Higher highs and higher lows since Wednesday's low, now consolidating under the week high.
The week's dominant move came in the NY session on Thursday: after the post-FOMC flush to 62.30, price stair-stepped higher and then accelerated through 64.76 and the 65.30 area in a single run to a week high at 66.14, exactly the squeeze path the digest flagged once the $64.10-$64.20 neckline was reclaimed. Asia hours have been corrective and thin — three bars of sideways action between the session low at 65.18 and 65.44, with RSI(14) unwinding from above 70 into the mid-60s. Price is still holding a wide margin above EMA(20) at 64.93, so the pullback so far is time rather than price.
Support: 65.18, 64.93, 64.76
Resistance: 65.95, 66.14
What it said to watch
An hourly close back below the ema20 at 64.93 would break the higher-low sequence built since Wednesday
Loss of the session low at 65.18 would put the 64.76 prior high back in play as first reference
Acceptance above the session high at 65.95 and then the 66.14 week high is needed to extend the impulse rather than range under it
Fed's Bowman (07:30 GMT) and US Industrial Production (13:15 GMT) land inside the next few bars and can reset the yield backdrop driving this move
Higher highs and higher lows since Wednesday's 62.30 low; consolidating under the week high.
Monday's 64.02 open gave way to a grind lower into Wednesday's post-FOMC plunge at 62.30, but Thursday's NY session produced the dominant move of the week — a vertical run from 64.09 through the 64.10-64.20 neckline zone to a week high at 66.137 as the crude-driven inflation bid returned and the hawkish dot-plot repricing lost incremental force. Price has since faded to 65.21, holding well above EMA20 at 64.85 with RSI(14) unwinding from 68 to the mid-50s. The 65.90 prior high capped the last two hourly attempts and the session low at 65.18 is the nearest reference for the higher-low sequence.
Support: 65.18, 64.85, 64.35
Resistance: 65.90, 66.137
What it said to watch
Hourly close below the 65.18 session low would break the higher-low sequence built off Wednesday's 62.30 low
A close back under EMA20 at 64.85 would neutralise the breakout read and put EMA50 at 64.35 back in focus
66.137 week high — area to watch for rejection or continuation
Fed's Bowman (07:30 GMT) and US Industrial Production (13:15 GMT, f/c +0.3%) Friday could materially shift this read
Higher highs/higher lows since Wednesday's low, now consolidating below the week high.
Silver collapsed to 62.30 on the 18:00 GMT FOMC bar Wednesday, then reversed through Thursday's London and NY sessions, clearing the pre-FOMC 64.90 shelf and extending to a 66.14 week high — the hawkish-dots squeeze scenario overshot the 65.30 cap the macro read had flagged. The last four hours have drifted back to 65.21 from the 65.95 day high, but price is still holding well above EMA(20) at 64.85 and EMA(50) at 64.36, with the whole advance based off 64.07. RSI(14) near 63 has eased from the impulse peak while the 66.14 high went untested on the second attempt.
Support: 65.18, 64.85, 64.07
Resistance: 65.95, 66.14
What it said to watch
Loss of the 65.18 session low and then EMA(20) at 64.85 would end the higher-low sequence built since Wednesday
An hourly close above the 66.14 week high would extend the breakout; repeated failure at the 65.95 day high keeps this a consolidation
A slide back under the impulse base at 64.07 would reinstate the pre-Thursday range
Fed's Bowman (07:30 GMT) and US Industrial Production (13:15 GMT, f/c +0.3%) Friday are the near-term catalysts for this structure
Higher lows off Wednesday's 62.30 spike low, consolidating under 66.14 week high.
Wednesday's post-FOMC flush to 62.30 was fully reversed through Thursday's NY session, with the 64.15 neckline area reclaimed and an impulse into 66.137 as the oil correction eased real-yield pressure. Price has since drifted into a tight consolidation between the 65.224 session low and the 65.945 prior high, holding well above EMA20 near 64.93 while RSI(14) unwinds from the high 70s toward 66. The dominant move of the week came in a single London-NY stretch, and the last four bars show no follow-through above 66.14.
Support: 65.224, 64.93, 64.15
Resistance: 65.945, 66.137
What it said to watch
Hourly close back below the 65.224 session low would break the higher-low sequence off 62.30
Acceptance above the 65.945 prior high and 66.137 week high is needed to extend the breakout
A slide back under EMA20 near 64.93 would put the 64.15 neckline back in play
Fed's Bowman 07:30 GMT and US Industrial Production 13:15 GMT (f/c +0.3%) are near-term catalysts for this read
Higher highs and higher lows since Wednesday's low; consolidating under the week high.
The dominant move of the week was Wednesday's post-FOMC air pocket — one bar from 64.90 to 63.00 — followed by a full recovery that accelerated through the NY session on Thursday as the oil correction eased real-yield pressure, taking price from 64.09 to the 66.137 week high. Price has since drifted back to 65.38 but holds well above the EMA20 at 64.78, with the 64.10 neckline that capped repeated attempts earlier in the week now cleanly reclaimed. RSI(14) near 68 has flattened while the last four bars made lower highs, so the impulse is digesting rather than extending.
Support: 65.31, 64.78, 64.10
Resistance: 65.945, 66.137
What it said to watch
Loss of the 65.31 swing low would mark the first lower low since the recovery began
A close back below the EMA20 at 64.78 would neutralise the uptrend read on this timeframe
Sustained trade back under the 64.10 neckline would restore the earlier breakdown structure
Rejection at the 65.945 prior high / 66.137 week high area is the level to monitor for a range cap forming
Fed's Bowman and US Industrial Production on Friday are the near-term catalysts that could reprice this move
18:04 UTC
Uptrend, extended after impulse · RSI 73 · price 65.57
Higher highs and higher lows since Wednesday's 62.30 low; broken above prior week range.
Silver has run 380 cents off Wednesday's post-FOMC flush at 62.30, with the dominant leg arriving through the London–NY transition today as the crude correction eased real-yield pressure and price cleared the 64.10-64.20 neckline and the 64.75-64.85 prior high in one push. The week high at 66.14 capped the first attempt and the last three bars have stalled between the 65.90 session high and the 65.24 swing low, with RSI(14) near 73 and price stretched roughly a full ATR above EMA(20) at 64.60. Higher lows off 62.30 remain intact and pullbacks have not yet been offered back to the moving average.
Support: 65.24, 64.85, 64.60
Resistance: 65.90, 66.14
What it said to watch
Hourly closes back below the 65.24 swing low would end the sequence of higher lows on this leg
A sustained close above the 66.14 week high extends the breakout; repeated rejection there builds a double top risk against the session high
Loss of the 64.85 prior high would put the broken neckline zone back in play as the reference
Fed's Bowman (07:30 GMT) and US Industrial Production (13:15 GMT) tomorrow are the near-term catalysts that could reset this read
17:06 UTC
Uptrend, extended after impulsive NY leg · RSI 73 · price 65.747
Higher highs and higher lows since Wednesday's post-FOMC low; breakout above the week's range top.
Silver spent Monday through Wednesday grinding lower into the 62.30 area, with the post-FOMC hawkish dot plot driving the vertical 64.90-to-63.00 flush, before the oil correction and softer US housing data flipped the week's tone. The recovery accelerated through the NY session today, clearing the 64.75-64.85 confluence and the 65.30 rejection zone in one leg to a week high of 66.137, leaving price roughly 1.0 dollar above a rising EMA(20) at 64.76. RSI(14) near 73 is overbought for the first time this week and the last three bars have stalled in a tight 65.53-65.95 band just under the round number.
Support: 65.242, 64.757, 64.15
Resistance: 66.00, 66.137
What it said to watch
An H1 close back below 65.24 would break the higher-low sequence built off the 62.30 low
Loss of the ema20 at 64.76 would put the 64.15 neckline back in play as the pivot for the week
Sustained trade above the 66.00 round number and the 66.137 week high keeps the breakout structure intact
Fed's Bowman (07:30 GMT) and US Industrial Production (13:15 GMT, f/c +0.3%) tomorrow are the near-term events that could reprice real yields and this read
16:04 UTC
Uptrend, momentum accelerating into NY · RSI 78 · price 65.94
Higher lows since Wednesday's low, fresh week high.
Price bottomed at 62.30 in Wednesday's post-FOMC flush and has built a sequence of higher lows through Thursday, with the NY session doing the heavy lifting — three consecutive expansion bars took XAG/USD through the 64.75-64.85 confluence and the 65.30 rejection area to a week high at 66.14. The oil correction easing real-yield pressure is the driver named in the digest, and the move has cleared the 64.10-64.20 neckline that capped repeated attempts earlier in the week. RSI(14) near 78 is stretched and price sits roughly 1.50 above EMA20, so the immediate reference is whether pullbacks hold the 65.24 breakout base rather than retrace to the ema20.
Support: 65.24, 64.85, 64.40
Resistance: 66.14, 66.50
What it said to watch
Hourly close back below 65.24 breakout base would stall the impulse and put the prior high at 64.85 back in play
Sustained trade above 66.14 week high opens the path toward the 66.50 round number
A pullback that only stabilises at the ema20 near 64.40 would flatten the higher-low sequence
Fed's Bowman 07:30 GMT and US Industrial Production 13:15 GMT Friday are the near-term events that could shift this read
Series of higher highs and higher lows since Wednesday's 62.303 low; fresh week high posted in NY.
Silver has run 380 cents off Wednesday's post-FOMC flush at 62.303, with the decisive leg arriving in this NY session — the 64.10-64.20 neckline that capped repeated attempts earlier in the week was cleared and the 64.755 prior high flipped to support on the way up. The oil correction easing real-yield pressure is the driver cited behind the bounce, and price now sits above both EMA20 (~64.35) and EMA50 with RSI(14) near 75, the most stretched reading of the four-day window. Resistance is the 66.00 round number and the 66.137 week high just printed; the 65.242 session low marks the base of the final impulse.
Support: 65.242, 64.755, 64.35
Resistance: 66.00, 66.137
What it said to watch
Hourly close back below 65.242 session low would end the sequence of higher lows on this leg
Loss of 64.755 prior high would put the reclaimed 64.10-64.20 neckline back in play
RSI(14) near 75 while price stalls under the 66.00 round number / 66.137 week high would flag momentum divergence
US Industrial Production and Fed's Bowman on Friday are the near-term catalysts for the yield channel driving this move
14:05 UTC
Uptrend, momentum accelerating into NY · RSI 77 · price 65.635
Silver has run from the 62.30 post-FOMC low to a fresh week high at 65.752, with the decisive leg coming in the NY session as the oil unwind and short-covering carried price clean through the 64.10-64.20 area and the string of lower highs from Friday. Price now sits roughly 145 pips above EMA(20) at ~64.20 with RSI(14) near 76, the most stretched reading of the four-day window. Firm US data today (claims 196K, Philly Fed 37.8) kept yields supported without capping the metal, so the move is metals-led rather than dollar-led.
Support: 65.242, 64.90, 64.20
Resistance: 65.752
What it said to watch
Hold or loss of 65.242 session low is the first test of the breakout leg
A close back under 64.90 prior high would signal the breakout is failing
Return below EMA(20) at ~64.20 would restore the pre-breakout range read
RSI(14) near 76 leaves the advance stretched; a pullback into 64.90/64.20 without new lows keeps the higher-low sequence intact
Fed's Bowman 07:30 GMT and US Industrial Production 13:15 GMT Friday are the next scheduled risks to this read
Higher highs and higher lows since the post-FOMC low; week high taken out.
Silver reversed the entire post-FOMC flush from 62.30 in three sessions and pushed through the much-watched 64.10-64.20 neckline into the NY session, printing a session high at 65.75 that clears Monday's 65.26 prior high. The oil pullback and short-covering described in the flow did the work despite firm US data (claims 196K, Philly Fed 37.8) keeping the dollar supported. Price is extended well above EMA20 near 64.32 with RSI(14) close to 77, the highest reading in the window.
Support: 65.26, 64.32, 64.15
Resistance: 65.75, 66.00
What it said to watch
An hourly close back below the 64.10-64.20 neckline would negate the breakout and return 63.00 to focus
Failure to hold 65.26 prior high on a pullback would mark the breakout as a false one
First pullback into EMA20 near 64.32 is the test of whether the new sequence of higher lows holds
Acceptance above the 66.00 round number would extend the impulse; rejection there caps the session high at 65.75
Fed's Bowman 07:30 GMT and US Industrial Production 13:15 GMT Friday could materially shift this read
Higher lows since Wednesday's spike low, fresh week high.
Silver cleared the 64.10–64.20 shelf that capped it all week and ran to a week high at 65.58 in the NY session, the impulse printing on the bar covering the 12:30 GMT US claims/Philly Fed batch. Price now sits well clear of EMA(20) at 64.20 with RSI(14) near 69, the firmest H1 reading of the week, built on a sequence of higher lows off Wednesday's 62.30 post-FOMC spike low. Wednesday's 64.83 high is the first structural shelf beneath the market.
Support: 64.83, 64.20, 63.00
Resistance: 65.58, 66.00
What it said to watch
A pullback into the 64.83 wed high or EMA(20) at 64.20 is the first test of the breakout
An hourly close back under 64.20 re-opens the 63.00 week pivot and invalidates the breakout read
Extension through the 65.58 week high puts the 66.00 psych level in play
Pending Home Sales 14:00 GMT could reshape the read into the NY afternoon
Higher highs and higher lows since the post-FOMC low, week's range top cleared.
Silver has run from the 62.30 post-FOMC low to a 65.58 session high, taking out both the 64.15 neckline that capped the mid-week chop and the 64.80 prior cap on the way; the sharpest leg came in the hour spanning today's US claims/Philly Fed print, extending the oil-led rebound that began in Asia yesterday. Price is trading well above EMA(20) and EMA(50), which crossed higher on this move, with RSI(14) near 73 — the highest reading in the four-day window. The advance has been supported by a rising series of higher lows since the 62.30 low, and 65.00 is now the nearest psych level beneath price.
Support: 65.00, 64.80, 64.15
Resistance: 65.58, 66.00
What it said to watch
Pending Home Sales at 14:00 GMT falls inside the next bar period and could stall or extend this leg
Failure to hold 65.00 psych on an hourly close would put the 64.80 prior cap back in play
An hourly close back under the 64.15 neckline would restore the mid-week range read
Acceptance above the 65.58 session high opens the path toward the 66.00 round number
V-shaped retrace back to the high that started the drop.
Silver has round-tripped yesterday's FOMC reaction: the hawkish dot-plot lift sliced price from 64.90 down to the 62.30 week low inside a single NY hour, and a steady sequence of higher lows through Asia and today's London session has carried it back to 64.82 — right at the prior high that triggered the flush. Price sits above both EMA(20) and EMA(50) with RSI(14) near 70, the upper end of its cycle for this window. The 62.83–63.00 range floor was defended twice on the way down, and the 64.10 neckline that capped price for most of the week has now been reclaimed from below.
Support: 64.10, 63.00, 62.30
Resistance: 64.90, 65.26
What it said to watch
A second rejection at the 64.90 prior high would complete the double top on this timeframe
Hourly acceptance above 64.90 opens the path to the 65.26 week high
Loss of the 64.10 neckline breaks the higher-lows line and puts the 63.00 range floor back in play
US jobless claims and Philly Fed at 12:30 GMT land inside the next bar and could materially shift this read
12:04 UTC
Choppy recovery inside a wide weekly range · RSI 69 · price 64.823
Higher lows since Wednesday's low, pressing the top of the range.
Silver has spent the week churning between the 62.30 week low and the 65.26 week high, with the dominant move a vertical flush from 64.90 to 63.00 on the hawkish Fed hike and lifted dot path, immediately bought back into the following NY session. Price has since built a sequence of higher lows and reclaimed the 64.10 neckline area, closing 64.823 with EMA(20) at ~64.03 now beneath price and RSI(14) near 69. The 63.00 psych level has been defended on every test this week, while supply has capped each rally attempt into 64.90.
Support: 64.10, 63.00, 62.30
Resistance: 64.90, 65.26
What it said to watch
Acceptance above the 64.90 prior high would extend the recovery toward the 65.26 week high
Loss of the 64.10 neckline back into the mid-63s restores the week's rejection pattern
A sustained break of the 63.00 psych level re-exposes the 62.30 week low
US jobless claims and Philly Fed at 12:30 GMT fall inside the next H1 bar and can reset this structure
11:59 UTC
Recovery leg higher, momentum firm but capped · RSI 62 · price 64.329
Higher lows since Wednesday's flush inside a wider weekly range.
Wednesday's post-FOMC flush dumped price from 64.90 to 62.30 in two hours, but every hour since has built a higher low and price has now reclaimed both EMA(20) near 63.85 and the 64.10-64.20 area that had capped rallies all week. The rebound has come with crude correcting back off its highs, easing the near-term inflation-hedge and yield pressure that drove the week's slide. RSI(14) at ~62 sits in the upper half of its range without stretching, and the 64.44 prior-day high is the first structural cap into the NY session.
Support: 63.85, 63.04, 62.30
Resistance: 64.44, 64.90
What it said to watch
Hourly close above 64.44 prior-day high would extend the channel toward the 64.90 wed high
Loss of 63.85 ema20 would break the sequence of higher lows off Wednesday's low
Acceptance back under 63.04, the level repeatedly defended this week, re-exposes the 62.30 week low
US jobless claims and Philly Fed at 12:30 GMT land inside the next bar and can reprice the whole recovery leg
11:59 UTC
Recovery leg inside a wide weekly range · RSI 56 · price 64.329
Higher lows since Thursday's 62.30 low, price back above the 64.10-64.20 shelf.
Monday's London session set the week high at 65.26 before the hawkish FOMC hike and the hot Retail Sales print drove the sell-off that culminated in the 62.30 week low during Wednesday's NY hours. Since then H1 has stair-stepped higher lows off 63.04, reclaiming EMA(20) near 63.85 and closing back above the 64.10-64.20 shelf that capped the metal earlier in the week, with RSI(14) recovering to the mid-50s. The 64.44 day high is the immediate cap; the 62.30-65.26 weekly range still contains all of this week's action.
Support: 63.85, 63.04, 62.30
Resistance: 64.44, 64.90, 65.26
What it said to watch
US jobless claims and Philly Fed at 12:30 GMT fall inside the next bar period and could reset this recovery leg
Acceptance above the 64.44 day high would extend the leg toward the 64.90 wed high
An hourly close back under EMA(20) at 63.85 and then 63.04 prior low would break the higher-low sequence
Loss of 62.30 week low would confirm range expansion lower