Lower highs and lower lows since Wednesday's 54.605 week high.
Silver topped at the 54.605 week high late Wednesday, then cascaded through the old 52.60 floor on Thursday. On Friday it broke the 51.09 breakdown shelf from London open and accelerated below psych $50 during NY hours, a liquidation the digest ties to hawkish Fed pricing and cross-asset de-risking. The last bars show a small bounce off the 48.851 week low that stalled at a 49.383 bounce high, with price still under EMA(20) near $50 and RSI(14) pinned below 30.
Support: 48.851
Resistance: 49.383, 51.09
What it said to watch
An H1 close back above psych $50, where EMA(20) also sits, breaks the Friday lower-highs sequence
Acceptance below the 48.851 week low extends the lower-low structure into Monday
A move through the 49.383 bounce high is the first sign the oversold stretch is unwinding
51.09 breakdown shelf as overhead resistance on any recovery toward the 38.2% fib
ISM Manufacturing PMI Mon 15:00 UTC and Goolsbee at 16:15 could materially shift this read
Monday open gap risk on crypto-led de-risking after the Binance breach headlines
22:10 UTC
Downtrend, accelerating into Friday close · RSI 28 · price 49.118
Unbroken lower highs and lower lows since Wednesday's 54.605 post-Fed high.
Silver has printed a clean sequence of lower highs since Wednesday's post-Fed spike to 54.605. It cut through Tuesday's 52.657 low, the prior floor, during Thursday's London and NY sessions, then broke the 50.00 round number in Friday's NY hours to a 48.851 week low. Price sits below both EMAs with RSI(14) near 28, oversold after the hawkish-Fed, risk-off liquidation the digest describes, and the late-Friday bounce stalled under 49.40.
Support: 48.851
Resistance: 50.00, 51.049, 52.657
What it said to watch
An hourly close back above the 50.00 round number would be the first reclaim of broken structure
Failure to hold the 48.851 week low extends the lower-low sequence
The 38.2% fib of the post-Fed drop at 51.049, the lower highs trendline and the 52.657 prior floor sit overhead on any oversold bounce
ISM Manufacturing Mon 15:00 UTC (f/c 54.7, Prices Paid 77.5) and Goolsbee at 16:15 could materially shift this read
Crypto-driven de-risking at Monday's open raises gap risk against Friday's 49.118 close
Lower highs/lower lows since Wednesday's 54.605 week high.
Silver has carved a steady run of lower highs from Wednesday's 54.605 week high. It sliced through the 52.60–52.67 former floor in Thursday's NY session, then broke the $50 psych level during Friday NY hours as hawkish-Fed pricing and cross-asset de-risking dominated. The week closed near 49.12, below both EMAs, with RSI(14) near 28; a late bounce off the 48.851 week low stalled at the 49.38 late high.
Support: 48.851
Resistance: 49.383, 50.941
What it said to watch
H1 close back above the late high at 49.383 and then the $50 psych level (23.6% fib ~50.21) would mark the first reclaim of broken structure
Failure to hold the 48.851 week low extends the lower-low sequence
The lower-high trendline from Thursday projects near 50.3 into Monday; a break above it plus the 50.941 lower high would turn the read corrective rather than impulsive
ISM Manufacturing Mon 15:00 UTC (f/c 54.7, Prices Paid f/c 77.5) and Goolsbee at 16:15 could materially shift this read
Monday open gap risk if weekend crypto-breach headlines feed renewed de-risking