thu ny low at 56.83 marking the rising lows beneath.
Support: 57.06, 56.83
Resistance: 57.78, 58.45, 59.36
What it said to watch
Fed Chair Warsh speaks at 03:30 UTC inside the next bar and could materially shift this read
An H1 close back below the asia low at 57.06 breaks the rising lows line and stalls the rebound
Acceptance above the asia high at 57.78 (38.2% fib) opens the path to the pre-cpi base near 58.45, with the cpi origin at 59.36 above
Loss of the thu ny low at 56.83 would put the 55.39 week low back in focus
Lower highs Mon–Wed into CPI low; higher lows since Wednesday's 55.39 low.
Silver opened the week near 60.79 and peaked at 61.44 on Monday. Price then printed lower highs into Wednesday, when the hot CPI print drove a NY-session flush to 55.39. The rebound since has built a sequence of higher lows on falling yields and a softer USD. It stalled at the 57.52 rebound high, just short of the 38.2% fib of the week's decline at 57.70. Price holds just above EMA(20) but below EMA(50), with RSI(14) near 61 off oversold. The Asia low at 57.06 sits on the rising trendline from Wednesday's low.
Support: 57.06, 56.83, 56.29
Resistance: 57.52, 57.70, 58.41
What it said to watch
Warsh speech at 03:30 UTC could materially shift this read; a hawkish lean re-tests the rebound structure
H1 close below the 57.06 Asia low and rising trendline breaks the higher-low sequence, exposing the 56.83 Thu NY low
Loss of the 56.29 higher low would return focus to Wednesday's 55.39 low
H1 close above the 57.52 rebound high and the 38.2% fib at 57.70 opens the path to the 50% fib near 58.41
US Industrial Production at 13:15 UTC is secondary risk during NY hours
Lower highs Mon–Wed; higher lows off 55.39 since Wed NY.
Silver printed lower highs from Monday's 61.44 peak, and Wednesday's hot US CPI print triggered a NY-session flush to the 55.39 week low. Thursday's rebound began in London and extended through NY as yields and the USD slipped. It built higher lows along a rebound trendline and reclaimed EMA(20) near 56.9, but stalled at the 57.52 rebound high, short of the 38.2% fib at 57.70 and capped by EMA(50) near 57.3. The Asia session has eased price onto the 57.06 asian low, which sits on the trendline, with RSI(14) cooling to ~60 from the high 60s.
Support: 57.06, 56.83, 55.39
Resistance: 57.52, 58.45
What it said to watch
Warsh speech at 03:30 UTC could materially shift this read; an October-hike signal is the hawkish tail
H1 close below the 57.06 asian low breaks the rebound trendline and exposes the 56.83 pullback low near EMA(20)
Loss of the 56.83 pullback low returns focus to the 55.39 week low
H1 close above the 57.52 rebound high opens the 38.2% fib at 57.70, then the 58.45 cpi shelf at the 50% retracement
Lower highs from Monday's 61.44 peak; Thursday rebound capped near ema50.
Silver has printed lower highs since Monday's Asia-session peak at 61.44. Wednesday's hot US CPI drove a roughly $3 NY-session flush to the 55.39 week low. Thursday's rebound ran through London and NY on falling yields and a softer USD, then stalled at the 57.52 thu high just under the 38.2% fib of the week's decline (57.70); price has since slipped back below EMA(50) at 57.36 and the rebound line in early Asia, with RSI(14) easing from ~63 to ~53 and EMA(20) at 56.93 the first support beneath.
Support: 56.93, 56.29, 55.39
Resistance: 57.36, 57.52, 58.40
What it said to watch
Warsh at 03:30 UTC could materially shift this read; a hawkish lean would put the 55.39 week low back in play
Hourly close above the 57.52 thu high and the 57.70 fib level opens the path to the 58.40 cpi shelf, the pre-CPI consolidation base
Failure to hold EMA(20) at 56.93 and the 56.29 ny pullback low would unwind Thursday's rebound structure