Higher lows since Thursday, now coiling under the week high.
The squeeze off Thursday's 62.30 low has run more than 500 cents in two sessions, with the oil-and-yield unwind flagged in the digest doing the work, but it stalled into the 67.32 week high late in the NY session and price has spent the last twelve hours coiling between there and the 65.97 swing low. Two attempts to hold above the 67.00 psych level were rejected, and the pullback has drifted back onto the H1 EMA20 at 66.32 while RSI(14) has cooled from overbought to 56. Intraday supply is now capping around the 66.85 session high, so the week's impulse has become a sideways shelf rather than an extension.
Support: 66.32, 65.97, 65.18
Resistance: 66.85, 67.00, 67.32
What it said to watch
Hourly close below the 65.97 swing low would break the higher-lows line and put 65.18 prior low back in focus
Reclaiming the 66.85 session high and closing above 67.00 psych would reopen the 67.32 week high
Sustained loss of the ema20 at 66.32 would mark the first failed pullback of this week's advance
Fedspeak Monday and Wednesday's flash PMIs are live risk to the rate pricing behind this move
19:07 UTC
Uptrend, momentum cooling after Friday's high · RSI 56 · price 66.486
Higher highs / higher lows since Wednesday's low, now consolidating under the week high.
Silver reversed hard off Wednesday's 62.30 post-Fed low, with the dominant leg arriving in Thursday's NY session as WTI slid from $102 toward $95 and long-end yields backed off, before the move extended to a 67.32 week high in Friday's London hours. Since then price has consolidated in a 65.97–66.85 band, holding just above EMA(20) with EMA(50) far below and RSI(14) unwinding from overbought into the mid-50s. The pullback low at 66.18 and Friday's low at 65.97 define the near-term floor of that consolidation.
Support: 66.18, 65.97, 65.31
Resistance: 66.85, 67.32, 68.00
What it said to watch
An hourly close below 65.97 breaks the higher-low sequence built since Wednesday and puts the 65.31 prior shelf back in focus
Reclaiming the 67.32 week high would extend the impulse toward the 68.00 next test
Fed speakers from Monday (Goolsbee 10:30 GMT) and Wednesday's US flash PMIs are live risk to the yield backdrop behind this rally
Loss of EMA(20) on a sustained basis would mark the first failure of a pullback support since the reversal began
Higher highs and higher lows since Wednesday's 62.30 low; last 12 bars consolidating under the week high.
Silver has run from Wednesday's 62.30 low to 67.32 in two sessions, with the leg higher driven by the retreat in US 10y yields toward 4.93% and the crude correction rather than by the Fed itself. Since the NY session peak at 67.32 price has churned in a 66.00–67.03 band, holding above the H1 EMA(20) at 66.44 and with the 65.97 day low intact. RSI(14) has cooled from above 70 to the low 60s while price held its range — momentum flattening rather than reversing.
Support: 66.44, 65.97, 65.18
Resistance: 67.32, 68.00
What it said to watch
Acceptance above the 67.32 week high opens the path to the 68.00 psych level
An hourly close back below the 66.44 ema20 and then the 65.97 day low would break the higher-low sequence
Loss of 65.18 prior low would mark the first lower-low since Wednesday
Fed speakers Monday and the flash PMIs later in the week are the yield catalysts that could reprice this range
Higher highs and higher lows since Wednesday's low, now consolidating below the week high.
Silver has run from Wednesday's 62.30 low to a 67.32 week high, with the decisive legs coming in the Thursday NY session and again through this morning's London hours as long-end US yields slipped and crude corrected. Since the week high printed in London, price has chopped 65.97–67.03 and is holding just above the EMA(20) at 66.28, with RSI(14) unwinding from the high-70s to 58 — momentum easing rather than reversing. The 68.00 psych level is the untested reference above; the swing low at 65.97 marks the base of the current consolidation.
Support: 66.28, 65.97, 65.53
Resistance: 67.32, 68.00
What it said to watch
Hourly closes back below the 66.28 ema20 would put the swing low at 65.97 in play
Acceptance above the 67.32 week high opens the path toward the 68.00 psych level
Loss of 65.53 day low would break the run of higher lows built since Wednesday
Heavy Fed speaker slate Monday–Tuesday and flash PMIs Wednesday are the yield catalysts that have driven this week's swings
Higher highs/higher lows off Wednesday's 62.30 low; first lower high printed after 67.32.
Silver has run roughly five dollars off Wednesday's post-Fed low at 62.30, with the dominant legs coming in the NY sessions on Thursday and Friday as the 10-year backed off toward 4.93% and WTI corrected — a rate-side move rather than metal-specific demand. The London-NY transition on Friday saw a rejection at 67.32 and a slide back to 66.18, the first lower high of the week, leaving price closing marginally under EMA(20) near 66.35 while EMA(50) sits far below around 65.00. RSI(14) at 61 has rolled over from the high-70s reached during the Friday advance without confirming a new extreme.
Support: 66.18, 65.21, 64.20
Resistance: 66.64, 67.00, 67.32
What it said to watch
Reclaim of 66.64 prior high and then 67.00 psych would restore the impulsive structure
Hourly close below 66.18 day low confirms a lower low and turns the week's advance corrective
Loss of the 65.21 swing low would put the 64.20 neckline back in focus
Fedspeak Monday (Goolsbee 10:30 GMT) and Wednesday's S&P Global flash PMIs are the catalysts that could reprice this read
15:05 UTC
Uptrend, momentum cooling after Friday's high · RSI 59 · price 66.331
Higher highs and higher lows since Wednesday's low, first pullback into EMA20.
Silver has run roughly $5 off Wednesday's post-FOMC flush at 62.30, with the dominant legs coming in the Thursday and Friday NY sessions as WTI unwound and the US 10-year slipped back to 4.93%. The move cleared the 66.56 area and printed a week high at 67.321 in the London-NY transition before fading through the 67.00 round number; the current pullback has stalled at 65.974, the session low, and price is now sitting directly on the H1 EMA20 near 66.25 with RSI(14) back to ~59 from overbought. The higher-low sequence off 65.18 remains intact so far.
Support: 66.25, 65.974, 65.18
Resistance: 67.00, 67.321
What it said to watch
Hourly closes back above the 67.00 round number would put the 67.321 week high back in play
Loss of the 65.974 session low on a closing basis would be the first lower low since Wednesday
A close below the 65.18 swing low breaks the week's higher-low structure
Failure to hold the EMA20 after three sessions of it supporting pullbacks weakens the continuation read
Fed speakers Monday and S&P Global flash PMIs Wed 23 Sep are the scheduled events that could re-price this move
Series of higher highs/higher lows since Wednesday's low; first lower high printed into Friday NY.
Silver has run roughly 8% off Wednesday's post-Fed low at 62.30, the advance driven by the oil unwind and the 10y slipping to 4.93% rather than anything metal-specific, and the dominant legs came in the London-NY transition on Thursday and Friday. The move stalled at 67.32 in Friday's NY session and price has since slid back through the 66.56 break level to close at 66.22, pinned on EMA(20) with RSI(14) cooling from the high-60s to the mid-50s. The 66.18 session low is the first structural marker of the pullback; it has held once so far.
Support: 66.18, 65.53, 64.15
Resistance: 66.56, 67.03, 67.32
What it said to watch
Close back above 66.56 break level would put the prior high at 67.03 and the 67.32 week high back in focus
Failure to hold 66.18 session low confirms the first lower low of the week and opens 65.53 swing low
Sustained trade below EMA(20) would end the pullbacks-hold pattern that has framed the rally
Fed's Goolsbee Monday 10:30 GMT and the Tuesday speaker cluster are rate-path relevant with Oct hike odds near 53% — could materially shift this read
Deeper unwind back to the 64.15 neckline would re-arm the bearish structure the week began with
Higher highs and higher lows since Wednesday's low; first pullback into the breakout shelf.
Silver has run roughly four dollars off Wednesday's 62.30 post-Fed low, with the dominant leg coming in yesterday's NY session and this morning's London hours as WTI slid back toward 95.30 and the US 10-year eased to 4.93%. Price has stalled under the 67.32 week high, and the London-session dip to 66.217 was a first retest of the 66.56 break level, with the EMA20 now tracking just underneath at ~66.25. RSI(14) near 68 has flattened while the last three closes have not extended, so upside momentum is easing rather than reversing.
Support: 66.56, 66.25, 65.53
Resistance: 67.32
What it said to watch
US Industrial Production at 13:15 GMT is the last US data of the week and lands inside the next H1 bar
An hourly close back under the 66.56 break level would put the EMA20 and the 65.53 prior shelf back in focus
A close above the 67.32 week high re-opens the path toward the 70.00 reference cited in the news
A retest of 5.00% on the US 10-year has been the most consistent cap on this week's rally
Higher highs and higher lows since Wednesday's low, price consolidating just under the week high.
Silver has run from 62.30 on Wednesday to a 67.32 week high in the NY session yesterday, with the post-FOMC dip fully reversed as the oil-led retreat in the 10-year yield to 4.93% capped the dollar. The 66.56 pivot broke during yesterday's London-NY transition and price has since held above it, stalling in a tight 66.83-67.32 band through the Asia and early London sessions with RSI(14) near 71. Pullbacks have stopped well ahead of EMA(20), which is now tracking around 66.10 — the first area where the higher-low sequence would be tested.
Support: 66.56, 66.14, 65.21
Resistance: 67.32, 68.00
What it said to watch
Hourly close back below the 66.56 pivot would break the run of higher lows and put 66.14 prior high in play
Acceptance above the 67.32 week high is needed to extend the impulse toward the 68.00 psych area
US Industrial Production at 13:15 GMT is the only near-term print and could reprice the yield-driven leg of this move
Loss of 65.21 swing low would invalidate the uptrend read on this timeframe
Higher highs and higher lows since Wednesday's low, breakout in progress.
Silver has run from the 62.30 post-FOMC low to a 67.32 week high in two sessions, with the squeeze accelerating through the 66.56 pivot during yesterday's NY session as softer crude pulled the US 10-year back to 4.93% and capped the post-Fed dollar bid. Price is holding well clear of the ema20 near 66.20 and every pullback since Thursday's London open has been shallow, with the last three hours consolidating in a 67.00-67.32 band. RSI(14) near 77 shows the move is extended rather than turning, and the thu low at 65.18 remains the last higher low of the sequence.
Support: 66.56, 66.20, 65.18
Resistance: 67.32, 68.00
What it said to watch
US Industrial Production at 13:15 GMT is the only near-term print and could stall or extend the squeeze
Hourly closes back under the 66.56 pivot would break the breakout structure and put the ema20 back in play
Loss of the 65.18 thu low would end the higher-low sequence from Wednesday
Acceptance above the 67.32 week high opens the path toward the 68.00 round number
Higher highs and higher lows since Wednesday's 62.30 low; break level 66.56 now behind price.
Silver has run roughly $5 off Wednesday's 62.30 low, with the dominant legs coming in the NY session Thursday and again through the London session today as crude rolled over and the US 10y eased back to 4.93%, capping the post-Fed dollar bid. The 66.56 break level cited by the bearish head-and-shoulders camp gave way without a pullback and price is now consolidating just under the 67.321 week high, holding well above a rising EMA(20) near 66.15. RSI(14) at ~75 is the most stretched reading of the week, and the last two bars have stalled rather than extended.
Support: 66.56, 66.15, 65.18
Resistance: 67.321, 68.00
What it said to watch
Hourly close back below 66.56 would negate the break and put the ema20 at 66.15 back in play
Sustained trade above the 67.321 week high keeps the 68.00 round number as the next reference
US Industrial Production at 13:15 GMT (f/c +0.3% MoM) is the only data catalyst into the weekend and could shift the yield-led read
Loss of the higher-lows trendline, with a close under 65.18 swing low, would break this week's rebound structure
Series of higher highs and higher lows since Wednesday's low.
The week opened near 64.00 and broke down into Wednesday's post-FOMC low at 62.30, but every session since has printed a higher low and price has now run 4.9 dollars off that base, clearing the 66.56 pivot in yesterday's NY session and extending through the Asia and early London hours to a week high at 67.27. The driver has been the energy/yield channel flagged in the digest — softer crude pulling the US 10y back toward 4.93% — with firm US claims and Philly Fed data failing to cap the metal. RSI(14) near 80 is the most stretched reading in the window and price sits roughly 100 pips above EMA(20), so the advance is running without a pullback to the mean.
Support: 66.56, 66.15
Resistance: 67.27, 68.00
What it said to watch
US Industrial Production at 13:15 GMT is the only scheduled event inside the next bars that could shift this read
First pullback into 66.56 — area to watch for a retest hold or a failure that returns price inside the prior range
Loss of the 66.15 ema20 area would break the higher-low sequence that has held since Wednesday
Sustained trade above 67.27 would extend the breakout toward the 68.00 round number
08:05 UTC
Uptrend, extended and overbought · RSI 76 · price 66.982
Price has run in a straight line since Wednesday's 62.30 low, with Thursday's NY session squeeze — powered by the crude and Treasury-yield pullback rather than fresh demand — extending through the Asia and London hours into a session high at 67.11. The 66.56 break level cited all week gave way without a retest, leaving 66.14 prior high as the first shelf and EMA(20) at 65.80 as the nearest mean reference. RSI(14) near 76 is overbought and price is stretched roughly one ATR above EMA(20), so the structure is intact but unsupported on pullback levels.
Support: 66.14, 65.80, 65.18
Resistance: 67.11
What it said to watch
US Industrial Production at 13:15 GMT is the main intraday catalyst; a firm print that lifts yields could stall the squeeze
An hourly close back below 66.14 prior high would be the first sign the breakout is not holding
Loss of EMA20 at 65.80 would break the run of higher lows off Wednesday's low
Failure to hold 65.18 asia low confirms the move back inside this week's range
Acceptance above 67.11 session high keeps the higher-high sequence in place
Higher highs and higher lows since Wednesday's 62.30 low; five-day highs.
Silver has run from 62.30 to 66.81 in under two days, with the dominant leg coming in Thursday's NY session as Treasury yields backed off post-Fed and the oil rally paused, taking the metal back through the 64.10-64.20 neckline and then through the 66.56 bull trigger in this morning's Asia session. Every pullback since Wednesday has held above the rising EMA(20), now near 65.88, and price sits well clear of EMA(50) around 64.95. RSI(14) at 73 is overbought for the first time this week, so the 66.809 session high and the 67.00 round number are the immediate areas to watch for rejection or break.
Support: 66.56, 65.88, 65.18
Resistance: 66.809, 67.00
What it said to watch
Fed's Bowman at 07:30 GMT and US Industrial Production at 13:15 GMT could materially shift this read within the next few bars
An hourly close back below the 66.560 bull trigger would mark the first failed breakout of the move
Loss of the ema20 near 65.880 would break the higher-lows sequence off Wednesday's low
A close under the 65.180 swing low would confirm the squeeze has stalled
Higher highs and higher lows since Wednesday's 62.30 low; fresh week high on the last bar.
Silver has run from Wednesday's post-FOMC low at 62.30 to a fresh week high at 66.72, the bulk of the move coming in Thursday's London and NY sessions as Treasury yields backed off and the oil rally paused. Thursday's late Asia/early London stall between 65.18 and 65.98 acted as a flag, and the Asia session has resolved it higher, clearing the 66.56 area cited as the bull trigger with 67.00 psych the next reference. Price is roughly 110 pips above EMA20 (65.59) with RSI(14) near 68 — momentum intact but stretched relative to the ATR of ~333 pips.
Support: 66.05, 65.59, 65.18
Resistance: 66.72, 67.00
What it said to watch
Fed's Bowman at 07:30 GMT and US Industrial Production at 13:15 GMT (f/c +0.3%) fall inside the next bars and could materially shift this read
An hourly close back under the 66.05 breakout lvl would put the flag continuation in question
Loss of EMA20 at 65.59 and then the 65.18 range low would end the higher-low sequence built since Wednesday
Acceptance above 67.00 psych extends the impulse leg off 62.30
Series of higher highs and higher lows since Thursday's washout low.
The week opened heavy — silver was pressed from ~64.60 down to the 62.30 area, with Wednesday's hawkish Fed hike and upgraded dots driving the final flush into the 64.15 neckline. That low was rejected immediately and Thursday's NY session produced the dominant move of the week, a yield-led squeeze that reclaimed the neckline and ran to 66.14; Asian hours have held the gains at the highs with RSI(14) at ~64 and price extended above EMA20 near 65.48. Every pullback since Thursday has been shallow and bought above the prior swing low, leaving 65.18 as the last higher-low reference.
Support: 65.48, 65.18, 64.15
Resistance: 66.14, 66.56, 67.00
What it said to watch
Hourly close above 66.56 — the flagged bull trigger — opens the path toward the 67.00 psych level
Failure to hold 65.18 swing low would break the higher-low sequence built since Thursday
Loss of the 64.15 neckline on a close would re-arm the pattern that Thursday's move invalidated
Fed's Bowman at 07:30 GMT and US Industrial Production at 13:15 GMT are the near-term drivers for this read
Higher highs and higher lows since Wednesday's low.
Silver reversed hard off the 62.30 post-Fed low in Wednesday's NY session and has trended up in a sequence of higher lows, with the dominant leg coming in the NY session yesterday when price cleared the 64.83 prior high and the 65.30 zone that had capped the prior rally. A tight 65.18–65.45 flag through the Asia session was resolved higher, and price now sits at 66.05, just under the 66.14 week high, with the 66.50 round number the next reference above. EMA20 at 65.31 has anchored every pullback since the breakout; RSI(14) at 66.9 is elevated but not yet at the extremes it printed earlier in the week — the oil-led easing in inflation/yield pressure is the stated backdrop for the bounce.
Support: 65.31, 65.18, 64.83
Resistance: 66.14, 66.50
What it said to watch
Hourly close above the 66.14 week high would extend the impulse toward the 66.50 round number
Loss of the 65.31 ema20 and then the 65.18 swing low would break the higher-lows sequence
A close back under the 64.83 prior high would frame the whole move as a relief bounce inside the week's range
Fed's Bowman remarks and US Industrial Production (13:15 GMT) fall inside the next bar window and could materially shift this read
Higher highs and higher lows since Wednesday's NY low, now consolidating under the week high.
The dominant move of the week came in yesterday's NY session, a 380-cent impulse off the 62.30 post-Fed low that cleared the 64.76 breakout lvl and printed a 66.137 week high — the oil-led relief bounce in metals described in the digest, not a shift in the Fed-driven backdrop. Since then price has coiled in a 65.18–65.98 band, with the range low holding on three tests and pullbacks stalling into the ema20 near 65.35. RSI(14) has cooled from overbought to the low 60s while price held its highs, so momentum has flattened rather than reversed.
Support: 65.35, 65.18, 64.76
Resistance: 65.98, 66.137
What it said to watch
Hourly close above the 65.98 range top would re-expose the 66.137 week high
Loss of the 65.18 range low, then the ema20 failing to cap, would mark the first lower-low of this leg
A slide back under the 64.76 breakout lvl would undo the whole NY impulse
Fed's Bowman at 07:30 GMT and US Industrial Production at 13:15 GMT can reprice yields and reshape this consolidation
Series of higher lows, now consolidating under the week high.
Silver's week flipped after Thursday's 62.30 low, with the dominant leg arriving in the London-NY transition as the crude-led yield relief let the metal tear through 64.58 up to the 66.14 week high. Since then price has spent roughly ten bars coiling between the 65.18 asia low and the 65.98 session high, holding above a rising EMA(20) at 65.14 while RSI(14) cools from overbought into the mid-60s. The structure of higher lows off 62.30 is intact, but the last two attempts at 65.98 have been capped.
Support: 65.18, 65.14, 64.58
Resistance: 65.98, 66.14
What it said to watch
An hourly close above 65.98 would extend the breakout toward the 66.14 week high
Loss of the 65.18 asia low and the 65.14 ema20 would break the higher-low sequence
Fed's Bowman 07:30 GMT and US Industrial Production 13:15 GMT (f/c +0.3%) are the near-term yield-driven risks to this read
Higher highs and higher lows since Wednesday's post-Fed low; flagging under the week high.
Silver was dumped almost two full dollars into 62.30 on Wednesday's hawkish Fed hike and dot plot, then reclaimed the entire move as the crude-led yield pullback took hold — Thursday's NY session drove price through the 64.90 pre-fed high in one impulse to a 66.137 week high. The last several bars have flagged sideways between the 65.18 range low and the 65.95 prior high, with RSI(14) easing back to 65 from the high-60s while price stays above EMA(20) at 65.10. Weekly open at 64.02 now sits some 180 pips below spot, so the week's dominant leg is the Thursday recovery, not the Fed drop.
Support: 65.18, 65.10, 64.90
Resistance: 65.95, 66.137
What it said to watch
An H1 close below the 65.18 range low would break the higher-low sequence built off Wednesday's low
Acceptance above the 66.137 week high extends the impulse; repeated failure there caps the flag
Loss of EMA20 at 65.10 would be the first sign the Thursday impulse is stalling
Fed's Bowman 07:30 GMT and US Industrial Production 13:15 GMT could materially shift this read
Higher highs/higher lows, now consolidating under week high.
Wednesday's hawkish FOMC dot plot drove the flush to 62.30, but the NY session yesterday produced the dominant move of the week — a near-3-dollar impulse off 63.04 that squeezed through the 64.76 breakout level and the 65.30 cap into a 66.14 week high as the crude-driven rebound and softer yield pressure fed back into the metal. Price has since gone sideways in a tight 65.18–65.46 band through the Asia session, holding above EMA(20) with RSI(14) rolling off the high-70s toward 67. The 65.95 prior high is the immediate ceiling on this consolidation.
Support: 65.18, 64.76
Resistance: 65.95, 66.14
What it said to watch
An hourly close above 66.14 week high would extend the impulse structure
Loss of the 65.18 range low would put the 64.76 breakout level back in focus as a retest
Fed's Bowman at 07:30 GMT and US Industrial Production at 13:15 GMT are the near-term event risks for this read
RSI(14) rolling under 50 while price holds range would flag momentum divergence with the higher-high structure