60.00–61.71 range; two-sided false break on Friday's NY session.
Silver rotated inside a 60.00–61.71 range all week. Both of the week's NY-session spikes, after Wednesday's PCE and Friday's NFP, were rejected sharply. The 29K payrolls miss lifted price to a 62.07 nfp high in the first hour of NY, before a firmer 10y yield reversed it to a 59.68 week low, briefly through the range floor. Price has since recovered to the 38.2% retrace of that NFP reversal near 60.58, below a flattening ema20 at 60.74, with RSI(14) back at 45.
Support: 60.03, 59.676
Resistance: 60.74, 61.71, 62.07
What it said to watch
H1 close back above the ema20 at 60.74 and the 50% retrace near 60.87 would return price to the range mid around 61.00
Failure to hold the range floor near 60.03 and a break of the 59.68 week low would turn Friday's false break into a lower-low
Range top at 61.71 and the 62.07 nfp high cap the upside; a close above would invalidate the range read
ISM Services PMI Mon 14:00 UTC (f/c 55.7, prices paid) could materially shift this read
60.00–61.71 range; false break above and sweep below on NFP.
Since Monday's crash, silver has rotated inside a 60.00–61.71 range, with the NY session driving the largest swings, including Wednesday's PCE spike that faded to 60.03. The NFP miss briefly lifted price to a 62.07 week high, a false break above the range top. Within three bars it reversed through the week's higher-low line to a 59.68 nfp low. Price has since recovered to 60.40, about 30% of the NFP reversal, and sits below the ema20 near 60.74 with RSI(14) near 45.
Support: 60.00, 59.676
Resistance: 60.74, 61.71, 62.07
What it said to watch
H1 close back above the ema20 near 60.74 and the 38.2% of the NFP reversal (60.59) would soften the post-NFP rejection read
Failure to hold the 60.00 round number into the weekly close re-exposes the 59.68 nfp low
Reclaiming the 61.71 range top and the 62.07 week high would turn Friday's false break into a range break
ISM Services PMI Mon 14:00 GMT (f/c 55.7, prices paid) could materially shift this read
Silver spent the week rotating inside a 60.00–61.71 range. Each session's push into 61.00–61.50 faded back toward the 60.00 psych level. The soft NFP and wage miss lifted price to a week high of 62.07 in the first hour of NY, but the NFP reversal erased it within three bars and broke through 60.00 to a 59.68 week low. That sequence is a false break above the range top followed by a sweep of the floor. Price is back near 60.18, below the EMA(20) at 60.76 with RSI(14) near 38. The 61.00 round number sits near the 61.8% retrace of the drop.
Support: 60.00, 59.676
Resistance: 60.76, 61.00, 61.712
What it said to watch
Hourly close below the 60.00 psych level and the 59.68 week low would turn the sweep into a range breakdown.
Recovery through the EMA(20) at 60.76 and the 61.00 round number would restore the range read, with the 61.71 range top still capping.
ISM Services PMI Mon Oct 5 14:00 UTC (f/c 55.7, prices paid and employment sub-indices) could materially shift this read after the weekend.
17:06 UTC
Range broken lower, momentum turning down · RSI 38 · price 60.145
60.00–61.70 week range lost after NFP spike-and-reversal; new week low 59.68.
Since Monday's slide, silver rotated inside a 60.00–61.70 range. Rallies capped along a slightly descending range top, and demand held the 60.00 psych area and Thursday's Asia-session thu low at 59.95. The NFP miss (29K vs 90K) spiked price to a 62.07 nfp high at the NY open, but that break of the range top failed within two bars. Price then sold through the floor to a 59.68 week low, a chart reaction at odds with the digest's dovish read. RSI(14) sits near 38 with price below both EMA(20) and EMA(50), and the bounce off the low is stalling well short of the 38.2% retracement of the NFP fib at 60.59.
Support: 60.00, 59.946, 59.676
Resistance: 60.80, 61.545, 62.07
What it said to watch
H1 close back above the 60.80 ema20 and 60.59 NFP fib 38.2% would put price back inside the range and weaken the range-break read
Failure to hold 60.00 psych and the 59.95 thu low exposes the 59.68 week low again
Reclaim of the 61.55 friday high is needed to neutralise the false break above the 62.07 nfp high
ISM Services PMI Mon Oct 5 14:00 UTC (f/c 55.7) could materially shift this read
16:05 UTC
Range broken lower after failed NFP spike · RSI 37 · price 59.856
Week-long 60.00–61.55 range broken lower; fresh week low at 59.68.
Silver spent the week rotating between ~60.00 and 61.55, with the 61.00 handle repeatedly lost after London and NY pushes. The NFP and wage miss at 12:30 UTC sparked a false break to a 62.07 nfp spike high. The move fully reversed through NY hours, cutting through the 59.95 prior low from Thursday's Asia session and printing a 59.68 week low. Price now sits below the ema20 near 60.86 with RSI(14) near 37, and the dovish data read is not showing up on this chart so far.
Support: 59.676
Resistance: 59.946, 60.86, 62.07
What it said to watch
Hourly close back above the 59.95 prior low would mark the range break as a false break
Ema20 near 60.86, which coincides with the 50% level of the nfp reversal fib, is the first area to watch for rejection or reclaim
Failure to hold the 59.68 week low extends the range break into fresh territory
A reclaim of the 62.07 nfp spike high would negate the reversal read
ISM Services PMI Mon Oct 5 14:00 UTC (f/c 55.7) could materially shift this read
Silver has rotated inside a 59.95–61.80 range since Monday afternoon. Lows have risen modestly from Thursday's 59.95 week low to Friday's 60.19, and supply has capped rallies near the range top. The 29K NFP miss and soft wages spiked price to a 62.07 week high early in the NY session. That break above the range top failed: the next hour erased the move back to the 60.72 nfp low, near the 61.8% fib, and price now sits below the ema20 near 61.05 and EMA(50).
Support: 60.72, 60.19, 59.95
Resistance: 61.05, 61.80, 62.07
What it said to watch
Hourly closes back above the 61.05 ema20 and 61.80 range top would revive the post-NFP upside read; another rejection there reinforces the range
Failure to hold the 60.72 nfp low and 61.8% fib exposes the friday low at 60.19 and the higher lows trendline
A close below the 59.95 week low would mark a range break lower
ISM Services PMI Mon Oct 5 14:00 UTC (f/c 55.7) could materially shift this read
14:06 UTC
Range-bound, firming since Thursday · RSI 60 · price 61.418
59.95–61.80 range with higher lows; NFP spike above range top faded.
Silver has rotated inside a 59.95–61.80 range since Monday. The week low came early Thursday in Asia, followed by higher lows at 60.19 and 60.74, and Friday's London session cleared the lower-highs line running down from Tuesday. The 29K NFP miss drove a spike to the 62.07 nfp high around the NY open, but neither post-release hour closed above the 61.80 range top. Price has eased back to 61.42, still above EMA(20) near 61.14, with RSI(14) near 60 and ATR expanded to about 460 pips.
Support: 61.14, 60.74, 59.95
Resistance: 61.80, 62.07
What it said to watch
H1 close above the 61.80 range top would turn the NFP spike into a range break, with the 62.07 nfp high next
Loss of EMA(20) at 61.14 and the 38.2% fib near 61.26 puts the 60.74 higher low back in focus
A break below 60.74, then the 59.95 week low, would end the higher-lows sequence and reopen the range floor
ISM Services Mon 14:00 UTC (f/c 55.7) and Fed speakers Tue could revive hike pricing and shift this read
13:05 UTC
Range break higher, momentum building · RSI 68 · price 61.83
60.00–61.80 range broken on NFP; higher lows since Thursday.
Silver rotated inside a 60.00–61.80 range from Monday through Thursday. The range top capped Monday's NY-session high and Wednesday's attempts, and the week low printed at 59.95 in Thursday's Asia session. Friday's 12:30 UTC payrolls miss (29K vs 90K, wages 0.1% m/m) drove a 1.26-dollar NY-open bar to an NFP high at 62.05, completing a 60.19–62.05 impulse; price now holds just above the range top, with RSI(14) near 68, EMA(20) rising beneath at 61.15 and higher lows from 59.95 and 60.19 underpinning the move.
Support: 61.80, 61.15, 59.95
Resistance: 62.05
What it said to watch
H1 close back below the 61.80 range top would mark the NFP move as a false break
Clearance of the 62.05 nfp high extends the breakout; a stall there leaves the move resting on a single spike bar
Loss of ema20 near 61.15 (also the 50% of the nfp impulse) and the higher lows trendline would return price to the range
ISM Services Mon Oct 5 14:00 UTC (f/c 55.7) could materially shift this read; Factory Orders today is minor
59.95–61.80 range, lower highs converging on higher lows.
Silver has held a 59.95–61.80 range since Monday's session. A lower-highs line from the range top capped Wednesday's NY spike to 61.56 and this morning's London push to the 61.55 session high. Thursday's Asia-hours dip below 60.00 was a false break that reversed quickly, and the overnight Asia low at 60.19 kept a higher-lows sequence intact as Treasury yields eased into NFP. Price now sits just under EMA(20) near 61.00 with RSI(14) flat near 50, inside the 50–61.8% zone of the Monday-to-Thursday drop.
Support: 60.74, 60.19, 59.95
Resistance: 61.00, 61.55, 61.80
What it said to watch
US NFP and wages at 12:30 GMT could materially shift this read; a hot print puts the 60.19 asia low and 59.95 range low back in play
H1 close below the 60.74 london low shifts focus to the higher-lows line near 60.20
H1 close above the 61.55 session high and the lower-highs line puts the 61.80 range top in focus
Close below the 59.95 range low would break the range to the downside
Failure to reclaim ema20 around 61.00 keeps price pinned mid-range
59.95–61.80 range compressing between lower highs and higher lows.
Silver has held a 59.95–61.80 range since Monday's slide from the week high. Highs have stepped lower: the soft-PCE spike to 61.56 on Wednesday met rejection in the NY session, and today's London push stalled at the 61.55 Friday high. The lows are rising, from Thursday's Asia dip to the 59.95 week low to today's 60.19 Asia low, as 10y yields pulled back. Price is back on EMA(20) near 61.00 with RSI(14) flat around 51, sitting just above the London low at 60.74, which lines up with the 61.8% retracement of today's swing.
Support: 60.74, 60.19, 59.946
Resistance: 61.545, 61.803
What it said to watch
US NFP and wages at 12:30 GMT can break the compression either way; a hot print re-pricing hike odds would test the asia low at 60.19
H1 close below the 60.74 london low and 61.8% fib exposes 60.19, then the 59.95 week low
H1 close above the 61.55 friday high breaks the lower-highs trendline and opens the 61.80 week high
Loss of the higher-lows trendline confirms the range is resolving lower
Lower highs vs higher lows inside a 59.95–61.80 week range.
Silver has chopped inside a 59.95–61.80 week range since Monday's collapse. Highs have stepped lower from the 61.80 week high to the 61.55 Friday high, while lows have lifted from the 59.95 week low on Thursday to the 60.19 Friday low, so the range is contracting. Demand stepped in after the Asia-session dip to the Friday low as US 10y yields eased from 5.34%, and price is back above a flattening EMA(20) and EMA(50) near the 61.00 pivot, around the 61.8% retrace of the week range, with RSI(14) in the mid-50s. NY sessions have faded rallies all week, including Wednesday's post-PCE spike to 61.56.
Support: 61.00, 60.193, 59.946
Resistance: 61.545, 61.803
What it said to watch
US NFP at 12:30 GMT (f/c 90K) and AHE (f/c 0.3% m/m) could break the contracting range in either direction
H1 close above the 61.55 friday high and the lower-high trendline opens a test of the 61.80 week high
Loss of the 61.00 pivot puts the 60.19 friday low and the higher-low trendline back in play
H1 close below the 59.95 week low ends the range read and resumes the downtrend
Contracting range: lower highs from 61.80, higher lows from 59.95.
Silver has rotated inside a 59.95–61.80 range since Monday. Lower highs at 61.80, 61.71 and 61.55 and higher lows at the 59.95 week low and the 60.19 Friday low are compressing the structure, and each Asia-session recovery has been sold during London and NY hours. Friday's bounce off 60.19 tracked 10Y yields easing toward 5.25% but met rejection at the lower highs line near 61.55 in early London. Price is now back at EMA(20) near 60.95, close to the 38.2% retracement of the Friday bounce, with RSI(14) around 54.
Support: 60.95, 60.19, 59.95
Resistance: 61.55, 61.80
What it said to watch
US NFP at 12:30 GMT (~3.5h; f/c 90K, AHE 0.3% m/m) could materially shift this read; a hot wage print fits the pattern of rallies being sold
An H1 close above the lower highs line near 61.55, then the 61.80 week high, breaks the contraction and the cap that held all week
A sustained break of EMA(20) near 60.95 exposes the 61.8% retracement of the Friday bounce at 60.71, then the 60.19 Friday low
An H1 close below the 59.95 week low breaks the higher-low sequence and the 60.00 handle
08:05 UTC
Range-bound after Monday's slide, rebound testing the highs · RSI 58 · price 61.234
59.95–61.71 range since Tue; lower highs vs higher lows, tightening.
After Monday's slide from the 62.03 window high, silver has held a 59.95–61.71 range since Tuesday. Lower highs come off Wednesday's range top and higher lows come off Thursday's range low, so the structure is tightening. Every NY-session rally this week has faded below 61.75, including the PCE spike to 61.56. In today's Asia session price dipped to a 60.19 Asia low on oil-driven inflation worries, then rebounded to a 61.46 session high as 10y yields eased. It now holds above the ema20 near 60.95 and the 61.8% retracement at 61.04, with RSI(14) near 58.
Support: 60.95, 60.19, 59.95
Resistance: 61.46, 61.71, 62.03
What it said to watch
US NFP, unemployment and AHE at 12:30 UTC (~4.5h) could materially shift this read
Rejection at the 61.46 session high keeps the lower-highs sequence intact
H1 close above the 61.71 range top breaks the lower highs and opens the 62.03 window high
Failure to hold the ema20 near 60.95 returns focus to the 60.19 Asia low and the higher-lows line
H1 close below the 59.95 range low ends the range read
07:05 UTC
Range after Monday's drop, lower highs since Wednesday · RSI 55 · price 61.06
59.95–61.71 range; lower highs against higher lows, compressing.
Monday's slide from the 62.12 week high gave way to a 59.95–61.71 range. The Wednesday high has capped price since, and lower highs are now pressing against higher lows that formed after Thursday's brief false break of $60 to the 59.95 week low. Price rebounded from the 60.19 Friday low during the Asia session as US 10y yields eased, retaking EMA(20) near 60.92 and EMA(50). It now sits at the 50% retracement of the Monday drop near 61.03, with RSI(14) around 55.
Support: 60.92, 60.19, 59.95
Resistance: 61.46, 61.71, 62.12
What it said to watch
H1 close above the 61.46 Friday high and the lower-highs line opens the 61.71 Wed high, with the 62.12 week high above that
Loss of EMA(20) near 60.92 and then the 60.19 Friday low breaks the higher-lows line and puts the 59.95 week low back in focus
US September NFP at 12:30 GMT (~5.5h, f/c 90K, AHE 0.3% m/m) could materially shift this read through yields
Failure to hold above the Monday drop fib 50% near 61.03 keeps the range-midpoint chop intact
Lower highs from 62.12; higher low at 60.19 inside a contracting 59.95–61.71 range.
Each bounce since Monday's 62.12 week high has topped lower. Wednesday's soft-PCE spike to 61.56 was sold to 60.03 during NY hours, and Thursday's 59.95 week low has since held. Demand stepped in at the 60.19 asia low on Friday, forming a higher low and lifting price back above the ema20 (~60.92) as yields eased. Price now sits between the 61.8% and 78.6% retracement of the Wed high–week low leg, with RSI(14) near 59 and the descending line off the 61.71 wed high pressing just above the 61.41 thu high.
Support: 60.92, 60.19, 59.95
Resistance: 61.41, 61.71, 62.12
What it said to watch
H1 close above the 61.41 thu high and the descending line breaks the lower-high sequence, putting the 61.71 wed high back in focus
Failure to hold the 60.19 asia low breaks the rising support line and exposes the 59.95 week low
Holding above the ema20 near 60.92 through London keeps the Asia-session bounce structure intact
US NFP at 12:30 GMT (f/c 90K) plus AHE and the unemployment rate could materially shift this read
Contracting range: lower highs from 61.71, higher low at 60.19 above the 59.95 week low.
Since Monday's slide from 62.57, XAG has compressed between the 59.95 week low and the 61.71 range top. Each NY session has faded rallies: Wednesday's PCE-hour spike to 61.56 reversed to 60.03, and Thursday's prior high at 61.41 capped a recovery as 10y yields near 5.3% outweighed the soft PCE read. Thursday's Asia dip under 60.00 was a false break, and Friday's higher Asia low at 60.19 has lifted price back above a flat EMA(20) near 60.89, into the 50% retrace of Monday's drop with RSI(14) near 57.
Support: 60.89, 60.19, 59.95
Resistance: 61.41, 61.71
What it said to watch
H1 close above the 61.41 prior high and the lower highs line breaks the contraction and exposes the 61.71 range top
Slip back below the ema20 at 60.89 returns focus to the 60.19 asia low and the higher lows line
Failure to hold the 59.95 week low resumes the post-Monday downtrend
US September NFP at 12:30 UTC (15:30 broker) could materially shift this read in either direction
Monday's flush from 63.05 set the week's tone. Since Wednesday XAG has rotated inside a 60.00–61.60 range, printing lower highs from the 61.56 pce high as rising yields absorbed the soft-PCE bounce. Thursday's Asia dip to the 59.95 week low was a false break below $60, and Friday's Asia slide to the 60.19 asia low has been reversed back above the ema20. Price is now testing the lower-high trendline near the 61.17 session high, which coincides with the 38.2% fib of the Monday–Thursday drop, and RSI(14) near 53 shows neutral momentum heading into NFP.
Support: 60.85, 60.193, 59.946
Resistance: 61.174, 61.413, 61.562
What it said to watch
H1 close above the 61.17 session high and the lower-high trendline opens the 61.41 thu high, then the 61.56 pce high near the 50% fib
Loss of the ema20 near 60.85 returns focus to the 60.19 asia low and the rising-lows line
Break below the 59.95 week low would turn Thursday's false break into a fresh lower-low
US NFP at 12:30 UTC (f/c 90K, AHE 0.3% m/m) could materially shift this read
Monday's slide from 63.72 to 60.74 set the week's tone. Since then price has compressed into a 59.95–61.71 band, with each rebound capped lower along the lower-highs trendline: the wed high at 61.71, then 61.41 on Thursday, then a lower high at 61.17 in Friday's Asian session, while the week low near 60.00 held. Thursday's bounce stalled at the 38.2% fib of Monday's drop as hawkish Fedspeak and a hot ISM prices-paid print outweighed the soft PCE, and NY hours sold it back toward 60.30. Price now sits on a flat EMA(20)/EMA(50) cluster near 60.80 with RSI(14) in the high-40s after rebounding from the 60.19 asia low.
Support: 60.193, 59.946
Resistance: 61.173, 61.413, 61.712
What it said to watch
H1 close below the 60.19 asia low exposes the 59.95 week low and the 60.00 psych floor, a break of which extends the downtrend
Hourly close above the lower high at 61.17 and the lower-highs trendline (~61.20) breaks the descending sequence; the 38.2% fib at 61.41 and the wed high at 61.71 sit next
US September NFP at 12:30 GMT (~9.5h) could materially shift this read; prices paid and wage data are the swing factor for the 60.00 floor
Lower highs since Tuesday into a flat 60.00 floor.
Monday's slide from 63.85 set the week's tone. Since then silver has rotated in a 60.00–61.70 band with a lower-highs sequence every day, as 10y yields near 5.3% outweighed the softer PCE. Thursday's Asia dip to the 59.95 week low was a false break that reversed, but the rebound stalled at the fib 38.2 (61.41) of Monday's drop. Today's Asia session faded from the 61.17 double cap back to a 60.19 session low, leaving price below a flattening ema20 with RSI(14) in the high 30s.
Support: 60.19, 59.95
Resistance: 60.75, 61.17, 61.41
What it said to watch
US NFP and wages at 12:30 UTC today could materially shift this read; a strong print puts the 59.95 week low in focus
An H1 close below the 59.95 week low and 60.00 would confirm a lower-low and end the false-break read
Reclaiming the ema20 near 60.75 and then the 61.17 double cap would break the lower-highs sequence
A close above the fib 38.2 at 61.41 would mark the first higher high since Monday's drop
00:05 UTC
Downtrend, basing in a post-crash range · RSI 56 · price 61.117
59.95–61.80 range; lower highs vs higher lows compressing.
Monday's Asia-to-London collapse from the 64.01 weekly open, on stalled US-Iran talks lifting oil and yields, has given way to a 59.95–61.80 consolidation. Every rally since has been capped by a line of lower highs now near 61.23, including Wednesday's soft-PCE spike to 61.56 (just above the 38.2% fib of the week's drop). Thursday's Asia dip under $60 to the 59.95 week low was a false break, and the higher lows at the 60.30 Thursday lows held through the hot ISM prices-paid print, leaving price compressed in a pennant-like shape just above EMA(20) near 60.92 with RSI(14) mid-cycle around 56.
Support: 60.92, 60.30, 59.946
Resistance: 61.413, 61.803, 62.00
What it said to watch
H1 close above the lower-highs line and Thursday's 61.41 high breaks the compression; the 61.53 fib level and Monday's 61.80 high sit directly above
62.00 ex-support, which coincides with the 50% fib of the week's drop, is the level that would challenge the post-Monday downtrend structure
Loss of EMA(20) and the higher-lows line, then the 60.30 Thursday lows, would put the 59.95 week low and the $60 handle back in play
US NFP Fri 12:30 UTC (f/c 90K, AHE 0.3% MoM) is the likely catalyst to resolve the compression; a strong print rebuilding October hike odds pressures the week low