Lower highs from 67.53 double top; first higher low at 63.40.
Silver has traded in a downtrend since the double top at 67.53/67.50 on Tuesday and Wednesday. Wednesday's Fed-driven selloff and Thursday's yield surge after Williams' hike comments carried price to the 63.06 week low during NY hours. Friday's London-session bounce, as USD and yields paused, stalled at the 65.08 friday high just above the fib 38.2 at 64.78; the NY session then printed a higher low at 63.40, and price is settling on the ema20 near 64.20 with RSI(14) around 55.
Support: 64.20, 63.40, 63.06
Resistance: 64.78, 65.08, 65.29
What it said to watch
H1 close above the 65.08 friday high breaks the lower-high line and brings the fib 50 at 65.29 into view
Loss of the 63.40 higher low and the higher-lows line exposes the 63.06 week low
Holding the ema20 near 64.20 on pullbacks keeps Friday's bounce structure intact; a close back below it shifts focus back to the lows
Tue Fed speakers (Musalem, Goolsbee, Williams) and Wed ADP (f/c 70K) and PCE MoM (f/c 0.4%) could materially shift this read
Lower highs from 67.53; higher lows forming off 63.06.
The week's dominant move was the slide from Tuesday's late 67.53 high to a 63.06 week low during Thursday's NY session, as hawkish Fedspeak and yields above 5% pressured silver. Since then price has built a base, printing a higher low near 63.40 after the dip around Friday's durable goods release, and now sits just above EMA(20) at 64.19 and a flat EMA(50) with RSI(14) near 57. Friday's London-session rally stalled at 65.08, between the 38.2% and 50% fib of the week's decline, so the lower-high sequence remains intact.
Support: 64.19, 63.40, 63.059
Resistance: 64.77, 65.078, 65.29
What it said to watch
H1 close above the 65.08 friday high and the lower-highs line would break the lower-high sequence and put the 50% fib at 65.29 in play
Rejection at the 38.2% fib near 64.77 keeps price inside the 63.40–65.08 consolidation
Failure to hold the 63.40 higher low reopens the 63.06 week low
Wed ADP (f/c 70K) and PCE MoM (f/c 0.4%), plus Tue JOLTS and Fedspeak, could materially shift this read
Lower highs from 67.53; higher lows forming off 63.06.
The week's dominant move was Wednesday's slide from the 67.53 week high as hawkish Fedspeak lifted yields, extending to a 63.06 week low into Thursday's NY session. Friday's London-open bounce topped at 65.08, the friday high, between the 38.2% and 50% retracement of that drop. Mixed-to-firm US data in the NY session knocked price back to the 63.40 ny low, which held as a higher low. Price now sits between ema20 at 64.16 and ema50 at 64.30, with the 64.79 ny high near the 38.2% level capping the afternoon recovery.
Support: 64.16, 63.40, 63.06
Resistance: 64.30, 64.79, 65.08
What it said to watch
H1 close above 65.08 friday high breaks the lower-high sequence and puts the 50% retracement near 65.29 in play
Failure to hold the 63.40 ny low and the higher-lows line exposes the 63.06 week low
Holding between ema20 and ema50 keeps the read as consolidation below the 64.79 ny high
Fed's Hammack at 18:00 UTC, underway now, could cap the bounce into the weekly close
ADP Wednesday 12:15 UTC (f/c 70K) is the next high-impact test for yields and silver
Lower highs from 67.53; Friday higher low at 63.40 above 63.06.
Silver has printed lower highs since the 67.53 window high, breaking down through Wednesday's sessions and reaching a 63.06 week low in Thursday's NY session as hawkish Fedspeak and ~5.14% yields weighed. Friday's London-open bounce, as yields and the USD paused, stalled at the 65.08 Friday high. A rejection there sent NY hours back to a 63.40 Friday low, and the NY high at 64.79 now sits on the 38.2% fib and the lower-highs trendline. Price is pinned between the ema20 at 64.16 and EMA(50) near 64.30, with RSI(14) back at a neutral 53.
Support: 64.16, 63.40, 63.06
Resistance: 64.79, 65.08
What it said to watch
H1 close above the 64.79 ny high and the 65.08 friday high breaks the lower-highs trendline and invalidates the downtrend read
Failure to hold the ema20 at 64.16 exposes the 63.40 friday low; a break of the 63.06 week low resumes lower lows
Fed's Hammack at 18:00 UTC today could materially shift this read into the weekly close
JOLTS on Tue and ADP on Wed 12:15 UTC (f/c 70K) are the next data risks for the 63.06–65.08 structure
16:04 UTC
Downtrend from midweek high, rebound testing the pullback · RSI 57 · price 64.581
Lower highs from 67.53; Friday higher low at 63.40 above the 63.06 week low.
Silver has printed lower highs since the 67.53 week high set late Tuesday. The slide ran through Thursday on hawkish Fed commentary and yields at multi-year highs, reaching a 63.06 week low. Friday's London rally, on a pause in the USD and yields, met rejection at 65.08 (the friday high), between the 38.2% and 50% retracement. Price then flushed to the 63.40 friday low in the first hour of NY after the mixed durable goods data, before recovering back above EMA(20) near 64.15 with RSI(14) around 57.
Support: 64.15, 63.40, 63.06
Resistance: 65.08, 65.40, 67.53
What it said to watch
H1 close above the 65.08 friday high, and then the 65.40 breakdown level from Wednesday, would break the lower-high sequence
Failure to hold EMA(20) near 64.15 puts the 63.40 friday low back in focus; a break exposes the 63.06 week low
Fed's Hammack at 18:00 UTC today could shift this read via yields and the USD
Tuesday's JOLTS and Fed speakers are next-week risk; a move back toward the 67.53 week high would need a clear softening in US data
Lower highs and lower lows since Wednesday's 67.50 peak; Friday bounce failed below the 50% retracement.
Silver has printed lower highs and lower lows since Wednesday's 67.50 peak. The slide ran through Wednesday's PMI beat and Thursday's hawkish Fed commentary, reaching a 63.06 week low in NY hours. Friday's London-session bounce on the yield pause stalled at 65.08, below the 50% retracement and the lower-highs trendline, and has been fully unwound in early NY hours, leaving price back under the ema20 near 64.07 with RSI(14) at 44.
Support: 63.35, 63.06
Resistance: 64.07, 64.77, 65.08
What it said to watch
Failure to hold the friday low at 63.35 re-exposes the 63.06 week low and extends the lower-low sequence
H1 close back above the ema20 at 64.07 and the 38.2% fib at 64.77 would show the bounce re-attempting
Break above the friday high at 65.08 and the lower-highs trendline invalidates the downtrend read
UoM inflation expectations (14:00 UTC, current bar) and Fed's Hammack at 18:00 UTC could materially shift this read
Lower highs from 67.53; Friday higher low at 63.35 off 63.06 week low.
Silver has printed lower highs and lower lows since Tuesday's NY-session peak at 67.53, with Wednesday's PMI-driven selling and Thursday's hawkish-Fed extension carrying price to a 63.06 week low. Friday's London-open bounce on the pause in yields and USD reclaimed EMA(20) and EMA(50), but stalled at the 65.08 session high, between the 38.2% fib and 50% fib of the weekly decline. The mixed Durable Goods print (ex-transport 0.3% vs 0.6% f/c) has not extended the move, and RSI(14) near 59 has recovered without reaching overbought.
Support: 64.341, 63.347, 63.059
Resistance: 64.767, 65.078, 65.294
What it said to watch
H1 close above the 65.08 session high and the 50% fib at 65.29 would break the lower-highs trendline and challenge the downtrend read
Repeated rejection below the 38.2% fib at 64.77 keeps the Friday bounce corrective
Loss of the 64.34 wed low returns focus to the 63.35 asian low and the 63.06 week low; holding the higher-low trendline keeps Friday's bounce structure intact
UoM 1y/5y inflation expectations at 14:00 GMT (f/c 4.6%/3.4%) and Fed's Hammack at 18:00 GMT could materially shift this read
Lower highs from 67.53; Friday broke the 64.07 range top.
Silver fell from Tuesday's 67.53 high through Wednesday's PMI-driven slide and Thursday's hawkish-Fed extension to a 63.06 week low, printing lower highs the whole way. Friday's London session broke the lower-high line and the 64.07 range top as yields and the USD paused, lifting price above EMA(20) and EMA(50) with RSI(14) near 64. The push stalled at the 65.08 Friday high, short of the 50% fib of the week's drop at 65.29, and price is now sitting on the 38.2% level near 64.77.
Support: 64.34, 64.07, 63.059
Resistance: 65.078, 65.294
What it said to watch
US Durable Goods at 12:30 GMT and UoM inflation expectations at 14:00 GMT could materially shift this read
An H1 close back below the EMA(50) at 64.34 and the 64.07 range top would turn Friday's move into a false break
A close above the 65.08 Friday high opens the 50% fib at 65.29
Loss of the 63.06 week low would resume the lower-low sequence
Fed's Hammack at 18:00 GMT is a late-session risk to the yield pause
Lower-highs line broken; higher low at 63.35 above 63.06 week low.
Silver slid from Tuesday's 67.53 high through Wednesday's PMI-driven break and Thursday's NY session, as hawkish Fed repricing lifted yields, bottoming at the 63.06 week low. Asia held a higher low at 63.35 on Friday. London then broke the lower-highs line and the 64.07 prior cap as oil eased on US-Iran talk headlines, lifting price back above EMA(20) with RSI(14) near 67. Price is pressing the 65.06 Friday high just above the 38.2% fib, with the 65.47 Wednesday shelf and the fib 61.8 at 65.82 overhead.
Support: 64.50, 64.07, 63.35
Resistance: 65.06, 65.47, 65.82
What it said to watch
H1 close back below the 64.50 breakout level would turn Friday's move into a false break
Failure to hold the 63.35 higher low reopens the 63.06 week low
Acceptance above the 65.47 wed shelf opens the fib 61.8 at 65.82
Durable Goods at 12:30 UTC and UoM inflation expectations at 14:00 UTC could materially shift this read; Hammack speaks at 18:00 UTC
Lower highs from 67.53; Friday London broke the 63.06–64.07 base.
Silver has printed lower highs since Tuesday's NY peak at the 67.53 week high. Wednesday's PMI beats and hawkish Fed commentary drove the leg lower, which bottomed at the 63.06 week low in Thursday's NY session. Friday's London open broke the base as oil eased on US-Iran talk headlines, reclaiming EMA(20) near 63.97, EMA(50) and the Thursday high at 64.53, with RSI(14) lifting to ~65. The bounce stalled at the 64.75 session high, right at the 38.2% fib of the week's decline.
Support: 64.53, 63.97, 63.06
Resistance: 64.745, 65.29, 67.53
What it said to watch
H1 close above the 64.75 session high opens the 50% fib at 65.29, where Wednesday's pre-PMI breakdown shelf sits
Loss of the Thursday high at 64.53 and EMA(20) at 63.97 returns price to the prior base, with the 63.06 week low below
Higher-lows line from 63.06 stays intact while Friday's 63.35 low holds
Durable Goods at 12:30 UTC and UoM inflation expectations at 14:00 UTC could materially shift this read; Fed's Hammack speaks at 18:00 UTC
Lower highs broken above 64.00; higher low at 63.35 vs 63.06 week low.
Wednesday's hot US PMI beats triggered a ~3% slide from the 67.53 week high, and hawkish Fed commentary plus higher yields extended it to the 63.06 week low into Thursday's NY session. Friday's Asian range held a higher low at the 63.35 friday low. The London open bar then cleared the 64.00 prior cap and the lower highs line as oil and yields eased, lifting price back above EMA(20) near 63.92 and EMA(50) near 64.27 with RSI(14) near 68. The advance is stalling at the 64.75 session high, just under the 38.2% retracement of the week decline fib.
Support: 64.00, 63.35, 63.06
Resistance: 64.75, 65.06, 65.29
What it said to watch
H1 close back below the 64.00 prior cap would mark the London move as a false break
Close above the 64.75 session high and 38.2% fib exposes the wed shelf at 65.06 and the 50% fib at 65.29
Loss of the 63.35 friday low breaks the higher lows line and reopens the 63.06 week low
Williams 09:15 UTC, Durable Goods 12:30 UTC and UoM inflation expectations 14:00 UTC could materially shift this read
Lower highs from 67.529; tight consolidation 63.06–64.07 since Thursday NY.
Silver has printed lower highs since Tuesday's 67.529 peak. Wednesday's PMI-beat selloff ran through London and NY, and Thursday's hawkish Fedspeak extended the drop to a 63.059 week low during NY hours. Since then price has compressed into a 63.06–64.07 consolidation, reclaiming EMA(20) but holding below EMA(50), the lower-highs trendline and the 23.6% fib near 64.11, with the 64.067 asia high capping Friday's bounce. RSI(14) has recovered to the mid-50s without a higher high in price.
Support: 63.347, 63.059
Resistance: 64.067, 64.504
What it said to watch
H1 close above the 64.067 asia high and the lower-highs trendline breaks the sequence; 64.504 thu high sits above
Loss of the 63.347 asia low exposes the 63.059 week low, with the 62.30 range floor below
Williams 09:15 UTC, US durables 12:30 UTC and UoM inflation expectations 14:00 UTC could materially shift this read
07:04 UTC
Downtrend, stalling in consolidation · RSI 52 · price 63.816
Lower highs from 67.53; tight range 63.06–64.07 since Thursday NY.
Silver has printed lower highs since the 67.53 swing high. Wednesday's selloff on the PMI beats and Thursday's NY-session leg to the 63.06 week low extended the downtrend as hawkish Fed talk pushed yields higher. Since then price has compressed beneath the 64.00 psych cap and set a higher low at the 63.35 fri low early Friday, reclaiming EMA(20) but holding below EMA(50) with RSI(14) near 52. The bounce has not reached the 23.6% fib of the 67.53-63.06 drop, which sits at 64.11, and the lower-highs line still caps it.
Support: 63.35, 63.06, 62.30
Resistance: 64.00, 64.53
What it said to watch
H1 close below the 63.35 fri low breaks the higher-low sequence and exposes the 63.06 week low
Loss of the 63.06 week low extends the downtrend toward the 62.30 range floor
Sustained trade above the 64.00 psych and the lower-highs line would challenge the 64.53 thu high and the downtrend read
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 lows since Tuesday's peak; basing 63.06-64.07.
Silver has printed lower highs and lower lows since Tuesday's NY-session peak at 67.53. Wednesday's hot S&P PMIs and Thursday's hawkish Williams remarks drove the slide to a 63.06 week low early in Thursday's NY session. Since then price has based in a 63.06–64.07 band, with the bounce high stalling just under the 23.6% level of the week slide fib and capped by the lower highs line, while price sits pinned at EMA(20) near 63.68, RSI(14) is back near 48 and EMA(50) sits well overhead.
Support: 63.347, 63.059
Resistance: 63.68, 64.067, 64.66
What it said to watch
H1 close below the 63.35 asia low re-exposes the 63.06 week low and extends the lower-low sequence
H1 close above the 64.07 bounce high breaks the lower highs line and opens the 64.66 wed shelf
Fed's Williams at 09:15 UTC and UoM inflation expectations at 14:00 UTC could materially shift this read
Lower highs since Wednesday, compressing above week low.
Silver has printed lower highs since Tuesday's NY-session peak at 67.53. The 67.53-to-week-low decline began in Asia on Wednesday, extended after the hot US PMI beat during NY hours, and bottomed at the 63.06 week low into Thursday's NY session as Williams' hawkish remarks lifted yields. Friday's Asian session has held a tight band between the 63.45 pivot and the 64.07 Asia high. Price sits just under EMA(20) near 63.75, and the descending lower-highs line from Thursday's high has capped the rebound below the 23.6% retracement of the week's decline, with RSI(14) near 38.
Support: 63.45, 63.059
Resistance: 64.067, 64.531, 64.767
What it said to watch
An H1 close below the 63.45 pivot exposes the 63.06 week low and extends the lower-low sequence
A close above the 64.07 Asia high breaks the lower-highs line and opens the 64.53 Thursday high, then the fib 38.2 at 64.77
Fed's Williams at 09:15 UTC could materially shift this read
UoM inflation expectations at 14:00 UTC (1y f/c 4.6%, 5y 3.4%) could materially shift this read
Failure to reclaim EMA(20) keeps the week's decline structure intact
Lower highs from 67.53; tight consolidation 63.55–64.07 after 63.06 low.
Silver has unwound from Tuesday's 67.53 week high. Wednesday's hot US PMIs and Thursday's hawkish Williams remarks drove a roughly $4.50 slide to the 63.06 week low during Thursday's NY session. The rebound stalled at 64.02–64.07 (the rebound high), just short of the 23.6% fib of the week drop, and Asia session trade is compressing between the 63.55 asia low and that cap. Price is back below the ema20 near 63.78, and RSI(14) has recovered from oversold to the mid-40s, so the slide has paused rather than reversed.
Support: 63.545, 63.059
Resistance: 63.78, 64.067, 64.55
What it said to watch
H1 close below the 63.55 asia low reopens a test of the 63.06 week low
Close above the 64.07 rebound high and the 23.6% fib shifts focus to the 64.55 tuesday low
Repeated H1 closes above the ema20 would signal the consolidation is turning into a deeper correction
Williams (09:15 UTC), Durable Goods (12:30 UTC) and UoM inflation expectations (14:00 UTC) could materially shift this read
Lower highs from 67.53; higher lows since the 63.06 low inside a 63.06–64.07 box.
Silver has slid about 4.5 from Tuesday's late-NY week high at 67.53. The heaviest legs came at Wednesday's London open and through NY after the blowout US PMIs, and Thursday's hawkish Fedspeak and higher yields extended the move to a week low at 63.06. Since then the pair has printed higher lows inside a 63.06–64.07 box, with the range top capping three tests and the lower-highs line from Thursday's 64.50 still overhead. Price is now pinned to the EMA(20) near 63.82 with RSI(14) back near 49, and the 63.45 break level sits between price and the week low.
Support: 63.82, 63.45, 63.06
Resistance: 64.07, 64.60
What it said to watch
H1 close above the 64.07 range top and the lower-highs line opens the prior base near 64.60 from Wednesday's NY consolidation
Loss of the higher-lows line and a close below the 63.45 break level puts the 63.06 week low back in play and resumes the slide
Hourly closes back under the ema20 at 63.82 would show the base failing to hold
Fed's Williams 09:15 UTC, Durable Goods 12:30 UTC and UoM inflation expectations 14:00 UTC could materially shift this read
Selling has dominated since Tuesday's 67.53 high. Wednesday's blowout PMIs accelerated the slide into the NY session, and Thursday's hawkish Williams remarks and firm claims extended it to a 63.06 week low during NY hours. Since then price has compressed into a 63.06–64.07 range: three probes have been capped at the range top, while a rising line of higher lows off Thursday's low has reached the 63.55 session low in the Asia session. Closes are hugging EMA(20) near 63.75 and sit well below EMA(50), with RSI(14) back to the mid-40s from oversold. So far this reads as a pause within the downtrend rather than a reversal.
Support: 63.545, 63.059
Resistance: 64.067, 64.504, 64.767
What it said to watch
H1 close above the 64.07 range top opens Thursday's 64.50 high (thu high) and the fib 38.2 near 64.77
Loss of the 63.55 session low and the rising line from Thursday's low exposes the 63.06 week low, with the 63.45 breakdown level flagged in the news in between
Williams (09:15 UTC), Durable Goods (12:30 UTC) and UoM inflation expectations (14:00 UTC) are the likely catalysts for a break of the range
Lower highs since Wednesday, pennant above week low.
Silver has printed lower highs since Wednesday's Asia-session rejection near 67.50. London and NY sessions drove the slide to a week low at 63.059 on Thursday, as hawkish Fedspeak and firm jobless claims pushed yields higher. Since then price has compressed between a falling lower-highs trendline near the 64.02 lower high and rising lows into the 63.545 Asian low, sitting just under EMA(20) at 63.77 with RSI(14) near 45, a pennant within the week's downtrend.
Support: 63.545, 63.45, 63.059
Resistance: 63.77, 64.02, 64.77
What it said to watch
H1 close above the 64.02 lower high breaks the lower-highs trendline and opens the 38.2% fib of the week's slide at 64.77
Failure to hold the 63.545 Asian low and the 63.45 break level flagged in the news exposes the 63.059 week low
Repeated H1 closes back above EMA(20) at 63.77 would mark the first shift in the pullback sequence this week
Fed's Williams at 09:15 UTC, Durable Goods at 12:30 UTC and UoM inflation expectations at 14:00 UTC could resolve the pennant either way
Lower highs from 67.53; tight 63.50–63.85 base after Thursday's 63.06 low.
Silver hit its week high at 67.53 during Tuesday's NY rally. It then reversed from Wednesday's London open, and the beat on Wednesday's PMIs extended the slide below the 66.13 weekly open. Thursday's hawkish Williams comments and firm claims pushed it to a week low at 63.06 during NY hours. The NY bounce stalled at the 64.02 bounce high, and price has since compressed in a 63.50–63.85 band into the Asia session, sitting just under the flattening ema20 with RSI(14) recovering to the mid-40s. Lower highs at the 64.50 Thu high and 64.02 still define the sequence. The retracement of the 67.53–63.06 leg has not yet reached its 23.6% level near 64.11.
Support: 63.45, 63.059
Resistance: 63.75, 64.024, 64.504
What it said to watch
An H1 close below the 63.45 breakdown level would resume the lower-low sequence toward the 63.06 week low
Losing the 63.06 week low opens the move beyond this week's range
A reclaim of the ema20 and a close above the 64.02 bounce high would break the lower highs trendline and signal the slide stalling
The 64.50 Thu high marks the upper limit of the current lower-high structure
Fed's Williams (09:15 UTC), Durable Goods (12:30 UTC) and UoM inflation expectations (14:00 UTC) could materially shift this read