XAG/USD AI Live Scan, 1-hour chart, Tuesday, 10 November 2026
Every read JAFX AI made on the XAG/USD 1-hour chart that day, newest first: trend, structure, the levels it marked and what it said to watch.
23:03 UTC
Downtrend, selling pace easing · RSI 36 · price 51.526
Lower highs from 53.70 week high; Monday's range broken lower.
Tuesday's Asia-session push to the 53.70 week high met rejection, and a run of lower highs turned into a slide in the European session after Waller's 50bp warning. The hot October CPI (0.4% MoM vs 0.3%) then lifted the USD into the NY session, and price broke through Monday's 52.06 low to a 51.12 week low. RSI(14) briefly dipped below 30 and has recovered to 36, ATR is easing off its post-CPI peak, and price has bounced back to the weekly open at 51.45 but stays below EMA(20) at 51.99 and EMA(50) at 52.26, with EMA(20) having crossed below EMA(50).
Support: 51.452, 51.116
Resistance: 51.987, 52.262, 53.701
What it said to watch
Fed's Bowman and Paulson at 23:30 UTC could materially shift this read; endorsement of a larger December hike adds USD pressure
H1 close below the 51.12 week low extends the lower-low sequence after the CPI break
Recovery above ema20 at 51.99 and the 52.10 fib 38.2% of the 53.70-51.12 drop would mark the first higher high since CPI
Acceptance above ema50 at 52.26 neutralises the downtrend read; the lower highs line from the 53.70 week high sits near 52.8
Thursday's Initial Jobless Claims (f/c 195K) and the Fed speaker slate are the next scheduled catalysts
Lower highs from 53.701 week high, range break lower after CPI, basing at weekly open.
Silver rolled over from Tuesday's Asian-session week high at 53.701, printing lower highs into London. Waller's bigger-hike warning and then the hot October CPI beat (0.4% vs 0.3%) in the NY session broke the Monday-Tuesday range and drove a slide through both EMAs to a 51.116 cpi low. Price has since steadied back at the weekly open near 51.45 as RSI(14) recovered from 28.1 to 36.3 and ATR eased from 425 to 357 pips. The falling ema20 at 51.987 sits below a declining ema50 at 52.262, forming the first overhead cap.
Support: 51.452, 51.116
Resistance: 51.987, 52.262, 53.701
What it said to watch
H1 close back above the ema20 at 51.987 and the 38.2% fib near 52.10 would mark the first higher high since the CPI drop
Failure to hold the weekly open at 51.452 and a break of the 51.116 cpi low extends the lower-low sequence
A return toward the ema50 at 52.262 and the lower-high trendline would test whether the downtrend structure still caps rallies
Fed's Bowman and Paulson speak at 23:30 UTC (~86 min) and could materially shift this read
Thursday's Initial Jobless Claims (f/c 195K) is the next data risk; the week high at 53.701 is the level a reversal would need to clear
Lower highs from 53.70; price below ema20 and ema50.
Silver rallied from the 51.452 weekly open on Monday as the USD weakened after the midterms. The move met rejection at 53.70 in Tuesday's Asia session, and the lower highs that followed turned into a slide after Waller's comments and the hot October CPI. NY-session selling took price through both EMAs to a 51.116 week low, and EMA(20) has now crossed below EMA(50). RSI(14) has bounced from 28.1 to 35.7, putting price back on the weekly open, with last week's prior close at 51.959 and the falling ema20 at 52.036 overhead.
Support: 51.452, 51.116
Resistance: 51.959, 52.036, 52.292
What it said to watch
Paulson and Bowman at 23:30 UTC could materially shift this read if they back a 50bp December hike
An H1 close below the 51.116 week low extends the post-CPI lower-low sequence
Failure to hold the weekly open at 51.452 puts the 51.116 week low back in play
A reclaim of the prior close at 51.959 and the ema20 at 52.036, near the 38.2% fib, would mark the bounce as more than an oversold pause
The ema50 at 52.292 caps the 50% fib zone; a break above it challenges the lower-highs structure
Thursday's Initial Jobless Claims at 13:30 UTC (f/c 195K) is the next data risk
20:02 UTC
Downtrend leg from Tuesday's high, momentum cooling · RSI 33 · price 51.398
Lower highs from 53.70; week low at 51.12 retests Thursday's lows.
Silver was rejected at 53.70 in Tuesday's Asia session, then slid about $2.60. Waller's hawkish remarks in London started the drop, and the hot October CPI extended it into the NY session, printing a week low at 51.12 just under Thursday's lows. Price now sits just below the week open at 51.45 and below both EMAs, with EMA(20) rolling over at 52.09, the 38.2% retrace of the sell-off fib, and the lower-highs sequence intact. RSI(14) dipped to 28 and has recovered to 33.4, while ATR holds near 384 pips.
Support: 51.116, 50.00
Resistance: 51.452, 52.092, 52.324
What it said to watch
Fed's Bowman at 20:30 UTC, then Bowman and Paulson at 23:30 UTC, could materially shift this read
H1 close below the 51.12 week low extends the lower-low sequence and leaves the 50.00 psych level as the next round number
Acceptance back above the week open at 51.45 and the lower-highs line would signal the sell-off is stalling
Reclaim of ema20 at 52.09 (38.2% fib) and then ema50 at 52.32 would undercut the downtrend leg read
Thursday Initial Jobless Claims at 13:30 UTC (f/c 195K) are the next data risk
19:02 UTC
Downtrend, oversold after a sharp sell-off · RSI 30 · price 51.289
Lower highs from the 53.70 week high, price below weekly open.
Tuesday's Asia-session push to 53.70, above the 53.45–53.50 channel top, was rejected. The London sell-off on Waller's larger-hike warning then extended in NY on the hot October CPI (core 0.3% vs 0.2%), erasing Monday's entire rally. Price now trades below the weekly open at 51.45 and under both EMAs after a run of lower highs, with EMA(20) at 52.16 crossing below EMA(50) at 52.36 and RSI(14) oversold at 29.9. The week low at 51.12 sits just under last Friday's 51.18 floor, with the 51.00 round number below.
Support: 51.116, 51.00
Resistance: 51.452, 52.163, 52.361
What it said to watch
Fed's Bowman at 20:30 GMT, then Paulson and Bowman at 23:30 GMT, could materially shift this read
An H1 close below the 51.12 week low extends the lower-low sequence and puts the 51.00 round number in play
A recovery back above the 51.45 weekly open, and then the lower highs trendline near 52.00, would challenge the downtrend read
The ema20 at 52.16, close to the 38.2% sell-off retracement at 52.10, is the first test on any rebound; the ema50 sits above at 52.36
Thursday's Initial Jobless Claims (f/c 195K) is the next data risk for the hawkish-Fed driver
Lower highs from 53.70; Monday's rally fully retraced.
Silver has given back all of Monday's rally from the 51.45 weekly open. It topped at 53.70 in Asia today and printed a run of lower highs through London after Waller's bigger-hike warning, then the hot October CPI accelerated the drop during NY hours. Price sits below both EMAs, with EMA(20) at 52.255 now crossed under EMA(50) and RSI(14) oversold at 28.1, pressing last week's 51.18 prior low after a 51.12 session low, with the post-CPI high at 52.07 the only bounce so far.
Support: 51.178, 51.116
Resistance: 51.452, 52.07, 52.255
What it said to watch
Fed's Bowman at 20:30 UTC, then Paulson and Bowman at 23:30 UTC, could materially shift this read if they back a larger December hike
An H1 close below the 51.12 session low extends the lower-low sequence beyond last week's 51.18 prior low
A lower low with RSI(14) holding above 28.1 would set up bullish RSI divergence while oversold
A recovery above the 51.45 weekly open, then the 52.07 post-CPI high and the 52.255 ema20, would break the lower-highs line
Lower highs since Tuesday's 53.70 peak, weekly open lost.
The week opened at 51.45 and squeezed to a 53.70 high in early Tuesday Asia, but the London session faded it after Waller's bigger-hike warning. The hot October CPI (core MoM 0.3% vs 0.2%) then drove a NY-hours flush through the prior close at 51.96 and the weekly open to a 51.13 session low, just under last week's prior low at 51.18. Each bounce has stalled under a lower-highs line, and EMA(20) has crossed below EMA(50) as RSI(14) slips to 28.6 and ATR expands to 425 pips.
Support: 51.129, 51.178
Resistance: 51.452, 51.959, 52.363
What it said to watch
H1 closes below the 51.13 session low and 51.18 prior low would confirm a lower-low below last week's floor
Recovery back above the 51.45 weekly open would mark the break as a false break
A close above the lower-highs line near the 51.96 prior close, then the 52.36 ema20, would challenge the downtrend read
Oversold RSI(14) at 28.6 leaves room for a reflex bounce into the 61.8% fib/ema20 zone
Fed's Bowman at 20:30 UTC, then Paulson and Bowman at 23:30 UTC, could shift this read if they endorse a larger December hike
Lower highs and lower lows since the 53.70 week high; EMA(20) crossed under EMA(50).
Silver met rejection at Tuesday's Asia-session week high of 53.70. It then carved a run of lower highs through London after Waller's hawkish remarks, and the hot October CPI (0.4% vs 0.3% f/c) extended the slide through psych 52.00 to a 51.32 week low in the first hours of NY. Price sits below EMA(20) at 52.478 and EMA(50) at 52.501, with EMA(20) just crossing under EMA(50) and ATR expanding to 420.7 pips, while RSI(14) at 31.4 matched its pre-CPI reading despite the lower low, a tentative stall in downside momentum. Monday's weekly open at 51.45 and Friday's low at 51.18 are the nearest supports below.
Support: 51.452, 51.319, 51.178
Resistance: 52.00, 52.478, 53.701
What it said to watch
H1 close back above psych 52.00 and the ema20 near 52.48 would break the lower highs sequence
Failure to hold the weekly open at 51.45 and the 51.32 week low exposes Friday's low at 51.18
Recovery into the 50–61.8% band of the Tuesday drop fib (52.51–52.79) would challenge the week high rejection read
Fed's Bowman at 20:30 GMT, then Bowman and Paulson at 23:30 GMT, could materially shift this read
15:42 UTC
Downtrend since Tuesday's Asia high, momentum stretched · RSI 36 · price 51.694
Lower highs from 53.70; Monday's rally fully unwound back to the week open.
Silver has unwound Monday's rally. It printed lower highs from the 53.70 Asia-session high on Tuesday and slid through both EMAs during London as Waller's larger-hike warning, then the hot October CPI (MoM 0.4% vs 0.3%, core 0.3% vs 0.2%), lifted the USD. The CPI hour tagged 51.46, back at the week open, with RSI(14) dipping to 31.4 before a 36.2 bounce and ATR expanding to 395 pips. Price sits below EMA(20) at 52.58, which lines up with the 50% fib of the week high to CPI low drop, and the 52.23 pre-CPI low is the first cap overhead.
Support: 51.45, 51.178
Resistance: 52.231, 52.577, 53.45
What it said to watch
H1 close below the 51.45 week open exposes last week's 51.18 prior low
Recovery above the 52.23 pre-cpi low and EMA(20) at 52.58 would stall the lower-high sequence
A break of the lower highs trendline and the 53.45 lower high would negate the downtrend read
Fed's Bowman at 20:30 GMT, then Paulson and Bowman at 23:30 GMT, could shift 25 vs 50bp pricing and this read
Thu Initial Jobless Claims (f/c 195K) at 13:30 GMT
Lower highs from 53.70; Monday's 52.06 low broken.
Silver gave back all of Monday's rally after rejection at the 53.70 week high in Asia, followed by lower highs at 53.45. Waller's bigger-hike warning, then a hot October CPI (core 0.3% vs 0.2% forecast), drove price through Monday's 52.06 pullback low to a 51.58 CPI low in the first hour of NY. Price sits below EMA(20) 52.647 and EMA(50) 52.566, and EMA(20) is rolling over. RSI(14) has slid to 31.4 from 64 yesterday and ATR has expanded to 387 pips on the CPI bar, with the weekly open at 51.45 the next reference below.
Support: 51.581, 51.452, 51.178
Resistance: 52.00, 52.231, 52.566
What it said to watch
Hourly close back above the 52.00 psych level and the 52.23 pre-CPI low would mark the CPI drop as a false break
Failure to hold the 51.58 CPI low exposes the weekly open at 51.45, then the prior wk low near 51.18
Any recovery into EMA(50) at 52.566 and the lower-highs line from 53.70 is the area to watch for rejection or a break
RSI(14) closing below 30 would put the slide into oversold territory
Pending CPI YoY readings and Fed's Bowman (20:30 UTC) and Paulson (23:30 UTC) could reinforce or unwind the hawkish repricing
Lower highs since Tuesday's 53.70 peak; price back below both EMAs inside the 51.18–53.70 range.
Monday's Asia-session rally from the 51.45 weekly open ran to a week high at 53.70 early Tuesday. That push above Monday's 53.525 high proved a false break, and Tuesday's highs stepped lower from there. Waller's bigger-hike warning during London hours then pulled silver back below EMA(50) at 52.600 and EMA(20) at 52.743, with EMA(20) rolling over and RSI(14) sliding from 64 to 38.3. Price now sits past the 61.8% fib of the Monday rally, with the Monday low at 52.06 and Friday's close at 51.96 directly beneath.
Support: 52.06, 51.959, 51.452
Resistance: 52.60, 52.743, 53.701
What it said to watch
US October CPI at 13:30 UTC (core MoM f/c 0.2%) could materially shift this read within the hour
H1 close below the 52.06 monday low exposes the 51.96 friday close, then the 51.45 weekly open
Recovery above ema50 52.600 and ema20 52.743 would neutralise the post-Waller breakdown
Tuesday lower highs line near 53.45 and the 53.70 week high cap any rebound; a close above them would end the lower-high read
Lower highs from 53.70, testing 61.8% of Monday rally.
Monday's Asia-session rally from the 51.45 weekly open made a false break above last week's 53.45 ceiling to a 53.70 week high early Tuesday. Lower highs since then turned into a London-session slide after Waller flagged a larger Fed hike. Price now sits below the ema50 at 52.616 and the ema20 at 52.799, with RSI(14) down from 64 to 39.5 and the 52.23 session low sitting near the 61.8% retracement of the Monday rally; Monday's 52.06 low and the 51.96 prior close are the next shelf beneath.
Support: 52.231, 52.06, 51.959
Resistance: 52.616, 52.799, 53.701
What it said to watch
US October CPI at 13:30 GMT (core m/m f/c 0.2%), with ADP at 13:15, lands within two bars and could materially shift this read
H1 close below the 52.06 monday low breaks the Monday rally structure and exposes the 51.96 prior close
Recovery back above the ema50 at 52.616 and the ema20 at 52.799 would neutralise the lower highs, leaving the 53.70 week high as the cap
A hold of the 52.23 session low through the data keeps the 61.8% retracement intact
Lower highs off 53.71 week high, testing 61.8% retracement.
Silver opened the week at 51.73. Monday's rally on lower oil and a softer USD extended to a 53.71 week high in Asia trade today, but that push above Monday's 53.54 high failed. Lower highs at 53.64 and 53.45 followed, and a London-session slide has taken price back below both EMA(50) at 52.64 and EMA(20) at 52.86. RSI(14) has rolled from 63.5 to 40.7 with ATR steady near 376 pips, and price is now at the 61.8% fib of Monday's 51.34–53.71 leg near today's 52.25 low, with Monday's 52.07 swing low beneath.
Support: 52.25, 52.066, 51.734
Resistance: 52.635, 52.858, 53.712
What it said to watch
US October CPI at 13:30 GMT (~2.5h) could materially shift this read; core MoM forecast is 0.2%
H1 close below the 52.07 swing low breaks Monday's higher-low structure and exposes the 51.73 weekly open
Recovery back above ema50 at 52.64 and ema20 at 52.86 would neutralise the pullback; the lower-highs line from the 53.71 week high caps above
10:03 UTC
Range, momentum fading off the week high · RSI 45 · price 52.519
Silver ran from the 51.335 weekly low at Monday's open to a 53.712 week high in Tuesday's Asia session. Lower highs at 53.64 and 53.452 followed as the USD caught bids, and the London-open drop to a 52.25 session low tagged the 61.8% fib of that impulse. Price now sits below both the ema50 (52.645) and ema20 (52.909), which has turned lower, with RSI(14) down from 63 to 45. Monday's 52.066 low still anchors the higher-low trendline, and the 53.50–53.70 zone has now rejected repeated tests since Monday's NY session.
Support: 52.25, 52.066, 51.335
Resistance: 52.645, 52.909, 53.712
What it said to watch
US October CPI at 13:30 UTC (core MoM f/c 0.2%) could materially shift this read
H1 close back above the ema20 at 52.909 would neutralise Tuesday's lower-high sequence
Failure to hold the 52.25 session low and 52.066 Monday low breaks the higher-low trendline and puts the 51.335 weekly low back in view
H1 close above the 53.712 week high breaks the lower-high trendline and the range top
09:02 UTC
Range-bound, pulling back from week high · RSI 48 · price 52.392
Lower highs off the 53.71 week high inside a 51.2–53.7 range.
Monday's Asia-session impulse from 51.34 ran to a 53.71 week high in Tuesday's Asian hours, but the push above Thursday's 53.47 peak did not hold. That false break has since printed lower highs and a slide into the London open, keeping silver inside its 51.2–53.7 range. The last closed hour sat below EMA(20) at 52.938 and above EMA(50) at 52.646. RSI(14) has eased to 48 from 64, ATR(14) is compressing to 367 pips, and the forming hour is probing the fib 61.8 retracement of the Monday impulse near 52.24, as the oil-driven USD softness that fuelled the start-of-week bid fades into US CPI.
Support: 52.243, 52.066, 51.928
Resistance: 52.938, 53.452, 53.712
What it said to watch
Failure to hold the 52.066 monday low exposes the 51.928 prior close and the 51.2 range floor
Hourly close back above the 52.938 ema20 and the 53.452 lower high would break the lower-highs sequence
US CPI at 13:30 UTC (core f/c 0.2% m/m) could materially shift this read; Waller speaks at 09:00 UTC first
A sustained move above the 53.712 week high would turn the false break into a range break
08:03 UTC
Higher lows since Friday, pulling back from week high · RSI 47 · price 52.829
Higher lows under a 53.45–53.71 ceiling; price between ema20 and ema50.
Silver has printed higher lows since Friday's 51.19 low. Monday's Asia and NY legs, helped by lower oil and a softer USD, carried it to a 53.71 week high in Tuesday's Asian session. That tag was rejected, and a short run of lower highs back to the 53.45 prior high (Thursday's 53.47 ceiling) pushed the London open below EMA(20) at 52.955. The pullback is holding above EMA(50) at 52.641, near the 38.2% retracement of Monday's impulse, with RSI(14) easing to 46.6 from the 63–64 area and ATR(14) steady around 380 pips.
Support: 52.641, 52.455, 52.066
Resistance: 52.955, 53.452, 53.712
What it said to watch
US CPI at 13:30 UTC (core MoM f/c 0.2%) could materially shift this read; Waller speaks at 09:00 UTC
H1 close back above ema20 at 52.955 restores the higher-lows sequence toward the 53.45 prior high
H1 close above the 53.71 week high breaks the range ceiling that has capped price since Thursday
Failure to hold ema50 and the 52.455 swing low exposes the 52.066 monday low and the 61.8% of Monday's impulse
Break of the higher-lows line from Friday's low turns the structure back to two-way range
Higher lows since Friday; lower highs inside Tuesday's Asia session.
Silver has printed higher lows since Friday's 51.19 low, and Monday's Asia-session impulse from 51.34, on lower oil and a softer USD, extended to a 53.71 week high in Tuesday's Asia session. No H1 close has yet held above the 53.47 prior high, and Tuesday's highs are stepping lower toward the EMA(20) at 52.98. RSI(14) has eased to 52 from 64 and ATR is contracting, while the 38.2% retracement of the Monday impulse fib near 52.80 sits just below the 52.89 Asia low.
Support: 52.981, 52.886, 52.066
Resistance: 53.468, 53.712
What it said to watch
An H1 close above the 53.47 prior high and the 53.71 week high would break the Asia lower-highs line and extend the uptrend read
Failure to hold the 52.89 Asia low and EMA(20) puts the 52.07 swing low and the Friday higher-lows trendline in focus
US CPI at 13:30 GMT (in ~6.5h, core MoM f/c 0.2%) could materially shift this read, with Waller at 09:00 GMT beforehand
06:04 UTC
Uptrend since Monday, compressing below week high · RSI 59 · price 53.269
Higher lows 52.07 → 52.89, capped 53.47–53.71.
Silver opened the week at 51.73 and the Asia session drove the Monday impulse from 51.34 to 53.45. London faded it to the Monday low at 52.07, then a late NY push, helped by oil sliding on Iran headlines, carried price to a 1.5-week high and week high at 53.71. Since then price has held a 52.89–53.71 range above a rising EMA(20) at 52.98, with the Tuesday Asia low forming on that EMA, RSI(14) easing from 64 to 59, and ATR compressing from 442 to 376 pips ahead of CPI.
Support: 52.978, 52.886, 52.066
Resistance: 53.468, 53.712
What it said to watch
US CPI at 13:30 GMT (core m/m f/c 0.2%) could materially shift this read; Waller speaks at 09:00 GMT
H1 acceptance above the 53.71 week high clears the Thursday high cap at 53.47 and extends the rising-lows structure
Failure to hold the 52.89 Asia low and the rising lows trendline puts the 52.07 Monday low back in focus
A close back below EMA(20) at 52.98 would mark the first break of this week's pullback pattern
Higher lows since Monday; week high 53.712 capping, two Asia rejections.
Silver has climbed from Monday's 51.734 weekly open as oil-driven USD weakness lifted metals. Since then it has printed higher lows at the 52.066 pullback low and the 52.886 session low, clearing the 53.45–53.54 prior high cluster to a 53.712 week high in the Asia session. Two Asia-session pushes toward 53.70 were rejected, and price now sits on the 23.6% level of the Monday rally fib near 53.15. That leaves it just above EMA(20) at ~52.95, with RSI(14) easing to 57 after failing to make a new high alongside price.
Support: 52.95, 52.886, 52.066
Resistance: 53.712, 53.54
What it said to watch
H1 close above the 53.712 week high extends the higher-high sequence beyond the prior high cluster
Close below the ema20 and 52.886 session low breaks the higher-low line; the 38.2% Monday rally fib at ~52.80 and the 52.066 pullback low sit below
US CPI at 13:30 UTC (core m/m f/c 0.2%) could materially shift this read; Waller speaks at 09:00 UTC
Higher lows since Friday; 53.47–53.71 cap rejected in Asia.
Silver has built higher lows since Friday's 51.19 trough. Monday's rally came in two legs, an Asia-session surge and a late NY push, both on a softer USD as Iran-deal hopes pulled oil lower. Tuesday's early Asia spike to the 53.71 week high failed to close above Thursday's 53.47 prior high. Price has slipped back to 53.00, sitting on EMA(20) (~52.93), the rising trendline and the Asia low at 52.89, with RSI(14) back near 53.
Support: 52.89, 52.07, 51.34
Resistance: 53.47, 53.71, 55.00
What it said to watch
US CPI at 13:30 UTC (core f/c 0.2% m/m) could materially shift this read; Fed's Waller speaks first at 09:00 UTC
H1 close above the 53.47 prior high and 53.71 week high would turn the false break into a breakout, with 55.00 round number next
Break of the 52.89 Asia low and rising trendline exposes the Monday rally fib 50% at 52.52 and the 52.07 London low
Loss of the 52.07 London low undoes the higher-low sequence and puts the 51.34 week low back in focus
03:05 UTC
Uptrend, stalling at range top · RSI 55 · price 53.003
Higher lows inside 51.19–53.71 range.
Silver has held a 51.19–53.47 range since Wednesday's Asia-session impulse off 48.95. Higher lows formed at 51.19 on Friday and 52.07 during Monday's London session. Monday's Asia and late-NY legs cleared the 53.47 prior high, helped by oil and Iran relief softening the USD, but the 53.71 week high met rejection in Asia; price is back near 53.00, sitting on EMA(20) with RSI(14) at 55.
Support: 52.92, 52.066, 51.734
Resistance: 53.47, 53.712
What it said to watch
US CPI at 13:30 UTC (core m/m f/c 0.2%) could materially shift this read; Waller speaks at 09:00 UTC
H1 close above the 53.71 week high turns the poke above the 53.47 prior high into a range break
H1 closes below ema20 near 52.92 put the 52.59 23.6% level of the rally fib in play
Loss of the 52.07 swing low breaks the higher-low trendline sequence; below the 51.73 weekly open the week's gains unwind
02:05 UTC
Recovery uptrend, stalling at range cap · RSI 59 · price 53.143
Higher lows since Friday inside 51.18–53.45 range; Tuesday poke above cap faded.
Wednesday's post-midterm impulse from 48.95 stalled at the 53.45 range cap. The Friday low at 51.18 held the 50% retracement of that impulse even after the NFP beat lifted the USD. Higher lows since then, including Monday's 52.06 dip at the London open, carried silver to a 53.70 week high in Tuesday's Asia session as softer oil weighed on yields. Hourly closes have slipped back under the range cap, so that push reads as a possible false break, with price holding just above EMA(20) near 52.92 and RSI(14) easing to around 59.
Support: 52.92, 52.06, 51.18
Resistance: 53.45, 53.70
What it said to watch
US CPI Tue 13:30 UTC (core f/c 0.2% MoM), with Waller at 09:00 UTC, could materially shift this read
An H1 close back above the 53.45 range cap negates the false break and puts the 53.70 week high back in play
Loss of EMA(20) near 52.92 and the 53.00 handle exposes the higher-lows trendline toward the 52.06 Monday low
A break below the 52.06 Monday low ends the higher-lows sequence, with the Friday low at 51.18 the next reference
01:04 UTC
Uptrend, pressing the range cap · RSI 61 · price 53.20
Higher lows since Monday; 53.45-53.50 cap probed, not yet accepted.
Silver is still in the uptrend that began with Wednesday's midterm-driven squeeze off 48.95. Monday's Asia session rally from the 51.45 weekly open stalled at the 53.45 range cap, with a softer USD and lower oil supporting metals. Higher lows from the 52.06 monday low carried a late-NY push above the cap, but the Asia session probe to a 53.70 spike high was rejected back to a 53.00 swing low, a false break so far, with price holding above EMA(20) and RSI(14) near 61.
Support: 52.996, 52.06, 51.452
Resistance: 53.45, 53.701
What it said to watch
H1 acceptance above the 53.70 spike high would turn the range cap probe into a confirmed breakout
Loss of the 53.00 swing low and the higher-lows trendline exposes the 52.06 monday low
A break below the 52.06 monday low ends the higher-lows sequence; the 51.45 weekly open and the squeeze fib 50% near 51.32 come next
US CPI Tue 13:30 UTC (core MoM f/c 0.2%) and Waller at 09:00 UTC could materially shift this read
00:04 UTC
Range-bound, pressing the range top · RSI 64 · price 53.353
51.18–53.45 range since Thursday; higher lows building through Monday.
Silver has ranged 51.18–53.45 since Wednesday's post-midterm impulse off 48.95. Friday's NFP dip held near the 50% retracement around 51.20. Monday gapped down to the 51.45 weekly open, rallied in the Asia session, faded to a 52.06 london low, then built a higher low at 52.45 through NY as oil and the USD eased; price sits above EMA(20) with RSI(14) near 64. Late-session pushes wicked to a 53.70 spike high, but no hourly close has held above the 53.45 range top, which marks a rejection so far.
Support: 52.45, 52.06, 51.45
Resistance: 53.45, 53.70
What it said to watch
Hourly close above the 53.45 range top, with the 53.70 spike high cleared, breaks the range read
Loss of the 52.45 higher low and the 52.06 london low breaks the higher-lows trendline and returns focus to the 51.45 weekly open
US CPI Tue 13:30 GMT (core f/c 0.2% MoM), preceded by Waller at 09:00 GMT, could materially shift this read