Lower highs from 61.56 PCE spike; tight Asian range 60.28–60.44 above the 60.03 day low.
The 12:30 UTC PCE spike to 61.56 was rejected as US growth beats lifted yields, sending silver to a 60.03 day low in NY. The late NY high at 60.48 capped the bounce short of the 38.2% fib at 60.61, and the Asia session is ranging inside 60.28–60.44 with RSI(14) near 53.
Support: 60.283, 60.028
Resistance: 60.443, 60.482, 60.614
What it said to watch
Break of the 60.28 asian low exposes the 60.03 day low and 60.00 psych
Close above the 60.44 asian high and 60.48 late ny high opens the 38.2% fib at 60.61
Thu Jobless Claims 12:30 UTC and ISM Manufacturing / Prices Paid 14:00 UTC could materially shift this read
Lower highs from 61.56; tight Asia range above swing low.
The soft-PCE spike to 61.562 was rejected, and NY sold off to a 60.028 swing low as GDP, ADP and Chicago PMI beats kept yields firm. The rebound stalled at the 60.482 late NY high, below the 38.2% of the PCE drop fib. The early Asia session range is 60.287 (session low) to 60.443 (session high), with price just under EMA20 and RSI(14) neutral near 54.
Support: 60.287, 60.028
Resistance: 60.443, 60.482
What it said to watch
Break of the 60.287 session low exposes the 60.028 swing low and the 60.00 round figure
Close above the 60.443 session high and 60.482 late NY high brings the 38.2% PCE drop fib near 60.61 into view
Thu Initial Jobless Claims (12:30 UTC) and ISM Manufacturing with Prices Paid (14:00 UTC) could materially shift this read
Post-PCE spike rejected; higher-low chain from session low broken in Asia.
Soft core PCE spiked silver to 61.562 in early NY, but US growth beats (GDP, ADP, Chicago PMI) erased the move and NY pressed to a 60.028 session low beneath the 60.30 area. The late-NY bounce stalled at the 60.482 swing high inside the 23.6–38.2% retrace of the PCE-spike decline. The rising trendline off the session low gave way early in Asia, leaving price on the 60.287 asian low with RSI(14) near 44 and below both EMAs.
Support: 60.287, 60.193, 60.028
Resistance: 60.482, 60.558
What it said to watch
M15 close below the 60.287 asian low exposes the 60.193 higher low and the 60.028 session low
Reclaim of the 60.482 swing high puts the 60.558 london low back in play as the next cap
Initial Jobless Claims (Thu 12:30 UTC) and ISM Manufacturing / Prices Paid with Waller (Thu 14:00 UTC) could materially shift this read
Post-PCE lower highs, then higher lows off the 60.03 session low.
The PCE-miss spike to 61.56 was rejected within the hour. Strong GDP, ADP and Chicago PMI beats then drove a NY-session slide to a 60.03 session low, where 60.03–60.09 held three times. Late-NY higher lows lifted price to a 60.48 swing high, and the new Asia session is drifting in a tight 60.34–60.44 range just above EMA20.
Support: 60.19, 60.03, 60.00
Resistance: 60.48, 60.61, 60.75
What it said to watch
M15 close below the 60.19 higher low undoes the base and puts the 60.03 session low and 60.00 psych back in play
Clearance of the 60.48 swing high exposes the fib 38.2 at 60.61 and the 60.75 breakdown shelf
Rally stalling below the 60.75 breakdown keeps the lower-high sequence intact
US Initial Jobless Claims 12:30 UTC and ISM Manufacturing / Prices Paid 14:00 UTC could materially shift this read
Higher lows off 60.028 session low, capped under post-PCE supply.
The post-PCE spike to 61.562 at 12:30 UTC was rejected as US growth beats kept yields firm, and the slide ran to a 60.028 session low in NY. Higher lows along a rising trendline have since lifted price to 60.42, just above the 23.6% retracement. Early Asia is holding under the 60.482 late NY high.
Support: 60.37, 60.30, 60.028
Resistance: 60.482, 60.614
What it said to watch
Loss of trendline support near 60.37 exposes the 60.30 aug low and the 60.028 session low
M15 close above the 60.482 late ny high opens the path to the 60.614 fib 38.2 retracement of the post-PCE drop
Jobless Claims (12:30 UTC) and ISM Manufacturing/Prices Paid (14:00 UTC) Thursday could materially shift this read
Higher-low grind off 60.028 day low, below 60.75 lower high.
The post-PCE spike to 61.562 was rejected, and the growth-data beats drove a slide to the 60.028 day low. Since then a higher-low grind along the recovery line has lifted price to the 23.6% level of the PCE fade fib near 60.40. Early Asia is quiet, holding above the 60.367 Asian low with the 60.482 NY high capping.
Support: 60.367, 60.193, 60.028
Resistance: 60.482, 60.75
What it said to watch
M15 close above the 60.482 NY high opens the 38.2% PCE fade fib at 60.614 and the 60.75 lower high
Break of the recovery line and the 60.193 higher low exposes the 60.028 day low and 60.00 psych
Thu 12:30 UTC jobless claims and 14:00 UTC ISM Manufacturing / Prices Paid could materially shift this read
Higher lows off 60.028 session low, capped at 60.482.
The post-PCE spike to 61.562 was rejected as US growth beats kept yields firm, and silver slid to a 60.028 session low. Late NY built a higher-low chain to a 60.482 ny high; the early Asia session sits at the 23.6% fib near 60.39, just above the 60.30 aug low.
Support: 60.30, 60.193, 60.028
Resistance: 60.482, 60.614, 61.00
What it said to watch
Close above the 60.482 ny high opens the fib 38.2 at 60.614, with 61.00 round number beyond
Break of the 60.193 swing low and rising trendline ends the higher-low chain back toward the 60.028 session low
Failure to hold the 60.30 aug low puts the 60.00 handle back in play
ISM Manufacturing and Prices Paid at 14:00 UTC Thu (Claims 12:30 UTC) could materially shift this read
Post-data rejection to lower low at 60.03; micro higher lows since, capped below 60.56.
The 12:30 UTC PCE/GDP spike to 61.56 was rejected as beats in GDP, ADP and Chicago PMI kept yields firm. NY then broke the 60.30 aug low and printed a 60.03 day low. Late-NY higher lows along a rising trendline lifted price to 60.44, near the 23.6% of the data spike fib and the 60.48 late-ny high, still under the 60.56 london low.
Support: 60.30, 60.193, 60.028
Resistance: 60.482, 60.558, 61.00
What it said to watch
M15 close above the 60.56 london low exposes the 38.2% of the data spike fib at 60.61 and the 61.00 round number
A break of the rising trendline and the 60.19 higher low returns focus to the 60.03 day low
Failure to hold back above the 60.30 aug low keeps the NY breakdown intact
Kashkari (22:00 UTC, now) and ISM Manufacturing plus Prices Paid (Thu 14:00 UTC) could materially shift this read
21:48 UTC
Downtrend, late-NY bounce · RSI 56 · price 60.389
Lower highs from 61.56; higher lows off 60.03.
The 12:30 UTC spike to 61.56 on soft PCE met rejection as GDP, ADP and Chicago PMI beats lifted yields. Silver slid to a 60.03 session low just above the 60.00 round number. Late NY has ground higher in a higher lows sequence off that low and now sits at the 23.6% retrace of the post-data drop near 60.39, just under the 60.48 late high.
Support: 60.19, 60.03, 60.00
Resistance: 60.48, 60.61, 60.76
What it said to watch
M15 close above the 60.48 late high extends the bounce toward the 60.61 fib 38.2 and the 60.76 prior lows from London
Loss of the 60.19 swing low breaks the higher lows trendline
A break of the 60.03 session low exposes the 60.00 round number
Fed Kashkari at 22:00 UTC could materially shift this read in the thin post-NY tape
Thu ISM Manufacturing and Prices Paid at 14:00 UTC is the next scheduled catalyst
Lower highs from the PCE spike; shallow higher-low chain off the 60.028 NY low.
The soft PCE print spiked silver to 61.562 at 12:30 UTC. The move was rejected as GDP and Chicago PMI beats drove a NY selloff through the Asian low at 60.812 to a 60.028 NY low. Late NY has since printed higher lows along a trendline, and price sits on the 23.6% fib near 60.39, capped by the late NY high at 60.482.
Support: 60.193, 60.028, 60.00
Resistance: 60.482, 60.614, 60.812
What it said to watch
M15 close above the late ny high 60.482 opens the fib 38.2 at 60.614, with the broken asian low 60.812 above
Break of the 60.193 higher low and trendline returns focus to the 60.028 ny low and 60.00 psych
Kashkari at 22:00 UTC into the Asia session, then Jobless Claims (12:30 UTC) and ISM Manufacturing / Prices Paid (Thu 14:00 UTC), could materially shift this read
Lower highs from 61.56 spike; micro higher lows since 60.03 session low.
The post-data spike to 61.56 at the 12:30 UTC releases met rejection. The softer PCE lift faded as GDP, ADP and Chicago PMI beats drove a NY slide to the 60.03 session low. Since then price has built higher lows along a rising trendline and is pressing the 60.48 late NY high, just above the aug low at 60.30 and at the 23.6% level of the NY selloff fib.
Support: 60.30, 60.193, 60.028
Resistance: 60.482, 60.526, 60.614
What it said to watch
M15 close above the 60.48 late NY high and 60.53 prior pivot opens the fib 38.2 at 60.61
Break of the 60.19 higher low breaks the rising trendline and puts the 60.03 session low back in play
Loss of 60.03 session low exposes the 60.00 psych level
Kashkari at 22:00 UTC and ISM Manufacturing / Prices Paid Thu 14:00 UTC could materially shift this read
Lower highs from 61.56 to a 60.03 NY low, micro higher lows since.
Silver slid from the 61.71 Asian high through London and NY. The post-PCE spike to 61.56 was rejected as GDP, ADP and Chicago PMI beats kept yields firm, and the NY session low printed at 60.03. Late NY has built micro higher lows along a rising trendline, with price stalling near the 23.6% fib at 60.39 under the 60.48 rebound high.
Support: 60.193, 60.028, 60.00
Resistance: 60.482, 60.75
What it said to watch
M15 close above the 60.48 rebound high opens the 38.2% fib near 60.61 and the 60.75 breakdown area
Loss of the 60.19 swing low and the rising trendline puts the 60.03 session low and 60.00 round number back in play
Kashkari at 22:00 UTC tonight, plus ISM Manufacturing and Waller at 14:00 UTC Thu, could materially shift this read
Lower highs from 61.71; higher lows since 60.03 session low.
The 12:30 UTC spike to 61.56 was rejected as strong GDP, ADP and Chicago PMI beats outweighed the soft PCE. Silver then slid to a 60.03 session low during NY hours. Late NY has built higher lows up to the 60.45 bounce high, still capped under the 60.53 prior high and the 23.6–38.2% fib zone.
Support: 60.193, 60.028, 60.00
Resistance: 60.448, 60.526, 60.614
What it said to watch
M15 close above the 60.53 prior high opens the 60.61 fib 38.2 retracement
Loss of the 60.19 higher low breaks the rising support trendline; below the 60.03 session low exposes 60.00 psych
Kashkari at 22:00 UTC tonight and ISM Manufacturing Thu 14:00 UTC could materially shift this read
Lower session highs from Asia and London; NY low 60.028 held above 60.00, micro higher lows since.
The spike to 61.562 on the soft PCE print was fully rejected, and strong US growth data drove the NY slide to a 60.028 session low just above 60.00. Micro higher lows since then have lifted price toward the 60.403 bounce high, near the 23.6% fib of the PCE spike leg, with the 60.526 lower high above.
Support: 60.193, 60.028
Resistance: 60.403, 60.526
What it said to watch
M15 close below the 60.193 micro low breaks the higher-low sequence and puts the 60.028 session low and 60.00 back in focus
Acceptance above the 60.403 bounce high opens the 60.526 lower high
Kashkari at 22:00 UTC and Thu ISM Manufacturing / Prices Paid at 14:00 UTC could materially shift this read
Lower highs after the 12:30 UTC spike to 61.562; lower low at 60.028, now a tight base on rising lows.
The 12:30 UTC PCE-driven spike to 61.562 was fully rejected. Beats in GDP, ADP and Chicago PMI firmed the dollar and set up lower highs down to a 60.028 session low. Late in the NY session, price is grinding up on rising lows toward the 60.403 late NY high, which sits at the 23.6% fib of the post-data drop. RSI(14) is neutral near 51.
Support: 60.193, 60.028, 60.00
Resistance: 60.403, 60.526, 60.614
What it said to watch
M15 close below the 60.193 rising lows puts the 60.028 session low and the 60.00 round number back in play
Break under 60.00 extends the lower-low sequence
Close above the 60.403 late NY high opens the 60.526 swing high and the fib 38.2 at 60.614
Kashkari at 22:00 UTC could materially shift this read
Lower highs from the 61.56 PCE spike high; shallow higher lows off the 60.03 session low.
The 12:30 UTC PCE spike to 61.56 was fully rejected. Beats in ADP, GDP and Chicago PMI kept yields firm, and NY sold through the London low to a 60.03 session low. The late-NY bounce is building higher lows but stalls at the 60.40 bounce high, near the 23.6% level of the PCE spike fib, with RSI(14) neutral around 47.
Support: 60.166, 60.028, 60.00
Resistance: 60.403, 60.526, 60.614
What it said to watch
M15 close above the 60.40 bounce high and 60.53 swing high opens the 38.2% fib near 60.61
Loss of the 60.17 higher low and the rising lows trendline puts the 60.03 session low and 60.00 psych back in play
Fed speakers Goolsbee (20:05 UTC) and Kashkari (22:00 UTC) could shift this read in thin after-London-close trade
Thu 14:00 UTC ISM Manufacturing and Prices Paid (f/c 55 / 72.3) is the next major volatility risk
19:47 UTC
Downtrend, late-NY compression off the lows · RSI 46 · price 60.291
Lower highs from the 61.56 PCE spike; 60.03–60.38 box with higher lows.
The post-PCE spike to 61.56 was rejected. Strong GDP, ADP and Chicago PMI prints then firmed the dollar, and NY broke the Asian low at 60.81, bottoming at the 60.03 session low. Late NY is compressing inside 60.03–60.38, with higher lows along a rising line and the range top capping each push.
Support: 60.22, 60.03, 60.00
Resistance: 60.38, 60.53, 60.81
What it said to watch
An M15 close above the 60.38 range top opens the 60.53 swing high. The fib 50% near 60.80 lines up with the broken Asian low.
A break of the 60.22 higher low and its trendline returns focus to the 60.03 session low and the 60.00 psych level.
Fed's Goolsbee (20:05 UTC) and Kashkari (22:00 UTC) could jolt the thin late-NY range.
Lower highs from 61.562 post-PCE spike; micro higher lows off 60.028 day low.
The 12:30 GMT soft-PCE spike to 61.562 was fully rejected as the GDP, ADP and Chicago PMI beats took over, with NY printing a day low at 60.028 just above psych 60.00. Late NY is grinding up on higher lows and pressing EMA20 near 60.34, just under the 60.376 swing high and the 23.6% fib of the post-PCE drop. RSI(14) is neutral near 50.
Support: 60.166, 60.028, 60.00
Resistance: 60.376, 60.558
What it said to watch
M15 close above the 60.376 swing high and the 23.6% fib opens the path to the 60.558 London low
Loss of the 60.166 higher low breaks the late-NY rising trendline and puts the day low at 60.028 and psych 60.00 back in play
Fed's Goolsbee (20:05 GMT) and Kashkari (22:00 GMT) tonight could materially shift this read; ISM Manufacturing is at 14:00 GMT tomorrow
The 12:30 GMT data spike to 61.56 fully reversed. Strong GDP, ADP and Chicago PMI outweighed the soft PCE, and NY printed a lower-high sequence into a 60.03 session low. Late in the NY session, price is basing in a tight band between that session low and the 60.38 range top, just above the 60.00 psych level, with RSI(14) neutral near 48.
Support: 60.028, 60.00
Resistance: 60.376, 60.526, 60.614
What it said to watch
M15 close below the 60.03 session low and 60.00 psych resumes the lower-low sequence
Close above the 60.38 range top exposes the 60.53 swing high and the fib 38.2 of the spike-to-low move at 60.61
Fed's Cook (19:25 UTC), Goolsbee (20:05) and Kashkari (22:00) could jolt the thin late-NY tape
19:05 UTC
Downtrend, compressing near lows · RSI 42 · price 60.228
Lower highs above 60.03 session low.
The post-PCE spike to 61.562 was rejected. Price slid to a 60.028 session low during NY hours as the GDP, ADP and Chicago PMI beats outweighed the soft core PCE. Since 15:15 UTC, late-NY price has compressed under a line of lower highs, capped by the 60.38 range top and holding just above the 60.00 psych level. RSI(14) sits near 42, below both EMAs.
Support: 60.028, 60.00
Resistance: 60.376, 60.526, 61.00
What it said to watch
M15 close below the 60.028 session low and 60.00 psych extends the lower-low sequence
Close above the 60.38 range top breaks the lower highs line, with the 60.53 swing high next
Fed's Cook (19:25 UTC), Goolsbee (20:05) and Kashkari (22:00) tonight could materially shift this read; 61.00 round number is the next reference above the post-PCE spike retrace zone
Lower highs since the PCE spike high; lows flattening at 60.03–60.09.
The soft-PCE spike to 61.562 was fully rejected as strong GDP, ADP and Chicago PMI kept USD bid. Silver slid through the Asian range low (60.81) to a 60.028 session low. Late NY hours show a tight 60.03–60.38 box under the 60.376 swing high and the 60.526 lower high, with price still below the 38.2% of the PCE spike fib at 60.61.
Support: 60.028, 60.00
Resistance: 60.376, 60.526
What it said to watch
M15 close below the 60.028 session low and the 60.00 psych extends the lower-low chain
M15 close above the 60.376 swing high breaks the lower-high sequence and puts 60.526 and the PCE spike fib 38.2% (60.61) in view
Fed's Cook 19:25 GMT, Goolsbee 20:05 and Kashkari 22:00 could materially shift this read
Lower-high chain since the post-PCE spike; flat grind above 60.03.
The 12:30 UTC PCE/GDP spike to 61.562 was fully rejected. Silver then slid through NY hours in a lower-high chain to a 60.028 session low, as the GDP, ADP and Chicago PMI beats outweighed the soft core PCE print. Late-NY bars are poking above the lower-high line near 60.22 with RSI(14) around 40, while the 60.30 swing high still caps.
Support: 60.028, 60.00
Resistance: 60.30, 60.526, 60.614
What it said to watch
An M15 close above the 60.30 swing high breaks the lower-high chain and opens the 60.526 lower high, then the fib 38.2 at 60.614
Failure to hold the 60.028 session low exposes the 60.00 psych handle
Fed speakers Cook (19:25 UTC), Goolsbee (20:05) and Kashkari (22:00) could materially shift this read
18:17 UTC
Downtrend, grinding lower late NY · RSI 38 · price 60.166
Lower highs and lower lows since post-PCE spike; compressing under descending trendline.
The 12:30 UTC PCE spike to 61.56 was rejected, and silver broke the Asian range low and slid to a 60.03 session low. Strong GDP/ADP/Chicago PMI prints outweighed the soft core PCE. Late in the NY session, price is compressing under a descending trendline from the 60.53 swing high, just above the 60.00 round number.
Support: 60.028, 60.00
Resistance: 60.28, 60.526, 60.795
What it said to watch
M15 close above the 60.28 lower high breaks the descending trendline and the lower-high chain
A close above the 60.53 swing high opens the fib 50% retrace of the PCE spike drop at 60.80
Loss of the 60.00 round number below the 60.03 session low extends the lower-low sequence
Fed's Cook (19:25 GMT) and Goolsbee (20:05 GMT) could materially shift this read
Lower highs and lower lows since the 61.56 post-PCE spike.
The spike to 61.56 at the 12:30 UTC PCE miss was fully rejected. Beats in ADP, GDP and Chicago PMI restored the USD bid, and NY hours stepped lower through a 60.53 swing high and a 60.38 lower high to a 60.03 session low, just above the 60.00 round number. Late in the NY session, RSI(14) sits near 33, soft but not oversold, and price is pinned under a falling trendline near 60.20.
Support: 60.028, 60.00
Resistance: 60.376, 60.526
What it said to watch
An M15 close above the 60.38 lower high and the falling trendline breaks the lower-high chain
A reclaim of the 60.53 swing high would put the 38.2% of the PCE spike fib near 60.61 in view
Failure to hold the 60.03 session low and the 60.00 round number extends the downtrend
Fed's Cook (19:25 UTC), Goolsbee (20:05) and Kashkari (22:00) could materially shift this read
Lower-high/lower-low chain off 61.562; testing 60.00.
The 12:30 UTC PCE/GDP/ADP spike to 61.562 was fully rejected as growth beats kept USD bid, and NY hours have carved steady lower highs beneath the post-PCE trendline. Price is now at a fresh session low of 60.028, pressing the 60.00 psych, with RSI(14) near 36, soft but not oversold.
Support: 60.028, 60.00
Resistance: 60.28, 60.558
What it said to watch
M15 close below the 60.00 psych extends the lower-low chain
M15 close above the 60.28 lower high breaks the post-PCE trendline
Reclaim of the 60.558 pre-PCE low, near the 38.2% of the post-PCE drop, neutralises the selloff
Fed's Cook (19:25 UTC), Goolsbee (20:05) and Kashkari (22:00) could shift this read
Lower highs from PCE spike, tight late-NY range 60.08–60.38.
Silver spiked to 61.562 on the soft PCE print, but the move was rejected as the ADP, GDP and Chicago PMI beats restored the USD bid. The sell-off broke the Asian range low near 60.81 and put in a 60.076 session low. After London close, price is holding a tight 60.08–60.38 band just above the 60.00 psych level, with RSI(14) near 29.
Support: 60.076, 60.00
Resistance: 60.376, 60.526, 60.644
What it said to watch
M15 close below the 60.076 session low exposes the 60.00 psych level
Break above the 60.376 range top and the 60.526 swing high opens the fib 38.2 at 60.644 and ends the lower-high sequence
Fed's Cook (19:25 UTC), Goolsbee (20:05) and Kashkari (22:00) could materially shift this read
Lower highs and lower lows since the 12:30 UTC data spike.
The 12:30 UTC PCE/GDP data spike to 61.56 was rejected. Silver has printed lower highs through the NY session, broken the London low at 60.558 and set a new session low at 60.076 below the $60.30 area. The hot growth prints are keeping USD firm, and RSI(14) near 29 is stretched but not extreme.
Support: 60.076, 60.00
Resistance: 60.376, 60.558
What it said to watch
An M15 close below the 60.00 round number extends the lower-low sequence
Recovery above the 60.376 lower high breaks the micro sequence and reopens the 60.558 london low
Fed's Cook (19:25 UTC), Goolsbee (20:05) and Kashkari (22:00) could materially shift this read
Lower highs after PCE spike; tight consolidation 60.09–60.46 after London close.
The PCE spike to 61.562 at 12:30 UTC was fully rejected as the ADP, GDP and Chicago PMI beats firmed USD. NY hours then broke the London low at 60.558 and printed a session low at 60.086. Price is now compressing in a 60.09–60.46 consolidation below EMA20 and EMA50, with RSI(14) near 34 after dipping toward oversold.
Support: 60.086, 60.00
Resistance: 60.46, 60.558, 60.65
What it said to watch
A close above the 60.46 range top opens the fib 38.2 retracement of the PCE spike at 60.65, with the London low at 60.558 in between as a cap.
Failure to hold the 60.086 session low exposes the 60.00 round number.
Fed's Cook (19:25 UTC), Goolsbee (20:05) and Kashkari (22:00) tonight could materially shift this read.
Lower highs since the 61.562 NY spike; tight 60.10–60.38 base after London close.
The 12:30 UTC spike to 61.562 on the soft PCE print was fully rejected as the GDP, ADP and Chicago PMI beats firmed the USD. The NY drop took out the london low at 60.558 and printed a 60.086 session low. Buyers stepped in twice near 60.10, and price is basing at 60.10–60.38 after London close, RSI(14) near 38.
Support: 60.086, 60.00
Resistance: 60.558, 60.824, 60.998
What it said to watch
M15 close back above the london low at 60.558 would break the lower-high sequence and bring the 50% fib at 60.824 into play
Failure to hold the 60.086 session low exposes the 60.00 psych level
A retracement that stalls below the 61.8% fib near 61.00 keeps the NY drop structure intact
Fed's Cook (19:25 UTC), Goolsbee and Kashkari tonight could materially shift this read
Lower highs since the 61.56 PCE spike; Asian range broken lower, basing above session low.
The soft-PCE spike to the 61.56 pce high was rejected within the bar. The beats in ADP, GDP and Chicago PMI then drove a break through the london low at 60.56 and the Asian range to a session low of 60.086. Late NY hours are compressing just above that low with RSI(14) near 30, and each bounce has stalled below 60.40.
Support: 60.086, 60.00
Resistance: 60.558, 60.998, 61.562
What it said to watch
An M15 close below the 60.086 session low exposes the 60.00 round number
A reclaim of the 60.558 london low breaks the lower-high chain; the 61.8% fib near 61.00 sits above
Fed speakers Cook (19:25 UTC), Goolsbee and Kashkari tonight could shift this read
Lower highs and lower lows since Asia top; London low broken.
NY faded the 12:30 UTC data spike to 61.562 within the hour and broke the London low at 60.558, extending lower highs and lower lows from Asia's 61.712 top to a session low at 60.086. Beats in GDP, ADP and Chicago PMI outweighed the soft PCE. Price is now holding a narrow band above the session low, capped by the 60.393 bounce high, with RSI(14) near 31.
Support: 60.086, 60.00
Resistance: 60.393, 60.558, 61.562
What it said to watch
M15 close back above the 60.558 london low negates the breakdown
Loss of the 60.086 session low exposes the 60.00 round number
Close above the 60.393 bounce high and the lower-highs line near 60.40 would be the first break in the sequence
38.2% of the data spike sell-off sits near 60.65, 61.8% near 61.00
Fed's Cook (19:25 UTC), Goolsbee (20:05) and Kashkari (22:00) could materially shift this read
16:05 UTC
Downtrend, lower highs through NY · RSI 27 · price 60.194
Lower highs and lower lows since the 12:30 UTC spike; prior low at 60.30 broken.
The 12:30 UTC core-PCE miss spiked silver to 61.562, but the move was rejected within the bar. The hot GDP/ADP/Chicago PMI read then drove a lower-high sequence (lower high 61.064) through NY hours, breaking the London low at 60.558 and the 60.30 prior low. Into London close, price is basing just above the 60.086 session low, with RSI(14) near 27 and the round number 60.00 below.
Support: 60.086, 60.00
Resistance: 60.30, 60.558, 61.064
What it said to watch
M15 close back above the 60.30 prior low would flag the break as a false break
Failure to hold the 60.086 session low and the 60.00 round number extends the lower-low chain
Reclaim of the 60.558 London low and the 38.2% of the PCE spike fib near 60.65 needed to challenge the lower-highs trendline
A break of the lower-highs trendline from 61.562 through the 61.064 lower high invalidates the downtrend read
Fedspeak (Cook 19:25, Goolsbee 20:05 UTC) could materially shift this read
15:47 UTC
Downtrend, lower highs since the PCE spike · RSI 36 · price 60.295
Lower-high/lower-low chain from 61.562, prior-day and London lows broken.
The soft core PCE spike to the 61.562 pce high was rejected at 12:30 GMT. Hot growth data, led by the Chicago PMI beat, then drove a lower-high sequence down the trendline and through the london low at 60.558 to a 60.086 session low in NY hours. Price is sitting back at Tuesday's 60.30 low, with RSI(14) near 36 and ATR(14) around 310 pips.
Support: 60.086, 60.00
Resistance: 60.558, 61.064, 61.562
What it said to watch
A close back above the london low at 60.558 would mark the break as a false break; the 38.2% fib of the PCE spike drop sits near 60.65
A close below the session low at 60.086 and the 60.00 round number extends the lower-low chain
A close above the 61.064 lower high breaks the descending trendline from the pce high
Fed's Cook (19:25 GMT), Goolsbee (20:05) and Kashkari (22:00) could materially shift this read
Lower highs and lower lows through NY; London low and prior low broken.
The soft core PCE print spiked silver through the London high to a PCE high at 61.562, but the move was fully rejected as hot GDP/ADP/Chicago PMI kept pressure on. NY hours have since printed a chain of lower highs, most recently 60.828. Price broke the 60.558 London low and the 60.30 prior low to a session low at 60.086; it is now holding just above that area, with RSI(14) near 37 and not yet oversold.
Support: 60.30, 60.086, 60.00
Resistance: 60.558, 60.828, 61.562
What it said to watch
Holding back above the 60.30 prior low, then the 60.558 London low, would signal the break below that area has not followed through
Failure to hold the 60.086 session low extends the lower-low chain toward the 60.00 round number
A reclaim of 60.828 lower high, near the 50% retrace of the PCE high-to-session-low fib, breaks the lower-highs trendline
Fedspeak after London close (Cook 19:25, Goolsbee 20:05, Kashkari 22:00 GMT) could materially shift this read
Lower highs from the 61.562 PCE spike; 60.30 prior low swept, shallow bounce.
The soft core PCE print at 12:30 GMT spiked silver to the 61.562 PCE high. That spike was fully rejected as hot GDP, ADP and Chicago PMI data held NY hours in a lower-high sequence. The slide swept the 60.30 prior low to a 60.282 session low, and the bounce so far is shallow and capped below the broken 60.558 prior low.
Support: 60.282, 60.00
Resistance: 60.558, 61.064, 61.562
What it said to watch
M15 close back above the 60.558 prior low turns the 60.30 sweep into a false break
Break of the lower-high trendline near the 61.064 lower high negates the post-PCE sequence
Acceptance below the 60.282 session low exposes the 60.00 round number
Fedspeak tonight (Cook 19:25, Goolsbee 20:05, Kashkari 22:00 GMT) could materially shift this read
LH/LL chain below the London low, testing 60.30 area.
The soft core PCE print at 12:30 UTC briefly lifted price to a pce spike at 61.562, but the move was fully rejected. Hot GDP, ADP and Chicago PMI prints kept pressure on through NY hours, and price has since built a lower-high/lower-low chain. That chain broke below the Asian range and the 60.558 london low, reaching a session low of 60.353 just above the 60.30 multi-wk low, with RSI(14) near 39.
Support: 60.353, 60.30
Resistance: 60.558, 60.828, 61.562
What it said to watch
Failure to hold the 60.30 multi-wk low extends the lower-low sequence
M15 close back above the 60.558 london low negates the range break
Reclaim of the 60.828 lower high breaks the post-PCE downtrend chain; 61.562 pce spike caps above
Fed's Cook (19:25 GMT) and Goolsbee (20:05 GMT) could materially shift this read
Lower highs off the PCE high, fresh session low at 60.433.
The 12:30 GMT core PCE miss spiked silver to the 61.562 pce high. The bar closed well off it, a rejection, and the move fully unwound as the hot GDP, ADP and Chicago PMI prints weighed, leaving a chain of lower highs through NY hours. Price swept the pre-PCE low at 60.558 to a 60.433 session low and bounced back above it; the ema20 near 60.83 caps the rebound.
Support: 60.558, 60.433, 60.30
Resistance: 60.83, 61.064, 61.562
What it said to watch
M15 close below the 60.433 session low exposes the 60.30 Aug 5 low
Close back above the 61.064 lower high breaks the lower-high chain on the pce high trendline
Holding back above the ema20 near 60.83, the 0.382 of the PCE spike fade, eases downside pressure
Fedspeak tonight (Cook 19:25, Goolsbee 20:05, Kashkari 22:00 GMT) could materially shift this read
14:32 UTC
Intraday downtrend, lower highs since the PCE spike · RSI 45 · price 60.724
PCE spike fully faded; LH/LL chain in NY hours, pressing toward the London low.
The soft core PCE spiked silver to the 61.562 PCE high at 12:30 UTC. The bar rejected the level, and the hot GDP, ADP and Chicago PMI prints then faded the whole move. NY hours have printed a lower high at 61.279, then 61.132 and 61.064, with price at 60.72 below both EMAs, through the 78.6% fib of the spike and nearing the 60.558 London low.
Support: 60.558, 60.50
Resistance: 61.064, 61.279, 61.562
What it said to watch
A close below the 60.558 London low extends the lower-low chain toward the 60.50 psych level
A close above the 61.064 lower high breaks the post-PCE descending trendline
Fed Cook at 19:25 and Goolsbee at 20:05 UTC on the PCE miss could materially shift this read
14:17 UTC
Two-way chop after PCE spike, lower highs forming · RSI 55 · price 61.047
Post-data range 60.76–61.28 inside wider 60.56–61.56 session range.
The core PCE miss lifted silver from the 60.558 London session low to a 61.562 pce spike in the first NY bar. That broke above the 61.48 London high, but the move was fully rejected and has since printed a lower high at 61.279 (swing high) and another at 61.132, above a 60.763 post-PCE low. Price is pivoting near the 50% retrace at 61.05, with RSI(14) around 55 and ATR near 245 pips, mid-range with no clean directional structure.
Support: 60.941, 60.763, 60.558
Resistance: 61.132, 61.279, 61.562
What it said to watch
M15 close above the 61.132 lower high breaks the post-data lower-highs trendline; 61.279 swing high is next
Failure at the 61.8% fib near 60.94 exposes the 60.763 post-PCE low, then the 60.558 session low
Retest of the 61.562 PCE spike would reopen the London-high false-break area
Fed's Cook at 19:25 UTC, reacting to the PCE miss, could materially shift this read
Lower highs off 61.56 spike, inside 60.56–61.56 day range.
The 12:30 GMT core PCE miss spiked silver from 60.88 to a 61.56 PCE high, clearing the 61.48 London high, but the move was fully rejected. Price is back at 60.84 into the first hours of NY, printing lower highs, with the post-PCE low at 60.76 sitting near the 78.6% fib of the spike and the 60.56 session low below.
Support: 60.763, 60.558
Resistance: 61.00, 61.132, 61.562
What it said to watch
M15 close below the 60.76 post-PCE low exposes the 60.56 session low
Reclaim of the 61.00 round number and 61.13 lower high would revive the post-PCE bounce toward the 61.56 PCE high
Fed's Cook (19:25 GMT), Goolsbee and Kashkari reacting to the PCE miss could reprice this read
The 12:30 GMT core PCE miss (3.0% vs 3.3%) lifted silver from the 60.558 session low through the 61.48 London high to 61.562. That break failed on the bar, and early NY has retraced past the 61.8% fib through a sequence of lower highs, capped at 61.13. Price is now pressing the 60.77 shelf from London, with RSI(14) neutral near 48 and ATR(14) wide at ~220 pips.
Support: 60.77, 60.558
Resistance: 61.132, 61.48, 61.562
What it said to watch
Failure to hold the 60.77 shelf exposes the 60.558 session low and fully erases the PCE spike
M15 close above the 61.13 lower high breaks the post-PCE lower-high sequence
A return through the 61.48 London high toward the 61.562 PCE spike high would negate the false-break read
Chicago PMI (13:45 GMT, f/c 51.2) prints on the current bar; Fed's Cook, Goolsbee and Kashkari later in NY hours could shift this read
13:32 UTC
Two-way, post-data chop after London selloff · RSI 56 · price 61.109
PCE spike rejected above London high; mid-range inside Asian range.
The core PCE miss at 12:30 GMT drove a spike from 60.60 to 61.562. It briefly cleared the London high at 61.48, then a rejection pulled price back to a post-PCE low of 60.825, near the 78.6% fib of the data move. Price now sits around 61.10 at the 50% level, still inside the Asian range of 60.81–61.71, with the London session low at 60.558 below.
Support: 60.825, 60.558
Resistance: 61.48, 61.562, 61.712
What it said to watch
M15 close above the 61.48 london high and 61.562 pce spike reopens the 61.712 asian high
Failure to hold the 60.825 post-pce low exposes the 60.558 session low
Chicago PMI at 13:45 GMT and Fed's Cook, Goolsbee and Kashkari tonight could shift this read
13:17 UTC
Intraday down from Asian high, data spike faded · RSI 51 · price 60.931
Lower lows through London; post-data spike reversed below London high.
The 12:30 GMT PCE/GDP spike ran to the 61.562 spike high, briefly clearing the 61.48 London high while holding below the 61.71 Asian high. It has since fully faded to the 61.8% data spike fib near 60.94. Price now sits just above the 60.88 pre-data top, with the 60.56 session low below and RSI(14) neutral near 51.
Support: 60.88, 60.558
Resistance: 61.00, 61.562, 61.712
What it said to watch
M15 close back above the 61.00 round number would ease the post-data fade read
Failure to hold the 60.88 pre-data top exposes the 60.56 session low
Reclaim of the 61.56 spike high puts the 61.71 asian high back in play
Chicago PMI at 13:45 GMT and Fed's Cook/Goolsbee/Kashkari tonight could shift this read
13:06 UTC
Post-PCE rebound, stalling below Asia high · RSI 60 · price 61.255
London low reversed on data spike; pullback holding the 50% fib.
The core PCE miss at 12:30 GMT drove silver about 1,000 pips off the 60.558 session low to a 61.562 pce high. That erased the London slide that had broken below the 60.812 Asia low, a false break of the Asian range. The spike was rejected short of the 61.712 Asia high, and the pullback low at 61.068 held near the 50% fib; price sits at 61.25 with RSI(14) near 60.
Support: 61.068, 60.812, 60.558
Resistance: 61.562, 61.712
What it said to watch
M15 close above the 61.562 pce high reopens the 61.712 Asia high
Failure to hold the 61.068 pullback low exposes the 61.8% fib and the 60.812 Asia low
Chicago PMI at 13:45 GMT, then Fed's Cook and Goolsbee tonight, could shift the post-PCE read
12:47 UTC
London downtrend interrupted by a data-driven spike · RSI 64 · price 61.347
Lower highs and lower lows through London, reversed by the 12:30 GMT bar.
London printed lower lows from the 61.48 london high to a 60.558 session low. The US core PCE release at 12:30 GMT, following the ADP beat, sent silver about 70 cents higher to a 61.562 pce spike. That bar poked above the london high but closed back below it, leaving a long upper-wick rejection. The move broke the London trendline and price is holding near 61.35. The Asia high at 61.712 is still the session cap.
Support: 61.00, 60.88, 60.558
Resistance: 61.48, 61.562, 61.712
What it said to watch
M15 close above 61.48 london high turns the pce spike into a breakout rather than a false break
Return below 61.00 psych and the fib 50% (~61.06) puts the pce base at 60.88 back in play
Loss of the 60.558 session low resumes the London lower-low sequence
Post-PCE volatility keeps ATR elevated near 185 pips; the Asia high at 61.712 is the next cap if 61.56 clears
12:33 UTC
Downtrend from Asia high, sharp bounce on US data · RSI 65 · price 61.268
Lower highs intact; double base at 60.56–60.60 broken to upside.
London broke the asian low at 60.81 and based twice near the 60.56 session low, holding through the 12:15 GMT ADP beat before the 12:30 GMT PCE bar spiked 39 cents to 61.27, back above the ema20 with RSI(14) near 65. The lower-high sequence from the 61.71 asian high is still intact, and the descending trendline meets the 61.36 swing high directly overhead.
Support: 60.91, 60.81, 60.56
Resistance: 61.36, 61.48, 61.71
What it said to watch
M15 close above the 61.36 swing high breaks the lower-highs trendline and opens the 61.48 session high
Rejection at 61.36 with a slip back below the ema20 at 60.91 and the 60.81 asian low returns focus to the 60.56 session low
The PCE release bar is still forming; the full core PCE reaction (f/c 3.3% YoY) can still reshape this read in the first hour of NY
12:17 UTC
Downtrend, lower highs since Asia · RSI 39 · price 60.752
LH/LL sequence from 61.71 Asia high to 60.558 session low; small bounce stalling.
Silver faded the London open pop at 61.48, a lower high under the 61.71 Asia high, and slid to a 60.558 session low. That broke below Tuesday's 60.69 lows as firm yields and the dollar weighed. The early-NY bounce stalled at 60.84 as ADP lands, with price below both EMAs and RSI(14) near 39.
Support: 60.558, 60.30
Resistance: 60.841, 61.019, 61.48
What it said to watch
ADP at 12:15 UTC and core PCE at 12:30 UTC could materially reset the intraday range
Failure to hold the 60.558 session low exposes the 60.30 8-week low
Close back above the 60.84 bounce high and the fib 50% at 61.02 would soften the lower-low read
A break of the descending trendline near 61.35 opens a retest of the 61.48 london high
11:47 UTC
Downtrend, extending into late London · RSI 29 · price 60.63
Lower highs and lower lows from the London high, trading below the Asian range.
London faded from the 61.48 London high and broke the 60.81 Asian low at 09:15 UTC. A tight chain of lower highs has since taken price to a 60.558 session low, below Tuesday's NY lows, as firm yields cap bounces into US data. RSI(14) is near 29 and ATR is about 147 pips; price sits under the descending lower-high line near 60.94.
Support: 60.558, 60.30
Resistance: 60.812, 60.938, 61.48
What it said to watch
ADP at 12:15 UTC and core PCE at 12:30 UTC could materially shift this read
M15 close back above the 60.81 Asian low and the 60.94 lower high breaks the lower-high chain; the 61.02 fib 50% of the London drop sits above
Loss of the 60.558 session low leaves the 60.30 8-week low as the next reference
Lower highs from 61.71; Asian range broken to the downside.
London reversed an early push to the 61.48 london high and sold off through the Asian low near 60.85 and yesterday's prior low around 60.69, printing a session low at 60.558 as firm yields kept pressure on silver. Price now sits just above that prior low, below both EMAs with RSI(14) near 36. Lower highs have held since the 61.71 Asia-open high.
Support: 60.69, 60.558, 60.30
Resistance: 60.78, 61.00, 61.48
What it said to watch
ADP at 12:15 UTC and core PCE at 12:30 UTC, both inside the next hour, could materially shift this read
A recovery above the 60.78 shelf and the 61.00 round number would put the London selloff into a deeper retracement
Failure to hold the 60.69 prior low and the 60.558 session low exposes the 60.30 8-week low
An M15 close above the lower highs line near 61.37 would break the sequence from 61.71
11:04 UTC
Downtrend, lower highs through London · RSI 28 · price 60.712
Asian range low broken, testing prior-day low.
Silver was sold from the 61.71 Asia high and again from the 61.48 London high, printing lower highs, then broke the 60.81 Asian low as firm yields and the dollar weigh ahead of US data. The London decline has reached 60.71, sitting on yesterday's 60.69 prior low. RSI(14) is near 28 and price is below both EMAs.
Support: 60.687, 60.30
Resistance: 60.812, 61.00, 61.48
What it said to watch
ADP at 12:15 UTC and core PCE at 12:30 UTC could materially shift this read
An M15 close below the 60.69 prior low opens the path toward the 60.30 8-week low
A reclaim of the 60.81 Asian low and the 61.00 round number (38.2% of the London decline) would neutralise the downtrend read
A move back through the 61.48 London high would break the lower highs sequence
10:47 UTC
Intraday downtrend, lower highs since London open · RSI 31 · price 60.754
Asian range low broken, price pressing session low.
London stalled at 61.48, well short of the 61.712 Asian high. Since that rejection it has printed a chain of lower highs, the latest at 60.938, and broken the 60.812 Asian low. Price now sits on the 60.753 session low as firm yields and the dollar weigh ahead of US data. RSI(14) near 31 is soft but not at an extreme.
Support: 60.753, 60.696, 60.603
Resistance: 60.812, 60.938, 61.48
What it said to watch
ADP at 12:15 GMT and core PCE at 12:30 GMT could materially shift this read
M15 close back above 60.812 asian low negates the range break
Recovery through the 60.938 lower high breaks the lower-high chain, with the 50% fib of the london leg near 61.12 above
Failure to hold 60.696 tue ny low exposes the 60.603 prior low
Lower highs since London open; basing just above session low.
The London open spike to the 61.48 london high was rejected. The London drop then unwound the whole Asia-session bounce, printing a session low at 60.761 below the Asian floor near 60.81. Lower highs since London open are now compressing into a 60.76–60.94 band, with RSI(14) near 39, as firm yields keep silver heavy into US data. The 61.00 psych level and the 38.2% fib of the London drop cap above.
Support: 60.761, 60.696, 60.577
Resistance: 61.00, 61.48, 61.712
What it said to watch
ADP (12:15 GMT) and core PCE (12:30 GMT, f/c 3.3%) could materially shift this read within the next few bars
M15 close below the 60.76 session low extends the lower-low sequence toward the 60.70 prior low and the 60.58 swing low
Close back above 61.00 psych and the 38.2% fib (~61.04) breaks the lower-high chain; the 61.48 london high is the next reference above
61.71 asia high marks the top of the 24h range
10:04 UTC
Intraday downtrend, lower highs since London open · RSI 38 · price 60.809
Lower-high chain from 61.48; Asian range low broken, 60.777 tested twice.
London faded from a 61.48 opening high into a chain of lower highs. That move broke the 60.81 Asian range low and printed a 60.777 session low twice, and rebounds have stalled below the 61.00 round number. RSI(14) sits near 38 with price under both EMAs, as high yields and a firm dollar keep silver heavy into US data.
Support: 60.777, 60.69, 60.30
Resistance: 61.00, 61.48, 61.712
What it said to watch
M15 close below the 60.777 session low extends the lower-low sequence toward the 60.69 swing low
Recovery above the 61.00 round number (near the 38.2% fib of the London high–session low move) would ease the lower-high structure; the 61.48 london high and 61.712 asia high sit above
ADP at 12:15 GMT and core PCE at 12:30 GMT (f/c 3.3%) could materially shift this read; a hot print puts the 60.30 8-week low in view
09:47 UTC
Intraday down, lower highs since London open · RSI 42 · price 60.89
Asian low swept at 60.777, price holding just back inside the range.
London open ran to 61.48 and was rejected. A chain of lower highs then gave way through the 61.05 breakdown level and swept the Asian low at 60.812, with the session low at 60.777 before a close back near 60.89. Firm USD and yields near 19-year highs keep rebounds capped ahead of US data, and RSI(14) is neutral at ~42 below both EMAs.
Support: 60.777, 60.70, 60.543
Resistance: 61.05, 61.48, 61.712
What it said to watch
M15 close below the 60.777 session low confirms a lower-low toward the 60.70 tuesday low, then the 60.543 prior low
Reclaim of the 61.05 breakdown level and the lower-highs line would neutralise the London selloff
A push back to the 61.48 london high or the 61.712 asia high would restore the Asian range read
ADP 12:15 GMT and Core PCE/GDP 12:30 GMT could materially shift this read; expected M15 range is ~170 pips
09:32 UTC
Intraday downtrend, lower highs off Asia high · RSI 40 · price 60.921
London open pushed silver to a 61.48 London high, but it was rejected. Price then slid through the 61.05 breakdown level to a 60.78 session low, just under the 60.81 Asian low, before steadying near 60.92. The lower-highs trendline from the 61.71 Asia high caps the tape as yields and USD stay firm ahead of US data; RSI(14) is ~40.
Support: 60.78, 60.70, 60.54
Resistance: 61.05, 61.48, 61.71
What it said to watch
M15 close back above the 61.05 breakdown level neutralises the post-London slide and reopens the 61.48 London high
Failure to hold the 60.78 session low exposes the 60.70 swing low, then the 60.54 prior low
Push through the lower-highs trendline and the 61.36 fib 61.8% alters the downtrend read
ADP at 12:15 GMT and core PCE at 12:30 GMT, about 3h out, could materially shift this read
09:17 UTC
Intraday range, momentum fading from London open · RSI 47 · price 61.043
Lower highs since 61.48 rejection, inside overnight 60.81–61.71 range.
London open ran the overnight leg from the 60.81 Asian low up to a 61.48 London high, then met rejection. Successive lower highs (61.40, 61.36) have pulled price back to the 61.01 London low, near the 61.8% retracement of that leg and below both EMAs. Silver stays pinned inside the 60.81–61.71 Asian high/low band as elevated yields cap bounces ahead of US data.
Support: 61.007, 60.849, 60.812
Resistance: 61.358, 61.48, 61.712
What it said to watch
M15 close below the 61.01 London low exposes the 60.85 swing low and 60.81 Asian low
Close above the 61.36 lower high breaks the lower-highs trendline and reopens the 61.48 London high
US ADP at 12:15 GMT and core PCE/GDP at 12:30 GMT could materially shift this read; the 61.71 Asian high and 60.81 Asian low bracket the pre-data range
09:05 UTC
Sideways, fading London bounce · RSI 47 · price 61.057
Inside Asian range 60.81–61.71, lower high at 61.48.
Silver faded from the 61.71 Asian high after the reopen to an Asian low at 60.81. The London open lifted it from the 60.97 swing low to a 61.48 London high, but that rally was rejected and has fully retraced to the 61.01 London low. Price is below EMA20/50 and still inside the Asian range, pinned around $61 ahead of US data with yields near 19-year highs capping bounces.
Support: 61.013, 60.97, 60.812
Resistance: 61.48, 61.712
What it said to watch
ADP 12:15 UTC and core PCE 12:30 UTC could materially shift this read
M15 close below the 60.97 swing low exposes the 60.81 Asian low
Reclaim of the 61.48 London high breaks the lower-high trendline off 61.71
Failure to hold the 61.01 London low confirms the London rejection
Contracting between 61.71 Asian high and 60.81 Asian low; London leg now half-retraced.
London open lifted silver from the 60.85 swing low to 61.48. That high was rejected and printed below the 61.71 Asian high. Price has pulled back to the 50% retrace of that leg near 61.17 and is hugging EMA20, pinned mid-London with yields firm ahead of ADP at 12:15 and core PCE at 12:30 GMT.
Support: 61.00, 60.849, 60.812
Resistance: 61.48, 61.712
What it said to watch
M15 close above the 61.48 london high breaks the lower-high sequence and puts the 61.71 asian high back in play
Loss of the 61.00 round number and the 60.85 swing low exposes the 60.81 asian low
ADP (12:15 GMT) and core PCE (12:30 GMT) are likely to break the current contraction; ATR near 170 pips understates event range
08:32 UTC
Intraday recovery, higher lows since Asia · RSI 58 · price 61.237
Higher lows from 60.81; compressing 61.18–61.36 under London high.
London open lifted silver out of the 60.85–61.23 Asian chop to a 61.48 London high. The pullback held at 61.18, near the 50% fib of that leg, and price is now compressing between that pullback low and a 61.36 range top, with RSI(14) near 58. The digest has yields near 19-year highs capping bounces ahead of US data, and the 61.71 Asian high remains the upper reference.
Support: 61.184, 60.97, 60.812
Resistance: 61.36, 61.48, 61.712
What it said to watch
M15 close below the 61.18 pullback low exposes the 61.8% fib near 61.09 and the 60.97 breakout base
Break of the 61.36 range top and 61.48 London high reopens the 61.71 Asian high
Loss of 60.97 would put the 60.81 Asian low back in play and break the higher-low chain
ADP at 12:15 GMT and core PCE at 12:30 GMT could materially shift this read
08:17 UTC
Intraday recovery, stalling below London high · RSI 57 · price 61.281
Higher lows off asian low, capped under asian high.
Asia slid from the 61.712 asian high to the 60.812 asian low as yields and the dollar firmed, then carved higher lows at 60.849 and the 60.97 higher low. London open broke the 61.20s overnight cap to a 61.48 london high but was rejected. The pullback held the 61.184 swing low, near the 61.8% of the London leg, and price sits mid-range at 61.28 with RSI(14) neutral.
Support: 61.184, 60.97, 60.812
Resistance: 61.48, 61.712
What it said to watch
M15 close above the 61.48 london high reopens the 61.712 asian high
Loss of the 61.184 swing low exposes the 60.97 higher low and the higher-lows trendline
A break below the 60.812 asian low negates the overnight recovery structure
ADP 12:15 UTC and core PCE 12:30 UTC could materially shift this read; ATR ~180 pips is likely to expand
08:04 UTC
Sideways, recovering off Asian low · RSI 55 · price 61.277
Higher lows from 60.81 inside the 60.81–61.71 Asian range.
London open lifted silver off the 60.97 swing low to a 61.48 London high, where it met rejection, and the dip held a 61.18 pullback low. Price is back near the 50% fib of the 60.81–61.71 Asian range, with rising lows since the Asian low. Firm yields and USD kept the Asian high capped overnight.
Support: 61.184, 60.97, 60.812
Resistance: 61.48, 61.712
What it said to watch
M15 close below the 61.18 pullback low exposes the 60.97 swing low and the rising lows line
Acceptance above the 61.48 London high reopens the 61.71 Asian high
Loss of the 60.81 Asian low breaks the rising lows structure
ADP at 12:15 UTC and core PCE at 12:30 UTC could materially shift this read
07:47 UTC
Range, recovering off Asia lows · RSI 56 · price 61.225
Higher lows inside the 60.81–61.23 Asian range; London break higher rejected.
London open pushed silver out of the 60.81–61.23 Asian range to a 61.48 london high, retracing over 61.8% of the overnight drop from the 61.71 overnight hi, but the move was rejected and price is back at the range top. Asia lows have stepped higher (asia low 60.81, higher low 60.85, london base 60.97), with price above EMA20/50 and RSI(14) at 56. Supply near 61.71 fits the digest's yields-driven pressure on the metal.
Support: 60.97, 60.849, 60.812
Resistance: 61.48, 61.712
What it said to watch
M15 close above the 61.48 london high re-opens the 61.71 overnight hi
Loss of the 60.97 london base breaks the higher-low sequence and exposes the 60.85 higher low and 60.81 asia low
ADP (12:15 UTC) and Core PCE (12:30 UTC) could materially shift this read; ATR(14) is already ~180 pips before the data
Higher lows 60.81/60.85/60.97 inside the Asian range.
Silver has held a 60.81–61.71 Asian range. London open lifted it off the 60.97 swing low to 61.48, where the bar closed well off its high in a rejection, with RSI(14) near 64. Firm yields and a bid USD have capped rebounds, and price is now sitting mid-range.
Support: 60.97, 60.812
Resistance: 61.48, 61.712
What it said to watch
M15 close above the 61.48 london high opens a retest of the 61.712 asian high
Failure to hold the 60.97 swing low breaks the higher-low chain and exposes the 60.812 asian low
ADP 12:15 UTC and Core PCE 12:30 UTC could materially shift this read
07:17 UTC
Intraday recovery, pressing the Asian range top · RSI 67 · price 61.364
Higher low at 60.85 over the 60.81 session low; break above the 61.23 range top at London open.
London open lifted silver through the 61.20–61.23 range top to 61.37, right at the 61.8% fib of the Asian decline from the 61.71 session high to the 60.81 session low. RSI(14) sits near 67. Demand stepped in twice around 60.81/60.85 overnight along the rising lows, and 61.00 round number acted as the range pivot while yields and USD firmness capped rallies.
Support: 61.227, 61.00, 60.812
Resistance: 61.508, 61.712
What it said to watch
M15 close back below the 61.23 range top turns the London open move into a false break
Close above the 61.51 prior high opens the 61.71 session high and the 61.75 cap
Loss of 61.00 round number and the rising lows puts the 60.81 session low back in play
ADP 12:15 UTC and Core PCE 12:30 UTC could materially shift this read
07:04 UTC
Sideways after Asia-session fade, no directional follow-through · RSI 55 · price 61.188
60.81–61.32 range since 02:30 UTC, new session high tested and faded at London open.
Silver faded through Asia from the 61.71 asian high, the stalled bounce flagged in the macro read as yields and the USD stay firm, and has since ranged between 60.81 and 61.32. The final pre-London bar spiked to a new session high at 61.32 before slipping back to 61.19. That leaves price just above the 38.2% level of the asia decline fib, with RSI(14) neutral near 55.
Support: 61.00, 60.849, 60.812
Resistance: 61.318, 61.368, 61.712
What it said to watch
M15 close above the 61.32 session high puts the 61.8% fib at 61.37 and the 61.71 asian high back in play
Failure to hold the 61.00 round number and the 60.85 swing low exposes the 60.81 asian low range floor
ADP at 12:15 UTC and core PCE at 12:30 UTC could materially shift this read; ATR near 158 pips per bar
06:32 UTC
Pause after Asia sell-off, sideways · RSI 47 · price 61.04
Tight range 60.81–61.23 below 61.59 Asian high.
Silver slid from the 61.59 Asian high to 60.81 in early Asia as yields and the USD firmed. Since then it has compressed in a 60.81–61.23 range. The range low has held twice, and the range top is capping at the 50% retracement of the drop. RSI(14) sits near 47 and price is flat around EMA20 into London open.
Support: 60.85, 60.696, 60.543
Resistance: 61.227, 61.31, 61.587
What it said to watch
M15 close above the 61.23 range top (50% fib) exposes the 61.31 breakdown shelf and the 61.59 asian high
Failure to hold the 60.81–60.85 range low reopens the 60.70 prior low and the 60.54 day low
ADP at 12:15 UTC and core PCE at 12:30 UTC could materially shift this read
60.81–61.23 range after early-Asia sell-off; flat highs, lows holding.
Silver sold off from the 61.71 reopen high through early Asia as rising yields and a firm USD capped the bounce, then settled into a 60.81–61.23 range with a swing low at 60.93. Late in the Asia session, price is pressing the range top and the 38.2% retracement of that decline near 61.16, with RSI(14) neutral at 53 and both EMAs flat just under price.
Support: 60.93, 60.81, 60.70
Resistance: 61.23, 61.37, 61.71
What it said to watch
M15 close above the 61.23 range top opens the 50–61.8% fib zone at 61.26–61.37, then the 61.71 reopen high
Failure to hold the 60.93 swing low puts the 60.81 range low back in play; a break exposes Tuesday's 60.70 ny low
London open in under an hour could set the break direction of the Asian range
ADP at 12:15 UTC and core PCE at 12:30 UTC could materially shift this read
06:04 UTC
Pullback from session high stalled, range-bound near 61.00 · RSI 48 · price 61.099
Asian range 60.81–61.23, lower highs vs higher low, compressing.
Late Asia session: silver faded from the 61.71 session high set at the reopen and has compressed into a 60.81–61.23 range. The asian low held at the 61.8% of the rally fib from the 60.29 yday low. Lower highs off the range high against a higher low at 60.85 keep price pinned at the 50% fib near 61.00, with firm yields capping rebounds ahead of London open.
Support: 61.00, 60.812, 60.289
Resistance: 61.227, 61.508, 61.712
What it said to watch
M15 close above the 61.23 range high breaks the lower-highs line and opens 61.50 prior high, then 61.71 session high
Failure to hold the 60.81 asian low and the range lows line opens a retest of the 60.29 yday low
ADP at 12:15 UTC and core PCE at 12:30 UTC (f/c 3.3%) could materially shift this read
Asia session rejected the 61.712 Asian high and printed lower highs at 61.227 and 61.198. The 60.812 Asian low and 60.849 swing low are holding, and bounces have stalled at the 38.2–50% fib of the drop. Price sits just under EMA20 with RSI(14) neutral near 46, as firm yields and a bid USD capped the rebound off $60.30.
Support: 60.849, 60.812, 60.696
Resistance: 61.198, 61.401, 61.712
What it said to watch
M15 close below the 60.812 asian low breaks the range floor and exposes the 60.696 prior low
Close above the 61.198 lower high breaks the lower-highs line and reopens the 61.401 breakdown area
London open in ~1.5h, around 07:00 UTC, is the first test of the Asian range
ADP at 12:15 UTC and core PCE at 12:30 UTC could materially shift this read
05:17 UTC
Intraday downtrend, lower highs through Asia · RSI 43 · price 60.91
Lower-high chain from the 61.712 Asia high; lows compressing around 60.81–60.93, near the 61.8% fib.
The Asia open spiked to the 61.712 asia high, just shy of the $61.75 cap, and was rejected. Price has since carved lower highs under the trendline, the latest at 61.198, and slipped back below the 61.00 round number as firm yields and a bid USD cap silver. Late in the Asian session it sits at 60.91, just above the 60.812 asia low and the 61.8% retracement of yesterday's 60.289–61.712 move.
Support: 60.812, 60.696, 60.289
Resistance: 61.00, 61.198, 61.712
What it said to watch
M15 close below the 60.812 asia low extends the lower-low sequence toward the 60.696 ny swing low, then the 60.289 yday low
Reclaim of the 61.00 round number and a close above the 61.198 lower high breaks the lower-high trendline and neutralises the downtrend read
London open in under 2h is the first test of the Asian range (60.812–61.712)
ADP at 12:15 UTC and Core PCE at 12:30 UTC could materially shift this read
05:05 UTC
Sideways after Asia sell-off, momentum neutral · RSI 52 · price 61.125
Lower highs from the 61.71 asian high; compressing in a 60.81–61.23 range.
Asia opened with a rejection at the 61.71 asian high, and the slide ran to the 60.81 asian low as yields and a firm USD capped the rebound. Late in the Asia session silver is ranging between the 60.93 swing low and the 61.23 lower high, below the 50% retrace of the Asia drop. RSI(14) is near 52 and price sits on flat EMA20/EMA50 around 61.12, so no impulse is in play.
Support: 60.93, 60.81, 60.70
Resistance: 61.23, 61.71
What it said to watch
M15 close above the 61.23 lower high reclaims the 50% retrace of the Asia drop and opens the path toward the 61.71 asian high
Failure to hold the 60.93 swing low exposes the 60.81 asian low, then the 60.70 ny low from Tuesday
London open in ~2h may resolve the Asian range in either direction
ADP at 12:15 UTC and Core PCE at 12:30 UTC could materially shift this read
Asia selloff from 61.71, now a tight 60.93–61.14 box with lower highs.
Late in the Asia session, silver has unwound Tuesday's NY-hours rally, sliding from the 61.712 reopen spike to an asian low at 60.812 as firm yields and a bid USD kept pressure on. Price is now compressing below EMA20/50 in a 60.93–61.14 box, with a lower high at 61.14 capping under the 38.2% fib of the Asian decline.
Support: 60.932, 60.812, 60.696
Resistance: 61.14, 61.227
What it said to watch
M15 close above the 61.227 swing high breaks the lower-highs trendline and reopens the 50% fib near 61.26
Failure to hold the 60.932 swing low exposes the asian low at 60.812, then the ny low near 60.696
ADP at 12:15 UTC and core PCE at 12:30 UTC could materially shift this read
04:17 UTC
Intraday downtrend, lower highs through Asia · RSI 36 · price 60.997
Lower highs from the 61.712 Asian high, compressing near 61.00.
Late in the Asia session, silver has faded from the 61.712 Asian high in a lower-high chain. The 61.227 swing high stalled under the 50% level of the Asian drop fib, and a falling trendline now caps near 61.05. Price is pinned around 61.00, above the 60.932 swing low and 60.812 Asian low, with RSI(14) near 36 as high yields and a firm USD keep pressure on the metal.
Support: 60.932, 60.812, 60.696
Resistance: 61.14, 61.227, 61.712
What it said to watch
M15 close above the falling trendline and the 61.14 lower high breaks the Asian lower-high chain and brings the 61.227 swing high back into view
Failure to hold the 60.812 Asian low exposes the 60.696 NY low, where yesterday's JOLTS-miss spike fully unwound
London open break of the 60.812–61.712 Asian range defines the session direction
ADP at 12:15 UTC and Core PCE/GDP at 12:30 UTC could materially shift this read
04:04 UTC
Intraday downtrend, lower highs through Asia · RSI 36 · price 60.959
Lower highs off 61.712; compressing 60.81–61.23.
The Asia session reversed Tuesday's late rally from the 61.712 open high. Price has stepped down in lower highs at the 61.227 swing high and the 61.14 lower high, where the bounce off the 60.812 Asian low stalled near the 50% fib of the Asian drop. It now sits back below the 61.00 psych level and just above the 60.94 swing low, with firm yields and USD keeping rebounds shallow; RSI(14) is near 36 and ATR is about 138 pips.
Support: 60.94, 60.812, 60.696
Resistance: 61.00, 61.14, 61.227
What it said to watch
Failure to hold the 60.94 swing low and 60.812 Asian low confirms a lower-low and opens Tuesday's prior low at 60.696
An M15 close above the 61.14 lower high and 61.227 swing high breaks the descending trendline and the Asian drop fib 50% cap
Reclaiming 61.00 psych before London open would shift the read back to a range
ADP (12:15 UTC) and core PCE (12:30 UTC) could materially shift this read
03:47 UTC
Intraday downtrend, stalling in a tight range · RSI 41 · price 61.03
Lower highs off the 61.712 Asian high; 60.812 sweep reclaimed, now boxed 60.94–61.23.
Asia session unwound the late-NY rally from the 61.712 Asian high. It printed lower highs down to a 60.94 swing low as firm USD and yields near 19-year highs weighed. A wick through that low to the 60.812 Asian low was reclaimed, but the bounce stalled at the 61.227 swing high just under the 50% fib, leaving price mid-range below both EMAs with RSI(14) near 41.
Support: 60.94, 60.812, 60.696
Resistance: 61.227, 61.365, 61.712
What it said to watch
M15 close below the 60.94 swing low exposes the 60.812 Asian low, then the prior 60.696 NY low
Close above the 61.227 swing high breaks the lower-high chain and opens the 61.365 lower high
ADP at 12:15 UTC and Core PCE/GDP at 12:30 UTC could materially shift this read
Lower highs from the 61.712 Asia high; swept 60.812 low, now coiling 61.02–61.23.
Late Asia session: silver spiked to the 61.712 Asian high at the open, then printed lower highs and slid through the 61.00 round number to a sweep of 60.812, the Asian low, before closing back above the 60.94 swing low. Price is coiling at 61.12, just under the falling trendline and the 61.227 swing high, below both EMAs with RSI(14) near 41. Firm yields and the USD bid are keeping the pullback shallow.
Support: 61.00, 60.94, 60.812
Resistance: 61.227, 61.44, 61.712
What it said to watch
M15 close above the 61.227 swing high breaks the falling trendline and opens the 61.44 asian shelf
Failure to hold the 61.00 round number and the 60.94 swing low exposes the 60.812 asian low again
A reclaim of the 61.712 asian high would negate the intraday lower-high sequence
ADP at 12:15 UTC and Core PCE/GDP at 12:30 UTC could materially shift this read
Lower highs and lower lows through Asia, bounce capped at 61.227.
Late in the Asia session, silver has unwound the NY-hours rally. The open spike to the 61.712 asia high capped a lower-high sequence, the slide stalled on a 60.812 asian low wick, and the rebound was rejected at the 61.227 bounce high. Price is pinned just above the 61.00 round number and below both EMAs, with record-high yields and a firm USD weighing on metals into ADP and PCE.
Support: 61.00, 60.812, 60.696
Resistance: 61.227, 61.508, 61.712
What it said to watch
M15 close below the 60.812 asian low confirms a lower-low and exposes the 60.696 ny low
M15 close above the 61.227 bounce high and the asia downtrend line shifts focus to the 61.508 prior high
Repeated M15 closes below the 61.00 round number would extend the lower-low sequence
ADP at 12:15 UTC and Core PCE at 12:30 UTC could materially shift this read
Asia lower highs from 61.712, swing low 60.812, bounce capped at 61.227.
Asia session has unwound most of Tuesday's NY rally, which followed the soft JOLTS print. Price stepped down in lower highs from the 61.712 Asia high to a 60.812 swing low, and the bounce met rejection at the 61.227 bounce high, just under the 50% fib. Price sits below EMA20 and EMA50 with RSI(14) near 38, consistent with firm yields and USD capping follow-through.
Support: 60.812, 60.696
Resistance: 61.227, 61.40, 61.712
What it said to watch
M15 close above the 61.227 bounce high and the 50% fib near 61.26 challenges the lower-high sequence; 61.40 lower high is next
Failure to hold the 60.812 swing low exposes Tuesday's ny low at 60.696
Reclaim of the 61.712 asia high would negate the Asia downtrend read
ADP at 12:15 UTC and core PCE at 12:30 UTC could materially shift this read
Lower highs from 61.71 session high; lower-low at 60.81 rejected.
Asia session unwound Tuesday's late NY rally. Price broke the 61.44 range floor from the 61.71 session high and extended to a 60.81 session low, where a wick rejection lifted it back to 61.13. It now sits under the descending trendline and the fib 38.2%–50% band (61.16–61.26), with RSI(14) near 37 and a firm USD and yields backdrop keeping supply active.
Support: 60.94, 60.812, 60.696
Resistance: 61.262, 61.44, 61.712
What it said to watch
M15 close above the descending trendline and fib 50% at 61.26 breaks the lower-high sequence
Failure to hold the 60.94 swing low exposes the 60.81 session low, then the 60.70 ny low
Reclaim of the 61.44 range floor would neutralise the Asia breakdown and put the 61.71 session high back in view
London open in ~4h typically expands the Asian range
ADP (12:15 UTC) and Core PCE (12:30 UTC) later today could materially shift this read
Asia lower highs; late-NY rally fully unwound below 61.00.
The Asia session opened with a spike to the 61.712 session high that was rejected. Price then slid through the 61.00 round number to 60.89, the 78.6% fib of the 60.70–61.71 leg, with RSI(14) oversold near 24. Firm USD and yields near 19-year highs frame the slide, and the 60.70 swing low from the NY session is the next support.
Support: 60.70, 60.289
Resistance: 61.00, 61.139, 61.712
What it said to watch
M15 close back above 61.00 round number and the 61.139 lower high breaks the Asia downtrend line
Failure to hold the 60.70 swing low exposes the 60.289 multi-wk low
ADP (12:15 UTC) and Core PCE (12:30 UTC, f/c 3.3%) later today could materially shift this read
Session high at 61.712 marks the top of the rejection leg
02:17 UTC
Intraday downtrend, small bounce off Asian low · RSI 37 · price 61.071
Lower highs through Asia; 61.27 shelf broken, 60.94 holding.
The Asia session rejected the 61.712 spike at the open and has faded through a chain of lower highs. Price cracked the 61.27 shelf at 01:00 UTC and is holding the 60.94 asian low, near the 61.8% retrace of the NY rally, with RSI(14) near 37 and price below EMA20/EMA50. Firm yields and a bid USD remain the backdrop.
Support: 60.94, 60.70, 60.29
Resistance: 61.12, 61.27, 61.51
What it said to watch
Close back above the 61.27 shelf and the asia lower highs trendline invalidates the lower-high read
Rejection at the 61.12 lower high keeps the 60.94 asian low in play; a break exposes the 60.70 ny low, then the 60.29 swing low
Recovery through the 61.51 ny high reopens the 61.71 open spike
ADP at 12:15 UTC and Core PCE (f/c 3.3%) at 12:30 UTC could materially shift this read
Lower highs from 61.712 reopen high; early Asian range broken lower.
The Asia session has unwound the post-reopen spike to the 61.712 session high. A chain of lower highs broke the 61.44 asian low and ran to a 60.94 session low, with RSI(14) near 31, soft but not oversold. Firm yields and a bid USD keep the metal heavy into today's PCE data, and the bounce is so far shallow, under the 23.6% fib.
Support: 60.94, 60.70, 60.29
Resistance: 61.20, 61.44, 61.712
What it said to watch
M15 close above the lower highs trendline near 61.20 breaks the lower-high sequence
Recovery back above the 61.44 asian low negates the range break read
Failure to hold the 60.94 session low exposes the 60.70 ny low, then the 60.29 swing low
ADP 12:15 UTC and Core PCE 12:30 UTC (f/c 3.3%) could materially shift this read
Lower highs from the 61.712 Asia high; late-NY rally mostly retraced.
The Asia session rejected the 61.712 Asia high at the reopen and has printed lower highs since. Price is back below 61.00 psych at a 60.94 session low, near the 78.6% retrace of the 60.70–61.71 late-NY rally, with RSI(14) ~36. The digest ties the pressure to Treasury yields near 19-year highs and a firm USD.
Support: 60.94, 60.70, 60.289
Resistance: 61.00, 61.365, 61.712
What it said to watch
A break of the 60.94 session low exposes the 60.70 ny base that launched the late-NY rally
Failure to hold the 60.70 ny base leaves the 60.29 prior low (lowest since Aug 5) as the next reference
A reclaim of 61.00 psych and the lower-highs trendline near 61.24 would invalidate the Asia downtrend read, with the 61.365 lower high above
ADP at 12:15 UTC and Core PCE at 12:30 UTC (f/c 3.3%) today could materially shift this read
01:32 UTC
Intraday downtrend, early Asia session · RSI 33 · price 61.017
Lower highs from 61.712 session high; Asia base at 61.44 broken, price back at 61.00.
The Asia session rejected the 61.712 open spike and printed a run of lower highs. It then broke the 61.44 asia base and the 61.30 breakdown shelf to a 60.965 asia low, retracing about 69% of the 19:00 UTC rally as a firm USD and 5%+ yields weigh. Price is pivoting on the 61.00 round number with RSI(14) near 33, not yet oversold.
Support: 60.965, 60.70, 60.289
Resistance: 61.30, 61.44, 61.712
What it said to watch
Price held below the 61.30 breakdown keeps the lower-high sequence intact
Loss of the 60.965 asia low exposes the 60.70 swing low, then the 60.29 day low
Recovery above the 61.44 asia base breaks the lower-high trendline
US ADP (12:15 UTC) and Core PCE (12:30 UTC, f/c 3.3%) could materially shift this read
The late-NY rally off the 60.70 swing low carried silver to 61.59 into the rollover. Early Asia broke the 61.44 Asian low and the 61.30 broken shelf, and price is now at 61.07, testing the 61.8% retracement just above the 61.00 round number. Price sits below both EMAs with RSI(14) near 41 as the yield-driven, firm-USD backdrop weighs.
Support: 61.00, 60.80, 60.70
Resistance: 61.30, 61.44, 61.59
What it said to watch
M15 close below the 61.00 round number exposes the 60.80 ny base and the 60.70 swing low
Reclaim of the 61.30 broken shelf and the 61.44 asian low would neutralise the Asia breakdown; 61.59 asian high caps above
ADP (12:15 UTC) and Core PCE (12:30 UTC) later today could materially shift this read
01:05 UTC
Pullback within intraday uptrend · RSI 41 · price 61.311
Lower highs through Asia after the 61.71 spike; price testing the Asian low near the 38.2% retrace.
Late NY hours squeezed silver from 60.70 through the 61.00 cap to 61.44, in line with renewed US-Iran deal headlines, before the reopen spiked to 61.71. Asia has printed a string of lower highs, including the 61.59 lower high, and the 61.40 breakdown has taken price to the 61.25 Asian low. That sits at the 38.2% retrace of the rally, and price is now back below EMA20.
Support: 61.25, 61.21, 61.00
Resistance: 61.40, 61.59, 61.71
What it said to watch
M15 close below the 61.25 Asian low exposes the 50% fib at 61.21, then the 61.00 round number
Reclaim of the 61.40 breakdown level breaks the Asian lower-high sequence; the 61.59 lower high and 61.71 spike high sit above
ADP (12:15 UTC) and Core PCE (12:30 UTC, f/c 3.3%) could materially shift this read
Lower highs off the 61.712 reopen high; 61.44 range floor broken, price testing 38.2% of the 60.696–61.712 leg.
Silver faded its JOLTS spike to 60.696 but reclaimed the 61.00 psych level in late NY, running to a reopen high of 61.712 that was rejected. Early Asia has printed lower highs and broken the 61.44 range floor. Price sits at 61.34 on the 38.2% fib of the 60.696–61.712 leg, with RSI(14) neutral near 48 against a yield- and USD-heavy backdrop.
Support: 61.306, 61.204, 61.00
Resistance: 61.44, 61.587, 61.712
What it said to watch
M15 close below the 61.306 asia low exposes the fib 50% at 61.204, then the 61.00 psych level
Recovery through the 61.44 range floor and the 61.587 lower high would break the lower-high trendline and neutralise the pullback read
A close above the 61.712 reopen high resumes the higher-high chain
ADP at 12:15 UTC and Core PCE at 12:30 UTC (f/c 3.3%) could materially shift this read
00:32 UTC
Short-term uptrend, pulling back in Asia · RSI 57 · price 61.352
Late-NY breakout above 61.00; HH/HL chain off 60.70; early-Asia pullback from 61.71 spike high.
The late-NY rally broke the $61.00 round number, which the macro digest frames as the cap under yield and USD pressure, and ran to a 61.71 spike high at the daily open. That wick was rejected, and early Asia has slipped to a 61.31 session low, retesting the 38.2% fib of the 60.70–61.71 leg. Price is hugging the ema20 near 61.37 with RSI(14) at 57 and the 61.46 prior high capping.
Support: 61.311, 61.27, 61.00
Resistance: 61.456, 61.587, 61.712
What it said to watch
An M15 close below the 61.27 swing low breaks the HL chain and exposes the 61.8% fib near 61.08, with the 61.00 round number just below
A recovery through the 61.46 prior high and the 61.59 lower high puts the 61.71 spike high back in focus
US ADP (12:15 UTC) and Core PCE (12:30 UTC, f/c 3.3%) could materially shift this read; a hot print revives the yield pressure behind the $61.00 cap
Lower highs off 61.712 spike, Asian range low lost.
The Asia session opened with a spike to the 61.712 spike high that was rejected at once, and price has now slipped below the 61.44 Asian low after the late-NY rally from 60.70. Price is sitting just above the 61.27 pullback low and the 38.2% fib of that rally near 61.33, with RSI(14) near 46. The metal still trades above the $61 area the macro digest flags as a cap on recoveries.
Support: 61.27, 61.21, 61.00
Resistance: 61.44, 61.59, 61.712
What it said to watch
An M15 close back above the 61.44 Asian low puts price back inside the Asian range, with the 61.59 Asian high above
Failure to hold the 61.27 pullback low exposes the fib 50% at 61.21 and the 61.00 round number
Price retaking the 61.712 spike high would negate the rejection read
ADP at 12:15 UTC and Core PCE at 12:30 UTC Wednesday could materially shift this read
00:04 UTC
Uptrend, pausing after breakout · RSI 62 · price 61.508
Post-breakout consolidation above 61.00 in a tight early-Asia range.
Silver cleared the 61.00 cap on the 19:00 UTC bar, Waller's scheduled slot during NY hours. The move reversed the earlier post-JOLTS fade to 60.696 and ran to a 61.712 spike high at the reopen. Early Asia is now holding a 61.44–61.59 range, with RSI(14) near 62 and the fib 38.2 at 61.32 sitting on the post-breakout lows.
Support: 61.44, 61.324, 61.00
Resistance: 61.587, 61.712, 62.00
What it said to watch
M15 close below the 61.44 range low puts the fib 38.2 at 61.32 back in play
Failure to hold 61.00 reverses the breakout and reopens the 60.70 area
M15 close above the 61.59 range top and the 61.712 spike high extends the leg toward the broken supp at 62.00
ADP (12:15 UTC) and Core PCE (12:30 UTC, f/c 3.3%) Wednesday could materially shift this read