Lower highs inside a 62.30–68.31 range; floor held twice near 62.30.
Silver is rotating inside a broad 62.30–68.31 range. Highs have stepped lower from 71.17 through the 68.31 range top and this week's 67.53 swing high, while the range floor near 62.30 has held twice. The rejection at 67.53, driven by the hot US PMI beat and hawkish Fedspeak, has taken price back below the ema cluster (EMA20 65.55 / EMA50 65.41) to the 61.8% fib near 64.30. ATR(14) near 870 pips points to a wide, two-way regime rather than compression, and RSI is in the mid-30s with EMA20 only marginally above EMA50.
Support: 64.30, 63.45, 62.30
Resistance: 65.50, 67.53, 68.31
What it said to watch
H4 close below the 61.8% fib at 64.30 exposes the prior lows around 63.45
Loss of the 63.45 prior lows puts the 62.30 range floor back in play; a break there invalidates the range read
Recovery above the 65.50 ema cluster would ease pressure, with the lower highs trendline, the 67.53 swing high and the 68.31 range top capping above
EMA20 crossing below EMA50 would confirm the swing rolling over within the range
Thu Initial Jobless Claims (12:30 UTC, f/c 201K) plus Williams and Hammack remarks could materially shift this read
62.30–68.31 range; lower highs capping, rising lows under test.
Silver has held a 62.30–68.31 range for two weeks. The range floor at 62.30 held twice, while the range top gave way to a lower high at 67.53. Hot US PMIs and hawkish Fedspeak lifting the USD drove a rejection from that lower high, taking price down more than 3.1 to the 64.34 swing low. That low sits on the 61.8% retrace of the 62.30–67.53 leg and on the rising lows line. Price is now below both EMAs with the EMA20 rolling toward the EMA50, and ATR(14) near 920 pips shows expanding ranges rather than compression.
Support: 64.341, 62.303
Resistance: 65.063, 67.529, 68.309
What it said to watch
H4 close below the 64.34 swing low breaks the rising lows line and the 61.8% fib, exposing the 62.30 range floor
Recovery back above the 65.06 broken low would ease pressure and return price to mid-range
A close above the 67.53 lower high reopens a test of the 68.31 range top
Thu jobless claims (f/c 201K) and Williams/Hammack Fedspeak could shift October hike odds and USD direction
EMA20 crossing below EMA50 would confirm the momentum turn
Lower highs from 71.17, higher low at 64.55; contracting range.
Highs have stepped down from 71.17 to the 68.31 prior high and then the 67.53 lower high, while lows based twice at the 62.30 range low before lifting to the 64.55 swing low, which leaves a contracting consolidation. The rejection at 67.53 has retraced about half of the 62.30–67.53 leg as the USD firmed on hawkish Fed-speak. Price now sits on the rising higher-low trendline near 65.00, below both ema20 and the ema50 near 65.35, with ATR(14) near 890 pips, down from the wider early-month bars.
Support: 64.55, 64.30, 62.30
Resistance: 65.35, 67.53, 68.31
What it said to watch
H4 close below the 64.55 swing low breaks the higher-low trendline and exposes fib 61.8 at 64.30, then the 62.30 range low
Recovery above the ema50 near 65.35 and then the 67.53 lower high would neutralise the rejection; 68.31 prior high anchors the lower-high trendline
US flash PMIs at 13:45 UTC and Fed's Barr at 14:05 UTC could materially shift this read
09:06 UTC
Rangebound, momentum flat after failed push at range top · RSI 40 · price 65.404
Three-week $62.30-$68.00 range; higher lows off 62.30 but capped by lower highs.
Silver remains inside the three-week $62.30-$68.00 range: the rally off the 62.30 window low stalled at the 67.53 swing high and price has since slipped back below both the EMA20 at 65.94 and the EMA50 near 65.51, the hawkish-Fed and firm-dollar backdrop keeping the metal pinned under the range cap. Higher lows at 64.55 and 65.06 still hold, so the structure is a mid-range drift rather than a breakdown, with the last bar giving back the whole 66.32-65.31 spread. ATR(14) near 870 pips has eased from the post-FOMC expansion, consistent with compression inside the range.
Support: 65.06, 64.55, 62.30
Resistance: 65.94, 67.53, 68.00
What it said to watch
H4 close above the 67.53 swing high, then the 68.00 range cap, would be the condition for a genuine range break
Loss of the 65.06 swing low reopens 64.55 and, below that, the 62.30 window low
Reclaiming the EMA20 at 65.94 would neutralise the current pullback
US flash Services and Manufacturing PMIs at 13:45 UTC, plus Fed's Barr at 14:05 UTC, could materially shift this read
Higher lows since the 62.30 low, repeated stalls under 67.50.
Silver has carved a sequence of higher lows since the 62.30 range low, with the most recent base at 64.55, and EMA20 has crossed back above EMA50 — both now beneath price around 66.0–65.6. The advance has twice been turned away in the 67.50 area, the second time from the 67.53 week high, leaving the metal pinned between that cap and the 100-dma pivot at 66.39, where hawkish Fed repricing keeps rallies contained. ATR(14) near 840 pips is mid-range for this window, so the structure reads as a broad multi-day range rather than a trending leg, with price sitting close to the 50% retracement of the 71.17–62.30 downswing.
Support: 66.39, 64.55, 62.30
Resistance: 67.53, 68.31
What it said to watch
H4 close above the 67.53 week high would invalidate the range read and expose 68.31 prior high
Loss of the 100-dma at 66.39 on a closing basis returns focus to the 64.55 swing low
A close below 64.55 would break the higher-low sequence built off the 62.30 range low
US flash PMIs at 13:45 UTC plus Fed's Barr shortly after could materially shift this read within the next bar or two
Higher lows since 62.30, last swing high taken out.
Silver has built a sequence of higher lows off the 62.30 range low — a double-bottom footprint with the 62.33 print a week earlier — and the last two bars pushed through the 66.40 retest zone that capped price twice, printing 67.53 as the new prior high. EMA20 has crossed back above EMA50 with RSI at 62, so the three-week decline from 71.17 is being retraced rather than extended, consistent with the easing in yields and cheaper oil offsetting hawkish-Fed repricing. ATR(14) near 810 pips keeps the daily swing wide, with 68.31 the next swing high overhead.
Support: 66.40, 64.55, 62.30
Resistance: 67.53, 68.31
What it said to watch
US flash S&P Global PMIs Wed 13:45 UTC plus Fed's Barr at 14:05 UTC can materially shift this read
A close back below the 66.40 retest zone invalidates the breakout read
Loss of the 64.55 swing low re-opens the 62.30 range low
Acceptance above 67.53 prior high puts the 68.31 swing high in play