LH/LL chain; early Asia printing new session low below NY low.
Hot GDP and jobless claims at the NY open drove silver through 52.00, and each bounce since has capped lower: the NY high at 52.755, then the swing high at 52.367. The early Asia session has broken the NY low at 51.961 for a new session low at 51.806. RSI(14) at 36 is not stretched, and price sits below the descending line and the 38.2% fib near 52.17.
Support: 51.806, 51.50
Resistance: 51.961, 52.367, 52.755
What it said to watch
M15 close back above the 51.961 NY low turns the Asia break into a false break
Hold below the 51.806 session low extends the lower-low chain toward the 51.50 round number
Close above the 52.367 swing high and the descending line breaks the lower-high structure
ECI 12:30 UTC Fri, then Daly and Musalem, could materially shift this read
LH/LL chain; Asia broke below NY low, retesting it from below.
Clean LH/LL sequence from the 54.368 window high. After the hot Q3 GDP print, the NY session bounce stalled at the 52.755 ny high, and the lower-high trendline has capped every rally since, with rate repricing cited as the driver. Early Asia pushed through the 51.961 ny low to a 51.806 session low and is now retesting that level from below, with RSI(14) near 43, so momentum is soft but not oversold.
Support: 51.806, 51.50
Resistance: 51.961, 52.367, 52.755
What it said to watch
M15 closes back above the 51.961 ny low would turn the Asia break into a false break
A close above the 52.367 lower high breaks the lower-high trendline and the LH/LL chain; fib 50% of that leg sits near 52.09
Failure to hold the 51.806 session low extends the lower-low sequence toward the 51.500 round number
ECI Fri 12:30 UTC (f/c 0.8%), plus Daly and Musalem later, could materially shift this read; the 52.755 ny high marks the post-GDP reaction ceiling
23:19 UTC
Downtrend, fresh lower low in early Asia · RSI 34 · price 51.825
Lower highs from 52.755; 51.96 floor broken, session low 51.806.
Early Asia session broke the 51.96–51.99 prior lows that held twice during NY hours and printed a session low at 51.806. The lower-highs trendline from the 52.755 NY high is intact, with December Fed-hike pricing still the driver; RSI(14) near 34 is soft but not oversold.
Support: 51.806, 51.50
Resistance: 51.961, 52.367, 52.755
What it said to watch
A close back above the 51.961 prior lows turns the range break into a false break
Acceptance below the 51.806 session low leaves the 51.50 round number as the next reference
A move through the 52.367 swing high and the lower-highs line breaks the intraday down sequence
Retracement of the drop from the NY high: 38.2% sits near 52.17
ECI at 12:30 GMT Fri (f/c 0.8%) and Daly/Musalem later could materially shift this read
23:04 UTC
Downtrend, grinding at lows · RSI 44 · price 51.97
Lower highs from 52.755, marginal lower lows near 52.00.
Silver extended Thursday's slide on hot Q3 GDP and claims. The 51.96–51.99 NY lows were probed three times before early Asia printed a marginal new session low at 51.943, just under the 52.00 round number. Lower highs at the 52.755 bounce high and the 52.367 swing high cap rebounds, with price below both EMAs and RSI(14) mid-40s, not oversold on this timeframe.
Support: 51.943
Resistance: 52.00, 52.367, 52.755
What it said to watch
Recovery above the 52.00 round number and a close above the 52.367 swing high would break the lower-highs sequence
Acceptance below the 51.943 session low extends the lower-low chain
Asian range likely tight (~145-pip ATR); Friday ECI at 12:30 GMT and Daly/Musalem later could materially shift this read
Lower-high chain from 54.368; base forming near 51.95–52.00 under a falling trendline.
Lower highs stepped down all session from the 54.368 Asia spike. The hot Q3 GDP and jobless claims prints drove the NY break under 52.00, and the 52.367 lower high capped the late bounce. Early Asia has printed a marginal new day low at 51.943 under trendline resistance, with RSI(14) mid-40s and no oversold extreme.
Support: 51.943
Resistance: 52.367, 52.755
What it said to watch
M15 close above the trendline and the 52.367 lower high breaks the lower-high chain. That level sits near the 50% retrace of the 52.755 swing high leg.
Sustained trade below the 51.943 day low extends the lower-low sequence after four tests of the 51.95–52.00 base
ECI at 12:30 UTC Fri, then Daly/Musalem at 16:00/16:30 UTC, could materially shift this read
Lower-high chain intact; tight 51.96–52.37 base since late NY.
Hot Q3 GDP and lower claims extended the slide in the NY session to a 51.961 swing low. Lower highs remain in place at the 52.755 bounce high and the 52.367 lower high. Early Asia is holding near 52.10, just above the 52.00 round number, inside the late-NY 51.96–52.37 range, with RSI(14) back to neutral around 46.
Support: 52.00, 51.961
Resistance: 52.367, 52.755
What it said to watch
An M15 close above the 52.367 lower high breaks the lower-high chain and exposes the 52.755 bounce high
Acceptance below the 52.00 round number and the 51.961 swing low resumes the lower-low sequence
Fri ECI (12:30 UTC), Chicago PMI and Daly/Musalem remarks could materially shift this read
Lower highs under descending trendline; base 51.96–52.37.
Hot US GDP and claims at 12:30 GMT pushed silver through 52.23 to the 51.961 day low during NY hours. The late-NY bounce stalled at the 52.367 lower high, at the 50% fib and the descending trendline. Early Asia is holding just above the 52.087 swing low.
Support: 52.087, 51.961
Resistance: 52.367, 52.755
What it said to watch
M15 close above the 52.367 lower high breaks the descending trendline and opens the 52.755 data high
Failure to hold the 51.961 day low extends the lower-low chain below 52.00
Loss of the 52.087 swing low during Asia puts the day low back in play
US ECI at 12:30 GMT Fri (f/c 0.8%), then Daly and Musalem, could materially shift this read
Lower highs from 53.07; NY broke the London low and based at 51.96–52.00.
Silver extended its slide after the hot Q3 GDP and jobless-claims beats. NY broke the 52.477 London low and printed a 51.961 session low, with lower highs at 53.07, the 52.755 lower high and the 52.367 late NY high. The late-NY bounce stalled at the 50% retracement of the NY swing and faded into the daily close, leaving price under EMA20 with RSI(14) near 44 and the 52.087 micro low the nearest support.
Support: 52.087, 51.961
Resistance: 52.367, 52.477, 52.755
What it said to watch
Failure to hold the 52.087 micro low reopens the 51.961 session low and the 52.00 handle
A close above the 52.367 late NY high breaks the lower-highs line and puts the 52.477 London low back in play as resistance
Fri ECI 12:30 GMT (f/c 0.8%), Chicago PMI and Daly/Musalem could materially shift this read
Lower highs from 54.37 Asia spike; late-NY base at 51.96–52.00.
Hawkish Fed-hike pricing after hot Q3 GDP drove a lower-high chain from the 54.37 Asia spike. The NY flush printed a 51.96 day low, and the 52.00 round number held twice. The late-NY bounce was rejected at the 52.37 fib 50% under the lower-high trendline, with RSI(14) neutral near 46.
Support: 52.00, 51.961
Resistance: 52.367
What it said to watch
M15 close above 52.37 fib 50% breaks the lower-high trendline and exposes the 52.75 swing high
Acceptance below the 51.96 day low resumes the downtrend leg after the 52.00 round number base
US ECI Fri 12:30 GMT (f/c 0.8%) could materially shift this read
Lower highs from 54.368; late-NY range 51.96–52.37.
Lower highs from the 54.368 Asia spike are intact. The hot GDP and claims prints at 12:30 GMT drove a break to 51.988, and NY retested that area at the 51.961 day low. The bounce saw rejection at the 52.367 lower high, the 50% retracement of the leg from the 52.755 post-data high, and late NY is chopping below EMA20 with RSI(14) near 45.
Support: 51.961
Resistance: 52.367, 52.755
What it said to watch
M15 close below the 51.961 day low extends the lower-low chain
Acceptance above the 52.367 lower high breaks the lower-highs trendline and puts the 52.755 post-data high back in view
Fri ECI 12:30 GMT (f/c 0.8%) and Daly/Musalem remarks could materially shift this read
Lower highs from the Asian peak; base forming near 51.96–52.00.
Post-Fed slide intact. The 54.368 Asian high capped the day, then London and NY printed lower highs at 53.073 and the 52.755 lower high as the GDP and claims beats pushed silver to a 51.961 day low. The late-NY bounce stalled at the 52.367 bounce high, near the 50% retracement and the falling trendline, and price is back below EMA20 into the session close.
Support: 52.087, 51.961
Resistance: 52.367, 52.60, 52.755
What it said to watch
M15 close above the 52.367 bounce high breaks the lower-high chain and opens the 52.60 range floor retest
Failure to hold the 52.087 micro low exposes the 51.961 day low; a break there extends the lower-low sequence
Reclaiming the 52.755 lower high would invalidate the falling trendline read
ECI Fri 12:30 GMT, with Daly and Musalem later, could materially shift this read
21:07 UTC
Downtrend, basing near 52.00 · RSI 45 · price 52.151
Lower highs and lower lows since Asia; late-NY base 51.96–52.37.
Lower highs since Asia's 54.37 peak. The hot Q3 GDP and claims mix extended the slide through the 52.60 range floor. Price reached a 51.96 session low during NY hours. The late-NY bounce stalled at the 52.37 bounce high, the 50% of the ny leg fib, and the lower highs line, with price back below EMA20 just above psych 52.
Support: 52.00, 51.961
Resistance: 52.367, 52.60, 52.755
What it said to watch
Close below the 51.96 session low resumes the lower-low sequence
Holding psych 52.00 keeps the late-NY base intact
Break of the 52.37 bounce high and lower highs line opens the 52.60 range floor, then the 52.755 ny high
Fri ECI (12:30 GMT, f/c 0.8%) and Daly/Musalem remarks could materially shift this read
20:48 UTC
Downtrend, basing near 52.00 · RSI 46 · price 52.179
Lower highs since London; late-NY bounce capped at the 50% retrace.
Silver broke below the Asian range in London on rate-hike pricing. It slid under the 52.00 psych level after the 12:30 GMT data (GDP beat, low claims), then based at the 51.961 day low during NY hours. The late-NY bounce stalled at 52.367, a 50% retrace of the NY swing, leaving the lower-highs line intact with RSI(14) neutral near 46 heading into the NY close.
Support: 52.00, 51.961
Resistance: 52.367, 52.60, 52.755
What it said to watch
M15 close above the 52.367 swing high breaks the lower-highs line; the 52.60 range floor and 52.755 NY high sit above
Loss of the 51.961 day low extends the sequence below 52.00 psych
Fri ECI 12:30 GMT (f/c 0.8%), then Daly and Musalem, could materially shift this read
Lower highs from the London high; base at 51.96 with a minor push above the descending trendline.
Silver bled through Asia and London, then broke the 52.60 range floor after Thursday's Q3 GDP beat kept December Fed hike bets intact. It printed a 51.96 session low into late NY. The bounce from that base stalled at the 52.37 bounce high, the 50% fib of the 52.75 lower high-to-low leg, while price edges above the descending trendline from the London high with RSI(14) neutral near 49.
Support: 52.24, 51.96
Resistance: 52.37, 52.60, 52.75
What it said to watch
A close above the 52.37 bounce high and EMA50 near 52.42 breaks the lower-high chain and opens a retest of the 52.60 range floor
A drop back under the descending trendline and ema20 at 52.24 restores the lower-high structure
Failure to hold the 51.96 session low confirms a fresh lower-low in the downtrend
Fri ECI 12:30 GMT (f/c 0.8%) and Daly/Musalem remarks could materially shift this read
Silver has made lower highs all day from the 54.368 Asia spike. The hot Q3 GDP and jobless claims prints at 12:30 GMT extended the slide, and NY hours set a 51.961 session low. A late-NY bounce stalled at 52.367, the 50% retrace of the 52.755–51.961 leg, which also lines up with the descending trendline. Price is now holding a higher low at 52.088 in thin pre-close trade, just under EMA20.
Support: 52.088, 51.961
Resistance: 52.367, 52.60, 52.755
What it said to watch
A close back above 52.367 (50% retrace and descending trendline) breaks the lower-high chain and brings the 52.60 range floor into play.
Loss of the 52.088 higher low reopens the 51.961 session low. A break below it extends the downtrend.
A close above the 52.755 lower high invalidates the intraday downtrend read.
The Employment Cost Index (Fri 12:30 GMT) and Fed speakers Daly and Musalem (Fri 16:00–16:30 GMT) could materially shift this read.
20:04 UTC
Downtrend, late-NY bounce · RSI 49 · price 52.335
Lower highs from 53.07; double low near 51.96–51.99 below the London low.
The 12:30 GMT Q3 GDP beat and claims print pushed silver through the 52.33 London low to 51.99. NY found demand twice at 51.96–51.99 (session low). Late NY is now retesting the broken London low, which lines up with the 50% fib of the ny high–low leg at 52.36 and the descending lower-high line; RSI is neutral near 49.
Support: 52.264, 51.961
Resistance: 52.35, 52.518, 52.755
What it said to watch
M15 close above the 52.52 lower high breaks the lower-high chain and exposes the 52.76 ny high
Rejection at the london low (52.35) and loss of 52.26 (38.2% fib) puts the 51.96 session low back in play
Acceptance below 51.96 confirms a fresh lower low under the double-low area
Fri ECI at 12:30 GMT and Daly/Musalem later could materially shift this read
19:33 UTC
Downtrend, basing near lows late NY · RSI 40 · price 52.171
Lower highs since London; tight base 51.96–52.18.
Silver broke below the Asian range during London, and the post-data NY dip after the 12:30 GMT GDP beat and lower claims pushed it to a session low at 51.961. Lower highs have stepped down from 53.073 to the 52.755 NY high and then the 52.518 lower high. Late NY, price is basing just above the 52.00 round number with RSI(14) near 40, while the lower-highs line and the 52.29 breakdown level, near the fib 38.2% at 52.26, sit overhead.
Support: 52.00, 51.961
Resistance: 52.29, 52.518, 52.755
What it said to watch
M15 close above the 52.29 breakdown and the lower-highs line would end the run of lower highs
Reclaiming the 52.518 lower high exposes the 52.755 NY high
Loss of the 52.00 round number and a break of the 51.961 session low extends the downtrend
Fri ECI 12:30 GMT and Daly/Musalem remarks could materially shift this read
19:17 UTC
Downtrend, compressing near lows · RSI 33 · price 51.997
Lower highs and lower lows since 54.37 Asia high, tight late-NY base.
London broke the Asian low at 52.59. NY extended the slide to a 51.961 session low after the Q3 GDP beat and lower jobless claims kept Fed hike bets intact. The 52.755 swing high capped the only bounce, and price has compressed in a 51.96–52.13 base after London close, below both EMAs and the falling trendline.
Support: 51.961, 51.50
Resistance: 52.126, 52.518, 52.755
What it said to watch
M15 close above the 52.13 base top ends the late-NY compression
Reclaim of the 52.52 lower high, which sits at the 50% fib, breaks the falling trendline and the lower-high chain
Failure to hold the 51.961 session low extends the lower-low sequence toward 51.50 psych
Fri ECI 12:30 GMT and Daly/Musalem remarks could materially shift this read
Lower highs and lower lows intact; tight late-NY base at 51.96–52.13.
Silver extended its intraday downtrend after the 12:30 UTC data (hot GDP, sub-200K claims) broke 52.33, printing a session low at 51.961 late in the NY session. Price is now compressing in a 51.96–52.13 band around the 52.00 psych handle, with the 52.349 lower high and 52.755 NY high capping a lower-highs sequence; RSI(14) near 32, not yet oversold.
Support: 52.00, 51.961
Resistance: 52.131, 52.349, 52.755
What it said to watch
M15 close above the 52.131 range top ends the late-NY compression; the 52.349 lower high sits at the 50% retrace of the 52.755–51.961 leg
Acceptance below the 51.961 session low and 52.00 psych extends the lower-low chain
A break of the lower-highs trendline from 53.073, and a reclaim of the 52.755 NY high, would invalidate the intraday downtrend read
Fri ECI 12:30 UTC (f/c 0.8%) and Daly/Musalem remarks could materially shift this read
Lower highs since 11:00 UTC; flat lows near 51.96–51.99 being retested.
Silver broke below the 52.60 range floor after the 12:30 UTC US data dump, where hot GDP and sub-200K claims kept December hike bets alive. It tagged 51.988, then bounced to a 52.755 bounce high that marked another lower high. Late NY has ground back to retest the low, printing a 51.961 session low, and price is sitting on the 52.00 round number with RSI(14) near 31.
Support: 52.00, 51.961
Resistance: 52.518, 52.60, 52.755
What it said to watch
M15 close below the 51.961 session low extends the lower-low chain
Close above the 52.518 lower high breaks the descending trendline sequence
Recovery back above the 52.60 range floor would turn the breakdown into a false break
Fri ECI 12:30 UTC (f/c 0.8%) and the Daly/Musalem remarks could materially shift this read
Lower highs at 53.07, the 52.755 swing high and the 52.52 lower high frame the intraday downtrend. NY broke below the London low after the 12:30 UTC GDP beat and the drop in jobless claims, then lost the 52.28–52.29 breakdown shelf at 17:30 UTC. Late NY, price sits on the 51.98 session low, which has now held three times, with RSI(14) near 31 and short of a deep oversold reading.
Support: 51.98
Resistance: 52.29, 52.52, 52.755
What it said to watch
Acceptance below the 51.98 session low extends the lower-low chain
A reclaim of the 52.29 breakdown shelf and the lower-highs trendline (~52.36) would open a bounce toward the 52.52 lower high
An M15 close above the 52.755 swing high breaks the NY lower-high sequence
Fri ECI at 12:30 UTC (f/c 0.8%) and Fed's Daly and Musalem later in the day could materially shift this read
Lower highs from 54.37 Asia high; double test of 51.98 late NY.
London broke below the Asian range low at 52.59, and the hot GDP and claims prints at NY open drove the slide to 51.988. A swing high at 52.755 followed, and the late-NY retest of the session low at 51.983 is holding so far. Price is capped below the 52.28 range floor and the descending trendline, with RSI(14) near 31 on a lower-high chain.
Support: 51.983
Resistance: 52.28, 52.659, 52.755
What it said to watch
M15 close below the 51.983 session low and 52.00 extends the lower-low chain
Reclaim of the 52.28 range floor and the descending trendline would show the session low retest holding
Close above the 52.659 lower high (61.8% fib of 53.073–51.983) breaks the lower-high sequence; 52.755 swing high above
Fri ECI 12:30 GMT and Daly/Musalem speeches could materially shift this read
Lower-high chain; 52.28–52.66 range broken lower late NY, retesting session low.
Silver extended the post-Fed slide after the 12:30 UTC US data (GDP beat, low claims), printing a 51.988 session low before a bounce stalled at 52.755, near the 61.8% of the 53.07–51.99 drop. Mid-NY, the 52.28–52.66 range broke lower at 17:30 UTC and price is back testing the session low, with lower highs capping each rebound and RSI(14) near 35, not yet oversold.
Support: 51.988
Resistance: 52.28, 52.66, 52.755
What it said to watch
A break below the 51.988 session low and 52.00 psych extends the lower-low sequence.
A reclaim of the 52.28 range floor puts price back inside the 52.28–52.66 range and weakens the break.
A close above the lower highs trendline and the 52.755 bounce high would break the intraday lower-high chain.
ECI (12:30 UTC) and Chicago PMI (13:45 UTC) on Fri, then Daly and Musalem, are the next scheduled catalysts that could shift this read.
17:32 UTC
Downtrend, lower highs since NY bounce · RSI 41 · price 52.205
Lower-high sequence off 52.755, pressing below the 52.28 shelf.
The 12:30 UTC US data (GDP beat, low claims) pushed silver through the 52.34 low to a 51.988 session low. The bounce stalled at 52.755 (bounce high), and the late-NY tape has printed lower highs at 52.659 and 52.518 (lower high). Price is now slipping below the 52.28 shelf, which lines up with the 61.8% fib of that bounce, with ATR near 225 pips.
Support: 51.988
Resistance: 52.281, 52.518, 52.755
What it said to watch
Holding below the 61.8% fib at 52.28 keeps a retest of the 51.988 session low in play
An M15 close above the 52.518 lower high breaks the lower-high sequence; 52.755 bounce high caps above
Oil and Middle East headlines in thin late-NY trade could jolt price; next scheduled driver is ECI Fri 12:30 UTC
17:17 UTC
Downtrend, compressing near lows · RSI 46 · price 52.285
Lower-high chain intact, tight range above session low.
The lower-high chain from the post-Fed 54.368 spike remains intact. Resilient US data (GDP beat, low claims) drove a NY-session low at 51.988, and the bounce retraced about 70% of the drop from the London high before stalling at the 52.755 lower high. Since London close, silver has compressed between the 52.28 range floor and the 52.66 range top. Price sits below both EMAs, with RSI(14) neutral near 46.
Support: 52.279, 51.988
Resistance: 52.659, 52.755, 53.073
What it said to watch
M15 close below the 52.28 range floor exposes the 51.988 session low
Acceptance above the 52.66 range top and the 52.755 lower high breaks the lower-high chain, with the 53.073 London high next
Oil / Middle East headlines in thin late-NY trade could break the range
ECI (12:30 UTC Fri) and Chicago PMI (13:45 UTC Fri) are the next scheduled event risk
17:07 UTC
Downtrend, pausing in a tight post-data range · RSI 53 · price 52.444
Lower highs since 52.755 bounce high, base at 52.28 range floor.
Resilient US data (GDP beat, 194K claims) dragged silver from the 53.07 London high to a 51.988 NY low. The bounce stalled at 52.755, about 70% of the move on the London high–NY low fib. Since then price has compressed between a 52.28 range floor and a 52.66 lower high, pinned at EMA20 and below EMA50 midway through the NY session.
Support: 52.28, 51.988
Resistance: 52.66, 52.755, 53.073
What it said to watch
M15 close below the 52.28 range floor exposes the 51.988 NY low
Close above the 52.66 lower high breaks the lower-highs line and brings the 52.755 bounce high back in play
Acceptance above 52.755 clears the 70% fib of the London high–NY low leg and reopens the 53.07 London high
Fri ECI (12:30 UTC), Chicago PMI and Daly/Musalem could materially shift this read
16:47 UTC
Downtrend, compressing after NY low · RSI 48 · price 52.428
Lower highs from London high; tight range 52.28–52.66 above session low.
Post-Fed selling broke the Asian low at 52.591 during London. The 12:30 UTC US data, with a GDP beat and low claims, drove a leg to a 51.988 session low. The rebound saw rejection at the 52.755 bounce high, and price now compresses between the 52.279 intraday low and the fib 61.8 retracement at 52.659 beneath a line of lower highs, RSI(14) neutral near 48.
Support: 52.279, 51.988
Resistance: 52.659, 52.755, 53.073
What it said to watch
M15 close above the fib 61.8 at 52.659 and the lower highs line puts the 52.755 bounce high back in play; acceptance above it exposes the 53.073 london high
Failure to hold the 52.279 intraday low reopens the 51.988 session low
Fri 12:30 UTC Employment Cost Index (f/c 0.8%), then Daly/Musalem, could materially shift this read
Lower highs since Asia; post-low consolidation 52.28–52.76.
Selling after the hawkish Fed hold stretched through London. The resilient 12:30 UTC US data dump (GDP beat, claims 194K) pushed silver to a session low at 51.988, below the 52.34 YTD mark. The rebound stalled at the 52.755 bounce high under the descending lower-high line, and price is now compressing after London close between the 52.28 higher low and the 52.66 lower high, at the 61.8% fib, with RSI(14) near 45.
Support: 52.28, 51.988
Resistance: 52.659, 52.755, 53.073
What it said to watch
M15 close above the 52.755 bounce high, which also clears the lower-high line, breaks the lower-high sequence and opens the 53.07 london high
Failure to hold the 52.28 higher low exposes the 51.99 session low and the 52.00 handle
A close back above the 52.66 lower high (61.8% fib) shifts the read from consolidation to a deeper retracement
US ECI Fri 12:30 UTC, followed by Daly and Musalem, is the next scheduled catalyst; oil and Mideast headlines remain an off-calendar driver in the meantime
Lower highs from the 53.07 London high; tight 52.28–52.66 range after the 51.99 NY low.
Silver slid through the Asian low early in London. It then broke the 52.48 base after the 12:30 UTC US data (GDP beat, claims low), printing a 51.99 session low in the first hour of NY. The rebound stalled at the 52.75 bounce high near the fib 61.8%, and price is now boxed between the 52.28 range low and the 52.66 range high after London close, with RSI(14) neutral near 46.
Support: 52.28, 51.99
Resistance: 52.66, 52.75, 53.07
What it said to watch
M15 close below the 52.28 range low re-exposes the 51.99 session low and the 52.00 handle
Close above the 52.66 range high and the 52.75 bounce high (fib 61.8% zone) reopens the 53.07 london high
Oil / Middle East headlines in thin late-NY trade can break the range before Fri ECI (12:30 UTC) and Daly/Musalem (16:00–16:30 UTC)
15:48 UTC
Downtrend, NY rebound fading · RSI 45 · price 52.42
Lower highs from London high; rebound rejected at broken floor zone.
The 12:30 GMT US data, with the GDP beat and in-line core PCE, extended the London selloff to a 51.988 session low at the NY open. The bounce retested the 52.60-52.67 broken floor and stalled at the 52.755 rebound high, a lower high under the 53.073 London high. Price is now drifting at 52.42, just above the 52.40 minor low, with ATR near 290 pips.
Support: 52.40, 51.988
Resistance: 52.63, 52.755, 53.073
What it said to watch
A close back above the 52.63 broken floor and the 52.755 rebound high breaks the lower-high sequence
Failure to hold the 52.40 minor low exposes the 51.988 session low
A break of the lower-highs trendline from the 53.073 London high would change the downtrend read
Fri ECI 12:30 GMT, then Daly/Musalem, are the next scheduled risks to this read
Lower highs and lower lows; bounce from 51.988 capped at 52.755.
Selling after the US data (GDP beat, 194K claims) extended the lower-high chain from the 53.073 London high to a 51.988 session low in the first hour of NY. The bounce saw rejection at 52.755, just above the 52.60-52.67 broken floor, and price is now holding a 52.40 higher low at the 50% retrace near 52.52.
Support: 52.396, 51.988
Resistance: 52.65, 52.755, 53.073
What it said to watch
Loss of the 52.40 higher low reopens the 51.988 session low
M15 close above the 52.755 bounce high, back over the broken floor, breaks the lower-highs trendline and exposes the 53.073 London high
Fri ECI (12:30 UTC) and Daly/Musalem remarks could materially shift this read
15:17 UTC
Downtrend, NY bounce fading · RSI 47 · price 52.437
Lower highs and lower lows since Asia; bounce capped under the lower highs trendline.
Firm US GDP and claims kept silver offered into the NY session. Price broke the london low at 52.331 and the 52.60–52.67 broken floor, then printed a session low at 51.988. The bounce stalled at 52.755 (bounce high), retracing ~70% of the 53.073–51.988 leg, and was rejected at the broken floor under the lower highs trendline. Price is now fading toward the fib 38.2 at 52.40.
Support: 52.402, 52.331, 51.988
Resistance: 52.65, 52.755, 53.073
What it said to watch
M15 close back above the 52.755 bounce high and the lower highs trendline breaks the intraday lower-high chain, with the london high at 53.073 next
Failure to hold the fib 38.2 and the london low at 52.331 points to a retest of the 51.988 session low
Acceptance below the 51.988 session low extends the lower-low sequence
Fri ECI (12:30 GMT) and Daly/Musalem remarks are the next scheduled catalysts that could shift this read
14:48 UTC
Downtrend, NY rebound in progress · RSI 48 · price 52.725
Silver set a fresh low at 51.988 in the first hour of NY after the GDP beat and low claims print. It has since rebounded ~740 pips back above the broken 52.60–52.67 prior floor and the 61.8% fib, and is now pressing the ema50 near 52.81 with RSI(14) back to 48. The London high at 53.07 still caps the intraday lower-high sequence.
Support: 52.60, 52.477, 51.988
Resistance: 52.81, 53.073
What it said to watch
M15 close back below the 52.60 prior floor returns focus to the 52.477 London low and the 51.988 session low
Acceptance above the 52.81 ema50 opens the path to the 53.07 London high; a break there ends the intraday lower-high chain
Daly and Musalem Fedspeak, then Fri ECI at 12:30 GMT (f/c 0.8%), could materially shift this read
14:33 UTC
Downtrend, early-NY rebound off the lows · RSI 40 · price 52.47
Lower highs from 53.07; NY sweep below 52.00, bounce stalling at 50% fib.
Silver extended the post-Fed slide after the mixed 12:30 UTC US data and a hawkish-hold backdrop. The pair broke the 52.60 range floor and swept to a 51.99 session low early in NY. The bounce printed a 52.15 higher low but the bounce high at 52.55 sits at the 50% fib of the 53.07–51.99 leg, below the 52.60 range floor and the 52.72 pre-data high.
Support: 52.15, 51.99
Resistance: 52.55, 52.60, 52.72
What it said to watch
M15 close back above the 52.60 range floor flags a failed breakdown and puts the 52.72 pre-data high in play
Loss of the 52.15 higher low, then the 51.99 session low, resumes the lower-low sequence
Rejection at the 52.55 bounce high / 50% fib keeps the lower-high chain intact
No scheduled US data in the next 8h; Fri ECI 12:30 UTC and Daly/Musalem are the next catalysts
LH/LL chain since the 53.073 London high; fresh session low below 52.00 at the NY open.
Silver extended the post-FOMC slide after the 12:30 UTC US data, breaking the 52.33 ytd low and the 52.60 range floor before printing a 51.988 session low in the first hour of NY. Lower highs at 52.607 and 52.451 sit on the descending trendline, and the 14:00 UTC bounce stalled near the 38.2% fib of the 53.073–51.988 leg. RSI(14) is near 33, soft but not oversold.
Support: 51.988
Resistance: 52.331, 52.451, 52.60
What it said to watch
A close back above the 52.33 ytd low and the 52.451 swing high would break the trendline and point to a failed breakdown
A reclaim of the 52.60 range floor (61.8% fib zone) invalidates the lower-high sequence
A break below the 51.988 session low extends the lower-low chain under the 52.00 psych handle
Fed speakers and Friday's ECI could shift December-hike pricing and this read
13:47 UTC
Downtrend, fresh lows into NY · RSI 35 · price 52.093
Lower highs and lower lows; prior YTD low broken.
Silver extended the London slide in the first hour of NY, breaking the former YTD low at 52.33 to a 52.031 session low. The 12:30 UTC US data, including the GDP price index miss, produced no lasting bounce, as the hawkish-Fed read kept the descending trendline of lower highs from the 53.073 London high intact. RSI(14) near 35 is not yet oversold.
Support: 52.031, 52.00
Resistance: 52.331, 52.607, 53.073
What it said to watch
Close back above 52.33 (prior ytd low) would flag a false break of the low
Reclaim of the 52.60 range floor, where the 13:15 UTC lower high sits, breaks the lower-high trendline read
50% retrace of the London high to session low leg sits near 52.55
Failure to hold the 52.031 session low and 52.00 round number confirms another lower low
US ECI Fri 12:30 UTC (f/c 0.8%) could materially shift this read
Lower-high/lower-low chain from 53.07 London high, fresh session low.
Early NY session extends the slide from the 53.07 London high, with descending highs at 52.72 and 52.61 capping each bounce. The 12:30 UTC US data, including the soft GDP deflator, gave no lasting lift, and price printed a new session low at 52.223, below the 52.34 YTD low and the 52.60 range floor. RSI(14) near 36 is soft but not stretched.
Support: 52.223, 52.00
Resistance: 52.60, 52.72, 53.073
What it said to watch
M15 close back above the 52.60 range floor would flag a false break of the yearly floor
Close above the 52.72 lower high breaks the descending-highs chain and exposes the 53.07 London high
Failure to hold the 52.223 session low extends the lower-low sequence toward the 52.00 round number
ECB decision and Lagarde press conference during NY hours could move USD and shift this read
Lower highs and lower lows below the broken Asian low, early-NY bounce off the PCE low.
Silver broke below the 52.591 Asian low during London, then made a fresh session low at the 52.237 PCE low as in-line core PCE and a GDP beat kept the USD firm. Lower highs from the 53.073 London high are still intact. The early-NY bounce is holding below the old Asian low, with RSI(14) near 44 and ATR around 225 pips.
Support: 52.237, 52.00
Resistance: 52.591, 52.719, 53.073
What it said to watch
A close back above the 52.591 Asian low and the lower-highs line would shift the read toward a retrace of the 53.07–52.24 leg
Failure at the 52.237 PCE low extends the lower-low chain toward the 52.00 round number
The lower high at 52.719 caps the recovery; a reclaim of the 53.073 London high breaks the intraday downtrend structure
ECB/Lagarde today and Fri ECI 12:30 UTC plus Daly/Musalem could materially shift this read via the USD
13:06 UTC
Downtrend, fresh lows into NY open · RSI 41 · price 52.397
Lower highs and lower lows below the broken Asian range.
Silver broke the 52.59 Asian low during London. The late-London bounce stalled at the 53.07 swing high and extended the lower-highs line from 53.51. After the 12:30 GMT PCE/GDP release, price printed a fresh session low at 52.30 in early NY. The 52.72 lower high now caps, and RSI(14) near 41 is soft but not oversold, consistent with the hawkish-Fed and firm-USD backdrop in the digest.
Support: 52.299, 52.00
Resistance: 52.591, 52.719, 53.073
What it said to watch
M15 close back above the 52.59 Asian low would turn the break into a false break
Close above the 52.72 lower high breaks the micro lower-high chain
Failure to hold the 52.30 session low leaves the 52.00 round number as the next reference
Lower-highs trendline from 53.51 through the 53.07 swing high caps the structure while intact
PCE/GDP actuals not yet in the feed; a soft print could drive a squeeze back toward 53.07
Lower highs and lows, bounce stalling near 50% fib.
Silver has printed lower highs since the post-Fed spike to 54.605, with Asia breaking to a fresh 11-month low and London undercutting the 52.477 london lows to a 52.331 session low. The bounce stalled at 52.719, the bounce high near the 50% fib of the 53.073 london high leg. Price sits back under the broken 52.60 ytd low zone, and the 12:30 GMT PCE/GDP bar spanned only about 26 cents.
Support: 52.477, 52.331
Resistance: 52.60, 52.719, 53.073
What it said to watch
PCE/GDP actuals are not yet confirmed; the NY open reaction could materially shift this read
M15 close below the 52.331 session low extends the lower-low chain
Close back above the 52.60 ytd low and the 52.719 bounce high reopens the 61.8% fib near 52.79
Close above the 53.073 london high breaks the lower-high trendline structure
Friday ECI at 12:30 GMT is next scheduled USD risk
Lower highs from 53.505; false break below 52.477 double low.
Silver extended the post-Fed, AI-risk slide through the 52.67 old YTD low in London. The 52.477 double low gave way at 11:45 UTC to a 52.331 day low, then was reclaimed within one bar, a possible false break. Price is now testing 52.67 from below and sits at the 38.2% pullback fib off the 53.073 London high, with RSI(14) near 45 and both EMAs overhead.
Support: 52.477, 52.331
Resistance: 52.67, 53.073
What it said to watch
US core PCE and Q3 GDP at 12:30 UTC could materially shift this read; release-bar ranges are likely to run well beyond the ~205-pip ATR
An M15 close back below the 52.477 double low cancels the false break and reopens the 52.331 day low
Acceptance above the 52.67 old YTD low and the lower highs trendline opens the path to the 53.073 London high
Lower highs from 53.505; sweep below double low, reclaimed.
Silver extended the post-Fed slide on AI-capex risk-off, breaking the 52.67 old ytd low, and late London undercut the 52.477 double low with a sweep to a 52.331 session low. That sweep was reclaimed within a bar, and price is now pressing back into the old ytd low under a still-capped London session high of 53.073.
Support: 52.477, 52.331
Resistance: 52.67, 52.918, 53.073
What it said to watch
Core PCE/GDP at 12:30 GMT is minutes away and could materially shift this read; ATR ~205 pips
Failure to hold the 52.477 double low reopens the 52.331 session low; a close below it extends the lower-low sequence
Acceptance above the 52.67 old ytd low and the fib 50% of the 53.505 drop at 52.918 puts the 53.073 session high back in play
London floor at 52.48 broken, fresh session low ahead of US data.
Silver's late-London bounce stalled at the 53.07 London high. The slide that followed broke the twice-tested 52.48 lows (now the broken low) and printed a 52.331 session low. The lower-highs sequence from 53.50 stays intact as AI-capex risk-off and post-Fed hike pricing weigh, with the 52.60–52.67 prior ytd low overhead.
Support: 52.331, 52.00
Resistance: 52.477, 52.65, 53.073
What it said to watch
M15 close back above the 52.48 broken low would turn the break into a false break
Failure to hold the 52.33 session low exposes the 52.00 round number
US core PCE / Q3 GDP at 12:30 GMT could materially shift this read
Recovery above the 53.07 London high breaks the lower-highs trendline
London bounce from 52.48 rejected at 53.07, price back at Asian low.
Late London: the bounce from the 52.48 session low, tested twice in the 08:45 and 09:45 UTC bars, was rejected at the 53.07 session high. Price has slipped back below the 52.67 old YTD low to the 52.59 Asian low, keeping the post-Fed lower-highs sequence from 54.37 intact. Hawkish Fed-hold flows and AI-capex risk-off remain the backdrop.
Support: 52.591, 52.477
Resistance: 52.67, 53.073
What it said to watch
US Core PCE, Q3 GDP and jobless claims at 12:30 GMT could materially shift this read
Failure to hold the 52.48 session low extends the lower-low chain
Recovery back above the 52.67 old ytd low, then 53.00 round number, challenges the downtrend read
M15 close above the 53.07 session high breaks the lower-highs trendline
After the hawkish Fed hold and AI-capex risk-off pushed silver through the old ytd low, London tested the 52.477 london low twice and bounced. The rebound stalled at the 53.073 london high, inside the 50–61.8% retrace of the 53.505 lower high to 52.477 drop. That poke above 53.00 failed, and price is back under the ema20 near 52.84 with RSI(14) at 45.
Support: 52.67, 52.477
Resistance: 52.84, 53.073, 53.505
What it said to watch
US Core PCE, Q3 GDP and claims at 12:30 GMT (~1h) could materially shift this read
Failure to hold the 52.67 old ytd low exposes the 52.477 london low; a break there confirms a lower-low
M15 close above the 53.073 london high clears the retrace cap and reopens the 53.505 lower high
Double bottom at 52.477 with higher lows since 09:45 UTC, pressing the London high.
Silver broke the 52.591 Asian low in London as the hawkish Fed hold and AI-capex risk-off extended the slide. A double bottom at 52.477 has since held, and a chain of rising lows has lifted price into the 53.00–53.073 London high, around the 50% fib of the 53.505–52.477 drop, with RSI(14) near 61 late in the London session.
Support: 52.777, 52.591, 52.477
Resistance: 53.073, 53.279, 53.505
What it said to watch
M15 close above the 53.073 london high and the 61.8% fib at 53.11 opens the 53.279 prior shelf, then the 53.505 swing high
Break of the rising lows below 52.777 puts the 52.591 asian low and the 52.477 double btm back in focus
US Core PCE, GDP and claims at 12:30 UTC (~74 min) could materially shift this read
11:04 UTC
Downtrend, intraday base forming · RSI 56 · price 52.932
London double bottom at 52.477 under a 53.01 cap.
The post-FOMC Asia spike to 54.37 fully reversed. The drop broke the 52.60 prior low and reached a 52.477 session low, where buyers stepped in twice during London. Price is now pressing the 53.01 London high with RSI(14) near 56, and US GDP/PCE at 12:30 GMT is the next catalyst.
Support: 52.60, 52.477
Resistance: 53.013, 53.28
What it said to watch
Close above the 53.01 London high completes the double bottom and opens the 38.2% drop fib near 53.20 and the 53.28 Asian shelf
Failure back below the 52.60 prior low and the 52.477 session low resumes the lower-low sequence
US GDP/core PCE at 12:30 GMT (~1.5h) could materially shift this read
10:48 UTC
Downtrend, pausing in a London range · RSI 47 · price 52.788
London range 52.48–53.01 below the post-Fed lower highs; double low at 52.477.
Silver slid after the Fed hold, falling from the 54.37 Asia session high to a fresh low. London has since held it in a 52.48–53.01 range. The london low at 52.477 held twice, and price is back above the asian low at 52.59, now pressing a lower high at 52.85 with RSI(14) neutral near 47 and ATR around 200 pips.
Support: 52.591, 52.477
Resistance: 52.85, 53.013, 53.505
What it said to watch
M15 close above the 53.01 range top, near the 50% fib of the drop from the 53.505 swing high, breaks the London range
Rejection at the 52.85 lower high keeps price boxed inside the London range
M15 close below the 52.477 london low extends the lower-low sequence and negates the false break of the asian low
US GDP and core PCE at 12:30 GMT, under 2h away, could materially shift this read
Lower highs since Asia; London range 52.477–53.013 inside the drop.
Post-Fed selling ran through Asia below the prior YTD low. London briefly broke the 52.591 Asian low but met demand at the 52.477 London low twice, and supply has capped bounces under the 53.013 session high. Price is compressing below EMA20 into the US data, RSI(14) neutral near 42.
Support: 52.591, 52.477
Resistance: 53.013, 53.505
What it said to watch
US GDP/core PCE at 12:30 GMT (~2h) could materially shift this read
M15 close below the 52.477 london low extends the lower-low sequence
Close above the descending trendline and the 53.013 session high breaks the lower-high chain; 53.505 swing high next
Hold back above the 52.591 asian low keeps the London false break intact
Lower highs from 54.368; London range 52.477–53.013.
Silver extended the post-Fed slide to a fresh 11-month low. London twice dipped through the asian low to 52.477 but did not close below 52.591. Price is now holding a 52.48–53.01 London range just above the 52.67 ytd low, capped by the london high at the 50% retrace, with RSI(14) neutral near 43.
Support: 52.67, 52.591, 52.477
Resistance: 53.013, 53.505
What it said to watch
US GDP/core PCE at 12:30 GMT (~2h, early NY session) could materially shift this read; event range likely exceeds the ~205-pip ATR
M15 close below the 52.477 session low resumes the lower-low sequence
M15 close above the 53.01 london high (50% fib) breaks the range top, exposing the 53.505 swing high
Closes back under the 52.67 ytd low and 52.591 asian low would undo the false break below the Asian range
10:04 UTC
Downtrend, compressing near lows · RSI 38 · price 52.684
Lower highs from 53.505; London range 52.477–53.013.
The post-Fed slide carried silver through the asian low at 52.591 to a london low at 52.477, which held twice during the London session. Price is back near the old 52.67 YTD low, with RSI(14) at 38. Lower highs from the 53.505 swing high cap rebounds, and the london high at 53.013 (near the 50% fib) marks the top of the intraday range.
Support: 52.591, 52.477
Resistance: 53.013, 53.505
What it said to watch
US GDP/PCE at 12:30 UTC (~2.5h) could materially shift this read
M15 close below the 52.477 london low extends the lower-low sequence
Close back above the 53.013 london high and the lower highs trendline breaks the range read; 53.505 swing high above
Failure to hold the 52.591 asian low returns price to the base of the range
09:48 UTC
Downtrend, London stalling near lows · RSI 42 · price 52.567
Lower highs from 54.37, London range 52.48–53.01 below the Asian low.
Post-Fed selling carried silver from the 54.37 Asian high through the Asian low at 52.59 and the 52.67 YTD low. London tagged 52.48 and has since been capped twice at the 53.01 London high, and price is sitting back under the Asian low with RSI(14) near 42.
Support: 52.477, 52.00
Resistance: 52.591, 52.67, 53.01
What it said to watch
M15 close back above 52.67 ytd low and the 52.59 asian low reclaims the broken range
Close above the 53.01 london high breaks the lower-highs line from 53.50
Failure to hold the 52.48 london low extends the lower-low chain toward the 52.00 round number
US Core PCE and Q3 GDP at 12:30 UTC (~2h45) could materially shift this read
09:32 UTC
Downtrend, lower highs since Asia peak · RSI 42 · price 52.616
Lower highs and lower lows; London range 52.477–53.013 under the YTD low.
Silver is extending its post-Fed slide with lower highs from the 54.368 Asia peak. London has traded 52.477–53.013, briefly undercutting the Asian low at 52.591, and price is holding below the 52.67 YTD low. Supply capped twice near the 53.01 London high, and RSI(14) sits mid-range near 42 ahead of the 12:30 UTC PCE/GDP data.
Support: 52.591, 52.477
Resistance: 52.67, 53.013
What it said to watch
Failure to hold the 52.591 Asian low and the 52.477 session low extends the lower-low sequence
M15 close back above the 52.67 YTD low and the 53.01 London high breaks the lower-high chain, opening the fib 38.2% near 53.20
US Core PCE and Q3 GDP at 12:30 UTC (~3h) could materially shift this read
Lower highs from 53.50; London range 52.48–53.01 after false break below Asian low.
Asia unwound the post-Fed spike from 54.37. London then dipped to 52.48, below the 52.59 asian low, before recovering. Price now sits at 52.71 on the ytd low, inside a 52.48–53.01 London range where the london high has capped twice. RSI(14) is neutral near 43, price is below both EMAs, and the move into Core PCE/GDP is tightening.
Support: 52.67, 52.591, 52.477
Resistance: 53.01, 53.20, 53.505
What it said to watch
M15 close above the 53.01 london high breaks the lower-highs line and opens the fib 38.2 near 53.20
Asia swing at 53.50 caps the broader lower-highs sequence
Failure to hold 52.48 london low extends the lower-low chain beyond the asian low and ytd low
US Core PCE and Q3 GDP at 12:30 UTC (~3h) could materially shift this read
09:06 UTC
Downtrend, basing near lows · RSI 38 · price 52.763
Lower highs from Asia spike; tight London range at the lows.
Silver has extended the slide after the hawkish-leaning Fed hold and firm USD. It prints lower highs from the 54.37 Asia spike through the 53.505 lower high, and price sits below both EMAs with RSI(14) near 38. Early London is ranging between the 52.477 london low and the 53.013 london high. The latest leg swept under the 52.591 asian low and closed back above it at 52.73.
Support: 52.591, 52.477
Resistance: 53.013, 53.505
What it said to watch
US core PCE / Q3 GDP at 12:30 GMT (~3.5h) could materially shift this read
M15 close back below the 52.591 asian low turns the sweep into a fresh lower low under the 52.477 london low
Close above the 53.013 london high and the lower-highs trendline breaks the sequence, putting 53.505 lower high in play
The Asia spike to 54.368 reversed after the hawkish Fed hold, leaving a lower-high chain as the firm USD pushed silver below the 52.67 YTD low. The London open bounce met rejection at 53.013, near the 50% fib of the 53.505–52.591 leg. Price is back on the 52.591 swing low with RSI(14) at 38, not oversold.
Support: 52.591, 52.50
Resistance: 53.013, 53.505
What it said to watch
M15 close below the 52.591 swing low extends the lower-low sequence toward the 52.50 round number
Close above the 53.013 lower high breaks the lower-highs trendline and points to the 53.505 swing high
US core PCE / Q3 GDP at 12:30 GMT (~4h) could materially shift this read
08:32 UTC
Downtrend, early London bounce · RSI 39 · price 52.942
Lower highs from 53.71, basing above the 52.59 session low.
Asia unwound the post-Fed spike to 54.37 and printed a 52.591 session low, briefly undercutting the 52.67 YTD low. Early London is bouncing off twin lows near 52.64 and stalling at the 38.2% fib (52.94), just under the 53.01 London high and EMA20. RSI(14) is near 39, recovering from oversold.
Support: 52.64, 52.591
Resistance: 53.013, 53.505
What it said to watch
M15 close above the 53.01 London high and the lower-highs line near 53.07 breaks the intraday lower-high chain, with the 53.505 swing high next
Failure at 52.64 twin lows and the 52.591 session low resumes the downtrend below the YTD low
US core PCE and Q3 GDP at 12:30 GMT (~4h) could materially shift this read
08:17 UTC
Downtrend, basing near lows · RSI 40 · price 52.855
Lower highs since the 54.37 spike; tight base above the 52.59 session low.
Asia unwound the post-FOMC spike, selling from 54.37 to a 52.59 session low below the 52.67 YTD low as the hawkish Fed hold kept silver offered. London has held the 52.64 london low twice, but the 53.01 london high stalled between the 38.2% and 50% retracement and the lower-highs line is still intact.
Support: 52.64, 52.591
Resistance: 53.013, 53.505
What it said to watch
M15 close below the 52.59 session low extends the lower-low chain
A break of the 53.01 london high and the lower-highs line puts the 53.50 swing high in view
US core PCE / Q3 GDP at 12:30 GMT could materially shift this read
08:05 UTC
Downtrend, stalling at lows · RSI 35 · price 52.727
Lower highs from 53.505; tight base 52.59–52.97 at the ytd low.
Silver was offered through the whole Asian session after the hawkish Fed hold, falling from the 54.37 spike high through the prior-day low near 53.30 and the 53.00 handle to a 52.591 session low below the 52.67 ytd low. London opens with price coiling between that low and the 52.966 swing high, which stalled near the 38.2% retrace of the drop from the 53.505 lower high. RSI(14) is near 35 and the lower-high trendline is still intact.
Support: 52.67, 52.591
Resistance: 52.966, 53.505
What it said to watch
M15 close below the 52.591 session low extends the lower-low sequence under the ytd low
M15 close above the 52.966 swing high breaks the lower-high trendline and puts the 53.505 lower high back in view
US core PCE and Q3 GDP at 12:30 GMT (~4.5h) could materially shift this read
07:48 UTC
Downtrend, pausing near lows · RSI 38 · price 52.781
Lower highs through Asia; marginal sweep of 52.67 then tight base.
Asia unwound the post-Fed spike to 54.368 in a lower-high sequence, with silver offered after the hawkish-tilt hold. The 05:45 UTC flush dipped through the 52.67 ytd low to a 52.591 session low, and price is now basing near 52.78 under the 52.966 swing high, which lines up with the lower-highs trendline. RSI(14) sits near 38 ahead of London open.
Support: 52.67, 52.591
Resistance: 52.966, 53.00, 53.505
What it said to watch
M15 close above the 52.966 swing high and the lower-highs trendline breaks the intraday down-sequence, with the 53.00 round number next
53.505 lower high remains the cap on the Asian decline structure
Failure to hold the 52.67 ytd low reopens the 52.591 session low
US core PCE and Q3 GDP at 12:30 UTC could materially shift this read
LH/LL chain from the post-Fed high; early-Europe bounce capped below 53.00.
Silver stayed offered after the hawkish-tilt Fed hold. The 53.00–53.50 Asian consolidation broke lower, and price ran through the 52.67 prior low to a 52.591 session low. The early-Europe bounce stalled at 52.966, near the 38.2% retracement of the swing-high-to-session-low leg, which keeps the lower-highs sequence intact. RSI(14) sits near 37, soft but not oversold.
Support: 52.67, 52.591
Resistance: 52.966, 53.00, 53.505
What it said to watch
US core PCE / Q3 GDP at 12:30 UTC (~5h) could materially shift this read
M15 close above the 52.966 bounce high and the lower-highs line breaks the LH chain
53.00 round number, the broken Asian floor, is the next area to watch for rejection or acceptance
Failure to hold the 52.591 session low extends the lower-low sequence
Recovery above the 53.505 swing high would neutralise the downtrend structure
Lower highs from 54.368, lower lows to 52.591; early London bounce.
Asia extended the post-FOMC slide in a lower-high chain from 54.368. It swept the 52.67 YTD low to a 52.591 session low before an early London bounce stalled at the 52.966 bounce high, near the 38.2% drop retrace. RSI(14) ~39, price below both EMAs, with the 52.987 broken low and 53.00 just overhead.
Support: 52.67, 52.591
Resistance: 52.966, 52.987, 53.505
What it said to watch
Close back above the 52.987 broken low / 53.00 round number reclaims the Asia breakdown
Rejection at the 52.966 bounce high and a break of the 52.591 session low extends the lower-low chain below the 52.67 YTD low
Break above the 53.505 lower high and the lower highs trendline invalidates the intraday downtrend read
US core PCE and Q3 GDP at 12:30 UTC (~5h) could materially shift this read
LH/LL chain through Asia, price parked at YTD low.
Asia extended the post-Fed slide with lower highs at 54.368 and 53.505. Price broke the 52.987 prior low and probed under the 52.67 YTD low to a 52.591 session low ahead of London open, holding below both EMAs as the dollar stayed firm after the hawkish-tilt hold. RSI(14) near 35, not oversold.
Support: 52.67, 52.591, 52.50
Resistance: 52.987, 53.27, 53.505
What it said to watch
Close back above the 52.987 prior low would mark the YTD-low break as a false break
Acceptance below the 52.591 session low extends the lower-low chain toward the 52.50 round number
Rejection at the 53.505 lower high and descending trendline keeps the sequence intact; fib 38.2 at 53.27 is the first retracement test
US core PCE and Q3 GDP at 12:30 GMT (~6h) could materially shift this read
Lower highs and lower lows through Asia; 52.67 ytd low broken.
The Asia sell-off reversed the early spike to 54.368 and printed a clean chain of lower highs, capped last at 53.505. The 52.987 broken low and the 52.67 ytd low both gave way into the late-Asia session low at 52.591, with RSI(14) near 29 and the hawkish-hold Fed keeping silver offered.
Support: 52.591, 52.50
Resistance: 52.67, 52.987, 53.505
What it said to watch
M15 close back above the 52.67 ytd low would flag a false break
Failure to hold the 52.50 round number extends the lower-low chain
M15 close above the 53.505 lower high invalidates the descending lower highs
London open in ~1.5h could test the session low
US Core PCE and GDP at 12:30 UTC could materially shift this read
06:17 UTC
Downtrend, lower highs through Asia · RSI 25 · price 52.711
LH/LL chain since the 54.368 Asian high, trading at the session low.
The Asian selloff from 54.368 after the hawkish Fed hold printed a lower high at 53.505 and a fresh session low at 52.635, just under the 52.67 YTD low. Price is sitting at the bottom of the Asian range ahead of London open, with RSI(14) near 25 and both EMAs overhead.
Support: 52.635, 52.50
Resistance: 53.00, 53.505
What it said to watch
Close back above the 53.00 prior low would mark the YTD-low break as a false break
Acceptance below the 52.635 session low exposes the 52.50 round number
Close above the 53.505 lower high breaks the descending trendline and the LH/LL sequence
US Core PCE and Q3 GDP at 12:30 UTC (~6h) could materially shift this read
06:05 UTC
Downtrend, lower highs through Asia · RSI 34 · price 52.881
LH/LL chain from 54.368; Asian 52.99–53.50 range broken lower.
Silver is still offered after the hawkish Fed hold. Through the Asia session it printed lower highs from 54.368, and the late-Asia bar broke the 53.00 round number and 52.987 to a 52.734 session low, just above the 52.67 ytd low. RSI(14) near 34 is not yet oversold, and the 53.505 lower high sits near the 50% of the asia leg fib.
Support: 52.734, 52.67
Resistance: 53.00, 53.505
What it said to watch
Failure to reclaim the 53.00 round number keeps the lower-high sequence intact
Break of the 52.734 session low exposes the 52.67 ytd low
Close above the 53.505 lower high breaks the lower highs trendline and neutralises the Asia downtrend read
US Core PCE/GDP at 12:30 UTC (~6.5h) could materially shift this read
Lower highs 54.368 → 53.705 → 53.505, price rotating back to the 52.99 low.
Silver spiked to a 54.368 session high early in the Asia session, then gave all of it back on the hawkish-leaning Fed hold, sliding to a 52.987 session low. The bounce stalled at a 53.505 lower high, right at the 38.2% fib, and price is back near 53.12 into London open with RSI(14) at 39, below EMA20 and EMA50.
Support: 52.987, 52.67
Resistance: 53.505, 53.705, 54.368
What it said to watch
A break of the 52.987 session low, just under the 53.00 round number, confirms a lower-low and puts the 52.67 ytd low in focus
An M15 close above the 53.505 lower high and 38.2% fib breaks the lower-high chain, with the 53.705 swing high next above
A recovery through the 54.368 session high would void the downtrend read
US Core PCE and Q3 GDP at 12:30 UTC (~7h) could materially shift this read
Lower highs from 54.368 Asia high; tight 53.12–53.50 base after 52.987 low.
After the hawkish-leaning Fed hold, the early Asia session spike to the 54.368 Asia high reversed into a lower-high sequence. Price then slid to a 52.987 session low. Late in the Asian range, the bounce off the 53.12 range base met rejection at the 53.505 swing high, near the 38.2% fib, and price is back under both EMAs with RSI(14) near 40.
Support: 53.12, 52.987, 52.67
Resistance: 53.505, 53.705, 54.368
What it said to watch
M15 close above the 53.505 swing high / 38.2% fib breaks the lower-high chain and opens the 53.705 lower high
Failure to hold the 53.12 range base exposes the session low at 52.987 and the 52.67 ytd low cited in the news
US core PCE and Q3 GDP at 12:30 UTC (~7h) could materially shift this read
05:17 UTC
Downtrend, basing after Asia flush · RSI 38 · price 53.378
Lower highs from 54.368; tight base above 53.11 after 52.987 session low.
The Asia session rejected the early spike to 54.368 and sold through the post-Fed 53.296 low to a 52.987 session low, consistent with the hawkish-hold read. Price has since based above the 53.112 base low. The bounce high at 53.473 stalled below the 38.2% fib (53.515) and EMA20, with RSI(14) near 38.
Support: 53.112, 52.987
Resistance: 53.473, 53.705
What it said to watch
M15 close above the 53.473 bounce high and 38.2% fib opens the 53.705 lower high; a break there invalidates the lower-high sequence
Failure to hold the 53.112 base low reopens the 52.987 session low
US core PCE / Q3 GDP at 12:30 UTC could materially shift this read; London open precedes it
Lower highs and lower lows through Asia; tight base after the 52.99 low.
After the Fed hold whipsawed silver between 53.30 and 54.61 in NY hours, the Asia drop stepped lower highs from 54.37 to a 52.99 session low as the hawkish-tilt hold kept USD firm. Late in the Asia session, price is basing in a tight 53.11–53.31 band and pressing the fib 23.6, with RSI(14) near 39 and price below both EMAs.
Support: 53.11, 52.99, 52.67
Resistance: 53.31, 53.52, 53.70
What it said to watch
M15 close above the fib 23.6 at 53.31 opens the fib 38.2 near 53.52, with the 53.70 lower high capping the bounce structure
Failure to hold the 53.11 base and the 52.99 session low resumes the lower-low chain toward the 52.67 ytd low
US GDP and core PCE at 12:30 GMT (~7.5h) could materially shift this read; ATR near 240 pips implies wide bars around the release
Lower highs from 54.37 Asia spike; tight base 53.06–53.28 above 52.99 session low.
Late Asia session: an early spike to 54.37 met rejection and unwound into a lower-high chain. The Asia drop printed a session low at 52.99 and broke the 53.30 prior low, extending the post-Fed slide as the hawkish-tilt hold kept the USD firm. Price is now compressing in a 53.11 Asia base, RSI(14) near 36, with ATR elevated at ~260 pips.
Support: 53.112, 52.987
Resistance: 53.296, 53.515, 53.705
What it said to watch
Loss of the 53.11 Asia base and 52.99 session low extends the lower-low sequence
Reclaim of the 53.30 prior low turns the base into a range, with the 53.52 fib 38.2 and the 53.70 lower high next overhead
London open in ~3h may break the Asian compression
US core PCE/GDP cluster at 12:30 GMT (~8h) could materially shift this read
Lower highs from 54.368; tight 53.11–53.25 band above the 52.987 low.
An early Asia session spike to 54.368 met rejection and fully reversed as the dollar firmed after the hawkish-split Fed hold. The slide cut through the 53.30 prior low to a 52.987 session low. Late in the Asia session, price is now coiling between the 53.11 range low and the 53.25 micro high, below both EMAs with RSI(14) near 38. The 53.70 lower high marks the top of the Asian sell-off leg.
Support: 53.112, 52.987, 52.67
Resistance: 53.245, 53.296, 53.705
What it said to watch
M15 close above the 53.25 micro high and the 53.30 prior low would break the consolidation to the upside
Failure at the 53.11 range low exposes the 52.99 session low, with the 52.67 ytd low as the next reference below
Reclaim of the 53.70 lower high, near the 50% retrace of the Asia sell-off fib, invalidates the intraday downtrend read
US core PCE / Q3 GDP cluster at 12:30 UTC (~8h) could materially shift this read
04:17 UTC
Downtrend, compressing near lows · RSI 41 · price 53.136
Lower highs and lower lows since the 54.368 Asia high; tight range above 52.987.
After the hawkish Fed hold whipsawed silver between 53.296 and 54.605 in NY hours, the early Asia session spike to the 54.368 Asia high faded into a lower-high chain. Price then broke the 53.296 fed low and printed a 52.987 session low. The last four bars have compressed around 53.14, RSI(14) near 41, with price below both EMAs.
Support: 52.987, 52.67
Resistance: 53.296, 53.705, 54.368
What it said to watch
A close back above the 53.296 fed low would mark the break as a false break
A close above the 53.705 lower high, near the 50% fib of the 54.368–52.987 drop, ends the lower-high sequence
Loss of the 52.987 session low extends the lower-low chain toward the 52.67 ytd low
US core PCE and Q3 GDP at 12:30 UTC (~8h) could materially shift this read
04:05 UTC
Downtrend, lower highs through Asia · RSI 40 · price 53.167
LH/LL chain below the broken post-Fed low.
Late Asia session: the 54.37 session high spike was rejected, and the decline has printed successive lower highs at 53.97, 53.705 and 53.245. Price closed below the 53.30 broken low left after the Fed and printed a 52.987 session low. Silver remains heavy after the hawkish Fed hold, with price now coiling just above 53.00 and RSI(14) near 40.
Support: 52.987, 52.67
Resistance: 53.245, 53.30, 53.705
What it said to watch
A close back above the 53.30 broken low, and then the 53.245 minor high, would stall the lower-high chain; the 38.2% Asia drop fib sits near 53.52
A break of the 52.987 session low puts the 52.67 ytd low in focus
A move through the 53.705 lower high and the lower-high trendline invalidates the intraday downtrend read
US core PCE, GDP and claims at 12:30 GMT (~8.5h) could materially shift this read
03:48 UTC
Downtrend, lower highs through Asia · RSI 41 · price 53.217
Lower-high/lower-low sequence from the 54.368 Asia high, basing just under 53.00.
The Asia session spike to the 54.368 Asia high was rejected. Silver has since printed a clean lower-high chain (53.705 lower high, then 53.24) down to a 52.987 session low, slicing through the 53.296 prior low left by the post-Fed whipsaw as the hawkish hold keeps the USD firm. Price is holding just above the 53.00 round number, below EMA20/50, with RSI(14) near 41. That leaves it soft but not stretched, and the Asia leg is unwinding without a meaningful retracement so far.
Support: 52.987, 52.67
Resistance: 53.296, 53.705, 54.368
What it said to watch
Failure to hold the 52.987 session low exposes the 52.67 ytd low
M15 close back above the 53.296 prior low and the lower-highs trendline would break the Asia sequence
Reclaim of the 53.705 lower high (near the 50% of the Asia leg fib) invalidates the downtrend read
US core PCE / Q3 GDP at 12:30 UTC (~9h) could materially shift this read; the session high at 54.368 is the upper bound of the post-Fed range
03:32 UTC
Intraday downtrend, lower highs through Asia · RSI 37 · price 53.098
Lower-high chain from 54.37 spike high; post-Fed low at 53.30 broken.
The early Asia session spike to the 54.37 spike high was fully rejected, and price has since printed a chain of lower highs. It broke under the post-Fed low at 53.30 and set a fresh session low at 52.99, in line with the hawkish Fed-hold read in the digest. RSI(14) sits near 37, soft but not oversold. ATR is roughly 330 pips, so swings remain wide.
Support: 52.987, 52.67
Resistance: 53.296, 53.642, 54.368
What it said to watch
Reclaim of the 53.30 fed low would turn the break into a false break
M15 close above the 53.64 lower high breaks the lower-highs trendline sequence
Failure to hold the 52.99 session low exposes the 52.67 ytd low
US core PCE / Q3 GDP at 12:30 UTC (~9h) could materially shift this read
03:17 UTC
Downtrend, lower highs through Asia · RSI 38 · price 53.20
Post-Fed 53.30–54.60 range broken lower; LH/LL chain.
The post-Fed spike to 54.60 faded as the hawkish-hold read kept USD bid. Asia printed a lower high at 54.37 (asian high), then 53.70, before price broke the 53.30 post-fed low and set a session low at 53.12. Price is now sitting under both EMAs with RSI(14) near 38, not yet oversold, and the 53.00 round number is just below.
Support: 53.12, 53.00
Resistance: 53.30, 53.70, 54.37
What it said to watch
M15 close back above the 53.30 post-fed low turns the break into a false break
Hold below the 53.70 lower high (38.2% fib) keeps the LH/LL chain intact
Loss of the 53.12 session low exposes the 53.00 round number
US core PCE/GDP at 12:30 GMT (~9h) could materially shift this read
Lower highs from 54.605 and 54.368, fresh lower low at 53.123.
Post-FOMC presser whipsaw carried into the Asia session. A spike to the 54.368 Asian high faded into a lower high at 53.97, then price swept below the 53.296 fomc low to a 53.123 session low before rejecting. Price is now capped by the 53.705 minor high, holding just above the 53.432 swing low, below EMA20 and EMA50, with ATR near 320 pips.
Support: 53.432, 53.296, 53.123
Resistance: 53.705, 53.97, 54.368
What it said to watch
Failure to hold the 53.432 swing low exposes the fomc low at 53.296 and the 53.123 session low
A close back above the 53.97 lower high breaks the lower-highs sequence; the 53.705 minor high is the first cap
A break below 53.123 extends the lower-low chain of the Asian swing
Thu 12:30 GMT US core PCE and Q3 GDP could materially shift this read
02:47 UTC
Downtrend, lower highs since the post-FOMC spike · RSI 46 · price 53.472
Lower highs at 54.605 and 54.368; lows at 53.30 swept to 53.123 and reclaimed.
The FOMC presser spike to 54.605 faded, and the Asia session rally to the 54.368 asia high was rejected as USD recovered with oil near $100. The latest bar swept the 53.30 prior low to a 53.123 session low before reclaiming toward 53.47, with price still under the EMAs and capped by the 53.704 minor high.
Support: 53.295, 53.123, 53.00
Resistance: 53.704, 53.96, 54.368
What it said to watch
M15 close below the 53.123 session low extends the lower-low sequence toward the 53.00 round number
Reclaim of the 53.704 minor high and then the 53.96 lower high would ease the downtrend read
Falling resistance trendline from 54.605 caps rebounds unless broken on a close
Thu 12:30 GMT core PCE / Q3 GDP (~10h) could materially shift this read
Lower highs from 54.60 and 54.37, retesting the post-FOMC low.
The Asia session spike to the 54.37 asian high was fully reversed. Successive lower highs at 53.97 and 53.70 have pushed price back onto the 53.29 fomc low, the low set during the Warsh presser, with RSI(14) near 39 and not yet stretched. Silver stays heavy as oil-driven hike fears outweigh the softer post-presser USD.
Support: 53.29, 53.00
Resistance: 53.70, 53.97, 54.37
What it said to watch
M15 close below the 53.29 fomc low extends the lower-high sequence toward the 53.00 round number
Reclaim of the 53.70 lower high would break the intraday sell-off sequence; 53.97 lower high caps above
Trendline from 54.60 through the 54.37 asian high frames the lower-high structure
Thu 12:30 GMT core PCE/GDP (~10h) could materially shift this read
Wide 53.30–54.37 range with lower highs; Asia spike fully retraced.
Silver's post-presser pop to the 54.605 fomc high faded. In early Asia session the metal swept the 53.295 sweep low, then spiked to the 54.368 asia high, a fresh lower high, before giving the whole move back. Price sits below the 61.8% retrace near 53.70, with the 53.97 lower high capping and RSI(14) neutral at 46. ATR near 290 pips reflects the FOMC-driven volatility.
Support: 53.47, 53.295
Resistance: 53.97, 54.368, 54.605
What it said to watch
M15 close below the 53.295 sweep low breaks the range floor and puts the 53.00 area in view
Holding the 53.47 ny low keeps price inside the post-FOMC range
Reclaim of the 53.97 lower high reopens the 54.368 asia high; the lower-high trendline from the fomc high still caps
US core PCE and Q3 GDP at 12:30 UTC (~10h) could materially shift this read
Warsh's presser whipsawed silver through a 53.30–54.60 range. Asia then swept the 53.30 double low at 01:00 UTC and spiked to 54.37, a lower high under the 54.60 FOMC high. Price is back near the 50% of the Asia spike fib with the 53.64 swing low holding, and RSI(14) sits flat at 50.
Support: 53.644, 53.295
Resistance: 54.368, 54.605
What it said to watch
A close below the 53.64 swing low exposes the 53.30 double low again
A close above the 54.37 Asia high breaks the lower-highs trendline toward the 54.60 FOMC high
Losing the Asia spike fib 61.8% near 53.70 weakens the 01:00 UTC rebound
Core PCE and Q3 GDP at 12:30 UTC (~10h) could reset this range
Early Asia session swept the 53.30 range low, set at the post-FOMC low, and spiked to the 54.37 Asia high. It then gave most of that back to 53.77, a roughly 56% retrace on the spike fib. Price sits mid-range below the 54.60 FOMC high, with swings two-way since Warsh's presser was read as less hawkish than feared. RSI(14) is neutral near 48.
Support: 53.472, 53.295
Resistance: 54.368, 54.605
What it said to watch
M15 close below the 53.30 range low breaks the post-FOMC range floor
Failure to hold the 53.47 swing low puts the range low back in play
Close above the 54.37 Asia high reopens the 54.60 FOMC high
Core PCE and Q3 GDP at 12:30 UTC (~11h) could materially shift this read
01:32 UTC
Choppy, sharp Asia rebound off lows · RSI 55 · price 54.146
Double bottom at 53.30, lower high under 54.61.
The post-FOMC presser whipsaw set a 53.30–54.61 range as Warsh's tone read less hawkish than feared. Asia session probed just under 53.30, then a single bar reversed to a 54.37 session high, completing a double bottom and clearing the 53.99 Asian high. Price now sits near 54.15, above the 20 and 50 EMAs, with RSI near 55 and still capped by the lower highs from 54.61.
Support: 53.99, 53.83, 53.30
Resistance: 54.37, 54.61
What it said to watch
M15 close back below the 53.99 Asian high returns price to the Asian range and exposes the 53.83 50% retrace of the spike
A break of the 54.37 session high and the lower-highs line opens the 54.61 FOMC high
Failure to hold the 53.30 double bottom voids the reversal read
US core PCE / Q3 GDP at 12:30 UTC (~11h) could materially shift this read
01:18 UTC
Post-FOMC range, sharp Asia bounce off lows · RSI 55 · price 54.099
53.30–54.60 post-Fed range; Asia swept the low and reversed.
Early Asia session swept the post-FOMC sweep low at 53.295 and rejected it hard. The single 01:00 UTC bar ran to the 54.207 Asia high, putting price on the 61.8% retracement of the post-Fed drop from the 54.605 Fed-day high. The Fed hold and a presser read as less hawkish than feared built the 53.30–54.60 range that still frames trade, with RSI(14) back in the mid-50s.
Support: 54.00, 53.775, 53.295
Resistance: 54.207, 54.30, 54.605
What it said to watch
M15 close above the 54.207 Asia high and the 54.30 FOMC spike area opens the 54.605 Fed-day high
Failure to hold the 54.00 round number exposes the Asia shelf at 53.775
Return below the 53.295 sweep low turns the sweep into a range break lower
Core PCE and Q3 GDP Thu 12:30 GMT (~11h) are the next scheduled risk to this range
01:07 UTC
Downtrend, lower highs through Asia · RSI 44 · price 53.50
Lower-high chain from 54.60 Fed spike; Asian shelf broken, Fed low tagged.
Silver has printed lower highs through the Asia session since the 54.60 post-Fed spike. It broke the 53.77 asian shelf and the current bar swept the 53.30 Fed low before bouncing to 53.50, despite a softer USD after the presser as oil-driven hike fears weigh. RSI(14) near 44 is not stretched, and ATR(14) near 250 pips still reflects post-FOMC volatility.
Support: 53.30, 53.00
Resistance: 53.77, 54.05, 54.60
What it said to watch
M15 close below the 53.30 fed low confirms a lower-low and exposes the 53.00 round number
Recapture of the 53.77 asian shelf (38.2% of the fed spike fib) would break the lower-highs chain
Close above the 54.05 session high invalidates the Asia downtrend read
Thu 12:30 GMT core PCE/GDP could materially shift this read
Post-Fed spike rejected at 54.605; lower highs and lower lows through the Asia session.
The Fed's in-line hold and a less-hawkish-than-feared presser lifted silver to a post-fed hi of 54.605. The spike was rejected inside an hour, and early Asia session trade has printed lower highs from the 54.052 session high. Price is now pressing the 53.552 session low, near the 78.6% retrace of the post-Fed move, with RSI(14) near 38 and not stretched.
Support: 53.552, 53.47, 53.296
Resistance: 53.925, 54.052, 54.605
What it said to watch
M15 close below the 53.552 session low exposes the 53.47 swing low, where the US-session lows clustered, then the 53.296 fed low
A reclaim of the 53.925 lower high and the lower-highs trendline invalidates the Asian downtrend read; 54.052 session high is next above
Holding the 78.6% retrace of the post-Fed move would mark it as the area where the fade is being absorbed
Thu 12:30 UTC core PCE (f/c 0.3% m/m, 3.1% y/y) and Q3 GDP could materially shift this read
Post-FOMC whipsaw 53.30–54.61 resolving lower; early Asia broke overnight range floor.
The FOMC presser swung silver from a 53.30 fomc low to a 54.605 post-fed hi. That spike was rejected, and lower highs have followed even as the USD eased on Warsh's less-hawkish read. Early Asia slipped out of the 53.75–53.99 overnight range to an asia low of 53.58, leaving price below both EMAs and near the 61.8–78.6% retrace of the post-Fed swing.
Support: 53.58, 53.47, 53.296
Resistance: 53.99, 54.052, 54.605
What it said to watch
A break of the 53.58 asia low exposes the 53.47 pre-fed low (tested twice before the decision), then the 53.30 fomc low
A recovery above the 53.99 lower high and the 54.05 asia high would end the lower-high sequence
Thu 12:30 GMT core PCE (f/c 0.3% m/m, 3.1% y/y) and Q3 GDP (f/c 3.2%) could materially shift this read
Lower highs from fed high, Asian range low breaking.
The post-Fed swing from 53.296 to 54.605 was rejected at the fed high and has retraced roughly 71%. The Asia session is pressing below the asian low at 53.75, with lower highs at 54.605 and 53.99 capping and the pre-fed lows near 53.47 next below.
Support: 53.47, 53.296
Resistance: 53.752, 53.99, 54.605
What it said to watch
M15 close back above 53.75 asian low negates the range break
Failure to hold 53.47 pre-fed lows exposes the 53.296 post-fed low
Close above 53.99 asian high breaks the lower-high sequence from the 54.605 fed high
Thu 12:30 GMT core PCE and GDP could materially shift this read
Post-Fed compression inside 53.75–54.05 range, lower highs off 54.61 spike.
The in-line Fed hold and presser whipsawed silver from a 53.30 Fed low to a 54.61 Fed spike. Supply capped the spike within two bars, and price has since compressed in a 53.75–54.05 range around the 50–61.8% fib of that swing. Early Asia session is trading mid-range, with RSI(14) flat near 50 and price sitting on EMA20/EMA50.
Support: 53.752, 53.47, 53.296
Resistance: 54.338, 54.605
What it said to watch
M15 close below 53.75 range low exposes the 53.47 pre-fed low, then the 53.30 Fed low
M15 close above 54.05 range high reopens the 54.34 prior high and the 54.61 Fed spike
Thu 12:30 GMT core PCE (f/c 0.3% m/m, 3.1% y/y) and Q3 GDP could materially shift this read