Higher highs / higher lows, pullback from range high.
Silver extended a multi-day uptrend, spiking to a six-week high near 65.12 after Friday's shock -23K NFP print gutted the USD and yields. The move stalled at the 65 psychological cap and price has since eased back toward 63.5, with ATR(14) expanded on the impulsive breakout. Higher-low structure remains intact above the 60.86 swing low, with EMA20 and EMA50 stacked below price.
Support: 62.00, 60.86, 59.40
Resistance: 65.00, 65.12
What it said to watch
H4 close above 65.00 psych cap opens the path toward the 100-day area near 69
Failure to hold 62.00 50-day sma exposes 60.86 swing low, then 59.40 prior low
US CPI Aug 12 12:30 GMT is the dominant catalyst and could materially shift this read
21:05 UTC
Uptrend, momentum strong · RSI 68 · price 63.534
Higher highs and higher lows, fresh breakout.
Silver has built a clean higher-high, higher-low sequence off the early-month base near 56.55, accelerating into a 6wk high at 65.12 after Friday's shock -23K NFP torched the dollar. ATR(14) is expanding, consistent with a trend extension rather than compression, and price sits above both EMA20 and EMA50. The 65.00 psych cap is the immediate ceiling; the 50d sma around 62.00 marks the first structural support.
Support: 62.00, 60.86, 59.40
Resistance: 65.12, 65.00
What it said to watch
Decisive H4 close above 65.00 psych cap opens the path toward 69
Loss of 62.00 50d sma would break the higher-low sequence, exposing 60.86 swing low then 59.40 deep sup
US CPI Aug 12 12:30 GMT is the dominant catalyst and could materially shift this read