Early-week trade held a 57.00–58.60 range until Thursday's Asia session, when the breakdown leg from 58.03 began. Oil-fuelled Fed hike pricing and equity-driven liquidation carried silver through 55.00 and into Friday's Asia lows. In the first hours of NY on Friday, after the firm US PMI and Michigan prints, price swept to 53.02, a fresh yearly low, and recovered the move within the hour. Since then it has compressed between the friday base near 53.71 and 54.25, capped by EMA(20) at 54.09 and by lower highs from the 54.56 friday high, with RSI(14) near 40 after leaving oversold.
Support: 53.71, 53.016
Resistance: 54.09, 54.557, 54.94
What it said to watch
H1 close above the friday high at 54.56 breaks the friday lower highs sequence and brings the fib 38.2% of the breakdown leg at 54.94 into view
Repeated rejection at EMA(20) near 54.09 keeps the lower-high structure intact
Loss of the friday base at 53.71 re-exposes the yearly low at 53.02; a close below 53.00 confirms a fresh lower-low
Tue Oct 27 Durable Goods and Consumer Confidence, then the Fed decision Wed Oct 28 18:00 UTC, could materially shift this read
19:05 UTC
Downtrend, compressing near lows · RSI 39 · price 53.962
Lower highs and lows from 58.03; Friday base 53.45–54.56.
Silver has printed lower highs and lower lows since Wednesday's 58.03 late-NY high. Most of the ~$5 drop came from Thursday's Asia session through NY, as oil-driven Fed-hike pricing weighed on metals. Friday has compressed into a 53.45–54.56 base below a flattening EMA(20) near 54.17, with lower highs forming off the 54.56 bounce high. The NY-session spike to the 53.02 week low came around the firm US PMI and Michigan data and was reclaimed within the hour, a false break of the Asia low. RSI(14) near 39 has lifted off oversold.
Support: 53.446, 53.016
Resistance: 54.17, 54.557, 55.00
What it said to watch
An H1 close above the 54.56 bounce high and the EMA(20) breaks Friday's lower-high sequence and exposes the 55.00 round number, near the 38.2% fib of the drop
Failure to hold the 53.45 Asia low, then a close below the 53.02 week low, resumes the lower-low sequence
Weekend oil/geopolitical gap risk, Tue Durable Goods (12:30 UTC) and the Fed decision Wed Oct 28 18:00 UTC could materially shift this read
Silver held a 57.0–58.6 range from Monday to Wednesday, then broke down late Wednesday into Thursday. Oil-driven Fed-hike bets lifted yields and the USD, and the selling ran through 56 and 55 across Thursday's London and NY sessions before a further leg in Friday's Asia session to the 53.45 asia low. Since then price has compressed into a 53.7–54.25 band capped by EMA20 near 54.19, which sits on the 23.6% retracement. The NY-session wick to the 53.02 week low on the PMI/Michigan beats was reclaimed within the hour, and RSI has recovered to around 40 from oversold.
Support: 53.71, 53.45, 53.02
Resistance: 54.19, 54.56, 55.52
What it said to watch
H1 close above the 54.56 friday high clears EMA20 and the 23.6% retracement, opening the fib 50% at 55.52 (Thursday's NY high)
Failure to hold the 53.71 friday lows exposes the 53.45 asia low and the 53.02 week low
Friday close and weekend gap risk on oil and US-Iran headlines
Durable Goods Tue Oct 27 12:30 UTC and FOMC Wed Oct 28 18:00 UTC could materially shift this read
Lower highs/lower lows after Thursday breakdown; Friday range 53.71–54.56 below ema20.
Wednesday's failure near 58.03 gave way to a Thursday breakdown that began in Asia and extended at the NY open through the thu ny low at 54.99, as oil-driven Fed-hike pricing and firmer yields weighed on metals. Friday's Asia low at 53.45 gave a bounce to the friday high at 54.56 that faded through London, and the NY-session wick to the week low at 53.02 after firm US PMI and Michigan prints was rejected straight back above the range floor at 53.71. Price is compressing just under the ema20 near 54.21, which aligns with the 23.6% retracement of the 58.03–53.02 leg, while RSI(14) near 39 has printed a higher low against the lower price low.
Support: 53.71, 53.45, 53.02
Resistance: 54.21, 54.56, 54.99
What it said to watch
H1 close above the friday high at 54.56 breaks Friday's lower-highs line and the ema20/23.6% cap, exposing the thu ny low at 54.99
Failure to hold the week low at 53.02 extends the lower-low sequence toward the 50.00 psych area flagged in the digest
Loss of the range floor at 53.71 and the asia low at 53.45 would leave the bullish RSI divergence unconfirmed
Weekend US–Iran and oil-infrastructure headlines could gap Monday's open
Tue Durable Goods and Consumer Confidence, then Wed Oct 28 FOMC at 18:00 UTC could materially shift this read
16:04 UTC
Downtrend, compressing near lows · RSI 43 · price 54.143
Lower highs from 58.59; Friday consolidation 53.70–54.56 below EMA20.
Silver has dropped about $5 from Wednesday's 58.03 lower high. Thursday's Asia and NY sessions drove the breakdown through 54.99 as oil-led Fed-hike pricing and Treasury-over-metals haven flows weighed. Friday has compressed into a 53.70–54.56 band below the EMA(20) near 54.21, and a NY-session spike to the 53.02 week low was rejected within the hour despite firm US PMIs. RSI(14) has lifted to the low 40s from oversold, with price capped just under the 23.6% retracement at 54.20.
Support: 53.446, 53.016
Resistance: 54.21, 54.557, 54.991
What it said to watch
H1 close above the 54.56 asian high breaks Friday's consolidation and brings the 54.99 breakdown level (38.2% at 54.94) back into view
Sustained trade back below the 53.45 asian low re-exposes the 53.02 week low and the $53.00 handle
Weekend US–Iran and oil-infrastructure headlines could gap the Monday open
Fed decision Wed Oct 28 18:00 UTC is the main catalyst, with December-hike guidance the swing factor
Lower highs since Wednesday; Friday consolidation 53.71–54.56 above week low.
The week opened in a 57.00–58.60 range, but Wednesday's failure near 58.03 gave way to Thursday's slide. The move started in Asia and extended into NY on oil-driven Fed-hike pricing, printing lower highs every session. Friday's Asian drop to the 53.45 asia low left price consolidating between the 53.71 range low and the 54.56 friday high, with EMA(20) at 54.23 overhead. In NY, a wick to the 53.02 week low after firm US PMI and Michigan data was rejected back into the range. RSI(14) sits near 37 there versus ~10 at the Asia low, a bullish divergence inside the downtrend.
Support: 53.71, 53.446, 53.016
Resistance: 54.23, 54.557, 54.93
What it said to watch
H1 close below the 53.02 week low resumes the lower-low sequence, with the $50.00 psych level the next reference cited in the digest
H1 close above the 54.56 friday high breaks the consolidation and the lower highs line, putting the 38.2% fib at 54.93 in view
Repeated failure at EMA(20) near 54.23 keeps the range capped beneath the declining average
Weekend US–Iran and oil headlines plus Wed Oct 28 FOMC (18:00 UTC, hold at 4% f/c) could materially shift this read
Lower highs since Wednesday; tight base 53.71–54.12.
Wednesday's late NY push to 58.03 was the last lower high of the week. From there liquidation ran through Thursday's Asia, London and NY sessions, and Friday's Asia session flushed to the 53.446 ytd low, with a hawkish Fed, ~5.1% yields and oil near $100 adding pressure. The early-Friday bounce stalled at 54.557, the bounce high, and since London open price has compressed between the 53.71 range floor and 54.12 range top, still below the ema20 near 54.25. RSI(14) has recovered to around 41, and ATR is contracting, which leaves the drop retraced only about 12% on the Wed–Fri selloff fib.
Support: 53.71, 53.446
Resistance: 54.12, 54.25, 54.557
What it said to watch
H1 close below the 53.71 range floor puts the 53.446 ytd low back in play, and a break there extends the lower-low sequence
H1 close above the 54.12 range top and the ema20 (~54.25) would mark the first reclaim of the average since Wednesday; 54.557 bounce high is the next cap
UoM inflation expectations at 14:00 UTC (1y f/c 4.7%), with flash PMI actuals pending, could resolve the range in either direction
FOMC next Wednesday, with December-hike guidance the focus, could materially shift this read
Lower highs and lower lows since Wednesday; tight 53.71-54.10 range below EMA20.
Silver held a 57.00-58.60 range from Monday to Wednesday, and Tuesday's NY spike to the 58.592 week high faded. The range broke on Thursday. Selling started in Asia and extended through the NY session as equity de-risking and a firm oil-led inflation backdrop drove liquidation. Friday's Asia session printed a 53.446 week low, which is also the YTD low. The bounce high at 54.557 stalled under the 23.6% fib of the week high-low move. Since London open, price has compressed between a 53.71 range floor and the ema20 near 54.10, with RSI(14) in the mid-30s.
Support: 53.712, 53.446
Resistance: 54.103, 54.557, 55.00
What it said to watch
Flash PMIs at 13:45 UTC and UoM inflation expectations at 14:00 UTC could materially shift this read
H1 close below the 53.71 range floor puts the 53.446 week low back in play; a break there extends the lower-low sequence
H1 close above the ema20 and the 54.557 bounce high would break the lower-highs trendline; the 55.00 round number and 38.2% fib near 55.41 sit above
A retest of the week low with RSI(14) holding above its Friday-low reading would mark a bullish divergence
Lower highs and lower lows since Wednesday; tight range under EMA20.
The week's 57–58 range gave way on Thursday after Wednesday's 58.03 high, with selling through Asia and London that extended at the NY open as oil-driven Fed-hike fears built. The slide took out 55.00 and printed a 53.45 YTD low in Friday's Asia session. The early-London rebound stalled at the 54.56 Friday high, right at the 23.6% retracement of the Thursday–Friday selloff, and price has since compressed in a 53.73–54.10 band beneath EMA(20) near 54.32, with RSI(14) near 37 off its lows but neither EMA reclaimed.
Support: 53.73, 53.446
Resistance: 54.32, 54.557, 55.00
What it said to watch
S&P flash PMIs at 13:45 UTC and UoM inflation expectations at 14:00 UTC could break the 53.73–54.10 band and materially shift this read
H1 close below the 53.73 range floor exposes the 53.45 YTD low; failure to hold that confirms a fresh lower-low
H1 close above EMA(20) and the 54.56 Friday high breaks the lower-highs trendline and opens the path toward 55.00 broken support, with the 38.2% fib near 55.20 just above
Lower highs and lower lows since Wednesday's 58.03 high; tight base 53.73–54.10 under a falling trendline.
The Monday–Wednesday 57.00–58.60 range broke Thursday as the oil-driven rise in Fed-hike pricing triggered a slide from the 58.03 high. The heaviest leg came into the NY session, and Asia extended it to a 53.45 YTD low before the bounce stalled at the 54.56 rebound high, near the 23.6% retracement of the breakdown fib. Through the London session, price has compressed between the 53.73 range floor and the lower-highs trendline, below EMA(20), with RSI(14) back near 38 after oversold readings.
Support: 53.73, 53.446
Resistance: 54.557, 55.00, 55.737
What it said to watch
H1 close above the lower-highs trendline and the 54.56 rebound high would print the first higher high since Wednesday, exposing broken support at 55.00
A move into the 55.74 50% fib of the Thursday breakdown would test whether the range break holds
Failure to hold the 53.73 range floor brings the 53.45 YTD low back into view and extends the lower-low sequence
US flash PMIs at 13:45 UTC and UoM inflation expectations at 14:00 UTC could materially shift this read
Lower highs and lower lows since Thursday's break of the 57–58 range.
Silver held a 57–58 range Monday through Wednesday. Tuesday's NY spike to 58.59 was the week's high, and a late-Wednesday push to 58.03 was the last lower high before Thursday's breakdown. Oil-driven inflation and Fed-hike fears drove a London-to-NY flush through 55.00, and Asia extended it to the 53.446 ytd low. Friday's rebound to the 54.557 session high was rejected at the 23.6% retracement and the lower-high trendline. Price now sits below EMA(20) near 54.42, with RSI(14) around 35, and a shallow higher low is forming at 53.73.
Support: 53.731, 53.446
Resistance: 54.42, 54.557, 55.00
What it said to watch
US flash PMIs at 13:45 UTC and UoM inflation expectations at 14:00 UTC could materially shift this read
H1 close above 54.557 session high and the lower-high trendline would break the sequence of lower highs
55.00 broken sup and the 38.2% retracement near 55.20 mark the zone where any extended rebound meets prior support
Failure to hold the 53.73 higher low exposes the 53.446 ytd low; a break there confirms a fresh lower-low
Range break, lower highs and lower lows since Thursday.
Silver held a 57.00–58.60 range from Monday to Wednesday, then broke lower on Thursday as the oil rally lifted Fed-hike pricing, with the heaviest leg coming into the NY session. Friday's Asia session extended the slide to a 53.446 ytd low. The bounce has stalled at the 54.557 asia high, near the 23.6% fib of the 58.03–53.45 drop, and price sits back below EMA(20) under a descending lower-highs line. RSI(14) has recovered to the mid-30s, and the Asian range has a higher low at 53.575.
Support: 53.446, 53.575
Resistance: 54.557, 55.00, 55.196
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 H1 close below the 53.446 ytd low extends the lower-low sequence
An H1 close above the 54.557 asia high and the lower-highs line puts the 55.00 psych level and broken support in play, then the fib 38.2 at 55.196
Failure to hold the 53.575 higher low reopens the ytd low
08:04 UTC
Downtrend, oversold-leaning but no reversal · RSI 32 · price 53.853
Range break into lower highs and lower lows.
Monday to Wednesday held a 56.93–58.59 range. Thursday's breakdown, on firmer crude and hardening Fed-hike pricing, then set lower highs and lower lows through Asia, London and NY. Friday's Asia session printed a 53.446 ytd low. The rebound stalled at 54.557, a lower high near the 23.6% retracement of the breakdown, a rejection that has since faded. Price is back below the 54.00 psych level and EMA(20), with RSI(14) near 32.
Support: 53.575, 53.446, 53.00
Resistance: 54.00, 54.557, 54.991
What it said to watch
H1 close above the 54.557 lower high and the descending lower-highs trendline would break the sequence, putting the 54.991 prior low and 55.38 in view
Failure to hold the 53.575 swing low exposes the 53.446 ytd low, then the 53.00 round number
US flash PMIs at 13:45 UTC and UoM inflation expectations at 14:00 UTC could materially shift this read
Monday to Wednesday held a 57.00–58.60 range. Thursday's Asia session broke it lower, and the slide ran through London and NY as surging crude, Fed-hike pricing and firm yields weighed. Friday's Asia session printed a YTD low at 53.446, and the bounce stalled at the 54.557 bounce high, where the 23.6% fib and the lower-highs line converge. Price has since slipped back to the 54.00 psych level, below EMA(20) and EMA(50), with RSI(14) near 36 and a minor higher low at 53.575.
Support: 53.575, 53.446
Resistance: 54.00, 54.557, 55.196
What it said to watch
H1 close above the 54.557 bounce high and the lower-highs line would break Thursday's sequence and expose the 38.2% fib at 55.20
Failure to hold the 53.575 higher low and the 53.446 YTD low confirms a fresh lower-low
Repeated H1 closes below the 54.00 psych level keep the post-low bounce contained
US flash PMIs at 13:45 UTC and UoM inflation expectations at 14:00 UTC could materially shift this read
Lower highs and lower lows since Wednesday's 58.03 high; Mon–Wed range lost.
Silver held a 56.90–58.60 range from Monday to Wednesday, and Tuesday's NY spike to 58.59 faded. Thursday's breakdown came as an oil spike revived Fed-hike fears. Selling ran through every session, with the sharpest leg in NY hours, cutting through the 55.38 old support and extending to a 53.45 Asia low on Friday. The rebound off the low stalled at a 54.56 bounce high, which sits at the 23.6% retracement and just under EMA(20) near 54.71, while RSI(14) recovers toward 34 and price holds above the 54.00 psych level.
Support: 54.00, 53.446
Resistance: 54.557, 54.71, 55.38
What it said to watch
H1 close above the ema20 and the 54.56 bounce high would end the run of lower highs
Failure to hold the 54.00 psych level and a break of the 53.45 asia low would extend the lower-low sequence
Reclaim of 55.38 old support (38.2% of the Thursday breakdown fib) would challenge the breakdown read
US PMIs at 13:45 UTC and UoM inflation expectations at 14:00 UTC today could materially shift this read
Oil and Middle East headlines remain the main swing factor for the move
05:04 UTC
Downtrend, oversold after a two-day breakdown · RSI 28 · price 53.774
Lower highs and lower lows since Wednesday's 58.03 high; early-week 57.00–58.60 range broken.
Silver held a 57.00–58.60 range from Monday through Wednesday, including Tuesday's NY spike to 58.59 that faded. The range broke in Thursday's Asia session and the move extended through NY as oil-driven Fed-hike fears hit, followed by a Friday Asia leg to a 53.446 week low. Price sits well below both EMAs with RSI(14) near 28; the only bounce so far stalled at 54.267 and stays under the lower-high trendline from Wednesday's peak and Friday's high at 54.724.
Support: 53.446, 53.00
Resistance: 54.267, 54.724, 55.00
What it said to watch
S&P Global PMIs at 13:45 UTC and UoM inflation expectations at 14:00 UTC could materially shift this read
H1 close above the 54.267 bounce high would mark the first higher high since the breakdown
Reclaiming the friday high at 54.724 and the lower-high trendline would challenge the downtrend read, with 55.00 psych and the 38.2% fib near 55.20 above
Failure to hold the 53.446 week low confirms another lower low and exposes the 53.00 round number
Lower highs and lower lows since Wednesday's 58.03 high; early-week 57–58 range broken.
Silver held a 57–58.60 range through Wednesday, then broke down on Thursday. Selling started in the Asia session and the NY-hours leg cut through 55.38 old support and the 54.77 prior YTD low, as a fresh oil spike revived Fed-hike fears. The slide extended below 54.00 in Friday's Asia session to a 53.45 session low. Price sits below both EMAs with RSI(14) near 27, and the bounce to 54.27 stalled under the 54.47 Thursday low, keeping the lower highs intact.
Support: 53.446, 53.00
Resistance: 54.471, 55.00, 55.38
What it said to watch
US flash PMIs at 13:45 UTC and UoM inflation expectations at 14:00 UTC could materially shift this read
H1 close back above the 54.47 thu low would break the lower highs trendline
Reclaiming the 55.00 round number and 55.38 old support, near the 38.2% fib at ~55.20, would mark a deeper retracement of Thursday's move
Failure to hold the 53.45 session low extends the lower-low sequence toward the 53.00 round number
Mon–Wed range broken; lower highs and lower lows since Wednesday.
Silver held a 56.37–58.59 range from Monday to Wednesday. Tuesday's NY spike to 58.59 was rejected, and the range gave way in Thursday's Asia session as an oil-driven inflation and Fed-hike scare hit the metal; the NY session then added a second leg through 55.00. Friday's Asia session extended to a week low at 53.45, and the bounce has stalled below the 54.50 asia base, with price under a falling ema20 near 54.96. RSI(14) near 27 is oversold, but every bounce since Wednesday's 58.03 high has printed a lower high, the latest at 55.95.
Support: 53.446, 53.00
Resistance: 54.47, 54.96, 55.953
What it said to watch
H1 close back above the 54.50 asia base and the 23.6% retracement of the Thursday sell-off would ease the downside sequence; the ema20 near 54.96 is the next cap
Failure to hold the 53.45 week low confirms a fresh lower-low and exposes the 53.00 round number
Acceptance above the 55.95 lower high breaks the descending lower-highs line
S&P Global PMIs at 13:45 UTC and UoM inflation expectations at 14:00 UTC could materially shift this read
02:04 UTC
Downtrend, accelerating into oversold · RSI 15 · price 53.496
Mon–Wed range 56.9–58.6 broken; lower highs since Wednesday.
Silver held a 56.9–58.6 range from Monday's open through Wednesday. Tuesday's NY spike to 58.59 faded, and Wednesday's late push stalled at a lower 58.03. Thursday's slide began in Asia and accelerated from the 55.95 breakdown at NY open, as oil-driven hike bets and a firm USD broke the range low. Friday's Asia session then cut through the Thursday low at 54.47 in a single ~1,100-pip bar to a 53.46 session low. Price sits well below EMA(20) near 55.01 with RSI(14) around 15, and bounces since Wednesday have each printed lower highs along the trendline from 57.88.
Support: 53.464, 53.00
Resistance: 54.471, 55.01, 55.953
What it said to watch
US PMIs (13:45 UTC) and UoM inflation expectations (14:00 UTC) Friday could materially shift this read
H1 close back above the 54.47 Thursday low would mark the Asia breakdown as a false break
Failure to hold the 53.46 session low exposes the 53.00 round number
Close above EMA(20) near 55.01 and the lower-highs trendline would end the sequence since Wednesday; 55.95 breakdown above that
Range break lower, lower highs and lower lows since Wednesday's close.
Silver broke out of the Mon–Wed 56.37–58.59 range lower on Thursday. The slide started in the Asia session and extended through NY as oil-driven Fed-hike bets and a firm USD weighed, with the week low printing at 54.36 early Friday. Price sits well below EMA(20) and EMA(50) with RSI(14) near 24, and the lower-high trendline from Thursday has capped each bounce. The 55.00 round number and the 55.65 broken low sit overhead, with the 38.2% of the Thursday drop fib near 55.76.
Support: 54.363, 54.00
Resistance: 55.00, 55.646, 56.30
What it said to watch
An H1 close above the 55.00 round number and the lower-high trendline would mark the first pause in the downtrend
Reclaiming the 55.65 broken low would point to a failed breakdown rather than continuation
Failure to hold the 54.36 week low exposes the 54.00 psych level
The 56.30 Asia shelf sits close to the 50% of the Thursday drop fib, the upper bound of any retracement read
Fri 13:45 UTC PMIs and 14:00 UTC UoM inflation expectations could materially shift this read
Range break lower; lower highs and lower lows since Wednesday's 58.03 high.
Silver spent Monday to Wednesday in a 57.00–58.00 range, with Tuesday's 58.59 spike and Wednesday's 58.03 high leaving lower highs. It broke that range on Thursday. Selling ran through Asia and London, and the largest leg came in the first hour of NY as claims beat at 194K and oil lifted Fed-hike pricing. Price sits at the 54.47 week low, well below EMA(20), with RSI(14) near 23 and oversold. Late-session bars have compressed into a 54.47–54.71 band but have not yet printed a higher low, and the 55.00 round number and the 55.38 broken low (near the 23.6% fib) mark the first overhead zone.
Support: 54.47, 54.00
Resistance: 55.00, 55.38, 55.83
What it said to watch
An hourly close below the 54.47 week low extends the lower-low sequence toward the 54.00 round number
A recovery above the 55.38 broken low would be the first retracement of Thursday's sell-off; the 38.2% fib at 55.83 sits near the descending line of Thursday's lower highs
A new low with RSI(14) holding above ~24 would set up bullish divergence
Friday's flash PMIs (13:45 UTC) and UoM inflation expectations (14:00 UTC) could materially shift this read
Oil headlines remain the dominant inverse driver; escalation or a crude reversal could move price outside the 54.47–55.38 zone