XAG/USD AI Live Scan, 15-minute chart, Wednesday, 28 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.
23:47 UTC
Post-Fed whipsaw, now compressing · RSI 50 · price 53.846
Tight 53.75–53.99 range after rejection of 54.605 spike high.
The in-line Fed hold and presser whipsawed silver from the 53.30 fed low to the 54.605 fed high, and the spike high was rejected within the hour. Price has since compressed in a 53.75–53.99 range into the early Asia session, near the 61.8% retrace of the post-Fed swing, with lower highs below the fed high and RSI(14) flat at 50.
Support: 53.752, 53.47, 53.296
Resistance: 53.99, 54.338, 54.605
What it said to watch
M15 close below the 53.75 range low exposes the 53.47 pre-Fed low, then the 53.30 Fed low
M15 close above the 53.99 range high breaks the lower-highs line and reopens the 54.34 prior high
Post-presser Fedspeak headlines during Asia hours could break the range
Thu 12:30 UTC core PCE (f/c 0.3% m/m, 3.1% y/y) and Q3 GDP are the next scheduled catalyst
23:32 UTC
Range after post-FOMC whipsaw · RSI 48 · price 53.852
Post-Fed swing 53.296–54.605, tight early-Asia range inside it.
The Fed hold and Warsh presser whipsawed silver during NY hours. It made a false break below the 53.472 pre-fed low to the 53.296 fomc low, then spiked to the 54.605 post-fed high before fading. Early Asia session is compressing between the 53.752 asian low and 54.052 asian high, near the 61.8% post-fed fib at ~53.80, with RSI(14) neutral around 48.
Support: 53.752, 53.472, 53.296
Resistance: 54.052, 54.605
What it said to watch
Loss of the 53.752 asian low exposes the 53.472 pre-fed low, then the 53.296 fomc low
M15 close above the 54.052 asian high reopens the 54.605 post-fed high
Thu 12:30 GMT core PCE / Q3 GDP (f/c 0.3% m/m, 3.1% y/y) is the next catalyst likely to break this range
23:18 UTC
Two-way after FOMC, compressing · RSI 55 · price 53.965
Post-presser lower highs inside the 53.30–54.61 FOMC range.
The Fed hold was priced. The presser swept the 53.47 pre-Fed low to a 53.296 FOMC low, then spiked to 54.605, where it met rejection at the post-Fed high. The USD softened, but silver has not held the spike. Early Asia now compresses between the 53.752 Asia low and a 54.057 lower high, with price sitting on the 50% retracement of the FOMC swing.
Support: 53.752, 53.47, 53.296
Resistance: 54.057, 54.338, 54.605
What it said to watch
M15 close above the 54.057 lower high breaks the compression and brings the 54.338 NY high back into play
Failure to hold the 53.752 Asia low (near the 61.8% of the FOMC swing) exposes the 53.47 pre-Fed low and the 53.296 FOMC low
Another rejection below the 54.605 post-Fed high keeps the lower-high sequence intact
Core PCE and Q3 GDP Thu 12:30 UTC (~13h) could materially shift this read
Whipsaw range 53.30–54.61, compressing near 53.80.
The FOMC presser whipsawed silver between the 53.30 fomc low and the 54.61 fomc spike, which was rejected within the hour. The new Asia session has compressed around 53.80, the 61.8% of the post-FOMC fib, with the 53.75 session low and 53.47 ny lows below and the 54.05 session high capping. ATR is still inflated by the presser bars.
Support: 53.752, 53.472, 53.296
Resistance: 54.052, 54.338, 54.605
What it said to watch
M15 close below the 53.75 session low exposes the 53.47 ny lows, then the 53.30 fomc low
Close above the 54.05 session high reopens the 54.34 ny high and the 54.61 fomc spike
Core PCE and Q3 GDP Thu 12:30 UTC (~13h) could materially shift this read
22:48 UTC
Post-FOMC whipsaw, drifting lower into Asia · RSI 49 · price 53.778
Wide 53.30–54.61 FOMC range, price mid-range below flat EMAs.
The in-line Fed hold set off a two-way NY session whipsaw. Price swept the 53.47 pre-FOMC low to 53.30, then spiked to 54.61 on the softer post-presser USD, and that spike was rejected within the hour. Early Asia is drifting toward the 53.75 session low at the 61.8% retrace of the FOMC swing, below a flat EMA20/50 near 53.85, with RSI(14) neutral at 49.
Support: 53.752, 53.47, 53.296
Resistance: 54.052, 54.338, 54.605
What it said to watch
Break of the 53.75 session low and the 61.8% fib exposes the 53.47 pre-FOMC low, then the 53.30 FOMC low
Recovery above the 54.05 session high reopens the 54.34 london high and the 54.61 fomc spike
Thu 12:30 GMT core PCE / Q3 GDP (~14h) could materially shift this read
Two-sided sweep; mid-range at 61.8% of FOMC swing.
The Fed hold whipsawed silver. The presser bar swept the pre-fed low at 53.47 down to the fomc low at 53.296, then spiked to the fomc high at 54.605, which was rejected despite the softer USD. Price now sits on the 61.8% of that post-fed fib near 53.80 and on EMA20/50, with the post-fed cap at 54.05 overhead and the new session low at 53.75 just below. RSI(14) is neutral at 52.
Support: 53.752, 53.47, 53.296
Resistance: 54.05, 54.33, 54.605
What it said to watch
M15 close below the 53.75 session low exposes the 53.47 pre-fed low, with the fomc low at 53.296 behind it
Acceptance above the 54.05 post-fed cap reopens the 54.33 prior high and the 54.605 fomc high
Thu 12:30 UTC core PCE (f/c 0.3% MoM / 3.1% YoY) and Q3 GDP could materially shift this read
ATR near 310 pips post-Fed; expect contraction during the Asia session
22:18 UTC
Two-way after FOMC, directionless · RSI 53 · price 53.965
Mid-range pause between post-FOMC sweep low and failed high.
The FOMC presser bar swept the 53.47 pre-fed low to 53.30 (the fomc low). Warsh's 'tightening is working' line softened the USD and drove a squeeze through the Asian high to the 54.60 fomc high. That push failed as a false break and fell back to the 53.79 pullback low. Early Asia is now flat near 53.96, the 50% retrace of the post-Fed swing, with RSI(14) neutral and ATR(14) elevated around 360 pips.
Support: 53.79, 53.47, 53.30
Resistance: 54.06, 54.34, 54.60
What it said to watch
Failure to hold the 53.79 pullback low exposes the 53.47 pre-fed low, then the 53.30 fomc low
M15 close above the 54.06 minor high reopens the 54.34 pre-fed high, with the 54.60 fomc high capping the post-Fed range
Thin early-Asia liquidity after the daily break keeps price inside 53.79–54.06 until one side gives
Thu 12:30 GMT core PCE and Q3 GDP (~14h) could materially shift this read
The FOMC decision swept the 53.47 pre-fed low down to a 53.30 fed low. Price then ran to a 54.61 presser high as the USD eased on Warsh's 'tightening is working' line, and was rejected there inside the 54.55–55.00 zone that has capped this week's rebounds. The new session opened near the 50% retrace of the post-Fed leg, with post-Fed higher lows intact above the 53.79 swing low. Overhead sit the 54.10 38.2% fib and the 54.34 prior high, and ATR has expanded to ~275 pips.
Support: 53.792, 53.47, 53.296
Resistance: 54.105, 54.338, 54.605
What it said to watch
Close below the 53.79 swing low breaks the post-Fed higher lows and exposes the 53.47 pre-fed low, then the 53.30 fed low
Acceptance above the 54.10 38.2% fib and 54.34 prior high reopens the 54.61 presser high
Thu 29 Oct 12:30 GMT core PCE / Q3 GDP could materially shift this read
21:47 UTC
Post-FOMC whipsaw, no clean direction · RSI 55 · price 53.957
Wide range 53.30–54.61 after the Fed presser, price mid-range.
Warsh's presser after the in-line Fed hold whipsawed silver. Price swept the pre-Fed low at 53.475 to a 53.296 Fed low, then broke above the NY high at 54.338 to a 54.605 post-Fed high. That break failed within one bar, and price now sits near the 50% of the post-Fed swing around 53.95, holding a 53.79 swing low with RSI neutral near 55.
Support: 53.792, 53.475, 53.296
Resistance: 54.338, 54.605
What it said to watch
Failure to hold the 53.79 swing low reopens the pre-fed low at 53.475
A close back above the ny high at 54.338 turns the false break into a retest of the 54.605 post-fed hi
A break below the 53.296 fed low takes out the whole post-presser range
Thu 12:30 UTC core PCE/GDP is the next scheduled driver; thin after-hours trade until then
ATR near 300 pips means post-Fed swings are still outsized versus the Asia session
Wide post-Fed range 53.30–54.61; spike above Asian high rejected, pullback holding 61.8%.
After a double low near the 53.47 NY low, Warsh's 'tightening is working' presser softened the USD. Silver whipsawed from the 53.30 Fed low, then swept the 54.516 Asian high to a 54.605 Fed high and was rejected. Price is now pivoting on the 50% retracement near 53.95, with the 53.79 swing low aligned with the 61.8% level, and ATR(14) has expanded to roughly 360 pips.
Support: 53.792, 53.472, 53.296
Resistance: 54.338, 54.516, 54.605
What it said to watch
M15 close below the 53.79 swing low (61.8%) reopens the 53.47 NY low
Recovery through the 54.34 swing high puts the 54.516 Asian high and 54.605 Fed high back in focus
Thu 12:30 UTC core PCE / Q3 GDP cluster could materially shift this read
21:17 UTC
Two-way, post-FOMC whipsaw after a lower-high day · RSI 55 · price 53.957
Wide post-Fed range 53.30–54.61, price at its midpoint.
Silver lost the 53.47 NY low to 53.30 during the Warsh presser, then reversed sharply as USD softened. The rally ran through the 54.34 NY high to a 54.605 Fed high and was rejected just above the Asian high. The pullback held 53.79, the 61.8% of the post-Fed fib, and price now sits near the 50% level late in NY with RSI(14) at 55 and ATR(14) near 287 pips.
Support: 53.792, 53.47, 53.296
Resistance: 54.338, 54.516, 54.605
What it said to watch
Loss of the 53.79 pullback low reopens the 53.47 NY low and the 53.30 FOMC low
M15 close above the 54.34 NY high puts the 54.52 Asian high and the 54.605 Fed high back in play
Thu 12:30 GMT core PCE / Q3 GDP could materially shift this read
Wide 53.30–54.60 post-Fed range; spike high rejected, higher low at 53.79.
The Fed held at 4% as expected. The presser whipsawed silver to a 53.30 fed low, then a USD-softening rally on Warsh's 'tightening is working' line pushed through the 54.34 NY high to a 54.60 spike high before a sharp rejection. Price now sits at the 50% post-Fed fib near 53.96, with the 61.8% aligned with the 53.79 swing low. ATR is about 340 pips, so post-Fed swings remain outsized into the Asia session.
Support: 53.79, 53.47, 53.296
Resistance: 54.338, 54.605
What it said to watch
M15 close below the 53.79 swing low (61.8% fib) exposes the 53.47 NY low and the 53.30 fed low
Reclaim and hold above the 54.34 NY high puts the 54.60 spike high back in play and weakens the false-break read
Thu 12:30 UTC core PCE/GDP cluster (~15.5h) is the next scheduled catalyst; a soft print vs 0.3% MoM could reshape this range
Late-session FOMC headline drift in thin Asia trade can extend the wide-range whipsaw
Wide range 53.30–54.60 after a sweep of both sides; price pinned near the 50% retrace.
The Fed hold and hawkish-leaning statement whipsawed silver in late NY hours. Price swept to the 53.296 fomc low, then pushed through the 54.516 asian high to a 54.605 fomc high that was rejected within a bar. Price is now back near 54.00 at the 50% retrace, with the 53.79 pullback low holding at the 61.8%. RSI(14) is neutral at ~55 and ATR(14) has expanded to ~290 pips.
Support: 53.79, 53.47, 53.296
Resistance: 54.33, 54.516, 54.605
What it said to watch
M15 close below the 53.79 pullback low breaks the 61.8% and reopens the 53.47 swing low
Acceptance above the 54.33 swing high puts the 54.516 asian high and 54.605 fomc high back in play
Loss of the 53.296 fomc low would turn the post-Fed sweep into a fresh session low
Live FOMC presser headlines and Thu 12:30 UTC core PCE/GDP could materially shift this read
20:32 UTC
Choppy, post-FOMC whipsaw · RSI 51 · price 53.812
Post-Fed spike rejected, back inside pre-Fed range.
The in-line Fed hold and press conference swept the session low to 53.296 and then spiked to 54.605, above the NY high at 54.338, but the move above 54.27 was rejected within two bars. Price is back near 53.81, sitting on the 61.8% fib of the post-Fed swing, inside the pre-Fed 53.47–53.90 range, with RSI(14) neutral and both EMAs flat.
Support: 53.796, 53.472, 53.296
Resistance: 53.898, 54.338, 54.605
What it said to watch
M15 close back above the 53.90 range top reopens the NY high at 54.338 and the 54.605 post-Fed high
Failure to hold the 61.8% fib at 53.80 exposes the 53.47 session low, then the 53.296 post-Fed low
Press conference headlines are still live; ATR of ~315 pips means 30-cent swings are routine for now
Thu 12:30 GMT core PCE (f/c 0.3% MoM / 3.1% YoY) and GDP could break the range in either direction
Sweep of 53.47 lows to 53.296, then higher high at 54.605 above the 54.338 prior high; now pulling back.
Warsh's press conference after the 4% hold whipsawed silver. The 18:30 bar broke below the 53.47 NY lows to the 53.296 fomc low, and that break failed. The late-NY rally then cleared the 54.338 prior high and was rejected at the 54.605 session high, inside the 54.55–54.60 area that has capped this week's rebounds. Price is holding above the 54.18 pullback low, with RSI(14) near 60 and ATR(14) about 310 pips.
Support: 54.183, 53.88, 53.296
Resistance: 54.338, 54.605
What it said to watch
M15 close below the 54.18 pullback low exposes the 53.95 fib 50% and the 53.88 breakout base
Acceptance above the 54.605 session high puts price into the 54.55–55.00 zone that capped this week's rebounds
Loss of the 53.296 fomc low would negate the post-presser reversal
Presser headlines are still live; Thu 12:30 GMT core PCE/GDP could materially shift this read
Sweep of afternoon lows, then higher lows and a break above the 54.338 swing high, pressing the Asian high.
The Fed's in-line hold at 4% set off a sweep of the 53.47 afternoon lows to a 53.296 FOMC low. The FOMC rally then cleared the 54.338 swing high during the presser, and price now sits just under the 54.516 Asian high. RSI(14) is near 64, and ATR has expanded to about 300 pips on the decision-driven swings.
Support: 54.338, 53.834, 53.296
Resistance: 54.516, 55.00
What it said to watch
A close above the 54.516 asian high brings the 54.55–55.00 round number zone into play; that zone capped this week's rebounds
A drop back below the 54.338 swing high would turn the breakout into a false break
Loss of the post-FOMC lows trendline and the 53.834 breakout bar low reopens the 53.296 FOMC low
The Warsh presser is live now, and Thu 12:30 GMT core PCE/GDP could materially shift this read
Lower highs and lower lows since Asia; price back inside the 53.47–53.90 range after an FOMC false break.
Lower highs from the 54.52 Asia high carried into the Fed hold. The presser whipsaw spiked into the lower-highs trendline at 54.27 and swept to a 53.30 post-Fed low before reclaiming the 53.47 range low. Late in the NY session, price sits at the 53.90 range top between the 50% and 61.8% fib of the 54.34–53.30 drop, with RSI(14) neutral near 50 and ATR expanded to about 271 pips.
Support: 53.47, 53.296
Resistance: 53.90, 54.271
What it said to watch
M15 close above the 53.90 range top puts the 54.27 spike high and the lower-highs trendline back in play
Failure to hold the 53.47 range low reopens the 53.30 post-Fed low
Rejection at the 61.8% fib near 53.94 keeps the lower-highs sequence intact
FOMC press conference headlines (Warsh on December) could materially shift this read; Thu 12:30 GMT core PCE/GDP is next
Lower highs and lower lows; wide post-presser range 53.30–54.27.
Silver lost the Asian low in London and the 53.47 pre-fomc low in NY. The Warsh presser then swept to a 53.30 fomc low before spiking to a 54.27 presser high, which was capped at the lower-highs line under the 54.34 session high. Late in the NY session price sits near the 50% retracement around 53.82, below the 53.94 lower high, with ATR blown out to ~275 pips.
Support: 53.47, 53.296
Resistance: 53.937, 54.271, 54.338
What it said to watch
M15 close above the 53.94 lower high (61.8% retracement) breaks the post-presser lower-high sequence
Failure to hold the 53.47 pre-fomc low reopens the 53.30 fomc low
Close above the 54.27 presser high and 54.34 session high breaks the lower-highs line
FOMC press conference still live; Thu 12:30 GMT core PCE (f/c 0.3% m/m, 3.1% y/y) and Q3 GDP could materially shift this read
19:17 UTC
Downtrend, FOMC whipsaw · RSI 52 · price 53.823
Lower highs from 54.516 intact, wide two-way presser range.
Late NY session. The Fed held at 4% as expected, and the press conference then whipsawed silver between a 53.296 fomc low and a 54.271 fomc high. The spike was rejected at the lower-highs trendline. Price is back near 53.82, the 50% retracement of the 54.338–53.296 drop, holding above the 53.475 range floor but capped by the 53.937 lower high.
Support: 53.475, 53.296
Resistance: 53.937, 54.271
What it said to watch
M15 close above the 53.937 lower high reopens the 54.271 fomc high and the lower-highs trendline
Failure to hold the 53.475 range floor exposes the 53.296 fomc low and extends the lower-low chain
FOMC presser tone remains live; Thu 12:30 GMT core PCE / Q3 GDP could materially shift this read
ATR(14) near 270 pips after the presser spike; bar ranges likely stay elevated
19:04 UTC
Downtrend, FOMC whipsaw · RSI 43 · price 53.493
Lower highs and lower lows; presser bar swept both sides and faded.
Silver kept printing lower highs through London and NY. It slid from the 54.34 NY high to the 53.47 swing low ahead of the in-line Fed hold. The presser bar swept to a 53.30 fomc low, then spiked to a 54.27 fomc spike into the lower-highs line, and gave the whole move back; price is pinned near 53.47–53.50 with RSI(14) at 43.
Support: 53.47, 53.296, 53.00
Resistance: 53.90, 54.271, 54.338
What it said to watch
M15 close below the 53.47 swing low and the 53.30 fomc low confirms a fresh lower-low, exposing 53.00 psych
Reclaim of the 53.90 minor high (61.8% fib zone) needed to soften the downtrend read; fomc spike 54.27 and ny high 54.34 sit above
Lower-highs line rejected the presser spike; a hold above it changes the structure
FOMC press conference still live, and Thu 12:30 GMT core PCE/GDP could materially shift this read
Lower highs from session high; false break below NY low.
Silver broke below the 53.47 NY low into the as-expected Fed hold and printed a 53.296 fed low. The 18:30 UTC presser bar then reversed it to the 54.271 presser high and closed near 53.97, leaving the break below 53.47 as a false break. Price now sits near the 61.8% retrace of the session high-to-fed low fib, with RSI(14) back around 56 and the presser high capping the spike, still below the 54.338 session high.
Support: 53.47, 53.296
Resistance: 54.271, 54.338
What it said to watch
An M15 close back below the 53.47 ny low would cancel the false break and put the 53.296 fed low back in play
An M15 close above the 54.271 presser high opens the 54.338 session high and breaks the lower-high sequence
The FOMC presser is still in progress and ATR(14) has jumped to ~220 pips; remarks on a December hike could materially shift this read
Thu 12:30 UTC core PCE (f/c 0.3% MoM / 3.1% YoY) is the next scheduled volatility risk
Lower highs from 54.34; 53.40–53.90 range since NY slide.
Rejection at the 54.34 NY session high unwound into a 53.47–53.90 range, with the lower high at 53.90 and the 53.84 Fed high both capped by the descending line. The in-line Fed hold whipsawed price both ways, sweeping the prior lows to a 53.40 Fed low before a bounce to 53.61. RSI(14) sits in the mid-40s.
Support: 53.47, 53.396
Resistance: 53.844, 53.898, 54.338
What it said to watch
FOMC presser under way from 18:30 UTC; December hike language could break the 53.40–53.90 range
Close below the prior lows at 53.47 and the 53.40 Fed low extends the lower-low sequence
Close above the 53.84 Fed high and the 53.90 lower high, near the 50% of the NY drop fib, breaks the descending line
Lower highs from 54.34; 53.47–53.73 range broken lower.
The as-expected Fed hold at 18:00 UTC produced a spike to the 53.84 fed high that was sold, and price has slipped through the 53.47 prior low to a fresh window low at 53.40. Lower highs since the 54.34 NY high keep the intraday downtrend intact, with RSI(14) near 40 and not stretched.
Support: 53.404, 53.00
Resistance: 53.47, 53.844, 54.338
What it said to watch
Fed press conference at 18:30 UTC could materially shift this read
M15 close back above the 53.47 prior low would turn the range break into a false break
Reclaim of the 53.84 fed high breaks the lower highs trendline
Failure to hold the 53.40 window low exposes the 53.00 round number
18:04 UTC
Downtrend, basing into FOMC · RSI 47 · price 53.678
Lower highs from 54.52; 53.47–53.90 base.
Silver slid from the 54.34 NY high to a 53.47 session low as oil-driven Fed-hike fears weighed, extending the lower-high sequence from the 54.52 Asia top. Price has since based between 53.47 and 53.90, tested three times at 53.47, and sits just below EMA20. The FOMC bar spiked to 53.84 and faded under the 53.90 spike high, which lines up with the 50% retrace of the NY drop.
Support: 53.621, 53.47
Resistance: 53.898, 54.103, 54.338
What it said to watch
Fed decision now and the 18:30 UTC press conference could materially shift this read
Close above the 53.90 spike high breaks the lower-high trendline and reopens the 54.10 london high
Close back above the 54.34 ny high would void the intraday lower-high chain
Failure to hold the 53.47 session low confirms a fresh lower low; the 53.62 london low is the first marker on the way down
Lower high at 53.898 under the 54.338 NY high; tight 53.47–53.73 band.
The rally into the NY open topped at the 54.338 NY high, then reversed through the 53.62 London low as the hike-fear tone ahead of the FOMC weighed on silver. Price has since held the 53.47 session low on three tests. It is boxed below the 53.73 range top after a spike to the 53.898 spike high was rejected, trading under both EMAs with RSI(14) near 42.
Support: 53.47, 53.00
Resistance: 53.73, 53.898, 54.338
What it said to watch
Fed decision at 18:00 GMT and the press conference at 18:30 GMT are minutes away and likely to resolve the 53.47–53.73 band
An M15 close below the 53.47 session low extends the lower-low sequence and opens the 53.00 round number
An M15 close above the 53.73 range top and then the 53.898 spike high breaks the descending trendline from the NY high
Lower highs from the NY high, tight range on the day low.
London broke below the Asian range (53.69–54.52). The run into NY open topped at the 54.338 NY high, then sold to a 53.47 day low as firm USD and oil-led Fed-hike fears weighed. Since 14:30 UTC price has held a 53.47–53.73 range. The 16:45 spike high at 53.898 was rejected near the 50% retrace of that drop, and RSI(14) sits near 38 with price back on the range floor.
Support: 53.47, 53.00
Resistance: 53.733, 53.898, 54.338
What it said to watch
FOMC decision at 18:00 UTC and the 18:30 press conference, about 30 minutes out, could materially shift this read; release moves can exceed the ~155-pip ATR
M15 close below the 53.47 day low breaks the range and extends the lower-low sequence, with the 53.00 round number next
Close above the 53.73 range top, then the 53.898 spike high, breaks the lower-high trendline from the NY high at 54.338
17:17 UTC
Downtrend, compressing into FOMC · RSI 42 · price 53.673
Lower lows below Asian range; 53.47–53.73 range after NY flush.
London broke below the Asian range to a 53.62 london low. NY opened with a rejection at the 54.34 ny high and a slide to a 53.47 session low, tested twice, as a firm USD and oil-driven Fed-hike fears weighed. Price has since held a 53.47–53.73 range, and the late spike high at 53.90 was rejected at the 50% fib of the NY drop, leaving price just under ema20.
Support: 53.62, 53.47
Resistance: 53.733, 53.898, 54.338
What it said to watch
Fed decision at 18:00 GMT (~45 min) and the 18:30 press conference could materially shift this read
An M15 close above the 53.73 range top and the 53.90 spike high would break the lower-high sequence and put the 54.34 ny high back in view
Failure to hold the 53.62 london low and then the 53.47 session low extends the lower-low chain
Lower highs from 54.34 NY high; double low at 53.47, neckline 53.73 not cleared on a close.
Silver bled through the Asian session from 54.52 to 53.69. The NY open bounce to the 54.34 NY high was sold back to a double low at 53.47 as a firm USD and oil-driven Fed-hike fears weighed. The late spike high at 53.90 faded at the 50% fib of that drop, leaving price pinned between the 53.73 neckline and the 53.62 London low, with RSI(14) near 42.
Support: 53.62, 53.47
Resistance: 53.73, 53.90, 54.34
What it said to watch
FOMC decision in under an hour, with the press conference 30 minutes later; this could materially shift the read
An M15 close above the 53.73 neckline confirms the double low; the 53.90 spike high and 50% fib sit above, with the 54.34 NY high beyond
Failure to hold the 53.62 London low and then the 53.47 double low resumes the lower-low sequence
Price staying below the lower highs trendline keeps the NY sell-off structure intact
Lower lows; tight 53.47–53.73 base after NY rejection.
Rejection at the 54.34 NY high triggered a slide through the 53.62 London low to a fresh session low at 53.47, extending the lower-low chain as oil-driven Fed-hike fears weigh into the FOMC. The 53.47 session low has held twice since. Price is compressing below the 53.73 bounce high, with RSI(14) near 36 and both EMAs overhead.
Support: 53.47, 53.00
Resistance: 53.733, 54.00, 54.338
What it said to watch
M15 close above the 53.73 bounce high opens the 38.2% fib near 53.80 and the 54.00 round number
Failure to hold the 53.47 session low extends the lower-low chain toward the 53.00 psych level
FOMC decision at 18:00 UTC and press conference at 18:30 UTC could materially shift this read; recovering the 54.34 ny high would break the lower-high sequence
Lower high at 54.34, lower low at 53.47; tight 53.47–53.73 range below Asian low.
NY session sold off from the 54.34 lower high, falling through the Asian range low near 53.69 to a 53.47 session low as the firm USD and oil-driven Fed-hike fears weighed. Price has since tested the session low twice and is capped by a swing high at 53.73, with RSI(14) near 42 and both EMAs overhead ahead of the FOMC.
Support: 53.47, 53.00
Resistance: 53.733, 54.00, 54.338
What it said to watch
M15 close above the 53.73 swing high breaks the lower-highs line and opens the 53.90 50% fib of the NY sell-off
Failure to hold the 53.47 session low extends the lower-low sequence toward the 53.00 round number
Reclaiming 54.00 psych (61.8% fib) undoes most of the NY sell-off; the 54.34 lower high caps above
FOMC decision at 18:00 GMT and press conference at 18:30 GMT could materially shift this read; dovish December messaging is the larger surprise given pricing
Silver was rejected at the 54.338 NY high in the first hour of NY. It gave back the London rally and printed a session low at 53.47, below the 53.62 London low, as a firm USD and oil-driven Fed-hike fears weigh ahead of FOMC. The bounce stalled at the 53.73 bounce high, short of the 38.2% fib, and price sits back near the session low with RSI(14) near 35.
Support: 53.47, 53.00
Resistance: 53.733, 54.00, 54.338
What it said to watch
Break of the 53.47 session low extends the lower-low sequence toward the 53.00 round number
Close back above the 53.73 bounce high and the lower-highs line opens 54.00 psych
Fed decision at 18:00 UTC and Warsh presser at 18:30 UTC could materially shift this read; event range likely exceeds the ~165-pip ATR
Reclaim of the 54.338 NY high would invalidate the intraday downtrend read
Lower highs and lower lows; tight band above session low.
NY's early push was rejected at the 54.338 NY high, a lower high under the 54.516 Asian high. Firm USD and oil-driven Fed-hike fears then took price to a fresh 53.470 session low. Price is now coiling in a 53.47–53.73 band below the 54.00 pivot ahead of the 18:00 GMT FOMC, with RSI(14) near 38 and the lower-highs trendline still capping.
Support: 53.47, 53.00
Resistance: 53.733, 54.00, 54.338
What it said to watch
Fed decision at 18:00 GMT and press conference at 18:30 GMT could materially shift this read; ATR(14) of ~170 pips understates event risk
A close above the 53.733 range top and the 38.2% NY drop fib near 53.80 would ease the lower-low pressure; reclaiming the 54.00 pivot brings the lower-highs trendline into play
Failure to hold the 53.470 session low extends the lower-low chain toward the 53.00 round number
An M15 close above the 54.338 NY high breaks the lower-high sequence
Lower lows below Asian range; NY high rejected, basing off session low.
The pre-NY run to the 54.338 NY high was rejected, and the unwind printed a fresh session low at 53.47, below the London low at 53.621 and the Asian range low at 53.687. Price is now basing near 53.72, under EMA20 (~53.80) and the 38.2% fib, with a firm USD and oil-driven Fed-hike fears capping rallies below the 54.00 round number ahead of the 18:00 GMT FOMC.
Support: 53.621, 53.47
Resistance: 53.80, 54.00, 54.338
What it said to watch
FOMC decision at 18:00 GMT and the 18:30 press conference, about 2h out, could materially shift this read
A break below the 53.47 session low extends the lower-low chain
Holding back above the 53.621 London low keeps the bounce off the lows intact
A close above the 53.80 38.2% fib and the 54.00 round number would neutralise the NY selloff
A recovery to the 54.338 NY high and the descending-highs line near 54.30 would invalidate the lower-high sequence
15:32 UTC
Downtrend, lower lows through all three sessions · RSI 37 · price 53.569
Lower highs and lower lows; NY open rally rejected, fresh session low at 53.470.
The NY open rally to 54.338 was rejected, leaving another lower high, and the reversal broke the Asian low (53.687) and London low (53.621) into a fresh session low at 53.470. Price is holding just above that low with RSI(14) near 37, as oil-driven Fed-hike fears weigh into the FOMC.
Support: 53.47, 53.00
Resistance: 53.687, 53.904, 54.338
What it said to watch
FOMC decision 18:00 UTC and press conference 18:30 UTC could materially shift this read; ATR near 160 pips likely expands
Failure to hold the 53.470 session low extends the lower-low chain toward the 53.000 round number
A reclaim of the 53.687 asian low, then the 53.904 fib 50% of the NY sell-off, would challenge the lower-highs structure
A move back above the 54.338 ny high breaks the lower-highs trendline
Asian range low broken; NY reversal from 54.338 printed a 53.47 session low.
The London rally stalled at a lower high of 54.338. The NY session then reversed it, cutting through the Asian low at 53.69 to a 53.47 session low as USD stayed firm into FOMC. Price is basing near 53.62, below both EMAs, with RSI(14) near 41 and not stretched.
Support: 53.47, 53.00
Resistance: 53.69, 53.80, 54.338
What it said to watch
FOMC statement at 18:00 UTC and the press conference at 18:30 UTC could materially shift this read
A recovery back above the Asian low at 53.69 and the fib 38.2 level at 53.80 would neutralise the NY drop
Failure to hold the 53.47 session low exposes the 53.00 round number
A close above the 54.338 lower high breaks the lower-highs trendline sequence
NY rally rejected at 54.338, fresh session low below the London low.
The early-NY push above the 54.103 London high stalled at 54.338. The NY high was rejected and the whole move retraced to a fresh 24h session low at 53.47, below the 53.621 London low, extending the lower-low chain that began in the Asian range. Price is under both EMAs with RSI(14) near 39 as USD stays firm into the FOMC.
Support: 53.47, 53.00
Resistance: 53.621, 54.103, 54.338
What it said to watch
FOMC decision at 18:00 GMT and the presser at 18:30 GMT could materially shift this read
A close back above the 53.621 london low would turn the break into a false break
Failure to hold the 53.47 session low exposes the 53.00 round number
Reclaim of the 54.103 london high, past the 50% of the ny sell-off fib near 53.90, puts the 54.338 ny high back in focus
14:47 UTC
Intraday downtrend, selling extended in NY · RSI 36 · price 53.49
Lower-low chain; NY rally rejected below Asian high, London low broken.
The NY session rally stalled at 54.34, below the 54.52 Asian high, then reversed. Price broke the London low at 53.62 and printed a fresh session low near 53.47 as a firm USD weighs ahead of FOMC. Lower highs and lower lows remain intact. RSI(14) is around 36, with no oversold extreme yet.
Support: 53.47, 53.00
Resistance: 53.62, 54.34, 54.52
What it said to watch
FOMC decision at 18:00 UTC and the 18:30 presser could materially shift this read
An M15 close back above the 53.62 london low would mark the break as a false break
Failure to hold the 53.47 session low exposes the 53.00 round number
A reclaim of the 54.34 ny high, beyond the 61.8% retrace near 54.01, breaks the lower-highs sequence capping price since the 54.52 asian high
14:18 UTC
Range within intraday decline, sellers capping rallies · RSI 46 · price 53.785
Lower high at 54.34 under the 54.52 Asian high; 53.62–54.34 day range.
Silver gave back nearly 80% of the London-NY rebound fib (53.62 to 54.34) within an hour of the NY open, leaving a lower high beneath the 54.52 Asian high and slipping back under EMA20/EMA50 as the dollar holds firm into FOMC. Price sits just above the 53.72 swing low, with the 53.62 day low marking the floor of today's range; RSI(14) is neutral near 46.
Support: 53.721, 53.621
Resistance: 54.103, 54.338, 54.516
What it said to watch
M15 close below the 53.62 day low breaks today's range and extends the lower-highs sequence
Recovery above the 54.10 London high puts the 54.34 swing high and the lower-highs trendline back in focus
Reclaiming the 54.52 Asian high invalidates the lower-highs read
FOMC decision at 18:00 UTC and press conference at 18:30 UTC could materially shift this read; ATR near 145 pips likely to expand
Lower highs from the 54.516 asia high; NY-open rally almost fully retraced inside a 53.62–54.34 day range.
Silver's NY-open push cleared the 54.103 london high, then reversed hard from 54.338. That false break has been unwound to 53.77, close to the 78.6% retrace of the rally off the 53.621 london low, with price back under EMA20/50 and RSI(14) near 48. Firmer oil and December hike pricing into FOMC keep the lower-highs sequence from the 54.516 asia high intact.
Support: 53.687, 53.621
Resistance: 54.103, 54.338, 54.516
What it said to watch
Failure to hold the 53.687 asia low exposes the 53.621 london low; a break there sets a fresh day low
Recovery back above the 54.103 london high reopens the 54.338 ny high
A close above the lower-highs trendline from the 54.516 asia high breaks the intraday down-sequence
FOMC at 18:00 GMT and the 18:30 GMT presser could materially shift this read
53.62–54.34 day range; NY-open spike above London high rejected.
The rally into the NY open cleared the 54.103 london high and reached a 54.338 ny high, then reversed. That retraced about 68% of the 53.621–54.338 leg and put price back below EMA20/EMA50. Price is still inside the 53.62–54.34 day range, which sits well below the 54.516 asia high. Firmer oil and hawkish-Fed pricing are capping silver into FOMC.
Support: 53.781, 53.621
Resistance: 54.103, 54.338, 54.516
What it said to watch
Failure to hold the 53.781 ny low exposes the 53.621 day low and a range break lower
A reclaim of 54.103 (london high) would neutralise the NY rejection; above 54.338 the asia high at 54.516 comes back into view
FOMC decision 18:00 UTC and press conference 18:30 UTC, roughly 4h out, could materially shift this read
ATR near 140 pips means intraday swings of that size are routine in this range
Lower-high sequence from the Asian high; London low at 53.621 followed by a recovery leg to 54.338, now retracing.
Silver recovered from the 53.621 day low set in London to a 54.338 NY high, clearing the 54.103 lower high before a rejection pulled it back toward the 54.026 pullback low. The 54.338 high is still below the 54.516 Asian high, so the lower-high sequence holds, and the pair is trading heavy into the Fed.
Support: 54.026, 53.98, 53.621
Resistance: 54.338, 54.516
What it said to watch
M15 close below the 54.026 pullback low exposes the 53.98 fib 50% and the rising support line
Close back above the 54.338 NY high reopens a test of the 54.516 Asian high, with digest resistance at 54.60 beyond
Loss of the 53.621 day low would extend the lower-low sequence
Fed decision 18:00 UTC and press conference 18:30 UTC could materially shift this read
HH/HL chain since late London, capped inside Asian range.
Silver rebounded from the 53.621 session low into the London-NY transition, cleared the 54.103 london high and stepped up to a 54.338 session high before a wick rejection, with RSI(14) easing from about 72 to 69. A slightly softer USD is limiting the downside per the digest, but price is still below the 54.516 asian high with the Fed decision about 4h45m out.
Support: 54.103, 53.719, 53.621
Resistance: 54.338, 54.516
What it said to watch
M15 close above 54.338 session high opens the 54.516 asian high
Loss of 54.103 london high (near 38.2% of the session rally fib) shifts focus to the 53.719 higher low
Break of 53.621 session low resumes the lower-low sequence
Fed decision 18:00 GMT and Warsh press conference 18:30 GMT could materially shift this read
Silver slid from the 54.52 Asian high to a 53.62 session low mid-London as firmer oil revived Fed-hike fears. It then rebounded through the 54.10 lower high and the falling lower-high line into the London-NY transition. Price is now testing the 78.6% fib near 54.33 with RSI(14) near 65, with higher lows at 53.69 and 53.72 beneath.
Support: 54.103, 53.719, 53.621
Resistance: 54.325, 54.516
What it said to watch
Holding the 54.10 lower high on a pullback keeps the breakout intact; a close back below reopens the 53.72 higher low
M15 close above the 78.6% fib at 54.33 exposes the 54.52 Asian high and the 54.54 prior high
Loss of the 53.62 session low resumes the lower-low sequence
Fed decision at 18:00 GMT and the 18:30 GMT press conference could materially shift this read
12:48 UTC
Intraday downtrend challenged by a sharp rebound · RSI 64 · price 54.18
False break below Asian low, London high reclaimed.
London dipped below the 53.687 Asian low to a 53.621 session low and reversed. Ahead of the NY open, the rebound has cleared the 54.103 London high and is pressing the 61.8% fib of the 54.516–53.621 decline at the 54.205 swing high. RSI(14) is 64 and not stretched, with silver heavy near $54 into today's FOMC.
Support: 54.103, 53.687, 53.621
Resistance: 54.205, 54.516
What it said to watch
M15 close above the 54.205 swing high breaks the overnight lower-high sequence and exposes the 54.516 Asian high
A drop back below the 54.103 London high would turn the breakout into a false break
Failure to hold the 53.687 Asian low and 53.621 session low resumes the lower-low chain
Fed decision at 18:00 UTC and the presser at 18:30 UTC could materially shift this read
12:32 UTC
Intraday downtrend, bounce testing range top · RSI 58 · price 54.044
Lower highs from the Asian high; 53.62–54.11 range since London, higher low at 53.72.
Silver slid from the 54.52 Asian high to a 53.62 session low in London, with oil-driven Fed-hike fears pressuring it as lower highs capped at 54.21 and then the 54.11 London high. The London-NY transition bounce off a 53.72 higher low has carried price back to that London high, putting the 53.62–54.11 range top under test ahead of FOMC.
Support: 53.72, 53.62
Resistance: 54.11, 54.21, 54.52
What it said to watch
M15 close above the 54.11 london high breaks the lower-high sequence and opens 54.21, then the 54.52 asian high
Failure to hold the 53.72 higher low puts the 53.62 session low back in play
Fed decision at 18:00 UTC and Warsh presser at 18:30 UTC could materially shift this read
Lower highs and lower lows since the 54.538 peak; bounce testing the descending trendline.
Asia session selling extended the lower-high chain. London's bounce stalled at the 54.103 london high before the slide reached a 53.621 session low. The recovery off that low has printed a 53.719 higher low and retraced to the 61.8% fib near 53.92, just under the descending trendline around 54.02 and the 54.00 round number. RSI(14) is neutral near 49 into the London-NY transition, with FOMC at 18:00 UTC.
Support: 53.719, 53.621
Resistance: 54.00, 54.103, 54.205
What it said to watch
M15 close above the descending trendline and the 54.00 round number exposes the 54.103 london high; a break of 54.205, the last lower high, invalidates the intraday downtrend read
Rejection at the 61.8% fib and trendline, followed by a loss of the 53.719 higher low, returns focus to the 53.621 session low
Fed decision at 18:00 UTC and the presser at 18:30 UTC could materially shift this read; ATR near 110 pips is likely to expand
Lower highs and lower lows since the Asia high; tight base near 53.62–53.88.
Silver slid from the 54.516 Asia high through London, with lower highs at 54.205 and 54.103 and a session low at 53.621, as a firm USD and oil-driven Fed-hike fears weighed. Price is chopping at 53.77, just under EMA20 in the London-NY transition, and the bounce high at 53.883 is capping ahead of the FOMC.
Support: 53.621, 53.215
Resistance: 53.883, 54.103, 54.516
What it said to watch
M15 close above the 53.883 bounce high and the falling trendline near 53.95 would break the lower-high chain
Failure to hold the 53.621 session low extends the lower-low sequence toward the 53.215 prior low
London high at 54.103 sits just above the 38.2% fib; a reclaim reopens the 54.516 Asia high
Fed decision at 18:00 UTC and the presser at 18:30 UTC could materially shift this read
Lower highs and lower lows since the Asian high; bounce testing the descending line.
Silver has stepped lower from the 54.516 Asian high through a 54.205 lower high and the 54.103 London high, with London setting a session low at 53.621. Price has since bounced to 53.88, just above EMA20 and still below the ~53.99 EMA50. Oil-driven Fed-hike repricing has kept the metal heavy into today's FOMC, and RSI(14) is neutral near 49.
Support: 53.621, 53.215
Resistance: 54.103, 54.205, 54.516
What it said to watch
M15 close above the 54.103 london high breaks the lower-highs sequence
Rejection near 53.96, where the lower-highs line meets the 38.2% retrace of the Asia-London decline, keeps the downtrend intact
A break of the 53.621 london low exposes the 53.215 tuesday low
Fed decision at 18:00 UTC and the presser at 18:30 UTC could materially shift this read
Lower highs and lower lows since the 54.52 Asia high.
Silver has printed lower highs at 54.52, 54.205 and 54.10 since the Asia open, with the London high at 54.10 rejected and a new session low at 53.621 set. The bounce to 53.79 sits below the 53.95 breakdown pivot, as higher oil and pre-FOMC USD firmness keep the metal heavy.
Support: 53.621, 53.215
Resistance: 53.95, 54.103, 54.205
What it said to watch
M15 close above the 53.95 breakdown pivot, then the 54.10 london high, breaks the lower-high chain
Failure to hold the 53.621 session low extends the sequence toward the 53.215 prior low
Falling trendline from the 54.205 lower high caps rallies near 54.0 while intact
FOMC decision 18:00 UTC and Warsh presser 18:30 UTC could materially shift this read
Lower highs and lower lows since 54.516; Asian low broken during London.
Silver extended the Asian slide into London, setting a session low at 53.621 below the 53.687 asian low before a shallow bounce. Lower highs from the 54.516 asian high through the 54.103 london high keep the intraday downtrend intact, with price below EMA20/50 as firmer oil revives Fed-hike concerns into FOMC. Price is coiling just above the asian low with no rebound past the 38.2% of the London drop yet.
Support: 53.687, 53.621, 53.50
Resistance: 53.947, 54.103, 54.516
What it said to watch
A close back above the 53.947 breakdown shelf reclaims the 61.8% of the London drop and tests the lower highs trendline
A break of the 54.103 london high voids the lower-high sequence and puts the 54.516 asian high back in view
Failure to hold the 53.621 session low confirms a fresh lower low toward the 53.50 round number
Fed decision at 18:00 UTC and presser at 18:30 UTC could materially shift this read
LH/LL chain from 54.516; London broke below the Asian low.
Silver has made lower highs since the 54.516 Asian high. London rejected 54.103 and then broke the 53.687 Asian low to a 53.621 session low, as oil-linked Fed-hike fears weighed into FOMC. Price is now hovering just above the old Asian low with RSI(14) near 42 and below both EMAs. The 53.871 breakdown level sits near the 50% retrace of the London leg.
Support: 53.687, 53.621
Resistance: 53.871, 54.103
What it said to watch
M15 close above the 53.871 breakdown level would stall the lower-highs sequence
Reclaim of the 54.103 London high invalidates the downtrend read
Failure to hold the 53.621 session low extends the lower-low chain; the Asian low at 53.687 is the first pivot
Fed decision at 18:00 UTC and presser at 18:30 UTC could materially shift this read
Lower-high/lower-low chain; London broke below the Asian low.
London capped at 54.10 below the Asia swing high at 54.20, then broke the asian low at 53.69 to a 53.62 session low. Price is back near 53.73 but still under the ema20 near 53.83, with RSI(14) at 43, as a firm USD weighs ahead of today's FOMC.
Support: 53.69, 53.62
Resistance: 53.83, 54.10, 54.20
What it said to watch
Holding back above the 53.69 asian low would turn the break into a false break
Failure to hold the 53.62 session low extends the lower-low chain
A close above the ema20 at 53.83 and the 38.2% fib reopens the 54.10 london high
Close above the 54.20 swing high breaks the lower-high trendline
FOMC decision at 18:00 UTC and presser at 18:30 UTC could materially shift this read
Lower-high/lower-low chain since the Asia open; London broke below the Asian low.
Silver has stepped lower from the 54.52 Asian high, printing lower highs at 54.205 and the 54.103 London high. The 54.103 high was rejected mid-London and price then broke the 53.687 Asian low to a 53.621 session low, with RSI(14) at 36 and USD firm into FOMC.
Support: 53.621, 53.079
Resistance: 53.687, 54.103, 54.205
What it said to watch
M15 close back above the 53.687 Asian low marks the range break as a false break
Failure to hold the 53.621 session low extends the lower-low chain toward the 53.079 prior low, with 53.00 just below
Close above the 54.103 London high breaks the lower-highs trendline; 54.205 lower high sits just above
FOMC decision at 18:00 UTC and presser at 18:30 UTC could materially shift this read
LH/LL chain since Asian high; London broke below Asian low.
Lower highs since the 54.516 Asian high. London faded at the 54.103 lower high, which also sits at the 50% retrace of the 54.54–53.66 decline, then broke the 53.687 Asian low for a session low at 53.657. RSI(14) near 40 is not stretched; a firm USD and oil-driven hike fears into tonight's FOMC frame the slide.
Support: 53.657, 53.50, 53.079
Resistance: 53.687, 54.103, 54.516
What it said to watch
M15 close back above the 53.687 asian low points to a false break of the Asian range
Failure to hold the 53.657 session low extends the lower-low chain toward the 53.50 round number, then the 53.079 day low
Close above the 54.103 lower high breaks the lower-highs trendline and the 50% retrace
FOMC at 18:00 UTC and Powell presser at 18:30 UTC could materially shift this read
10:04 UTC
Downtrend, lower highs since Asia · RSI 46 · price 53.816
Lower highs and lower lows; London bounce rejected at 50% retracement.
Silver slid through the Asia session from the 54.52 asia high to a 53.69 london low. Lower highs at the 54.21 asia swing and the 54.10 london high define a descending line, and the London bounce was rejected at the 50% retracement of that drop. Price is back near the 53.79 session low, below both EMAs, as oil-driven Fed-hike fears and a firm USD keep the metal heavy into FOMC.
Support: 53.786, 53.687
Resistance: 54.103, 54.205, 54.516
What it said to watch
Failure to hold the 53.79 session low and the 53.69 london low extends the lower-low sequence
An M15 close above the 54.10 london high and the descending line breaks the lower-high chain, with the 54.21 asia swing and 54.52 asia high above
FOMC decision at 18:00 UTC and the press conference at 18:30 UTC could materially shift this read; a dovish tilt on December is the larger surprise risk
Asia session sold off from the 54.52 asia high to a 53.69 asian low as renewed oil-driven hike fears pushed silver back below $54. The London bounce was rejected at 54.10, the 50% retracement of the Asia drop, leaving a lower high below the 54.21 swing high. Mid-London, price is compressing between 53.88 and 54.10 with RSI(14) neutral near 52.
Support: 53.877, 53.687
Resistance: 54.103, 54.205, 54.516
What it said to watch
M15 close above the 54.103 london high breaks the lower-high sequence and opens the 54.205 swing high
Failure to hold the 53.877 london low exposes the 53.687 asian low
FOMC 18:00 UTC and the Fed chair presser at 18:30 UTC could materially shift this read
09:32 UTC
Down from the 54.50 cap, now basing · RSI 50 · price 53.917
Lower highs above, higher low at 53.877.
After repeated failures near the 54.516 asian high, silver slid through Asia to the 53.687 asian low as the USD firmed into the FOMC. London's bounce met rejection at 54.103, the london high and 50% retrace of that drop, and price is back under 54.00 with RSI(14) near 50. The move is compressing between the 53.877 london low and that cap.
Support: 53.877, 53.687
Resistance: 54.103, 54.205, 54.516
What it said to watch
M15 close above the 54.103 london high, then the 54.205 swing high, breaks the lower-high sequence
Loss of the 53.877 london low exposes the 53.687 asian low
FOMC decision 18:00 UTC and Warsh presser 18:30 UTC could materially shift this read
09:18 UTC
Downtrend, London bounce stalling · RSI 55 · price 54.008
Lower highs from the 54.516 Asian high; London higher low at 53.877 after the 53.687 session low.
The Asia session slid from the 54.516 high to a 53.687 session low just before London open. London has since bounced, but the move was rejected at the 54.103 london high, right at the 50% fib of that drop, and has left a higher low at 53.877. Silver is pinned near 54.00 into the FOMC on a firm USD, with RSI(14) neutral near 55 and price between EMA20 and EMA50.
Support: 53.877, 53.687
Resistance: 54.103, 54.205, 54.538
What it said to watch
M15 close above the 54.103 london high clears the 50% fib and exposes the 54.205 swing high
Break of the 53.877 higher low returns focus to the 53.687 session low
FOMC at 18:00 UTC and the Warsh presser at 18:30 UTC could materially shift this read; the 54.538 prior high sits just under the 54.60 rejection zone
Lower highs since 54.538; London bounce off 53.687 capped at 54.10.
Silver has printed lower highs since Tuesday's 54.538 prior high. The Asia slide to a 53.687 session low came as higher oil and a firm USD revived Fed-hike pricing. The London open bounce was rejected at 54.103, the London high, near the 50% retracement, and price is back at the 54.00 pivot above the 53.92 london base, with RSI(14) neutral near 51.
Support: 53.924, 53.687
Resistance: 54.103, 54.205, 54.538
What it said to watch
M15 close above 54.103 london high breaks the lower-highs trendline and exposes the 54.205 lower high
Loss of the 53.92 london base reopens the 53.687 session low; a break there extends the lower-low chain
Reclaiming the 54.538 prior high would invalidate the intraday downtrend read
FOMC decision at 18:00 UTC and the Fed chair presser at 18:30 UTC could materially shift this read
Lower highs from asian high, higher lows off 53.687.
Asia sold silver from the 54.516 asian high to a 53.687 asian low as the USD held two-week highs into FOMC. Early London has bounced on higher lows at 53.715 and 53.778 to a 54.074 london high, now retesting the broken 54.00 area between the 38.2% and 50% retrace of the Asia drop, just under the EMA50.
Support: 53.933, 53.778, 53.687
Resistance: 54.074, 54.205, 54.516
What it said to watch
M15 close above the 54.074 london high and the 50% retrace opens the 54.205 swing high
Break of the 53.933 pullback low, then the 53.778 higher low, returns focus to the 53.687 asian low
Asian high at 54.516 sits just under the 54.60 rejection zone from the digest
FOMC decision 18:00 UTC and Powell presser 18:30 UTC could materially shift this read
Asian lower highs broken; first higher low at 53.780.
Asia slid from the 54.516 Asian high to 53.687 as a firm USD and Fed-hike pricing weighed on silver ahead of FOMC. The bounce into London open broke the Asian downtrend line and reclaimed 54.00. The London high at 54.074 stalled between the 38.2% and 50% levels of the Asian drop fib, with the higher low at 53.780 underneath.
Support: 53.933, 53.78, 53.687
Resistance: 54.074, 54.205, 54.516
What it said to watch
Holding the 53.93–54.00 retest zone keeps the Asian downtrend line break intact; slipping back under it marks a false break
A close above the 54.074 London high and the 54.205 swing high (61.8% of the Asian drop fib) ends the Asian lower-high sequence and opens the 54.516 Asian high
A break of the 53.780 higher low exposes the 53.687 Asian low and resumes the intraday downtrend
FOMC at 18:00 UTC and Powell's presser at 18:30 UTC could materially shift this read. December-hike signalling versus pushback is the swing factor.
Asian lower highs/lower lows from 54.52 to 53.69; London open lifting price into the 38.2% retrace.
Asia session ground silver from the 54.50 area to a 53.687 session low on oil-driven Fed-hike fears. London open bounced it about 300 pips into the 54.00 round number, which lines up with the 38.2% fib of the Asian leg. RSI(14) is neutral near 49 and price is back above EMA20 but still below EMA50.
Support: 53.776, 53.687
Resistance: 54.00, 54.205, 54.538
What it said to watch
M15 close above the 54.00 round number breaks the Asian lower-high sequence and puts the 54.205 lower high (61.8% fib) in play
Rejection at 54.00 followed by a loss of the 53.776 swing low keeps the lower-low chain intact toward the 53.687 session low
Tuesday's 54.538 tue high is the top of the window and only comes into view if 54.205 gives way
FOMC at 18:00 UTC with Powell at 18:30 UTC could materially shift this read; pre-event ranges may compress
Lower highs and lower lows since 00:00 UTC; tight 53.69–53.88 base into London open.
The Asia session broke below Tuesday's 54.16–54.54 NY range and printed lower highs down to a 53.687 session low just before London open. A firm USD and oil-driven Fed-hike pricing weighed into the FOMC. The early London bounce stalled at 53.88 on the lower-highs trendline, with RSI(14) near 40 and price under both EMAs.
Support: 53.687, 53.50
Resistance: 54.00, 54.205, 54.538
What it said to watch
M15 close above the lower-highs trendline and the 54.00 psych/38.2% level of the decline fib breaks the descending sequence; the 54.205 lower high is next above
Failure to hold the 53.687 session low extends the lower-low chain, opening the 53.50 round number
FOMC at 18:00 UTC and Powell at 18:30 UTC could materially shift this read; the 54.538 prior high marks the top of the decline
Lower highs / lower lows through Asia, capped below 54.00.
Silver gave back part of Tuesday's 52.657–54.538 rebound in Asia. A lower-high chain from the 54.516 session open pushed price back under the 54.00 round number to a 53.687 Asian low, with a firm USD and oil-driven Fed-hike fears weighing. Ahead of London open, price is pressing the descending trendline and sitting on the fib 38.2% at ~53.82, RSI(14) near 39.
Support: 53.687, 53.598, 53.376
Resistance: 54.00, 54.205, 54.538
What it said to watch
Failure to hold the 53.687 Asian low extends the lower-low chain toward the fib 50% at 53.598, then fib 61.8% at 53.376
An M15 close back above the descending trendline and the 54.00 round number breaks the Asian lower-high sequence, with the 54.205 swing high next
Reclaim of 54.205 reopens Tuesday's 54.538 prior high
FOMC decision at 18:00 UTC and Powell at 18:30 UTC could materially shift this read
07:17 UTC
Intraday downtrend, early London bounce · RSI 40 · price 53.848
Lower highs and lower lows through Asia, testing descending trendline.
Asia faded from 54.52 in a steady lower-high/lower-low sequence, printing a 53.687 session low before the London open as a firm USD and oil-driven Fed-hike pricing weighed. Price is now pressing the Asia trendline near 53.85, close to the 38.2% retrace of Tuesday's 52.66–54.54 rally, with the 50% fib at 53.60 below and the 54.00 round number above. RSI(14) sits near 40 and price is below both EMAs.
Support: 53.687, 53.598
Resistance: 54.00, 54.205, 54.538
What it said to watch
M15 close above the Asia trendline and the 54.00 round number breaks the lower-high chain and exposes the 54.205 swing high
Failure to hold the 53.687 session low extends the lower-low sequence toward the 50% fib at 53.60
54.538 prior high is Tuesday's rally top; the Asia sell-off started just below it
FOMC decision at 18:00 UTC, with the presser at 18:30 UTC, could materially shift this read
Asia faded from the 54.516 asian high in a steady lower-high chain, with the 03:00 UTC swing high at 54.205 and the 53.965 lower high capping each bounce. Price is pressing the 53.687 session low into London open, between the 38.2% and fib 50% retracement of Tuesday's 52.66–54.54 rally. Firm USD and oil-driven Fed-hike pricing are weighing ahead of FOMC; RSI(14) is near 31.
Support: 53.687, 53.598, 53.376
Resistance: 53.965, 54.205, 54.516
What it said to watch
M15 close above the 53.965 lower high breaks the descending trendline and the lower-high sequence
Acceptance below the 53.687 session low exposes the fib 50% at 53.598, then fib 61.8% at 53.376
Reclaim of the 54.205 swing high would neutralise the Asian-session decline; the 54.516 asian high marks the range top
FOMC decision 18:00 UTC and Powell presser 18:30 UTC could materially shift this read
06:48 UTC
Downtrend through Asia, stalling near lows · RSI 33 · price 53.819
Lower highs/lower lows, now compressing 53.71–53.97.
The Asian session unwound part of Tuesday's rally from the 54.52 Asian high in a lower-high/lower-low sequence as crude firmed and Fed-hike pricing revived. Price now sits at the 38.2% retracement of the 52.66–54.54 move. The last ~2h have compressed between the 53.71 session low and the 53.97 range top heading into London open, with RSI(14) near 33.
Support: 53.712, 53.598, 53.376
Resistance: 53.97, 54.205, 54.516
What it said to watch
Break below the 53.71 session low extends the lower-low chain toward the 50% fib at 53.60, then the 61.8% fib near 53.38
Close above the 53.97 range top and then the 54.21 lower high breaks the Asian lower-high sequence
Reclaim of the 54.52 Asian high would erase the overnight decline
FOMC decision at 18:00 UTC and Powell at 18:30 UTC could materially shift this read
Lower highs from the 54.516 Asian high, basing above the 53.776 Asian low.
The Asia session gave back Tuesday's NY-hours rally. The Asia drop ran from the 54.516 Asian high to a 53.776 low as firmer crude revived Fed-hike fears. Ahead of the London open, price is basing just above the Asian low under a lower high near 53.97, with RSI(14) in the mid-30s and both EMAs overhead.
Support: 53.776, 53.00
Resistance: 53.97, 54.205, 54.516
What it said to watch
M15 close above the 53.97 lower high, then the 54.205 swing high, breaks the Asia lower-high sequence; the 50% fib of the Asia drop sits at 54.146
Failure to hold the 53.776 Asian low extends the lower-low chain toward the 53.00 round number
Recovery of the 54.516 Asian high would erase the overnight decline
FOMC decision at 18:00 UTC and Powell at 18:30 UTC could materially shift this read
06:04 UTC
Intraday downtrend, grinding lower through Asia · RSI 38 · price 53.813
Lower highs and lower lows since the 54.516 Asia open; holding at the 38.2% fib.
The Asia session has formed lower highs and lower lows off 54.516. Price slipped below the 53.968 broken shelf to a 53.776 Asia low and now sits on the 38.2% fib of Tuesday's 52.657–54.538 rebound high move. Firmer crude and a two-week-high USD into today's FOMC have capped bounces. RSI(14) is near 38, soft but not oversold.
Support: 53.776, 53.598, 53.215
Resistance: 53.968, 54.205, 54.538
What it said to watch
An M15 close below the 53.776 Asia low extends the lower-low chain toward the fib 50% at 53.598, with the 53.215 swing low beneath
A reclaim of the 53.968 broken shelf, then a close above the 54.205 lower high, negates the Asian downswing
London open in the next 1-2h may expand beyond the Asian range
FOMC decision at 18:00 UTC (21:00 broker) and the 18:30 UTC presser could materially shift this read
Asia lower highs under a descending trendline, session low on the 38.2% fib.
The Asia session has given back part of Tuesday's 52.66–54.54 rebound, putting in lower highs at 54.52 and the 54.21 lower high along a descending trendline, as firmer oil and USD revived Fed-hike fears. The session low at 53.78 tagged the 38.2% fib (53.82). Price is now pressing that trendline from below near 53.93 ahead of the London open, back under the 54.00 round number.
Support: 53.776, 53.598, 53.376
Resistance: 54.00, 54.205, 54.538
What it said to watch
A close back above the 54.00 round number and the descending trendline would break the Asia lower-high sequence; the 54.21 lower high is next.
Loss of the 53.78 session low exposes the 50% fib at 53.60, then the 61.8% fib at 53.38.
Reclaiming the 54.54 prior high would negate the retracement read entirely.
The FOMC decision at 18:00 UTC and press conference at 18:30 UTC could materially shift this read.
05:34 UTC
Short-term downtrend, lower highs through Asia · RSI 36 · price 53.806
Lower highs from 54.205; broke the 53.97 Asia base, sitting at the 38.2% fib.
Asia session broke lower out of the overnight 54.38–54.52 range and cut through the 53.97 Asia base. Price is now pressing the 38.2% fib of Tuesday's 52.66–54.54 rally, near 53.82, with a session low at 53.78. A chain of lower highs since the 54.205 bounce caps the tape as firmer crude and Fed-hike bets weigh ahead of FOMC.
Support: 53.776, 53.598, 53.376
Resistance: 53.97, 54.205, 54.538
What it said to watch
M15 close back above the 53.97 Asia base and the lower-highs trendline negates the intraday downtrend read
Failure to hold the 53.78 session low exposes the 50% fib at 53.60, then the 61.8% fib at 53.38
Reclaiming the 54.205 lower high reopens the 54.54 rally high
London open in ~90 min is the first test of the Asia range break
FOMC decision 18:00 UTC and Powell 18:30 UTC could materially shift this read
05:17 UTC
Intraday downtrend, lower highs through Asia · RSI 39 · price 53.954
Lower highs from 54.516; late-NY 54.16–54.50 range broken lower, holding above 38.2% fib.
Asia has given back part of Tuesday's rally from the 52.657 YTD low. Price printed lower highs from the 54.516 asia high and broke under 54.00 psych as firmer crude revived Fed-hike pricing. The 53.851 asian low sits just above the 38.2% fib of the rally, with RSI(14) near 39 and ATR around 112 pips.
Support: 53.851, 53.709
Resistance: 54.00, 54.205, 54.516
What it said to watch
Close below the 53.851 asian low exposes the 53.709 swing low and the 50% fib near 53.60
Reclaim of the 54.205 lower high breaks the Asia lower-high sequence and the descending trendline
Rejection under 54.00 psych into London open keeps the descending trendline intact
FOMC decision 18:00 UTC and press conference 18:30 UTC could reset intraday structure
05:05 UTC
Intraday downtrend, lower highs through Asia · RSI 31 · price 53.853
Asia floor at 53.97 broken; price at session low near the 38.2% fib of Tuesday's rally.
Late Asia session: silver sold off from 54.52 and broke the 53.97 broken floor. It now sits at a session low against the 38.2% fib (53.82) of Tuesday's 52.66–54.54 rally, with lower highs at 54.48 and 54.20 marking the Asia downtrend line. Firmer crude and USD into FOMC frame the slide, and RSI(14) at 31 is soft but not extreme ahead of London open.
Support: 53.82, 53.71, 53.00
Resistance: 53.97, 54.20, 54.54
What it said to watch
M15 close back above the 53.97 broken floor neutralises the Asia breakdown
Acceptance below the 38.2% fib at 53.82 exposes the 53.71 swing low, then the 53.00 round number
Close above the 54.20 lower high breaks the Asia downtrend line, with the 54.54 tue high above
FOMC decision at 18:00 UTC and the 18:30 UTC press conference could reset the intraday structure
Lower highs and lower lows after a break below Tuesday's 54.16–54.52 range.
Late in the Asia session, silver has slipped out of Tuesday's 54.16–54.52 NY range as crude firmed. It is retracing part of the rally off the 52.66 YTD low, with lower highs at the 54.52 session high and 54.21. Price is pinned just under the 54.00 psych level near the 53.93 session low, and RSI(14) is around 33, soft but not extreme.
Support: 53.93, 53.82, 53.71
Resistance: 54.00, 54.21, 54.52
What it said to watch
An M15 close below the 53.93 session low extends the lower-low chain toward the 38.2% fib of Tuesday's rally at 53.82, then the 53.71 swing low
A reclaim of the 54.21 lower high breaks the descending trendline and neutralises the Asia-session downtrend read
London open could set a new session range from the 53.93–54.21 band
FOMC decision 18:00 UTC and presser 18:30 UTC could materially shift this read
04:33 UTC
Intraday downtrend, lower highs through Asia · RSI 36 · price 53.931
Lower highs from 54.516 Asia high, 53.97 shelf giving way.
Late Asia session has faded from the 54.516 Asia high to a fresh session low at 53.93, slipping under the 53.97 shelf on lower highs as firmer crude revived Fed-hike pressure. Price sits just above the 38.2% fib (53.82) of yesterday's rebound from the 52.657 YTD low, with the 53.71 swing low next below.
Support: 53.93, 53.82, 53.71
Resistance: 53.97, 54.205, 54.516
What it said to watch
M15 close back above the 53.97 asia shelf and the 54.205 lower high breaks the lower-highs sequence
Failure to hold the 53.82 38.2% fib exposes the 53.71 swing low
London open could extend or reject the session low at 53.93
FOMC decision 18:00 UTC and presser 18:30 UTC could materially shift this read
04:17 UTC
Intraday downtrend, lower highs through Asia · RSI 36 · price 53.973
Broke below NY consolidation range; LH/LL chain since Asia open.
Tuesday's rebound off 52.657 topped at 54.538 as oil eased, and NY hours then held a 54.16–54.52 range. Asia has broken that range floor with lower highs as crude firmed again. The asia low at 53.957 sits just above the 38.2% rally fib at 53.82, with RSI(14) near 36 and not yet oversold.
Support: 53.957, 53.82, 53.598
Resistance: 54.158, 54.205, 54.516
What it said to watch
Close back above the 54.158 range floor and 54.205 swing high breaks the lower-high chain and the falling trendline
Failure to hold the 53.957 asia low exposes fib 38.2 at 53.82, then fib 50 at 53.60
Only a reclaim of the 54.516 asia high negates the range break
FOMC decision 18:00 UTC and presser 18:30 UTC could materially shift this read
04:04 UTC
Intraday pullback, lower highs through Asia · RSI 37 · price 54.022
Broke below Tuesday NY range floor, basing at 53.97.
Late Asia session: price slipped out of Tuesday's 54.16–54.54 NY range, with the asia low at 53.97 tested three times and a rejection at the 54.205 bounce high leaving 54.00 unaccepted. The dip retraces roughly 28% of Tuesday's 52.66–54.54 rally, which came as oil eased on Middle East diplomacy, and lower highs since the Asia open are capping rebounds.
Support: 53.968, 53.707
Resistance: 54.158, 54.205, 54.538
What it said to watch
Failure to hold the 53.97 asia low exposes the 53.71 swing low and the 38.2% fib of Tuesday's rally near 53.82
M15 close back above the 54.16 range floor and 54.205 bounce high breaks the Asia lower-high sequence; tuesday high 54.54 sits above
FOMC decision Wed 18:00 UTC and Powell at 18:30 UTC could materially shift this read
Oil and Middle East headlines have moved silver inversely all week
Asian session lower-high sequence into a flat base at 53.97.
Tuesday's bounce from the 52.66 YTD-low area ran to a 54.538 prior high in NY before stalling in a 54.16–54.50 range. That bounce came as oil eased on Middle East diplomacy, but a firm USD capped it. Wednesday's Asia session rejected the 54.50 range top and printed lower highs down to a three-touch Asian low at 53.967. Price is now holding the 54.00 psych level, with the 54.205 lower high, near the 38.2% fib, capping the latest rebound.
Support: 53.967, 53.707
Resistance: 54.205, 54.538
What it said to watch
M15 close below the 53.967 Asian low extends the lower-low chain toward the 53.707 swing low
Close above the 54.205 lower high and 38.2% fib breaks the Asian down-sequence; 54.538 prior high is the next cap
Silver has repeatedly failed to hold 54.00; acceptance or loss of that psych level frames London's open
FOMC decision 18:00 UTC and Powell 18:30 UTC later today could materially shift this read
Asian session broke below the 54.36–54.52 shelf; lower high 54.21, triple-tested low 53.97.
Yesterday's London-NY rally from the 52.66 YTD low, helped by easing oil, stalled at the 54.54 prior high. Mid-Asia, price broke the 54.38 breakdown shelf and held the 53.97 Asia low three times; the bounce was rejected at a 54.21 lower high, leaving price on the 23.6% retrace near 54.09 with RSI(14) at 39.
Support: 53.967, 53.82, 53.707
Resistance: 54.205, 54.38, 54.538
What it said to watch
M15 close below the 53.97 asia low opens the fib 38.2 at 53.82, then the 53.71 swing low from the NY pullback
Reclaim of the 54.21 lower high breaks the descending trendline and puts the 54.38 breakdown shelf back in play
London open in ~4h is the first test of the Asian range; the FOMC decision at 18:00 UTC and the 18:30 presser could materially shift this read
Asia broke below the late-NY range; lower highs into a 53.97 base.
Asia session broke the 54.39 range floor that held through late NY and slid to a 53.97 session low. Buyers stepped in there three times; the bounce to 54.20 leaves a roughly 30% retracement of yesterday's rally from the 52.66 YTD low (rally fib). RSI(14) near 41, price below the EMA20, with the firm USD into the Fed capping the rebound.
Support: 53.97, 53.71
Resistance: 54.39, 54.54
What it said to watch
M15 close back above the 54.39 range floor restores yesterday's range, with the 54.54 prior high next above
Failure to hold the 53.97 session low exposes the 53.82 38.2% rally fib, then the 53.71 swing low
FOMC decision 18:00 UTC and Powell 18:30 UTC could materially shift this read
Lower highs/lower lows in Asia after break of the 54.16–54.53 range.
Mid-Asia session, silver has broken the 54.15 range floor of yesterday's late-NY 54.16–54.53 range and is pressing the 53.97 session low, with lower highs capping each bounce since the 54.52 open. Price sits between the 23.6% and 38.2% fib of yesterday's rebound off the 52.66 YTD low, which came as oil eased. RSI(14) is near 29 under a firm USD heading into today's FOMC.
Support: 53.968, 53.82, 53.71
Resistance: 54.15, 54.53
What it said to watch
An M15 close back above the 54.15 range floor and the lower-highs trendline negates the Asia breakdown and puts the 54.53 range top back in play
Failure to hold the 53.97 session low opens the 53.82 38.2% fib, then the 53.71 swing low from yesterday's NY breakout
FOMC decision 18:00 UTC and Powell at 18:30 UTC could materially shift this read
Asian range broken lower; lower highs into 54.00 psych.
Asia broke below its 54.38–54.52 range after 01:00 UTC and took out the prior NY low at 54.16. Lower highs at 54.516 and 54.478 have since pressed price onto the 53.97 asia low and 54.00 psych, with RSI(14) near 29. The drop has retraced about 27% of yesterday's 52.66–54.54 rally as USD holds two-week highs into the FOMC.
Support: 53.968, 53.82, 53.707
Resistance: 54.158, 54.478, 54.538
What it said to watch
A close below the 53.97 asia low and 54.00 psych extends the lower-high sequence toward the 38.2% fib at 53.82, then the 53.71 pullback low
A recovery back above the 54.16 ny low negates the range break, with the 54.48 lower high and 54.54 day high capping above
The Fed decision at 18:00 UTC and Powell's press conference at 18:30 could materially shift this read
02:32 UTC
Intraday down leg after Tuesday's rally stalled · RSI 29 · price 54.043
Asian range broken lower; lower highs and lows since 54.52.
Asia session broke the 54.38–54.52 Asian range and the 54.16 NY low. Price made a 53.97 session low and RSI(14) sits near 29, as the firm USD into today's FOMC capped the bounce from the 52.66 low. Price is holding the 54.00 psych area, near the 23.6% of the 52.66–54.54 rally fib.
Support: 53.97, 53.71
Resistance: 54.16, 54.38, 54.52
What it said to watch
Failure to hold the 53.97 session low exposes the 53.71 rally pivot near the 38.2% of the rally fib
A recovery back above the 54.16 ny low would mark the break as a false break
A reclaim of the 54.38 asian low puts the 54.52 asian high back in play
London open in about 4.5h is the next session test of the break
FOMC at 18:00 UTC, with Powell at 18:30, could materially shift this read
02:17 UTC
Short-term down, pullback from rebound high · RSI 26 · price 54.01
Range break lower in Asia, lower highs since 54.52.
Silver slipped through the 54.16 broken low during the Asia session. That level had based the NY-hours and overnight range. The drop tagged a 53.98 session low as the firm USD weighed into today's FOMC, with lower highs printing since the 54.52 Asian high and RSI(14) near 26. Price now sits just under the 23.6% retracement of yesterday's 52.66–54.54 rebound, with the 38.2% fib at 53.82 and the 53.71 swing low below.
Support: 53.978, 53.82, 53.707
Resistance: 54.158, 54.516
What it said to watch
M15 close back above the 54.16 broken low undoes the range break
Failure to hold the 53.98 session low exposes the 38.2% fib at 53.82, then the 53.71 swing low
Break of the lower highs line toward the 54.52 Asian high would restore the prior range read
Fed decision 18:00 UTC and Powell's 18:30 UTC presser could materially shift this read
Asia break below NY range low, lower highs forming.
Asia session slipped through the 54.158 range low that held through NY, printing an Asia low at 54.074 after a lower high at 54.478. Price sits near the 23.6% level of yesterday's 52.657–54.538 rally fib, the bounce off the YTD low having come on easing oil. RSI(14) near 32 is soft but not yet at an extreme, with the USD firm into the FOMC.
Support: 54.074, 54.00, 53.707
Resistance: 54.158, 54.478, 54.538
What it said to watch
M15 close back above the 54.158 range low would turn the break into a false break
Failure to hold the 54.074 Asia low and 54.00 round number exposes the 53.707 swing low, near the 38.2% of the rally fib
Close above the 54.478 lower high breaks the Asia lower highs line and reopens the 54.538 prior high
FOMC decision Wed 18:00 UTC, with the press conference at 18:30, could materially shift this read
54.16–54.54 range after rally from 52.657 low; Asia probing range floor.
Silver rebounded from the 52.657 YTD low in early London to a 54.538 prior high during NY hours as oil eased, then compressed in a 54.16–54.54 range. Asia has slipped below its opening range to retest the 54.158 double low, with a 54.408 lower high capping, RSI(14) near 35 and price under both EMAs.
Support: 54.158, 54.00
Resistance: 54.408, 54.538
What it said to watch
M15 close below the 54.158 double low exposes the 54.00 round number and the 23.6% rally fib near 54.09
Reclaim of the 54.408 lower high returns the range top and 54.538 prior high into view
FOMC decision Wed 18:00 UTC with Powell at 18:30 UTC could materially shift this read
01:32 UTC
Rebound stalled, sideways · RSI 43 · price 54.31
Range 54.16–54.54 since NY high.
Silver bounced from Tuesday's Asian low of 52.66, a fresh YTD low, to a 54.54 session high in NY as oil eased. It has ranged 54.16–54.54 since and holds above the 23.6% fib of that rally near 54.09. Early Wednesday Asia tagged 54.20 for the Asian low and drew a quick bounce, but price has slipped back mid-range under EMA20 with RSI(14) near 43.
Support: 54.196, 54.158, 54.00
Resistance: 54.516, 54.538
What it said to watch
M15 close below the 54.16 swing low breaks the range floor and exposes the 54.00 round number and the 23.6% fib
Acceptance above the 54.52 Asian high and 54.54 session high restarts the rebound leg
FOMC decision Wed 18:00 UTC and Powell presser at 18:30 are the likely catalyst for a range break
Tight shelf 54.16–54.54 after V-rebound off 52.66 low.
Silver rallied through London and NY from yesterday's 52.66 Asian low as oil eased on Middle East security talks, then stalled under the 54.54 prior high. Price has since held a shallow shelf above the 54.16 swing low, well above the 23.6% fib. The Asia session is mid-range between its 54.34 session low and the 54.52 session high, and RSI(14) is neutral near 45.
Support: 54.339, 54.158, 54.00
Resistance: 54.516, 54.538
What it said to watch
M15 close above the 54.52–54.54 session high / prior high cap ends the consolidation read
Loss of the 54.34 session low exposes the 54.16 swing low; below that, the 54.00 round number and the 23.6% fib near 54.09 come into view
Fed decision 18:00 UTC and Powell at 18:30 UTC could materially shift this read; pre-FOMC compression is likely to persist until then
00:47 UTC
Rebound stalled, sideways · RSI 49 · price 54.403
Tight range below 54.54 day high after V-recovery.
Silver rallied through London and early NY from the 52.66 YTD low to a 54.538 day high as oil eased on Middle East talks. It has since compressed for about nine hours above the 54.158 swing low, a shallow pullback that held above the 23.6% fib. Early Asia session is coiling between the 54.339 session low and the 54.516 session high, with RSI(14) flat near 49 and price just under EMA20.
Support: 54.339, 54.158, 54.00
Resistance: 54.516, 54.538
What it said to watch
M15 close above the 54.538 day high breaks the consolidation and resumes the rebound leg
Loss of the 54.158 swing low brings the 54.00 round number and the 54.09 23.6% fib into play
Fed decision at 18:00 UTC Wed, with Powell at 18:30, could materially shift this read
Silver printed a 52.66 YTD low in Asia, then ran to a 54.54 NY high through London and NY as oil eased. Since then price has compressed into a 54.16–54.54 range, with the 18:30 UTC swing low holding well above the 23.6% fib. Early Asia is holding a narrow 54.34–54.52 band below the ny high, with RSI(14) near 46 and price just under EMA20.
Support: 54.34, 54.16, 54.00
Resistance: 54.52, 54.54
What it said to watch
M15 close above the 54.54 ny high and the 54.52 asian high ends the range read
Break of the 54.34 asian low puts the 54.16 swing low in play
Loss of the 54.00 round number exposes the 38.2% fib near 53.82
Fed decision Wed 18:00 UTC and Powell at 18:30 could materially shift this read
Range 54.158–54.538 since NY; Asian range compressing inside it.
Silver rallied from the 52.657 YTD low set just before London open to a 54.538 range top during NY hours as oil eased on Middle East talks. The 54.158 swing low has held the pullback since, and the Asian session is compressing between the 54.381 Asian low and the 54.516 Asian high, just above EMA20. RSI(14) is neutral near 52, so there is no momentum signal inside the range.
Support: 54.381, 54.158, 54.00
Resistance: 54.516, 54.538
What it said to watch
M15 close above the 54.538 range top breaks the post-NY range and extends the rally
Loss of the 54.381 Asian low reopens the 54.158 swing low, with the 54.00 psych level and the 38.2% rally fib near 53.82 below
Fed decision at 18:00 UTC Wed and Powell at 18:30 UTC could materially shift this read
00:04 UTC
Rebound from YTD low, stalled into flat range · RSI 46 · price 54.416
Post-rally range 54.16–54.54 since NY; Asia compressing 54.38–54.50.
Silver's rebound from the 52.657 YTD low ran through the NY session to a 54.538 session high as oil eased on Middle East talks. Price has since held a range above the 54.158 swing low, with the range floor near 54.33. Early Asia is coiling under the 54.504 Asian high with RSI(14) neutral near 46 and price pinned to a flat EMA20 at 54.42.
Support: 54.33, 54.158, 54.00
Resistance: 54.504, 54.538, 55.00
What it said to watch
M15 close above the 54.538 session high and the 54.504 Asian high breaks the range top, with the 55.00 round number next
Failure to hold the 54.33 range floor and then the 54.158 swing low exposes the 54.00 round number and the 38.2% rebound fib near 53.82
Fed decision at 18:00 UTC Wed and Powell's 18:30 presser could materially shift this read