Double bottom 58.49/58.53, 59.40 neckline cleared in early Asia.
Early Asia trade carried silver above the 59.40 neckline, the NY high capping the double bottom at the 58.49 2-month low and 58.53. The move stalled at the 59.535 session high, which is the 50% retracement of the 60.58–58.49 decline. RSI(14) is near 71 with rising lows intact, while the post-FOMC-minutes backdrop stays heavy.
Support: 59.40, 59.22, 58.494
Resistance: 59.535, 60.00, 60.58
What it said to watch
M15 close back below the 59.40 neckline would mark the breakout as a false break
Loss of the 59.22 session low breaks the rising lows sequence
Acceptance above the 59.535 session high opens the path to 60.00 psych, with the 60.58 prior high above
A break of the 58.49 2-month low voids the double bottom read
UoM sentiment and inflation expectations (Fri 14:00 UTC) could materially shift this read
After the hawkish-minutes selloff through the 60.00 psych level, silver set a two-mo low at 58.494 in London and a 58.525 retest in NY. That forms a double bottom with a 59.40 neckline. Early Asia session is pressing that line with a 59.425 asia high above the 59.219 asia low. RSI(14) sits near 68, short-term hot but not extreme.
Support: 59.219, 58.931, 58.494
Resistance: 59.425, 60.00
What it said to watch
M15 close above the 59.425 asia high confirms the double bottom and opens the 60.00 psych level
Slip back below the 59.219 asia low puts the 58.931 higher low and the double-bottom leg's 50–61.8% fib (58.97–58.87) in play
Loss of the 58.494 two-mo low invalidates the double bottom read
UoM sentiment and inflation expectations Fri 14:00 UTC could materially shift this read via yields
Double bottom at 58.49/58.52, testing 59.42 neckline.
Silver lost $60 after the hawkish FOMC minutes and printed a 2-month low at 58.49, then a second low at 58.52 during NY hours. A higher-low chain since then carried early Asia to a session high at 59.42, retesting the 14:15 UTC swing high that forms the double bottom neckline. RSI(14) near 66 and the bars are still capped below the 59.60 breakdown area.
Support: 59.12, 58.93, 58.49
Resistance: 59.42, 59.60, 60.00
What it said to watch
M15 close above the 59.42 session high confirms the double bottom and opens the 59.60 breakdown level
Rejection at 59.60 or the 60.00 psych level keeps the post-minutes downtrend structure intact
Close below the 59.12 higher low breaks the higher-lows trendline; the 58.93 swing low and 58.49 2-month low follow
Deep retracement of the 58.49–59.42 leg reopens the lower range
Fri 14:00 UTC UoM sentiment and inflation expectations could materially shift this read
22:49 UTC
Recovering off day lows, pressing resistance · RSI 67 · price 59.401
Double bottom at 58.49/58.53 with higher lows; price at the 59.42 neckline.
Silver sold off from the 60.58 Asia spike after the hawkish FOMC minutes, then built a double bottom at the 58.49/58.53 day low during London and NY. The early Asia session has lifted price into the 59.42 ny high, the pattern neckline. Price sits above the 38.2% retracement at 59.29 and the ema20 at 59.18, with RSI(14) at 67 and a rising higher-lows trendline underneath.
Support: 59.17, 58.93, 58.50
Resistance: 59.42, 59.54, 60.00
What it said to watch
M15 close above the 59.42 ny high completes the double bottom and exposes the 50% fib at 59.54, then 60.00 psych
Rejection at 59.42 plus a break of the ema20 and the higher-lows trendline near 59.17 returns focus to the 58.93 range low
Failure to hold the 58.50 day low confirms a lower-low
UoM sentiment and inflation expectations (Fri 14:00 UTC) could materially shift this read
Double bottom at 58.49/58.53, higher lows into early Asia.
Silver lost $60 on the hawkish FOMC minutes and set a 58.49 two-month low in London, then retested it at 58.53 in NY to form a double bottom. Early Asia has lifted price off the 59.22 Asian low and back to the 59.40 neckline, with RSI(14) near 67 and rising lows from the 58.53 retest still intact.
Support: 59.22, 58.93, 58.49
Resistance: 59.40, 60.00
What it said to watch
M15 close above the 59.40 neckline confirms the double bottom and opens the 50% fib at 59.54, then 60.00 psych
Loss of the 59.22 asian low and the rising lows line returns focus to the 58.93 swing low
Break of the 58.49 2m low invalidates the double bottom read
UoM sentiment and 1y/5y inflation expectations (Fri 14:00 UTC) could materially shift this read
Higher lows off 58.49/58.53 twin lows, capped below 59.40 neckline.
Early Asia session has lifted silver out of the late-NY 58.93–59.23 box to 59.29. That puts price at the 38.2% fib of Thursday's 60.58–58.49 slide, with twin lows at 58.49/58.53 and a line of rising lows underneath, while the 59.33 lower high and 59.40 neckline cap. The bounce follows the hawkish FOMC minutes selloff and so far holds inside the broader range.
Support: 59.09, 58.93, 58.49
Resistance: 59.33, 59.40, 60.00
What it said to watch
M15 close above the 59.40 neckline completes the double bottom and puts the 60.00 psych level in view
Rejection at the 59.33 lower high keeps the range intact
Break of the 59.09 pullback low and the rising lows line exposes the 58.93 range floor
Loss of the 58.49 two-mo low negates the double bottom
UoM sentiment and inflation expectations (Fri 14:00 UTC) could materially shift this read
22:05 UTC
Post-selloff range, rising lows into the daily open · RSI 56 · price 59.248
58.49–59.40 range with rising lows from 58.525 and lower highs at 59.40/59.33.
After hawkish FOMC minutes, the Asian spike to 60.58 was sold and price broke the Asian range, printing a two-mo low at 58.494 in London. The 58.525 retest held in NY, and rising lows since then have lifted price to 59.25 at the early-Asia open, just under lower highs at 59.33 and 59.40 that cluster around the 38.2% fib of the drop.
Support: 58.93, 58.50
Resistance: 59.33, 59.40, 60.00
What it said to watch
M15 close above the 59.40 ny high breaks the lower-high sequence and clears the 38.2% fib; 60.00 psych is the next cap
Loss of the 58.93 swing low breaks the rising lows and puts the 58.50 two-mo low back in play
UoM sentiment and 1y/5y inflation expectations (Fri 14:00 UTC) could materially shift this read
Double bottom 58.49/58.53 under 59.40 neckline; late-NY compression 59.09–59.24.
The Asian spike to 60.58 fully unwound on the hawkish FOMC minutes. London printed 58.494, and NY's retest at 58.525 held, forming a double bottom with its neckline at the 59.40 rejection high. Late NY is compressing between a higher low at 59.09 and a 59.24 range top under the lower highs line, with RSI(14) neutral near 53.
Support: 59.088, 58.931, 58.494
Resistance: 59.235, 59.399, 60.00
What it said to watch
M15 close above the 59.40 neckline confirms the double bottom and opens the 50% fib of 60.58–58.49 near 59.54, with 60.00 psych above
Break of the 59.235 range top is the first sign the compression resolves higher; slipping under the 59.09 higher low keeps the lower highs sequence intact
Loss of the 58.93 swing low exposes the 58.49–58.53 double bottom zone
Fri 14:00 UTC UoM sentiment and 1y/5y inflation expectations could materially shift this read
Lower highs capping a retest of the 58.50 low; post-NY compression.
London sold the Asian rebound hard, and the drop from 60.58 printed a 2-month low at 58.494 with the hawkish FOMC minutes still weighing. NY retested that low at 58.525 and bounced, but lower highs at the 59.399 swing high and 59.332 capped the recovery. Post-NY trade is compressing between the 58.93 range floor and the 59.235 range top, with RSI(14) neutral near 53.
Support: 58.93, 58.50
Resistance: 59.235, 59.399
What it said to watch
M15 close above the 59.235 range top puts the 59.399 swing high and the lower highs line back in play
Close above 59.399 breaks the lower-high sequence and would set up a possible double bottom off the 58.50 lows
Loss of the 58.93 range floor exposes the 2-month low at 58.50 again
Break below 58.50 extends the drop from 60.58 to fresh lows
Fri 14:00 UTC UoM sentiment and inflation expectations could materially shift this read
Double low 58.49/58.53, lower highs 59.40/59.33, tight range 58.93–59.24.
The Asian spike to 60.58 was rejected, and London broke the 60.00 psych level to a 58.494 low as hawkish FOMC minutes and firm yields weighed. NY printed a second low at 58.525 for a double low. Price has since compressed into a 58.93–59.24 range under lower highs at the 59.40 NY high and 59.33, with ATR contracting after the NY close.
Support: 58.93, 58.50
Resistance: 59.235, 59.40, 60.00
What it said to watch
M15 close above the 59.235 range top puts the 59.40 NY high and the lower-highs line in play, with the double-low neckline there
Failure to hold the 58.93 range low reopens the 58.50 double low
A reclaim of 60.00 psych would put price back inside the Asia-London drop, above its 61.8% retracement
Thin Asia session liquidity overnight; Fri 14:00 UTC UoM sentiment and inflation expectations are the next yield-driven risk
Double bottom at 58.50 with higher lows; late-NY compression below neckline.
Asia's bounce to 60.58 was rejected, and London sold through the Asian range to a 2-month low at 58.494 as hawkish FOMC minutes weighed. NY retested 58.525 and buyers stepped in, building a double bottom with a 59.33–59.40 neckline (swing high / NY high). Late NY is compressing between the 59.03 range floor and the 59.235 range top, holding above the 38.2% fib with the higher-lows trendline intact.
Support: 59.03, 58.93, 58.494
Resistance: 59.235, 59.332, 59.399
What it said to watch
M15 close above the 59.40 NY high completes the double bottom and opens 60.00
Break of the 59.03 range floor and the higher-lows trendline exposes the 50% fib at 58.93, then the 58.50 2-month low
Daily rollover is due within the hour; thin liquidity can distort range top/floor tests
UoM sentiment and 1y/5y inflation expectations, Fri 14:00 UTC (~17h), could materially shift this read
Tightening range under lower highs, higher lows since 58.525.
Silver was rejected at the 60.58 Asian high and slid to a 58.494 two-month low in London after the hawkish FOMC minutes. NY retested that low at 58.525, forming an unconfirmed double bottom with a 59.399 swing high. Late NY is compressing between the 58.931 higher low and the descending trendline, holding just above 59.00 psych with RSI(14) neutral near 52.
Support: 59.00, 58.931, 58.494
Resistance: 59.235, 59.399
What it said to watch
Close above the 59.235 range top and the descending trendline exposes the 38.2% selloff fib near 59.29
Break above the 59.399 swing high would confirm the double bottom
Loss of 59.00 psych and the 58.931 higher low reopens the 58.494 two-mth low
UoM sentiment and 1y/5y inflation expectations Fri 14:00 UTC could materially shift this read
Double bottom at 58.49/58.53, lower highs vs rising lows.
Hawkish FOMC minutes and oil-led inflation fears drove silver from the 60.58 Asian high to a 2-month low at 58.49 in London. The NY retest at 58.53 held, forming a double bottom. Late NY is compressing between rising lows and lower highs under the 59.23 range top, near the 38.2% fib at 59.29, with RSI(14) ~57.
Support: 58.93, 58.50
Resistance: 59.23, 59.40, 60.00
What it said to watch
M15 close above the 59.40 prior high completes the double bottom and opens the 60.00 psych level
Break of the lower-highs line through the 59.23 range top ends the compression
Loss of the 58.93 swing low exposes the 58.50 2-month low again
UoM sentiment and inflation expectations Fri 14:00 UTC (~17h) could materially shift this read
Daily rollover in ~30 min; thin liquidity can distort the rising-lows line
Double bottom near 58.50, higher-low chain pressing 59.22 session high.
After the hawkish FOMC minutes, the Asian pop to 60.58 was rejected and London drove silver to a 58.494 2-month low. The NY bounce capped at the 59.40 ny high, and the 58.525 retest held, forming a double bottom. Late NY has stacked higher lows along a rising trendline into the 59.22 session high.
Support: 59.088, 58.931, 58.494
Resistance: 59.223, 59.399, 60.00
What it said to watch
M15 close above the 59.40 ny high breaks the lower-high sequence and puts 60.00 psych in view
Loss of the 59.09 higher low and the rising trendline returns price to the 58.93 swing low
Failure to hold the 58.494 2-month low negates the double bottom
UoM sentiment and inflation expectations Fri 14:00 UTC (~18h) could materially shift this read
58.50–59.40 range since London; higher low at 58.93 in late NY.
Hawkish FOMC minutes drove a rejection of the 60.58 Asian high and a slide to the 58.494 two-month low in London. A second low at 58.525 during NY hours held, and late NY has built a higher low at 58.93, with price grinding back toward the 59.40 NY high and about 79% of the NY high-to-low drop retraced.
Support: 58.93, 58.494
Resistance: 59.399, 60.00
What it said to watch
Close above the 59.40 ny high breaks the range top and confirms the double bottom; 60.00 psych sits above
Break below the 58.93 higher low returns price to the range floor
Loss of the 58.50 2m low invalidates the double bottom read
UoM sentiment and inflation expectations Fri 14:00 UTC, ~18h away, could materially shift this read
Double bottom forming at 58.49/58.53; late-NY coil 58.93–59.22 under the 59.33 lower high.
The Asia spike to 60.58 failed. London then broke the Asian range low to print a 2-month low at 58.49 after the hawkish FOMC minutes. NY retested the area at 58.53 and has since built rising lows into a tight late-session coil between the 58.93 range low and the 59.33 lower high, with price retracing about 70% of the NY decline from the 59.40 NY high.
Support: 58.93, 58.49
Resistance: 59.33, 59.40
What it said to watch
Close above the 59.40 NY high completes the double bottom and invalidates the intraday downtrend read
Loss of the 58.93 range low and the rising-lows line returns focus to the 58.49 2-month low
Fri 14:00 UTC UoM sentiment and inflation expectations could materially shift this read
19:33 UTC
Range after breakdown, lower highs intact · RSI 61 · price 59.14
58.50–59.40 range below the broken $60 floor, twin lows near 58.50.
Asian session spike to 60.58 was rejected, and London broke the $60 psych floor to a 58.49 2-month low as hawkish FOMC minutes and high yields kept silver heavy. Since then price has held a 58.50–59.40 range, with a NY retest of the low at 58.53 holding. It now sits at 59.14 in late NY, pinned between the 58.93 late NY low and the 59.21 late NY high, just under the 38.2% fib of the 60.58–58.49 drop at 59.29.
Support: 58.93, 58.50
Resistance: 59.21, 59.40, 60.00
What it said to watch
M15 close above the 59.40 range top and 38.2% fib clears the twin-low base and opens the 60.00 psych level
Loss of the 58.93 late NY low puts the 58.50 2-month low back in play
Fri 14:00 UTC UoM sentiment and inflation expectations could materially shift this read
Tight range 58.93–59.17 inside a 58.49–59.40 base, lower highs capping.
The Asia spike to 60.58 faded and silver broke under $60 into London, printing a 2-month low at 58.494 as hawkish FOMC minutes and high yields weighed. NY retested the lows at 58.525 (ny low) and held, but the bounces stalled at a lower high of 59.332 below the 59.399 ny high. Late NY trade is compressing between the 58.93 range floor and the 59.17 range top, with RSI(14) neutral near 57.
Support: 58.93, 58.525, 58.494
Resistance: 59.17, 59.332, 59.399
What it said to watch
M15 close above the 59.17 range top puts the 59.332 lower high and 59.399 ny high back in play; clearing 59.40 breaks the lower-high sequence
Loss of the 58.93 range floor exposes the 58.525 ny low and 58.494 2-month low
Rising higher-low line from 58.525 underpins the current range; a break below it weakens the base
Fri 14:00 UTC UoM sentiment and inflation expectations could materially shift this read
Lower highs 59.40/59.33 over flat lows 58.49/58.53, tight 58.93–59.16 box late NY.
Silver was sold from the 60.58 Asian high through $60 into early London as the hawkish FOMC minutes kept weighing, bottoming at the 58.49 day low. NY has since held a higher low at 58.53, but highs are capped at the 59.40 NY high and the 59.33 lower high. Price is now coiling in a 58.93–59.16 box late in NY, with RSI(14) neutral in the mid-50s.
Support: 58.93, 58.49
Resistance: 59.33, 59.40, 60.00
What it said to watch
M15 close above the 59.33 lower high clears the 38.2% retrace of the Asia-London drop (~59.29) and exposes the 59.40 NY high
Failure to hold the 58.93 range low reopens a test of the 58.49 day low
The 60.00 psych level remains the cap for any extension of the Asia-London drop retrace
Thin liquidity into the 21:00 UTC daily break can distort the range edges
UoM sentiment and inflation expectations Fri 14:00 UTC could materially shift this read
Range 58.49–59.40: twin lows 58.49/58.53 under lower highs 59.40/59.33.
XAG broke below the Asian range (59.67–60.58) into the London open, with hawkish FOMC minutes and high yields weighing, and printed a session low at 58.49. NY retested 58.53 and held, forming a double-bottom shape capped by the NY high at 59.40 and a lower high at 59.33, near the 38.2% retrace of the Asian high to session low drop. Price is compressing around 59.05 in late NY.
Support: 58.93, 58.494
Resistance: 59.332, 59.399, 60.00
What it said to watch
M15 close above the 59.40 ny high completes the double bottom and opens the 60.00 psych level
Loss of the 58.93 range floor puts the 58.50 session low back in play; a break there resumes the downtrend
Failure to clear the 59.33 lower high keeps the lower-high sequence intact
UoM sentiment and inflation expectations Fri 14:00 UTC could materially shift this read
18:32 UTC
Downtrend, pausing in a range · RSI 50 · price 58.966
58.50–59.40 range after the Asia selloff; lower high at 59.33 under the 59.40 range top.
The Asian bounce to 60.58 was sold back through the 60.00 psych level on the hawkish FOMC minutes and yields backdrop. Silver has ranged since London. The 58.50 day low held twice (10:30 and 16:00 UTC), while NY rallies met rejection at the 59.40 range top and then a lower high at 59.33. Late NY trade sits near 59.00 with RSI(14) ~50, a shallow retrace of the Asia-high fib.
Support: 58.80, 58.50
Resistance: 59.33, 59.40, 60.00
What it said to watch
M15 close above the 59.40 range top breaks the lower-high sequence and opens the 60.00 psych level
Loss of the 58.50 day low after two holds resumes the downtrend leg
Repeated closes under the 58.80 pivot put the range floor back in play
Oil/Iran headlines overnight and Fri 14:00 UTC Michigan sentiment plus UoM inflation expectations could shift yields and this read
18:17 UTC
Intraday downtrend, now ranging · RSI 51 · price 59.026
58.50–59.40 range under a lower high, double low at the base.
The Asian bounce to 60.58 was sold through London on the hawkish FOMC minutes read, with a session low at 58.494. Price has since held a 58.50–59.40 range. The NY high at 59.399 sits near the 38.2% retrace, and the 59.332 lower high capped it again. Price is holding a higher low at 58.93, with RSI(14) neutral at ~51 near EMA20.
Support: 58.931, 58.494
Resistance: 59.332, 59.399, 60.00
What it said to watch
Close above the 59.40 NY high breaks the range top and the 38.2% cap, opening the 60.00 psych level
Loss of the 58.93 higher low puts the 58.494 session low back in play; a break there resumes the intraday downtrend
Another rejection at the 59.33 lower high keeps the descending range-top line intact
Michigan sentiment and UoM inflation expectations Fri 14:00 UTC could materially shift this read via yields
18:04 UTC
Downtrend, ranging off the lows · RSI 50 · price 59.042
58.49–59.40 range since London, lower highs capping.
The Asian high at 60.58 was sold and silver broke the 59.90 Asian low before London, building a 58.49–59.40 range since. Hawkish FOMC minutes and yields near 2002 highs remain the backdrop. NY retested the 58.50 session low and bounced, but the 59.33 high is another lower high below 59.40, near the 38.2% fib. Price sits just under the ema50 at 59.10 with RSI(14) flat at 50, late in the NY session.
Support: 58.80, 58.50
Resistance: 59.10, 59.40, 60.00
What it said to watch
M15 close above the 59.40 lower high breaks the lower-highs sequence and puts the 60.00 psych level in view
Loss of the 58.80 swing low exposes the 58.50 session low; a break there extends the lower-low chain
Michigan sentiment and UoM inflation expectations Fri 14:00 UTC could materially shift this read
17:49 UTC
Downtrend, ranging since the London low · RSI 46 · price 59.024
Lower highs inside a 58.49–59.40 range after a pre-London break of 60.
Silver's Asian high at 60.58 was sold, and price lost the 60.00 psych level before the London open as the hawkish FOMC minutes weighed. London printed the session low at 58.494. NY has held a 58.49–59.40 range, with a rejection at the 59.40 NY high and a lower high at 59.33 capping near the 38.2% retrace of the Asia-London drop. Price is sitting just above EMA20 near 59.02, with a minor low at 58.80 underneath.
Support: 58.80, 58.494
Resistance: 59.332, 59.399, 60.00
What it said to watch
M15 close above the 59.40 NY high breaks the lower-high sequence and opens the 60.00 psych level
Loss of the 58.80 minor low exposes the 58.494 session low; a break there extends the downtrend
Musalem remarks (17:40 UTC) are still being digested; a hike-leaning tone that lifts yields could break the range lower
17:32 UTC
Range after sharp selloff, momentum neutral · RSI 51 · price 59.108
58.49–59.40 range since London, lower high at 59.33.
Silver has ranged 58.49–59.40 since London after the post-FOMC-minutes slide from the 60.58 Asia session high. The 16:00 UTC retest at 58.525 held just above the 2m low and left a higher low at 58.80. The NY bounce stalled at 59.33, under the 59.40 session high and the 38.2% fib, with price on a flat ema50 and RSI(14) near 51.
Support: 58.80, 58.50
Resistance: 59.40, 60.00
What it said to watch
Fed's Musalem at 17:40 UTC, minutes away, could break the range either side
M15 close above 59.40 session high confirms the double bottom and opens 60.00 psych
Loss of the 58.80 higher low puts the 58.50 2m low back in play
Range top trendline of lower highs from 59.40 still capping
17:17 UTC
Downtrend, basing in late NY · RSI 47 · price 59.11
58.50–59.40 range below lower highs, higher low at 58.80.
Since London morning, silver has ranged between 58.50 and 59.40 after the hawkish-minutes sell-off from the 60.58 Asian high. The 16:00 UTC retest of 58.50 held for a possible double low, but the late-NY spike high at 59.26 was rejected just under the 38.2% fib of the drop. Price is now pressing the EMA50 near 59.09 with RSI(14) neutral at 47, after London close.
Support: 58.80, 58.50
Resistance: 59.26, 59.40, 60.00
What it said to watch
M15 close above the 59.40 ny high confirms the double bottom and opens the 60.00 psych level
Loss of the 58.80 higher low, then the 58.50 double low, resumes the downtrend
Acceptance above the 59.26 spike high puts the fib 50% at ~59.54 in play
Fed's Musalem at 17:40 UTC (~25 min) could materially shift this read
Lower highs at 59.40 and 59.26, double-tested day low near 58.50.
Silver lost the 60.00 psych level after the Asian spike to 60.58 was sold on the hawkish FOMC minutes. Since then it has chopped in a 58.50–59.40 band below the Asian range, with the NY high at 59.40 stalling near the 38.2% fib. A spike to 59.26 after the day low was retested at 58.52 met immediate rejection, and RSI(14) at ~41 sits mid-range.
Support: 58.68, 58.50
Resistance: 59.26, 59.40, 60.00
What it said to watch
M15 close below the 58.50 day low extends the lower-low sequence out of the range
Close above the 59.40 ny high breaks the lower-high trendline and brings 60.00 psych into view
Spike high at 59.26 is the first cap; repeated rejection there keeps the range intact
Loss of the 58.68 swing low puts the day low back in play
Fed's Musalem at 17:40 UTC could materially shift this read
16:47 UTC
Downtrend, stalling into a range · RSI 46 · price 58.908
Lower highs since London drop; 58.49–59.40 band since mid-London.
Silver lost $60 during London on the hawkish FOMC minutes, sliding from 60.19 to a 58.494 day low. Since then it has traded a 58.49–59.40 band, where the 59.399 ny high and the post-London 59.259 spike high both met rejection for lower highs, while demand returned at the 58.525 swing low. RSI(14) near 46 and price pinned at EMA20 point to compression after London close.
Support: 58.525, 58.494
Resistance: 59.259, 59.399
What it said to watch
M15 close above the 59.259 spike high and the lower highs line weakens the downtrend read; the 59.399 ny high caps the range
Break below the 58.525 swing low and 58.494 day low resumes the lower-low sequence
Fed's Musalem at 17:40 UTC, under an hour away, could materially shift this read
16:32 UTC
Downtrend, pausing in a range · RSI 47 · price 58.923
Lower highs from 60.58, range 58.49–59.40 since London.
Sellers capped the Asian bounce at 60.58 after the hawkish FOMC minutes, and London broke below 59 to a day low at 58.494. In NY the rally stalled at the 59.399 ny high, the ny low at 58.525 held just above the day low, and the latest spike to the 59.259 wick high was rejected. Price is chopping mid-range under the lower-highs line, RSI(14) near 47 and sitting at the ema20.
Support: 58.525, 58.494
Resistance: 59.259, 59.399
What it said to watch
Close below the 58.525 ny low and 58.494 day low resumes the downtrend leg
Close above the 59.259 wick high and 59.399 ny high breaks the lower-highs line and the range read
Fed's Musalem at 17:40 UTC could jolt yields and this read
Fade back below the 50% ny swing fib keeps the range lower half in focus
NY bounce capped at 59.40, retesting the 58.68 swing low.
The Asian spike to 60.58 was sold and silver lost $60 into London on the hawkish FOMC minutes, setting a session low at 58.494. The NY bounce stalled at 59.40, the NY high, and has unwound back to the 58.68 swing low, keeping the lower-highs sequence intact. RSI(14) sits mid-range near 44.
Support: 58.68, 58.494
Resistance: 59.00, 59.399
What it said to watch
M15 close below the 58.68 swing low reopens the 58.494 session low
Recovery through the 59.00 round number and the 59.40 NY high breaks the lower-highs line
Fed's Musalem at 17:40 UTC (~1h40m) could materially shift this read via yields
15:48 UTC
Downtrend, lower high in place · RSI 44 · price 58.786
Lower highs from 60.58; NY rebound rejected at 59.40, price back below 59.00.
The Asian bounce failed at 60.58, and London broke $59 to a 58.494 session low as hawkish FOMC minutes and firm yields weighed. The early-NY rebound stalled at the 59.40 NY high, between the 38.2% and 50% levels of the 60.58–58.49 fib, and was rejected. That leaves a lower high, with price back under the 59.00 psych level and both EMAs, and RSI(14) near 44.
Support: 58.68, 58.494
Resistance: 59.00, 59.399
What it said to watch
Break of the 58.68 swing low exposes the 58.494 session low; a close beneath it extends the lower-low sequence
Reclaim of psych 59.00 followed by a close above the 59.40 NY high breaks the lower-high trendline read
Fed's Musalem at 17:40 UTC (20:40 broker) could materially shift yields and this read
15:32 UTC
Downtrend, NY rebound faded · RSI 48 · price 58.887
Lower high at 59.40 under a broken 59.00; price mid-range 58.49–59.40.
The failed Asian bounce at 60.58 gave way to a European slide to a 58.494 day low as hawkish FOMC minutes and firm yields weighed, and the NY bounce off the 58.68 double base was rejected at 59.40 (ny high) around Kashkari's 14:40 UTC remarks. Price is back below the 59.00 round number and both EMAs, sitting near the 61.8% retracement of the NY bounce just above the 58.79 pullback low.
Support: 58.79, 58.68, 58.494
Resistance: 59.00, 59.399
What it said to watch
Musalem at 17:40 UTC could materially shift this read via yields and USD
A M15 close above the 59.40 ny high invalidates the lower-high read
A break of the 58.68 double base exposes the 58.494 day low
Holding the 58.79 pullback low and reclaiming the 59.00 round number would keep the NY bounce structure intact
Lower high at 59.40 after London low 58.49; retesting rising lows.
The Asian spike to 60.58 failed, and silver slid to a 58.49 London low as hawkish FOMC minutes and firm yields weighed. The NY-session bounce was rejected at 59.40 into Kashkari's 14:40 UTC remarks, and price is now back below the 59.00 round number, testing the 61.8% fib near 58.84 and the rising-lows trendline.
Support: 58.68, 58.49
Resistance: 59.00, 59.40
What it said to watch
M15 close below the 58.68 higher low breaks the rising-lows line and exposes the 58.49 London low
Reclaim of the 59.00 round number would put the 59.40 NY high back in play
Musalem at 17:40 UTC could materially shift this read via yields
Silver unwound the Asian spike to 60.58 and broke lower before London, printing a 58.494 session low as hawkish FOMC minutes and firmer yields weighed. The NY bounce met rejection at the 59.399 ny high, just above the 38.2% fib, and price is back under EMA20, testing rising support off the 58.494 low with RSI(14) near 47.
Support: 58.68, 58.494
Resistance: 59.399, 60.00
What it said to watch
M15 close below rising support and the 58.68 swing low exposes the 58.494 session low
M15 close above the 59.399 ny high breaks the lower-high sequence and puts the 60.00 round number back in view
Fed's Musalem at 17:40 UTC could materially shift this read
Lower high at 59.40 under the 60.58 Asian high; higher low 58.68 above the 58.49 session low.
The Asian bounce to 60.58 failed and silver slid through $59 during London to a 58.494 session low, as hawkish FOMC minutes and firm yields weighed. The NY session bounce off the 58.68 swing low stalled at the 59.40 NY high, short of the 50% retrace of the drop, and price is back at the $59 psych level with RSI(14) near 51 and sitting just under EMA20.
Support: 58.68, 58.494
Resistance: 59.399, 59.593
What it said to watch
Failure at the 58.68 swing low and the rising lows line reopens the 58.494 session low
M15 close above the 59.40 NY high exposes the 59.59 breakdown level near the 50% drop retrace
Kashkari (14:40 UTC, live now) and Musalem (17:40 UTC) could materially shift this read; ATR(14) ~235 pips
14:32 UTC
Rebound off session low, inside a down day · RSI 64 · price 59.322
Higher-low chain since 58.494, now testing the 59.40 NY high.
Silver topped at 60.58 in Asia, then broke through $59 in London to a 58.494 session low as hawkish FOMC minutes lifted yields. Rising lows since then carried NY back above 59.00 and out of the London range. Price is now pressing the 59.40 NY high near the 38.2% retracement of the drop, with RSI(14) around 64 and the 59.07 swing low beneath.
Support: 59.07, 59.00, 58.494
Resistance: 59.40, 59.54, 60.00
What it said to watch
Kashkari at 14:40 UTC and Musalem at 17:40 UTC could materially shift this read via yields
M15 close above the 59.40 NY high opens the 50% fib at 59.54, then 60.00 psych
Loss of the 59.07 swing low and 59.00 psych breaks the rising lows and puts the 58.494 session low back in focus
Lower highs from the 60.58 Asia high; higher lows off the 58.494 session low.
Silver broke the Asia low at 59.674 late in Asia and slid to a 58.494 session low in London as hawkish FOMC minutes pushed yields higher. The NY open bounce built higher lows and retested the broken $59 area, but met rejection at the 59.335 ny high; price is now holding just above the 59.00 round number, with ATR around 215 pips.
Support: 59.00, 58.678, 58.494
Resistance: 59.335, 59.674
What it said to watch
Fed's Kashkari at 14:40 UTC, then Musalem at 17:40 UTC, could materially shift this read
M15 close above the 59.335 ny high opens the path back toward the 59.674 asia low
Failure to hold the 58.678 higher low breaks the bounce structure and exposes the 58.494 session low
14:05 UTC
Downtrend, corrective bounce in NY · RSI 53 · price 59.211
London selloff from 60.58 to 58.49; HH/HL bounce now retesting broken $59 zone.
Silver was rejected at 60.58 in Asia, then broke $59 during London on hawkish FOMC minutes and firm yields, printing a 58.49 London low. Early NY has carried a higher-low bounce back above the 59.00 round number to a 59.34 bounce high. That puts price at the broken 59.21–59.36 breakdown area and the 38.2% level of the selloff fib, with RSI(14) neutral near 53 and price pressing on EMA50.
Support: 59.00, 58.678, 58.494
Resistance: 59.335, 59.537, 60.00
What it said to watch
Kashkari at 14:40 UTC, then Musalem at 17:40 UTC, could materially shift this read
An M15 close above the 59.34 bounce high opens the 50% fib at 59.54, then the 60.00 psych level
A slip back below the 59.00 round number reframes the bounce as a failed retest
Loss of the 58.68 higher low breaks the rising lows line and exposes the 58.49 London low
Lower highs from 60.58 Asia peak, session low 58.494, higher low 58.678, now retesting broken $59.
Silver failed at 60.58 in Asia and broke below $59 late in the session, as hawkish FOMC minutes and firm yields pressured metals. The move bottomed at a 58.494 session low mid-London. A higher low at 58.678 and the NY open push have lifted price back to a 59.244 session high, just under the 38.2% fib near 59.29 and the 59.37 retest high, with EMA50 overhead.
Support: 58.678, 58.494
Resistance: 59.244, 59.37, 60.00
What it said to watch
Rejection at 59.24–59.37 keeps the $59 round number acting as broken support turned resistance
M15 close above the 59.37 retest high and the 38.2% fib shifts the read toward a deeper retrace toward the 60.00 round number
Break of the 58.678 higher low and rising support exposes the 58.494 session low
Fed's Kashkari at 14:40 UTC and Musalem at 17:40 UTC could materially shift this read via hike-path signals and yields
Higher lows off 58.494 session low, testing broken 59.00 area.
Silver failed at 60.58 in Asia, then broke below 59.00 to a 58.494 session low through London as hawkish FOMC minutes and firm yields weighed. Early NY has printed higher lows at 58.601 and 58.678, holding above the ema20, with price retesting broken 59.00 support just under the 59.193 recovery hi and the 59.229 prior shelf. RSI(14) near 54 is neutral.
Support: 58.678, 58.494
Resistance: 59.193, 59.229, 59.291
What it said to watch
M15 close above the 59.229 prior shelf opens the fib 38.2 at 59.29
Loss of the 58.678 higher low breaks the rising trendline and exposes the 58.494 session low
Rejection at the 59.193 recovery hi keeps 59.00 acting as resistance
Fed's Kashkari at 14:40 UTC and Musalem at 17:40 UTC could materially shift this read
Higher lows from 58.49 under a flat 59.09 range top.
Silver rejected the Asian high at 60.58 and broke below $59 before London, printing a session low at 58.49 as hawkish FOMC minutes and firm yields weighed. Since then a rising higher low trendline and a 59.09 range top have compressed price into early NY, with the broken $59 level being retested. RSI(14) is neutral near 52 and the 38.2% of the drop fib sits just above the pre-ldn high.
Support: 58.67, 58.494
Resistance: 59.09, 59.23
What it said to watch
M15 close above the 59.09 range top opens the 59.23 pre-ldn high and the 38.2% drop fib near 59.29
Break of the 58.67 higher low and the rising higher low trendline exposes the 58.49 session low
Kashkari at 14:40 UTC and Musalem at 17:40 UTC could materially shift this read
Lower highs from 60.58 Asia spike; 58.49–59.01 box with rising lows since 10:30 UTC.
The Asia spike to 60.58 was sold from London open. Hawkish FOMC minutes and firm yields drove silver to a 58.49 session low. It has since based in a 58.49–59.01 box with rising lows; the 197K claims beat caused only a brief dip to 58.75, and price is now pressing the range top in the first hour of NY.
Support: 58.678, 58.494
Resistance: 59.01, 59.229
What it said to watch
M15 close above 59.01 range top opens the 59.23 swing high and the 38.2% fib of the 60.58–58.49 drop near 59.29
Break of the 58.68 higher low negates the rising-lows line; a close below the 58.49 session low resumes the downtrend
Kashkari 14:40 UTC and Musalem 17:40 UTC could materially shift this read via yields
Lower highs under falling trendline, basing 58.49–59.01 since late London.
The Asian rebound to 60.58 was sold, and London broke below 59.00 to a 58.494 session low as hawkish FOMC minutes and firm yields weighed. Price has since compressed between 58.49 and 59.01 under a falling trendline. The 12:30 UTC jobless claims beat (197K) brought a rejection off the 59.01 lower high back to 58.75, with price capped below EMA20 and RSI(14) neutral near 44.
Support: 58.682, 58.494
Resistance: 59.01, 59.221, 59.291
What it said to watch
M15 close above the 59.01 lower high and the falling trendline breaks the lower-high chain; the 59.221 swing high and the fib 38.2 at 59.29 sit above
Failure to hold the 58.682 london low exposes the 58.494 session low; a break there extends the downtrend
Kashkari at 14:40 UTC and Musalem at 17:40 UTC on the hike path could materially shift this read via yields
Lower highs from 60.58 Asian high; rising lows off 58.494 capped at 59.01.
The Asian bounce to 60.58 was sold from late Asia as yields firmed on the hawkish FOMC minutes. London extended the drop to a 58.494 session low, and silver has since printed rising lows into a 59.01 swing high near the 23.6% fib. The current bar is testing the rising lows line as the jobless claims release hits.
Support: 58.60, 58.494
Resistance: 59.01, 59.229
What it said to watch
Initial Jobless Claims (12:30 UTC, f/c 200K) lands in the current bar and could materially shift this read; Kashkari speaks at 14:40 UTC
A break of the 58.60 higher low takes out the rising lows line and exposes the 58.494 session low
An M15 close below 58.494 resumes the downtrend
A close above the 59.01 swing high (23.6% fib) puts the 59.229 london high in play
Lower highs from 60.58 Asian high, higher lows off 58.494 forming a pennant.
The Asian rebound to 60.58 was fully sold as hawkish FOMC minutes and rising US yields reasserted. London took silver through the Asian range and the prior-day low near 58.98 to a 58.494 session low. Since then, lower highs under the 59.00 round number, which lines up with the 23.6% fib, and higher lows off 58.494 have squeezed price into a pennant, with RSI(14) neutral near 43.
Support: 58.667, 58.494
Resistance: 59.00, 59.229
What it said to watch
US Initial Jobless Claims at 12:30 UTC (f/c 200K) lands minutes from now and could materially shift this read
An M15 close above the 59.00 round number and the lower-highs line breaks the pennant, with the 59.23 swing high next
Failure to hold the 58.67 higher low exposes the 58.494 session low; a close below it extends the downtrend
Kashkari at 14:40 UTC during NY hours is a second catalyst for the range
Lower highs from the 60.58 Asian high; compressing 58.60–58.98 above the 58.494 session low.
The fade from the 60.58 Asian high ran through a lower-high chain to a 58.494 session low in London as hawkish FOMC-minutes pricing and firm yields kept pressure on silver. Since then price has compressed between a 58.60 higher low and the 58.98 lower high, below the falling lower-highs line, with RSI(14) near 39.
Support: 58.601, 58.494
Resistance: 58.982, 59.08, 59.229
What it said to watch
US Initial Jobless Claims at 12:30 UTC (15:30 broker time) could break the 58.60–58.98 compression in either direction
An M15 close above the 58.98 lower high and the lower-highs line breaks the chain. That opens 59.08 range top, then the 59.229 swing high near 59.29 (38.2% of the asia-high fib)
Failure to hold the 58.60 higher low exposes a retest of the 58.494 session low
Kashkari at 14:40 UTC during NY hours could shift the read again
Lower highs from the 60.58 Asian high; London chopping in a 58.49–58.98 band.
Asia's spike to 60.58 failed and silver slid through 60 and 59 into London as hawkish FOMC minutes and firm yields weighed. London swept below the 58.68 low to a 58.494 session low, then bounced to a 58.60 higher low; price now chops below the 58.98 range top, with RSI(14) near 40 and EMA20/50 overhead.
Support: 58.60, 58.494
Resistance: 58.98, 59.23, 59.29
What it said to watch
Jobless Claims at 12:30 UTC, in the first hour of NY, could break the 58.49–58.98 band either way
Failure to hold the 58.494 session low resumes the lower-low sequence through the 58.50 area
Loss of the 58.60 higher low puts the session low back in focus
M15 close above the 58.98 range top breaks the London lower highs trendline; the 59.23 lower high and the fib 38.2 at 59.29 come next
Kashkari at 14:40 UTC can extend or cap any claims-driven move
Lower highs and lower lows since the 60.58 Asia high.
Silver's Asia rally to 60.58 failed, and London extended the slide to a session low at 58.494 as hawkish FOMC minutes and firm yields kept pressure on. The lower-high chain stays capped by the falling trendline from 59.22, with price chopping between the 58.60 swing low and the 58.94 lower high into the NY open. RSI(14) is near 39.
Support: 58.601, 58.494
Resistance: 58.937, 59.229
What it said to watch
Initial Jobless Claims at 12:30 UTC and Kashkari at 14:40 UTC could materially shift this read
An M15 close above the 58.94 lower high and the falling trendline breaks the lower-high chain and exposes the 59.23 swing high
Swing high 59.23 sits just below the 38.2% fib of the Asia high–session low drop near 59.29
Failure to hold the 58.60 swing low and the 58.494 session low extends the lower-low sequence
11:17 UTC
Downtrend, pace slowing near lows · RSI 42 · price 58.743
Lower highs from the 60.58 Asian high; 58.68–59.08 box broken lower.
The Asian bounce to 60.58 failed. London then cut through the prior-day low at 58.978 and broke the 58.68–59.08 box, printing a session low at 58.494 as yields pushed higher on the hawkish minutes. The rebound off the lows stalled at a 58.937 lower high under the descending trendline, and price sits just above the 58.682 prior low with RSI(14) neutral near 42.
Support: 58.682, 58.494
Resistance: 58.937, 59.08, 59.291
What it said to watch
US Initial Jobless Claims 12:30 UTC (f/c 200K) could materially shift this read; Kashkari speaks at 14:40 UTC
M15 close above the 58.937 lower high and trendline breaks the lower-high chain
Reclaim of the 59.08 range top, then the fib 38.2 at 59.291, would mark the box break as a false break
Failure to hold the 58.682 prior low and 58.494 session low confirms a lower-low
The Asian rebound to 60.58 was sold from 05:00 UTC as the hawkish FOMC minutes and firm yields reasserted, taking silver through the 59.00 psych level. London pressed to a 58.494 swing low before a sharp rejection back to 58.85. Lower highs at 59.23 (lower high) and 59.08 (range top) are capping the bounce, with the 58.68 london low as the first floor.
Support: 58.682, 58.494
Resistance: 59.00, 59.084, 59.229
What it said to watch
An M15 close back above the 59.00 psych level and the 59.08 range top would break the lower-highs sequence
Failure to hold the 58.494 swing low resumes the London-session down-leg, and a break of the 58.68 london low comes first
US Initial Jobless Claims at 12:30 UTC and Kashkari at 14:40 UTC could materially shift this read
10:47 UTC
Downtrend, lower highs through London · RSI 34 · price 58.671
Lower-high/lower-low chain; mid-London range broken lower.
Silver lost the Asian range low near 59.67 late in Asia as hawkish FOMC minutes kept pressure on, and has carved lower highs beneath a descending highs line through London. The 10:30 UTC bar broke the 58.83–59.08 consolidation and the 58.68 broken low, printing a session low at 58.494, with the 59.00 round number capping the mid-London range. RSI(14) near 34 is soft but not oversold, and price sits well below the 61.8% fib of the 60.58–58.49 drop.
Support: 58.494
Resistance: 58.682, 59.00, 59.229
What it said to watch
US Initial Jobless Claims at 12:30 UTC (f/c 200K) and Kashkari at 14:40 UTC could materially shift this read
M15 close back above the 58.68 broken low and 59.00 round number would stall the lower-low sequence
M15 close above the 59.23 swing high and the descending highs line breaks the downtrend structure
Failure to hold the 58.494 session low extends the lower-low chain
The Asian rebound to 60.58 was sold from 05:00 UTC as hawkish FOMC minutes and firm yields weighed. Price broke the 58.84 Asian low and yesterday's 58.98 prior low. The London session has since printed lower highs beneath 59.08, with a retest of the 58.68 session low. RSI(14) sits near 36, soft but not oversold.
Support: 58.68
Resistance: 58.841, 58.978, 59.084
What it said to watch
M15 close below the 58.68 session low extends the lower-low sequence
Reclaim of the 58.84 Asian low and the 58.98 prior low would signal the break is stalling
Close above the 59.08 lower high breaks the lower highs trendline and the intraday downtrend read
US Initial Jobless Claims at 12:30 UTC (f/c 200K) and Kashkari at 14:40 UTC could materially shift this read
10:17 UTC
Downtrend, compressing near lows · RSI 35 · price 58.866
Lower highs inside a tight 58.83–59.08 range below the 59.00 psych level.
The Asian rebound to 60.58 was fully unwound in a pre-London dump through the 59.00 psych level, on hawkish FOMC minutes and oil-led yield pressure. The London low printed at 58.682. Since then price has compressed between the 58.83 range low and the 59.08 range top, with rallies rejected under the descending lower-highs line.
Support: 58.832, 58.682
Resistance: 59.00, 59.08, 59.229
What it said to watch
M15 close below the 58.682 london low extends the lower-low sequence
Close back above 59.00 psych and the 59.08 range top tests the lower-highs line; above the 59.229 swing high breaks that chain
Fib 38.2 of the 60.58–58.68 drop sits near 59.41 if a short-covering bounce develops
US Initial Jobless Claims at 12:30 UTC (f/c 200K) and Kashkari at 14:40 UTC could break the current range
10:04 UTC
Downtrend, compressing near lows · RSI 36 · price 58.879
Asian range broken lower; tight 58.83–59.08 range under descending highs.
The 60.58 Asian high was sold. Price broke the Asian range lower into the London open, extending the minutes-driven selling through yesterday's 58.98 prior low to a 58.682 London low. Since then it has compressed between the 58.83 range floor and the 59.08 range top under descending highs, with RSI(14) near 36 and price below both EMAs.
Support: 58.832, 58.682
Resistance: 58.978, 59.084, 59.229
What it said to watch
An M15 close below the 58.83 range floor exposes the 58.682 London low.
A reclaim of the 58.98 prior low and a close above the 59.08 range top would break the descending highs. The 59.23 lower high is next, then the 38.2% retrace of the 60.58–58.68 drop near 59.41.
US Jobless Claims at 12:30 UTC, then Kashkari at 14:40 UTC, could materially shift this read.
Lower highs into a tight 58.83–59.08 range below broken $59.00.
The Asia high at 60.58 was sold into the European open, taking out yesterday's 58.978 low and the $59.00 level for a 58.682 session low. The drive was in line with yields near 2002 highs after the hawkish FOMC minutes. Since 07:45 UTC price has held a 58.83–59.08 range with lower highs pressing toward the range low, still well under the 38.2% fib of the Asia high to session low drop.
Support: 58.832, 58.682
Resistance: 59.084, 59.229, 59.407
What it said to watch
M15 close below the 58.832 range low puts the 58.682 session low back in play
Close above the 59.084 range high and the lower highs trendline breaks the compression, with 59.229 swing high next and the fib 38.2 at 59.407 beyond
Initial Jobless Claims 12:30 UTC (f/c 200K) and Kashkari 14:40 UTC could materially shift this read
09:32 UTC
Downtrend, pausing after London leg lower · RSI 38 · price 58.932
Lower highs below 59.00; tight range 58.83–59.08 above session low.
The Asian high at 60.58 was sold from the European open. London broke the Asian range and the prior-day low at 58.98 to print a session low at 58.682, with hawkish FOMC minutes and multi-decade-high yields weighing. Price is now consolidating 58.83–59.08 under the $59.00 psych and the lower-highs trendline; RSI(14) is near 38 and not oversold.
Support: 58.832, 58.682
Resistance: 59.08, 59.229
What it said to watch
M15 close above the 59.08 range top and the 59.23 lower high would break the lower-highs trendline
Loss of the 58.83 recent low and the 58.682 session low resumes the London leg lower
A retrace to the 38.2% fib of the drop near 59.41 would test the post-break structure
Initial Jobless Claims 12:30 UTC (f/c 200K) and Kashkari 14:40 UTC could materially shift this read
09:17 UTC
Downtrend, stalling near lows · RSI 38 · price 58.879
Lower highs under 59.08, tight London range above 58.68.
The Asian spike to 60.58 faded, and a late-Asia sell-off broke the Asian low near 59.67 and the 59.00 psych level. The move tracks hawkish FOMC minutes and 10Y yields near multi-decade highs. London has since held a 58.68–59.23 range, with lower highs capping at 59.08 and price pressing the 58.84 swing low.
Support: 58.841, 58.682
Resistance: 59.00, 59.084, 59.229
What it said to watch
M15 close below the 58.68 session low extends the lower-low sequence
Recovery back above the 59.00 psych level and the 59.08 lower highs eases downside pressure
A close above the 59.23 london high invalidates the descending structure
Initial Jobless Claims 12:30 UTC (f/c 200K) and Kashkari 14:40 UTC could materially shift this read
Lower highs and lower lows since the Asian range broke.
Silver broke below the 59.67–60.58 Asian range from 05:15 UTC. The selloff cut through yesterday's 58.98 low, then a swing low at 58.85, and printed a session low of 58.682 in the first hour of London, pressured by the hawkish FOMC minutes and Treasury yields near 2002 highs. Price is now pinned at the 59.00 psych level under a lower high at 59.22, with RSI(14) near 33 and not yet oversold.
Support: 58.85, 58.682
Resistance: 59.22, 59.37
What it said to watch
M15 close above the 59.37 38.2% fib and prior lower high breaks the lower-high sequence
Failure to hold the 58.85 swing low exposes the 58.682 session low; a break there extends the lower-low chain
Rejection at the 59.22 lower high keeps the downtrend line intact
US Initial Jobless Claims at 12:30 UTC (f/c 200K) and Kashkari at 14:40 UTC could materially shift this read via yields
Lower highs and lower lows since the Asian range broke down; new session low below yesterday's low.
Silver broke below the 59.67 asian low late in Asia. The drop from 60.19 printed a 58.68 session low in the first hour of London, undercutting yesterday's post-minutes 58.98 low as yields and oil stay firm. The bounce is capped under the 59.23 lower high with RSI(14) near 32. ATR sits around 240 pips.
Support: 58.85, 58.68
Resistance: 59.23, 59.67, 60.00
What it said to watch
Waller is speaking now (08:30 UTC) and claims are due at 12:30 UTC; either could materially shift this read.
An M15 close above the 59.23 lower high (38.2% fib of the drop) breaks the lower-high chain. The 59.67 asian low and the 60.00 round number sit above.
Failure to hold the 58.85 swing low exposes the 58.68 session low.
Lower highs and lower lows since the Asian high; price sitting on the 59.00 handle.
Supply capped the overnight bounce at the 60.58 Asian high. Late-Asia selling broke the 60.00 range floor and yesterday's 58.98 low, and London printed a session low at 58.68, in line with the hawkish-minutes and yield headwind. Price is back at the 59.00 psych handle with RSI(14) near 32, under a lower high at 59.23 and the falling lower-highs line.
Support: 59.00, 58.682
Resistance: 59.229, 60.00
What it said to watch
Waller at 08:30 UTC lands inside the next bar and could materially shift this read
An M15 close above the 59.23 lower high breaks the lower-high chain and brings the 59.41 38.2% Asian-high fib into view
Failure to hold the 59.00 psych handle and a break of the 58.68 session low extends the lower-low sequence
Claims at 12:30 UTC; a reclaim of the 60.00 range floor would negate the range-break read
08:04 UTC
Downtrend, fresh lows into early London · RSI 26 · price 58.726
Lower highs and lower lows since the 60.58 Asian high; Asian range broken lower.
The Asian pop to 60.58 faded. The 05:30 UTC break of the Asian low at 59.67 extended into early London, taking out the 58.98 prior low and printing a 58.68 session low. Bounces stalled at the 59.22–59.23 lower high under a falling trendline. RSI(14) sits near 26 as rising yields and oil weigh after the hawkish FOMC minutes.
Support: 58.682, 58.50
Resistance: 58.978, 59.229, 59.672
What it said to watch
Fed's Waller at 08:30 UTC and jobless claims at 12:30 UTC could materially shift this read
Failure to hold the 58.68 session low extends the lower-low chain toward the 58.50 round number
M15 close back above the 58.98 prior low would mark the break as a false break
Close above the 59.23 lower high and the falling trendline invalidates the downtrend read; the 38.2% retracement of the 60.58–58.68 drop sits near 59.41
Reclaim of the 59.67 Asian low would put price back inside the Asian range
Asian range broken lower; lower highs into a tight early-London band.
The Asian range (60.58–59.67) broke lower late in the Asia session, extending the post-minutes selloff on firm yields and oil and printing a session low at 58.84, under yesterday's 58.98 prior low. Early London is capped below the 59.23 bounce high and is pressing back under 58.98. RSI(14) sits near 29.
Support: 58.84, 58.50
Resistance: 58.98, 59.23, 59.67
What it said to watch
Waller at 08:30 UTC could materially shift this read; jobless claims follow at 12:30 UTC
M15 close below the 58.84 session low extends the lower-low chain toward the 58.50 round number
Reclaim of the 58.98 prior low and a close above the 59.23 bounce high would mark a stall in the leg
A recovery to the 59.67 asian low, near the 38.2–50% fib zone of the Asian leg, would put the range break back in question
07:32 UTC
Downtrend, oversold and pausing · RSI 28 · price 59.077
Lower highs from 60.58 Asian peak; Asian range broken lower, new session low at 58.841.
Silver lost the Asian low at 59.672 before London. It slid to a session low of 58.841, below yesterday's post-minutes prior low at 58.978, as yields and the USD stayed firm. Early London is compressing in a 58.96–59.23 band under the bounce high, with RSI(14) near 28.
Support: 58.978, 58.841
Resistance: 59.229, 59.37, 59.672
What it said to watch
Holding under the bounce high at 59.229 keeps this consolidation a pause inside the downtrend
A close back above the 59.37 breakdown level and the 38.2% fib near 59.51 would challenge the lower-highs trendline; the asian low at 59.672 is the next ceiling
Loss of the session low at 58.841 extends the lower-low chain; the prior low at 58.978 and 59.00 psych are the first tests
Fed's Waller at 08:30 UTC and jobless claims at 12:30 UTC (f/c 200K) could materially shift this read
07:17 UTC
Downtrend, oversold-adjacent after European open selloff · RSI 29 · price 59.038
Lower highs from 60.58 Asian peak; fresh session low at 58.84, small bounce capped at 59.23.
The failed Asian spike to 60.58 gave way to a lower-high sequence along the descending resistance line. At the European open that turned into a slide from 60.00 to a 58.84 session low, sweeping yesterday's 58.98 US-hours low as hawkish FOMC minutes and near-5.3% yields weigh. Price is now pinned just above the 59.00 psych level, with RSI(14) near 29 and the bounce high at 59.23 capping so far.
Support: 59.00, 58.841
Resistance: 59.229, 59.37, 59.505
What it said to watch
Fed's Waller at 08:30 UTC (~75 min) could materially shift this read; Initial Jobless Claims follow at 12:30 UTC
M15 close below the 58.84 session low extends the lower-low chain
Reclaim of the 59.37 pivot high and the 59.50 fib 38.2 retracement would mark the selloff stalling
Repeated holds at 59.00 psych with RSI below 30 point to absorption at the level
07:04 UTC
Downtrend, lower highs since Asian spike · RSI 28 · price 59.016
Asian range broken lower pre-London; fresh session low at 58.84, holding near prior low.
Silver fully unwound the Asian spike to 60.58, broke the Asian low at 59.67 late in the Asia session and printed a session low at 58.84, under yesterday's 58.98 prior low, as hawkish FOMC minutes and firm yields weighed. London open finds price pinned just above that prior low with RSI(14) near 28, a chain of lower highs from 60.58 intact and the 59.37 bounce high capping.
Support: 58.978, 58.841
Resistance: 59.37, 59.672, 60.00
What it said to watch
M15 close below the 58.84 session low extends the lower-low sequence
Recovery through the 59.37 bounce high and back above the 59.67 Asian low would neutralise the range break, with the 50% fib sitting near the Asian low
Lower-high trendline and the 60.00 round number mark the upper boundary of the selloff
Waller at 08:30 UTC and jobless claims at 12:30 UTC could materially shift this read
Lower highs from 60.58 Asian high; Asian range low and prior low broken, small bounce off session low.
The Asian bounce stalled at 60.58 and price dropped out of the Asian range ahead of London open. The leg made a 58.841 session low under yesterday's 58.978 prior low, with hawkish FOMC minutes and firm yields as the backdrop. The 06:30 UTC bar closed back above the prior low; RSI(14) is near 33 and ATR(14) about 215 pips, with the 59.37 bounce high and 59.672 Asian low the nearest caps.
Support: 58.978, 58.841
Resistance: 59.37, 59.672, 60.00
What it said to watch
Failure to hold the 58.841 session low extends the downtrend leg below the prior low and the $59 area
An M15 close above the 59.37 bounce high, then the 59.672 asian low, would turn the dip under the prior low into a false break. The 50% retrace of the Asian high to session low drop sits near 59.71.
The lower highs trendline is near 59.84 and the 60.00 round number sits above it; both cap any recovery in this structure
Fed's Waller at 08:30 UTC and Initial Jobless Claims at 12:30 UTC (f/c 200K) could materially shift this read
Lower highs from 60.58 Asian high; Asian range and prior low broken.
Silver rolled over from the 60.58 Asian high and broke through the 59.67 Asian low, then yesterday's 58.98 prior low, in the hour before London open. It printed a 58.85 session low as the post-FOMC-minutes yield pressure reasserted. RSI(14) near 21 is stretched, but no rejection has formed yet and the lower highs chain is intact.
Support: 58.847, 58.50
Resistance: 58.978, 59.37, 59.672
What it said to watch
Close back above the 58.98 prior low would mark the break as a false break
Failure to hold the 58.85 session low extends the lower-low chain toward the 58.50 round number
Bounce stalling at the 59.37 swing high keeps the lower highs sequence intact; retaking the 59.67 asian low neutralises the breakdown
Fed's Waller at 08:30 UTC and Initial Jobless Claims at 12:30 UTC could materially shift this read via yields
London open liquidity may test whether the late-Asia move holds or reverses
Asian range broken to the downside, price holding just above the session low.
The early-Asia spike to the 60.58 asia high faded into a lower-highs sequence. A 05:15–05:45 UTC slide ahead of London open cut through the 59.67 asian base and the 60.00 psych level to a 59.21 session low. That fully unwinds the bounce the digest describes as positioning-driven after the hawkish FOMC minutes, with RSI(14) near 26 and price under both EMAs.
Support: 59.21, 58.98
Resistance: 59.67, 60.00, 60.58
What it said to watch
Failure to hold the 59.21 session low exposes Wednesday's flush low at 58.98 (wed low), the line below $59
A reclaim of the 59.67 asian base, and then the 38.2% fib near 59.73, would mark the drop as an overextension
A break of the lower highs trendline near 59.90 and back over 60.00 psych shifts the intraday read
Fed's Waller at 08:30 UTC and Initial Claims at 12:30 UTC (f/c 200K) could materially move yields and this structure
06:04 UTC
Downtrend, oversold into London open · RSI 22 · price 59.263
Asia rally fully reversed, lower highs, fresh session low.
The Asia spike to the 60.58 asian high was rejected, and a late-Asia range break through the 59.60 broken low pushed price to a 59.21 session low ahead of London open. That extends the post-FOMC-minutes yield pressure. RSI(14) near 22 is oversold, and yesterday's 58.978 prior low is the next reference below.
Support: 59.21, 58.978
Resistance: 59.597, 60.00, 60.58
What it said to watch
M15 close back above the 59.60 broken low would mark the drop as a false break
Failure to hold the 59.21 session low exposes the 58.978 prior low and the 59.00 area
Price back above 60.00 psych and the lower highs trendline would neutralise the down-leg
Fed's Waller at 08:30 UTC and Jobless Claims at 12:30 UTC could materially shift this read
Lower highs from the 60.58 Asian high into a retest of the 59.59 prior lows.
The early-Asia spike to the 60.58 Asian high met rejection, and a chain of lower highs (60.47 swing high, then 60.19) has carried price back to 59.68. That fits the digest's read of a positioning-led bounce with yields capping. The 59.59 low matches yesterday evening's prior lows, with RSI(14) near 31 and the 60.00 psych level now overhead heading into London open.
Support: 59.593, 59.345, 58.978
Resistance: 60.00, 60.47, 60.58
What it said to watch
M15 close below the 59.59 prior lows exposes the 59.35 swing low and yesterday's 58.98 day low
Recovery above 60.00 psych and the lower-highs trendline, near the 38.2% of the Asia sell-off, would neutralise the downtrend read
Fed's Waller at 08:30 UTC and Initial Claims at 12:30 UTC (f/c 200K) could materially shift this read via yields
Reclaim of the 60.47 swing high reopens the 60.58 Asian high
Lower highs from 60.58, Asian low broken, testing NY low.
Late Asia: the spike to the 60.58 Asian high was rejected and the whole bounce has unwound. A chain of lower highs pushed price below the 59.67 Asian low into the 59.60 NY low, with RSI(14) near 29 and price under both EMAs. The bounce failing near 60.00 psych fits the digest's read of yield-led pressure capping silver.
Support: 59.597, 59.345, 58.978
Resistance: 59.672, 60.00, 60.58
What it said to watch
M15 close back above the 59.67 Asian low would turn the break into a false break
Sustained trade under the 59.60 NY low exposes the 59.35 swing low, then the 58.98 day low near $59
Recovery above 60.00 psych and the lower highs line would put the 60.58 Asian high back in play
Fed's Waller at 08:30 UTC and Initial Claims at 12:30 UTC could materially shift this read
Lower highs from 60.47 compressing onto 59.91–60.00 floor.
The Asian spike from the 59.672 asian low to the 60.58 asian high has retraced about 65%. Supply has capped at the 60.47 swing high and the 60.192 lower high, and the descending trendline is pressing price onto the 60.00 psych, just above the 59.907 session low. RSI(14) is near 42 with price under both EMAs, in line with the digest's yield-led pressure ahead of London.
Support: 59.907, 59.672
Resistance: 60.192, 60.47, 60.58
What it said to watch
An M15 close below the 59.907 session low extends the lower-high sequence toward the 59.672 asian low.
A close above the 60.192 lower high breaks the descending trendline and reopens the 60.47 swing high and 60.58 asian high.
Fed's Waller at 08:30 UTC and Initial Claims at 12:30 UTC (f/c 200K) could materially shift this read.
05:06 UTC
Asia bounce stalling, flat near 60.00 · RSI 52 · price 60.043
Lower high below 60.58 asian high; tight range 59.97–60.19 above the swing low.
Asia spiked from the 59.672 asian low to the 60.58 asian high in two bars. It then printed a lower high at 60.47 and slipped back to the 61.8% of the spike fib, with a swing low at 59.907. Late in the Asia session price is coiling between 59.97 and the 60.192 range high around the 60.00 psych level, RSI(14) neutral near 52, as the positioning-led bounce after Wednesday's hawkish-minutes selloff loses pace.
Support: 60.00, 59.907, 59.672
Resistance: 60.192, 60.47, 60.58
What it said to watch
M15 close below the 59.907 swing low breaks the consolidation and exposes the 59.672 asian low
M15 close above the 60.192 range high reopens the 60.47 lower high and 60.58 asian high
Sustained trade below the 60.00 psych level shifts the read to a full unwind of the Asia spike
Fed's Waller 08:30 UTC and Initial Jobless Claims 12:30 UTC (f/c 200K) could materially shift this read
04:47 UTC
Sideways, momentum neutral after Asia spike faded · RSI 44 · price 60.063
Lower high under 60.58 asia high, pullback low 59.907 holding, coiling at 60.00.
Asia ran from the 59.672 asia low to a 60.58 asia high, then hit rejection with a lower high at 60.47 and slid to a 59.907 pullback low. That rebound followed Wednesday's hawkish-Fed sell-off to 58.978. Price is now coiling at the 60.00 psych level near the 61.8% fib, flat on EMA20, about two hours before London open.
Support: 60.00, 59.907, 59.672
Resistance: 60.192, 60.47, 60.58
What it said to watch
Close below the 59.907 pullback low exposes the 59.672 asia low
Close above the 60.192 minor high puts the 60.47 lower high and the falling lower-highs line back in play
Fed's Waller at 08:30 UTC and Initial Claims at 12:30 UTC (f/c 200K) could materially shift this read via yields
Loss of the 60.00 psych on a closing basis turns the Asia fib into a full retrace
Lower highs off 60.58, compressing just above 60.00.
The Asia session rally off the 59.672 asia base spiked to a 60.58 asia high and was rejected, followed by a lower high at 60.47 and a pullback to the 59.907 swing low. Price is now compressing around the 60.00 psych level, sitting on EMA20 near the 61.8% retrace of the Asia rally, with RSI(14) neutral near 48. Per the digest, the bounce has come against a hawkish-minutes backdrop with no new fundamental support.
Support: 60.00, 59.907, 59.672
Resistance: 60.192, 60.47, 60.58
What it said to watch
An M15 close above the 60.192 minor high, then the 60.47 lower high, breaks the lower-high sequence
Failure to hold the 60.00 psych level and the 59.907 swing low exposes the 59.672 asia base
Fed's Waller at 08:30 UTC and Initial Jobless Claims at 12:30 UTC (f/c 200K) could break the range during London/NY hours
04:18 UTC
Asian bounce stalling, two-way around 60.00 · RSI 54 · price 60.11
Asian rally rejected at 60.58, lower high at 60.47, pullback holding above 59.91.
Late in the Asia session, the bounce off the 59.67 Asian low spiked to the 60.58 Asian high and was rejected. A lower high formed at 60.47, then a pullback to 59.91 retraced roughly 70% of the Asian rally; per the digest, the bounce is positioning-driven after Wednesday's hawkish-minutes slide. Price is retesting the 60.00 psych level with RSI(14) neutral near 54.
Support: 60.00, 59.907, 59.672
Resistance: 60.47, 60.58
What it said to watch
Break below the 59.91 pullback low exposes the 59.67 Asian low
Close back above the 60.47 lower high reopens the 60.58 Asian high
Loss of the 60.00 psych level into London open shifts the read back to Wednesday's lows
Fed's Waller at 08:30 UTC and Initial Claims at 12:30 UTC (f/c 200K) could materially shift this read via yields
04:04 UTC
Asia bounce faded, pivoting on 60.00 · RSI 53 · price 60.048
Lower highs off 60.58 Asian high, holding above 59.907 swing low.
The Asia session spike from the 59.672 Asian low to the 60.58 Asian high was rejected. A lower high at 60.47 followed, and price has since slipped back to the 60.00 psych level, at the 61.8% fib of that move, as hawkish FOMC minutes and elevated yields cap bounces. The 59.907 swing low has held for the last hour, with RSI(14) neutral near 53 and price flat against EMA20.
Support: 60.00, 59.907, 59.672
Resistance: 60.47, 60.58
What it said to watch
M15 close below the 59.907 swing low exposes the 59.672 Asian low and voids the 61.8% fib hold
Reclaim of the 60.47 lower high breaks the lower-highs line and puts the 60.58 Asian high back in play
Fed's Waller at 08:30 UTC during the London session could materially shift this read
Initial Jobless Claims at 12:30 UTC (f/c 200K) is the NY session yield driver
Lower high under 60.58 session high, price back on 60.00 psych.
Late in the Asia session, silver spiked from the 59.67 asian base to a 60.58 session high at 01:00 UTC. A lower high at 60.47 gave way, and price has faded back to the 60.00 psych, near the 61.8% fib of that leg, with the 59.91 session low holding so far. The bounce came after Wednesday's hawkish FOMC minutes and is positioning-driven, with the 60.22 prior high now capping.
Support: 60.00, 59.907, 59.672
Resistance: 60.222, 60.47, 60.58
What it said to watch
M15 close below the 59.91 session low exposes the 59.67 asian base
Reclaim of the 60.22 prior high reopens the 60.47 lower high and 60.58 session high
Fed's Waller 08:30 UTC and Initial Claims 12:30 UTC (f/c 200K) could materially shift this read via yields
03:32 UTC
Intraday bounce fading, price back at mid-range · RSI 55 · price 60.04
Asia spike to 60.58, lower high at 60.47, pullback testing 60.00.
The Asia session bounce off the 59.672 Asian low ran to the 60.58 Asian high by 01:00 UTC. A lower high at 60.47 then gave way to a slide that is now testing the 60.00 psych level and the 61.8% retracement of the Asian leg, with price pinned at EMA20 and RSI(14) near 55. The digest frames this bounce after the hawkish FOMC minutes as positioning-driven, and it is stalling, leaving 59.907 as the pullback low beneath price.
Support: 60.00, 59.907, 59.672
Resistance: 60.47, 60.58
What it said to watch
M15 close below the 59.907 pullback low exposes the 59.672 Asian low
Recovery through the 60.47 lower high reopens the 60.58 Asian high
Fed's Waller at 08:30 UTC and Initial Claims at 12:30 UTC (f/c 200K) could materially shift this read
03:17 UTC
Asia bounce fading, momentum rolling over · RSI 52 · price 60.003
Post-spike Asia range broken lower, testing 60.00.
Late Asia session. The bounce off the 59.672 asia low spiked to a 60.58 session high, then held a 60.14–60.47 range before the last two bars broke lower. Price now sits on 60.00 psych, the 61.8% of the asia leg fib. The digest calls the bounce positioning-driven, with hawkish FOMC minutes and high yields still the backdrop, and RSI(14) is mid-range near 52.
Support: 60.00, 59.672, 58.978
Resistance: 60.47, 60.58
What it said to watch
M15 close below 60.00 psych exposes the 59.672 asia low
A break of the asia low brings Wednesday's 58.978 prior low back into view
Reclaim of the 60.47 asia top reopens the 60.58 session high
Fed's Waller at 08:30 UTC and Initial Jobless Claims at 12:30 UTC could materially shift this read
03:04 UTC
Short-term recovery, capped under Asian high · RSI 61 · price 60.212
Asian range 59.67–60.58; inner range 60.05–60.47 above psych 60.00.
The Asia session reclaimed psych 60.00 with a spike to the 60.58 asian high that was rejected. Price has since ranged between the 60.05 swing low, which sits near the 61.8% retrace of the Asia spike, and the 60.47 swing high. Yesterday's NY slide to 58.98 came against a firm yield and USD backdrop following the hawkish FOMC Minutes, and that low remains the floor of the 24h window.
Support: 60.047, 60.00, 59.672
Resistance: 60.47, 60.58
What it said to watch
Failure to hold the 60.05 swing low and psych 60.00 puts the 59.67 asian low back in play
M15 close above the 60.47 swing high reopens a test of the 60.58 asian high
Fed's Waller at 08:30 UTC and Initial Jobless Claims at 12:30 UTC (f/c 200K) could materially shift this read
02:47 UTC
Short-term uptrend off Asia breakout, momentum pausing · RSI 70 · price 60.416
Breakout from the Asian range, now consolidating 60.22–60.47 with higher lows.
Asia session broke out of the 59.67–59.90 Asian range with a spike to 60.58 as the USD softened. That move reclaimed $60 psych after Wednesday's slide on the hawkish FOMC Minutes. Price is now coiling between the 60.22 range floor and the 60.47 range top, near the 38.2% fib, with higher lows and RSI(14) around 70.
Support: 60.22, 60.00, 59.67
Resistance: 60.47, 60.58
What it said to watch
M15 close below the 60.22 range floor breaks the higher lows and exposes 60.00 psych
Clearance of the 60.58 spike high extends the breakout; another rejection keeps the 60.47 range top capping
A return below 60.00 into the Asian range toward the 59.67 asian low would mark a false break
Fed's Waller at 08:30 UTC could materially shift this read; Jobless Claims follow at 12:30 UTC
Asia breakout from overnight base; tight band 60.14–60.43 below the 60.58 spike high.
Mid-Asia, silver broke above the 59.67–59.90 asian base at 00:45 UTC and ran to a 60.58 spike high before fading. Since then it has held a 60.14–60.43 band, back above psych 60 after Wednesday's hawkish-Minutes break. RSI(14) is near 64 and ATR(14) about 188 pips.
Support: 60.14, 60.00, 59.67
Resistance: 60.43, 60.58
What it said to watch
M15 close below the 60.14 pullback low, near the 50% of the Asia spike fib, exposes psych 60 and the 61.8% near 60.02
Clearance of the 60.43 session top would bring the 60.58 spike high back into play
A return below psych 60 into the 59.67 asian base would unwind the breakout read
Fed's Waller at 08:30 UTC could materially shift this read; Initial Jobless Claims follow at 12:30 UTC
Asian range breakout; consolidating 60.14–60.43 beneath the 60.58 spike high.
Asia session broke out of its 59.67–59.90 range in a sharp spike to 60.58, reclaiming the 60.00 round number lost in yesterday's NY flush to 58.98 on hawkish Fed repricing. The spike high drew an immediate rejection, and price has since held a 60.14–60.43 range near the 50% retracement of the Asia spike, with RSI(14) around 70 and ATR near 205 pips.
Support: 60.144, 60.00, 59.90
Resistance: 60.427, 60.58
What it said to watch
M15 close below the 60.14 range low exposes the 60.00 round number and the 61.8% of the Asia spike near 60.02
Close back under the 59.90 asian high would turn the breakout into a false break
Acceptance above the 60.43 range high reopens the 60.58 spike high
Waller 08:30 UTC and Jobless Claims 12:30 UTC (f/c 200K) could materially shift this read
02:04 UTC
Sharp Asia rebound, now pausing below 60.28 · RSI 67 · price 60.243
V-recovery from 59.67, tight 60.14–60.43 consolidation under spike high.
Mid-Asia session, silver rebounded off 59.67, cleared the 59.90 asian high and the 60.00 round number, then was rejected at the 60.58 spike high. Price is holding the 38.2% fib near 60.23, just under the 60.28 prior high where yesterday's NY flush to 58.98 began on the hawkish-Fed, firm-yield backdrop. RSI(14) is near 67 and ATR(14) is about 190 pips.
Support: 60.144, 60.00, 59.90
Resistance: 60.28, 60.426, 60.58
What it said to watch
A close above the 60.43 lower high reopens the 60.58 spike high
Loss of the 60.14 swing low and the 60.00 round number (61.8% fib) exposes the 59.90 asian high
Waller at 08:30 UTC and Initial Jobless Claims at 12:30 UTC (f/c 200K) could materially shift this read
Asia breakout above $60, wick rejection at 60.58, now holding the 38.2% retracement.
Early Asia session broke out of the 59.67–59.90 post-reopen range and reclaimed the $60 psych level. The move was rejected at the 60.58 Asia high, with a lower high at 60.406. Price is now holding the 38.2% retracement and yesterday's 60.222 prior high, a squeeze against the bearish yields/USD backdrop with RSI(14) cooling from the high 60s.
Support: 60.222, 60.00, 59.672
Resistance: 60.406, 60.58
What it said to watch
Failure to hold 60.222 prior high and $60 psych exposes the 61.8% retracement near 60.02 and the 59.672 asia low
M15 close above the 60.406 lower high puts the 60.58 asia high back in play
Fed's Waller at 08:30 UTC and Jobless Claims at 12:30 UTC could materially shift this read
01:32 UTC
Rebound from flush, momentum hot · RSI 69 · price 60.253
Asian range broken higher, spike high rejected.
Late in the Asia session, silver broke out of the 59.674–59.900 Asian range and reclaimed the $60 psych level after Wednesday's hawkish-Minutes slide. The burst was rejected at the 60.58 spike high, and price is now pressing the 60.28 breakdown level from before the flush to 58.978. RSI(14) is near 69 and ATR(14) has expanded to about 175 pips.
Support: 59.90, 59.674
Resistance: 60.28, 60.58
What it said to watch
M15 close back below 59.90 (asian high) would mark the range break as a false break
Acceptance above 60.28 breakdown level, then the 60.58 spike high, extends the rebound
Loss of the $60 psych / fib 61.8% zone shifts focus to the 59.674 asian low and the rising lows line
Fed's Waller at 08:30 UTC and Jobless Claims at 12:30 UTC could materially shift this read
Asian range break higher, rejection from spike high.
Asia session broke the 59.67–59.90 Asian range with a two-bar burst that reclaimed the $60 round number, a squeeze after Wednesday's FOMC Minutes-driven slide to 58.98. The spike high at 60.58 overshot the 61.8% retrace of the day's drop fib and was rejected, and price now sits near the 50% level just above $60 with RSI(14) near 67.
Support: 59.90, 59.672
Resistance: 60.28, 60.58
What it said to watch
M15 close back below the 59.90 asian high returns price to the Asian range and turns the break into a false break
Close above the 60.58 spike high invalidates the rejection read; the prior high at 60.28 is the first test
Loss of the 59.67 asian low re-exposes the 58.98 session low
Fed's Waller at 08:30 UTC and Initial Jobless Claims at 12:30 UTC could materially shift this read
01:06 UTC
Sharp rebound off lows within a broader intraday downtrend · RSI 72 · price 60.289
Asian range 59.67–59.90 broken higher; post-drop range top 60.22 cleared.
Early in the Asia session, silver broke out of the 59.67–59.90 Asian range. In two bars it cleared the 60.22 prior high and reclaimed the 60.00 psych line, retracing part of the slide to 58.98 that followed the hawkish FOMC Minutes. Price now sits just above the 50% retracement of the 61.47–58.98 drop, with RSI(14) near 72. The 60.31 session high and the fib 61.8% at 60.52 are the next overhead levels.
Support: 60.222, 60.00, 59.90
Resistance: 60.31, 60.52, 60.663
What it said to watch
A slip back below the 60.22 prior high returns price to the 59.67–60.22 post-drop range
Loss of 60.00 psych and the 59.90 asian high would mark the break as a false break
M15 acceptance above the fib 61.8% at 60.52 exposes the 60.66 swing high
Fed's Waller at 08:30 UTC could reverse the squeeze if he echoes the Minutes' hike bias
Lower highs off 60.222; tight Asian range 59.67–59.90.
Silver stays below $60 after Wednesday's flush to 58.978 on the hawkish Fed repricing tied to the FOMC Minutes. The rebound from the flush low met rejection at the 60.222 swing high during NY hours, and the highs since then have been lower. Price is now pressing the base of a tight Asian range (59.67–59.90) just above the 59.597 swing low, with RSI(14) near 41 and price below both EMAs.
Support: 59.597, 59.345, 58.978
Resistance: 59.90, 60.222
What it said to watch
An M15 close below the 59.597 swing low extends the lower-high sequence and puts the 59.345 higher low in play.
A reclaim of the 59.900 Asia high and the $60 psych level neutralises the lower-high read, with the 60.222 swing high above.
Fed's Waller at 08:30 UTC during the London morning, then Initial Jobless Claims at 12:30 UTC (f/c 200K), could materially shift this read.
Tight Asian range 59.683–59.900 under a falling trendline, price at range floor.
The London-NY transition flush to 58.978 broke the $60 floor. Since the rebound high at 60.222, lower highs under a falling trendline have kept price below 60.000 psych as the hawkish FOMC Minutes weigh. Early Asia session is pressing the 59.683 Asian low with RSI(14) near 47, between the 38.2% and 50% of the flush rebound fib.
Support: 59.683, 59.597, 59.345
Resistance: 59.90, 60.00, 60.222
What it said to watch
Break of the 59.683 Asian low exposes the 59.597 NY low, aligned with the 50% flush rebound fib
Close above the 59.900 Asian high and the falling trendline puts 60.000 psych and the 60.222 rebound high back in play
Loss of the 59.345 swing low reopens the 58.978 flush low
Fed's Waller at 08:30 UTC could materially shift this read
Lower high at 60.222, tight Asian range 59.706–59.900.
Silver is holding a tight Asian range between the Asian low at 59.706 and the Asian high at 59.900. Earlier, the NY rebound was rejected at the 60.222 NY high, and the hawkish FOMC Minutes then drove price to a 59.597 swing low, right on the 50% level of the flush bounce fib (58.978 flush low to 60.222). Lower highs under psych 60 define the structure, with RSI(14) neutral near 53.
Support: 59.706, 59.597, 58.978
Resistance: 59.90, 60.222
What it said to watch
Break of the 59.597 swing low and 50% fib exposes the 58.978 flush low
M15 close above the Asian high at 59.900 and psych 60 tests the descending trendline from the 60.222 NY high
Fed's Waller (08:30 UTC) and Initial Jobless Claims (12:30 UTC) could materially shift this read
Post-flush range 59.60–60.22, Asia compressing 59.71–59.90 under lower highs.
Silver stays capped below psych 60 after the London flush to 58.978 and a NY rebound rejected at the 60.222 ny high, with hawkish FOMC Minutes keeping USD and yields bid. Early Asia session is compressing between the 59.706 session low and 59.90 session high, right at the 61.8% of the flush fib (~59.78), with RSI(14) neutral near 55.
Support: 59.706, 59.597, 58.978
Resistance: 59.90, 60.222
What it said to watch
M15 close above the 59.90 session high and psych 60 breaks the descending cap and reopens the 60.222 ny high
Loss of the 59.706 session low exposes the 59.597 swing low, then the 58.978 flush low near the $59 handle
Fed's Waller at 08:30 UTC and jobless claims at 12:30 UTC could expand ranges well beyond the ~95-pip ATR