Lower highs since reopen inside 56.93–58.03 range.
A late-NY sweep to the 56.93 flush low reversed sharply to a 58.03 NY high. Early Asia has since faded from the 57.88 reopen high in a chain of lower highs, retracing about half that rebound to the 57.51 session low, with 57.61 the latest lower high. The $58 area capping again fits the firmer-yields and oil pressure in the digest; RSI(14) is near 44 and ATR(14) about 137 pips.
Support: 57.507, 57.303, 56.93
Resistance: 57.611, 57.882, 58.028
What it said to watch
M15 close below the 57.50 session low exposes the 61.8% fib and NY swing low around 57.35–57.30
Close above the 57.61 lower high and the lower-highs trendline neutralises the Asia fade, with the 57.88 reopen high next and the 58.03 NY high above
Loss of 57.30 puts the 56.93 flush low back in play
US Initial Jobless Claims Thu 12:30 UTC, plus overnight oil/Hormuz headlines, could materially shift this read
Lower highs and lower lows since the daily reopen, retracing the 56.93–58.03 leg.
A late-NY flush to 56.93 swept the 57.09 overnight low and fully reversed to a 58.028 session high, where it met rejection. Since the reopen, Asia session trade has faded from 57.85 to near the 38.2% retrace at 57.61, holding just above the 57.53 asian low. Firmer US yields and a stronger USD have kept silver capped below 58.
Support: 57.53, 57.48, 57.30
Resistance: 57.85, 58.03
What it said to watch
Failure to hold the 57.53 asian low exposes the 57.48 50% fib, then the 57.30 prior lows
A recovery above the 57.85 reopen level puts the 58.03 session high back in play
US Initial Jobless Claims Thu 12:30 UTC (f/c 200K) could materially shift this read
23:18 UTC
Intraday pullback after a sharp v-reversal · RSI 47 · price 57.601
Lower highs since the daily reopen, fading the NY sweep rally.
Late NY swept to 56.93, then reversed to a 58.03 prior high into the daily break. Early Asia has printed lower highs back to the 38.2% fib with RSI(14) near 47, as firmer yields and USD keep silver capped below $58.
Support: 57.534, 57.479, 57.303
Resistance: 57.70, 57.882, 58.03
What it said to watch
Failure to hold the 57.534 asia low exposes the 57.479 fib 50% and the 57.303 ny low
A close above the ema20 near 57.70 and the lower highs line breaks the Asia fade toward the 57.882 reopen high
Rejection again at the 58.03 prior high keeps the sweep rally capped
US Initial Jobless Claims Thu 12:30 UTC (f/c 200K) could materially shift this read
V-recovery from 56.93 sweep capped at 58.03; lower highs since reopen.
A late-NY flush to the 56.93 swing low was fully reversed into a 58.03 high, just under the window's prior high near 58.06. Early Asia has since faded from the 57.88 reopen high to a 57.66 session low. Price is about 31% into the rally's retracement, below EMA20 with RSI(14) near 46, as rising US yields keep silver capped below $58.
Support: 57.657, 57.30, 56.93
Resistance: 57.882, 58.03
What it said to watch
Holding 57.61, the 38.2% fib of the 56.93–58.03 rally, keeps the rebound structure intact; a break of the 57.66 session low points there
Loss of the 57.30 ny range low reopens the 56.93 swing low
A close back above the 57.88 reopen high puts the 58.03 prior high back in play
Initial Jobless Claims Thu 12:30 UTC (f/c 200K) could materially shift this read
V-reversal off 56.93 sweep low, pullback below 58.03 late high.
A late-NY flush took out the London low at 57.09 and printed a 56.93 sweep low. It reversed fully to a 58.03 late high before the daily break. Early Asia session has faded from the 57.88 reopen high to 57.70, between the 23.6% and fib 38.2 levels of the rebound, with RSI(14) flat near 49 and firmer yields keeping silver capped below 58.
Support: 57.61, 57.48, 56.93
Resistance: 57.88, 58.03
What it said to watch
Failure to hold fib 38.2 at 57.61, then fib 50 at 57.48, puts the 56.93 sweep low back in play
M15 close above the 57.88 reopen high and the 58.03 late high would invalidate the fading-rebound read
Thu 12:30 UTC jobless claims (f/c 200K), plus yield, oil and Iran headlines, could materially shift this read
22:32 UTC
Intraday range, pulling back from rebound high · RSI 51 · price 57.741
V-shaped reclaim after flush low at 56.93, lower high forming under 58.03.
Late NY session flushed below the Asian low to the 56.93 flush low, then reclaimed the whole move to a 58.03 NY high. Early Asia is fading off that high, testing ema20 near 57.73 and the 57.70 pivot just under the 23.6% retrace, with firmer yields and USD keeping silver capped below $58.
Support: 57.70, 57.54, 56.93
Resistance: 57.88, 58.03
What it said to watch
Failure to hold the 57.70 pivot exposes the 57.54 breakout base and the 50% retrace near 57.48
Close back above the 57.88 open high, then the 58.03 NY high, removes the lower-high read under $58
US Initial Jobless Claims Thu 12:30 UTC (f/c 200K) could materially shift this read
Late-NY sweep to 56.93 reversed to 58.028; Asia reopen consolidating 57.80–57.88.
Late NY swept the Asian low at 57.09 down to a 56.93 sweep low, then reversed in a V to a 58.028 session high. The Asia reopen is holding 57.82, just above the 23.6% fib and the 57.795 swing low, with supply capping below 58.059 prior high as firmer yields keep rallies toward $58 contained.
Support: 57.795, 57.303, 56.93
Resistance: 58.028, 58.059
What it said to watch
M15 close below 57.795 swing low puts the 38.2% fib near 57.61 and the 57.30 ny low back in play
Close above 58.028 session high and 58.059 prior high breaks the cap that has held below $58
Thu 12:30 UTC US jobless claims (f/c 200K) is the next scheduled driver
Late-NY false break below Asian low, reversal through 57.85 range top.
Asia sold off from the 58.06 Asian high to 57.09. London and NY then held a 57.18–57.85 range as firmer yields and USD capped the metal. A late-NY spike to 56.93 swept the Asian low and fully reversed through the 57.85 range top, and price is back testing the Asian high into the daily close with RSI(14) near 63.
Support: 57.85, 57.09, 56.93
Resistance: 58.06
What it said to watch
M15 close above the 58.06 Asian high extends the recovery beyond the day's range
Slip back below the 57.85 range top returns price to the London/NY range
Loss of the 57.09 Asian low and the 56.93 spike low negates the false break read
Thu 12:30 UTC Initial Jobless Claims (f/c 200K) could shift yields and the USD
V-reversal from sweep low, pressing top of day range.
Late NY flushed through the asian low at 57.09 to a 56.93 sweep low. Price then fully reversed the drop and closed the day near 57.97, just under the 58.06 asian high, with higher lows along rally support into the 57.795 swing low. The digest has elevated yields and oil-driven Fed-hike pricing capping silver beneath the 58.18 weekly high.
Support: 57.795, 57.092, 56.93
Resistance: 58.059, 58.18
What it said to watch
M15 close above the 58.06 asian high puts the 58.18 weekly high in play as the next rejection test
Break of rally support and the 57.795 swing low would stall the reversal and shift focus back toward 57.09
Return below the asian low reopens the 56.93 sweep low
Daily break then thin Asia open; Thu 12:30 UTC jobless claims (f/c 200K) is the next scheduled US risk
V-shaped reversal from 56.93 spike low; higher lows, now above the 57.82 range top.
A late-NY flush to the 56.93 spike low swept the Asian low at 57.09 and fully reversed. Price reclaimed the 57.82 range top and is pressing the 58.06 Asian high into the session close, with RSI(14) near 62 and not stretched. The recovery fib puts its 50% at 57.48, and the 58.18 weekly high, where rallies have stalled this week on firm yields and oil, sits just above.
Support: 57.82, 57.48, 56.93
Resistance: 58.059, 58.18
What it said to watch
M15 close above the 58.06 asian high brings the 58.18 weekly high into play
Slip back below the 57.82 range top returns price to the prior intraday range
Loss of the 57.48 fib 50% on the recovery fib exposes the 56.93 spike low
Daily rollover liquidity is thin; next scheduled US catalyst is Thursday 12:30 UTC jobless claims (f/c 200K)
Late-NY flush below Asian low reversed, NY range top reclaimed.
A late-NY flush took out the 57.09 Asian low to a 56.93 sweep low and was fully reversed within the hour. Price has reclaimed the 57.85 NY range top and is pressing the 57.98 Asian high, with the 58.06 prior high and the 58.18 prior cap above, on a soft USD backdrop after Tuesday's housing misses. RSI(14) is near 62, short of stretched.
Support: 57.85, 57.32, 56.93
Resistance: 57.984, 58.059, 58.18
What it said to watch
M15 close above the 58.06 prior high exposes the 58.18 prior cap, where buyers failed to extend this week
Slip back below the 57.85 range top returns price to the 57.32–57.85 NY range, with the range floor at 57.32
Loss of the 56.93 sweep low would negate the recovery read
Meta earnings tonight and Thu 12:30 UTC jobless claims (f/c 200K) could shift USD and yields
False break below session low, higher lows since 56.93 sweep.
A late-NY flush to 56.93 swept the 57.092 session low and reversed in a V rebound. Silver has reclaimed the 57.85 NY high and is pressing the 58.059 Asia high, with RSI(14) near 61 and a soft USD undertone behind the bounce. Repeated failures at the 58.18 weekly high keep the broader range intact.
Support: 57.849, 57.092, 56.93
Resistance: 58.059, 58.18
What it said to watch
M15 close above the 58.059 Asia high exposes the 58.18 weekly high
Slip back below the 57.85 NY high returns price to the day's range and brings the 57.092 session low back into view
Loss of the 56.93 sweep low negates the false-break read
Meta earnings tonight and Thu 12:30 UTC jobless claims (f/c 200K) could shift yields and USD and alter this read
Late-NY sweep below Asian low reversed into a break above the London/NY range top.
A late-NY flush to the 56.93 spike low swept the Asian low and the 57.30 range floor, then reversed hard through the 57.82 prior high, with the soft USD tone underpinning the rebound. Price is now holding the 57.94 session high just under the 58.06 Asia high, and RSI(14) near 60 is not stretched.
Support: 57.82, 57.30, 56.93
Resistance: 57.938, 58.059, 58.18
What it said to watch
M15 close above the 58.06 asia high clears the day's range and exposes the 58.18 weekly high
Slip back below the 57.82 prior high would turn the breakout into a false break and bring the 57.30 range floor back into focus
A move back toward the 56.93 spike low would undo the full rebound
Meta earnings tonight and Thu 12:30 UTC jobless claims could shift USD and yields and change this read
20:32 UTC
V-shaped recovery off a late-NY flush · RSI 58 · price 57.838
Sweep below the 57.09 Asian low, reclaim of the day's range top.
Silver held a 57.09–57.85 range through London and NY, then a late-NY flush swept the range floor to the 56.93 sweep low and fully reversed within the hour to a 57.94 rebound high. Price is now consolidating just above the 57.82 pre-drop hi, with the 58.00 round number and the 58.06 asia high overhead. RSI(14) is cooling to 58 after the spike.
Support: 57.82, 57.43, 56.93
Resistance: 57.94, 58.00, 58.06
What it said to watch
M15 close back below the 57.82 pre-drop hi returns price to the prior range
Failure to hold the fib 50% at 57.43 would undo most of the rebound and put the 56.93 sweep low back in play
Clearance of the 58.00 round number and the 58.06 asia high would take out the window's top
Meta Q3 earnings tonight could spill into USD and yields via AI sentiment
A late-NY flush to the 56.930 spike low swept the Asian low at 57.092 and reversed within the hour. The rebound has taken price through the 57.849 prior high that capped the London and NY range, in line with the soft USD undertone. Silver is pressing the 57.934 session high, with RSI(14) near 59 and ATR elevated at ~187 pips after the spike.
Support: 57.849, 57.30, 56.93
Resistance: 57.934, 58.00, 58.059
What it said to watch
M15 close back below the 57.849 prior high returns price to the 57.30–57.85 range
Break of the 57.934 session high exposes the 58.00 round number and the 58.059 day high
Failure at the 57.30 range low (61.8% of the rebound) reopens the 56.930 spike low
US Initial Jobless Claims Thu 12:30 UTC (f/c 200K) could materially shift this read
20:03 UTC
V-shaped rebound after a late-NY flush · RSI 59 · price 57.887
False break below the $57.00 floor reversed; price back above the day's range top.
Late in the NY session silver flushed from 57.79 through the 57.09 Asian-session low and the $57.00 range floor to a 56.93 spike low. The break failed within an hour, and price is now holding above the 57.85 ny high, just under the 57.925 rebound high. Earlier in the day yield-driven weakness kept price in a 57.30–57.85 range. RSI(14) is near 59 after the recovery, and ATR has expanded to about 185 pips on the spike.
Support: 57.849, 57.545, 56.93
Resistance: 57.925, 57.984, 58.059
What it said to watch
A close back below the 57.849 ny high returns price to the 57.30–57.85 day range
A break of the 57.925 rebound high exposes the 57.984 asian high and the 58.059 day high near the $58.00 cap
A slide through the 57.545 fib 38.2 retracement of the spike recovery would signal the rebound fading
Losing the 56.93 spike low again turns the false break into a confirmed range breakdown
US Initial Jobless Claims Thu 12:30 UTC (f/c 200K) is the next scheduled risk to this read
False break below 57.00 reclaimed; testing above 57.42–57.82 NY range.
Late in NY hours, an 18:45 UTC flush broke the 57.00 floor and swept the Asian low at 57.09 to a 56.93 sweep low. Price then reversed to a 57.92 spike high within three bars, recovering the full drop on a soft USD undertone. It now sits just above the 57.42–57.82 NY range top, with RSI(14) at 59 and well off extremes.
Support: 57.82, 57.42, 56.93
Resistance: 57.923, 58.00, 58.059
What it said to watch
A close above the 57.92 spike high exposes the 58.00 round number and the 58.06 Asian high
A slip back below the 57.82 range top brings the 38.2% rebound fib (57.54) and the 57.42 range low into view
Failure to hold the 56.93 sweep low would negate the false-break read
US Initial Jobless Claims Thu 12:30 UTC (f/c 200K) are the next scheduled risk for this structure
Sweep below 57.00 reclaimed, retesting broken NY floor.
Late in the NY session, a flush from the 57.82 ny high broke the 57.30–57.42 ny floor and swept the 57.09 asia low and the $57.00 round number to 56.93 before a fast reclaim. Price is now retesting the underside of the ny floor near the 50% retrace of the drop, with RSI(14) back near 45 and ATR running about 180 pips. The flush fits the digest's read of firmer yields and USD on oil-driven inflation fears.
Support: 57.092, 57.00, 56.93
Resistance: 57.42, 57.82
What it said to watch
An M15 close back above the 57.42 ny floor puts the 57.82 ny high back in play.
Rejection at the ny floor and a loss of the 57.09 asia low would turn the 56.93 sweep low into a genuine break below the $57.00 round number.
Meta earnings after the US close could jolt yields and the USD and shift this read.
Initial Jobless Claims are due Thu 12:30 UTC (f/c 200K).
Intraday range floor broken, price testing Asian session low.
A single late-NY bar flushed silver from 57.82 to 57.13, slicing through the 57.30 range floor that capped London and NY lows. Price now sits on the 57.09 Asian low with RSI(14) near 34. The move fits the digest's yield- and oil-driven pressure, with 57.00 range support just below.
Support: 57.092, 57.00
Resistance: 57.303, 57.46, 57.849
What it said to watch
M15 close back above the 57.30 range floor would mark the flush as a false break
Acceptance below the 57.09 Asian low exposes 57.00 range support
Recovery through the 50% retrace at 57.46 of the late flush puts the 57.85 NY high back in play
Meta earnings after the US close and Thu 12:30 UTC jobless claims could shift yields and this read
Silver has recovered from the 57.09 day low that followed the Asia-session selloff. Late in the NY session, rising lows off the 57.30 ny low have walked price up to the 57.85 ny high, close to the 78.6% retrace of the 58.06–57.09 drop, with RSI(14) near 61 and a stalling dollar after soft housing data giving room for the bounce.
Support: 57.62, 57.49, 57.30
Resistance: 57.85, 58.06
What it said to watch
M15 close above the 57.85 ny high clears the 78.6% fib of the drop and puts the 58.06 asia high in play
Loss of the 57.62 higher low and the rising lows line exposes the 57.49 swing low, then the 57.30 ny low
Oil and US-Iran headlines are the main swing factor before Thu 12:30 UTC jobless claims (f/c 200K)
Higher lows compressing under the 57.76 intraday cap.
Silver has printed higher lows off the 57.09 Asian low, through the 57.30 NY low and 57.42, and is pressing the 57.75–57.76 intraday cap late in the NY session. The London-NY transition spike high at 57.85 sits at the 78.6% retracement of the Asian drop. Firm yields have capped rallies, while a softer USD has kept dips shallow along the rising trendline.
Support: 57.52, 57.303, 57.092
Resistance: 57.76, 57.849, 58.059
What it said to watch
M15 close above the 57.76 intraday cap opens the 57.85 spike high, with the 58.06 Asian high beyond
Break of the rising trendline near 57.52 and the 57.30 NY low would end the higher-low sequence
Loss of 57.09 Asian low would put the session back into the broader downtrend
Thu 12:30 UTC jobless claims (f/c 200K) could materially shift this read via yields
18:17 UTC
Intraday recovery inside a wider down day · RSI 59 · price 57.689
Higher lows since the 57.303 NY low, compressing under a flat 57.75 range top.
Silver slid from the 58.059 asia high to a 57.092 low before London as yields and the dollar firmed on oil-driven inflation fears. The NY session spike to the 57.849 ny high was rejected. Since the 57.303 ny low, a chain of higher lows (57.413 swing low, 57.568 higher low) has pressed late-NY price into a range top near 57.75, capped three times, with RSI(14) a neutral 58.7.
Support: 57.568, 57.413, 57.303
Resistance: 57.756, 57.849, 58.059
What it said to watch
M15 close above 57.756 range top breaks the compression and opens the 57.849 ny high, then the 58.059 asia high
Failure to hold the 57.568 higher low and the rising higher-lows line returns focus to the 57.413 swing low and 57.303 ny low
Thu 12:30 UTC jobless claims (f/c 200K) and any oil/Iran headline via yields could materially shift this read
18:03 UTC
Recovering from Asia selloff, coiling · RSI 56 · price 57.637
Higher lows from 57.09 against lower highs from 57.85, contracting.
Asia session sold off from the 58.06 asia high to a 57.09 day low just before London, with firmer yields and oil reviving hike fears. Since then lows have stepped up to 57.30 (ny low) and 57.41 (higher low), while the 57.85 ny high spike and the 57.75 lower high cap price under the descending line, near the 61.8% of the Asia selloff fib. Late NY trade sits mid-coil at 57.64.
Support: 57.413, 57.303, 57.092
Resistance: 57.751, 57.849, 58.059
What it said to watch
M15 close above the 57.75 lower high breaks the descending line and opens the 57.85 ny high
Loss of the 57.41 higher low ends the rising-lows sequence and exposes the 57.30 ny low, then the 57.09 day low
NY close into the thinner Asia session tends to keep the coil intact
US jobless claims Thu 12:30 UTC sit beyond this window but could reset the read
17:47 UTC
Sideways after Asia selloff, compressing · RSI 51 · price 57.597
Higher lows vs lower highs inside the NY range, after London close.
Silver slid from the 58.06 Asia high to a 57.09 day low as yields and the USD recovered. London and NY have stayed inside that Asian range. NY has carved higher lows from 57.30 to 57.42 against lower highs from 57.85 to 57.75, with price coiling near 57.60 and RSI(14) flat at 51.
Support: 57.42, 57.30, 57.092
Resistance: 57.75, 57.849, 58.059
What it said to watch
M15 close above the 57.75 lower high breaks the compression and puts the 57.85 NY high back in play
Failure to hold the 57.42 higher low reopens the 57.30 NY low, with the 57.09 day low below
Recovery toward the 58.06 Asia high needs a clean break of the NY high first
Jobless claims Thu 12:30 UTC is the next scheduled US risk; yields and oil remain the intraday drivers
Higher lows into lower highs off the NY high, coil roughly 57.42–57.75.
The Asia sell-off from the 58.06 asia high bottomed at the 57.09 day low before London. Since then, higher lows (57.18, the 57.30 ny low, 57.42) along a rising line have met lower highs from the 57.85 ny high, a rejection at the 78.6% retrace of the Asia drop. That has left price coiled between 57.42 and 57.75 after London close, sitting on EMA20 with RSI(14) neutral near 52 as firmer yields and USD cap rebounds.
Support: 57.41, 57.30, 57.09
Resistance: 57.75, 57.85, 58.06
What it said to watch
M15 close below the rising line near 57.41 breaks the higher-low chain and exposes the 57.30 ny low, then the 57.09 day low
Close above the 57.75 lower high breaks the coil; the 57.85 ny high and 78.6% fib sit next, with the 58.06 asia high beyond
Meta earnings after the US close and any oil/yield swing could break the compression; US jobless claims Thu 12:30 UTC
17:17 UTC
Range after Asia sell-off, compressing · RSI 54 · price 57.575
Lower highs from 57.85 NY high against higher lows from 57.30 NY low.
The Asia drop from the 58.06 reopen high to a 57.09 day low near London open has given way to a 57.30–57.85 range through NY. Lower highs at 57.75 and higher lows from the 57.30 NY low are compressing price at the 50% retracement near 57.58, with firmer yields and oil keeping the bounce shallow. RSI(14) is neutral at 54.
Support: 57.413, 57.303, 57.092
Resistance: 57.69, 57.751, 57.849
What it said to watch
M15 close above the 57.75 lower high breaks the compression and exposes the 57.85 NY high; the 61.8% fib at 57.69 sits just beneath
Failure to hold the 57.41 higher low returns focus to the 57.30 NY low and the 57.09 day low
Yield and oil headlines, plus Meta earnings tonight, could break the range; jobless claims follow Thu 12:30 UTC
17:05 UTC
Intraday range, compressing after Asia sell-off · RSI 50 · price 57.569
Lower highs and higher lows since NY open, contracting inside the Asian range.
Silver slid from the 58.059 Asian high to a 57.092 Asian low into London open as yields and the USD recovered, then rebounded through London. Since the 57.849 NY high, price has compressed with a lower high at 57.736 and a higher low at 57.413 above the 57.303 NY low. It now sits mid-range at 57.57 with RSI(14) flat near 50.
Support: 57.413, 57.303, 57.092
Resistance: 57.736, 57.849, 58.059
What it said to watch
M15 close below the 57.413 higher low breaks the compression and exposes the 57.303 NY low
Close above the 57.736 lower high reopens the 57.849 NY high, then the 58.059 Asian high
Loss of the 57.092 Asian low resumes the Asia-session downswing
Meta earnings tonight and US 10y yield moves can break the contraction during late NY hours
16:47 UTC
Sideways after Asia slide, compressing · RSI 49 · price 57.592
NY lower highs and higher lows coiling inside the Asian range.
Silver slid through the Asia session to 57.09 and has since chopped inside the Asian range. NY hours show lower highs from the 57.85 session high to 57.75 and 57.74, against higher lows at the 57.30 NY low and 57.41, with price coiling just above EMA20 and RSI(14) flat near 49 as recovering yields and USD cap rebounds.
Support: 57.413, 57.303
Resistance: 57.751, 57.849
What it said to watch
M15 close above the 57.75 lower high breaks the coil and puts the 57.85 session high back in play
Failure to hold the 57.41 higher low exposes the 57.30 NY low and the lower half of the Asian range
Meta earnings after the US close could jolt risk and yields; Thu 12:30 UTC jobless claims is the next scheduled USD risk
Lower highs from NY high, higher lows from NY low, coiling near 57.50.
Silver slid from the 57.98 Asian high to a 57.09 session low as yields and USD recovered. It then broke out of the 57.18–57.40 London base. The NY open spike to the 57.85 NY high was rejected, and price is now compressing after London close between a lower high at 57.75 and a higher low at 57.41, sitting at EMA20 with RSI(14) neutral near 46.
Support: 57.413, 57.303, 57.092
Resistance: 57.751, 57.849, 57.984
What it said to watch
M15 close above the 57.751 lower high breaks the compression and puts the 57.849 NY high back in play, with the 57.984 Asian high beyond
Failure to hold the 57.413 higher low exposes the 57.303 NY low, then the 57.092 session low
Meta Q3 earnings tonight could jolt yields and USD, the main drivers of silver's intraday swings
ATR near 170 pips means a range edge can be tested within one or two bars
16:03 UTC
Sideways after Asian selloff, range contracting · RSI 53 · price 57.542
NY lower highs and higher lows inside 57.30–57.85.
Silver sold off in the Asia session from the 58.059 asian high to the 57.092 asian low as yields and the USD recovered. London and NY rebuilt to around the 50% retrace of that asia drop near 57.58. NY trade is compressing between the 57.849 ny high and the 57.303 ny low, with a rejection at the 57.751 lower high, a higher low at 57.388 and RSI(14) neutral near 53.
Support: 57.388, 57.303, 57.092
Resistance: 57.751, 57.849, 58.059
What it said to watch
M15 close above the 57.751 lower high and the 57.849 ny high breaks the NY contraction and puts the 58.059 asian high back in view
Failure to hold the 57.388 higher low and the 57.303 ny low reopens the 57.092 asian low and the $57.00 handle
Meta earnings after the US close could move yields and the USD and shift this read
15:47 UTC
Sideways after Asia selloff, coiling · RSI 54 · price 57.576
Lower highs from 57.849, higher lows from 57.176 — tightening range.
Silver dropped from the 58.059 Asian high to a 57.092 low before London. It has since built higher lows off the 57.176 London low, while the 57.849 session high early in NY was followed by a lower high at 57.751. Price is coiling near 57.58, still inside the Asian range, as firmer yields and oil near recent highs keep upside capped.
Support: 57.388, 57.303, 57.176
Resistance: 57.751, 57.849, 58.059
What it said to watch
M15 close above the 57.751 lower high and the 57.849 session high breaks the lower-highs line and puts the 58.059 Asian high back in view
Failure to hold the 57.388 higher low, then the 57.303 NY low, reopens the 57.176 London low and the 57.09 day low
London close and Meta earnings after the US close could jolt yields and break the coil
US 10y yield and WTI swings remain the main intraday drivers of silver
15:32 UTC
Recovering from Asia low, higher lows intact · RSI 55 · price 57.657
Higher-low chain from 57.092, ranging 57.30–57.85 in NY.
Asia sold off to a 57.092 day low as firm yields weighed on silver. Since then higher lows have formed at 57.176, 57.303 (ny low) and 57.388, but the NY spike to the 57.849 session high was rejected. Price is back at 57.66, just under the 57.723 prior high, with RSI(14) neutral near 55.
Support: 57.388, 57.303, 57.092
Resistance: 57.723, 57.849, 58.00
What it said to watch
M15 close above the 57.849 session high breaks the NY range top and brings the 58.000 round number into view
Loss of the 57.303 ny low breaks the higher-low chain and exposes the 57.092 day low
Thu 12:30 UTC jobless claims (f/c 200K) is the next scheduled US risk, and moves in US yields remain the driver into it
15:17 UTC
Intraday range, lower highs since early NY · RSI 44 · price 57.443
Lower highs off 57.85 NY high inside a 57.30–57.85 range.
Silver spiked to the 57.85 NY high in early NY but met rejection and has printed lower highs since. It now sits at 57.44, mid-NY session, between the 57.30 NY low and the 57.66 lower high, just under flat EMA20/50 and near the 50% fib of the day low–NY high move. Firmer yields and a steadier USD have kept rebounds shallow after the late-Asia 57.09 day low.
Support: 57.30, 57.09
Resistance: 57.66, 57.85, 58.06
What it said to watch
Failure to hold the 57.30 NY low reopens the 57.09 day low
M15 close above the 57.66 lower high breaks the lower-high trendline and exposes the 57.85 NY high
Recovery through 57.85 brings the 58.06 asian high back into view
Meta Q3 earnings after the US close could shift yields and USD and jolt this read
14:47 UTC
Sideways after Asia slide, momentum neutral · RSI 47 · price 57.525
Lower high 57.66 vs higher lows 57.09/57.30, compressing inside the Asian range.
The London-NY transition ny spike to 57.85 was rejected within the hour, and price fell back to the 57.30 intraday low before recovering to 57.52 mid-NY session. The 57.66 lower high against rising lows off the 57.09 asia low is squeezing price inside the 57.09–58.06 Asian range, with firm US yields and USD keeping silver heavy.
Support: 57.303, 57.092, 57.00
Resistance: 57.663, 57.849, 58.059
What it said to watch
M15 close above the 57.66 lower high and descending line breaks the compression; 57.85 ny spike then 58.06 asia high sit above
Failure to hold the 57.30 intraday low exposes the 57.09 asia low and 57.00 psych
Initial Jobless Claims Thu 12:30 UTC (f/c 200K) is the next scheduled risk to this read
14:32 UTC
Down from 58.59, paused in a range · RSI 54 · price 57.661
57.30–57.85 range, higher lows off 57.09.
Silver slid from the 58.06 Asian high to a 57.09 session low as firmer yields weighed, then settled into a 57.30–57.85 range through London and the first hour of NY. The double low at 57.30 held, and the NY high at 57.85 met rejection at the 50% retracement of the 58.59–57.09 drop. Price sits mid-range near the 38.2% level at 57.66, with RSI(14) neutral at 54.
Support: 57.30, 57.092
Resistance: 57.849, 58.059, 58.592
What it said to watch
M15 close above the 57.85 ny high clears the 50% fib and the range top, exposing the 58.06 asian high and then the 58.59 prior high
Failure to hold the 57.30 double low breaks the higher lows line and reopens the 57.09 session low
No US data in the next 8h; Thu 12:30 UTC jobless claims are the next scheduled risk
14:17 UTC
Sideways, rising lows since London open · RSI 48 · price 57.473
Range inside Asian range, NY high rejected.
Silver is still trading inside the Asian range. The 57.85 NY high was rejected back to the 57.30 NY low, and price now sits on the 50% fib of the day low–NY high leg. Rising lows from the 57.09 day low are intact, while firm US yields and a steadier USD keep rallies capped.
Support: 57.30, 57.092
Resistance: 57.72, 57.849
What it said to watch
M15 close below the 57.30 NY low breaks the rising lows and exposes the 57.09 day low
M15 close above the 57.72 London high reopens the 57.85 NY high
US Initial Jobless Claims Thu 12:30 UTC could materially shift this read
Lower highs from 58.06 Asian high; 57.18–57.85 range since London.
Asia sold off from 58.06 to the 57.09 Asian low as oil-driven inflation and Fed-hike fears weighed on silver. London built a base near 57.18 and lifted to 57.72. The NY-open spike to the 57.85 NY high was a false break of the London high and has retraced to the 61.8% fib near 57.43, with the 57.32 swing low next below and price under both EMAs.
Support: 57.318, 57.18, 57.092
Resistance: 57.723, 57.849
What it said to watch
Loss of the 57.32 swing low exposes the 57.18 London base and the 57.09 Asian low
Recovery back above the 57.72 London high negates the false-break read; 57.85 NY high caps above
Lower highs from the 58.06 Asian high stay intact while price holds below 57.85
Meta Q3 earnings later today and moves in US yields could shift this read
13:47 UTC
Intraday recovery off 57.09, NY push faded · RSI 56 · price 57.568
Higher highs and higher lows since the 57.09 session low; pullback to the 38.2% retracement.
Silver bled from the 58.06 Asia high to a 57.09 session low near London open as oil-driven Fed-hike fears weighed. Since then it has printed higher lows at 57.18 and 57.32 and higher highs at the 57.72 London high and 57.85 NY high. The NY-open push met rejection at 57.85 and has retraced to the 38.2% level near 57.56, with RSI(14) neutral at about 56.
Support: 57.47, 57.318, 57.092
Resistance: 57.723, 57.849, 58.059
What it said to watch
Hold of the 57.47 fib 50% keeps the higher-low chain intact; a break below the 57.32 higher low ends it and puts the 57.09 session low back in play
M15 close above the 57.85 NY high reopens the 58.06 Asia high
Meta Q3 earnings later today and any US-Iran/oil headlines could swing yields and silver
Rising-lows trendline from 57.09 sits near 57.27 this bar
13:33 UTC
Intraday recovery, higher lows since London open · RSI 61 · price 57.594
HL chain off 57.092 day low; NY spike rejected below 57.85.
The overnight slide on oil-driven Fed-hike fears ran out at the 57.092 day low into London open, and silver has since printed higher lows at 57.176 and 57.318. The first hour of NY spiked to a 57.849 NY high, but the wick was rejected back below the 57.723 London high. Price sits near 57.60 with RSI(14) around 61, holding above both EMAs.
Support: 57.318, 57.176, 57.092
Resistance: 57.723, 57.849, 58.059
What it said to watch
An M15 close back above the 57.849 NY high reopens the 58.059 Asia high, which capped Asian trade before the selloff.
Failure to hold the 57.318 swing low breaks the higher-low trendline and puts the 57.176 higher low and 57.092 day low back in play.
The 57.47–57.38 zone is the 50–61.8% fib retracement of the London-NY leg up; a hold there keeps the HL structure intact.
Meta Q3 earnings after the US close and oil/Iran headlines could materially shift USD and yields, and with them this read.
13:17 UTC
Intraday recovery, higher lows since late Asia · RSI 64 · price 57.73
HH/HL chain off the 57.09 day low, testing the 57.85 session high.
Silver extended Tuesday's fade from the 58.59 weekly high through Asia on oil-driven inflation fears, bottoming at the 57.09 day low near the London open. Since then rising lows at 57.18 and the 57.32 swing low carried price through the 57.64 prior high in early NY hours. The spike to 57.85 met a rejection wick, and price is holding mid-range of the London-NY leg.
Support: 57.64, 57.32, 57.09
Resistance: 57.85, 58.06, 58.59
What it said to watch
M15 close above the 57.85 session high exposes the 58.06 asian high
Slip back below the 57.64 prior high turns the NY breakout into a false break
Break of the 57.32 swing low and the rising lows trendline reopens the 57.09 day low
Meta Q3 earnings tonight could swing USD via AI sentiment and shift this read
13:04 UTC
Intraday recovery after Asian selloff · RSI 62 · price 57.703
Higher lows off 57.18 double bottom, pressing session high.
Asia sold off from the 58.06 asian high to 57.09 as oil-driven Fed-hike fears weighed. London based twice near the 57.18 london low, and the 12:30 UTC dip held a higher low at 57.32. Early NY session is now pressing the 57.72 session high, which sits on the 61.8% fib retracement of the Asian decline.
Support: 57.318, 57.176, 57.092
Resistance: 57.723, 58.059
What it said to watch
M15 close above the 57.723 session high clears the 61.8% fib and opens the 58.00–58.06 asian high zone
Break below the 57.318 higher low cuts the rising trendline; loss of the 57.176 london low voids the double bottom and exposes the 57.092 asian low
Meta Q3 earnings after the US close could shift USD and risk tone; Thu 12:30 UTC jobless claims follow
12:47 UTC
Intraday downtrend from 58.59, short-term base forming · RSI 53 · price 57.435
Higher lows off 57.09 London low; pullback from 57.72.
Silver kept unwinding Tuesday's 58.59 spike, sliding from the 57.98 Asia high to a 57.09 London low as oil-driven Fed-hike fears weighed. London then built higher lows into a 57.72 high, which was rejected. The London-NY transition pullback low at 57.32 sits near the 61.8% of that leg, with price pinned at EMA20 and RSI(14) neutral near 53.
Support: 57.318, 57.176, 57.092
Resistance: 57.723, 57.984
What it said to watch
A break below the 57.18 higher low ends the London higher-low sequence and exposes the 57.09 London low
A close above the 57.72 London high reopens the 57.98 Asia high
WTI/Iran headlines are the main intraday swing factor; Thu 12:30 UTC jobless claims are the next scheduled US risk
12:32 UTC
Downtrend, London bounce fading · RSI 47 · price 57.369
Lower highs from 58.59 spike top; London trading inside Asian range 57.09–58.06.
Silver keeps printing lower highs below yesterday's 58.59 spike top as oil-driven Fed-hike fears weigh. London bounced from the 57.18 london low to a 57.72 session high, then met rejection and has given back more than half that leg into the NY open. Price now sits between the 50% retracement and the 61.8% fib at 57.33, with RSI(14) neutral near 47.
Support: 57.333, 57.176, 57.092
Resistance: 57.723, 57.984
What it said to watch
Failure to hold the 57.33 61.8% fib and the london low at 57.18 breaks the London higher-low line
M15 close below the 57.09 asian low confirms a fresh lower low for the session
Close above the 57.72 session high breaks the lower-high sequence; the 57.98 lower high is next
Oil/Iran headlines and Meta earnings tonight could shift risk tone and yields during NY hours
12:17 UTC
Intraday recovery after Asia selloff, momentum pausing · RSI 58 · price 57.554
Double bottom breakout above 57.48 neckline, pulling back from session high.
Silver slid through Asia from the 58.06 asian high to a 57.09 asian low as oil-driven Fed-hike fears weighed. London then built a double low near 57.18 and broke the 57.48 neckline to a 57.72 session high. Price is easing into the London-NY transition, with the 57.49 pullback low sitting on the 38.2% fib of the London leg.
Support: 57.486, 57.18, 57.092
Resistance: 57.723, 58.059
What it said to watch
M15 close below the 57.49 pullback low undercuts the breakout and reopens the 57.18 double low
Acceptance above the 57.72 session high exposes the 58.06 asian high
Oil/Iran headlines during NY hours and Meta earnings tonight could materially shift this read
12:03 UTC
Intraday recovery, pulling back from session high · RSI 62 · price 57.587
Asia decline ended at 57.09; London formed rising lows and broke the 57.48 range top.
Asia sold off from the 58.06 Asian high to a 57.09 session low near London open, extending the oil-and-yields pressure noted this week. London then printed rising lows near 57.18 and broke the 57.48 range top to a 57.72 session high. Price is now pulling back ahead of NY open with RSI(14) near 62, and the 38.2% fib of the London leg sits on the old range top at 57.48.
Support: 57.48, 57.18, 57.092
Resistance: 57.723, 58.059
What it said to watch
A close back below the 57.48 range top returns price to the London range
A break of the 57.72 session high opens the path toward the 58.06 Asian high
Losing the rising lows near 57.18, then the 57.09 session low, resumes the Asia decline
WTI and US–Iran headlines during NY hours could shift this read; no scheduled US data in the next few hours
London range break higher; retest held; testing the overnight lower high.
Silver spent London basing at 57.18–57.21 above the 57.09 day low, then broke the 57.48 range top at 10:30 UTC. The 57.48 retest held twice on a soft-USD backdrop, and price printed a 57.72 session high, near the 61.8% fib of the 58.06–57.09 overnight decline. RSI(14) at ~64 is not stretched, and the 57.78 lower high from early Asia still caps the rebound.
Support: 57.48, 57.18, 57.09
Resistance: 57.72, 57.78, 58.06
What it said to watch
M15 close above the 57.78 lower high breaks the overnight lower-high sequence and opens 58.06, the asian high
Close back below the 57.48 range top turns the breakout into a false break and puts the 57.18 london lows back in play
Loss of the rising lows line and the 57.09 day low confirms a fresh lower-low
NY open: oil and US–Iran headlines are the likely driver, with no scheduled US data before Thu jobless claims
London higher lows after Asia-session lower lows; 57.48 broken and retested.
The Asia-session slide from 57.98 bottomed at the 57.09 session low early in London. London then printed a higher low at 57.18 and cleared the 57.48 breakout lvl, which held on retest. Price is now pressing the 57.66 swing high at the 61.8% retracement with RSI(14) near 64, while WTI-driven Fed-hike fears keep the broader tone heavy.
Support: 57.48, 57.18, 57.09
Resistance: 57.66, 57.78, 58.06
What it said to watch
M15 close above the 57.66 swing high clears the 61.8% retrace and opens the 57.78 breakdown area, then the 58.06 Asia high
Loss of the 57.48 breakout lvl turns the move into a false break and puts the 57.18 higher low back in play
Break below the 57.09 session low resumes the Asia-session lower-low sequence
No scheduled US data into the NY session; oil and US–Iran headlines are the main driver for this read
11:17 UTC
Rebound off Asian low, momentum firm but not stretched · RSI 58 · price 57.574
Higher lows from 57.09 and 57.18; London broke the 57.44–57.48 cap and is testing the 50% retrace of the Asian slide.
Silver slid through the Asian session from the 58.06 Asian high to the 57.09 Asian low. The drop followed the earlier failure near the 58.59 weekly high, as oil-driven inflation and Fed-hike fears weighed. Through London, demand built a higher low at 57.18, and the 10:30 UTC bar broke the 57.44 breakout level. Price is now sitting on the 50% fib near 57.58, just under the 57.64 session high, with RSI(14) at 58 and nowhere near hot.
Support: 57.44, 57.18, 57.09
Resistance: 57.64, 57.78, 58.06
What it said to watch
M15 close above the 57.64 session high clears the 50% fib and opens the 57.78 swing high, then the 58.06 Asian high
Failure to hold the 57.44 breakout level returns price to the morning 57.18–57.48 range
Break of the 57.18 higher low and the rising support line exposes the 57.09 Asian low
US–Iran and oil headlines remain the main intraday driver with no US data in the next 8h
London base at 57.18 broken higher, retesting breakout near 57.50.
Silver held a 57.09 session low ahead of London. It built a London base at 57.18 on rising London lows, then broke above 57.48 and tagged 57.635, just shy of the 61.8% of the Asian slide. Price is now retesting the breakout near the 50% retracement at 57.54, with oil-driven Fed-hike pressure still in the backdrop after yesterday's rejection near 58.59.
Support: 57.48, 57.18, 57.09
Resistance: 57.635, 57.78, 58.06
What it said to watch
M15 close back below the 57.48 breakout turns the move into a false break
Clearance of the 57.635 session high (61.8% of the Asian slide) opens the 57.78 asia pivot, then the 58.06 asian high
Loss of the 57.18 london base and the rising London lows exposes the 57.09 session low
NY open and oil / US–Iran headlines are the near-term drivers; next scheduled US data is Thu 12:30 GMT jobless claims
10:47 UTC
Intraday downtrend from 58.59, short-term bounce under way · RSI 62 · price 57.612
London range break; first higher low at 57.18 after a lower-high chain.
Silver slid through Asia on oil-driven Fed-hike fears and bottomed at the 57.09 session low. Mid-London it popped through the 57.48 range top and is now pressing the 57.66 swing high, which lines up with the 38.2% fib of the 58.59–57.09 decline. The 57.18 higher low is the first break in the lower-low sequence. RSI(14) is near 62.
Support: 57.48, 57.18, 57.09
Resistance: 57.66, 57.84, 58.06
What it said to watch
M15 close above the 57.66 swing high breaks the lower-high chain and opens the 57.84 50% fib, then the 58.06 asia high
Drop back below the 57.48 range top would mark the pop as a false break
Loss of the 57.18 higher low and the 57.09 session low resumes the downtrend sequence
No US data due this session, so oil and US–Iran headlines are the main swing factor into the NY open
10:32 UTC
Downtrend, stalling in a London range · RSI 54 · price 57.346
Lower highs from 58.06 Asian high; London range 57.18–57.48.
Silver slid from the 58.06 Asian high to a 57.09 session low before London, giving back Tuesday's bounce as firm oil revived hawkish-Fed pressure. London has since held a 57.18–57.48 range, with the London high capping at the 38.2% fib of the drop and the lower highs sequence from 57.66 still intact; price sits just above EMA20 and below EMA50.
Support: 57.18, 57.092, 57.00
Resistance: 57.48, 57.66, 58.059
What it said to watch
Close above the 57.48 London high breaks the range and opens the 57.66 lower high, then the 58.06 Asian high
Failure to hold the 57.18 London low exposes the 57.09 session low and the 57.00 round number
No scheduled US data in the next 8h; US–Iran headlines and WTI swings during NY hours could shift this read
10:03 UTC
Downtrend from Asia, compressing in London · RSI 51 · price 57.278
London consolidation 57.09–57.48, higher lows under a lower-high line.
Silver bled lower through Asia from 58.06 as firmer oil revived Fed-hike fears. The 57.66 spike high was rejected, and the slide printed a london low at 57.09 early in the session. London has since compressed into a 57.09–57.48 range, with a higher low at 57.18 under a falling line of lower highs. Price is pinned around EMA20 near 57.28 and RSI(14) is flat near 51.
Support: 57.18, 57.092, 57.00
Resistance: 57.479, 57.66
What it said to watch
M15 close below the 57.18 higher low breaks the rising trendline and exposes the 57.09 london low, then 57.00 psych
M15 close above the 57.479 session high clears the lower-high line; 57.66 spike high is the next cap
No US data scheduled in the next 8h; NY open and oil/Iran headlines are the likely triggers for a range break
09:47 UTC
Intraday downtrend, basing in London · RSI 52 · price 57.376
Asia lower highs; London higher lows capped under 57.48.
Silver slid from the 58.059 Asia high to a 57.092 session low just before London as firmer oil revived Fed-hike fears, unwinding Tuesday's NY spike to 58.59. Mid-London, price is compressing between a 57.181 higher low and the 57.479 London high. That high sits at the 38.2% fib and capped a probe of the Asia lower-highs trendline. RSI(14) is neutral near 52.
Support: 57.181, 57.092, 57.00
Resistance: 57.479, 57.66, 58.059
What it said to watch
M15 close above the 57.479 london high and the Asia lower-highs trendline opens the 57.66 swing high near the 61.8% fib
Reclaim of the 58.059 asia high would negate the overnight lower-high sequence
Loss of the 57.181 higher low and the 57.092 session low breaks the London higher-low line and exposes the 57.00 pivot
Oil and US–Iran headlines are driving intraday swings ahead of Thu 12:30 UTC jobless claims
Lower highs off 57.66 vs higher lows off the 57.09 london low.
Silver slid from the 58.06 Asian high to a 57.09 London low as firm oil revived inflation and hike fears. London has since tightened between 57.18 and 57.44. Lower highs are coming off the 57.66 swing high and higher lows off the London low, with the London high capped near the 38.2% retrace of that slide and RSI(14) neutral near 53.
Support: 57.181, 57.092, 57.00
Resistance: 57.437, 57.66, 58.059
What it said to watch
M15 close above 57.44 london high breaks the lower-high sequence and puts the 57.66 swing high back in play
Loss of the 57.18 higher low and the 57.09 london low resumes the slide toward 57.00 psych
No US data in the next 8h; oil and US-Iran headlines remain the main swing factor
09:16 UTC
Downtrend from 58.59, now flattening · RSI 49 · price 57.318
Lower highs from 57.66 against higher lows off 57.092; London range 57.18–57.44.
Silver slid through the Asia session from 58.06 to a 57.092 session low, extending the fade from yesterday's 58.59 rejection as oil-driven Fed-hike fears weighed. London has held a 57.18–57.44 range, with lower highs from 57.66 and a higher low at 57.18 compressing price around EMA20, RSI(14) neutral near 49.
Support: 57.18, 57.092, 57.00
Resistance: 57.437, 57.66
What it said to watch
M15 close above the 57.44 london high breaks the lower-high sequence and exposes the 57.66 lower high
Failure to hold the 57.18 higher low and the 57.092 session low reopens the 57.00 round number
No US data until Thu 12:30 UTC jobless claims; WTI and US-Iran headlines remain the main swing factor
Lower highs from 58.59; London broke the Asian low, then a shallow higher low at 57.18.
Silver has printed lower highs since yesterday's rejection at 58.59. London took out the Asian low and set a London low at 57.09, and the bounce stalled at the 57.44 London high, below the falling lower-highs trendline. Firm oil and renewed inflation worries keep the metal heavy mid-London, with RSI(14) near 43 and price under both EMAs.
Support: 57.092, 57.00, 56.783
Resistance: 57.437, 57.665, 58.059
What it said to watch
Close below the 57.09 London low exposes the 57.00 round number and the 56.78 prior low
Close above the 57.44 London high and the lower-highs trendline puts the fib 38.2 at 57.66 back in play
Recovery of the 58.06 Asian high would negate the lower-high sequence
WTI and US-Iran headlines remain the main swing factor; US jobless claims Thu 12:30 UTC
08:47 UTC
Downtrend, pausing in early London · RSI 41 · price 57.321
Lower highs through Asia, first higher low at 57.18.
Yesterday's soft-USD rebound on weak US housing data unwound through Asia. Silver printed lower highs from the 58.06 Asian high down to a 57.09 Asian low. The London open bounce met rejection at the 57.44 London high, under the descending trendline and the 38.2% fib. Price is now flat at EMA20 near 57.32, holding above a 57.18 higher low.
Support: 57.181, 57.092, 57.00
Resistance: 57.437, 57.66, 58.059
What it said to watch
M15 close above the 57.44 London high and the descending trendline breaks the lower-high chain and exposes the 57.66 swing high
Loss of the 57.18 higher low returns focus to the 57.09 Asian low
A break of the 57.00 round number, the digest's key break level, opens yesterday's 56.78 low
No US data in the next 8h; oil and US–Iran headlines are the main swing factor for this read
Lower highs and lower lows through Asia; London so far inside the Asian range.
Silver is handing back Tuesday's soft-USD rebound as DXY stabilises. Asia ran a lower-high chain from the 58.059 Asian high down to the 57.092 Asian low just before London open. The early-London bounce was rejected at the 57.437 swing high, near the 23.6% fib of yesterday's 58.592–57.092 leg, and price sits back at 57.26, below both EMAs.
Support: 57.092, 57.00, 56.783
Resistance: 57.437, 57.66, 58.059
What it said to watch
M15 close below the 57.092 Asian low extends the lower-low chain toward the 57.00 round number and yesterday's prior low at 56.783
Close above the 57.437 swing high and the Asia lower-highs trendline (~57.49) breaks the sequence, putting the 57.66 lower high / 38.2% fib in play
Asian high at 58.059 caps the session range; no US data due in the next 8h, so oil and US–Iran headlines are the main swing factor
08:03 UTC
Intraday downtrend, early London bounce · RSI 50 · price 57.381
Lower highs and lower lows since Asia open, now bouncing under the trendline.
Silver spiked to the 58.59 weekly high in Tuesday's NY session on a softer USD and lower yields. It has since faded through Asia in a chain of lower highs, with the 57.66 Asia spike capped and a 57.09 London low printed just before London open. The bounce from that low is stalling near 57.44, under the lower-highs trendline, with RSI(14) flat around 50 and price pinned between EMA20 and EMA50.
Support: 57.092, 57.00, 56.783
Resistance: 57.66, 58.059, 58.592
What it said to watch
Break below the 57.09 London low extends the lower-low chain toward 57.00 psych and the 56.78 prior low from Tuesday's NY session
An M15 close above the lower-highs trendline and the 57.66 Asia spike (38.2% fib of the fade) invalidates the Asia downtrend read and exposes the 58.06 Asia high
No scheduled US data in the next 8h (Jobless Claims Thu 12:30 UTC), so oil/Iran headlines and the 10y yield near 5.12% are the likely drivers
07:32 UTC
Intraday downtrend, early London bounce · RSI 47 · price 57.374
Lower highs and lower lows since the Asian high, bouncing off session low.
After Tuesday's NY spike to 58.59 on softer USD and yields, silver bled through Asia from the 58.06 Asian high to a 57.09 session low, carving a lower-high chain capped by the 57.66 rejection. The London open is bouncing toward 57.37 with RSI(14) neutral near 47 and price just reclaiming EMA20. The 57.00 round number sits below as the next reference.
Support: 57.092, 57.00
Resistance: 57.66, 58.059
What it said to watch
M15 close above the 57.66 lower high breaks the Asian lower-high sequence
Loss of the 57.09 session low resumes the downtrend toward the 57.00 round number
Recovery of the 58.06 Asian high would neutralise the overnight decline
US 10y yield around 5.12% and US–Iran/oil headlines have been driving silver inversely this week
07:17 UTC
Downtrend through Asia, extending into London open · RSI 37 · price 57.178
Lower-high/lower-low chain since the 58.06 Asian high, pressing session low.
Silver has stepped lower all Asia session from the 58.06 Asian high to a 57.09 session low, giving back much of Tuesday's softer-USD spike to 58.59. Early London is holding just above that session low with RSI(14) near 37, while the 57.31 lower high and a descending trendline from 57.98 cap rebounds.
Support: 57.092, 57.00, 56.783
Resistance: 57.305, 57.66, 58.059
What it said to watch
A break of the 57.09 session low extends the lower-low chain toward the 57.00 round number and the 56.78 tuesday low
An M15 close above the 57.31 lower high and the descending trendline would break the Asia sequence; the 57.66 swing high sits near the asia decline fib 50–61.8% zone
Recovery through the 58.06 asian high would negate the session downtrend
No US data in the next 8h; 10y yield near 5.12% and US–Iran/oil headlines remain the intraday driver
06:46 UTC
Intraday downtrend, lower highs through Asia · RSI 38 · price 57.214
LH/LL chain off 58.06 Asian high, price pressing session low into London open.
Asia has stepped lower from 58.06 to a 57.144 session low, extending the fade from Tuesday's 58.59 weekly high as USD held firm on oil. A late-Asia spike to the 57.66 spike high was rejected inside one bar, and the 57.40 flip level has capped rebounds since.
Support: 57.144, 57.00, 56.783
Resistance: 57.40, 57.66
What it said to watch
Acceptance below the 57.144 session low extends the lower-low chain toward the 57.00 round number and 56.783 swing low
M15 close back above the 57.40 flip level and the asia lower highs line near 57.58 would break the Asia downtrend read
Another rejection at the 57.66 spike high keeps supply capping the session
US–Iran/oil headlines and the 10y near 5.12% are the intraday drivers; Thu 12:30 UTC jobless claims is the next scheduled risk
Lower highs from 57.98 and lower lows down to 57.144 heading into London open.
Tuesday's NY spike from the 56.783 spike low to 58.59 has fully unwound. Asia has printed a lower-high chain from the 57.98 Asian high, with firmer USD on rising oil weighing on the metal. Price was rejected at the 57.66 swing high late in Asia, then set a fresh 57.144 Asian low just ahead of London open, below both EMAs with RSI(14) near 42.
Support: 57.144, 57.00, 56.783
Resistance: 57.66, 57.984
What it said to watch
Failure to hold the 57.144 Asian low exposes the 57.00 round number, then Tuesday's 56.783 spike low
A close above the 57.66 swing high and the descending trendline would break the Asian lower-high sequence
Recovery back above the 57.98 Asian high would neutralise the overnight decline
US–Iran and oil headlines remain the main intraday driver, with no US data due in the next 8h
Lower highs from the 58.06 Asian high, lows holding 57.21.
Tuesday's NY rally to the 58.59 weekly high came on a softer USD and easing yields, but the Asian session has given it back in a chain of lower highs from 58.06 as the dollar firmed with oil. The 05:30 UTC spike to 57.66 was rejected, and the session low at 57.21 has held twice into the late-Asia, pre-London window, with RSI(14) near 42.
Support: 57.214, 57.00, 56.783
Resistance: 57.66, 58.059, 58.592
What it said to watch
Break of the 57.21 session low extends the lower-low sequence and exposes the 57.00 round number, then the 56.78 Tuesday low
M15 close above the 57.66 lower high breaks the Asian lower-highs line and the downtrend read, with the 57.74 61.8% retrace of the Asian decline and the 58.06 Asian high above
London open is the first test of the 57.21 base. US-Iran and oil headlines are the main intraday driver through USD and yields, with no US data until Thursday's 12:30 UTC claims
06:04 UTC
Intraday downtrend, lower highs through Asia · RSI 42 · price 57.322
Asia retracing Tuesday's NY rally with a lower-high/lower-low chain; late Asia, London open approaching.
Tuesday's NY rally from the 56.78 swing low to 58.59 came on a softer USD and weak housing data. Asia has since given back more than the 61.8% fib at 57.47, with lower highs from the 58.06 Asia high. A spike to the 57.66 swing high was rejected into a fresh 57.214 Asia low, and price is holding below EMA20/50 with RSI(14) near 42 ahead of London open.
Support: 57.214, 57.00, 56.783
Resistance: 57.474, 57.66, 58.059
What it said to watch
Break of the 57.214 Asia low extends the lower-low chain toward the 57.00 round number
Loss of 57.00 exposes Tuesday's 56.78 swing low
Close above the 57.66 swing high breaks the Asia lower-highs trendline and the downtrend read
Reclaim of the 61.8% fib at 57.47 would leave the NY rally retracement contained
No US data in the next 8h; US–Iran and oil headlines, and the 10y yield near 5.12%, remain the intraday drivers
Lower highs and lower lows from the 58.06 Asian high; latest spike rejected.
Silver has unwound Tuesday's NY spike to the 58.59 weekly high, which came on a softer USD and easing yields. Asia has stepped lower from the 58.06 asian high in a chain of lower highs. The 05:30 UTC bar spiked to 57.66 near the 50% fib of the Asia drop, met rejection there and printed a fresh session low at 57.214. Price now sits below both EMAs heading into London open.
Support: 57.214, 57.00, 56.783
Resistance: 57.66, 58.059, 58.592
What it said to watch
M15 close above the 57.66 rejection high breaks the lower-highs trendline and the Asia downtrend read
Failure to hold the 57.214 session low extends lower lows toward the 57.00 psych level and Tuesday's 56.783 prior low
London open typically resets the Asian range; a reclaim of the 58.06 asian high would neutralise the overnight fade
US–Iran and oil headlines are the main swing factor via USD and yields; Thursday's jobless claims are the next scheduled risk
05:33 UTC
Asia downtrend, late-session bounce testing it · RSI 52 · price 57.616
Lower highs from 57.984 broken by push off 57.272.
Asia session ground lower from the 57.984 asian high in a lower-high chain to 57.272. The last two bars broke the Asia trendline and are pressing the 57.69 50% level of Tuesday's 56.783–58.592 rally fib, which followed a softer USD and easing yields. Price sits just above both EMAs ahead of London open, with RSI(14) neutral near 52.
Support: 57.272, 57.00
Resistance: 57.783, 57.984, 58.592
What it said to watch
An M15 close above the 57.783 swing high confirms the Asia trendline break and puts the 57.984 asian high back in play
A drop back below the 57.272 asian low resumes the lower-low sequence and exposes 57.00 psych
Rejection at the 57.69 fib 50% keeps the Asia downtrend read intact
Acceptance above 57.984 opens a retest of the 58.592 tue high, near the weekly high
US–Iran and oil headlines, plus the 10y yield near 5.12%, are the live drivers with no US data in the next 8h
Lower highs and lower lows through Asia after the NY spike faded.
Asia has unwound most of Tuesday's NY spike from the 56.783 ny low to the 58.592 weekly high. Silver slid from the 58.059 asia high through a swing high at 57.783 and a lower high at 57.517, setting a 57.27 asia low, and now trades below the 61.8% retrace near 57.47. A firmer DXY and oil-led yield worries are weighing, and RSI(14) near 40 shows no oversold extreme with London open approaching.
Support: 57.27, 57.00, 56.783
Resistance: 57.517, 57.783, 58.059
What it said to watch
M15 close above the 57.517 lower high breaks the Asia lower-high sequence; above the 57.783 swing high the downtrend read is void
Failure to hold the 57.27 asia low exposes the 57.00 round number, then the 56.783 ny low
London open is the first test of the Asian range; no US data until Thu 12:30 UTC Jobless Claims
US–Iran / oil headlines moving the 10y yield could materially shift this read
05:05 UTC
Intraday downtrend, lower highs through Asia · RSI 36 · price 57.301
Lower-high/lower-low chain from 58.06 session high; 61.8% of NY rally lost.
Late Asia session: silver is giving back Tuesday's NY rally from the 56.78 swing low to 58.59. It was rejected near the 58.06 session high, then slid to 57.40 in the first Tokyo hour. Since then it has printed lower highs at 57.78 and 57.52 into a 57.27 session low as DXY firmed with oil. Price now sits between the 61.8% and 78.6% retracements, RSI(14) at 36, not yet oversold.
Support: 57.27, 57.00, 56.78
Resistance: 57.52, 57.78, 58.06
What it said to watch
Close back above the 57.52 lower high breaks the lower-high line and the Asian sequence of lower highs
Failure to hold the 57.27 session low exposes the 57.00 round number and the 78.6% fib near 56.97
Loss of 57.00 puts Tuesday's 56.78 swing low in play; reclaiming the 57.78 swing high would neutralise the Asian downtrend
London open is the first test of the 57.27–58.06 Asian range; US–Iran/oil headlines remain the main swing factor via yields and USD
Lower highs and lower lows through Asia off 58.059.
Silver has stepped lower all Asia session from the 58.059 session high, unwinding part of yesterday's NY spike to the 58.592 weekly high. The lower-high chain, last at 57.598, keeps capping bounces, and price now sits on the 57.300 session low with RSI(14) near 35. The digest attributes the Asian slip to the dollar steadying after three days of oil- and yield-driven weakness.
Support: 57.30, 57.00, 56.783
Resistance: 57.598, 58.059, 58.592
What it said to watch
A close above the lower-high line near 57.45–57.60 breaks the Asia lower-high chain
Failure to hold the 57.300 session low exposes the 57.000 round number, then the 56.783 swing low
London open in roughly 15 minutes could extend or reverse the Asian range
US–Iran headlines moving oil and yields could quickly shift this read; a reclaim of 58.059 would reopen the 58.592 weekly high
04:32 UTC
Intraday downtrend, grinding lower in Asia · RSI 45 · price 57.41
Lower highs from the 57.98 Asian high, flat floor at 57.31.
Tuesday's NY spike from the 56.78 prior low to 58.59 came on soft housing data and easing yields. That move has been retraced below its 61.8% fib at 57.47. Asia has printed a lower-high sequence off the 57.98 Asian high, with lows pinned at 57.31–57.34 and RSI(14) neutral near 45.
Support: 57.31, 57.00, 56.78
Resistance: 57.47, 57.60, 57.98
What it said to watch
M15 close below the 57.31 Asian low extends the downtrend toward the 57.00 round number, then the 56.78 prior low
Close back above the 57.60 lower high breaks the descending line and reopens the 57.98 Asian high
Reclaiming the 61.8% fib at 57.47 into London open would signal the Asian floor holding
US–Iran and oil headlines feeding the 10y near 5.12% remain the live driver; no scheduled USD data in the next 8h
Lower highs from 58.06 Asian high, lows stepping down to 57.31.
Silver has given back Tuesday's USD-softening rally from 56.78 to 58.59. Early Asia faded from the 58.06 Asian high into a lower-highs sequence that has since capped every bounce. Price is sitting on the 61.8% retracement of the NY rally fib near 57.47, with the session low at 57.31 just beneath and price below both EMAs.
Support: 57.314, 57.00
Resistance: 57.783, 58.059
What it said to watch
An M15 close above the 57.78 lower high breaks the lower-highs trendline and re-opens the 58.06 Asian high.
Failure to hold the 57.31 session low extends the lower-low chain toward the 57.00 round number.
London open in roughly 3h and US–Iran / oil headlines could materially shift this read.
Lower highs and lower lows through Asia, price at session low.
Tuesday's NY rally from the 56.78 ny low to 58.59 came on soft US housing data and a weaker USD. It has since been retraced through the fib 61.8 at 57.47 after another rejection near the 58.06 asia high, around the $58.00 cap. Late Asia shows a lower-high chain from 57.78 down to the 57.60 lower high and a fresh asia low at 57.31, with RSI(14) near 34 and price below EMA20/EMA50.
Support: 57.314, 57.00, 56.783
Resistance: 57.474, 57.598, 58.059
What it said to watch
M15 close below the 57.31 asia low extends the lower-low chain toward the 57.00 round number, then the 56.78 ny low
Close back above the 57.60 lower high breaks the Asian lower-highs trendline and neutralises the downswing read
Reclaim of the fib 61.8 at 57.47 would show the retracement stalling ahead of London open, about 3h out
US-Iran / oil headlines can move USD and yields at any time; Thursday's jobless claims (12:30 UTC) sit outside this window
03:46 UTC
Intraday pullback, lower highs since Asia open · RSI 37 · price 57.472
Descending highs pressing a 57.33–57.40 floor.
Silver has given back Tuesday's NY spike to 58.592, a rally driven by the soft US housing data and a weaker USD, and now sits on the 61.8% fib of that move near 57.47. Late in the Asia session, lower highs below the 58.059 Asian high are compressing into the 57.335 Asian low. RSI(14) is near 37, with no extreme.
Support: 57.335, 57.00, 56.783
Resistance: 57.598, 57.783, 58.059
What it said to watch
A break below the 57.335 Asian low extends the lower-high sequence toward the 57.00 London low, with the 56.783 NY low behind it.
An M15 close above the 57.598 lower high and the lower-highs trendline neutralises the pullback; a push above that opens the 57.78 swing high.
London open liquidity could test the Asian range edges, 57.335 and 58.059.
US-Iran headlines moving oil and yields could override this read at any time; no scheduled US data falls inside the next 8h.
03:32 UTC
Asian downswing, stalling near 61.8% retrace · RSI 40 · price 57.539
Lower highs from 58.059, holding above the 57.335 asia low.
Soft US housing data drove a NY rally from the 56.783 ny low to the 58.592 ny high, but the spike faded. Asia printed lower highs off the 58.059 asia high, and price is basing near the 61.8% retrace (57.474) just above the 57.335 asia low into late Asia session. It sits below both EMAs with RSI(14) near 40.
Support: 57.335, 57.00, 56.783
Resistance: 57.783, 58.059, 58.592
What it said to watch
M15 close below the 57.335 asia low extends the Asian lower-high sequence toward the 57.00 round number
Recovery above the 57.783 lower high negates the Asian downswing and puts the 58.059 asia high / $58.00 cap back in view
Loss of 57.00 exposes the 56.783 ny low from the housing-data dip
No US data until Thursday's jobless claims (12:30 UTC); US-Iran and oil headlines remain the near-term swing factor via USD and yields
03:16 UTC
Intraday downtrend, lower highs in Asia · RSI 38 · price 57.437
LH/LL chain below $58; price sat at the 61.8% retrace of Tuesday's spike.
Tuesday's soft-housing, weaker-USD spike to the 58.592 spike high faded, and silver again failed to hold $58. Late in the Asia session price slid from the 58.059 asia high in a lower-high chain to a 57.335 asia low, and now trades near the 61.8% retrace of the 56.783–58.592 leg. RSI(14) near 38 and price is below both EMAs, though RSI is not stretched.
Support: 57.335, 57.00, 56.783
Resistance: 57.783, 58.059, 58.592
What it said to watch
Break below the 57.335 asia low extends the lower-low chain toward the 57.00 swing low, then the 56.783 spike base
Recovery above the 57.783 lower high breaks the Asia lower-highs line and negates the intraday downtrend read
Acceptance back above the 58.059 asia high would end the repeated $58 rejection
London open liquidity and US-Iran headlines (oil/yields channel) could materially shift this read
03:03 UTC
Intraday downtrend from the spike high, momentum soft · RSI 40 · price 57.473
Lower highs through Asia, testing twin session lows near 57.39.
Tuesday's NY spike on soft US housing data topped at the 58.59 spike high, and the move was rejected back toward 57.80. The Asia session has since printed lower highs from the 58.06 Asia high, with price on the 61.8% of the NY rally fib at 57.47 and sitting just above twin session lows at 57.39–57.40 into late Asia.
Support: 57.394, 57.00, 56.783
Resistance: 57.783, 58.059, 58.592
What it said to watch
M15 close below the 57.39 session low confirms a lower-low and exposes the 57.00 round number, then the 56.78 pre-data low
Recovery above the 57.78 lower high breaks the Asia lower-highs sequence and reopens the 58.06 Asia high
London open in under an hour could set the session range; US-Iran headlines remain a two-way risk via oil and yields
02:47 UTC
Intraday pullback, lower highs in Asia · RSI 41 · price 57.525
Lower-high chain from 58.059 Asian high; 57.40 Asian low tested twice.
The NY session rally from the 56.783 NY low to the 58.592 day high came on the US housing miss and softer USD, but it faded. Asia has since printed lower highs from the 58.059 Asian high, with a rejection near $58. Price is holding the 57.40 Asian low on a second test, near the 61.8% retracement of that rally and below both EMAs, with sellers capping each bounce along the descending trendline.
Support: 57.40, 57.00, 56.783
Resistance: 57.783, 58.059, 58.592
What it said to watch
M15 close above the 57.783 swing high breaks the lower-high chain and the trendline
Failure to hold the 57.40 Asian low exposes the 57.00 round number, then the 56.783 NY low
Rejection again below the 58.059 Asian high would keep the $58 cap intact
Unscheduled US-Iran headlines via oil and yields could materially shift this read
02:31 UTC
Intraday downtrend, lower highs through Asia · RSI 37 · price 57.485
Lower highs from 58.06, retesting 57.40 asia low.
Silver has unwound most of Tuesday's NY spike to 58.59, a rally driven by the soft US housing data and a weaker USD. The Asia session has printed lower highs from the 58.06 session high and the 57.78 bounce high. Price is sitting on the 61.8% fib of that rally at 57.47, just above the 57.40 asia low, with RSI(14) near 37 and price under both EMAs.
Support: 57.40, 57.00
Resistance: 57.78, 58.06, 58.59
What it said to watch
M15 close below the 57.40 asia low extends the lower-low sequence toward the 57.00 round number
Reclaim of the 57.78 bounce high breaks the lower-highs line; the 58.06 session high sits above
Unscheduled US-Iran headlines via oil/yields could jolt this read before the London open
02:17 UTC
Pullback after NY spike, momentum soft · RSI 40 · price 57.567
Asian session lower highs from 58.059; price retracing into the 50–61.8% fib of the NY rally leg.
Tuesday's NY rally on the soft US housing data and a weaker USD spiked to the 58.592 spike high but could not hold above $58. The Asian session has printed lower highs from the 58.059 asian high, with a 01:00 UTC flush to the 57.40 asian low and a 57.783 lower high since. Price is sitting between the 50% (57.69) and 61.8% fib (57.474) of the 56.783–58.592 leg, below both EMAs, with RSI(14) near 40.
Support: 57.474, 57.40, 57.00
Resistance: 57.783, 58.059, 58.592
What it said to watch
Failure to hold the 57.40 asian low and the 61.8% fib extends the retracement toward the 57.00 round number
M15 close above the 57.783 lower high breaks the Asian lower-high sequence and reopens 58.059
Repeated rejection below $58 keeps the 58.592 spike high as an isolated NY extreme
London open typically expands the Asian range, with ATR(14) near 138 pips
Unscheduled US-Iran / Hormuz headlines via oil and yields could materially shift this read
02:03 UTC
Pullback within Tuesday's rally, lower highs in Asia · RSI 39 · price 57.59
Lower highs from 58.06 Asian high, Asian low at 57.40 holding for now.
Tuesday's NY leg, driven by soft US housing data and a weaker USD, ran from 56.78 to the 58.59 NY high but did not hold above $58. Early Asia printed a 58.06 Asian high, then a lower high at 57.98 and the 57.78 lower high. The flush to the 57.40 Asian low came near the 61.8% retracement of that leg, and price at 57.59 sits under both EMAs with RSI(14) near 39.
Support: 57.40, 57.00
Resistance: 57.783, 58.059, 58.592
What it said to watch
M15 close below the 57.40 Asian low extends the lower-low sequence toward the 57.00 round number
Recovery above the 57.78 lower high, then the 58.06 Asian high, breaks the Asia lower-high chain; the 58.59 NY high is the next reference
London open could break the Asian range in either direction
Thu 12:30 UTC US jobless claims (f/c 200K) is the next scheduled USD risk; oil and US-Iran headlines can move silver sooner
01:47 UTC
Intraday pullback from NY spike, below EMAs · RSI 38 · price 57.615
57.64–58.06 range broken lower in Asia, bounce capped under 57.78.
The weaker-USD and soft-housing spike to the 58.59 NY high faded into a 57.64–58.06 range, with the 58.06 asian high marking another rejection near 58.00. Mid-Asia, price broke the range floor to the 57.40 asian low, near the 61.8% of the NY rally fib, and the bounce stalled under the 57.78 bounce high. RSI(14) ~38, ATR ~140 pips.
Support: 57.40, 57.00, 56.783
Resistance: 57.783, 58.059, 58.592
What it said to watch
Close back above the 57.78 bounce high returns price to the range and turns the Asian break into a false break
Failure to hold the 57.40 asian low exposes 57.00 psych and the 56.78 ny low
Acceptance above the 58.06 asian high and the 58.00 cap reopens the 58.59 ny high
No US data until Thu 12:30 UTC jobless claims; oil and US-Iran headlines remain the near-term swing factor
01:32 UTC
Post-spike pullback, under both EMAs · RSI 41 · price 57.69
57.70–58.06 range, Asia swept below to 57.40 then rebounded.
Silver has chopped in a 57.70–58.06 range since Tuesday's NY spike to the 58.59 spike high, a move that came on soft housing data and a weaker USD. Mid-Asia, price swept below the range to a 57.40 Asian low, past the 61.8% retrace of the 56.78–58.59 housing rally, then rebounded to 57.69 near the 50% level. Price sits under both EMAs with RSI(14) near 41, and Asia has printed lower highs at 58.06 and 57.98.
Support: 57.40, 57.00
Resistance: 58.06, 58.59
What it said to watch
A close back below the 57.40 Asian low turns the sweep into a range break and exposes the 57.00 round number
A close above the 58.06 Asian high and the repeated $58 cap reopens the 58.59 spike high
Breaking the Asia lower highs trendline near 57.98 would end the session's lower-high sequence
US-Iran and oil headlines can shift USD and yields during Asia hours, with no scheduled US data inside the next 8h
Asia break below NY range floor, lower highs from 58.06.
Tuesday's weak-housing, softer-USD spike to the 58.59 NY high faded into a 57.64–58.06 range. Asia then printed lower highs below the 58.06 Asia high and broke the range floor to a 57.40 session low, near the 61.8% rally fib of the 56.78 rally base move. RSI(14) is near 34, with price below EMA20 and EMA50.
Support: 57.40, 57.04, 56.78
Resistance: 57.64, 58.06, 58.59
What it said to watch
A reclaim of the 57.64 range floor puts price back inside the 57.64–58.06 range and negates the break.
A loss of the 57.40 session low exposes the london low at 57.04, then the 56.78 rally base.
A break above the asia lower highs trendline and the 58.06 Asia high reopens the 58.59 NY high.
US-Iran and oil headlines can swing USD and yields during Asia; US jobless claims Thu 12:30 UTC are the next scheduled risk.
01:05 UTC
Pullback from NY spike, lower highs in Asia · RSI 40 · price 57.573
Post-spike range 57.64–58.06 breaking lower; Asia lower highs.
Silver spiked to the 58.59 spike high on soft US pending home sales during NY hours, as a weaker USD and lower yields fed the move. It then held a 57.64–58.06 range into Asia, with lower highs at 58.06 and 57.98 keeping it below $58. The current early-Asia bar has broken the 57.64 range floor to 57.57, with RSI(14) near 40 and the fib 61.8% retrace of the 56.78–58.59 leg at 57.47 just below.
Support: 57.474, 57.353, 57.00
Resistance: 57.643, 58.059, 58.592
What it said to watch
A close back above the 57.64 range floor would turn the break into a false break
Failure to hold the fib 61.8% at 57.47 exposes the 57.35 spike base, then 57.00 psych
Clearing the 58.06 Asia high ends the lower-high sequence, with the 58.59 spike high above
US-Iran or oil headlines during Asia can move USD and yields and shift this read
Tight range 57.64–58.06 under the NY spike high, rising lows.
Weak US housing data and a softer USD drove a NY-session spike from 56.783 to the 58.592 spike high, which was rejected straight away. Since then price has held a 57.64–58.06 band around the 38.2% fib (~57.90), with the pullback low at 57.643 and rising lows into early Asia. The 58.00 handle and the session high at 58.059 keep capping, with RSI(14) neutral near 58.
Support: 57.732, 57.643, 57.00
Resistance: 58.059, 58.592
What it said to watch
M15 close above the 58.059 session high puts 58.00 acceptance in play and reopens the 58.592 spike high
Break of the 57.732 session low, then the 57.643 pullback low, exits the range through the 50% fib (~57.69) and exposes the 57.00 london low
Thu 12:30 UTC US jobless claims (f/c 200K) and Iran/oil headlines could materially shift this read
Post-spike range 57.64–58.06, Asian range in development.
Silver has held a 57.64–58.06 band since the NY spike to the 58.592 prior high on soft US housing data and a weaker USD. That pullback stalled at the 57.643 swing low, near the 50% fib. Early Asia session has set a 57.732–58.059 range, with a rejection near 58.00 again and price back at 57.94.
Support: 57.732, 57.643
Resistance: 58.059, 58.592
What it said to watch
M15 close above the 58.059 asian high reopens the 58.592 prior high; repeated failure near 58.00 keeps the range intact
Break below the 57.732 asian low exposes the 57.643 swing low; loss of that undercuts the 50% fib and ends the higher-low sequence
US-Iran / oil headlines overnight and Thu 12:30 UTC jobless claims could materially shift this read
Silver ran from the 56.78 NY low to the 58.59 spike high after the soft US housing prints, then held the 50% fib with a swing low at 57.64, carving out a range below the $58 handle. Early Asia session is back at 57.92 off the 57.73 asia low, with the 58.06 asia high capping and rising lows still intact.
Support: 57.73, 57.64
Resistance: 58.06, 58.59
What it said to watch
M15 close above the 58.06 asia high and $58 opens the path back to the 58.59 spike high
Loss of the 57.73 asia low and then the 57.64 swing low breaks the rising lows and the 50% fib hold
US Initial Jobless Claims Thu 12:30 UTC (f/c 200K) could materially shift this read
00:04 UTC
Sideways after NY spike, drifting lower in Asia · RSI 44 · price 57.743
Post-spike range 57.64–58.06, micro lower highs off the Asia session high.
Weak US housing data drove a NY spike from 56.78 to a 58.59 spike high that was rejected within the hour. Silver has since held a 57.64–58.06 range. Early Asia session faded from the 58.06 range high back toward the 50% fib at 57.69, with RSI(14) near 44 and price under EMA20.
Support: 57.688, 57.643, 57.474
Resistance: 57.901, 58.059, 58.592
What it said to watch
M15 close below the 57.64 range low breaks the post-spike range and opens the 61.8% fib at 57.47
Reclaim of the 38.2% fib at 57.90 and a close above the 58.06 range high reopens the 58.59 spike high
US–Iran and oil headlines during Asian hours could materially shift this read