Silver has shed about $4.50 from Tuesday's 67.53 week high. Most of the drop came during Wednesday's sessions, as blowout S&P PMIs and hawkish Fedspeak pushed yields higher, and Thursday's London session extended the slide to a 63.06 week low. The NY-hours bounce from that low was rejected twice at the 64.02 bounce high, short of the 23.6% retracement near 64.11. Price has since compressed just under the ema20 at 63.84 and against the lower highs line, with RSI(14) recovering to the mid-40s.
Support: 63.45, 63.06
Resistance: 63.84, 64.02, 64.53
What it said to watch
H1 close above the 64.02 bounce high and the 64.00 handle breaks the lower highs sequence; the thu high at 64.53 is next overhead
Failure to hold the 63.45 break level exposes the 63.06 week low and confirms a lower-low
Fri: Fed's Williams 09:15 UTC, Durable Goods 12:30 UTC and UoM inflation expectations 14:00 UTC could materially shift this read
Fed's Hammack at 18:00 UTC is a late-session swing factor for yields and silver
22:03 UTC
Downtrend, stabilising at lows · RSI 44 · price 63.842
Lower highs and lower lows since Tuesday's 67.53 week high; tight base above 63.45.
Silver topped at 67.53 in Tuesday's NY session, then sold off hard through Wednesday as the blowout US PMIs and a hawkish Fed chorus lifted yields. The slide extended into Thursday's NY hours, when Williams' hike comments and firm jobless claims pushed it to a 63.06 week low. Price has since held above the 63.45 breakdown zone and is pressing EMA(20) near 63.85, with RSI(14) recovering to the mid-40s. Supply is still capping rallies along the lower-high line at the 64.02 bounce high, and above that sits the 64.53 thu high.
Support: 63.45, 63.059
Resistance: 64.024, 64.531
What it said to watch
H1 close below the 63.45 breakdown level reopens the 63.06 week low and extends the lower-low sequence
H1 close above the 64.02 bounce high breaks the lower-high line and points to the 64.53 thu high and the 38.2% fib near 64.77
Fri Fed's Williams (09:15 UTC), durables (12:30 UTC) and UoM inflation expectations (14:00 UTC) could materially shift this read
Fed's Hammack at 18:00 UTC Fri is a late-session risk to the base above 63.45
Lower highs from 67.53 week high, bounce off 63.06 week low.
From the 67.53 week high set in Tuesday's NY session, silver has printed lower highs through Wednesday and Thursday. Blowout PMIs, hawkish Fedspeak and yields above 5% drove the week slide to the 63.06 week low during Thursday's NY session. The rebound from that low has been capped twice at the 64.00 round number and sits under the Thursday lower-high line, with price pressing EMA(20) near 63.85 and RSI(14) around 42 recovering from the Wednesday–Thursday lows.
Support: 63.45, 63.06
Resistance: 64.00, 64.50, 64.77
What it said to watch
An H1 close above the 64.00 round number and the lower-high line would put the Thu high at 64.50, then the 38.2% fib at 64.77, in play
A close back below the 63.45 break level exposes the 63.06 week low and would extend the lower-low sequence
Fri: Williams 09:15 UTC, Durable Goods 12:30 UTC, UoM inflation expectations 14:00 UTC and Hammack 18:00 UTC could materially shift this read
Lower highs and lower lows since Tuesday's 67.53 week high.
Silver has printed lower highs and lower lows since Tuesday's 67.53 week high. Wednesday's hot US PMIs drove the largest leg during NY hours, and hawkish Fedspeak with yields near 5.14% extended the slide to a 63.06 week low in Thursday's NY session. The bounce off that low stalled at the 64.02 bounce high, near the 23.6% retracement of the 67.53–63.06 decline and the lower-high trendline. Price now sits just under the ema20 near 63.83, with RSI(14) around 40 and still below the midline.
Support: 63.45, 63.059
Resistance: 63.83, 64.024, 64.328
What it said to watch
Hourly close above the 64.02 bounce high and the lower-high trendline would break the sequence of lower highs, with the 64.33 lower high next and the 38.2% retracement near 64.77 above that
Failure to hold the 63.45 shelf reopens the 63.06 week low; a close below it extends the lower-low sequence
Repeated rejection at the ema20 near 63.83 keeps the pullback within the downtrend structure
Friday's Durable Goods (12:30 UTC) and UoM inflation expectations (14:00 UTC) could materially shift this read
Lower highs from Tuesday's 67.529 peak; minor higher low at 63.329 off the week low.
Silver peaked at 67.529 late in Tuesday's NY session. It has since sold off steadily: through Wednesday's hot US PMIs (break of the 64.222 wed low area), then through Thursday's London and NY hours after Williams' hike comments and firm claims, reaching a week low at 63.059. The NY bounce stalled twice at the 64.00 psych level, just under the lower-highs trendline and near the 23.6% retracement of the 67.53–63.06 leg. Price is now pinned around ema20 near 63.85, with RSI(14) recovering only to about 41.
Support: 63.329, 63.059
Resistance: 63.85, 64.00, 64.222
What it said to watch
H1 close above 64.00 psych and the lower-highs trendline breaks the sequence of lower highs and opens a retest of the 64.222 wed low
Sustained hold above ema20 (~63.85) would mark the first shift in H1 momentum since Tuesday
Loss of the 63.329 higher low and then the 63.059 week low resumes the downtrend
Fri Williams 09:15 UTC, Durables 12:30 UTC and UoM inflation expectations 14:00 UTC could materially shift this read via yields
Double top at 67.50s broke into lower highs and lower lows; bounce capped near 64.00.
Silver topped twice at 67.53/67.50, in Tuesday's late NY session and again in Wednesday's Asia session. It then broke lower through the weekly open on Wednesday's hot US PMIs. The decline extended into NY hours today as Williams' hike comments and the claims beat lifted yields, and 64.00 gave way on the way to a 63.06 week low. The late-NY bounce stalled at a 64.02 bounce high, just under the 23.6% fib of the week's slide, and price sits back on the 63.45 shelf, below both EMAs and under the lower-high trendline.
Support: 63.45, 63.06
Resistance: 64.02, 64.53
What it said to watch
H1 close back above the 64.02 bounce high and 64.00 would break the lower-high sequence and put the 64.53 thu high in play
Failure to hold the 63.45 shelf and a break of the 63.06 week low would extend the lower-low sequence
A close above the lower-high trendline from Wednesday's 67.50 top would be the first structural change in this downtrend
Friday's Williams (09:15 UTC), Durable Goods (12:30 UTC) and UoM inflation expectations (14:00 UTC) could materially shift this read via yields
Lower highs and lower lows from 67.53; 64.00 range floor lost.
Silver has printed lower highs since Tuesday's late-NY peak at 67.53. Wednesday's hot US PMIs drove the NY-hours leg through 65.00, and London today broke the 63.93–64.00 range floor as yields pushed to 5.14% on Williams' hike comments and firm claims. Price sits below EMA(20) at 63.88 and EMA(50), with RSI(14) back near 37 after an oversold stretch into the 63.06 week low. The afternoon bounce to 64.02 was rejected at the broken range floor, short of the 23.6% fib of the 67.53–63.06 decline.
Support: 63.45, 63.06
Resistance: 63.88, 64.00, 64.50
What it said to watch
H1 close back above the 64.00 range floor and ema20 would break the lower highs trendline
Failure to hold the 63.45 prior lows exposes the 63.06 week low; a close below it extends the lower-low sequence
Reclaiming today's 64.50 day high would bring the 38.2% fib near 64.77 into view
Fri: Williams 09:15 UTC, Durable Goods 12:30 UTC and UoM inflation expectations 14:00 UTC could materially shift this read via yields
16:04 UTC
Downtrend, oversold · RSI 26 · price 63.193
Lower highs and lower lows since Tuesday's 67.53 top.
Silver has shed roughly 4.5 from Tuesday's 67.53 NY-session high. Wednesday's blowout US PMIs drove the heaviest leg, and Thursday's Asia-London range base near 63.95 gave way early in London as yields pushed to ~5.14% and Williams backed another hike. Price is pinned below ema20 near 63.72 and a falling lower-highs trendline. RSI(14) sits oversold in the mid-20s, bounces are stalling at the broken lows around 63.45, and the 63.06 week low is the current floor just above the 63.00 round number.
Support: 63.059, 63.00
Resistance: 63.45, 63.72, 63.95
What it said to watch
H1 close back above the broken lows at 63.45 and the lower-highs trendline would interrupt the lower-low sequence
A reclaim of ema20 and the 63.95 range base shifts focus to the 23.6% fib near 64.11
Failure to hold the 63.06 week low and the 63.00 round number extends the lower-low sequence
Williams (Fri 09:15 UTC), Durable Goods (12:30 UTC) and UoM inflation expectations (14:00 UTC) could materially shift this read via yields
15:04 UTC
Downtrend, stretched into oversold · RSI 29 · price 63.31
Lower highs and lower lows since Tuesday's 67.53 week high.
Tuesday's NY-session rally to the 67.53 week high was fully reversed after Wednesday's PMI beats hit in NY hours, taking silver back through the 66.13 weekly open and below 65.00 as yields pushed past 5%. Thursday's London session extended the slide under the 63.80 london cap and the 63.45 pivot. Hawkish Williams remarks and firm jobless claims kept the pressure on into NY, leaving price at a fresh 63.21 week low. Price is below EMA(20) and EMA(50), every bounce has stalled beneath the lower-highs trendline, and RSI(14) near 29 shows the move is stretched.
Support: 63.21, 63.00, 62.30
Resistance: 63.45, 63.80, 64.33
What it said to watch
An H1 close back above the 63.45 pivot and the lower-highs trendline near 63.50 would pause the downtrend read
Recovery through the 63.80 london cap and the 64.33 asia high would break the lower-high sequence; the 38.2% retracement of the slide sits at 64.86
Failure to hold the 63.21 week low extends lower lows toward the 63.00 round number and the 62.30 news level
Fri: Williams at 09:15 UTC, Durable Goods at 12:30 UTC and UoM inflation expectations at 14:00 UTC could materially shift this read
Lower highs and lower lows since Tuesday's 67.53 week high; Thursday's Asia range broken to the downside.
Silver has printed a steady run of lower highs since Tuesday's 67.53 week high. Wednesday's hot US PMIs drove the main leg lower, and Williams' hike comments this morning broke the 63.93–64.33 asia range in London hours. Price sits below both EMA(20) and EMA(50) with RSI(14) near 21, and the London bounce stalled at a lower high near 63.80. A fresh week low at 63.235 printed into the NY open, with the 63.00 round number the next reference below.
Support: 63.235, 63.00
Resistance: 63.797, 64.328, 64.875
What it said to watch
H1 close above the 63.80 lower high and the lower-highs trendline breaks the sequence of lower highs
Failure to hold the 63.235 week low extends the lower-low structure toward the 63.00 round number
A move back inside the asia range above 64.33 turns this morning's range break into a false break
The fib 38.2 of the week's drop at 64.875 marks the upper limit of a routine oversold bounce
A new low with RSI(14) holding above its prior trough would form bullish rsi divergence
New Home Sales (14:00 UTC), Fed's Williams (Fri 09:15 UTC) and Friday's Durables/UoM data could materially shift this read via yields
Lower highs and lower lows since Tuesday's 67.53 peak.
Silver has shed about $4.20 from Tuesday's 67.53 week high. Wednesday's PMI beats drove the NY-session break below 65.00, and London today broke the Asian range to a 63.30 week low after Williams' hike comments pushed yields toward 5.14%. Every bounce since Wednesday has stalled beneath EMA(20), now near the 64.00 round number, keeping the lower-high sequence from 67.50 intact, while RSI(14) near 31 shows the slide stretched but without a turn.
Support: 63.296, 63.00
Resistance: 64.00, 64.328, 64.913
What it said to watch
H1 close back above the 64.00 round number and EMA(20) would be the first break in the lower-high sequence
Reclaim of the 64.33 lower high negates the trendline read and brings the 64.91 fib 38.2% retracement of the week's drop into view
Acceptance below the 63.30 week low extends the lower-low sequence toward the 63.00 round number
Fed's Paulson (13:00 UTC) and New Home Sales (14:00 UTC) today, then Williams Fri 09:15 UTC: yield moves on Fedspeak could materially shift this read
Lower highs since Wednesday's 67.50 top, grinding lows.
Silver has shed about 4.2 from Tuesday's 67.53 week high. Wednesday's blowout US PMIs drove the leg through London and NY, and hawkish Williams remarks pushed today's London session below the 64.00 round number to a 63.296 week low, well under Monday's 66.13 weekly open. Price has sat below EMA(20) since Wednesday, with every bounce capped along a lower-high trendline. RSI(14) is pinned in the low 30s and the latest bars are compressing just above the 63.45 swing low.
Support: 63.45, 63.296
Resistance: 64.00, 64.33, 64.91
What it said to watch
US Initial Jobless Claims at 12:30 UTC (f/c 201K), then Hammack and Paulson, could materially shift this read within the hour
H1 close below the 63.296 week low extends the lower-low sequence
H1 close back above the 64.00 round number and the 64.33 lower high breaks the trendline sequence
Any rebound toward the fib 38.2 at 64.91 is the first test of the Wednesday impulse
11:03 UTC
Downtrend, extended and oversold · RSI 27 · price 63.542
Lower highs and lower lows since Tuesday's 67.53 week high.
Silver has unwound the 67.53 week high set late Tuesday. The PMI beats sparked Wednesday's flush, Williams' hawkish remarks added to it, and every bounce since has capped under a lower-high line, leaving price about $2.60 below the 66.13 week open. At the London open today price broke the 63.93 asian floor of Thursday's 63.93–64.33 Asian range and printed a 63.30 week low, with RSI(14) near 27 and price well below both EMAs.
Support: 63.45, 63.296
Resistance: 63.93, 64.33, 64.913
What it said to watch
H1 close back above the 63.93 asian floor and the 64.00 handle would signal the flush is exhausting; the lower-high line now sits near 64.19
Acceptance below the 63.45 break level and the 63.30 week low extends the lower-low sequence toward 62.30
US Initial Jobless Claims at 12:30 UTC plus Hammack (12:50) and Paulson (13:00) could materially shift this read
A retrace through the 64.33 asian high opens the 64.91 fib 38.2 of the week decline
10:04 UTC
Downtrend, fresh week low · RSI 29 · price 63.649
Lower highs and lower lows since Tuesday's 67.53 high.
Tuesday's NY-session rally from the 64.55 tue low to a week high of 67.53 failed below the swing highs. Wednesday's hot US PMIs drove a ~3.3-dollar slide, with a clean sequence of lower highs through the NY session. Thursday's Asian range (63.93–64.33) broke at the London open after Williams' hawkish remarks and 5.14% yields, printing a new week low at 63.44 with price below both EMAs and RSI(14) near 29.
Support: 63.437, 63.00
Resistance: 63.93, 64.328, 64.55
What it said to watch
H1 close back above the 63.93 asian low returns price to the Asian range and stalls the lower-low sequence
Failure to hold the 63.44 week low extends the downtrend toward the 63.00 round number
Initial Jobless Claims 12:30 UTC plus Hammack/Paulson at 12:50–13:00 could materially shift this read
Reclaim of the 64.33 asian high and the lower-highs trendline would break the descending structure; the 38.2% retrace of the Wed-Thu drop sits near 65.00
Lower highs and lower lows since Wednesday's 67.50 peak.
Silver has dropped about $4 from Tuesday's 67.53 high. The blowout US PMIs drove the leg lower in Wednesday's NY session, and Williams' hawkish remarks extended it in London today to a fresh week low at 63.53. Every hourly close since Wednesday's London open has been below EMA(20), now near 64.34, and bounces keep stalling at a descending lower-highs line, with the 64.00 psych level capping price through today's Asian range. RSI(14) near 27 is oversold, but there is no bullish divergence against the new low yet.
Support: 63.528, 63.45
Resistance: 64.00, 64.34, 64.504
What it said to watch
Hourly acceptance below the 63.45 range floor, just under the 63.53 week low, would extend the lower-low sequence
A close back above 64.00 psych and the ema20 near 64.34 would be the first break of the lower-highs line; the asia high at 64.50 sits near the 23.6% retracement of the decline
US Initial Jobless Claims at 12:30 UTC, followed by Hammack and Paulson, could materially shift this read given how closely silver is tracking yields
Lower highs and lower lows from 67.53, compressing in a tight Asian range.
Silver has printed lower highs since Tuesday's NY-session 67.53 week high. Wednesday's sharp US PMI beats drove the slide through 65.00 in the NY session, and the move extended to a 63.72 week low in Thursday's Asia session. Price is now compressing in a 63.72–64.50 range, with closes clustering around the 64.00 round number, the asia high capped by a falling EMA(20) near 64.45, and RSI(14) flat in the mid-30s.
Support: 64.00, 63.724, 63.45
Resistance: 64.50, 64.906, 65.18
What it said to watch
H1 close below the 63.72 week low extends the lower-low sequence and exposes the 63.45 range low
Reclaim of the 64.50 asia high and EMA(20) breaks the lower-high sequence, opening the 64.91 lower high and the 65.18 fib 38.2%
Fed's Williams at 08:10 UTC and US jobless claims at 12:30 UTC could materially shift this read
Lower highs from 67.53 week high; Thursday compressing 63.72–64.50.
Silver opened the week at 66.13 and rebounded from Tuesday's London flush to 64.55 into a 67.53 week high in NY. Wednesday then sold off in every session, and the NY leg on the US PMI beats broke that 64.55 low as yields and USD firmed. Thursday's Asia session printed a fresh week low at 63.72. Price is now pinned just above the 64.00 round number, capped by EMA(20) near 64.50, with RSI(14) flat in the mid-30s as the lower-high sequence flattens.
Support: 64.00, 63.724
Resistance: 64.50, 65.18, 66.13
What it said to watch
H1 close above 64.50 (ema20 / Thursday high) would mark the first higher high since Wednesday and open the 38.2% fib of the week's drop at 65.18
Failure to hold the 63.72 week low extends the lower-low sequence toward 63.45 support cited in the digest
Fed's Williams at 08:10 UTC and Initial Jobless Claims at 12:30 UTC (f/c 201K) could materially shift this read
Recovery back above the 66.13 weekly open would negate the week's decline structure
Lower highs from 67.53 week high, tight base 63.72–64.53.
Silver topped at the 67.53 week high late Tuesday and gave back the entire move. Wednesday's hot US PMIs and hawkish Fedspeak drove the slide through London and NY, and Asia extended it to a week low at 63.72 on Thursday. Price holds below EMA(20) near 64.40, which has capped every bounce since Wednesday's London open, while the Asia high at 64.53 marks the top of a tight 63.72–64.53 base. RSI(14) near 31 has printed a higher low against the lower price low, a bullish divergence inside an intact lower-highs sequence.
Support: 63.724, 63.45
Resistance: 64.40, 64.531, 65.178
What it said to watch
H1 close below the 63.72 week low extends the lower-low sequence toward next support at 63.45
Recovery above the ema20 and the 64.53 asia high breaks the lower-highs sequence and exposes the 38.2% fib of the week decline at 65.18
Fed's Williams at 08:10 UTC and Initial Jobless Claims at 12:30 UTC (f/c 201K) could materially shift this read
Hammack at 12:50 UTC and Paulson at 13:00 UTC add further event risk into the NY session
Lower highs and lower lows from the 67.53 week high; basing above 63.72.
Silver topped at the 67.53 week high and has sold off in a steady lower-high sequence since. The heaviest leg came in the NY session on Wednesday after the US PMI beats revived October hike bets, taking out the 65.00 area shelf and the pre-pmi high at 65.34. Asia session extended to a 63.72 week low, and price is now holding a tight range just above the 64.00 round number. It sits below EMA(20) near 64.63 with RSI(14) around 31, stretched but not yet turning.
Support: 64.00, 63.724
Resistance: 64.63, 65.343, 66.129
What it said to watch
H1 close below the 63.72 week low extends the lower-low sequence
Recovery above EMA(20) at 64.63, which aligns with the 23.6% fib of the selloff, would mark the first break in the lower-high structure
The pre-pmi high at 65.34 sits close to the 38.2% fib. A move back into that zone would retrace the PMI leg and put the downtrend read in question
Fed's Williams at 08:10 UTC and Jobless Claims at 12:30 UTC (f/c 201K), with Hammack and Paulson after, could materially shift this read
Weekly open at 66.13 is the level that would neutralise the week's decline
Tuesday's NY rally to 67.53 was fully reversed, with Wednesday's slide starting in Asia, extending through London and accelerating on the hot US PMI prints and hawkish Fedspeak. The pmi high at 65.34 marked the last lower high before a drop to 64.34. Price has since compressed into a 64.22 range low to 64.66 range top base below the ema20 (~64.88) and ~180 cents under Monday's 66.13 weekly open. The Asia sweep to a 63.96 week low was bought back above 64.30, RSI(14) is holding in the low 30s, and the sideways drift has carried price above the steep lower-highs line from Wednesday's 67.50 high.
Support: 64.222, 63.958, 63.45
Resistance: 64.66, 64.88, 65.343
What it said to watch
An H1 close above the 64.66 range top and the ema20 near 64.88 would mark the stall as a base rather than a pause
Failure to hold the 64.22 range low and the 63.96 week low exposes the 63.45 range floor
The 38.2% retrace of the week's 67.53–63.96 drop sits at 65.32, beside the pmi high; that zone caps any recovery on this read
Fed's Williams at 08:10 UTC and Jobless Claims at 12:30 UTC (f/c 201K) could materially shift this read