Lower highs from 62.022 since the London peak, compressing above the 60.803 NY low.
Monday's London rally from the 60.59 asian low topped at 62.022. NY then faded it as yields and the USD firmed, and the bounce off the 60.803 ny low stalled at the 61.292 swing high, extending the lower-highs sequence. Early Asia Tuesday is grinding at the bottom of a 60.97–61.14 range, back below the 61.00 round number and capped at the session high near the 61.8% retracement. RSI(14) is around 38.
Support: 60.803, 60.59
Resistance: 61.00, 61.139, 61.292
What it said to watch
M15 close below the 60.803 ny low confirms a lower-low and exposes the 60.59 asian low
Reclaim of the 61.00 round number and the 61.139 session high puts the 61.292 swing high and the lower-highs trendline back in play
Fed's Williams (13:05 GMT) and Bowman (14:45 GMT) later Tuesday, with FOMC Minutes Wed, could reprice yields and shift this read
23:32 UTC
Downtrend from 62.02, flattening · RSI 41 · price 61.037
Lower highs, compressing above 60.80.
The London session high at 62.02 faded hard from the first hour of NY as US yields and the dollar firmed. The 61.29 swing high stalled near the 38.2% fib of that drop, and the early Asia session is boxed in a narrow 60.99 session low to 61.14 session high range, with RSI(14) near 41.
Support: 60.994, 60.803
Resistance: 61.139, 61.292
What it said to watch
M15 close below the 60.99 session low exposes the 60.80 ny low
Close above the 61.14 session high, then the 61.29 swing high, breaks the lower-high sequence and the 38.2% fib cap
Fed's Williams (13:05 GMT) and Bowman (14:45 GMT) on Tuesday could shift this read once NY trades
Lower highs from 62.02 London high, holding above 60.80 NY low.
Silver faded from the 62.02 London high through NY as yields and ISM prices paid at 74 lifted USD. After the 61.42 ism spike was sold, price printed a 60.80 NY low, and the late bounce stalled at 61.29. That lower high sits near the 38.2% fib. Early Asia is drifting in a thin range below the 61.14 reopen high and pressing the 61.00 round number, with RSI(14) near 38.
Support: 61.004, 60.803
Resistance: 61.139, 61.292, 61.418
What it said to watch
M15 close below the 61.00 round number exposes the 60.80 ny low
Close above the 61.29 lower high and the 61.42 ism spike breaks the lower-high sequence
Hold above the 61.14 reopen high would shift early Asia from drift to recovery
Fed's Williams (13:05 GMT) and Bowman (14:45 GMT) on Tuesday could materially shift this read
23:05 UTC
Intraday downtrend from day high, now flat · RSI 45 · price 61.062
Lower highs since 62.02; tight Asia box 61.00–61.14.
Monday's London push to the 62.02 day high faded through NY as yields and the dollar firmed after ISM prices paid hit 74, bottoming at the 60.80 NY low. The rebound was rejected at the 61.29 swing high near the 38.2% fib, and the early Asia session is compressing between the 61.00 round number and the 61.14 Asia high, just below EMA20/50.
Support: 61.00, 60.80
Resistance: 61.14, 61.29, 62.02
What it said to watch
M15 close above the 61.14 Asia high reopens the 61.29 swing high / 38.2% fib
Loss of the 61.00 round number exposes the 60.80 NY low
Reclaim of 61.29 shifts focus back to the 62.02 day high
Fed's Williams (13:05 GMT) and Bowman (14:45 GMT) Tue, then FOMC Minutes Wed 18:00 GMT, could materially shift this read
22:48 UTC
Down from the 62.022 high, now flat · RSI 52 · price 61.116
Lower highs and lower lows since the London peak; tight Asia coil above 61.00.
Monday's Asia-London rally on post-NFP Fed repricing hit a 62.022 day high and was rejected. Through NY, firmer yields, the USD bid and ISM prices paid at 74 drove a run of lower highs down to the 60.803 ny low. Early Tuesday Asia is compressing in a 61.04–61.14 band just above 61.00 psych and below the 61.292 lower high.
Support: 61.00, 60.803, 60.59
Resistance: 61.292, 61.418, 62.022
What it said to watch
An M15 close above the 61.292 lower high breaks the descending highs line, with the 61.418 fib 50% retrace next
Loss of 61.00 psych reopens the 60.803 ny low, with the 60.59 monday low below
Fed's Williams (13:05 GMT) and Bowman (14:45 GMT) on Tuesday could shift this read ahead of Wednesday's FOMC Minutes
Lower highs since the 62.02 day high; early-Asia range holding above 61.00.
The Asia-to-London rally was rejected at the 62.02 day high, and the selloff accelerated into NY as yields and the dollar firmed after ISM prices paid printed 74, bottoming at the 60.80 NY low. The late-NY bounce stalled at a 61.29 lower high, near the 38.2% fib, and early Asia is compressing just above the 61.00 round number with RSI(14) ~52.
Support: 61.00, 60.803, 60.59
Resistance: 61.292, 61.418, 62.022
What it said to watch
M15 close above the 61.29 lower high breaks the lower-highs line; the 61.42 ism spike high is next
Loss of the 61.00 round number exposes the 60.80 NY low, then the 60.59 asian low
A move back toward the 62.02 day high would need clearance of the 61.42 ism spike first
Tue ADP 4-wk avg (12:15 GMT) and Fed's Williams/Bowman are the next scheduled catalysts
22:17 UTC
Intraday downtrend from 62.02, now compressing · RSI 51 · price 61.072
Lower highs since the London peak; tight 61.00–61.11 coil at Asia open.
London broke the 61.66 asian high and ran to 62.02. The NY session reversed the move as yields and the dollar firmed on the 74 ISM prices-paid print, with a slide to the 60.80 ny low. The rebound was rejected at the 61.29 swing high, near the 38.2% fib of the 62.02–60.80 drop and under the lower-high trendline, and price is now coiling just above the 61.00 round number into the Asia session.
Support: 61.00, 60.803
Resistance: 61.292, 61.656
What it said to watch
M15 close below the 61.00 round number exposes the 60.80 ny low
Close above the 61.29 swing high breaks the lower-high trendline sequence; the 61.66 asian high sits above
ADP 12:15 GMT, Fed's Williams 13:05 and Bowman 14:45 Tue, then FOMC Minutes Wed, could reprice yields and shift this read
22:05 UTC
Intraday downtrend from 62.02 day high, bounce stalling · RSI 56 · price 61.091
Lower highs since London rejection; price back inside the Asian range.
London extended above the 61.66 Asian high to a 62.02 day high, then rejected hard. NY sold back inside the Asian range to a 60.80 NY low as yields and DXY firmed on ISM prices paid at 74. The late bounce stalled at the 61.29 swing high, keeping the lower highs intact, and price is idling near 61.05–61.10 at the new-day open, around the 23.6% fib of the fade and just above 61.00 psych.
Support: 61.00, 60.803, 60.59
Resistance: 61.292, 61.656, 62.022
What it said to watch
M15 close above the 61.29 swing high breaks the lower-highs line and puts the 61.66 Asian high back in play
Failure to hold 61.00 psych exposes the 60.80 NY low, then the 60.59 Asian low
Thin rollover liquidity: Asia session ranges may stay compressed until London
ADP 12:15 GMT and Fed's Williams/Bowman later Tuesday could materially shift this read
21:47 UTC
Intraday downtrend from London high, now flattening · RSI 51 · price 61.052
Lower highs since 62.022; late-NY compression between 61.004 and 61.292.
London broke the asian high at 61.656 and printed a 62.022 session high. NY then unwound the move as USD and yields firmed and ISM prices paid at 74 capped the rally, while the asian low at 60.803 held on the 17:30 probe. The late-NY bounce stalled at 61.292 near the 38.2% fib, and price is now compressing just above the 61.004 swing low, with RSI(14) neutral near 50 and still below the lower-highs trendline.
Support: 61.004, 60.803
Resistance: 61.292, 61.656, 62.022
What it said to watch
Close below the 61.004 swing low reopens the asian low at 60.803; a break there extends the lower-low sequence
Close above 61.292 (38.2% fib) and the lower-highs trendline puts the asian high at 61.656 back in play
Asia session likely to keep the range tight until ADP (12:15 UTC), Williams (13:05) and Bowman (14:45), which could shift the read
Reclaim of the 62.022 session high would negate the NY rejection
Lower highs since the 62.02 session high; tight 61.00–61.11 range into the Asia handover.
Rejection at the 62.02 session high gave way to a sharp drop on the ISM release, as prices paid at 74 and a firmer USD drove a lower-high sequence down to the 60.80 session low. The late-NY bounce stalled at the 38.2% fib near 61.29, and price is now compressing just above the 61.00 round number, below EMA20 and EMA50, with ATR easing.
Support: 61.004, 60.803
Resistance: 61.292, 61.418, 62.022
What it said to watch
M15 close above 61.29 (38.2% fib and lower highs line) breaks the lower-high sequence and puts the 61.42 lower high back in play
Failure to hold the 61.00 round number exposes the 60.80 session low, which also matches the Asia pullback low
Thin Asia session liquidity can keep price boxed in the 61.00–61.11 range
Williams (13:05 UTC) and Bowman (14:45 UTC) on Tue could reprice Fed hike odds and break this range
21:18 UTC
Intraday downtrend from the London high, now flat · RSI 48 · price 61.052
Lower high at 61.29 after the 60.80 low; tight compression near 61.05.
London broke the Asian range high at 61.66 and reached the 62.02 london high, where it was rejected. NY sold off into and after the 14:00 UTC ISM release, when the ism spike to 61.42 faded as prices paid hit 74, and found a low at 60.80 that matched the late-Asia low. The bounce stalled at the 61.29 swing high near the 38.2% fib, and price is now compressing around 61.05, just under EMA20, with RSI(14) neutral at 48.
Support: 61.00, 60.803
Resistance: 61.292, 61.418, 62.022
What it said to watch
Failure to hold the 61.00 round number exposes the 60.80 ny low again
M15 close above the 61.29 swing high (38.2% fib) reopens the 61.42 ism spike and the 62.02 london high
Tuesday's ADP (12:15 UTC), Williams (13:05) and Bowman (14:45) could break the compression
21:09 UTC
Intraday downtrend from 62.02, now stalling · RSI 53 · price 61.052
Lower highs since the 62.02 London high; 60.80–61.29 range into late NY.
London broke above the Asian high at 61.66 to peak at 62.02. NY then reversed the whole move as yields and the USD firmed. The slide ran through the ISM spike high at 61.42, with prices paid at 74 capping the rally, and based at the 60.80 session low. The bounce stalled at the 61.29 swing high near the 38.2% retrace, and price is now compressing just above the 61.00 round number, below both EMAs, in the late-NY lull.
Support: 61.00, 60.803, 60.59
Resistance: 61.292, 61.418, 61.656
What it said to watch
M15 close above the 61.29 swing high and the lower-high trendline breaks the lower-high sequence; the 61.42 ISM spike high and the 50% retrace sit next
Loss of the 61.00 round number exposes the 60.80 session low, then the 60.59 Asian low
Asian high at 61.66 is the upper reference if the range resolves higher
ADP (12:15 UTC), Williams (13:05) and Bowman (14:45) Tuesday could materially shift this read
Lower highs from 62.022, compressing 61.00–61.29 inside the Asian range.
London ran to a 62.022 session high. The NY open sold through 61.677 and back inside the Asian range, reaching a 60.803 NY low as the USD and yields firmed and ISM prices paid at 74 capped the bounce. The late-NY rebound stalled at the 61.292 swing high near the 38.2% fib, and price is now compressing just above the 61.00 round number, below the ema20, with RSI(14) near 51.
Support: 61.00, 60.803, 60.59
Resistance: 61.292, 61.677, 62.022
What it said to watch
A close below the 61.00 round number exposes the 60.803 NY low; a break there brings the 60.59 Asian low into view
A close above the 61.292 swing high breaks the lower-highs line and puts the 61.677 NY open level back in play
Asia session open in ~1h sets the next range in thin conditions; Fed's Williams (13:05 UTC) and Bowman (14:45 UTC) on Tue could materially shift this read
Lower highs below the 62.022 session high; late-NY range 60.80–61.29 inside the Asian range.
London cleared the Asian high and printed a 62.022 session high before rejection. The ISM release at 14:00 UTC (prices paid 74) and a firmer USD then drove price back inside the Asian range, leaving a lower-high sequence through 61.418 and 61.292. Late NY is holding around the 61.00 round number after the bounce from the 60.803 NY low stalled near the 38.2% retrace of the 62.022–60.803 drop, with RSI(14) neutral near 54.
Support: 61.00, 60.803, 60.59
Resistance: 61.292, 61.418, 62.022
What it said to watch
M15 close above the 61.292 lower high breaks the descending sequence and exposes the 50% fib at 61.418
Loss of 61.00 round number then the 60.803 NY low resumes the lower-low chain toward the 60.59 Asian low
Fed's Williams (13:05 UTC) and Bowman (14:45 UTC) on Tuesday; hawkish framing on yields could reshape this read
Lower highs since London peak; NY low 60.80 holding, price pinned near 61.00 late NY.
London extended above the Asian range to a 62.02 day high, then the NY open reversed it as yields and USD firmed after ISM prices paid hit 74. The late-NY bounce off the 60.80 NY low met rejection at the 61.29 swing high, near the 38.2% fib, and price now sits on the 61.00 round number below EMA20, under a lower-highs line from the 61.42 NY high.
Support: 61.00, 60.803, 60.59
Resistance: 61.292, 61.418
What it said to watch
M15 close below the 61.00 round number exposes the 60.80 NY low, then the 60.59 asian low
Close above the 61.29 swing high and the 61.42 NY high (50% fib) breaks the lower-highs sequence
Thin Asia session liquidity can exaggerate moves around 61.00
Fed Williams (13:05 UTC) and Bowman (14:45 UTC) on Tuesday are the next scheduled USD risk for this read
19:47 UTC
Intraday pullback from 62.022, stabilising late NY · RSI 56 · price 61.152
Lower highs below 61.418, base at 60.803 session low.
London cleared the 61.656 Asian high on the soft-NFP rally, but stalled at 62.022 and turned with a sharp rejection. NY then unwound the gain to a 60.803 session low, and the late bounce stalled near the 38.2% fib at 61.292, with lower highs printing off the 61.418 NY high. Price is now coiling just above the 61.00 round number into the NY close.
Support: 61.00, 60.803
Resistance: 61.292, 61.418, 61.656
What it said to watch
M15 close above the 61.418 ny high breaks the lower-highs sequence and reopens the 61.656 asian high
Failure to hold the 61.00 round number exposes the 60.803 session low
Thin Asia session with no US data; Fed's Williams/Bowman Tue and FOMC Minutes Wed are the next catalysts
19:33 UTC
Pullback from 62.02 high, recovering off lows · RSI 61 · price 61.205
Rejection at 62.02, rising lows off 60.80.
The soft-NFP rebound ran into rejection at the 62.02 London high, and the NY selloff, with ISM prices paid at 74 as a hawkish counterpoint, stalled on a retest of the Asian low at 60.80. The late-NY bounce has printed rising lows and is pausing at the 38.2% fib near 61.29, with price just above EMA20 and just below EMA50.
Support: 61.16, 61.00, 60.80
Resistance: 61.29, 61.42, 61.66
What it said to watch
Close above the 38.2% fib at 61.29 opens the 50% fib at 61.42, then the Asian high at 61.66
Break of the 61.16 higher low ends the rising lows line, exposing the 61.00 round number
Loss of the 60.80 Asian low turns the retest into a lower low
Fed's Williams (Tue 13:05 UTC) and Bowman (14:45 UTC) could shift the read ahead of Wednesday's FOMC minutes
Lower high at 61.31 still capping; rising lows off the 60.80 ny low.
London's post-NFP extension was rejected at 62.02. NY unwound it to the 60.80 ny low, matching the Asian-session low, as ISM prices paid at 74 tempered the dovish bid. Late NY shows a rising-lows bounce to 61.20, now pressing the 38.2% fib of the 62.02 sell-off, which sits just under the 61.31 lower high.
Support: 61.00, 60.803
Resistance: 61.312, 61.418, 61.656
What it said to watch
M15 close above the 61.31 lower high and 38.2% fib opens the 61.42 ism high, then the 61.66 asian high
Loss of the 61.00 round number breaks the rising-lows trendline and puts the 60.80 ny low back in play
Close below the 60.80 ny low breaks a floor that has held twice today
Fed's Williams (13:05 UTC) and Bowman (14:45 UTC) on Tuesday could reprice hike odds and shift this read
19:05 UTC
Intraday pullback from London high, late-NY recovery · RSI 55 · price 61.231
Lower high/lower low into NY, micro higher lows off 60.803.
After the weekend gap higher, London cleared the Asian high at 61.656 and printed 62.022 before a sharp rejection. The NY open sell-off took price to 60.803 as USD firmed around ISM prices paid at 74, and the drop held above the Asian low. Late NY is grinding back on a series of higher lows toward the 38.2% retrace near 61.27. RSI(14) is neutral near 55, and price remains below the 61.312 lower high and the 61.418 ISM spike.
Support: 61.016, 60.803, 60.59
Resistance: 61.312, 61.418, 61.656
What it said to watch
M15 close above the 61.312 lower high and 61.418 ISM spike (50% retrace) reopens the 61.656 Asian high
Break of the 61.016 higher low and the recovery line puts the 60.803 NY low back in play; below that sits the 60.59 Asian low
Fed's Williams (Tue 13:05 UTC) and Bowman (14:45 UTC) could reprice hike odds and shift this read
18:48 UTC
Intraday downtrend, basing late NY · RSI 49 · price 61.129
Lower highs off 62.02, double low at 60.80.
London cleared the asian high on the hike-unwind bid and printed a 62.02 session high, then supply took over and the 13:30 UTC break reversed the move back to the Asian low as the USD firmed. After London close, buyers held a 60.80 double low and price is back above the 61.00 round number, sitting just over the fib 23.6% with RSI(14) neutral near 49.
Support: 61.00, 60.80
Resistance: 61.31, 61.66, 62.02
What it said to watch
M15 close above the 61.31 ny swing hi, then the 61.42 fib 50% area, would confirm the double low
Failure to hold 61.00 round number puts the 60.80 double low back in play, below it the Friday gap toward 60.35
61.66 asian high is the next cap before the 62.02 session high
Tue ADP (12:15 UTC) and Fed's Williams (13:05) and Bowman (14:45) could materially shift this read
18:33 UTC
Intraday downtrend off the 62.022 session high, momentum flattening · RSI 48 · price 61.114
Lower highs since the London high; lows compressing into 60.80–61.00.
The soft-NFP rally carried London through the 61.656 asian high to 62.022, where it met rejection. NY then unwound the move: the ism spike to 61.418 faded and each bounce printed a lower high into the 60.803 ny low. Late NY, price is pinned at EMA20 and the lower-highs trendline near 61.13 with RSI(14) neutral at 48. Demand is holding just above the 61.00 psych level.
Support: 61.00, 60.803, 60.59
Resistance: 61.312, 61.418, 61.656
What it said to watch
M15 close above 61.312 lower high and the 61.27 fib 38.2% breaks the lower-highs sequence; 61.418 ism spike sits above
Failure to hold 61.00 psych exposes the 60.803 ny low, then the 60.59 asian low
Reclaim of the 61.656 asian high would neutralise the NY selloff read
Fed's Williams/Bowman (Tue) and FOMC Minutes (Wed 18:00 UTC) could materially shift this read
18:18 UTC
Intraday pullback after a rejected London rally · RSI 41 · price 61.068
Lower highs through NY, basing above 60.80.
Silver gapped up from Friday's close, and the NFP-unwind rally ran from the 60.59 asian low to a 62.02 day high in London before a sharp rejection. NY session gave back most of the move with lower highs from the 61.42 NY high down to a 60.80 NY low. A late bounce to the 61.16 late high is stalling just under EMA20, between the 61.8% and 78.6% retrace of the 60.59–62.02 rally, with RSI(14) near 41.
Support: 60.803, 60.59
Resistance: 61.16, 61.418, 62.022
What it said to watch
A close back above the 61.16 late high and EMA20 would break the NY lower-high sequence and put the 61.42 NY high back in view
Failure at the 60.80 NY low confirms a lower low and exposes the 60.59 asian low and Monday's gap
Only a recovery through the 62.02 day high would neutralise the London rejection
Fed's Williams and Bowman on Tuesday, then FOMC Minutes Wednesday, could reprice hike odds and shift this read
Lower highs from 62.022, lows compressing at 60.80-60.90.
The London leg to 62.022 on the soft-NFP unwind was rejected at the session high. NY has since retraced roughly 80% of that London leg, and the 14:00 UTC ism spike faded from 61.418 as prices paid at 74 revived inflation concerns. Late in the NY session the decline is losing pace: lows are compressing just above the 60.80 London base at the ny low, and the bounce sits under the 61.209 lower high.
Support: 60.803, 60.59
Resistance: 61.209, 61.418, 62.022
What it said to watch
M15 close above the 61.209 lower high breaks the lower-high chain from the 62.022 session high; 61.418 ism spike is next
Failure to hold the 60.803 ny low completes the London leg retrace and exposes the 60.59 asian low
Fed's Williams (Tue 13:05 UTC) and Bowman (14:45 UTC), plus ADP at 12:15 UTC, could reprice hike odds and shift this read
17:48 UTC
Intraday downtrend since NY open · RSI 42 · price 60.933
Lower highs and lower lows from the 62.02 session high, now pressing the session low.
London extended the post-NFP hike-bet unwind to a 62.02 session high. NY rejected it from the open, and price has since given back the whole London leg, with the ISM prices-paid print at 74 a hawkish counterpoint. A tightening lower-high sequence now presses the 60.80 session low (the Asian-hours low), with RSI(14) near 42 and price below both EMAs.
Support: 60.803, 60.59
Resistance: 61.034, 61.209, 61.41
What it said to watch
M15 close below the 60.80 session low extends the lower-low chain toward the 60.59 weekly open area
Close above the 61.03 lower high breaks the descending lower-high line; the 61.21 swing high and the 61.41 fib 50% of the 62.02–60.80 drop sit above
Tue Williams/Bowman and ADP, then Wed FOMC Minutes, could materially shift this read
17:33 UTC
Intraday downtrend after rejection at the session high · RSI 37 · price 60.905
Lower highs and lower lows through NY after the London rally faded.
Monday gapped above Friday's 60.352 close and London extended the soft-NFP bid to a 62.022 session high, where price was rejected. From the NY open, a chain of lower highs below the 61.418 NY high has given back about 92% of the rally to sit just above the 60.851 NY low and the 60.807 swing low. RSI(14) near 37 is not stretched, and the late-NY move has been grinding rather than impulsive, with USD holding its YTD highs.
Support: 60.851, 60.807, 60.59
Resistance: 61.034, 61.418, 62.022
What it said to watch
M15 close below the 60.807 swing low extends the lower-low chain toward the 60.59 Asian low and the gap toward Friday's 60.352 close
Reclaim of the 61.034 lower high and the falling trendline breaks the lower-high sequence; above the 61.418 NY high the downtrend read is invalidated
Fed's Williams (13:05 UTC) and Bowman (14:45 UTC) on Tue could materially shift this read
Holding the 60.807–60.851 zone keeps the session-rally fib's 100% level intact
17:17 UTC
Intraday downtrend, grinding lower in late NY · RSI 41 · price 60.973
London high rejected; NY lower highs and lower lows back inside the Asian range.
London ran to a 62.022 session high and was rejected. A firm USD then capped the post-NFP bounce through NY hours, with lower highs stepping down from the 61.418 NY high to the latest lower high at 61.21 along a falling trendline. Late in the NY session price is pressing the 60.85 NY low, back inside the Asian range, with RSI(14) near 41.
Support: 60.851, 60.81, 60.59
Resistance: 61.209, 61.418, 62.022
What it said to watch
M15 close above the 61.21 lower high and the NY trendline breaks the lower-high chain
Loss of the 60.85 NY low exposes the 60.81 asian base, tested twice in Asia, then the 60.59 asian low
Reclaim of the 61.418 ny high, near the 50% fib of the 62.022–60.851 drop, reopens the 62.022 session high
Fed's Williams (13:05 UTC) and Bowman (14:45 UTC) on Tue, then FOMC Minutes Wed 18:00 UTC, could materially shift this read
17:07 UTC
Intraday downtrend after London high, momentum fading · RSI 40 · price 60.987
Lower highs since NY open, pressing the 60.87–60.92 NY low shelf.
London pushed silver out of the Asian range to a 62.02 session high on the soft-NFP bounce. That break was rejected, and NY unwound it with a series of lower highs into the ISM release, where prices paid at 74 added a hawkish wrinkle. Price now sits on the 60.87–60.92 NY low shelf, below EMA20/50, with RSI(14) near 40 and the ny lower highs trendline capping at about 61.21.
Support: 60.871, 60.807
Resistance: 61.209, 61.312, 61.656
What it said to watch
M15 close below the 60.871 NY low exposes the 60.807 Asia low and the Sunday open area
Close above the 61.209 lower high breaks the ny lower highs line; 61.312 (fib 38.2 of the ny selloff fib) is the next cap
Reclaiming the 61.656 Asia high would neutralise the false-break read
Fed's Williams and Bowman on Tue, then FOMC Minutes on Wed, could materially shift this read
16:48 UTC
Intraday downtrend off the session high · RSI 34 · price 60.964
Lower highs from 62.02, lows flattening near 60.87.
Rejection at the 62.02 session high late in London started a run of lower highs. The 14:00 UTC ISM print, with prices paid at 74, then drove a 40-cent drop that has retraced more than 78.6% of the 60.81–62.02 rally. After London close, NY has held a floor near the 60.87 ny low, with RSI(14) near 34, ATR(14) around 220 pips and EMA20 at 61.20 overhead.
Support: 60.871, 60.807, 60.59
Resistance: 61.312, 61.677, 62.022
What it said to watch
An M15 close below the 60.87 ny low and the 60.81 asia pivot exposes the 60.59 asian low and the unfilled weekend gap toward 60.35.
A reclaim of the 61.31 lower high breaks the lower-high sequence and puts the 61.68 pre-ism high back in focus.
Tue Fed speakers Williams and Bowman and Wed FOMC Minutes are the next scheduled USD risk for this read.
Lower highs and lower lows since the 62.02 rejection; descending NY trendline intact.
Late-London rejection at the 62.02 day high started the unwind. Selling at the NY open cut through 61.33, and the 14:00 UTC ISM spike to the 61.42 ny high was sold as prices paid hit 74. Price is now grinding along a descending trendline into the 60.87 ny low, at the 78.6% fib of the asian low–day high leg, with RSI(14) near 34 and not yet oversold.
Support: 60.87, 60.81, 60.59
Resistance: 61.21, 61.42, 62.02
What it said to watch
A close below the 60.87 ny low extends the lower-low sequence toward the 60.81 asian swing and the 60.59 asian low
A close above the 61.21 lower high breaks the descending trendline and puts the 61.42 ny high back in play
Failure to hold the 78.6% fib leaves little of the Asian-to-London advance intact
Fed's Williams and Bowman on Tue, then the FOMC Minutes on Wed at 18:00 UTC, could materially shift this read
16:18 UTC
Intraday downtrend off the 62.02 session high · RSI 38 · price 60.982
Failed break of Asian high, NY lower highs and lower lows into the 78.6% fib.
London's push above the 61.656 asian high to 62.022 did not hold. NY has since retraced nearly 80% of the 60.59–62.02 Asia-London rally, and the ISM prices-paid wrinkle capped the 14:00 UTC bounce at the 61.418 ism high. Price is pressing the 60.886 ny low, which sits on the 78.6% fib, under a 61.312 lower high, with RSI(14) near 38 and EMA20/50 overhead.
Support: 60.886, 60.807, 60.59
Resistance: 61.312, 61.418, 61.656
What it said to watch
M15 close below the 60.886 ny low and 78.6% fib exposes the 60.807 swing low, then the 60.59 asian low
Recovery above the 61.312 lower high breaks the NY lower-high sequence, with the 61.418 ism high next
Reclaiming the 61.656 asian high would neutralise the false-break read
Tue Fedspeak (Williams 13:05, Bowman 14:45 UTC) and Wed FOMC Minutes could materially shift this read
Lower highs since 62.022 rejection, back inside Asian range.
London broke the 61.656 asian high and ran to a 62.022 london high before a sharp rejection. NY-open selling, with USD firm on French debt stress and ISM prices paid at 74, pulled price back inside the Asian range to a 60.886 session low. Price is now compressing near 61.10 into the London close, below EMA20 (~61.30), with the 61.312 lower high and the 38.2% fib capping.
Support: 60.886, 60.59
Resistance: 61.312, 61.656, 62.022
What it said to watch
M15 close above the 61.312 lower high (38.2% fib) breaks the NY lower-high sequence
Loss of the 60.886 session low exposes the 60.59 asian low
Close back above the 61.656 asian high reopens the 62.022 london high
Fed's Williams and Bowman Tue, then FOMC Minutes Wed 18:00 UTC, could materially shift this read
London break of Asian high rejected at 62.022; NY lower-high, lower-low chain back inside Asian range.
The London leg cleared the 61.656 Asian high and peaked at a 62.022 session high, then NY opened with a sharp drop. The ISM bounce, with prices paid at 74, stalled at 61.418 and left a lower high at 61.312, pulling silver back inside the Asian range. Price is compressing just above the 60.886 NY low near the 78.6% fib of the London leg, with RSI(14) ~39 and price under both EMAs.
Support: 60.886, 60.807, 60.59
Resistance: 61.312, 61.418, 61.656
What it said to watch
M15 close below the 60.886 NY low extends the lower-low chain toward the 60.807 swing low and the 60.59 Asian low near the Sunday gap
Recovery above the 61.312 lower high and the 61.418 ISM high (≈50% of the London leg fib) would break the NY lower-high sequence; 61.656 Asian high sits above
ATR(14) near 235 pips: expect wide intraday swings into the NY close
Fed's Williams and Bowman on Tue, then FOMC Minutes on Wed 18:00 UTC, are the next scheduled catalysts
15:33 UTC
Intraday pullback from day high, momentum soft · RSI 38 · price 61.068
Lower highs pressing a flat 60.92–61.00 floor after a reversal from 62.02.
London cleared the 61.66 Asian high and ran to a 62.02 day high before a sharp rejection. In NY, the open drop and a faded post-ISM spike to 61.42 (prices paid 74) printed lower highs into a 60.92–61.00 floor. Price sits on the 78.6% fib of the 60.81–62.02 leg, below both EMAs, with RSI(14) near 38.
Support: 60.92, 60.59
Resistance: 61.31, 61.66, 62.02
What it said to watch
An M15 close below the 60.92 ny low breaks the floor and exposes the 60.59 asian low
A close above the 61.31 lower high breaks the lower-highs trendline sequence
A reclaim of the 61.66 asian high is needed to put the 62.02 day high back in play
Fed's Williams/Bowman on Tue and FOMC Minutes on Wed could reprice the post-NFP bounce
15:18 UTC
Intraday down from day high, momentum soft · RSI 36 · price 61.068
NY lower highs back inside Asian range after London rejection at 62.02.
London broke the 61.66 Asian high and ran to a 62.02 day high before NY unwound the move, with ISM prices paid at 74 adding a hawkish wrinkle. Price is back inside the Asian range near the 78.6% retrace of the London rally. NY has printed lower highs down to 61.31 while the 60.92 NY low holds, with RSI(14) near 36.
Support: 60.92, 60.81, 60.59
Resistance: 61.31, 61.66, 62.02
What it said to watch
M15 close above the 61.31 lower high breaks the NY lower-highs sequence and brings the 61.66 Asian high back into view
Failure to hold the 60.92 NY low exposes the 60.81 pre-London base and then the 60.59 Asian low
62.02 day high remains the session cap unless reclaimed
Fed's Williams and Bowman on Tue, then FOMC Minutes Wed 18:00 UTC, could shift the read on yields and USD
15:06 UTC
Intraday downtrend from day high, lower highs · RSI 40 · price 61.242
LH/LL sequence since 11:30 UTC rejection; back inside Asian range.
London extended the bounce above the 61.66 asian high to a 62.02 day high, then rejected. The NY open and the ISM release, with prices paid at 74, set a lower high at 61.42 and an NY low at 60.92. Price at 61.24 sits back inside the Asian range, below EMA20/50, near the 61.8% retracement of the 60.81–62.02 rally.
Support: 60.921, 60.59
Resistance: 61.418, 61.656, 62.022
What it said to watch
M15 close above the 61.42 lower high breaks the downtrend line and the LH/LL read
Failure to hold the 60.92 NY low exposes the 60.59 asian low
Reclaim of the 61.66 asian high would negate the false break above the range
Acceptance below 61.07 (78.6% of the rally fib) points to a full retrace of the London rally
Fed's Williams/Bowman (Tue) and FOMC Minutes (Wed) could shift the hike-odds driver behind the bounce
14:49 UTC
Intraday downtrend off the session high · RSI 41 · price 61.059
Lower highs from 62.022, price back inside the Asian range.
London pushed through the Asian high at 61.656 to a session high of 62.022, then reversed sharply. At the NY open price broke the 61.325 pullback low, and the ISM spike to 61.418 faded as prices paid printed 74. Price now sits at 61.06, below EMA20/EMA50 and the 38.2% retrace near 61.13, with RSI(14) at about 41 and the ny low of 60.921 the nearest floor.
Support: 60.921, 60.807, 60.59
Resistance: 61.418, 61.677, 62.022
What it said to watch
Failure to reclaim the 61.418 ism spike keeps the lower-high sequence off 62.022 intact
M15 close above the 61.677 lower high breaks the trendline from the session high and neutralises the pullback read
A break of the 60.921 ny low and the 60.807 swing low exposes the 50% fib near 60.85 and the 60.59 asian low
A US 10y retest of 5.34% or a hawkish read of ISM prices paid could extend the fade; Williams/Bowman on Tue are the next scheduled risk
14:33 UTC
Intraday downtrend after London high, momentum soft · RSI 32 · price 61.002
Lower highs at 61.68 and 61.42, testing session low inside Asian range.
Silver's post-NFP short-covering rally broke the 61.66 asian high in London and topped at a 62.02 session high at 11:30 UTC, then rejected sharply. Selling into the NY open and a whipsaw around the ISM Services release, which spiked to 61.42 and faded, have retraced about 80% of the London leg (london leg fib), leaving price pinned at the 60.98 session low under a descending trendline. RSI(14) is near 32 and ATR(14) about 225 pips.
Support: 60.98, 60.81, 60.59
Resistance: 61.42, 61.66, 62.02
What it said to watch
M15 close below the 60.98 session low exposes the 60.81 swing low, then the 60.59 asian low
Recovery above the 61.42 ism high breaks the lower-high chain and the descending trendline
Back above the 61.66 asian high reopens the 62.02 session high
ISM Services Prices Paid detail is not yet in the data and could extend the post-release move; Fed's Williams and Bowman speak Tue
14:18 UTC
Intraday pullback, lower highs since late London · RSI 37 · price 61.21
London HH chain to 62.022 broken; NY open drop back inside Asian range.
London cleared the 61.656 asian high and ran to a 62.022 session high. NY open selling then erased most of that leg to a 60.983 NY low, back inside the Asian range. The ISM Services bar spiked to 61.418 and faded. Price sits near the 61.8% retrace of the London leg, with lower highs intact and RSI(14) around 37.
Support: 60.983, 60.81
Resistance: 61.418, 61.656, 62.022
What it said to watch
M15 close above the 61.418 ism spike and the lower-highs trendline breaks the NY selloff sequence. The 61.656 asian high is the next level above.
Failure to hold the 60.983 ny low exposes the 60.81 asian low base, where demand stepped in three times overnight.
The ISM Services print, including Prices Paid, is still being absorbed. A hot reading that revives October-hike talk could extend the fade from the 62.022 session high.
London break of Asian high failed; NY lower highs, back inside Asian range.
London cleared the asian high at 61.656 and ran to a 62.022 session high on the NFP-led rebound, then rejected. NY has printed lower highs along the trendline, and the PMI window knocked price to a 60.983 pmi low, near the 78.6% fib of the 60.81–62.02 leg, with RSI(14) near 36 and a firm USD tempering the bounce.
Support: 60.983, 60.807, 60.59
Resistance: 61.325, 61.656, 62.022
What it said to watch
ISM Services (14:00 UTC, current bar) with Prices Paid could materially shift this read
M15 close below the 60.983 pmi low exposes the 60.807 asian swing and the 60.59 asian low
Reclaim of the 61.325 broken low and the lower-high trendline would ease the pullback read
Lower high at 61.677 and a break below 61.325, unwinding the London advance.
The post-NFP extension ran from the 60.818 swing low to a 62.022 session high late in London, stalling just under Friday's 62.07 spike top. The rejection there produced a lower high at 61.677 and a break of the 61.325 broken low during the 13:30 UTC bar. Price is back inside the Asian range near the 78.6% retrace at 61.07, with RSI(14) ~34, into the 14:00 UTC ISM Services release.
Support: 61.00, 60.818, 60.59
Resistance: 61.325, 61.677, 62.022
What it said to watch
ISM Services PMI (f/c 55) and Prices Paid at 14:00 UTC; a hot print reviving hike odds or a soft one extending the dovish repricing could materially shift this read
M15 close below the 61.00 round number exposes the 60.818 swing low and then the 60.59 asian low
Reclaim of the 61.325 broken low, then a close above the 61.677 lower high, would negate the lower-high sequence
62.022 session high remains the cap; acceptance above it clears Friday's spike top
13:33 UTC
Intraday uptrend stalling, pulling back from session high · RSI 44 · price 61.454
Lower highs below 62.022 rejection, back inside Asian range.
London broke the Asian high at 61.656 and ran to a 62.022 session high just shy of the post-NFP Friday high at 62.07, where it was rejected. Price has since printed lower highs and slipped back inside the Asian range, now sitting on the 50% fib of the 60.807–62.022 leg and EMA50. The move up came on the 29K payrolls miss and softer yields.
Support: 61.325, 61.214
Resistance: 61.656, 62.022, 62.07
What it said to watch
S&P Global PMI 13:45 UTC and ISM Services 14:00 UTC (f/c 55) could materially shift this read; ATR(14) near 180 pips
Failure to hold the 61.325 swing low confirms a lower-low and opens the London low at 61.214
Close back above the Asian high at 61.656 breaks the lower-high sequence
Session high 62.022 / Friday high 62.07 remains the cap unless cleared on a closing basis
The post-NFP rebound carried London above the Asian range high at 61.656 to a 62.022 session high. Price was rejected at 11:30 UTC just shy of Friday's 62.07 spike high, then printed a 61.736 lower high and a 61.325 swing low between the 50% and 61.8% fib. Early NY has price at 61.56, below the EMA20 and above the EMA50, with RSI(14) neutral near 48 ahead of ISM Services.
Support: 61.325, 61.214, 60.807
Resistance: 61.736, 62.022, 62.07
What it said to watch
S&P Global PMI at 13:45 UTC and ISM Services at 14:00 UTC (f/c 55) land inside the next hour and could materially shift this read
An M15 close above the 61.736 lower high reopens the 62.022 session high / 62.07 Friday high zone
Failure to hold the 61.325 swing low exposes the 61.214 London low and the 61.8% fib, then the 60.807 Asian low
13:07 UTC
Intraday uptrend, now pulling back · RSI 48 · price 61.493
Lower highs since the 62.02 rejection; price retracing the 60.81–62.02 leg.
Silver extended the post-NFP bounce through London, clearing the Asian high at 61.656 before a sharp rejection at the 62.022 session high, just under Friday's NFP high near 62.07. A run of lower highs has since dragged price to a 61.325 pullback low. Price is back under EMA20, holding just above EMA50, and sits around the fib 50% of the 60.807–62.022 move, with RSI(14) neutral near 48 going into the NY session data.
Support: 61.325, 61.214
Resistance: 61.656, 62.022, 62.07
What it said to watch
S&P Global PMI at 13:45 UTC and ISM Services at 14:00 UTC (f/c 55) could materially shift this read; M15 ATR is ~166 pips
Close below the 61.325 pullback low exposes the 61.214 london low and the 61.8% fib near 61.27
M15 close back above the 61.656 asian high would break the lower-high sequence
Repeat failure below the 62.022 session high / 62.07 nfp high would leave a double cap in place
12:48 UTC
Uptrend, pulling back from session high · RSI 45 · price 61.517
HH/HL chain since Asia; testing last higher low after rejection at 62.02.
Silver gapped higher at the weekly open and built higher highs from the 60.82 Asian low through London as traders kept unwinding Fed-hike bets after Friday's payrolls miss. That climb stalled at the 62.02 session high, just under Friday's 62.07 nfp high, and a sharp rejection candle followed. Price is now back under EMA20 with RSI(14) near 45, probing the 61.48 swing low just above the fib 50% at 61.42.
Support: 61.48, 61.42, 61.21
Resistance: 61.82, 62.02, 62.07
What it said to watch
M15 close below the 61.48 swing low breaks the HL chain and exposes the fib 50% at 61.42, then the london low at 61.21
Recovery above the 61.82 prior high puts the 62.02 session high and 62.07 nfp high back in play
S&P Global PMI at 13:45 UTC and ISM Services at 14:00 UTC (f/c 55, prices paid) land in the first hour of NY and could materially shift this read
12:33 UTC
Intraday uptrend, pulling back · RSI 46 · price 61.555
HH/HL chain from the 60.81 low, now a lower high after the 62.02 rejection.
Silver extended the post-NFP dovish repricing through London. It broke the Asian range high at 61.66 and printed a 62.02 session high, just shy of the 62.07 Friday high, before a sharp rejection. Price now sits on the 38.2% fib of the 60.81–62.02 leg near 61.56, capped by a 61.74 lower high with the 61.48 swing low still holding.
Support: 61.48, 61.41, 61.21
Resistance: 61.74, 62.02, 62.07
What it said to watch
M15 close below the 61.48 swing low exposes the fib 50% at 61.41 and the 61.21 london low
Reclaim of the 61.74 lower high puts the 62.02 session high and 62.07 friday high back in play
S&P Global PMI at 13:45 UTC and ISM Services at 14:00 UTC (f/c 55) around the NY open could materially shift this read
Higher lows from the Asian low; session high rejected, price back at the Asian high.
Post-NFP dovish repricing carried silver through the 61.656 Asian high in London, but the 62.022 session high was rejected just shy of Friday's 62.07 NFP high. Price has slipped back to the Asian high, with RSI(14) cooled to ~51 and price under EMA20. The 61.548 pullback low and 61.481 swing low (38.2% fib of the 60.59–62.02 leg) sit on rising support.
Support: 61.548, 61.481, 61.214
Resistance: 61.656, 62.022, 62.07
What it said to watch
M15 close below the 61.481 swing low and rising support breaks the higher-low chain; the 61.214 london low is next below
M15 close back above the 62.022 session high and 62.07 nfp high opens the path toward the 62.40 cap
S&P Global PMI at 13:45 UTC and ISM Services at 14:00 UTC (f/c 55, prices paid) in the first hour of NY could materially shift this read
Holding the 61.548 pullback low keeps the rejection contained above the Asian high zone
HH/HL chain from 60.807 broken by rejection bar at 62.022; London trendline breached.
London took the post-NFP squeeze above the 61.656 Asian high to a 62.022 session high, just short of Friday's 62.07 NFP high. A 38-cent rejection candle there broke the London trendline and pushed price back below the Asian high and EMA20, with RSI(14) near 49. The 61.48 swing low and the fib 50% of the Monday leg at 61.415 are the nearest references below.
Support: 61.481, 61.415, 61.214
Resistance: 61.656, 62.022, 62.07
What it said to watch
M15 close back above the 61.656 Asian high negates the London trendline break
Close above the 62.022 session high and 62.07 NFP high reopens the squeeze toward the $62.40 cap
Failure to hold the 61.48 swing low confirms a lower-low and exposes the fib 50% and the 61.21 London low
S&P PMI 13:45 UTC and ISM Services 14:00 UTC (f/c 55) could materially shift this read early in NY session
11:32 UTC
Uptrend, testing Friday high · RSI 64 · price 61.94
HH/HL chain from the 60.81 session low; 61.82 prior high cleared.
London extended the dovish-NFP relief bounce in a HH/HL chain off the 60.81 session low, cleared the 61.82 prior high and is now pressing Friday's 62.07 NFP high. RSI(14) is near 64, not stretched. The rising trendline from the 60.82 and 61.48 swing lows underpins the leg.
Support: 61.82, 61.48, 60.81
Resistance: 62.07, 62.40
What it said to watch
M15 close above the 62.07 nfp high opens the 62.40 cap flagged in the digest
Slip back below the 61.82 prior high would turn the breakout into a false break
Loss of the 61.48 swing low and rising trendline ends the HL sequence; 38.2% fib of the 60.81–62.02 leg sits near 61.56
S&P PMI 13:45 UTC and ISM Services 14:00 UTC (f/c 55.7) could materially shift this read
11:17 UTC
Uptrend, pressing session high · RSI 66 · price 61.906
HH/HL chain since London open, Asian range broken higher.
Silver cleared the Asian high at 61.656 in the London session and has pushed through the 61.817 prior high to a session high at 61.906, extending the relief bid after Friday's NFP miss. Higher lows at 61.214 and 61.481 hold the trendline under the rally from 60.807. Friday's NFP spike high at 62.07 is the next cap overhead. RSI(14) near 66, not stretched.
Support: 61.817, 61.656, 61.481
Resistance: 62.07, 62.40
What it said to watch
M15 close back below the 61.817 prior high would mark the breakout as a false break
Loss of the 61.481 higher low breaks the HH/HL chain and the trendline
Rejection or break at the 62.07 friday high; above it the 62.40 range cap is next
S&P PMI 13:45 UTC and ISM Services 14:00 UTC (f/c 55.7) could materially shift this read
HH/HL chain from 60.81 Asian low, session high at 61.90.
Silver extended the post-NFP relief bid from a Monday gap higher, broke the early Asian high near 61.66 and printed a session high at 61.90 in late London. The 09:45 UTC swing low at 61.48 sits on the 38.2% retracement of the 60.81–61.90 leg, and RSI near 61 shows the push is not stretched.
Support: 61.48, 61.21, 60.81
Resistance: 61.90, 62.07
What it said to watch
ISM Services 14:00 UTC (S&P PMI 13:45) could materially shift this read; a hot print tests the dovish repricing
M15 close above the 62.07 nfp high clears Friday's spike top
Failure to hold the 61.48 swing low breaks the higher-low trendline and exposes the 61.21 london low
Loss of 61.21 puts the 60.81 asian low back in focus
HH/HL chain off the 60.81 Asian low; mid-London pullback to the Asian high.
London extended Monday's rally from the 60.81 Asian low through the 61.66 Asian high to a 61.82 session high. The move adds to the relief bid after Friday's 29K NFP miss. Price has since slipped back to the Asian high on a higher swing low at 61.48, still above the rising trendline, with RSI(14) near 60 and Friday's 62.07 NFP high overhead.
Support: 61.48, 61.21, 60.81
Resistance: 61.66, 61.82, 62.07
What it said to watch
M15 close below the 61.48 swing low breaks the HL chain and puts the 61.21 London low in view
Close above the 61.82 session high opens a test of Friday's 62.07 NFP high
A break of the rising trendline toward the 60.81 Asian low would unwind Monday's rally
S&P Global PMI 13:45 UTC and ISM Services 14:00 UTC (f/c 55.7) could materially shift this read
Higher lows since Asia; London broke above the Asian range high, now consolidating 61.48–61.82.
London broke the Asian range high at 61.656 and set a session high at 61.817. The pullback held a 61.481 swing low above the 61.214 London low, keeping the higher-low chain and rising trendline intact as the relief bid from Friday's NFP miss extends. Price sits back above the Asian high, still below the post-NFP spike toward the 62.07 nfp high, with RSI(14) ~59 and not stretched.
Support: 61.481, 61.214, 60.807
Resistance: 61.817, 62.07, 62.40
What it said to watch
M15 close below the 61.481 swing low breaks the rising trendline and the higher-low chain, exposing the 61.214 london low and the 38.2% fib near 61.43
M15 close above the 61.817 session high opens the 62.07 nfp high, with the digest's 62.40 cap above
Failure back below 60.807, the Asian low of this leg, would negate the London breakout read
S&P Global PMI 13:45 UTC and ISM Services 14:00 UTC (plus Prices Paid) during the NY session could materially shift this read
HH/HL chain since 06:00 UTC; consolidation under 61.82 after a shallow pullback.
London extended the Asia rally through the Asian high at 61.656 to a session high at 61.817. The pullback held the 61.48 swing low, near the 38.2% fib. Price is now consolidating just below that high with RSI(14) near 58, still above the rising support, as Friday's relief bounce from 59.68 after the 29K NFP miss carries on.
Support: 61.481, 61.214
Resistance: 61.817, 62.07
What it said to watch
M15 close below the 61.48 swing low breaks the rising support and HL chain; the 61.21 higher low is next
Close above the 61.817 session high opens the 62.07 NFP high from Friday
S&P Global PMI 13:45 UTC and ISM Services 14:00 UTC (f/c 55.7) could materially shift this read
10:05 UTC
Intraday uptrend, pulling back off session high · RSI 59 · price 61.636
HH/HL chain from 60.81, Asian high broken then lost, retesting from below.
Monday's relief bid off the 60.81 asia pivot carried into London, breaking the 61.656 asian high to a 61.817 session high as yields stay softer after Friday's 29K NFP miss. Price has since pulled back to a 61.48 swing low and is now retesting the asian high from below. Rising lows from the 61.21 london low are intact and RSI(14) is cooling near 59.
Support: 61.481, 61.214, 60.807
Resistance: 61.656, 61.817, 62.07
What it said to watch
M15 close back above the 61.656 asian high reopens the 61.817 session high and the 62.07 friday high from the NFP spike
Failure at the 61.48 swing low breaks the rising lows line and exposes the 50% fib and the 61.21 london low
Below 61.21, the HH/HL chain is void and the 60.81 asia pivot comes back into view
ISM Services 14:00 UTC (f/c 55.7, S&P PMI 13:45 UTC): a hot print with firm prices paid could materially shift this read
09:48 UTC
Intraday uptrend, pulling back · RSI 52 · price 61.499
HH/HL chain since Asian low; testing latest higher low.
Silver extended its post-NFP-miss relief bid, breaking the asian high at 61.656 into the London open and printing a session high at 61.817. Mid-London, it has slipped back below the asian high and is testing the 61.497 higher low. EMA20 sits just under price and RSI(14) has cooled to ~52.
Support: 61.497, 61.214, 60.807
Resistance: 61.656, 61.817, 62.07
What it said to watch
M15 close below the 61.497 higher low breaks the HH/HL chain; 38.2% fib ~61.43 and the london low at 61.214 sit below
Sustained hold back above the asian high at 61.656 keeps the breakout intact; the session high at 61.817 and the nfp high at 62.07 are the next resistance
Failure to hold 61.214 opens a return toward the asian low at 60.807
S&P PMI 13:45 UTC and ISM Services 14:00 UTC (f/c 55.7) could materially shift this read
Higher-low chain off 60.818; London broke above the Asian range.
London cleared the Asian high at 61.656 and set a session high at 61.817, extending the higher-low chain off 60.818 as yields eased after Friday's soft NFP. Two tops near 61.81 and RSI(14) cooling to ~64 show slowing momentum, with price sitting on the rising trendline just above the Asian high.
Support: 61.656, 61.497, 61.214
Resistance: 61.817, 62.07, 62.40
What it said to watch
M15 close below the 61.497 swing low breaks the higher-low chain and the rising trendline
Loss of the 61.656 asian high puts the 50% fib of the 60.818–61.817 leg at 61.32 and the 61.214 london low in focus
M15 close above the 61.817 session high reopens Friday's nfp high at 62.07, then the 62.40 cap
S&P PMI 13:45 UTC and ISM Services 14:00 UTC (f/c 55.7, watch Prices Paid) could materially shift this read
09:18 UTC
Intraday uptrend, extending in London · RSI 69 · price 61.736
Higher-low chain off 60.807; Asian range high cleared.
London extended the post-NFP rebound, clearing the Asian high at 61.656 and printing a session high at 61.817 on a rising trendline of higher lows off 60.807 (61.214, then the 61.497 swing low). RSI(14) near 69 is warm but not stretched. Friday's NFP high at 62.07 is the next overhead reference.
Support: 61.656, 61.497, 61.214
Resistance: 61.817, 62.07
What it said to watch
M15 close back inside the Asian range below 61.656 would turn the breakout into a false break
Loss of the 61.497 swing low and the rising trendline ends the higher-low chain and exposes the 61.214 higher low
Rejection at the 61.817 session high or the 62.07 nfp high would cap the London leg
S&P Global PMI 13:45 UTC and ISM Services 14:00 UTC (f/c 55.7, prices paid) could materially shift this read
HH/HL chain off 60.807, Asian range high broken in London.
Mid-London, silver has cleared the Asian high at 61.656 and printed a session high at 61.782. The move rides a rising trendline of higher lows off 60.807, through 61.214 and 61.497, with RSI(14) near 67, firm but not stretched. The London leg extends the post-NFP rebound on softer Treasury yields, with Friday's 62.07 NFP high the next reference above.
Support: 61.656, 61.497, 61.214
Resistance: 61.782, 62.07, 62.40
What it said to watch
M15 close below the 61.497 swing low breaks the rising trendline and the higher-low chain, exposing the 61.214 higher low
Failure to hold the 61.656 asian high returns price inside the Asian range
Acceptance above the 61.782 session high opens the 62.07 nfp high, with the 62.40 major cap beyond
S&P Global PMI at 13:45 UTC and ISM Services at 14:00 UTC (f/c 55.7, Prices Paid) could materially shift this read
08:48 UTC
Uptrend, pulling back from session high · RSI 62 · price 61.521
Higher lows from 60.807; London high 61.782 broke the Asian high, price back below it.
Silver extended its post-NFP recovery from Friday's 59.676 low. The early-Europe rally cleared the 61.656 Asian high to a 61.782 session high, then slipped back below the Asian high. Price is now testing the rising trendline from the 60.807 swing low, with RSI(14) cooling to ~62.
Support: 61.41, 61.214, 60.807
Resistance: 61.656, 61.782, 62.07
What it said to watch
Hold of the rising trendline and the 38.2% fib near 61.41 keeps the higher-low chain intact
M15 close below the 61.214 London low breaks the higher-low sequence and exposes the 60.807 swing low
Reclaim of the 61.656 Asian high and the 61.782 session high opens the path to the 62.07 NFP high
S&P Global PMI at 13:45 UTC and ISM Services at 14:00 UTC (f/c 55.7, Prices Paid in focus) could materially shift this read
08:32 UTC
Intraday uptrend, extending into London · RSI 71 · price 61.724
Higher lows since 60.81 double low; Asian range high broken.
Silver built higher lows off the 60.81 double low and cleared the Asian high at 61.656 early in London, printing a session high at 61.782 with RSI(14) near 71. The move extends the post-NFP rebound on softer yields, with Friday's 62.07 nfp high the next overhead reference.
Support: 61.656, 61.214, 60.81
Resistance: 61.782, 62.07
What it said to watch
Failure to hold 61.656 asian high, back inside the Asian range, would flag a false break
Break of rising support and the 61.214 swing low ends the higher-low chain
38.2% fib of the 60.81–61.78 leg sits near 61.41
Close above 62.07 nfp high opens the 62.40 resistance area
ISM Services PMI at 14:00 UTC (f/c 55.7) and Prices Paid could materially shift this read
08:18 UTC
Intraday uptrend, extending in early London · RSI 67 · price 61.715
HH/HL chain from 60.82 swing low; Asian range high broken.
Silver rallied off the 60.82 swing low before London and broke the 61.656 Asian high in the first hour of London. The session high is now 61.73, and the dip to the 61.21 London low held for a higher low. The bounce from Friday's post-NFP flush tracks easing Treasury yields. RSI(14) near 67 is firm but not stretched, and Friday's 62.07 NFP high sits about 35 cents above.
Support: 61.656, 61.214, 60.818
Resistance: 61.728, 62.07, 62.40
What it said to watch
M15 close back below the 61.656 asian high turns the breakout into a false break
Loss of the 61.21 london low breaks the HH/HL chain and the rising support line
Close above the 62.07 nfp high opens the 62.40 range cap from the digest
S&P PMI 13:45 UTC and ISM Services with Prices Paid at 14:00 UTC can materially shift this read
A hot ISM print rebuilds hike odds; the 61.27 fib 50% of the 60.82–61.73 leg is the first pullback marker
08:06 UTC
Intraday uptrend, extending into London · RSI 65 · price 61.585
Higher lows from 60.81; Asian high broken at London open.
Silver gapped higher at the Monday open and held a twin asia low near 60.81. Early London then cleared the 61.656 Asian high and printed a 61.714 session high, extending the post-NFP recovery as yields eased. Price sits near the 78.6% retracement of Friday's nfp high to 59.68 drop (61.56), with RSI(14) firm but not stretched and the rising trendline from the asia low intact.
Support: 61.214, 60.807
Resistance: 61.714, 62.07
What it said to watch
Failure to hold the 61.21 london low, or a break of the rising trendline, would return price to the Asian range.
A close above the 61.714 session high exposes the 62.07 nfp high and the top of the nfp drop fib.
Loss of the 60.81 asia low would undo Monday's higher-low structure.
ISM Services PMI and Prices Paid at 14:00 UTC (after the 13:45 UTC S&P PMI) could materially shift this read.
07:48 UTC
Intraday uptrend, pressing Asian high · RSI 66 · price 61.606
Higher lows since weekend gap, testing Asian range top.
Silver is extending Friday's post-NFP rebound on softer yields. A push from the 60.807 swing low, starting just before London open, has carried price back to the Asian high at 61.656, near the 78.6% of Friday's NFP fib. The 61.214 pullback low marks the early London higher low and sits above rising lows from the monday low at 60.59; RSI(14) is around 66, warm but not stretched.
Support: 61.214, 60.807, 60.59
Resistance: 61.656, 62.07
What it said to watch
M15 close above 61.656 asian high opens the 62.07 nfp high
Rejection at the asian high and a break of the 61.214 pullback low returns price to the Asian range
Loss of the 60.807 swing low breaks the rising lows and today's higher-low structure
S&P Global PMI at 13:45 UTC and ISM Services at 14:00 UTC (f/c 55.7) could materially shift this read
Higher lows off 60.81 asian base, capped at 61.50 london high.
Asia ran from the 60.59 asian low after the weekend gap to the 61.656 asian high, then faded into a 60.81 asian base double bottom. The 06:00 UTC push off that base stalled twice at the 61.50 london high into London open, leaving price at 61.29 near the 61.8% fib of the asian pullback with RSI(14) at 57. The soft NFP repricing underpins the bounce, and ISM Services is the next catalyst.
Support: 61.214, 60.81, 60.59
Resistance: 61.498, 61.656
What it said to watch
M15 close above the 61.50 london high reopens the 61.656 asian high
Break of the 61.21 london low exposes the 60.81 asian base and the higher-lows trendline
Price pivoting around the 61.8% fib (~61.33) of the asian pullback; acceptance either side sets the next leg
Loss of the 60.59 asian low breaks the higher-lows sequence
ISM Services PMI at 14:00 UTC (f/c 55.7, plus Prices Paid) could materially shift this read
07:18 UTC
Intraday recovery, higher lows since the Monday gap · RSI 59 · price 61.443
Inside the Asian range 60.59–61.656, double base at 60.81 broke higher into London open.
Silver gapped up from Friday's 60.35 close as the NFP miss kept rate pricing soft. A double base at 60.81 late in Asia gave way to a 06:00 UTC breakout into a 61.498 session high at the London open, with RSI(14) near 59 and price still capped below the 61.656 asian high.
Support: 61.214, 60.81, 60.59
Resistance: 61.498, 61.656
What it said to watch
M15 close above the 61.656 asian high breaks the Asian range to the upside
Loss of the 61.214 pullback low exposes the 60.81 double base
Break of the rising lows trendline and the 60.59 asian low voids the higher-low sequence
S&P PMI 13:45 UTC and ISM Services 14:00 UTC (f/c 55.7) could materially shift this read
07:05 UTC
Intraday range, higher lows since Asia open · RSI 55 · price 61.307
Asian range 60.59–61.656; London open lifted price off a 60.81 base to 61.496.
Silver gapped above Friday's 60.35 close, extending the bounce from the soft NFP. It ran to the 61.656 Asian high, then chopped between a 60.807 swing low and the upper 61s, with higher lows holding a rising trendline from the 60.59 Asian low. The London open push stalled at 61.496, a lower high under the Asian high, and price is now retesting the 61.243 pullback low with RSI(14) neutral near 55.
Support: 61.243, 60.807, 60.59
Resistance: 61.496, 61.656, 61.75
What it said to watch
ISM Services PMI at 14:00 UTC (f/c 55.7) could materially shift this read; a hot print revives rate-hike pricing
M15 close above the 61.656 Asian high opens the 61.75 prior cap
Loss of the 61.243 pullback low returns price to the 60.81–61.05 base
Break below the 60.807 swing low and rising trendline exposes the 60.59 Asian low
Double low at 60.81 broke its 61.285 neckline; lower high at 61.50 below the Asian high.
Silver gapped higher at the Monday open after Friday's soft NFP. It ran to the 61.656 Asian high, then pulled back to a double low at 60.81, which sits on the 78.6% retracement of the Asian rally fib. The 06:00 UTC push broke the falling trendline and the 61.285 neckline but stalled at a 61.50 lower high into the London open, with RSI(14) neutral near 55.
Support: 60.92, 60.81, 60.59
Resistance: 61.496, 61.656, 62.07
What it said to watch
M15 close back below the 60.92 swing low undoes the neckline breakout
Loss of the 60.81 double low exposes the 60.59 Asian low and the opening gap
M15 close above the 61.50 lower high reopens the 61.656 Asian high, with the Friday nfp high at 62.07 beyond
S&P Global PMI 13:45 UTC and ISM Services 14:00 UTC (f/c 55.7) could materially shift this read via yields
Higher low at 60.81, lower high vs Asian high pending.
Silver extended the soft-NFP gap higher to an Asian high at 61.656, then based in a double low near 60.81 along rising lows. A late-Asia break of the 61.05 neckline ran to a breakout high at 61.496, short of the Asian high, with RSI(14) near 61 ahead of London open.
Support: 61.05, 60.81, 60.59
Resistance: 61.496, 61.656
What it said to watch
M15 close above the 61.656 asian high clears the Asian range; above the breakout hi at 61.496 the 61.4–61.75 band is where prior selling has capped
Failure to hold the 61.05 neckline returns price to the range and puts the 60.81 double low back in play
A break of the rising lows and the 60.59 monday low negates the double bottom read
ISM Services PMI 14:00 UTC (f/c 55.7, with Prices Paid) could materially shift this read; a hot print reviving hike bets weighed on silver last week
06:17 UTC
Intraday recovery, higher off the Asia lows · RSI 63 · price 61.447
Double low at 60.81 broken higher, price below Asian high.
Silver gapped above Friday's 60.35 close as the 29K NFP miss kept Fed hike pricing down. The Asian high at 61.656 drew a 78.6% pullback that formed a double low at 60.81. The final hour of Asia broke through 61.05, putting price back above 61.00 psych and both EMAs with RSI(14) near 63, and the Asian high is the next cap.
Support: 61.00, 60.81, 60.59
Resistance: 61.656, 62.07
What it said to watch
M15 close back below 61.00 psych would neutralise the double-low breakout
Break of 61.656 asian high puts the 62.07 nfp high from Friday's spike back in view
Loss of the 60.81 double low and 60.59 asian low reopens the Monday gap toward 60.35
London open in ~45 min is the first test of whether the breakout holds
S&P Global PMI 13:45 UTC and ISM Services 14:00 UTC (f/c 55.7, Prices Paid) could materially shift this read
Lower highs off 61.656, compressing above 60.81 swing low.
Silver gapped up at the weekend open on the soft-NFP repricing, then ran from the 60.59 asia low to a 61.656 session high before fading into lower highs at the 61.285 swing high and 61.05. Late Asia, price is coiling at the 61.8% retrace of that rally, with the 60.81 swing low holding twice.
Support: 60.81, 60.59
Resistance: 61.05, 61.285, 61.656
What it said to watch
M15 close above the 61.05 lower high and the falling trendline breaks the lower-high sequence and exposes the 61.285 swing high
Reclaim of 61.285 puts the 61.656 session high back in play
Failure to hold the 60.81 swing low confirms a lower low, with the 60.59 asia low next
London open in about an hour: a break of the 60.81–61.05 Asia compression would define the session range
ISM Services PMI at 14:00 UTC (f/c 55.7) could materially shift this read; a hot print revives hike pricing
05:47 UTC
Pullback within Asia rally, lower highs · RSI 42 · price 60.997
Lower highs off 61.656 session high, compressing 60.81–61.05.
Asia gapped above the 60.352 Friday close and ran to a 61.656 session high on post-NFP Fed repricing, then printed a lower high at 61.285 under a falling trendline. Late in the Asia session, price is compressing at the 61.8% fib near 61.00. The range top sits at 61.051 and the swing low at 60.807, with RSI(14) near 42.
Support: 60.807, 60.59, 60.352
Resistance: 61.051, 61.285, 61.656
What it said to watch
M15 close above the 61.051 range top and the falling trendline breaks the lower-high sequence, exposing the 61.285 lower high
Failure to hold the 60.807 swing low (78.6% fib) opens the 60.59 asia low and the friday close gap at 60.352
London open is due within the next 1-2h and may set the session range
ISM Services 14:00 UTC (f/c 55.7) could materially shift this read
05:33 UTC
Fading off Asia high, lower highs · RSI 47 · price 60.878
Silver opened the week with a gap up from the 60.352 Friday close and rallied off the 60.59 Asian low to a 61.656 session high. That high was rejected and the Asian session has since printed a chain of lower highs, with the soft-NFP bounce stalling as USD firms on Yemen safe-haven demand. Price now sits near the 78.6% retrace just above the 60.807 swing low, under both EMA20 and EMA50, RSI(14) ~47.
Support: 60.807, 60.59, 60.352
Resistance: 61.051, 61.285, 61.656
What it said to watch
Failure to hold the 60.807 swing low extends the lower-high sequence toward the 60.59 asian low, with the 60.352 friday close gap fill below
An M15 close above the 61.051 lower high and the descending trendline eases the fade read; the 61.285 swing high is the next structural cap
London open in ~1.5h is likely to test the current Asian range
ISM Services 14:00 UTC (f/c 55.7, plus Prices Paid) could materially shift this read; a hot print puts $60.00 back in focus
05:07 UTC
Intraday down-leg after Asia rally faded · RSI 48 · price 60.885
Lower highs below 61.656 session high, lower low at 60.807.
Monday opened with a gap above the 60.35 Friday close. The Asia rally off the 60.59 session low on the soft-NFP repricing met rejection at the 61.656 session high, followed by lower highs at 61.48 and 61.285 and a swing low at 60.807, near the 78.6% of the Asia rally fib. Price sits under the ema20 (~61.04) and just below EMA50 ahead of London open, with USD firmer on Yemen headlines.
Support: 60.807, 60.59, 60.352
Resistance: 61.04, 61.285, 61.656
What it said to watch
M15 close below the 60.807 swing low extends the lower-low chain toward the 60.59 session low and the Friday close gap at 60.35
Close back above the ema20 and the 61.285 lower high breaks the descending lower-high trendline
London open in ~2h, then S&P PMI 13:45 UTC and ISM Services 14:00 UTC (f/c 55.7) could materially shift this read
04:47 UTC
Intraday pullback, lower highs since Asian high · RSI 43 · price 60.96
Asian high rejected, lower-high / lower-low sequence near the 61.8% retracement.
Silver gapped up at the Sunday open from the 60.352 friday close and rallied off the 60.59 asian low to a 61.656 asian high, extending the soft-NFP bounce, then met rejection. Late Asia session shows lower highs at 61.481 and 61.285 and a fresh swing low at 60.807, with price near the 61.8% retracement of the asia rally fib and RSI(14) around 43.
Support: 60.807, 60.59, 60.352
Resistance: 61.285, 61.656
What it said to watch
M15 close below the 60.807 swing low extends the lower-low sequence toward the 60.59 asian low
M15 close above the 61.285 lower high breaks the lower-highs trendline and puts the 61.656 asian high back in focus
Loss of 60.59 opens a gap fill toward the 60.352 friday close
S&P Global PMI 13:45 UTC and ISM Services 14:00 UTC (f/c 55.7) could materially shift this read
04:32 UTC
Intraday pullback, lower highs since Asia peak · RSI 47 · price 60.858
Asia range 60.59–61.66 fading into lower-high/lower-low sequence.
Monday gapped up from Friday's 60.35 close and Asia ran to the 61.656 asia high, just shy of the $61.75 zone flagged in the macro read. That high was rejected and price has since printed lower highs at 61.48 and 61.285. Price now sits below the 20-EMA, pressing the 60.824 swing low, with about 75% of the Asia rally fib retraced. Friday's soft-NFP spike to 62.07 fully reversed to 59.68, which keeps the post-selloff range in play.
Support: 60.824, 60.59, 60.00
Resistance: 61.285, 61.656
What it said to watch
Failure to hold the 60.824 swing low extends the lower-low chain toward the 60.590 asia low
M15 close above the 61.285 lower high breaks the lower-high trendline and neutralises the fade
60.000 psych is the macro line into ISM; a break exposes Friday's 59.68 low
London open in ~2.5h could set the session range beyond Asia's 60.59–61.66
ISM Services 14:00 UTC (f/c 55.7, Prices Paid) and S&P PMI 13:45 UTC could materially shift this read
04:17 UTC
Asia up-leg stalling, lower high in place · RSI 51 · price 61.027
Pullback range 60.917–61.285 below the 61.656 session high.
Monday gapped above the 60.352 Friday close. Asia then ran from the 60.59 session low to a 61.656 session high as soft NFP trimmed Fed hike odds, before a ~69% rally fib pullback found a swing low at 60.917. Price is now pinned between that swing low and a 61.285 lower high, with RSI(14) neutral near 51 and price sitting just under EMA20.
Support: 60.917, 60.59, 60.352
Resistance: 61.285, 61.656, 62.07
What it said to watch
M15 close below the 60.917 swing low breaks the Asia higher-low and puts the session low at 60.59 and the friday close gap fill at 60.352 back in play
M15 close above the 61.285 lower high breaks the lower-highs trendline and reopens the 61.656 session high, with the 62.07 friday high (NFP spike) beyond
London open in ~3h likely sets the break direction of the 60.917–61.285 range
S&P Global PMI 13:45 UTC and ISM Services 14:00 UTC (f/c 55.7) could materially shift this read via yields
Silver gapped above Friday's 60.352 close at the Monday open and rallied through Asia to a 61.656 session high. The soft 29K NFP is still feeding the bounce. Since that rejection, price has printed a lower high at 61.481 and a minor high at 61.285, while the 60.917 pullback low held just under the 61.8% fib of the 60.59–61.656 Asia rally. Price is now mid-range near EMA20 with RSI(14) neutral around 53, late in the Asia session.
Support: 60.917, 60.59
Resistance: 61.285, 61.481, 61.656
What it said to watch
A close above the 61.285 minor high breaks the lower-highs sequence; the 61.481 lower high and 61.656 session high sit above.
Failure to hold the 60.917 pullback low exposes the 60.59 Asian low and the Monday gap fill toward 60.35.
London open in about 3h is the first test of the Asian range.
S&P Global PMI at 13:45 UTC and ISM Services at 14:00 UTC (f/c 55.7) could materially shift this read.
Higher low at 60.92 inside the 60.59–61.66 Asian range.
Silver gapped up at the Asia open from the 60.35 Friday close, still leaning on the soft NFP repricing, and ran from the 60.59 Asian low to a 61.66 session high before fading into a series of lower highs. The pullback held at the 60.92 swing low near the 61.8% fib, a higher low, and price is back to 61.23 above EMA20 with RSI(14) neutral at 56 late in the Asia session.
Support: 60.92, 60.59, 60.35
Resistance: 61.48, 61.66
What it said to watch
M15 close above the 61.48 lower high puts the 61.66 session high back in play
Loss of the 60.92 swing low breaks the higher-low line and exposes the 60.59 asian low
Gap down to the 60.35 friday close remains unfilled; a move through 60.59 opens it
London open at 07:00 UTC is the first test of the Asian range boundaries
ISM Services PMI at 14:00 UTC (f/c 55.7) could materially shift this read
Higher low above 60.59, lower high at 61.481 under session high.
Silver gapped up at the Asia open above Friday's 60.352 close and ran from the 60.59 Asian low to a 61.656 session high, where it was rejected inside the 61.00–61.75 cap that has held all week. The pullback held at 60.917, near the 61.8% fib, and price now sits on the 50% level around 61.13 with RSI(14) near 56 and EMA20 just below.
Support: 60.917, 60.59, 60.352
Resistance: 61.481, 61.656, 62.07
What it said to watch
Break of the 60.917 pullback low and the rising trendline exposes the 60.59 Asian low, then the 60.352 gap fill
M15 close above the 61.481 lower high reopens the 61.656 session high, with the 62.07 NFP spike high above
ISM Services PMI at 14:00 UTC (f/c 55.7) could materially shift this read, with yields still the dominant driver
Pullback inside the 60.59–61.656 Asian range after a weekend gap up.
Silver gapped up about 28 cents above Friday's 60.352 close and ran to 61.656 in the Asia session before rejection. Haven USD demand in Asia then capped price at a 61.481 lower high and pushed it back through the 61.00 psych level, so price now sits at the 61.8% fib near 60.997, just above the 60.917 pullback low, with RSI(14) neutral near 50.
Support: 60.917, 60.59, 60.352
Resistance: 61.00, 61.481, 61.656
What it said to watch
M15 close below the 60.917 pullback low extends the lower-high sequence toward the 60.59 asian low
Loss of the 60.59 asian low puts the 60.352 gap fill in play
Reclaim of 61.00 psych and the 61.481 lower high reopens the 61.656 asian high
ISM Services at 14:00 UTC (f/c 55.7) could materially shift this read
Asia gapped above Friday's 60.35 close and ran from the 60.59 session low to a 61.656 session high. It then faded through a lower high at 61.48. The latest bar broke the 61.20 broken shelf to a 60.94 pullback low, near the 61.8% fib of the leg and flat against EMA20 around 61.05, after Friday's NFP spike to 62.07 reversed as yields dominated.
Support: 60.94, 60.82, 60.59
Resistance: 61.20, 61.48, 61.656
What it said to watch
Failure to hold the 60.94 pullback low exposes the 60.82 rally base, then the 60.59 session low
Reclaim of the 61.20 broken shelf and the lower highs trendline reopens 61.48
M15 close above the 61.656 session high would negate the lower-high sequence
ISM Services 14:00 UTC (f/c 55.7) could materially shift this read; yields remain the driver
Gap-up Asia rally, now a tight range under a lower high.
Silver gapped up from Friday's 60.35 close and broke above the Asian high at 60.896. It ran to a 61.656 session high, retracing part of Friday's post-NFP collapse from the 62.07 NFP high to 59.68. Rejection at the session high left a lower high at 61.481. Price is now compressing between that and the 61.149 swing low, sitting on the 38.2% fib of the Asia rally with RSI(14) near 61.
Support: 61.149, 60.896, 60.59
Resistance: 61.481, 61.656, 62.07
What it said to watch
M15 close above the 61.481 lower high breaks the lower-high trendline and reopens the 61.656 session high
Loss of the 61.149 swing low exposes the 50–61.8% fib zone and the 60.896 Asian high
Break back below the 60.59 Asian low starts to fill the weekend gap
US ISM Services PMI (14:00 UTC, f/c 55.7) and S&P Global PMI (13:45 UTC) could materially shift this read via yields
Weekend gap up, Asian rally from 60.59 to 61.66, now consolidating 61.15–61.48.
Silver gapped above Friday's 60.35 close and rallied through the Asian session from the 60.59 asia low to a 61.66 session high, even as USD firmed on haven demand. Price is now consolidating between the 61.15 pullback low, which held near the 50% of the asia rally fib, and the 61.48 local high. RSI(14) has cooled to about 66, and the 61.00–61.75 band flagged as this week's cap sits overhead.
Support: 61.15, 60.59, 60.35
Resistance: 61.48, 61.66, 62.07
What it said to watch
M15 close below the 61.15 pullback low breaks the 50% asia rally fib and exposes 61.00
Acceptance above the 61.48 local high and 61.66 session high reopens Friday's 62.07 nfp high
Loss of the 60.59 asia low exposes a fill of the weekend gap to the 60.35 friday close
ISM Services PMI 14:00 UTC (f/c 55.7), with S&P PMI at 13:45 UTC, could materially shift this read
Asia session gapped up from Friday's 60.35 close, held a 60.59 monday low, then broke the opening range to a 61.656 session high. The pullback found demand at the 61.149 swing low, near the 50% fib of the move, and price is consolidating around 61.39 with RSI(14) near 68. Friday's NFP spike to the 62.07 nfp high fully reversed as yields dominated.
Support: 61.149, 61.00, 60.59
Resistance: 61.656, 62.07
What it said to watch
M15 close below the 61.149 swing low breaks the higher-low trendline and exposes the 61.00 round number
Close above the 61.656 session high opens a path toward the 62.07 nfp high
Loss of 61.00 puts the gap fill and 60.59 monday low back in play
ISM Services PMI 14:00 UTC (f/c 55.7) could materially shift this read
Silver gapped up at the weekly open from Friday's 60.35 close. The Asia session rally then ran from the 60.59 asian low to a 61.656 session high. The pullback held 61.15, a pullback low near the rally's 50% fib and above the 61.00 round number, and the bounce is capped so far at a 61.48 micro high. Price is back inside the 61.00–61.75 band that capped rebounds last week, with yields still the dominant driver.
Support: 61.149, 61.00, 60.59
Resistance: 61.481, 61.656, 62.07
What it said to watch
M15 close above the 61.656 session high extends the HH chain toward the 62.07 nfp high
Break below the 61.149 pullback low (and the Asia trendline) prints a lower low, exposing the 61.00 round number
Loss of the 60.59 asian low reopens the gap toward Friday's 60.35 close
ISM Services PMI (14:00 UTC, f/c 55.7) and its Prices Paid read could materially shift this read
Weekend gap up, early Asian range break, HH at 61.656 then HL at 61.149.
Silver gapped ~280 pips above Friday's 60.352 close at the Sunday open. It held a 60.59–60.91 early Asian range, then broke higher into a 61.656 session high, where it printed a rejection wick. The pullback held the 61.149 pullback low near the 50% fib of the Asian rally, with RSI(14) cooling from ~69 to 63 and price above EMA20/EMA50 as it presses into the 61.00–61.75 area that capped rallies last week.
Support: 61.149, 61.00, 60.59
Resistance: 61.656, 62.07
What it said to watch
M15 close back below the 61.149 pullback low exposes the 61.000 round number and the 61.8% Asian rally fib near 61.00
A break above the 61.656 session high puts the 62.070 nfp high from Friday's spike in play
Failure under the 60.590 asian low erases the breakout and reopens the gap toward 60.352
S&P Global PMI (13:45 UTC) and ISM Services (14:00 UTC, f/c 55.7) could materially shift this read via yields
Gap up, opening range broken, HH/HL chain from 60.59.
Monday's Asia session gapped up from Friday's 60.352 close. It held a 60.59–60.91 opening range, then broke higher to a 61.656 session high, where it printed a wick rejection, and is now holding above the 61.149 swing low. The bounce retraces part of Friday's post-NFP flush from the 62.07 nfp high to 59.676, even though the backdrop of yields near the 2002 high remains heavy for silver. RSI(14) is near 70.
Support: 61.149, 61.00, 60.59
Resistance: 61.656, 62.07
What it said to watch
M15 close above the 61.656 session high opens the path back to the 62.07 nfp high, inside the 61.00–61.75 area that capped rallies last week
Failure to hold the 61.149 swing low exposes the 61.00 round number, which lines up with the 61.8% fib of the 60.59–61.656 leg
Loss of the rising support from the 60.59 monday low would put the gap back toward 60.352 in play
S&P Global PMI 13:45 UTC and ISM Services 14:00 UTC (f/c 55.7) could materially shift this read via yields
Silver gapped up at the Asia open from Friday's 60.352 close and held a 60.59 asian low to 60.896 asian high range before breaking out after 00:00 UTC, printing five straight higher lows into a 61.656 session high. The move is running into last week's 61.00–61.75 cap with no fresh news behind it, and RSI(14) is near 73, warm but not stretched.
Support: 61.00, 60.896, 60.59
Resistance: 61.656, 62.07
What it said to watch
M15 close above the 61.656 session high opens a path toward Friday's 62.07 nfp high
Close back below the 61.00 round number, near the 61.8% fib of the Monday rally, would undercut the breakout
Return inside the Asian range below 60.896 would mark the breakout as a false break
ISM Services PMI Mon 14:00 UTC (f/c 55.7) could materially shift this read via yields
Gap-up open, break of early Asian range, higher highs.
Silver opened with a gap up from Friday's 60.35 close. After a quiet first hours it broke the early Asian high at 60.91 and pushed to a 61.33 session high, with RSI(14) near 74. Price is now back inside Friday's pre-NFP 61.00–61.55 band, which the macro digest identifies as the recent cap despite the soft payrolls print. The move is holding above the 61.03 breakout area and the 61.8% fib of the post-NFP rebound.
Support: 61.03, 60.91, 60.59
Resistance: 61.33, 61.55, 62.07
What it said to watch
M15 close above the 61.33 session high opens the 61.55 prior high, then the 62.07 nfp spike
Failure to hold the 61.03 breakout returns price toward the 60.91 Asian high and the 60.59 session low
ISM Services PMI at 14:00 UTC (f/c 55.7) and Prices Paid could materially shift this read via yields
Asian range break higher, stalling at the 61.8% fib.
Silver gapped up at the Sunday open from the 60.35 Friday close. It held a 60.59–60.90 early Asian range, then broke above the Asian high after 00:00 UTC to a 61.158 session high. That high sits on the 61.8% retracement of Friday's post-NFP drop from the 62.07 NFP high to 59.68, with higher lows at 59.68, 60.30 and 60.59 and RSI(14) near 69.
Support: 60.90, 60.59, 60.352
Resistance: 61.158, 61.545, 62.07
What it said to watch
M15 close above the 61.16 session high and 61.8% fib exposes Friday's 61.545 prior high
Slip back below the 60.90 Asian high marks a false break, with the 60.59 Asian low next
A gap fill toward the 60.35 Friday close would break the higher-lows trendline
ISM Services PMI Mon 14:00 UTC (f/c 55.7) and Prices Paid could materially shift this read
Monday Asia gapped above the 60.35 friday close and broke the 60.59–60.91 Asian range higher in thin, news-free trade, RSI(14) near 68. Price is retracing the post-NFP drop from 62.07 to 59.68 and now sits just under the 61.8% fib at 61.16, which lines up with Friday's pre-NFP prior high.
Support: 60.91, 60.59, 60.352
Resistance: 61.16, 61.462
What it said to watch
M15 close back below the 60.91 asian high would mark the range break as a false break
Acceptance above the 61.8% fib at 61.16 opens the 61.46 friday high
Loss of the 60.59 asian low, also the 38.2% retracement, exposes a fill of the gap toward the 60.35 friday close
ISM Services at 14:00 UTC (f/c 55.7) later Monday could materially shift this read, with yields still the dominant driver
00:17 UTC
Intraday recovery, early Asia · RSI 61 · price 60.925
Monday gap-up, Asian range 60.590–60.911 with the top under test.
Silver gapped up about 28 cents at the Monday open from Friday's 60.352 close. It has since held a 60.590–60.911 Asian range, and the latest bar is pressing the Asian high near the 50% retrace of Friday's post-NFP drop from 62.07 to 59.676. RSI(14) sits near 61, and Friday's late-session prior high at 60.724 is acting as intraday support; the soft NFP gave little lift on Friday because yields stayed firm.
Support: 60.724, 60.59, 60.352
Resistance: 60.911, 61.00, 61.155
What it said to watch
M15 closes above the 60.911 Asian high and the 61.000 round number would expose the 61.8% fib at 61.155, inside the 61.00–61.75 cap noted this week
Loss of the 60.724 prior high, then the 60.590 Asian low, would put the gap fill toward 60.352 back in view
ISM Services PMI at 14:00 UTC (f/c 55.7) and its Prices Paid sub-index could materially shift this read
Thin early Asia session; London open is the first real test of the Asian range
00:05 UTC
Post-NFP selloff stabilising, sideways at the open · RSI 55 · price 60.668
Monday gap up, Asian range 60.59–60.90 inside the Friday drop.
Friday's NFP spike to 62.07 fully reversed to a 59.676 low as yields, not the payrolls miss, drove the metal. Silver gapped about 280 pips above the 60.352 Friday close at the Monday open and has since ranged in an Asian band. The asia high at 60.896 sits on the 50% fib of the drop and the asia low at 60.59 on the 38.2%. Price is hugging the flat EMA20/EMA50 with RSI(14) neutral near 55.
Support: 60.59, 60.352, 60.00
Resistance: 60.896, 61.155
What it said to watch
M15 close below the 60.59 asia low puts the gap fill toward the 60.352 fri close in play, with 60.00 psych beneath
Acceptance above the 60.896 asia high / 50% fib opens the fib 61.8 at 61.155
ISM Services PMI at 14:00 UTC (f/c 55.7) plus Prices Paid could materially shift this read via yields
Range still developing in the Asia session; London open is the first test of the asian range