XAG/USD AI Live Scan, 15-minute chart, Friday, 23 October 2026
Every read JAFX AI made on the XAG/USD 15-minute chart that day, newest first: trend, structure, the levels it marked and what it said to watch.
20:46 UTC
Range-bound within a broader downtrend, drifting lower into the close · RSI 42 · price 53.85
Lower highs from 54.25 inside the 53.71–54.10 range after the NY false break to 53.02.
NY hours spiked silver to a fresh yearly low at 53.02, then it snapped back into the 53.71–54.10 London range. Firm US PMIs and the Michigan beat kept the dollar supported. The rebound high at 54.25 was rejected twice, and lower highs have since pulled price under EMA20 toward the late-NY low at 53.82 as Friday's session winds down.
Support: 53.821, 53.712, 53.016
Resistance: 54.10, 54.25, 54.557
What it said to watch
A break of the 53.82 late-NY low exposes the 53.71 range floor.
A close back above the 54.10 range top breaks the lower highs and reopens the 54.25 rebound high, then the 54.56 swing high.
Price back at the 53.02 yearly low would test the false break; a close below confirms continuation.
Monday-open gap risk ahead of Tue Durable Goods and the Wed Oct 28 18:00 UTC Fed decision could reset this read.
Range 53.82–54.25 with lower highs pressing the session low.
Silver swept the yearly low at 53.02 in NY hours after firm US PMIs and the Michigan beat, then snapped back and was rejected twice at the 54.25 rebound top. Lower highs at 54.20 and 54.10 have since pushed price back onto the 53.85 session low into the thin Friday close, with RSI(14) near 44 and price under both EMAs.
Support: 53.85, 53.71, 53.02
Resistance: 54.10, 54.25
What it said to watch
M15 close below the 53.82–53.85 session low exposes the 53.71 ny low and the 38.2% retracement of the sweep rebound
Close above the 54.10 lower high breaks the descending trendline and reopens 54.25
A return to the 53.02 yearly low would test whether the sweep low holds
Weekend close: Monday open gap risk ahead of Tue Durable Goods and Wed FOMC
Lower highs off the 54.25 NY high, pressing the 53.82 swing low.
The NY spike to a 53.02 yearly low swept below the 53.45 Asian low and was reclaimed within one bar, but the bounce was rejected at 54.25. Late NY has since printed a chain of lower highs that is now pressing the 53.82 swing low. Price sits below both EMAs with RSI(14) near 44, still inside the London range above 53.71, with US data offering no relief after the Michigan sentiment beat.
Support: 53.821, 53.712, 53.016
Resistance: 54.10, 54.25
What it said to watch
A close below the 53.82 ny swing low confirms a lower low inside the NY bounce fib
Loss of the 53.71 london low exposes the 53.02 yearly low again
A close above the lower-high trendline and 54.10 breaks the late-NY sequence, and 54.25 ny high caps above that
Friday close into the weekend raises gap risk at the next open, and Wed FOMC (hold at 4% expected) is the next major driver
Tight late-NY compression between 53.82 and 54.10 below a 54.25 rebound high.
Firm US PMIs and a Michigan beat drove a flush to the 53.016 spike low early in NY, but price reversed straight back above the Asian lows and capped twice at the 54.25 rebound high. Late NY is compressing under a lower highs line, with the 53.82 swing low below and the 54.10 lower high above. RSI(14) is neutral near 45 into the weekly close.
Support: 53.821, 53.712, 53.016
Resistance: 54.10, 54.25
What it said to watch
M15 close below the 53.82 swing low exposes the 38.2% of the rebound fib near 53.78 and the 53.71 london low
Close above the 54.10 lower high breaks the lower highs line and reopens the 54.25 rebound high
Loss of 53.71 puts the 53.016 spike low back in play
Weekly close is under an hour away; a Monday open gap can reset this structure
FOMC Wed Oct 28 18:00 UTC, with Tue Durable Goods and Consumer Confidence beforehand, could materially shift this read
Lower highs off 54.25 NY high, compressing above 53.82 swing low.
Silver dipped through the yearly low to 53.016 in early NY after the US PMI and Michigan beats. It snapped back within one bar and was capped twice at the 54.25 NY high. Late NY is compressing in a 53.905 range low to 54.10 lower high band, with the 53.821 swing low holding just above the 38.2% fib of the rebound.
Support: 53.905, 53.821, 53.016
Resistance: 54.10, 54.25, 54.557
What it said to watch
Close below the 53.821 swing low reopens the 53.016 yearly low
Close above the 54.25 NY high breaks the lower-high sequence and puts the 54.557 prior high in view
Friday late-NY liquidity is thinning into the weekend close
Tue Durable Goods and Wed FOMC (hold at 4% expected, December guidance key) are the next scheduled catalysts
Late-NY compression 53.82–54.10 below a 54.25 double cap.
The firm US PMI and Michigan prints at the NY open triggered a sweep to the 53.02 sweep low (yearly-low area), reclaimed within one bar. The rebound was capped twice at the 54.25 NY high, and late NY is now printing lower highs into 54.10, compressing above the 53.82 NY pm low with EMA20 overhead and the 38.2% rebound fib near 53.78 just below.
Support: 53.82, 53.71, 53.02
Resistance: 54.10, 54.25, 54.56
What it said to watch
M15 close above the 54.10 lower high breaks the descending sequence and puts the 54.25 NY high back in play
Loss of 53.82 ny pm low and the 38.2% rebound fib exposes the 53.71 london low
A return to the 53.02 sweep low would retest the yearly-low area that was rejected at the NY open
Friday late-NY liquidity is thinning into the weekly close, so ranges can extend on small flows
54.56 asia high is the upper reference for the rebound if 54.25 gives way
Lower highs below 54.250 after a sweep-and-reclaim of 53.016.
The Asia session drop to the 53.446 asia low extended Thursday's liquidation, and the 54.557 europe high marked a failed bounce. The early-NY flush to the 53.016 day low around the US data releases was reclaimed within one bar. Since then the 54.250 rebound high has given way to a lower high near 54.100, with price pinned just under the EMAs and RSI(14) neutral around 46.
Support: 53.821, 53.446, 53.016
Resistance: 54.10, 54.25, 54.557
What it said to watch
M15 close below the 53.821 swing low (near the 38.2% of the rebound fib) reopens the 53.446 asia low
Break above the lower-high trendline at 54.100 and a close over the 54.250 rebound high would expose the 54.557 europe high
Friday late-NY liquidity thinning; weekend oil/geopolitical gap risk could reset the opening structure
Fed decision Wed 18:00 UTC, with Durable Goods Tue 12:30 UTC first, remains the larger catalyst for silver
NY sweep to 53.02 reclaimed; lower highs below 54.25 into late NY.
Silver hit an Asian low of 53.45, then faded from the 54.56 Asian high, and London compressed between 53.73 and 54.10. The PMI and Michigan beats around the NY open triggered a sweep to 53.02 that was reclaimed within one bar. Late NY is drifting under a lower-highs line from the 54.25 NY high, sitting on the 23.6% retracement of the post-sweep rebound.
Support: 53.82, 53.45, 53.02
Resistance: 54.10, 54.25, 54.56
What it said to watch
Close below the 53.82 pullback low puts the 53.45 Asian low and the 50% rebound retracement near 53.63 back in play
Close above the 54.10 lower high breaks the lower-highs line and reopens the 54.25 NY high
Retest of the 53.02 sweep low would test whether the NY rejection holds
Friday close: weekend oil/geopolitical gap risk ahead of Wed Fed decision
NY sweep below Asian low reversed; consolidating 53.82–54.25.
The Asia session sell-off left a 53.446 Asian low. Around the 14:00 UTC Michigan release, NY flushed through it to a 53.016 sweep low, then recovered the whole move in the next bar, a false break. Price has since held a 53.82 swing low under the 54.25 session high, with RSI(14) neutral near 53 late in NY.
Support: 53.821, 53.446, 53.016
Resistance: 54.25, 54.557
What it said to watch
M15 close above the 54.25 session high exposes the 54.557 swing high
Close below the 53.82 swing low puts the 53.63–53.49 fib zone and 53.446 Asian low back in play
Break of the 53.016 sweep low would negate the false-break read
Friday close and weekend oil/geopolitical gap risk could reset this structure
18:04 UTC
Post-flush rebound, stalling into late NY · RSI 52 · price 53.988
Consolidation 53.82–54.25 after a sweep of the Asian low.
The US PMI/Michigan beats triggered a flush through the 53.45 asian low to a 53.02 spike low, a fresh YTD low, which reversed within one bar. Late in the NY session, price is holding a 53.82–54.25 band with RSI(14) neutral near 52. Lower highs off the 54.25 ny high keep the rebound well below the 54.56 asian high.
Support: 53.82, 53.45, 53.02
Resistance: 54.25, 54.56
What it said to watch
Close below the 53.82 swing low puts the 53.45 asian low and the 53.02 spike low back in play
Close above the 54.25 ny high opens the path to the 54.56 asian high
Thin late-Friday trade; Durable Goods Tue and FOMC Wed Oct 28 18:00 UTC are the next catalysts for this read
17:47 UTC
Sideways after NY flush, fading from rebound high · RSI 48 · price 53.92
Lower highs from 54.25, back inside London range 53.71–54.10.
After the US data, NY flushed through the 53.45 ytd low to 53.02 and reclaimed it within one bar. The rebound stalled at the 54.25 ny high, and lower highs since have returned price inside the London range (53.71 london low to 54.10 range top), holding just above the 53.82 swing low with RSI flat near 48.
Support: 53.82, 53.71, 53.45
Resistance: 54.10, 54.25
What it said to watch
M15 close below the 53.82 swing low exposes the 53.71 london low
Failure to hold the 53.45 ytd low reopens the 53.02 NY flush low and voids the reclaim
Close above the 54.10 range top, then the 54.25 ny high, breaks the lower-high sequence off the NY rebound
Late Friday NY hours into the weekly close; thin liquidity can exaggerate moves near 53.45 ahead of next week's FOMC
17:32 UTC
Range after sharp NY spike, lower highs forming · RSI 44 · price 53.90
False break below asia low reclaimed; lower highs below 54.25 ny high.
The firm Michigan sentiment print drove a sweep of the 53.446 asia low to 53.016, reclaimed within one bar. The rebound was rejected twice at 54.25, and lower highs have since pulled price back below the 54.10 london high to 53.90, about a 28% retrace on the ny spike fib, with RSI(14) near 44 and price under both EMAs.
Support: 53.712, 53.446, 53.016
Resistance: 54.103, 54.25, 54.557
What it said to watch
M15 close above the 54.25 ny high breaks the lower-high sequence and puts the 54.557 spike high from Asia in view
Failure to hold the 53.71 london low exposes the 53.446 asia low, the 61.8% of the ny spike fib near 53.49, and the 53.016 ny low
Late-Friday NY liquidity is thin and no US data is due in the next 8h; Durable Goods (Tue) and FOMC (Wed) are the next scheduled risk
17:05 UTC
Range after NY sweep low, rebound stalling · RSI 50 · price 54.001
V-reversal from 53.016, lower highs below 54.25 since London close.
After the US PMI and Michigan beats, the NY session swept the London low near 53.71 to a fresh session low at 53.016, then reversed sharply back above 54.00. The rebound capped twice at 54.25, forming a double top. After London close, price has slipped back onto the 54.00 swing low, with RSI(14) flat near 50 and price only fractionally above both EMAs.
Support: 53.975, 53.712, 53.016
Resistance: 54.25, 54.557
What it said to watch
M15 close below the 53.975 swing low completes the double top and exposes the 53.71 london low, near the 38.2% fib of the sweep rebound (~53.78)
M15 close above the 54.25 double top reopens the 54.557 asia bounce high, where the earlier recovery failed
A break below the 53.016 session low would mark a new low and extend the sweep leg
Thin late-Friday NY liquidity and weekend US–Iran/oil headlines could materially shift this read at the reopen
16:47 UTC
Intraday recovery after NY sweep, momentum flattening · RSI 55 · price 54.154
Higher lows since 53.016, capped at 54.25 session high.
The firm Michigan print at 14:00 UTC triggered a sweep below the Asian 53.446 low to the 53.016 NY low, reversed within a bar. The NY recovery has since stalled into a 54.03–54.25 consolidation, with the session high rejected twice and a 54.026 higher low holding. RSI(14) is neutral near 55 and ATR(14) is about 280 pips.
Support: 54.026, 53.846, 53.016
Resistance: 54.25, 54.557, 54.724
What it said to watch
M15 close above the 54.25 session high opens the 54.557 bounce high from the Asian-session squeeze, then the 54.724 asian high
Break of the 54.026 higher low and the rising lows line puts the 53.846 swing low back in play
Loss of 53.846 exposes the 53.016 ny low, which marks the extreme of today's sweep
Late-Friday thin liquidity and weekend US–Iran/oil headlines could gap the next open
16:32 UTC
Downtrend, sweep-led rebound in NY · RSI 53 · price 54.049
False break below London range, price back near range top.
Firm US PMI and Michigan data drove NY through the London low at 53.71 to a fresh session low of 53.016. That sweep low was fully reclaimed within one bar, and the NY rebound has since capped twice at the 54.25 NY high. Price now holds just above the 54.00 round number, with RSI(14) neutral near 53 and the 54.557 Asia high the upper bound of the day's bounce.
Support: 54.00, 53.712, 53.016
Resistance: 54.25, 54.557
What it said to watch
M15 close above the 54.25 NY high opens the 54.557 Asia high
Loss of the 54.00 round number puts the 53.71 London low back in play
Failure to hold 53.71 reopens the 53.016 sweep low and negates the false-break read
Weekend US–Iran and oil headlines could materially shift this read into Monday's open
16:17 UTC
Down-day, sharp NY rebound off sweep low · RSI 57 · price 54.138
False break below London range, recovered into upper half.
Around the US PMI/Michigan releases the NY session drove through the London low at 53.712 to a sweep low at 53.016, then reversed straight back into the 53.71–54.12 range. Price is now capped at the NY high at 54.25, tested twice near the 78.6% of the drop fib, with RSI(14) neutral at 57 and the psych 54.00 just below.
Support: 54.00, 53.712, 53.016
Resistance: 54.25, 54.557
What it said to watch
M15 close above the NY high at 54.25 opens the 05:30 swing high at 54.557
Loss of psych 54.00 puts the London low at 53.712 back in play
A return below 53.712 negates the false break and re-exposes the sweep low at 53.016
Thin late-Friday liquidity and weekend US–Iran/oil headlines could gap the open; FOMC Wed Oct 28 is the main catalyst
Higher lows since the 53.016 sweep, capped twice at 54.25.
The US data window at 14:00 UTC produced a sweep to 53.016, well below the 53.446 Asian low, and the move was reclaimed within one bar. NY has since built rising lows above the 54.00 round number, with the 54.25 NY high capping twice. RSI(14) is neutral near 55 and ATR runs about 300 pips in late NY trade.
Support: 54.00, 53.712, 53.016
Resistance: 54.25, 54.557
What it said to watch
An M15 close above the 54.25 NY high opens a retest of the 54.557 Asia bounce high
A break of the rising lows and back below the 54.00 round number returns price to the London range
Failure to hold the 53.712 London low exposes the 53.016 sweep low and fades the NY rebound
Thin Friday close liquidity and weekend US–Iran/oil headlines could gap this read
15:47 UTC
Downtrend, sharp NY rebound off fresh low · RSI 54 · price 54.047
False break below Asian low, back inside London range.
Early NY session swept below the Asian low at 53.446 to a fresh low at 53.016, then reversed within one bar back into the London range (53.71–54.12). Price now sits just under the london high and above the fib 61.8 at 53.97, RSI(14) neutral near 54. Firm US PMI and Michigan prints gave silver no relief; the extended rebound reflects demand stepping in at the low, not a change in the broader slide.
Support: 53.968, 53.712, 53.016
Resistance: 54.117, 54.25, 54.557
What it said to watch
M15 close above the 54.25 ny high breaks the intraday lower-high sequence and exposes the 54.557 bounce high
Loss of the fib 61.8 at 53.97 and then the 53.71 london low would turn the reclaim into a failed false break and put the 53.016 ny low back in play
Friday close into weekend US–Iran/oil headlines, with FOMC Wed, could materially shift this read
False break below London range, now pressing above range top.
Silver flushed to the 53.016 NY low after the 14:00 UTC US data beats, sweeping the 53.446 Asian low and the 53.72 range low, then retraced the whole drop in one bar. Price is now holding just above the 54.10 london high (range top), past the 61.8% retrace of the 54.557 asia high to NY low move, with the 54.25 NY high capping and RSI(14) neutral near 56.
Support: 54.10, 53.72, 53.016
Resistance: 54.25, 54.557
What it said to watch
Holding above 54.10 london high keeps the false break below the range intact; a slip back inside points to the 53.72 range low
M15 close above the 54.25 NY high exposes the 54.557 asia high, top of the failed overnight bounce
Loss of the 53.72 range low reopens the 53.016 NY low
Weekend US–Iran and oil headlines into the Friday close could gap this read; FOMC Wed Oct 28 18:00 UTC is the next major catalyst
NY sweep below Asian low reclaimed; pressing London range top.
Early in the NY session silver broke the 53.446 Asia low and spiked to a 53.016 sweep low after the firm Michigan print, then reversed the full leg within one bar. Price is now testing the 54.10–54.12 London range top above both EMAs. RSI(14) is neutral near 55 and ATR has expanded to about 300 pips.
Support: 53.712, 53.446, 53.016
Resistance: 54.117, 54.557
What it said to watch
M15 close above the 54.117 range top opens the 54.557 asia high, near the 78.6% of the swing fib
Slip back below the 53.712 range low turns the sweep reversal into chop inside the London range
Loss of the 53.016 sweep low resumes the liquidation slide toward the 53.00 area
Weekend US–Iran or oil headlines could gap the Asia open; FOMC Wed is the next major catalyst
15:04 UTC
Downtrend, stalled in a range · RSI 50 · price 53.953
53.71–54.12 range since London open; NY false break to 53.016 reclaimed.
Silver has held a 53.71 range low to 54.12 range top since London open, after the Asia low at 53.446 and the failed bounce high at 54.557. Firm US data around the Michigan sentiment release drove a NY-session spike to a fresh NY low at 53.016. That move was reclaimed within one bar, and price now sits near the 61.8% retrace of the drop, with RSI(14) neutral near 50.
Support: 53.712, 53.446, 53.016
Resistance: 54.117, 54.557
What it said to watch
M15 close above the 54.12 range top opens a test of the 54.56 bounce high
Loss of the 53.71 range low puts the 53.446 Asia low and 53.016 NY low back in play
ATR near 300 pips after the NY spike; expect wide intraday swings
Late-Friday thin liquidity and weekend US–Iran / oil headlines could shift this read at the open
14:47 UTC
Down intraday, stabilising in range after NY flush · RSI 50 · price 53.859
Lower highs since the Asia bounce high; 53.71–54.12 London range held after a swept low.
London capped silver in a 53.71–54.12 range under a lower-highs line from the 54.56 Asia bounce high. In the first hour of NY, after the firm Michigan and PMI beats, price flushed through the London low and the Asian low to a 53.02 sweep low, then reclaimed the range within one bar, about 77% of the drop retraced. RSI(14) sits near 50 and ATR is elevated at roughly 290 pips.
Support: 53.712, 53.446, 53.016
Resistance: 54.117, 54.557
What it said to watch
An M15 close back below the 53.71 London low turns the reclaim into a failed bounce and puts the 53.45 Asian low and 53.02 sweep low back in play
An M15 close above the 54.12 range top breaks the lower-highs line and exposes the 54.56 bounce high
No US data due in the next 8h; Durable Goods on Tue and FOMC on Wed are the next scheduled catalysts, with weekend US–Iran and oil headlines as gap risk
14:31 UTC
Downtrend, fresh leg lower · RSI 24 · price 53.12
Range break lower, new session low under the Asian low.
Silver lost the 53.71–54.12 range that held through London once the firm US PMI and Michigan prints landed. A single bar of roughly 70 cents in the first hour of NY took out the Asian low at 53.446 and set a session low at 53.016. RSI(14) is near 24 and price is sitting on the 53.00 round number, with lower highs from the failed 54.557 bounce still intact.
Support: 53.016, 53.00
Resistance: 53.446, 53.712, 54.117
What it said to watch
Reclaim of the 53.446 asian low, also the 38.2% fib of the 54.117–53.016 drop, would flag a false break
M15 close back above the 53.712 range floor invalidates the breakdown read
Acceptance below the 53.016 session low and 53.00 round number extends the lower-low sequence
Lower-highs trendline from 54.557 caps price unless the 54.117 range top gives way
Weekend US–Iran/oil headlines and Wed FOMC could materially shift this read
Range break lower from the 53.71–54.12 London/NY range.
The PMI spike to the 54.12 NY high at 13:45 UTC faded, and the 14:00 UTC UoM bar slipped back, taking price below the 53.71 range floor that had held since London open. That extends the lower highs from the 54.56 Asia bounce. The 53.575 Asia swing low and the 53.446 YTD low are next, with RSI(14) near 39 and not stretched.
Support: 53.575, 53.446
Resistance: 53.712, 54.117
What it said to watch
A 15m close back above the 53.71 range floor would turn the break into a false break
Failure to hold the 53.575 swing low leaves the 53.446 YTD low exposed
A close above the 54.12 ny high breaks the lower highs trendline
UoM inflation-expectations follow-through during NY hours could materially shift this read
14:03 UTC
Downtrend, compressing into a range · RSI 52 · price 53.961
Asia flush to the YTD low and a lower high, then a London-NY range of 53.71–54.12.
The Asian session flushed silver to the 53.446 YTD low on liquidation selling. The bounce stalled at the 54.557 lower high. Since London open, price has been boxed in between the 53.71 range low and the 54.12 range top, and the post-PMI 13:45 UTC bar tagged the range top before slipping back to 53.96.
Support: 53.712, 53.446
Resistance: 54.117, 54.557
What it said to watch
M15 close above the 54.12 range top breaks the London-NY range and brings the 54.557 lower high back into play
Failure to hold the 53.71 range low exposes the 53.446 ytd low
UoM 1y inflation expectations at 14:00 UTC (f/c 4.7%) are hitting the current bar and could decide which side of the range breaks
A break of the lower highs trendline would mark the first shift in the intraday swing sequence
13:46 UTC
Downtrend, compressing into a tight range · RSI 48 · price 53.857
Post-plunge range 53.71–54.10 below lower highs.
Asia session liquidation took silver to a fresh ytd low at 53.446. The early-Europe bounce to 54.557 met rejection, and since London open price has held a 53.71–54.10 range, with the session low defended twice into the NY open. Lower highs keep the bounce high capping, and price sits just under both EMAs with RSI(14) neutral near 47, so there is no momentum extreme into the US data.
Support: 53.712, 53.446
Resistance: 54.103, 54.557
What it said to watch
US PMIs at 13:45 UTC and UoM inflation expectations at 14:00 UTC could break the range in either direction
M15 close below the 53.71 session low exposes the 53.446 ytd low
M15 close above the 54.10 session high breaks the lower-highs line and brings the 54.557 bounce high back into view
Tight London range inside the Asian range, lower highs.
Liquidation pushed silver to a fresh YTD low at 53.446 in the Asia session. The bounce to 54.557 faded, and London and early NY have since compressed into a 53.71–54.10 range below a line of lower highs. RSI(14) sits neutral near 51 ahead of the US PMIs.
Support: 53.712, 53.446
Resistance: 54.103, 54.557
What it said to watch
M15 close below the 53.71 session low exposes the 53.446 YTD low
Close above the 54.10 session high breaks the lower highs, with the 54.557 bounce high next
US flash PMIs at 13:45 UTC and UoM inflation expectations at 14:00 UTC could materially shift this read
13:17 UTC
Downtrend, compressing into NY open · RSI 47 · price 53.825
Lower highs from 54.557; tight 53.71–54.10 London range.
Silver hit a fresh 53.446 YTD low in the Asia session as liquidation continued. The bounce to the 54.557 bounce high faded, leaving lower highs. Since London open, price has held a narrow range between the 53.712 London low and the 54.103 London high, with RSI(14) near 47 and price under both EMAs ahead of the US PMIs.
Support: 53.712, 53.446
Resistance: 54.103, 54.557
What it said to watch
US flash PMIs at 13:45 UTC and the UoM 1y inflation expectations at 14:00 UTC could break the London range either way
A close below the 53.712 London low exposes the 53.446 YTD low
A close above the 54.103 London high breaks the lower-highs sequence and opens the 54.557 bounce high
13:04 UTC
Downtrend, compressing near lows · RSI 44 · price 53.733
Lower highs inside a 53.71–54.10 range after the overnight flush to the YTD low.
The Asia-session liquidation hit the 53.45 YTD low. The rebound high at 54.56 then faded, and price has compressed into a 53.71–54.10 range since London. Highs keep stepping lower under the lower-high trendline, and a fresh range low printed into the London-NY transition, with RSI(14) near 44 and price below both EMAs.
Support: 53.712, 53.575, 53.446
Resistance: 54.103, 54.557
What it said to watch
M15 close below the 53.71 range low exposes the 53.58 asia low and the 53.45 ytd low
M15 close above the 54.10 range high breaks the lower-high trendline and puts the 54.56 rebound high back in view
US flash PMIs at 13:45 UTC and UoM inflation expectations at 14:00 UTC could materially shift this read
12:46 UTC
Downtrend, paused in a London range · RSI 46 · price 53.878
Lower highs from the 54.56 Asian high; flat 53.73–54.10 box since London open.
The Asia-session liquidation flush printed the 53.45 ytd low, and the rebound failed at the 54.56 asian high. Since then silver has been boxed between the 53.73 london low and the 54.10 range top, sitting just under EMA20 with RSI(14) flat near 46 ahead of the 13:45 UTC PMIs.
Support: 53.731, 53.446
Resistance: 54.103, 54.557
What it said to watch
US flash PMIs at 13:45 UTC and UoM 1y inflation expectations at 14:00 UTC are the likely catalysts for a break of the London range
An M15 close below the 53.73 london low reopens the 53.45 ytd low
An M15 close above the 54.10 range top and the lower-high line shifts focus to the 54.56 asian high
12:31 UTC
Downtrend, compressing into a London range · RSI 42 · price 53.805
Lower highs below 54.56; London session range 53.73–54.10.
Asian liquidation printed a 53.45 YTD low, then the bounce met rejection at the 54.56 prior high near broken 54.50 support. London has since held a 53.73–54.10 session range with highs stepping lower along the descending line. Price sits near the session low into the 13:45 UTC PMIs, RSI(14) ~42 and below both EMAs.
Support: 53.73, 53.575, 53.446
Resistance: 54.10, 54.557
What it said to watch
M15 close below the 53.73 session low reopens the 53.58 swing low and the 53.45 YTD low
Close above the 54.10 session high and the descending line breaks the lower-high sequence, with the 54.56 prior high next
US flash PMIs at 13:45 UTC and UoM 1y inflation expectations at 14:00 UTC could materially shift this read
12:17 UTC
Downtrend, compressing near lows · RSI 47 · price 53.866
Lower highs since the Asia rebound high, London range 53.731–54.103.
Silver flushed to the 53.446 ytd low in Asia, then bounced to the 54.557 rebound high. Since then it has retraced to the 61.8% of that rebound, and London has compressed in a 53.731–54.103 band under a line of lower highs. RSI(14) is neutral near 47, price sits under both EMAs into the London-NY transition, and oil-driven Fed-hike pricing keeps a lid on the metal.
Support: 53.731, 53.575, 53.446
Resistance: 54.103, 54.557
What it said to watch
S&P flash PMIs at 13:45 UTC and UoM inflation expectations at 14:00 UTC could materially shift this read
An M15 close below the 53.731 london low exposes the 53.575 swing low and the 53.446 ytd low
An M15 close above the 54.103 london high breaks the lower highs line and opens the 54.557 rebound high
12:03 UTC
Downtrend, compressing near lows · RSI 47 · price 53.909
Lower highs from 54.557, tight London range 53.73–54.10.
Silver extended Thursday's oil and USD-driven flush to a 53.446 ytd low in the Asia session, and the bounce to the 54.557 spike high faded under lower highs. London has compressed between the 53.73 range low and the 54.10 range top, with price pinned near the 61.8% fib of that rebound at 53.87. RSI is flat at 47 with price just under EMA20 ahead of NY.
Support: 53.87, 53.73, 53.446
Resistance: 54.10, 54.557
What it said to watch
M15 close above the 54.10 range top breaks the lower-highs sequence and exposes the 54.557 spike high
Failure to hold the 53.73 range low reopens the 53.446 ytd low
US flash PMIs at 13:45 UTC and UoM inflation expectations at 14:00 UTC could break the London range in either direction
11:46 UTC
Downtrend, stalled in a tight range · RSI 50 · price 53.925
London range 53.73–54.10 after the Asia low and a faded rebound.
Silver extended Thursday's breakdown to a 53.446 ytd low in Asia. The bounce to the 54.557 rebound high faded, and London has compressed between the 53.73 london low and the 54.10 london high. RSI(14) sits near 50 and price is pinned at EMA20, with no impulse in play ahead of the US flash PMIs.
Support: 53.731, 53.446
Resistance: 54.103, 54.557
What it said to watch
M15 close above the 54.10 london high breaks the range and exposes 54.14, the 50% retrace of the slide from the rebound high, then 54.557
Failure to hold the 53.73 london low reopens the 53.446 ytd low
US flash PMIs at 13:45 UTC and UoM inflation expectations at 14:00 UTC could materially shift this read
Tight London range 53.73–54.10 inside wide Asian range.
Late London, ahead of the NY open. Silver is compressing between the london low at 53.73 and the session high at 54.10, after Asia flushed to the 53.45 YTD low and the bounce stalled at 54.56. Price is chopping in the 61.8–78.6% zone of that rebound fib, flat on EMA20 with RSI(14) neutral near 53, while oil-driven inflation fears keep the tape heavy.
Support: 53.731, 53.446
Resistance: 54.103, 54.557
What it said to watch
M15 close above the 54.10 session high breaks the London range and puts the 54.56 bounce high back in focus
Loss of the 53.73 london low exposes the 53.45 YTD low
US flash PMIs at 13:45 UTC and UoM inflation expectations at 14:00 UTC could materially shift this read
Hold of the 78.6% rebound fib near 53.68 keeps the Asia rebound structure intact
11:16 UTC
Downtrend, pausing in a tight London range · RSI 47 · price 53.927
Lower highs and higher lows compressing inside the 53.73–54.09 London range.
Thursday's NY breakdown extended into a flush to the 53.446 YTD low during the Asia session. The rebound to the 54.557 Asia high faded, and mid-London now has price coiling between the 53.731 London low and the 54.09 London high, with lower highs and higher lows narrowing the range. RSI(14) is flat near 47 and price is hugging EMA20 as oil-driven hike pricing keeps silver heavy.
Support: 53.731, 53.446
Resistance: 54.09, 54.557
What it said to watch
M15 close above the 54.09 London high breaks the lower highs and puts the 54.557 Asia high back in view
Failure to hold the 53.731 London low breaks the higher lows and exposes the 53.446 YTD low
S&P flash PMIs at 13:45 UTC and UoM inflation expectations at 14:00 UTC could resolve the compression either way
11:03 UTC
Downtrend, paused in tight London range · RSI 48 · price 53.927
Lower highs from 54.557; London compressing 53.731–54.090 inside the Asian range.
Asia flushed silver to a 53.446 ytd low before a rebound faded at the 54.557 swing high, leaving lower highs. Late London is compressing between the 53.731 session low and the 54.090 session high, sitting on EMA20 and below EMA50, with RSI(14) neutral near 48 as oil-driven inflation fears and Dec Fed-hike pricing keep the metal heavy.
Support: 53.731, 53.575, 53.446
Resistance: 54.09, 54.557
What it said to watch
US flash PMIs at 13:45 UTC and UoM inflation expectations at 14:00 UTC could break the London range
M15 close above the 54.090 session high breaks the lower-highs trendline and puts the 54.557 swing high back in play
Failure to hold the 53.731 session low exposes the 53.575 swing low and a retest of the 53.446 ytd low
Lower highs from 54.557 over a flat 53.73 base, London range.
Silver flushed to the 53.446 YTD low in Asia on oil-driven inflation fears and Dec Fed-hike bets. The bounce to the 54.557 europe high faded, and the London session is compressing between the 53.731 london low and the 54.09 london high under a line of lower highs. RSI(14) is flat near 47 and price is pinned around EMA20.
Support: 53.731, 53.446
Resistance: 54.09, 54.557
What it said to watch
M15 close below the 53.731 london low reopens the 53.446 ytd low
Close above the 54.09 london high breaks the lower highs line and exposes the 54.557 europe high
US flash PMIs at 13:45 UTC and UoM inflation expectations at 14:00 UTC could materially shift this read
Lower highs from 54.557, tight 53.73–54.09 London band.
Silver flushed to the 53.446 YTD low in the Asia session on oil-driven inflation and Fed-hike pricing. The bounce stalled at the 54.557 rebound high, and the market has since printed lower highs. London is compressed in a 53.731–54.09 band below EMA20/50, with price parked near the 61.8% of the rebound fib and RSI(14) neutral at ~45.
Support: 53.731, 53.575, 53.446
Resistance: 54.09, 54.557
What it said to watch
Break of the 53.731 london low exposes the 53.575 swing low and the 53.446 ytd low
M15 close above the 54.09 session high breaks the lower-highs line; 54.557 rebound high is next overhead
US flash PMIs at 13:45 UTC and UoM inflation expectations at 14:00 UTC are likely to resolve the London band
Lower highs from 54.557 Asia high, flat base near 53.73–53.75.
After Thursday's oil- and USD-driven flush to the 53.446 YTD low, silver has posted lower highs from the 54.557 Asia high. The London session range of 53.731–54.090 sits inside the Asian range, with demand holding the 53.73–53.75 base three times. RSI(14) is neutral near 46 and price is pinned at EMA20.
Support: 53.731, 53.575, 53.446
Resistance: 54.09, 54.267, 54.557
What it said to watch
M15 close below the 53.731 session low exposes the 53.575 swing low, then the 53.446 YTD low
M15 close above the 54.090 session high breaks the lower-highs line; the 54.267 bounce high is next
US flash PMIs at 13:45 UTC and UoM inflation expectations at 14:00 UTC could materially shift this read
10:03 UTC
Downtrend, compressing near lows · RSI 44 · price 53.874
Lower highs above the asia swing low, tight London range.
Silver's Asia flush to the 53.446 YTD low drew a rebound to the 54.557 session high that met rejection, leaving a lower-highs sequence. London is now compressing between the 53.731 London low and the 54.09 London high, above the 53.575 Asia swing, with RSI(14) near 44, price below both EMAs and oil-driven Fed-hike pricing keeping the metal heavy.
Support: 53.731, 53.575, 53.446
Resistance: 54.09, 54.557
What it said to watch
Break below the 53.731 london low exposes the 53.575 asia swing and the 53.446 ytd low
M15 close above the 54.09 london high breaks the lower-highs trendline and reopens the 54.557 session high
US flash PMIs at 13:45 UTC and UoM inflation expectations at 14:00 UTC could materially shift this read
09:47 UTC
Downtrend, compressing near lows · RSI 39 · price 53.783
Lower highs capping a tight London range above the YTD low.
Thursday's NY flush extended in the Asia session to a 53.446 ytd low on oil-led Fed-hike pricing. The early-Europe bounce stalled at the 54.557 lower high and has given back about 79% of its gain (bounce fib). Mid-London, price is compressing in a 53.73–54.09 range under falling lower highs, sitting back at the london low with RSI(14) near 39 and price below both EMAs.
Support: 53.731, 53.575, 53.446
Resistance: 54.09, 54.557
What it said to watch
M15 close below the 53.731 london low exposes the 53.575 swing low and the 53.446 ytd low
Close above the 54.090 london high breaks the lower-highs line; 54.557 lower high is next
US flash PMIs at 13:45 UTC and UoM inflation expectations at 14:00 UTC could materially shift this read
Lower highs from 54.557; London range 53.73–54.09 with rising lows.
The selloff extended in Asia to the 53.446 YTD low, below the 54.724 Asian high, on oil-driven inflation fears and December Fed-hike bets. The bounce to the 54.557 swing high faded into a 53.731 London low. Mid-London, price is compressing between that low and the 54.09 session high, with rising lows, price sitting on EMA20 and RSI(14) near 43.
Support: 53.731, 53.575, 53.446
Resistance: 54.09, 54.557, 54.724
What it said to watch
M15 close above the 54.09 session high, which lines up with the 38.2–50% fib zone (54.05–54.14), exposes the 54.557 swing high
Break of the rising lows and the 53.731 London low reopens the 53.575 swing low and the 53.446 YTD low
US flash PMIs at 13:45 UTC and UoM inflation expectations at 14:00 UTC could materially shift this read
09:17 UTC
Downtrend, pausing in a tight range · RSI 41 · price 53.921
Lower high at 54.557 swing high, London coiling 53.73–54.09 inside the Asian range.
Thursday's NY selloff, driven by oil-led Fed-hike bets, extended in Asia to the 53.446 ytd low before a bounce stalled at the 54.557 swing high. London is holding a 53.73–54.09 session range below both EMAs, with RSI(14) near 41 and the 38.2% fib of that 54.557 swing high decline overhead.
Support: 53.731, 53.575, 53.446
Resistance: 54.09, 54.557, 54.724
What it said to watch
M15 close below the 53.731 session low exposes the 53.575 swing low and the 53.446 ytd low
Close above the 54.09 session high reopens the 54.557 swing high, with the 54.724 asian high above
US flash PMIs at 13:45 UTC and UoM inflation expectations at 14:00 UTC could break the London range
Lower highs from the 54.557 Asia high against a flat 53.73–53.77 floor through early London.
Silver has handed back most of the Asia rebound from the 53.446 YTD low to the 54.557 Asia high and now sits near the 61.8% rebound fib. Early London has carved lower highs under the 54.00 round number while the 53.73 London low holds, with the price action tightening into a descending squeeze below EMA20/50. The oil-driven hike repricing behind Thursday's flush is still capping rebounds.
Support: 53.731, 53.575, 53.446
Resistance: 54.00, 54.27, 54.557
What it said to watch
M15 close below the 53.73 London low exposes the 53.575 swing low and the 53.446 YTD low
Close back above the 54.00 round number breaks the lower-high sequence; the 54.27 swing high is the next cap
US flash PMIs at 13:45 UTC and UoM inflation expectations at 14:00 UTC could materially shift this read
08:47 UTC
Downtrend, pausing in a tight range · RSI 49 · price 53.981
Lower highs from the 54.56 rebound high; 53.73–54.02 London range above the 53.45 low.
Silver has held a 53.73–54.02 range through the first two hours of London. That follows the Asian-session flush to the 53.45 ytd low and a bounce that faded from the 54.56 rebound high, with the oil-led selloff leaving lower highs intact. Price sits on EMA20 with RSI(14) near 49, and the London high lines up with the 38.2% retrace of the rebound high fade.
Support: 53.73, 53.58, 53.45
Resistance: 54.02, 54.27, 54.56
What it said to watch
M15 close above the 54.02 london high and then the 54.27 swing high would break the lower-high sequence from the 54.56 rebound high
Loss of the 53.73 london low exposes the 53.58 swing low and the 53.45 ytd low
Flash PMIs at 13:45 UTC and UoM inflation expectations at 14:00 UTC could materially shift this read
Lower highs off 54.557, London lows holding 53.73–53.77.
Silver sits in the lower third of the Asian range (54.724 asian high to the 53.446 ytd low), with early London contained between the 53.731 london low and the 54.020 london high, just under the descending line from the 54.557 swing high. The bounce off the 53.575 swing low has retraced about 78.6% of its gain and RSI(14) sits near 45. Oil-driven Fed-hike pricing keeps the post-Thursday rebound capped.
Support: 53.731, 53.575, 53.446
Resistance: 54.02, 54.557, 54.724
What it said to watch
M15 close above the 54.020 london high clears the descending line and opens the 54.557 swing high
Loss of the 53.731 london low exposes the 53.575 swing low and the 53.446 ytd low
Acceptance back above the 54.724 asian high invalidates the lower-high read
US flash PMIs at 13:45 UTC and UoM inflation expectations at 14:00 UTC could materially shift this read
Lower highs from 54.56, pressing London low above 53.58 swing low.
Silver printed a fresh YTD low at 53.45 in Asia on oil-driven Fed-hike fears. The bounce to the 54.56 swing high has since retraced more than 61.8%, and London has extended the lower-high sequence under the descending trendline, now pressing the 53.73 London low with RSI(14) neutral near 46 and price just under EMA20.
Support: 53.73, 53.58, 53.45
Resistance: 54.02, 54.56
What it said to watch
M15 close below the 53.73 London low extends the lower-high sequence toward the 53.58 swing low and the 53.45 YTD low
M15 close above the 54.02 lower high breaks the descending trendline, which would put the 54.56 swing high back in view
US flash PMIs at 13:45 UTC and UoM inflation expectations at 14:00 UTC could materially shift this read
08:03 UTC
Downtrend, Asia rebound fading · RSI 46 · price 53.838
Lower highs since 54.557, double print at 53.767 session low.
Asia printed a fresh YTD low at 53.446 on oil-driven Fed-hike fears, and the rebound was rejected at the 54.557 swing high. London has faded that rebound on a lower-high sequence into a 53.767 session low, tested twice, with price just under the 61.8% retrace and RSI(14) near 46.
Support: 53.767, 53.575, 53.446
Resistance: 54.02, 54.557
What it said to watch
Break of the 53.767 session low exposes the 53.575 swing low and the 53.446 YTD low
M15 close above the 54.02 lower high breaks the lower highs trendline and reopens the 54.557 swing high
US flash PMIs at 13:45 UTC and UoM inflation expectations at 14:00 UTC could materially shift this read
Lower highs from 54.557 after the Asia YTD-low bounce; price pinned at 54.00.
Silver extended the oil and Fed-hike driven selloff to a 53.446 YTD low in Asia, bounced to a 54.557 swing high, then faded through lower highs into the London open. Price is pinned at the 54.00 round number, which is also the 50% rebound fib, while the London low at 53.767 holds for now. RSI(14) is neutral near 52 and price sits just under both EMAs.
Support: 53.767, 53.575, 53.446
Resistance: 54.00, 54.35, 54.557
What it said to watch
Break of the 53.767 London low exposes the 53.575 swing low and the 53.446 YTD low
M15 close above the lower-high line and the 54.350 lower high ends the fade from the 54.557 swing high
US PMIs at 13:45 UTC and UoM inflation expectations at 14:00 UTC could materially shift this read
Lower highs off 54.557, pressing the 53.77 session low.
Silver printed the 53.446 ytd low in Asia on oil-driven inflation and Fed-hike pricing. The late-Asia rebound was rejected at the 54.557 bounce high, and the London session has extended a lower-high sequence toward the 53.767 session low, which sits at the 78.6% retracement of that rally. Price is below EMA20 near the 54.00 round number, RSI 43 has room either way, and ATR is about 237 pips.
Support: 53.767, 53.575, 53.446
Resistance: 54.00, 54.35, 54.557
What it said to watch
A break of the 53.767 session low and 78.6% rally fib exposes the 53.575 swing low, then the 53.446 ytd low
A close back above the 54.00 round number, EMA20 and the lower-highs trendline challenges the fade; the 54.35 lower high is next
Recovery through the 54.557 bounce high would negate the lower-high sequence
13:45 UTC US PMIs and 14:00 UTC UoM inflation expectations could materially shift this read
07:17 UTC
Downtrend, Asia bounce fading · RSI 47 · price 53.898
Lower high at 54.557 below the asian high; higher low at 53.575 being tested toward.
Silver printed a fresh YTD low at 53.446 in Asia on crude-driven Fed-hike fears. The bounce off the 53.575 higher low was rejected at the 54.557 swing high and has slid back under psych 54.00, pressing the london low near 53.86 in the first bar of London. That is beyond the 61.8% fib of the bounce, with RSI(14) neutral near 47.
Support: 53.862, 53.575, 53.446
Resistance: 54.00, 54.557, 54.724
What it said to watch
Close below the 53.575 higher low puts the 53.446 ytd low back in play
Reclaim of psych 54.00 eases pressure, but the 54.557 swing high and 54.724 asian high cap the lower-high sequence
US S&P PMIs at 13:45 UTC and UoM inflation expectations at 14:00 UTC could materially shift this read
Lower highs off 54.557 swing high; higher low at 53.575 above Asian low.
Asia flushed to a fresh YTD low at the 53.446 Asian low on oil-driven Fed-hike pressure. A higher low at 53.575 fed a pop to the 54.557 swing high, which was rejected below the Asian range top. Early London is fading back under the 54.00 round number via a lower high at 54.35, and price sits on the 61.8% fib of that bounce.
Support: 53.575, 53.446
Resistance: 54.00, 54.35, 54.557
What it said to watch
Failure to hold the 53.575 higher low re-exposes the 53.446 Asian low
M15 close back above the 54.35 lower high breaks the lower-high sequence toward the 54.557 swing high
Acceptance below the 54.00 round number keeps the bounce in retracement mode
US flash PMIs at 13:45 UTC and UoM inflation expectations at 14:00 UTC could materially shift this read
06:47 UTC
Downtrend, rebound fading · RSI 46 · price 54.03
Higher low at 53.575 after the YTD low; lower highs forming below 54.557.
Asia extended Thursday's NY slide to a fresh YTD low at 53.446 on crude-driven Fed-hike fears. The second leg down held a higher low at the 53.575 swing low before the rebound was rejected at 54.557. Price has faded back onto the 54.00 psych handle ahead of London open, inside the 50–61.8% rebound fib zone, below EMA20 and EMA50 with RSI(14) neutral near 46.
Support: 54.00, 53.575, 53.446
Resistance: 54.35, 54.557, 54.724
What it said to watch
M15 close below the 53.575 swing low reopens the 53.446 YTD low
Recovery above the 54.35 lower high breaks the lower highs line, exposing the 54.557 rebound high and 54.724 Asian high
US flash PMIs at 13:45 UTC and UoM inflation expectations at 14:00 UTC could materially shift this read
Higher low after Asia low, rebound high rejected, mid-Asian-range.
Silver printed a fresh YTD low at 53.446 in Asia on oil-driven Fed-hike pricing, then set a higher low at 53.575. The spike to 54.557 was rejected, and price is back near 54.10, the 50% rebound fib, ahead of London open. RSI(14) is neutral near 53 and ATR(14) is about 235 pips.
Support: 54.00, 53.575, 53.446
Resistance: 54.557, 54.724
What it said to watch
A close back below the 54.00 round number exposes the 53.575 higher low and the 53.446 YTD low.
A recovery above the 54.557 rejection high puts the 54.724 Asian high back in play.
US flash PMIs at 13:45 UTC and UoM inflation expectations at 14:00 UTC could materially shift this read.
06:17 UTC
Downtrend, Asian bounce stalling · RSI 53 · price 54.255
Higher low at 53.575 off the session low; bounce rejected below the 54.724 Asian high.
Asia extended Thursday's NY-session breakdown to a 53.446 session low, with oil-driven Fed-hike fears keeping silver heavy. A higher low at 53.575 fed a bounce that met rejection at the 54.557 bounce high, just above the prior low at 54.47. Price now sits near the 61.8% retrace of the Asian drop, with RSI(14) neutral near 53.
Support: 54.099, 53.575, 53.446
Resistance: 54.471, 54.557, 54.724
What it said to watch
A close above the 54.557 bounce high reclaims the prior low and exposes the 54.724 Asian high
Loss of the 54.10 recent low brings the 53.575 higher low and the higher-low line back into focus
A break of the 53.446 session low resumes the lower-low sequence
US PMIs at 13:45 UTC and UoM inflation expectations at 14:00 UTC could materially shift this read
Higher low at 53.575, 54.27 swing high broken, capped at 54.56.
Silver extended Thursday's oil-driven slide in Asia to a 53.446 session low. A higher low at 53.575 and a break of the 54.27 swing high lifted price to a 54.557 rally high, where supply capped the move below the 54.724 asia high. Price sits above EMA20 but under EMA50, with RSI(14) neutral near 51 and London open about an hour out.
Support: 53.922, 53.575, 53.446
Resistance: 54.557, 54.724, 55.00
What it said to watch
A close back below the 53.922 pullback low (61.8% bounce fib) weakens the higher low read; losing 53.575 reopens the 53.446 session low
A close above the 54.557 rally high puts the 54.724 asia high and the 55.00 round number in play
US PMIs at 13:45 UTC and UoM inflation expectations at 14:00 UTC could materially shift this read
Higher low at 53.575, lower-high sequence broken above 54.267.
Silver extended Thursday's oil-driven slide in Asia to 53.446, then set a higher low at 53.575 and squeezed back above the 54.00 psych level and the 54.267 prior high, completing a small double bottom. The rebound is stalling just under the 54.557 session high and the 54.724 asian high, with RSI(14) near 57 and price pinned at EMA50 ahead of London open.
Support: 54.267, 54.00, 53.575
Resistance: 54.557, 54.724
What it said to watch
M15 close back below the 54.267 prior high fails the double bottom breakout
Break of the 53.575 higher low and rising trendline resumes the downtrend sequence
Acceptance above the 54.724 asian high opens the 55.00 area
US PMIs 13:45 UTC and UoM inflation expectations 14:00 UTC could materially shift this read
Asia lower-low at 53.446, then a higher low at 53.575; price testing the 54.27 neckline.
Thursday's oil-driven slide in silver extended in Asia to a 53.446 asia low. A higher low followed at 53.575, and the late-Asia bounce is now pressing the 54.27 neckline, above the 61.8% retracement of the 54.724–53.446 Asia drop. Price sits above EMA20 but below EMA50, with RSI(14) neutral near 53 and ATR around 205 pips.
Support: 53.922, 53.575, 53.446
Resistance: 54.27, 54.50, 54.724
What it said to watch
M15 close above the 54.27 neckline confirms the double bottom and exposes psych 54.50, then the 54.724 pre-drop hi
Loss of the 53.922 pullback low turns the bounce into a lower high; below the 53.575 higher low the Asia low comes back into play
London open in ~1.5h is likely to test whether the Asian range extremes hold
US flash PMIs at 13:45 UTC and UoM inflation expectations at 14:00 UTC could materially shift this read
Lower highs from 54.724; higher low at 53.575 forming.
Asia broke Thursday's NY low near 54.47 and the 54.00 psych level, printing a 53.446 Asia low as oil-driven Fed-hike fears extended Thursday's 5% slide. A higher low at 53.575 then a push to 54.086, the 50% fib of the Asia drop, leaves price hugging EMA20 with RSI(14) near 46.
Support: 54.00, 53.575, 53.446
Resistance: 54.086, 54.267, 54.50
What it said to watch
A close above the 54.267 lower high breaks the Asia lower-high chain and brings the 54.50 breakdown zone into view
Failure to hold the 54.00 psych level and the 53.575 higher low reopens the 53.446 Asia low
Rejection at the 50% fib at 54.086 into London open keeps the downtrend structure intact
US flash PMIs at 13:45 UTC and UoM inflation expectations at 14:00 UTC could materially shift this read
05:05 UTC
Downtrend, rebound faded · RSI 40 · price 53.766
Lower highs from 54.27 and 54.05, lows compressing at 53.45–53.58.
Friday's Asia session extended Thursday's oil-driven slide, breaking the 54.47 thu low and the $54 handle to a 53.446 asian low. The rebound was rejected at the 61.8% fib near 54.27 and has since printed lower highs at 54.05. Late in Asia, ahead of London open, price sits below both EMAs with RSI(14) near 40 and is holding just above the 53.575 swing low.
Support: 53.575, 53.446
Resistance: 54.049, 54.267, 54.471
What it said to watch
Close above the 54.05 lower high breaks the lower highs trendline and the descending sequence
Failure to hold the 53.575 swing low exposes the 53.446 asian low
Reclaim of the 54.47 thu low would undo the Asia range break
US PMIs at 13:45 UTC and UoM inflation expectations at 14:00 UTC could materially shift this read
Asian range broken lower; lower highs pressing toward the session low.
Silver broke below the overnight 54.36–54.72 range at 01:00 UTC, extending Thursday's oil-driven slide to the 53.446 asia low. The bounce stalled at the 54.267 bounce high, near the 61.8% fib. Since then a run of lower highs around 54.05 has pushed price back toward the low, with RSI(14) near 36 and not yet oversold.
Support: 53.446
Resistance: 54.05, 54.267, 54.471
What it said to watch
Break below the 53.446 asia low extends the lower-low sequence
A close above the 54.05 lower highs and the descending trendline invalidates the lower-high structure, putting the 54.267 bounce high in focus
Reclaim of the 54.471 ny low would return price to Thursday's NY range
US PMIs at 13:45 UTC and UoM inflation expectations at 14:00 UTC could materially shift this read
Lower-high chain below 54.05 after Asia range break.
Late in the Asia session, silver is extending Thursday's oil-driven slide. Asia broke the 54.47 range floor and the 54.00 handle, printing a 53.446 asia low. The bounce stalled at the 54.267 bounce high, and a lower-high chain along the trendline has since pressed price back to the 53.627 recent low. RSI(14) sits near 36, soft but not stretched.
Support: 53.627, 53.446
Resistance: 54.049, 54.267, 54.471
What it said to watch
A close below the 53.446 asia low confirms a fresh lower-low
Reclaiming the 54.049 lower high and the trendline breaks the lower-high chain
Recovery back above the 54.471 range floor would negate the Asia breakdown
London open is the first test of the 53.627 recent low
US flash PMIs at 13:45 UTC and UoM inflation expectations at 14:00 UTC could materially shift this read
Asian range break lower; lower-high chain 54.267 → 54.049, retesting the session low area.
Silver broke the early Asian range and the prior low at 54.47 around 01:00 UTC. The drop from 54.72 extended to a session low at 53.446, with oil-driven Fed-hike fears still the driver. The bounce stalled at the 54.267 swing high near the 61.8% retracement, and lower highs since have pressed price back under the 54.00 round number to a micro low at 53.72, with RSI(14) near 34.
Support: 53.722, 53.446
Resistance: 54.00, 54.267, 54.47
What it said to watch
Break of the 53.446 session low extends the lower-low sequence
Reclaim of the 54.00 round number and the 54.267 swing high invalidates the lower-highs read
Prior low at 54.47 sits above as the former range floor
US flash PMIs 13:45 UTC and UoM inflation expectations 14:00 UTC could materially shift this read
LH/LL sequence; post-low bounce capped at 61.8%, price drifting back toward the Asia low.
Silver extended Thursday's oil-driven slide in the Asia session. It broke 54.00 and set an asia low at 53.446, and the bounce saw rejection at the 54.267 bounce high, just above the 61.8% fib. Lower highs near 54.05 have capped every push since, and price now sits at 53.81 with RSI(14) near 38, below both EMAs.
Support: 53.446, 53.00
Resistance: 54.05, 54.267, 54.724
What it said to watch
Failure to hold the 53.446 asia low resumes the leg, with the 53.00 round number next
An M15 close above the 54.267 bounce high breaks the lower-high chain; the 54.724 asia high caps above
Repeated stalls under the 54.05 lower highs keep the drift toward the lows intact
US flash PMIs at 13:45 UTC and UoM inflation expectations at 14:00 UTC could materially shift this read
03:47 UTC
Downtrend, pausing after Asia flush · RSI 44 · price 54.022
Lower highs from 54.72; tight base above 53.84 swing low.
Asia session extended Thursday's oil- and hike-driven liquidation, cutting through 54.00 to an asia low at 53.446 before the bounce stalled at a 54.27 lower high, just above the 61.8% fib. Price is now compressing between the 53.84 swing low and 54.05, below EMA20, with RSI(14) back to a neutral 44 after the flush.
Support: 53.843, 53.446
Resistance: 54.267, 54.724
What it said to watch
M15 close above the 54.27 lower high breaks the lower-high sequence and opens the asian high at 54.72
Failure to hold the 53.84 swing low exposes the 53.45 asia low
London open is about 3h away; a range break typically follows the quiet late-Asia base
US flash PMIs at 13:45 UTC and UoM inflation expectations at 14:00 UTC could materially shift this read
Asia session breakdown, lower high at 54.267, coiling above 53.843.
Silver broke the 54.471 prior low early in the Asia session and flushed to a 53.446 session low before a sharp wick rejection. The bounce stalled at 54.267, just above the 61.8% of the Asia sell-off fib, leaving a lower high. Price is now coiling between that bounce high and the 53.843 swing low, with oil-driven Fed-hike fears behind the slide.
Support: 53.843, 53.446
Resistance: 54.267, 54.471, 54.77
What it said to watch
M15 close above the 54.267 bounce high breaks the lower-highs line and puts the 54.471 prior low back in focus
Reclaim of 54.471 brings the broken 54.77 ytd low into play as resistance
Failure to hold the 53.843 swing low re-exposes the 53.446 session low
US flash PMIs at 13:45 UTC and UoM inflation expectations at 14:00 UTC could materially shift this read
Lower-high/lower-low chain; Asia bounce capped below 54.267.
Asia session extended Thursday's oil-driven liquidation, breaking the 54.471 prior low and printing a 53.446 session low. The rebound stalled at 54.267, a 61.8% retracement of the Asia drop and a lower high, and price is back under 54.00 psych. RSI(14) near 39 shows room before oversold, with the 53.843 swing low the nearest test.
Support: 53.843, 53.446
Resistance: 54.00, 54.267, 54.471
What it said to watch
M15 close above the 54.267 lower high breaks the lower-high chain
Failure to hold the 53.843 swing low exposes the 53.446 session low
Reclaim of the 54.471 prior low would turn the breakout into a false break
US flash PMIs 13:45 UTC and UoM inflation expectations 14:00 UTC could materially shift this read
Lower highs; Asia broke prior-day low, rebound capped at 61.8%.
Asia extended Thursday's oil- and hike-driven liquidation. Price broke the 54.471 prior low, a ceiling now, and ran to a 53.446 session low before rebounding. The bounce stalled at the 54.267 rebound high, just past the 61.8% of the drop from the 54.724 Asia high, and price is now pinned near 54.00 above the 53.981 swing low, below EMA20/EMA50.
Support: 53.981, 53.446
Resistance: 54.267, 54.471, 54.724
What it said to watch
M15 close above the 54.267 rebound high breaks the lower-high trendline from the Asia high and opens the 54.471 prior low
Reclaim of the 54.471 prior low would undercut the Asia breakdown read; 54.724 Asia high is the outer reference
Failure to hold the 53.981 swing low reopens the 53.446 session low
US S&P Global PMIs at 13:45 UTC and UoM inflation expectations at 14:00 UTC could materially shift this read
02:47 UTC
Downtrend, Asia rebound off sweep low · RSI 41 · price 54.183
Lower highs intact; reclaimed 54.00 after sweep below Thursday low.
Asia session broke the 54.471 thu low and swept to a 53.446 sweep low before snapping back above the 54.00 psych level. Price is now stalling near the fib 61.8 retrace at 54.267, under the lower highs line from the 54.724 session high. Thursday's oil-driven Fed-hike liquidation still frames the tape.
Support: 54.00, 53.446
Resistance: 54.267, 54.471, 54.724
What it said to watch
M15 close above 54.471 thu low reclaims broken support and tests the lower highs line
Break of the lower highs line and the 54.724 session high invalidates the downtrend read
Failure to hold 54.00 psych reopens the 53.446 sweep low
US S&P Global PMIs 13:45 UTC and UoM inflation expectations 14:00 UTC could materially shift this read
Lower highs; Asian range broken lower, rebound off session low.
Asia session saw a rejection at the 54.72 asian high, then a break of the 54.47 asian low (also yesterday's NY low) that flushed silver to a 53.446 session low as oil-driven Fed-hike fears extended Thursday's selloff. Price has reclaimed the 54.00 round number and is testing the 61.8% fib of that drop near 54.24, still beneath the lower highs line.
Support: 54.00, 53.446
Resistance: 54.236, 54.47, 54.724
What it said to watch
Acceptance back above 54.47 asian low would turn the Asian break into a false break
Failure to hold the 54.00 round number exposes the 53.446 session low
Lower highs line near 54.58 caps rebounds; a clear above it and the 54.72 asian high ends the lower-high chain
S&P Global PMIs 13:45 UTC and UoM inflation expectations 14:00 UTC could materially shift this read
02:16 UTC
Downtrend, lower lows extending in Asia · RSI 39 · price 54.04
Broke prior-day low, sharp rebound off 53.446 session low.
Early Asia session broke the 54.47 prior low and the overnight range, extending to a 53.446 session low before a long-wicked rejection lifted price back to the 50% fib near 54.08. Oil-driven inflation fears and December Fed-hike pricing continue to weigh, and price holds below both EMAs just above the 54.00 psych level.
Support: 54.00, 53.446
Resistance: 54.47, 54.724
What it said to watch
Reclaim of 54.47 prior low would turn the Asia breakdown into a false break
Loss of 54.00 psych and the 53.446 session low resumes the lower-low sequence
Rebound stalling at the 61.8% fib near 54.24 keeps the asian high at 54.724 out of reach
US PMIs (13:45 UTC) and UoM inflation expectations (14:00 UTC) Friday could materially shift this read
Early in the Asia session, silver broke Thursday's 54.47 prior low and the 54.36 opening range. It then dropped to a 53.48 session low, extending the oil- and Fed-hike-driven slide. Each bounce has capped lower, at the 54.72 Asian high, then 54.46, then 54.31. RSI(14) at 22 is deeply oversold.
Support: 53.484, 53.00
Resistance: 54.00, 54.471, 54.724
What it said to watch
Reclaim of the 54.00 round number, near the 38.2% fib of the drop, would break the lower-highs chain
Return above the 54.47 prior low would mark the Asian breakdown as a false break
Acceptance below the 53.48 session low leaves the 53.00 round number as the next reference
Oil and Middle East headlines are the main intraday swing driver, with US PMIs at 13:45 UTC and UoM at 14:00 UTC later Friday
A move back to the 54.72 Asian high would reset the session structure to range
01:46 UTC
Downtrend, fresh lower low in early Asia · RSI 35 · price 54.133
Lower highs and lower lows; Asian range broken to the downside.
Early Asia Friday: silver slipped through Thursday's 54.47 prior low and the 54.36 breakdown level, printing a 53.986 session low before steadying near 54.13. That extends the NY-session slide on oil-fed Fed-hike bets. Supply capped the bounce at the 54.72 asia high under the lower highs trendline, and RSI(14) near 35 is not yet stretched.
Support: 53.986
Resistance: 54.363, 54.471, 54.724
What it said to watch
M15 close back above the 54.36 breakdown level (50% of the breakdown leg fib) would signal the drop stalling
Failure to hold the 53.986 session low extends the lower-low chain through the 54.00 handle
Reclaim of the 54.47 prior low and 54.72 asia high, above the lower highs trendline, invalidates the intraday downtrend read
US PMIs (13:45 UTC) and UoM inflation expectations (14:00 UTC) Friday, plus oil headlines, could materially shift this read
Lower highs and lower lows; Asian range 54.363–54.724 broken to the downside.
Thursday's slide (oil-driven inflation fears, Fed-hike bets) extended in early Asia. A bounce to the 54.724 session high reversed sharply through the 54.363 pre-drop low and the 54.50 prior floor, printing a 54.129 session low. Price is below EMA20/50 with the lower highs line intact, and RSI(14) near 35 is soft but not oversold.
Support: 54.129, 54.00
Resistance: 54.363, 54.50, 54.724
What it said to watch
M15 close back above the 54.50 prior floor would turn the Asia break into a false break
Loss of the 54.129 session low exposes the 54.00 round number
Close above the 54.724 session high breaks the lower highs sequence
Fib of the Asia leg: 38.2–61.8% at 54.36–54.50 overlaps the pre-drop low and prior floor
Fri US PMIs 13:45 UTC and UoM inflation expectations 14:00 UTC could materially shift this read
Asia range broken lower, fresh lower low at 54.13.
Asia session rejected the 54.72 Asian high, then broke the 54.36 broken low and the 54.47–54.50 range floor that held through late NY. The 01:00 UTC bar printed a 54.13 session low. The lower-highs chain from the 55.52 NY bounce is intact as oil-driven Fed-hike pricing extends Thursday's 5% slide, and RSI(14) at 35 is not yet oversold.
Support: 54.129, 54.00
Resistance: 54.363, 54.50, 54.724
What it said to watch
Reclaim of the 54.36 broken low would turn the Asia break into a false break
Failure to hold the 54.13 session low extends lower lows toward 54.00 psych
Close above the 54.72 Asian high and the lower-highs line breaks the intraday sequence
Return inside the 54.50 range floor would neutralise the range break
US PMIs at 13:45 UTC and UoM inflation expectations at 14:00 UTC could materially shift this read
Lower-high/lower-low chain; Asian range 54.36–54.72 with top rejected.
Silver extended Thursday's oil- and Fed-hike-driven slide through NY. Lower highs printed at 55.52, the 54.97 swing high and 54.75 into the close. Early Asia broke the 54.47 prior low to an Asian low at 54.36, but the bounce was rejected at the 54.72 Asian high and price is back at 54.40, below both EMAs.
Support: 54.363, 54.00
Resistance: 54.471, 54.724, 54.967
What it said to watch
Failure to hold the 54.36 Asian low extends the lower-low sequence toward the 54.00 round number
M15 close above the 54.72 Asian high breaks the lower-highs line; the 54.97 swing high sits above that
Prior low at 54.47 is now capping intraday bounces
38.2% retrace of the 55.52–54.36 leg sits near 54.80
Fri 13:45/14:00 UTC US PMIs and UoM inflation expectations could materially shift this read
00:46 UTC
Downtrend, compressing near lows · RSI 45 · price 54.548
Lower highs off 55.518 NY bounce; early Asia sub-54.50 probe.
Silver extended Thursday's oil- and Fed-hike-driven slide through a chain of lower highs off the 55.518 NY bounce, and early Asia probed below the 54.471 prior low to an asian low of 54.363 before snapping back to 54.55. Price is coiling inside a 54.363–54.709 Asian range under the descending trendline and EMA20, with RSI(14) near 45.
Support: 54.471, 54.363
Resistance: 54.709, 54.967
What it said to watch
M15 close below the 54.363 asian low extends the lower-low chain beneath the $54.50 area
Close above the 54.709 asian high and the descending trendline breaks the lower-high sequence; 54.967 swing high and the 38.2% NY bounce fib near 54.80 sit above
Failure to hold the 54.471 prior low on a retest would confirm the Asia probe as acceptance below it
US S&P Global PMIs at 13:45 UTC and UoM inflation expectations at 14:00 UTC Friday could materially shift this read
00:31 UTC
Downtrend, fresh low in early Asia · RSI 37 · price 54.401
Lower highs and lower lows; Asian range broken to the downside.
The oil- and Fed-driven slide broke through 55.10 at the NY open, then ground lower in a series of lower highs, with the 54.967 swing high capping, into a 54.471 prior low at the NY close. Early Asia broke that low and the 54.50 handle to a 54.363 session low, below the 54.709 asian high. RSI(14) near 37 is not oversold, and the lower-highs line remains intact.
Support: 54.363, 54.00
Resistance: 54.471, 54.709, 54.967
What it said to watch
M15 close back above the 54.471 prior low would mark the Asian break as a false break
Acceptance below the 54.363 session low exposes the 54.00 round number
Reclaiming the 54.709 asian high breaks the lower-highs sequence
Oil and Middle East headlines remain the main swing factor during Asia hours
US PMIs at 13:45 UTC and UoM inflation expectations at 14:00 UTC could materially shift this read
Lower highs intact, compressing in a tight Asian range near lows.
Thursday's oil- and USD-driven NY drop from 56.03 has stalled into a tight 54.40–54.71 range in early Asia session. The first Asian bar dipped below the 54.471 ny low to a 54.399 session low and closed back above it. The 54.752 swing high and 54.967 lower high still cap the chain, and RSI(14) near 37 sits off oversold.
Support: 54.471, 54.399, 54.00
Resistance: 54.709, 54.752, 54.967
What it said to watch
M15 close below the 54.399 session low extends the lower-low chain toward the 54.00 round number
Recovery above the 54.709 asian high and 54.752 swing high breaks the overnight lower-high sequence, exposing the 54.967 lower high
A move back above 55.02 (38.2% of the NY drop fib) would mark the first meaningful retracement
Flash PMIs at 13:45 UTC and UoM inflation expectations at 14:00 UTC could materially shift this read
00:03 UTC
Downtrend, compressing near lows · RSI 42 · price 54.518
Lower highs and lower lows; tight early-Asia range above 54.50.
Oil-driven inflation fears and December Fed-hike pricing pushed silver through 55.00 in the NY session. The selloff faded the 55.518 NY bounce and printed a 54.471 session low into the close. Early Asia is compressing in a 54.47–54.71 range just above the 54.50 psych level, with the lower-high sequence at 54.967 and 54.709 still capping price.
Support: 54.50, 54.471
Resistance: 54.709, 54.967, 55.518
What it said to watch
M15 close below the 54.471 session low and the 54.50 psych level extends the lower-low sequence
Close above the 54.709 asia high breaks the lower-high trendline, with 54.967 the next lower high and the fib 50% near 54.99
US flash PMIs at 13:45 UTC and UoM inflation expectations at 14:00 UTC could materially shift this read