Lower highs and lower lows; Monday gap and range break.
Silver has put in lower highs and lower lows since the 67.53 high at the start of the window. Friday's bounce to 65.08 failed, and Monday gapped below the 64.32 close before a roughly 5% slide through the 62.30 range floor as US 10y yields held near the 5.23% high and Fed hike pricing firmed. The NY-session rebound stalled at the 61.80 NY high, and price now sits below EMA(20) near 61.43 after a fresh session low at 60.61 late Monday, with RSI(14) in the high 30s.
Support: 60.605, 60.00
Resistance: 61.43, 61.80, 62.30
What it said to watch
An H1 close below the 60.61 session low extends the lower-low sequence toward the 60.00 psych level
A recovery above the 61.80 NY high breaks the Monday lower-highs trendline
A return above the 62.30 range floor, near the 38.2% fib of the 65.08–60.61 leg, would negate the range break
JOLTS and Consumer Confidence Tue 14:00 UTC, Fedspeak through 19:00 UTC and ADP Wed 12:15 UTC could materially shift this read
Lower highs and lower lows since Friday's failed bounce.
Silver's slide from last week's 67.53 high resumed with a gap lower at Monday's open. It then extended roughly 5% during Asia and London hours, cutting through the 62.30 range floor as US 10y yields held near 19-year highs and Fed hike pricing firmed. A NY-session bounce was rejected at the 61.80 lower high, which sits just above the declining ema20. Price is now closing at the session low with RSI(14) near 32, and the 23.6% fib of the week-high move lines up with the broken range floor overhead.
Support: 60.605, 60.00
Resistance: 61.803, 62.30
What it said to watch
An H1 close below the 60.605 session low extends the lower-low sequence toward the 60.00 round number
Recovery above the ema20 and the 61.80 lower high would break the Monday lower-highs trendline
A return above the 62.30 range floor (23.6% fib) would negate the range break
Tuesday's JOLTS and Consumer Confidence at 14:00 UTC and the heavy Fedspeak slate could materially shift this read
Wednesday's ADP at 12:15 UTC is the next high-impact risk; a soft print would test the ema20 and the 62.30 range floor
Lower highs and lower lows after a Monday range-floor break.
Silver extended last week's slide from the 67.53 top. The week opened with a small gap lower, and the dominant leg came in the Asia session, cutting from 64.00 through the 62.00–62.30 range floor as US 10y yields pressed 19-year highs and Fed hike odds firmed. The NY-session bounce stalled at 61.80, a lower high below EMA(20) near 61.58, and price has since set a fresh Monday low at 60.605. RSI(14) near 30 is holding above the ~20 reading from the 60.94 London-open low, a bullish divergence against the lower low.
Support: 60.605, 60.00
Resistance: 61.58, 61.803, 62.30
What it said to watch
H1 close above the 61.80 lower high, and back over the ema20 near 61.58, breaks this week's lower-high sequence
A recovery into the 62.00–62.30 range floor, which lines up with the 38.2% fib of the 65.08–60.61 drop, is the area to watch for a retest or rejection
A move below the 60.605 monday low with RSI making a new low cancels the divergence and puts the 60.00 round number in focus
JOLTS and Consumer Confidence (14:00 UTC Tue) plus the Fed speaker lineup, then ADP (12:15 UTC Wed), could materially shift this read through yields and USD
Lower highs from 67.53; 63.06 swing low broken; basing 60.74–61.80.
Silver opened the week at 64.01 and has fallen through last week's 63.06 swing low and the 62.00–62.30 range floor. The dominant leg came in the Asia session and extended at London open, with US yields near the 5.23% high and a firm USD as the drivers. A NY spike to 61.80 met rejection and reversed to a fresh Monday low at 60.74. Price sits below EMA(20) and EMA(50), and RSI(14) in the mid-30s shows no divergence yet.
Support: 60.737, 60.00
Resistance: 61.803, 62.30, 64.014
What it said to watch
H1 close below the 60.74 Monday low extends the lower-low sequence toward 60.00 psych
Recovery above the 61.80 NY high and the lower-highs trendline near 62.00 challenges the downtrend read
Reclaim of the 62.30 range floor would mark the break as a false break; the weekly open at 64.01 is the next reference
JOLTS and Consumer Confidence Tue 14:00 UTC, plus heavy Fedspeak, could materially shift this read; ADP Wed 12:15 UTC follows
Lower highs and lower lows since Tuesday; Monday gap lower, bounce capped under EMA(20).
Silver gapped lower at Monday's open and extended the lower-highs sequence from Tuesday's 67.53 peak. The Asia session drove most of the drop as yields pressed toward 19-year highs and hike odds firmed. A first-hour-of-NY bounce stalled at the 61.80 bounce high, just under EMA(20), before a fresh session low at 60.74; RSI(14) printed a higher low there versus the London low, a bullish divergence inside a still-descending structure.
Support: 60.737, 60.00
Resistance: 61.80, 62.40, 63.06
What it said to watch
H1 close back above the 61.80 bounce high and EMA(20) opens a test of the 38.2% fib at 62.40
Failure to hold the 60.74 session low exposes the 60.00 round number
Thursday's 63.06 low (thu low) caps the broader structure; the lower-highs trendline sits near 62.00
JOLTS Tue 14:00 UTC and Fedspeak (Williams 18:00, Waller 19:00 UTC), then ADP Wed 12:15 UTC, could materially shift this read
Lower highs and lower lows since Wednesday's 67.50 top; 60.74–61.80 consolidation after Monday's breakdown.
Silver gapped lower at Monday's open. It then slid through the 63.06 prior wk low and the 62.30 range floor during the Asia session, as a firmer USD and 10y yields near 5.23% extended last week's rejection from the Friday high. London pressed the move to a 60.94 london low, and NY printed the 60.737 week low before a partial recovery. Both NY bounces stalled at 61.80, where the falling ema20 meets the 23.6% of the Fri–Mon fib, and RSI(14) has lifted to the high-30s from oversold.
Support: 60.94, 60.737, 60.00
Resistance: 61.80, 62.30, 63.06
What it said to watch
H1 close above 61.80 (ema20 / 23.6% fib) opens the path to the 62.30 range floor, where the lower highs trendline now sits near 62.05
Failure to hold the 60.94 london low and a break of the 60.737 week low extends the lower-low sequence toward 60.00 psych
Reclaiming the 63.06 prior wk low would negate the range break read
Tuesday's JOLTS (14:00 UTC, f/c 7.23M) and heavy Fedspeak through 19:00 UTC could materially shift this read
Silver gapped lower at Monday's open, extending a sequence of lower highs that has held since Tuesday's 67.53 rejection. It fell from 64.01 to the 60.94 morning low through the Asia and London sessions as near-record yields and firm Fed-hike pricing kept USD bid. The London-NY transition rebound stalled at the ema20 near 61.80, which lines up with the 23.6% fib of the 65.08–60.74 leg, before a first-hour-of-NY flush printed the 60.74 week low; price now rotates just above the morning low with RSI(14) near 35.
Support: 60.938, 60.737, 60.00
Resistance: 61.80, 62.30, 63.059
What it said to watch
H1 close above the ema20 / 23.6% fib near 61.80 would break the lower-highs trendline read
Failure to hold the 60.74 week low exposes the 60.00 round number
On any bounce, the broken 62.30 range floor is the first structural test from below, with Thursday's 63.06 prior low above
Fed's Cook at 17:15 UTC and Tuesday's JOLTS (14:00 UTC, f/c 7.23M) plus heavy Fedspeak could materially shift this read
Lower highs and lower lows below the broken range floor.
Silver gapped lower at Monday's open, from Friday's 64.32 close to 64.01. The selloff ran through the Asia session and London, slicing through Thursday's 63.06 prior low and the 62.30 range floor as 10y yields near 5.23% and firm Fed-hike odds kept USD bid. The bounce to the 61.80 session high sat on the 23.6% fib of the 65.08–60.74 leg, just under EMA(20) near 61.87. It met rejection in the first hour of NY and printed a fresh Monday low at 60.74, although RSI(14) held a higher low near 27 against 16 earlier in the day, a bullish divergence inside a still-intact sequence of lower highs.
Support: 60.737, 60.00
Resistance: 61.80, 62.30, 63.06
What it said to watch
H1 close above the 61.80 session high and the lower-highs line would break the intraday sequence and bring the 62.30 range floor into view as a retest
Failure to hold the 60.74 Monday low extends the lower-low sequence toward the 60.00 psych level
Reclaiming 63.06, Thursday's prior low, would negate the breakdown read for the week
Fed's Cook at 17:15 UTC today, then Tuesday's JOLTS (14:00 UTC, f/c 7.23M) and heavy Fedspeak, could materially shift this read
Lower highs from Tuesday's 67.53 peak; Thu-Fri 63.06–65.08 range broken lower.
Silver opened the week gapped below Friday's 64.32 close at a 64.01 weekly open. The Asia session drove the flush through Thursday's 63.06 low and the 62.30 range floor, and selling extended into London open as 10y yields held near the 5.23% high. The trend has respected the lower-highs line from Tuesday's 67.53 peak. The NY-open bounce stalled at the 61.80 bounce high, under EMA(20) near 62.05, and the first hour of NY printed a fresh Monday low at 60.74. RSI(14) near 33 is holding above its earlier ~26 trough despite that lower low, a tentative bullish divergence.
Support: 60.737, 60.00
Resistance: 61.803, 62.30, 64.014
What it said to watch
H1 close back above the 61.80 bounce high would open a retest of the 62.30 range floor, where EMA(20), the lower-highs line and the Friday-to-Monday fib 38.2% (62.40) cluster
Acceptance below the 60.74 Monday low exposes the 60.00 psych level and would void the RSI divergence
Fed's Cook at 17:15 UTC today could shift yields and this read
Tue JOLTS 14:00 UTC (f/c 7.23M) plus Williams/Waller late Tue are the next catalysts for the yield-driven leg
A hold under the 64.01 weekly open keeps Monday's gap unfilled and the week's lower-high sequence intact
14:05 UTC
Downtrend, oversold bounce under way · RSI 39 · price 61.786
Lower highs and lower lows since Tuesday; bounce below broken range floor.
Silver has printed lower highs since Tuesday's 67.53 peak and a lower high at 65.08 on Friday. Monday's gap lower was followed by an Asia-session selloff through the 62.00-62.30 range floor, with elevated US yields and a firm USD as the drivers. The week low at 60.94 printed early in London with RSI(14) near 20, and the rebound into the London-NY transition has left a higher low at 61.10 but still sits below EMA(20) at 62.14, which lines up with the 38.2% retracement of the Monday leg fib and the lower-highs trendline.
Support: 61.095, 60.938, 60.00
Resistance: 62.14, 62.30, 63.059
What it said to watch
H1 close back above the 62.30 range floor and the lower-highs trendline would negate the breakdown read
Rejection at the ema20 / 62.00-62.30 zone keeps the lower-high sequence intact; the thursday low at 63.06 is the next reference above
Failure to hold the 61.10 higher low reopens the 60.94 week low and the 60.00 psych level
Fed's Cook at 17:15 UTC today and Tuesday's JOLTS (14:00 UTC, f/c 7.23M) plus Williams/Waller could materially shift this read
Lower highs from 67.53; monthly range floor broken, tight base 60.94–61.45.
Silver gapped lower at Monday's open (64.01 vs Friday's 64.32 close), and the Asia session did most of the damage, cutting through the 62.00 broken support and 62.30 range floor before London extended the slide to a 60.938 week low. The move continues the lower-high sequence from Tuesday's 67.53 peak through Friday's failed bounce at 65.08, with stalled US-Iran talks lifting oil and 10y yields near 5.23% driving the repricing. Price is now compressing in a 60.94–61.45 band below EMA(20) near 62.21, and RSI(14) has recovered to ~31 after dipping into the mid-20s.
Support: 60.938, 60.00
Resistance: 61.445, 62.00, 62.30
What it said to watch
H1 close above the 61.445 bounce high would turn the current base into a corrective leg toward the 62.00 broken support
Reclaiming 62.00 broken support and the 62.30 range floor, where EMA(20) and the lower-high trendline converge, would neutralise the breakdown read; rejection there keeps the lower-high sequence intact
38.2% fib of the Friday high to Monday low move sits near 62.52, just above the range floor
Failure to hold the 60.938 week low confirms a fresh lower low and exposes the 60.00 round number
Fed's Cook at 17:15 UTC today, then Tuesday's JOLTS (f/c 7.23M) at 14:00 UTC and the Fed speaker cluster, could materially shift this read
Lower highs from Tuesday's 67.53 peak; Monday broke Thursday's low and the old range floor.
Silver gapped lower at Monday's open (64.01 vs Friday's 64.32 close). The Asia session slide to 61.80 cut through Thursday's low at 63.06 and the 62.00–62.30 range floor, and the London open extended the drop to the 60.94 Monday low. The digest ties the move to hawkish Fed repricing and US 10y yields holding near 5.23%. RSI(14) is oversold near 26, price sits more than a dollar under EMA(20) around 62.22, and the rebound off the Monday low has stalled at the 61.45 bounce high, keeping the sequence of Monday lower highs intact.
Support: 60.938, 60.00
Resistance: 61.445, 62.30, 63.059
What it said to watch
H1 close above the 61.45 bounce high breaks the Monday lower highs sequence
Reclaim of the 62.30 range floor, near EMA(20) and the 23.6% level of the week's drop, would neutralise the breakdown read
Failure at 60.94 Monday low confirms a lower-low and exposes the 60.00 round number
Thursday low at 63.06 is the prior-week swing now acting as upper resistance
Fed's Bowman 12:15 UTC and Cook 17:15 UTC today could materially shift this read
JOLTS Tue 14:00 UTC (f/c 7.23M) is the next data risk for yields and silver
11:04 UTC
Downtrend, oversold with early stabilisation · RSI 27 · price 61.309
Silver has printed lower highs since Tuesday's 67.53 NY-session peak. Friday's bounce stalled at 65.08, and Monday's Asia-session slide cut through Thursday's 63.06 prior low and the 62.00–62.30 broken floor as yields near 5.23% and October hike pricing weighed. Price is basing just above the 60.94 session low, tested twice around London open, with RSI(14) lifting from about 20 to 27. Overhead, the 62.10 Asia shelf and EMA(20) near 62.31 line up with the lower-highs trendline as the first rebound zone.
Support: 60.938, 60.00
Resistance: 62.118, 62.30, 63.059
What it said to watch
H1 close back above the 62.30 broken floor and EMA(20) would challenge the lower-highs trendline read
Failure to hold the 60.94 session low exposes the 60.00 psych level
A rebound that stalls at the 62.10 Asia shelf, just under the 61.92 23.6% of the Friday–Monday fib, keeps the downtrend sequence intact
Recovery through 62.52 (38.2% of the Friday–Monday fib) would put Thursday's 63.06 prior low back in play
Fed's Bowman (12:15 UTC) and Cook (17:15 UTC) today, then JOLTS Tue 14:00 UTC, could materially shift this read
10:04 UTC
Downtrend, stalling near lows · RSI 31 · price 61.317
Lower highs and lower lows since Tuesday; Monday gap and break below 62.00.
Silver has printed lower highs since Tuesday's 67.53 peak, and Friday's London-session bounce to 65.08 faded in NY. Monday opened with a gap below Friday's 64.32 close, then slid through the Asia session and past 62.00 as yields held near the 5.23% high and hawkish Fedspeak lifted the USD. The London session extended the leg to a 60.94 day low before stalling, with RSI(14) turning up from the mid-20s to about 31 while price sits well below the EMA(20) near 62.43; the broken 62.00 support and Thursday's 63.06 low now sit overhead.
Support: 60.938, 60.00
Resistance: 62.00, 62.43, 63.059
What it said to watch
An H1 close back above the broken 62.00 support and the EMA(20) near 62.43 would shift the read toward a retest of the breakdown zone
The 23.6% retracement of the Tuesday-to-Monday decline sits near 62.49, overlapping the EMA(20)
Failure to hold the 60.94 day low opens the path toward the 60.00 psych level
A recovery above Thursday's 63.06 low and the lower highs trendline near 63.9 would invalidate the downtrend read
Fed's Bowman (12:15 UTC) and Cook (17:15 UTC) today, then JOLTS Tue 14:00 UTC, could materially shift this read
Silver has printed lower highs since Tuesday's 67.53 NY-session peak. Friday's bounce stalled at 65.08, and Monday's gap-lower open at 64.01 turned into a slide through the thursday low at 63.06 and the 62.00-62.30 range floor, reaching a 60.94 session low. The Asia-session break came as stalled US-Iran talks lifted oil and kept Fed hike pricing and the 10y near 5.23% in focus, and London extended it. Price sits roughly 1,500 pips below the ema20 near 62.55, with RSI(14) near 17 and no divergence yet.
Support: 60.938, 60.00
Resistance: 62.30, 62.55, 63.059
What it said to watch
An hourly close back above the 62.30 range floor and the ema20 near 62.55 (the 38.2% fib zone) would challenge the lower-highs read
Failure to hold the 60.94 session low exposes the 60.00 round number
A reclaim of the thursday low at 63.06 would put price back above the lower-highs trendline
A higher RSI low on a fresh price low would mark bullish divergence from oversold
Fed's Bowman 12:15 UTC and Cook 17:15 UTC could materially shift this read
JOLTS Tue 14:00 UTC (f/c 7.23M) is the next data risk for yields and silver
05:06 UTC
Downtrend, extended and oversold · RSI 24 · price 61.96
Lower highs and lower lows since Wednesday's 67.50 rejection.
Silver reversed from Tuesday's NY-session push to 67.53. It has printed lower highs at 65.08 on Friday and 64.08 at Monday's open, alongside lower lows through Thursday's 63.06 low. Monday's Asia session gapped under the 64.32 Friday close and slid to a 61.80 Monday low as stalled US-Iran talks lifted oil and revived Fed-hike fears. Price now sits just under the 62.00–62.30 range floor, with RSI(14) oversold near 24 and both EMAs overhead.
Support: 61.80, 61.01, 60.00
Resistance: 62.30, 63.06, 64.32
What it said to watch
H1 close back above the 62.30 range floor would mark the Asian breakdown as a false break
Failure to hold the 61.80 Monday low exposes the 61.01 news level, then the 60.00 round number
Recovery through the 63.06 Thursday low and the 23.6% fib of the decline would break the lower-high sequence
Unfilled gap to the 64.32 Friday close stays open overhead
Tue Fed speakers (Musalem, Goolsbee, Williams) and JOLTS, then Wed ADP/PCE, could materially shift this read
Lower highs from 67.529; Thu–Fri range broken lower in Asia.
Lower highs from Tuesday's 67.529 peak to Friday's 65.078 London-session high define the week, and Friday's fade into the NY session carried into a gapped-down weekly open at 64.014. Monday's Asia session then broke Thursday's 63.059 low and the $62.30/$62.00 range floor to print a session low at 61.802, with hawkish Fed commentary (Hammack) cited early Monday as the driver. Price sits well below EMA(20) near 63.51 with RSI(14) around 24, stretched after four consecutive bearish hours.
Support: 61.802, 61.00
Resistance: 63.059, 63.506, 64.014
What it said to watch
A break of the 61.802 session low leaves the 61.00 round number as the next reference
Recovery back above the 63.059 thu low would mark the Asia break as a false break
Pullbacks stalling at EMA(20) near 63.51 keep the lower highs sequence intact
H1 close above the lower highs trendline and the 64.014 weekly open (near the 38.2% of the week fib) invalidates the downtrend read
Tue Fed speakers and JOLTS, then Wed ADP 12:15 UTC and PCE/GDP 12:30 UTC, could materially shift this read
02:04 UTC
Downtrend, stretched into oversold · RSI 25 · price 62.506
Lower highs and lower lows from 67.53; Monday gap-down broke Thursday's low.
Silver has printed a sequence of lower highs and lower lows since the week's high at 67.53 was rejected. Hawkish Fed repricing and multi-year-high yields drove the slide, and Friday's bounce to 65.08 faded back toward 64.30. Monday opened with a gap below Friday's close and extended through Thursday's low at 63.06 during the Asia session. It printed a 62.40 session low just above the 62.30 range floor, with RSI(14) near 25 and price well below EMA(20) around 63.80.
Support: 62.397, 62.30, 62.00
Resistance: 63.059, 63.80, 64.014
What it said to watch
An H1 close back above the 63.06 Thursday low would turn the Asia-session break into a false break
Failure to hold the 62.30 range floor and the 62.00 round number would break the mid-August range
A recovery through EMA(20) near 63.80 and the 64.01 weekly open would fill Monday's gap and unwind the lower-high sequence
A retracement of the 67.53-62.40 decline stalling below the 38.2% level near 64.36 keeps the downtrend structure intact
Fed speakers Musalem, Goolsbee and Williams on Tue could materially shift this read
ADP at 12:15 UTC and PCE/GDP at 12:30 UTC on Wed could also materially shift this read
01:07 UTC
Downtrend, extended after Monday gap · RSI 35 · price 62.984
Lower highs from 67.53; Thu-Fri range broken lower.
Silver has printed lower highs since Tuesday's 67.53 peak, and the selloff on hawkish Fed repricing and higher yields set the tone. Friday's London bounce to the 65.08 fri high faded below the 50% fib of that move. The week opened with a gap down to 64.01 (weekly open) under Friday's 64.32 close, and an Asia-session leg then broke the 63.06 thu low for a 62.86 session low, leaving price well below ema20 near 63.9. RSI(14) near 35 sits above its Thursday reading despite the lower low, with the 62.30 range floor and 62.00 round number from the mid-August range beneath.
Support: 62.861, 62.30, 62.00
Resistance: 63.059, 64.014, 65.078
What it said to watch
H1 close back above the 63.06 thu low would turn the range break into a false break
Failure to hold the 62.86 session low exposes the 62.30 range floor and 62.00 round number
Reclaiming the 64.01 weekly open and ema20 is needed before the lower highs line and 38.2% fib near 64.64 come into play; the 65.08 fri high caps above
RSI holding above Thursday's reading on further lows would mark a bullish divergence
Fed speakers Tue, then ADP 12:15 UTC and PCE/GDP 12:30 UTC Wed could materially shift this read
Lower highs from 67.53; gap-down open below Friday close.
The week's dominant move was Wednesday's hawkish-Fed selloff from the 67.53 high, extending to a 63.06 week low during NY hours Thursday. Friday's London-open bounce ran into rejection at the 65.08 friday high, below the 38.2% fib, and reversed into the NY open to set another lower high. Silver has opened the new week with a gap below the 64.32 friday close, trading under the 64.01 weekly open and back beneath EMA(20) near 64.07.
Support: 63.399, 63.059
Resistance: 64.014, 64.318, 65.078
What it said to watch
An H1 close back above the 64.32 friday close fills the weekend gap and neutralises the gap-down read
Failure to hold the 63.40 friday low exposes the 63.06 week low; a break there extends the lower-low sequence
A push through the 65.08 friday high and the lower highs trendline would break the sequence of lower highs
JOLTS and Fed speakers Tue, then ADP/PCE Wed 12:15-12:30 UTC, could materially shift this read