Lower highs from 53.17; Asia open broke the NY low.
Wednesday's rally stalled at 53.17 just above the $53 cap during London, then unwound through NY as the USD pushed to fresh highs. Early Asia extended the slide through the 51.63 NY low to 51.22, testing Tuesday's low, with price below the ema20 (51.746) under a falling highs line. RSI(14) at 15.2 is deeply oversold, and ATR has re-expanded to 118.6 pips on the reopen leg.
Support: 51.23, 51.00
Resistance: 51.43, 51.63, 51.746
What it said to watch
Failure to hold the Tuesday low at 51.23 leaves the 51.00 round number as the next marker
M15 close back above yesterday's 51.43 asia low would mark the reopen break as stalling
Reclaim of the 51.63 NY low and the ema20 near 51.75 would test the falling highs line
US Jobless Claims at 13:30 GMT and the Fed-speaker slate after it could materially shift this read
Lower highs and lower lows since the 53.17 high; new Asia session breaking lower.
Wednesday's Asia rally stalled at the 53.17 high just above the $53.00 cap, and NY hours unwound it as USD held at yearly highs. The new Asia session extended the slide to a 51.39 session low, through the prior low at 51.63 and close to Tuesday's low near 51.23. RSI(14) at 17.8 is deeply oversold, price sits below both EMAs with the ema20 at 51.794, and ATR runs at 115 pips.
Support: 51.389, 51.23
Resistance: 51.63, 51.794
What it said to watch
A break of Tuesday's low at 51.23 confirms a fresh lower-low beyond the CPI-day trough
Reclaiming the prior low at 51.63 and the ema20 at 51.794 would mark the first stall in the slide from the 53.17 high
Holding above the 51.389 session low with RSI lifting from sub-20 would mark exhaustion of the leg
US Jobless Claims at 13:30 UTC Thursday and the Fed-speaker slate could materially shift this read
Lower highs from 53.17; full retrace of the Asia spike to the rally base.
Silver has unwound the entire Asia-session spike from 51.43 to 53.17. After $53.00 capped it in London, it printed lower highs through NY as the USD extended its post-CPI rally. The new Asia session opened on a small gap at 51.72 and sold straight back to the 51.43 rally base, with RSI(14) at 19.3, ATR(14) expanding to 114 pips and price below the 51.834 ema20 and 52.108 ema50.
Support: 51.43, 51.23
Resistance: 51.63, 51.834, 52.108
What it said to watch
Failure to hold the 51.43 rally base exposes Tuesday's 51.23 cpi low
Reclaim of the 51.63 ny low and the 51.834 ema20 would break the lower-high sequence
A recovery through the 52.108 ema50 would put the intraday downtrend read in question
RSI(14) sub-20 at the rally base; a higher RSI low on a retest would mark momentum divergence
US Jobless Claims Thu 13:30 GMT and the Fed-speaker slate could materially shift this read
Lower highs from 53.17 day high; full Asia rally retraced.
Silver was rejected just above $53.00 at the London open (53.17). It ground lower through NY on firm USD and yields and has now given back the whole Asia-session rally, sitting at 51.66 below both EMAs. RSI(14) is 25.1 (oversold) and ATR has compressed to 103 pips from 155. The selloff fib puts the 38.2% retracement near 52.22, just above the 52.18 lower high. The session low at 51.63 is the latest step down, with the 51.43 asian low the base the rally launched from.
Support: 51.63, 51.43
Resistance: 51.871, 52.134, 52.182
What it said to watch
M15 close back above the ema20 at 51.871 would be the first break in the lower-high chain; the ema50 at 52.134 sits above it
Failure to hold the 51.43 asian low exposes Tuesday's ~51.23 post-CPI low
Hold above the 52.182 lower high would negate the selloff structure
Thu 13:30 GMT US Jobless Claims (f/c 195K) and the Fed-speaker slate could materially shift this read; Fri core PPI is the bigger catalyst
Lower highs/lower lows from 53.17 high; Asia rally fully unwound.
Silver has unwound the entire Asia-session rally from the 51.43 asia base to 53.17, sliding through London and NY as the USD held its post-CPI highs and printing a fresh session low at 51.63, below both EMAs. RSI(14) at 25.1 is oversold and ATR has compressed to 103 pips from 155, but the lower-highs trendline from 52.18 keeps capping bounces into the late NY close.
Support: 51.63, 51.43, 51.23
Resistance: 51.871, 52.134, 52.182
What it said to watch
M15 close back above the ema20 at 51.871 and the lower-highs trendline would break the down-sequence
Failure to hold the 51.63 session low exposes the 51.43 asia base, then Tuesday's 51.23 low
Recovery through the ema50 at 52.134 and the 52.182 lower high would neutralise the intraday downtrend
US Jobless Claims Thu 13:30 GMT and the Fed-speaker slate could materially shift this read
Lower highs and lower lows since the 53.17 session high.
Silver has given back the whole Asia-to-London rally. Supply capped it at the 53.17 session high near $53.00, and a steady lower-high chain through NY hours followed as USD strength persisted. Price sits at a fresh session low near 51.63, below the ema20 (51.871) and ema50 (52.134), with RSI(14) oversold at 25.1 and ATR compressing to 103 pips in the late-NY lull.
Support: 51.63, 51.43
Resistance: 51.871, 52.182
What it said to watch
M15 close back above the ema20 at 51.871 and the 51.90 swing would break the lower-highs trendline
A move through the 52.18 lower high would end the NY-session lower-high chain
Failure to hold the 51.63 session low exposes the 51.43 asian low, the origin of the overnight rally
Thu 13:30 GMT US Jobless Claims and the Fed-speaker slate could materially shift this read
22:16 UTC
Downtrend, oversold and decelerating · RSI 25 · price 51.657
Lower highs and lower lows since the 53.17 day high.
Silver has given back the entire Asia rally off the 51.43 asia low. Supply first capped price at the 53.17 high, then it slid through London and NY as USD and yields extended their post-CPI gains. Late NY trade sits at the 51.63 session low, below the ema20 at 51.871 and the ema50, with each bounce capped under the falling trendline from the 52.18 lower high. RSI(14) at 25 is oversold, while ATR has compressed to 103 pips from 155, a sign the selloff is losing pace.
Support: 51.63, 51.43
Resistance: 51.871, 52.182
What it said to watch
Failure to hold the 51.63 session low exposes the 51.43 asia low (the base of the Asia rally)
An M15 close above the ema20 at 51.871 and the falling trendline would break the lower-high chain
Reclaim of the 52.182 lower high would neutralise the intraday downtrend read
Thu 13:30 GMT US Jobless Claims plus the Fed-speaker slate could materially shift this read
22:05 UTC
Downtrend, selling slowing into late NY · RSI 25 · price 51.657
Lower highs and lower lows since the 53.17 London high.
Wednesday's Asia-London rally to 53.17 has been almost fully unwound during NY hours as the USD extended its post-CPI gains. A steady chain of lower highs has carried price to a 51.63 session low below both EMAs, with RSI(14) oversold at 25 and ATR compressing to 103 pips as the selling slows. The 51.43 asian base that launched the rally sits just below.
Support: 51.63, 51.43
Resistance: 51.871, 52.18
What it said to watch
M15 close above the ema20 at 51.871 and the 51.90 lower high breaks the lower-high sequence
Failure to hold the 51.43 asian base retraces the entire rally and exposes Tuesday's ~51.23 low
Prior shelf at 52.18 lines up with the 38.2% retrace of the 53.17 decline; that is the upper reference on any bounce
Thu 13:30 GMT US Jobless Claims and the Fed-speaker slate could materially shift this read
21:46 UTC
Downtrend, oversold into late NY · RSI 26 · price 51.662
Lower-high chain off 53.17, pressing session low.
The Asia rally from the 51.43 Asia low to 53.17 has been fully unwound. London and NY carved a lower-highs chain, with price now pressing the 51.65 session low below a falling ema20 (51.894) as USD holds yearly highs after the hot CPI. RSI(14) at 25.9 is oversold and ATR has compressed from 159 to 107 pips as the late-NY grind slows.
Support: 51.65, 51.43, 51.23
Resistance: 51.894, 52.153
What it said to watch
A break of the lower-highs trendline near 51.72 while the 51.65 session low holds would mark the first stall in the slide
Failure to hold 51.65 exposes the 51.43 Asia low, then the 51.23 Tuesday low
Closes back above the ema20 at 51.894 and the ema50 at 52.153 would unwind the downtrend read
Thu 13:30 UTC Jobless Claims and the Fed-speaker slate could materially shift this read
21:31 UTC
Downtrend, oversold into the daily close · RSI 25 · price 51.675
Lower highs and lower lows since the 53.17 London high; Asia rally fully unwound.
Silver has retraced nearly all of the Asia-session surge from the 51.43 Asian low to the 53.17 London high. Lower highs ran through London and NY as USD pressed its post-CPI yearly highs, with price below a falling ema20 and ema50. It now sits at the 51.66 session low after the NY close, RSI(14) oversold at 24.9 and ATR compressing to 111 pips from 160.
Support: 51.659, 51.43, 51.23
Resistance: 51.916, 52.173
What it said to watch
15m close below the 51.659 session low extends the lower-low chain toward the 51.43 asian low, with Tuesday's 51.23 low below that
Recovery above the ema20 at 51.916 and the falling lower-high trendline breaks the intraday sequence; the ema50 at 52.173 sits above that
Thin liquidity around the daily rollover can distort the session low
Thu 13:30 GMT US Jobless Claims and the Fed-speaker slate could materially shift this read
Lower highs and lower lows since the 53.17 London high.
Silver has unwound the Asia-to-London rally from the 51.43 asia low to 53.17. It slid through NY in a descending trendline of lower highs to a 51.659 session low as USD extended its post-CPI gains. Price sits below the ema20 and ema50, and RSI(14) at 27.1 is oversold, with ATR easing to 114 pips in the late-NY drift.
Support: 51.659, 51.43, 51.23
Resistance: 51.896, 51.943, 52.193
What it said to watch
M15 close above the 51.896 lower high and the ema20 at 51.943 breaks the descending trendline sequence
Ema50 at 52.193 caps any rebound; it also sits at the 38.2% of the NY selloff fib
Failure to hold the 51.659 session low exposes the 51.43 asia low, then Tuesday's 51.23 tue low
Thu 13:30 GMT Jobless Claims and the Fed-speaker slate could materially shift this read
21:04 UTC
Downtrend, oversold into late NY · RSI 25 · price 51.686
Lower highs, lower lows since London; Asian spike fully unwound.
Silver has given back the whole Asian-session spike from 51.53 to 53.17. It has ground lower through London and NY on a chain of lower highs as USD extended its post-CPI gains, and now trades below both EMAs with RSI(14) oversold at 24.9. Late NY trade is probing the 51.66 session low, with the 51.43 Asian low the next reference below and ATR(14) compressing to 116.7 pips from 166.
Support: 51.659, 51.43, 51.23
Resistance: 51.896, 51.965, 52.182
What it said to watch
M15 close above the 51.90 lower high and the ema20 at 51.965 breaks the lower-high chain
A move back through the 52.18 swing high negates the descending trendline read
Failure to hold the 51.43 Asian low exposes Tuesday's low near 51.23
Thu 13:30 GMT Jobless Claims and the Fed-speaker slate could materially shift this read
Lower highs from 53.17; coiling 51.72–51.90 late NY.
After rejection near 53.00, the selloff from the 53.17 London high ran through NY and erased the whole Asia rally as USD pressed fresh yearly highs. Price is now coiling between the 51.72 swing low and the 51.90 bounce high late in NY. RSI(14) sits at 28.8, oversold, and ATR has compressed to 116 pips with price below a falling ema20 at 51.99.
Support: 51.721, 51.43
Resistance: 51.896, 51.993, 52.182
What it said to watch
M15 close below the 51.72 swing low extends the lower-low sequence toward the 51.43 asia base
Recovery above the 51.90 bounce high and ema20 at 51.99 would challenge the downtrend; 52.18 lower high is the next cap
Thu 13:30 GMT US Jobless Claims and a heavy Fed-speaker slate could shift this read; Fri Core PPI is the bigger catalyst
Lower highs and lower lows through NY; overnight rally ~79% retraced.
Late NY: silver has unwound the Asia/London rally from the 53.173 high as USD extended its post-CPI gains. Price sits at the 78.6% level of the rally fib near 51.80, below both falling EMAs, with RSI(14) oversold at 29.2. Each bounce has stalled at a lower high (last at 51.896), the session low at 51.721 is the nearest floor, and ATR has compressed to 120.9 pips from about 173.
Support: 51.721, 51.43, 51.23
Resistance: 51.896, 52.012
What it said to watch
M15 close above the 51.896 lower high and the descending trendline breaks the lower-high chain; ema20 at 52.01 is next overhead
Failure to hold the 51.721 session low exposes the 51.43 rally base, then Tuesday low at 51.23
Thu 13:30 GMT Jobless Claims plus the Fed-speaker slate, then Fri Core PPI, could materially shift this read
20:04 UTC
Downtrend, oversold and decelerating · RSI 29 · price 51.775
Lower highs under a descending trendline through NY, pressing the session low.
Silver has given back the whole Asia-session breakout and the 53.17 London high. It ground lower through NY under a descending trendline, with lower highs at the 52.18 swing high and 51.90, as the firm post-CPI USD capped bounces below the ema20 at 52.057. RSI(14) at 29.2 is oversold and ATR(14) has compressed to 125 pips from 170 as price stalls near the 51.72 session low after London close.
Support: 51.721, 51.43
Resistance: 51.896, 52.057, 52.182
What it said to watch
M15 close above the descending trendline and the 51.90 lower high breaks the NY lower-high sequence
Failure to hold the 51.72 session low exposes the 51.43 Asian base where the overnight breakout began
Reclaim of the ema20 at 52.057 and the 52.18 swing high would neutralise the downtrend read
Thu 13:30 UTC US jobless claims (f/c 195K) and the Fed speaker run could materially shift this read
19:46 UTC
Downtrend, oversold late in NY · RSI 29 · price 51.851
Lower highs and lower lows since the London-session top at 53.17.
Silver has fully unwound the Asia-session surge to 53.17, sliding through London and NY in a chain of lower highs as the USD pressed to fresh yearly highs. Price sits just above the 51.72 session low, below a falling ema20 (52.08) and ema50 (52.31), with RSI(14) oversold at 29.3. A descending trendline from 52.38 has capped every bounce, while ATR compresses to 130 pips into the late NY session.
Support: 51.721, 51.43, 51.268
Resistance: 51.896, 52.082, 52.182
What it said to watch
M15 close above the descending trendline and the 51.90 lower high breaks the lower-high chain
Failure to hold the 51.72 session low exposes the 51.43 asian base, then the 51.27 prior low (digest's $51.25 area)
Reclaim of the ema20 at 52.08 and the 52.18 swing high needed to neutralise the downtrend; the 38.2% selloff fib sits near 52.28 alongside the ema50
Thu 13:30 GMT US jobless claims (f/c 195K) and the Fed speaker cluster could materially shift this read
Lower highs and lower lows since 53.17 rejection; full retracement of Asia-London rally.
The Asia-London rally to 53.17 met rejection above the $53.00 cap. Since then NY has posted a near-full retracement in a lower-high chain, leaving price under the ema20 (52.11) and ema50 (52.33), with RSI(14) at 30.6 after a dip to 26.9. The late-NY bar is bouncing off the 51.72 session low, just above the 51.43 asian base and the 51.26 prior low, while ATR(14) compresses to 133.5 pips.
Support: 51.721, 51.43, 51.259
Resistance: 52.109, 52.182, 52.326
What it said to watch
Failure to hold the 51.72 session low exposes the 51.43 asian base and 51.26 prior low
M15 close above the 52.18 lower high breaks the lower-high chain and puts ema50 at 52.33 in play
Ema20 at 52.11 is the first area to watch for rejection or break on any bounce
US jobless claims Thu 13:30 GMT is the next scheduled catalyst; hawkish Fed repricing has driven the reversal
19:16 UTC
Downtrend, oversold into late NY · RSI 27 · price 51.795
Lower highs and lower lows from 53.17, Asia rally fully unwound.
Silver's Asia-session surge from the 51.43 Asian base to 53.17 stalled under the $53.00 area through London. Selling then ran from late London through NY on a firm, yield-driven USD, building a falling trendline of lower highs (52.86, 52.38, 52.18) and taking out the 52.00 round number. Price sits at a fresh session low of 51.78 below the ema20 at 52.135, with RSI(14) oversold at 26.9 and ATR easing from 173 to 131 pips as the slide matures.
Support: 51.782, 51.43, 51.25
Resistance: 52.00, 52.135, 52.384
What it said to watch
M15 close back above the falling trendline and the 52.00 round number would break the lower-high chain
Reclaiming the ema20 at 52.135 and then the 52.384 lower high would neutralise the downtrend read
Failure to hold the 51.78 session low exposes the 51.43 Asian base, then the 51.25 cpi low
US Initial Jobless Claims Thu 13:30 GMT (f/c 195K) and the Fed-speaker slate could materially shift this read
Lower highs and lower lows through London and NY; Asia-session rally fully retraced.
Late NY session has unwound the Asia-session spike from the 51.64 asia base to the 53.17 high. A steady lower-high chain pushed price below the ema20 and ema50 to a fresh session low at 51.83 as the USD extended post-CPI gains. RSI(14) at 28.6 is oversold and ATR has compressed to 134.5 pips, with the asia base and the 51.43 asia low the next reference points below.
Support: 51.829, 51.637, 51.43
Resistance: 52.024, 52.169, 52.384
What it said to watch
An M15 close above the 52.02 lower high breaks the descending trendline and the lower-high chain
Reclaiming the ema20 at 52.17 and the 52.38 swing high would neutralise the NY downtrend read
Failure to hold the 51.83 session low exposes the 51.64 asia base, then the 51.43 asia low
US Initial Jobless Claims Thu 13:30 GMT and the Fed-speaker slate could materially shift this read
Lower highs and lower lows since the 53.17 Asia-London high.
Silver has fully unwound the overnight spike to 53.17. Lower highs formed through London and NY as the post-CPI dollar and yield bid reasserted, and price now sits at the 51.88 session low, below both EMAs, with RSI(14) oversold at 29.9. The 52.00 psych level and the 52.18 lower high cap rebounds under the lower-high line. The 38.2% of the decline fib lines up with ema50 near 52.39, while ATR compression from 173 to 140 pips shows the decline losing pace.
Support: 51.878, 51.62, 51.43
Resistance: 52.00, 52.18, 52.387
What it said to watch
A break below the 51.88 session low extends the lower-low chain toward the asian base near 51.62
A close back above the 52.18 lower high and the lower-high line breaks the NY downtrend structure
Reclaiming the decline fib 38.2% and ema50 near 52.39 would neutralise the intraday sell-off read
The asia low at 51.43 sits just above the 51.25–51.40 zone flagged in the macro digest
US Jobless Claims Thu 13:30 GMT and the Fed-speaker slate could materially shift this read
Lower highs and lower lows since London rejection at 53.17.
The Asia-hours spike from 51.53 ran to a 53.17 London high, but the 53.00 area capped it. NY has since unwound the move as USD extends its post-CPI rally, leaving a swing high at 52.38 and a lower high at 52.18, with price below both EMAs. Late in the NY session price is pressing the 51.90 session low, with RSI(14) at 30.7, just above oversold, and ATR(14) easing from 173 to 144 pips.
Support: 51.904, 51.43
Resistance: 52.182, 52.231, 52.384
What it said to watch
M15 close above the 52.18 lower high and the ema20 at 52.23 breaks the lower-high chain; the 52.38 swing high is next
Failure to hold the 51.90 session low extends the lower-low sequence toward the 51.43 asia base
RSI(14) dropping below 30 would put the move in oversold territory
US Initial Jobless Claims Thu 13:30 GMT and the Fed-speaker slate could materially shift this read
Lower-high/lower-low chain since London; fresh session low at 51.90.
Silver has given back all of the Asia spike and the London high at 53.17. A NY-session lower-high sequence has pushed price to a fresh session low at 51.90, under a falling ema20 and ema50, while the dollar holds yearly highs after the hot CPI. RSI(14) at 32.5 is soft but not oversold. ATR(14) at 148 pips shows wide intraday swings.
Support: 51.904, 51.45
Resistance: 52.182, 52.262, 52.425
What it said to watch
Break of the 51.90 session low extends the lower-low chain toward the 51.45 spike base left by the Asia session rally
M15 close above the 52.18 lower high and the ema20 at 52.26 breaks the lower-high sequence; ema50 at 52.43 sits above that
Thu 13:30 GMT jobless claims and the Fed-speaker slate could materially shift this USD-driven read
18:04 UTC
Downtrend, late NY session · RSI 32 · price 51.948
Lower highs since the London rejection near 53.15, Asia rally mostly unwound.
London capped silver at 53.17/53.15, just above $53.00. NY has since printed a chain of descending highs below a falling ema20 (52.29) and ema50 (52.44) as the hot-CPI dollar bid reasserts. Price is now through the 61.8% of the Asia rally fib and pressing the 51.91 session low, with RSI(14) at 32, near oversold but not in it.
Support: 51.913, 51.43
Resistance: 52.182, 52.29, 52.384
What it said to watch
An M15 close above the 52.18 lower high breaks the descending highs; reclaiming the 52.38 range top would neutralise the NY selloff
Failure to hold the 51.91 session low exposes the 51.43 asia low, the base of the Asia rally
ATR(14) at about 150 pips is easing from 173, so moves are contracting into the late NY session
US Initial Jobless Claims Thu 13:30 GMT and the Fed speaker slate could shift this read
Asian rally capped at 53.17 double top, then a stepped selloff through London and NY to 51.98.
Silver's Asian-session rally from the 51.43 base stalled twice at 53.15–53.17 during London. The selloff since has cut through the 52.38 range top early in NY and printed a fresh session low at 51.98, with the bounce capped at a 52.18 lower high. Price sits below the ema20 (52.32) and ema50 (52.46) with RSI(14) at 34, as the hot-CPI USD bid reasserts mid-NY session.
Support: 51.98, 51.43
Resistance: 52.182, 52.322, 52.384
What it said to watch
Recovery above the 52.18 lower high and the ema20 at 52.32 would break the intraday lower-high chain
A close back above the 52.38 range top would put the 38.2% selloff fib near 52.44 in play
Failure to hold the 51.98 session low exposes the 51.43 asia base that launched the rally
Fed-speaker slate and US jobless claims Thursday could shift the USD-driven read
Lower highs and lower lows from 53.17, bounce off 51.98 session low.
Silver has given back most of the Asia-session rally. A steady lower-high chain from the 53.17 London high ran through NY hours to a 51.98 session low as the post-CPI dollar bid reasserted, and EMA20 crossed below EMA50 at 15:15 UTC. Price sits under ema20 at 52.35 with RSI(14) lifting off 30.8 and ATR easing from 173 to 154 pips, so the late-NY bounce lacks follow-through so far.
Support: 51.98, 51.64
Resistance: 52.35, 52.478, 52.717
What it said to watch
M15 close above the ema20 (52.35) and the 52.38 lower high breaks the lower-high sequence
Failure at 51.98 session low extends the lower-low chain toward the 51.64 rally base
A move back through ema50 at 52.48 toward the fib 61.8 at 52.72 would cancel the downtrend read
Thu 13:30 GMT jobless claims and the Fed-speaker slate could shift this read on any 50bp-hike signal
Lower highs from 53.17 London high; NY range floor broken late session.
Silver has given back most of the Asia-to-London rally. Supply capped price at the 53.17 London high, just above the 53.00 resistance flagged in the digest, while the USD stayed bid after the hot CPI. A lower-highs chain then carried price through NY. It broke the 52.18 NY range floor and printed a fresh session low at 51.98, with price below both EMAs and RSI(14) at 33.7, lifting off 30.8.
Support: 51.98, 51.533
Resistance: 52.18, 52.371, 52.492
What it said to watch
Failure to hold the 51.98 session low extends the lower-low sequence toward the 51.53 Asia base
M15 close back above the 52.18 broken floor negates the range-break read; ema20 at 52.371 is next overhead
Reclaiming ema50 at 52.492 and the 50% fib of the London-NY drop near 52.58 would break the lower-highs chain
Thu US Initial Jobless Claims (13:30 GMT) and the Fed speaker slate could reset the session structure
London high 53.17 rejected; NY sell-off broke the 52.18–52.38 shelf to a 51.98 session low.
Silver has handed back most of the overnight Asia rally. The 53.17 London high capped price, and a lower-high/lower-low chain through NY broke the 52.18–52.38 shelf to a 51.98 session low, with price below a falling ema20 (52.40) and ema50 (52.51) as the post-CPI dollar bid holds. RSI(14) at 30.8 sits just above oversold, and ATR runs about 159 pips per bar.
Support: 51.98, 51.637
Resistance: 52.14, 52.401, 52.508
What it said to watch
M15 close back above the 52.14 prior low, then the 52.40 ema20, would stall the lower-low chain; the 52.51 ema50 sits just above
A break of the 51.98 session low exposes the 51.64 asia base, where the overnight breakout launched
Thu 13:30 GMT jobless claims (f/c 195K) and Fedspeak into Williams at 23:30 GMT could shift this read
16:46 UTC
Intraday downtrend, below both EMAs · RSI 33 · price 52.108
Lower highs from 53.173 London-open high; fresh NY session low.
Silver has given back most of Wednesday's dip-buying rally. A lower-high chain off the 53.173 London-open high carried price through NY hours to a fresh session low at 52.064, just under the 52.084 pullback low that followed the Asia spike, as the post-CPI dollar bid reasserts. Price sits below both the ema20 and ema50; RSI(14) at 32.5 is soft but not oversold, and ATR is easing from 172.9 to 159.9 pips.
Support: 52.064, 51.951
Resistance: 52.384, 52.439, 52.527
What it said to watch
M15 close above the 52.384 lower high breaks the NY-session lower-high chain
Failure to hold the 52.064 session low exposes the 51.951 spike base where the Asia rally launched
Reclaim of the ema20 at 52.439 and the ema50 at 52.527, near the 38.2% fib of the decline (~52.49), would mark a deeper retracement
Thu 13:30 UTC jobless claims and the Fed-speaker slate, then Fri core PPI, could materially shift this read
16:31 UTC
Downtrend from London high, pressing NY range base · RSI 35 · price 52.156
Lower highs since 53.17 double top; 52.14–52.38 range since NY open.
Silver's overnight rally stalled at 53.17. London printed a double top with the 53.15 retest, and every bounce since has been a lower high as the USD stays firm near year highs after Tuesday's CPI beat. The NY-open slide to the 52.14 NY low has given way to a tight 52.14–52.38 range that price is now testing at its base, below a fresh bearish EMA20/EMA50 cross, with RSI(14) 34.7 and not yet oversold, and ATR(14) near 163 pips.
Support: 52.14, 52.084, 52.00
Resistance: 52.384, 52.474, 52.717
What it said to watch
M15 close below the 52.14 NY low extends the lower-high chain toward the 52.084 swing low and 52.00 psych
Recovery through the 52.384 range top and the ema20 at 52.474 would stall the downtrend read; the 52.717 lower high caps the lower-high line
A fib 50% retrace of the London-NY drop sits near 52.66 and would mark a deeper countermove
Fresh USD or yield moves into the London close and late NY hours, plus Thu jobless claims and Fedspeak, could materially shift this read
The Asia rally from 51.43 stalled at 53.17 early London. A lower high at 53.15 kept the $53.00 cap intact, and NY extended the fade to the 52.14 ny low, near the 61.8% of the Asia rally fib, as the USD stayed bid after the hot CPI. Price now coils between 52.14 and the 52.38 range top, below both EMAs, with ema20 crossed under ema50, RSI(14) at 36.7 and ATR(14) at 166 pips.
Support: 52.14, 51.95
Resistance: 52.38, 52.505, 52.69
What it said to watch
M15 close above the 52.38 range top exposes ema20 at 52.505 and the lower highs trendline
Failure to hold the 52.14 ny low clears the 61.8% fib and puts the 51.95 rally base in view
Recovery of the 52.69 broken low needed to negate the London-NY lower-high sequence
US jobless claims Thu 13:30 GMT and the Fedspeak slate are the next USD catalysts for this read
Silver has given back half of the Asia-to-London rally off 53.17. Lower highs through London led into a NY-hours drop to a 52.14 low at the 50% fib of the 51.12–53.17 move, with the bid USD after the hot CPI weighing. Bounces are capped at 52.38, price sits below both EMAs after EMA20 crossed under EMA50, RSI(14) is at 38 and ATR has widened to about 173 pips.
Support: 52.14, 52.08
Resistance: 52.38, 52.56, 52.72
What it said to watch
Close below the 52.14 ny low exposes the 52.08 asia pivot and the 61.8% fib near 51.90
Recovery through the 52.38 bounce cap and ema20 at 52.56 would break the lower-highs trendline sequence
Reclaim of the 52.72 swing high negates the London-NY lower-high structure
Thu 13:30 GMT US Initial Claims and Fed speakers could materially shift this read
Lower highs and lower lows from 53.17 double top, NY extending lows.
The overnight rally from 51.43 stalled in a double top at 53.15–53.17 just above the $53 pivot. London and NY have since unwound it in a lower-high chain to a 52.14 NY low, close to the 61.8% fib of that move, as the USD stays bid after the hot CPI. Price is below ema20 (52.588), which has just crossed under EMA50 (52.596); RSI 34 is not yet oversold and ATR 171 pips is expanding.
Support: 52.14, 52.084, 51.951
Resistance: 52.372, 52.588, 52.893
What it said to watch
M15 close below the 52.14 ny low and 52.08 swing low clears the 61.8% fib and exposes the 51.95 breakout base
Recovery through the 52.37 bounce high and the ema20 at 52.59 would break the lower-high chain, with 52.89 the next lower high
Thu 13:30 UTC Jobless Claims (f/c 195K) and the Fed-speaker slate could shift the USD and this read
15:16 UTC
Downtrend from London high, ATR expanding · RSI 38 · price 52.299
Lower highs and lower lows since 10:00 UTC, NY low at 52.14.
Silver's Asia-session rally ran out at 53.17 and the 53.15 retest, a double top under the $53 pivot, and the NY session extended the lower-low chain to the 52.14 NY low as the USD stayed bid. Price sits below the ema20 (52.63) and ema50 (52.61), with RSI(14) at 38.3 and ATR widening from 134 to 170 pips, so expect bigger bars.
Support: 52.14, 52.084
Resistance: 52.44, 52.628, 52.717
What it said to watch
A M15 close below the 52.14 NY low exposes the 52.08 Asia low
A reclaim of the 52.44 breakdown level and the descending trendline would stall the lower-low chain
A close above the ema20 at 52.63 and the 52.72 lower high negates the downtrend read
Thu 13:30 GMT US Initial Claims (f/c 195K) and the Fed-speaker slate could materially shift this read
Lower highs and lower lows since the London range broke.
The Asian session's dip-buying rally after the hot CPI stalled at the 53.17 session high under the $53 cap. London and the NY open have since built a lower-high chain, with the latest lower high at 52.55. The NY open slide printed a 52.14 NY low just above the 52.08 asia pivot, with price below a falling ema20 at 52.655, RSI(14) at 32.5 short of oversold and ATR(14) expanding to 167.7 pips.
Support: 52.14, 52.08, 51.95
Resistance: 52.55, 52.655, 53.17
What it said to watch
M15 close below the 52.08 asia pivot exposes the 51.95 breakout base from the Asian rally
Recovery above the 52.55 lower high and the ema20 at 52.655 (also the 50% of the selloff fib) would break the lower-high sequence
Repeated holds at the 52.14 ny low would mark the first sign of the downtrend line flattening
Thu 13:30 GMT jobless claims and the Fed speaker slate could materially shift this read
Lower highs and lower lows from the 53.17 session high; new low at 52.14 in the first hour of NY.
The Asia-session break from 51.6 extended the post-CPI dip-buying to a 53.17 session high at London open, but supply capped price under 53.00–53.17 and the chain has turned to lower highs since late London. The first hour of NY broke to a 52.14 session low, with price now below both ema20 (52.698) and ema50 (52.637), RSI(14) at 32.5 and still above oversold, and ATR expanding to 173 pips.
Support: 52.14, 52.084, 51.951
Resistance: 52.553, 52.637, 52.698
What it said to watch
Close back above the 52.553 lower high and the 52.66 50% fib breaks the lower-high chain
Failure to hold the 52.14 session low exposes the 52.084 swing low, then the 51.951 asia break base
Recapture of ema50 at 52.637 and ema20 at 52.698 would neutralise the intraday downtrend read
Thursday's jobless claims and Fed speakers (Hammack 14:00 UTC first) are the next USD catalysts
14:31 UTC
Intraday downtrend, lower highs since late London · RSI 40 · price 52.458
London range break lower, LH/LL chain into NY open.
The Asian session rally from 51.43 to 53.17 has unwound since the 52.815 range floor broke late in London. The NY open extended the lower-high, lower-low sequence to a 52.432 session low, which sits on the 38.2% retracement of that rally. Price is below both EMAs, RSI(14) is at 39.6, and ATR is expanding to 158 pips as the post-CPI dip-buying fades below the $53.00 cap.
Support: 52.432, 52.30, 52.084
Resistance: 52.653, 52.717, 52.815
What it said to watch
A break of the 52.432 session low exposes the 50% fib at 52.30, near the Asian pullback swing.
Failure at the 52.30 50% fib opens the 61.8% fib at 52.084, the base of the Asian session breakout.
An M15 close back above the ema50 at 52.653 and the 52.717 lower high would break the lower-high chain.
Reclaiming the 52.815 range floor would turn the late-London break into a false break.
Thu 13:30 UTC jobless claims (f/c 195K) and the Fed speaker run could materially shift this read.
Lower highs and lower lows since London open, retracing the Asia rally.
Silver topped at 53.17 at London open and again at 53.15 mid-session, forming a double top. It has since printed a chain of lower highs and lower lows into early NY, giving back part of the Asia rally that recovered Tuesday's hot-CPI drop. Price sits below the ema50 (52.66) and ema20 (52.77), testing the 52.44 session low near the 38.2% fib of that rally, with RSI(14) at 38 and ATR widening to 163 pips.
Support: 52.439, 52.294, 52.084
Resistance: 52.659, 52.77, 52.861
What it said to watch
An M15 close back above the 52.77 ema20 and the lower-high line near 52.86 breaks the lower-high sequence
A failure to hold the 52.44 session low exposes the 52.30 asia pivot, which sits at the 50% fib
Below 52.30, the 52.08 swing low near the 61.8% fib is the next reference
Thu 13:30 GMT jobless claims (f/c 195K) and Fed speakers could materially shift this read
14:05 UTC
Intraday pullback, lower highs since London open · RSI 47 · price 52.587
Lower highs and lower lows off the 53.173 London high, testing the 38.2% fib.
Dip-buying after Tuesday's hot CPI drove an Asia-session rally from 51.43 that stalled at the 53.173 London high, just above the $53.00 pivot. Since then silver has printed lower highs and lower lows, with the NY session low at 52.516 sitting on the 38.2% fib of that rally. The last closed bar was below EMA20 (52.801) but above EMA50 (52.666), the forming bar is trading back under the ema50, RSI(14) is 46.6 and ATR(14) has expanded to 154.6 pips.
Support: 52.516, 52.294
Resistance: 52.666, 52.893, 53.173
What it said to watch
Break below the 52.516 session low opens the 50% fib and swing low at 52.294
M15 close above the lower-high trendline and 52.893 lower high invalidates the pullback structure
Holding back above the ema50 at 52.666 would show demand defending the 38.2% fib
Thu 13:30 GMT jobless claims and Fed speakers could reset the read; $53.00 pivot and 53.173 london high cap the Asia rally
London range broken lower, lower highs into NY open.
The Asia-session rally off 51.43 extended the post-CPI rebound to a 53.173 session high in early London. Price then lost the 52.814 London range floor late morning and has printed lower highs since. The first hour of NY tagged a 52.535 NY low near the 38.2% fib, with price below ema20 (52.81) and ema50 (52.664), RSI(14) at 38 and ATR expanding to 152.5 pips.
Support: 52.535, 52.294
Resistance: 52.664, 52.814, 53.173
What it said to watch
A close back above ema50 at 52.664 and the 52.814 range floor would break the lower-highs sequence
Failure to hold the 52.535 NY low exposes the 52.294 swing low, near the 50% fib of the Asia rally
Thu 13:30 UTC jobless claims and Fed speakers on a 50bp hike could materially shift this read
Asia rally capped at 53.173, London range 52.81–53.17 broken lower, now pressing ema50.
The Asian session squeeze off the 51.116 post-CPI low ran out at the 53.173 day high. Late London then slipped below the 52.81 range floor and set a session low at 52.634, with price now sitting between the ema20 at 52.837 and the ema50 at 52.669, near the 23.6% of the Asia rally fib. RSI(14) has eased to 45.5 from the mid-60s, the lower high at 52.893 is capping early NY, and ATR(14) of about 144 pips leaves the $53.00 pivot within one bar's range.
Support: 52.669, 52.634, 52.50
Resistance: 52.837, 52.893, 53.173
What it said to watch
M15 close below the 52.634 session low and the ema50 extends the lower-high sequence toward the 52.50 breakout base
Reclaiming the ema20 and the 52.893 lower high puts the 53.00 pivot and the 53.173 day high back in play
Thu 13:30 GMT jobless claims and the Fed speaker slate on 50bp-hike talk could materially shift this read
13:16 UTC
Short-term pullback after Asia rally · RSI 45 · price 52.758
Lower highs and lower lows since the London high.
The Asia rally off the post-CPI 51.12 low stalled in a double top at the 53.17 london high and 53.15. A string of lower highs followed, and the 52.82 neckline gave way into a 52.655 session low. Into the NY open, price sits between the falling ema20 (52.848) and the rising ema50 (52.666), with RSI at 44.9 and ATR near 141 pips.
Support: 52.666, 52.655, 52.51
Resistance: 52.848, 52.893, 53.173
What it said to watch
Close below the 52.655 session low and ema50 extends the lower-low chain toward the 52.51 asia shelf, near the 38.2% fib at 52.39
Close back above the 52.893 lower high breaks the descending sequence and reopens the 53.17 london high
No US data scheduled for the rest of today; Thu Jobless Claims and the heavy Fed-speak slate are the next catalysts
13:03 UTC
Post-CPI rebound stalling, lower highs since London open · RSI 50 · price 52.689
52.68–53.17 range with lower highs; NY pressing range low.
Silver recovered the post-CPI drop in Asia, as short-covering ran into rising yields, and reached a 53.17 session high at London open. London then built a 52.68–53.17 range with lower highs at 53.15, 53.03 and 52.89. The first NY bar is testing the session low at 52.68, which is also the 23.6% retracement of the CPI-low fib, with price below the ema20 but still above the ema50 at 52.66. RSI(14) is neutral at 50.
Support: 52.684, 52.664, 52.42
Resistance: 52.861, 53.033, 53.173
What it said to watch
M15 close below the 52.66 ema50 and the session low breaks the range, opening the 52.42 asia shelf near the 38.2% CPI-low fib at 52.39
Recovery above the 52.86 ema20 and the 53.03 lower high reopens the 53.17 session high
No US data today, so yields steer the move. Silver recoupling lower with rising yields would confirm the range-low break
ATR(14) at ~136 pips: a range-low break needs follow-through beyond 52.55 to count
12:46 UTC
Range after Asia rally, momentum neutral · RSI 47 · price 52.807
London range 52.69–53.17 below a flattening ema20.
Silver's Asia short-covering rally off the post-CPI 51.12 low stalled at the 53.17 session high. London has since ranged 52.69–53.17, with a second rejection near 53.15. Price is back below the ema20 at 52.864, while the 52.688 session low held just above the ema50 at 52.657; RSI(14) is neutral at 46.9.
Support: 52.688, 52.657
Resistance: 52.864, 53.00, 53.173
What it said to watch
M15 close below the 52.688 session low and the ema50 at 52.657 breaks the range floor and exposes the 38.2% retracement of the Asia rally near 52.51
Reclaim of the ema20 and a hold above the 53.00 round number brings the 53.17 session high back into play; ATR(14) ~139 pips sets typical bar size
No high-impact US data today; Thu jobless claims (f/c 195K) and heavy Fed-speak are the next scheduled risk to this range
London double top 53.15–53.17, neckline break then retest.
Asia short-covering lifted silver from 51.43 to 53.173, unwinding much of Tuesday's hot-CPI drop. London capped twice at 53.15–53.17 in a double top, and the 52.82 neckline gave way to a 52.688 swing low. Price is now retesting the break just under the ema20 at 52.874, with RSI(14) neutral at 51.8 after cooling from 72 and ATR(14) near 142 pips.
Support: 52.688, 52.652
Resistance: 52.874, 53.173
What it said to watch
M15 close back above the ema20 at 52.874 and 53.00 would negate the double top and reopen 53.15–53.17
Break below the 52.688 swing low and the ema50 at 52.652 exposes the asia rally fib 38.2% near 52.51
No high-impact US data today, so yields and NY open flows steer the move; Thu claims and Fed-speak are the next catalysts
52.82–53.15 range under the 53.173 session high, lower highs, range floor swept.
After the hot-CPI slide to 51.12, silver squeezed from 51.43 in the Asia session to a 53.173 session high at the London open, then settled into a 52.82–53.15 range with lower highs as RSI(14) cooled from 80 to 48.9. The late-London dip to a 52.688 session low swept the range floor and was bought back to 52.81. Price sits under the ema20 at 52.875 but above the ema50 at 52.644, with ATR at 140 pips.
Support: 52.688, 52.644, 52.507
Resistance: 52.875, 53.152, 53.173
What it said to watch
M15 close back above the 52.82 range floor turns the dip to the 52.688 session low into a false break
Failure to hold the 52.688 session low and the ema50 at 52.644 exposes the 38.2% fib of the Asia rally near 52.51
Close above the 53.152 range top and 53.173 session high breaks the lower-highs line and opens the $53.70–53.75 resistance
Today carries no high-impact US data, so the NY open is the next test. Thu 13:30 UTC jobless claims and Fedspeak on hike size could shift this read
12:03 UTC
Rally stalled, rolling over intraday · RSI 42 · price 52.747
London range 52.82–53.17 broken lower, lower highs since session high.
Silver's Asia short-covering rally off the post-CPI low at 51.116 topped at the 53.173 session high. London then held a 52.82–53.17 range under lower highs, with rejection near 53.15 twice. Late London broke the range floor to a 52.688 swing low: price is below the ema20 (52.882) but above the ema50 (52.637), RSI(14) 42.2 and ATR near 141 pips.
Support: 52.688, 52.637, 52.50
Resistance: 52.816, 52.882, 53.173
What it said to watch
M15 close back above the 52.816 range floor would turn the break into a false break
Failure to hold the 52.688 swing low and ema50 at 52.637 opens the 52.50 asia shelf, near the 38.2% rally fib at 52.39
A reclaim of the ema20 at 52.882 and the lower highs line puts the 53.173 session high back in play
No scheduled USD data in the next 8h; Thu jobless claims and heavy Fedspeak are the next event risk
London range 52.82–53.17 with lower highs, price at range floor.
Silver rallied from the 51.43 Asian low to a 53.173 session high around London open, recovering most of the post-CPI drop on short-covering despite a firm USD. London has since ranged 52.82–53.17 with a chain of lower highs. RSI(14) has cooled from 80 to 49, and the last close sits under the ema20 at 52.902 while pressing the london low.
Support: 52.816, 52.635, 52.507
Resistance: 52.902, 53.033, 53.173
What it said to watch
M15 close below the 52.816 london low breaks the range and puts the ema50 at 52.635 in view
Failure to hold the ema50 exposes the fib 38.2 retracement near 52.507 of the Asia-London rally
Reclaim of the ema20 and a close above the 53.033 lower high resets the range read toward the 53.173 session high
US Initial Jobless Claims and heavy Fedspeak Thu 13:30 GMT could materially shift this read
11:31 UTC
Uptrend, pausing in consolidation · RSI 59 · price 52.968
Asia squeeze off 51.43, London ranging 52.82–53.17.
Silver unwound Tuesday's CPI-driven slide to 51.12, squeezing through the Asia session to a 53.17 session high around London open as shorts covered despite firmer yields. London has since compressed into a 52.82–53.17 range, pivoting on the 53.00 round number, with RSI(14) cooled from 80 to 58.6 and price holding just above the ema20 at 52.91 while the ema50 at 52.63 keeps rising.
Support: 52.91, 52.816, 52.627
Resistance: 53.00, 53.173
What it said to watch
M15 close below the 52.82 london low breaks the range floor and exposes the ema50 at 52.63, then the 38.2% retracement of the Asia rally near 52.51
Close above the 53.17 session high resumes the squeeze from the Asia rally
Repeated closes either side of the 53.00 round number keep the consolidation read intact
No high-impact US data today; Thu jobless claims and heavy Fedspeak are the next catalyst for the 25 vs 50bp debate
11:16 UTC
Uptrend paused, sideways under session high · RSI 58 · price 52.951
Tight range 52.816–53.173 since late Asia, lower high at 53.152.
Silver ran from the 51.43 Asia low to a 53.173 session high early in London, shrugging off the hot US CPI. It has since ranged between the 52.816 swing low and the 53.00 round number, with a lower high at 53.152 marking rejection under the top. RSI(14) has cooled from 80 to 57.8 while price holds just above the flattening ema20 at 52.904, and the ema50 at 52.613 is rising beneath; the move sits shallow within the asia rally fib.
Support: 52.904, 52.816, 52.613
Resistance: 53.00, 53.152, 53.173
What it said to watch
M15 close above the 53.173 session high breaks the range and brings the $53.70–53.75 resistance zone into view
Failure to hold the 52.816 swing low breaks the range floor and exposes the ema50 near 52.613
Repeated closes below the ema20 at 52.904 would signal the consolidation tilting lower
No high-impact US data today; Thu 13:30 GMT Jobless Claims and heavy Fed-speak are the next catalysts for the 25 vs 50bp hike debate
11:04 UTC
Uptrend, momentum cooled into a range · RSI 56 · price 52.87
London range 52.82–53.17 with lower highs under the session high.
Silver has retraced most of Tuesday's hot-CPI drop to 51.116, with an Asia-session squeeze carrying it to a 53.173 session high early in London. It has since rotated inside a 52.82–53.17 London range, posting a lower high at 53.152. RSI(14) has cooled from 80.1 to 55.8 and price is pinned just above a flattening ema20 at 52.899.
Support: 52.899, 52.816, 52.50
Resistance: 53.152, 53.173
What it said to watch
M15 close below the 52.816 london low breaks the range floor and exposes the 52.50 asia top, the ceiling of the overnight consolidation
Close above the 53.173 session high and the 53.152 lower high would resume the post-CPI rally toward the 53.70–53.75 resistance flagged in the digest
No US data today; Thursday jobless claims and the Fedspeak that follows are the next catalysts for the 25 vs 50bp hike debate
Short-covering through the Asia session reversed Tuesday's post-CPI slide from 51.12 and lifted silver back through the 53.00 round number despite firmer US yields. London has since compressed into a 52.82–53.17 range, with the session high capping twice and RSI(14) cooling from 80 to 56. Price sits just above the ema20 at 52.898.
Support: 52.898, 52.816, 52.586
Resistance: 53.00, 53.173
What it said to watch
M15 close below the 52.816 london low breaks the range floor and exposes the 38.2% fib of the Asia rally near 52.76, then the ema50 at 52.586
M15 close above the 53.173 session high ends the consolidation read
Repeated failure to hold the 53.00 round number keeps price inside the London range
No US data today; Thursday's jobless claims and Fed-speak are the next scheduled risk
10:31 UTC
Uptrend, momentum cooling · RSI 63 · price 53.012
Post-rally consolidation under London session high, higher lows intact.
Silver recovered the post-CPI drop from the 51.12 low with a sharp Asia session leg through the 52.486 asia spike high, but London has stalled in a 52.82–53.17 range, with a second rejection just under the 53.173 session high at 53.152. RSI(14) has cooled from 80 to 62.8 while price holds above the rising ema20 at 52.895, and higher lows remain intact from the 52.08 Asia pullback.
Support: 52.895, 52.816, 52.486
Resistance: 53.173, 53.75
What it said to watch
M15 close above 53.173 session high breaks the London range and brings the 53.75 1.5wk top into view
Loss of the 52.816 range low and the ema20 breaks the higher lows chain, with the 52.486 asia spike level next
ATR 140.6 pips, about 0.14 per bar; a quiet US calendar today leaves Thu jobless claims and Fed-speak as the next scheduled risk
10:16 UTC
Uptrend, momentum cooling · RSI 62 · price 52.97
Asia breakout, then London range 52.82–53.17 under resistance.
Silver recovered from the post-CPI low at 51.12 in an Asia session rally from 51.43 that ran to a 53.17 session high early in London, helped by short-covering despite firmer yields. Since then it has held a 52.82–53.17 London range with higher lows on a rising support line. This bar saw a rejection at 53.15 below the session high, RSI(14) has cooled from 80 to 62, and price sits just above a rising ema20 at 52.88.
Support: 52.882, 52.816, 52.51
Resistance: 53.173, 53.75
What it said to watch
M15 close above the 53.17 session high puts the 53.70–53.75 1.5wk top in play
Break of the 52.82 london low and the rising support line ends the higher-low chain and exposes the 38.2% fib of the Asia rally near 52.51
No high-impact US data today; Thu jobless claims and heavy Fedspeak are the next scheduled risk
10:04 UTC
Uptrend, momentum cooling · RSI 63 · price 53.146
London range 52.82–53.17 above rising support.
Silver's Asia-session rally from the 51.12 post-CPI low has stalled into a London session range of 52.82–53.17. The rally is holding despite firmer yields, per the digest. RSI(14) has cooled to 62.8 from 80 and ATR is near 139 pips; price is pressing the 53.17 session high again, with dips holding the rising support line and the ema20 at 52.87.
Support: 52.869, 52.816, 52.486
Resistance: 53.173, 53.50
What it said to watch
M15 close above the 53.17 session high opens the 53.50 psych level, the base of the digest's 53.50–53.75 cap
Failure to hold the 52.82 swing low and the rising support line breaks the higher-low sequence and exposes the 52.49 spike high from 01:30 UTC
No US data today; Thu 13:30 UTC jobless claims and the Fedspeak slate are the next USD risk
Lower highs off session high, holding above ema20.
Silver retraced the post-CPI drop through Asia, climbing from 51.43 to a 53.173 session high around London open even as yields rose. Since then it has drifted in a shallow flag of lower highs, with RSI(14) cooling from 80 to 59.4. Price is holding above the ema20 at 52.854 and the 52.816 swing low.
Support: 52.854, 52.816, 52.516
Resistance: 53.054, 53.173, 53.50
What it said to watch
M15 close below the 52.816 swing low breaks the flag and exposes the ema50 near 52.516
Close above the 53.054 lower high, then the 53.173 session high, resumes the Asia rally toward the 53.50 cap band
No high-impact US data today. Thu jobless claims and Fed-speak are the next USD risk, with core PPI on Fri
London range 52.82–53.17 below the 53.00 pivot, holding above Asian breakout.
An Asian-session squeeze lifted XAG from the 51.116 post-CPI low to a 53.173 session high at London open. The 53.00 pivot is now capping, and price is rotating in a 52.82–53.17 London range, with RSI(14) cooled from 80 to 61. Price holds above the ema20 (52.846) and ema50 (52.499), and the 38.2% rebound fib sits near 52.39.
Support: 52.846, 52.816, 52.499
Resistance: 53.00, 53.173
What it said to watch
M15 close below the 52.816 London low breaks rising support and exposes the ema50 at 52.50
M15 close above the 53.173 session high clears the 53.00 pivot cap
Failure to hold the ema20 at 52.846 keeps price rotating in the London range
No high-impact US data today; Thu claims plus Fed-speak and Fri core PPI are the next catalysts
09:16 UTC
Uptrend from Asia, London pulling back · RSI 59 · price 52.839
HH/HL rally in Asia, London printing lower highs.
Asia session dip-buying after Tuesday's hot-CPI flush lifted silver from 51.43 to a 53.173 asian high. Price stalled just above the 53.00 pivot. Since London open the bars have carved lower highs below the 53.062 london high, and price is now pressing the 52.882 london low with ema20 at 52.834 just beneath. RSI(14) has cooled from 80 to 58.7, and ATR(14) is about 145 pips.
Support: 52.834, 52.882, 52.51
Resistance: 53.062, 53.173
What it said to watch
M15 close below the ema20 and 52.882 london low exposes the 52.51 asia shelf, which lines up with the 38.2% fib of the Asian rally
Close back above the 53.062 london high and 53.173 asian high resumes the Asian HH/HL chain
No high-impact US data today; Thu 13:30 GMT jobless claims and Fed-speak are the next catalysts
09:03 UTC
Uptrend, momentum cooling · RSI 67 · price 52.989
Higher lows since the Asian session; London high at 53.173, now consolidating 52.90–53.17 at the 53.00 pivot.
The rebound from the post-CPI low at 51.116 ran through Asia and early London to a 53.173 session high, then stalled around the 53.00 pivot. RSI(14) has cooled from 80.1 to 66.7 and ATR(14) has eased to 142.7 pips. Price is holding above the ema20 at 52.828, with the 52.899 swing low as the floor of the consolidation.
Support: 52.899, 52.828, 52.464
Resistance: 53.00, 53.173
What it said to watch
An M15 close above the 53.173 session high resumes the higher-high chain toward the 53.70 area
A break of the 52.899 swing low and the ema20 at 52.828 breaks the rising lows and exposes the ema50 at 52.464
No US data due today; Thursday's jobless claims and Fed-speak are the next scheduled risk
08:46 UTC
Uptrend, momentum cooling · RSI 67 · price 53.05
Higher lows since Asia; tight consolidation under the session high.
Asia dip-buying off 51.43 recovered much of the hot-CPI slide. Price extended to a 53.173 session high around London open as RSI(14) peaked at 80.1, and it has since cooled to 67.3. Silver is now holding the $53.00 area, with the 52.899 pullback low intact and a rising EMA20 at 52.807 underneath. ATR(14) is 143.5 pips.
Support: 52.899, 52.807, 52.507
Resistance: 53.173, 53.50
What it said to watch
M15 close above the 53.173 session high resumes the higher-high chain and opens the 53.50 round number
Close below the 52.899 pullback low and the ema20 at 52.807 breaks the Asia trendline support and exposes the 52.507 fib 38.2 of the Asia rally
Thu 13:30 GMT US jobless claims and the Fedspeak slate, then Fri PPI, could materially shift this read
08:31 UTC
Uptrend, momentum cooling · RSI 63 · price 52.95
Asia rally from 51.43 stalling, slipped back below 53.00 pivot early London.
Asian dip demand lifted silver from 51.43 after Tuesday's hot-CPI slump, but the rally was rejected at the 53.173 session high. Price is back under the 53.00 pivot in early London and is sitting on the 52.90 shelf. RSI(14) has cooled from 80 to 62.7, and price holds above a rising ema20 at 52.784 and the rising-lows trendline.
Support: 52.90, 52.784, 52.507
Resistance: 53.00, 53.173
What it said to watch
M15 close below the 52.90 shelf exposes ema20 at 52.784, then the fib 38.2 of the Asia rally near 52.51
Reclaim of the 53.00 pivot and a break of the 53.173 session high would resume the higher-high chain
A break of the rising-lows trendline would end the Asia uptrend read
Thu 13:30 GMT US jobless claims and the Fedspeak slate could materially shift this read
08:16 UTC
Uptrend from the Asian low, momentum cooling · RSI 67 · price 52.951
Post-CPI rebound; tight range 52.89–53.17 at the $53.00 pivot early in London session.
Asian dip-buying lifted silver from 51.43 to a 53.173 session high, retracing part of the hot-CPI slump. Since then it has ranged between 52.89 and 53.17 around the $53.00 psych pivot. RSI(14) has cooled from 80 to 66.5, and price is holding above the rising ema20 at 52.771.
Support: 52.894, 52.771, 52.507
Resistance: 53.00, 53.173
What it said to watch
M15 close below the 52.894 range low exposes the ema20 at 52.771, then the fib 38.2 near 52.507 and the rising trendline
Acceptance above the 53.173 session high clears the $53.00 psych cap and extends the Asian leg
ATR near 146 pips: range edges can be tested on a single bar
Thu Fedspeak and claims, then Fri PPI, could materially shift this read
The Asia rally from 51.43 fully retraced the hot-CPI flush and pushed through the $53.00 pivot to a 53.17 Asia high. London opens with price on a tight 52.95–53.17 shelf, RSI(14) cooled from 80 to 72 and ATR(14) compressing to 146 pips. Below sit the pullback low at 52.95, the ema20 at 52.75 and the 52.50 breakout base.
Support: 52.953, 52.752, 52.50
Resistance: 53.173, 53.75
What it said to watch
M15 close below the 52.95 pullback low exposes the ema20 at 52.75
Break of the rising Asia trendline from 52.08 puts the 52.50 breakout base back in play
Clearance of the 53.17 Asia high opens the 53.75 1.5wk high
Thu Jobless Claims and Fedspeak on 50bp hike odds could materially shift this read
HH/HL chain from Asia low; first pullback off the session high.
The Asia session retraced the post-CPI flush, rallying from 51.43 to a 53.173 session high above yesterday's 53.107 prior high, with RSI(14) peaking at 80.1. The last two bars showed rejection back to the $53.00 pivot ahead of London open, RSI cooling to 71.4 while still overbought. Higher lows hold along the rising trendline, with the 52.894 swing low and ema20 at 52.721 underneath.
Support: 52.894, 52.721, 52.486
Resistance: 53.107, 53.173, 53.75
What it said to watch
M15 close back above 53.107 prior high and 53.173 session high reopens the 53.75 1.5wk high flagged in the digest
Failure to hold the 52.894 swing low breaks the HH/HL chain and exposes ema20 at 52.721
Break of the rising trendline puts the 52.486 asia spike and the 38.2% asia rally fib near 52.51 in play
ATR(14) at 148 pips: expect wide intraday swings into London open
No USD data in the next 8h; Thu Jobless Claims (f/c 195K) and Fed-speak are the next scheduled risk to this read
07:31 UTC
Uptrend, RSI stretched · RSI 80 · price 53.033
Higher-high/higher-low chain off the 51.116 CPI low, testing the 53.00 pivot.
Asia session dip-buying has retraced most of the hot-CPI flush. Higher lows built from 51.116, and price pushed through the 53.00 pivot to a session high at 53.173 ahead of London open. RSI(14) at 80.1 is stretched, and the forming bar is fading back toward 53.00, with the 52.894 range low and ema20 at 52.691 below.
Support: 53.00, 52.894, 52.691
Resistance: 53.173, 53.75
What it said to watch
An M15 close back below the 53.00 pivot would mark the push above it as a false break
Failure to hold the 52.894 range low breaks the higher-low chain toward ema20 at 52.691
A close above the 53.173 session high puts the 53.70–53.75 1.5wk high in view
London open liquidity and Fedspeak headlines on USD hike pricing could shift this read
Asian dip-buying took silver from 51.43 to a 53.098 session high, retracing the hot-CPI flush in a clean higher-high, higher-low chain above a rising hl trendline. Price now sits in a tight 52.89–53.10 range on the 53.00 pivot ahead of London open, with RSI(14) holding near 79 and ATR easing to 150 pips from about 180.
Support: 53.00, 52.894, 52.647
Resistance: 53.098, 53.206
What it said to watch
M15 close above the 53.206 prior high extends the Asia leg beyond yesterday's open
Loss of the 52.894 range low breaks the micro HH/HL chain and exposes ema20 at 52.647
RSI(14) pushing above 80 at a new session high, or failing to confirm it, marks an exhausted leg
Repeated failure to hold the 53.00 pivot keeps the rally corrective, in line with the digest read
US Initial Jobless Claims and the Thu Fedspeak slate (13:30 GMT onward) could reset this read
07:03 UTC
Uptrend, overbought and pausing at 53.00 · RSI 78 · price 53.035
Asian HH/HL chain off 52.084; tight range low 52.894 to session high 53.089.
Silver has retraced the hot-CPI flush to 51.116. Asian dip-buying carried price from 52.084 through the asian high near 52.55 to a 53.089 session high, with the asian trend rising beneath. Into the London open it is coiling in a 52.894 range low to 53.089 box at the 53.00 pivot. RSI(14) sits at 78, hot but below 80, and ATR is compressing to 153 pips with price well above the rising ema20 at 52.604.
Support: 52.894, 52.604, 52.552
Resistance: 53.089, 53.279
What it said to watch
M15 close above the 53.089 session high puts the 53.279 prior high in play
Loss of the 52.894 range low exposes ema20 at 52.604, near the 50% fib of the asian leg
A break of the asian trend line and the 52.55 asian high would undo the Asian HH/HL chain
Fed speakers and US Jobless Claims Thu 13:30 GMT, then PPI Fri 13:30 GMT, could materially shift this read
06:46 UTC
Uptrend, stalling at 53.00 · RSI 77 · price 53.014
Asian rally of ~1.66 off 51.43, now a tight 52.89–53.09 hold under the session high.
Asian dip-buying retraced the post-CPI flush from 51.43 to a 53.089 session high, with price above a rising ema20 at 52.56 and riding the rising trendline off the 52.084 pullback low. Into London open it is pinned in a narrow band between the 52.894 swing low and the 53.00 pivot. RSI(14) has eased to 76.9 from 79.2 without a break of structure.
Support: 52.894, 52.56, 52.084
Resistance: 53.089, 53.336
What it said to watch
M15 close above the 53.089 session high opens the path to the 53.336 prior high
Loss of the 52.894 swing low exposes the ema20 at 52.56 and the rising trendline; a break there puts the 52.084 pullback low and the rally's deeper fib levels in play
London open liquidity against an overbought RSI, with Thu Claims/Fedspeak and Fri PPI as the next USD catalysts
06:31 UTC
Uptrend, overbought into the 53.00 pivot · RSI 77 · price 52.967
Higher lows through Asia, stalling under the session high.
Asia dip-buying lifted silver from 51.43 to a session high at 53.089, retracing most of the hot-CPI flush. Price is now compressing between a micro low at 52.894 and the 53.00 pivot. Rising lows at 52.084 and 52.294 sit under price, with RSI(14) at 77.3, overbought, and price well above the ema20 at 52.517.
Support: 52.894, 52.517, 52.294
Resistance: 53.089, 53.377
What it said to watch
M15 close above the 53.089 session high puts the prior high at 53.377 in play
Break of the 52.894 micro low opens a pullback toward the ema20 at 52.517
Loss of the 52.294 swing low breaks the rising lows chain
London open liquidity could test the 53.00 pivot; Fed-speak and claims Thu are the next USD catalysts
06:17 UTC
Uptrend, stalling at pivot · RSI 77 · price 52.944
Asia breakout from 52.08–52.52 range, higher lows into 53.00.
The Asia session extended the post-CPI rebound from 51.43. Price broke out of the 52.08–52.52 range and tagged a 53.089 session high into the $53.00 pivot, the cap flagged since Tuesday's hot CPI. RSI(14) at 76.9 is overbought with a slightly lower peak than the 01:30 burst, and the last bars are stalling just under 53.00 ahead of London open.
Support: 52.896, 52.52, 52.469
Resistance: 53.00, 53.089, 53.446
What it said to watch
M15 close above the 53.089 session high opens the 53.446 prior high
Loss of the 52.896 micro low points to a pullback toward the range top at 52.52 and ema20 at 52.469
A break of the Asia trendline would end the higher-low chain since 51.43
London open liquidity tends to test the Asian range extremes; rejection at the 53.00 pivot keeps the cap intact
06:03 UTC
Uptrend, stretched into resistance · RSI 79 · price 52.919
Asia breakout above 52.08–52.55 range, higher lows.
The Asia session rebound off the post-CPI swing low at 51.12 broke the 52.08–52.55 range around 05:00 UTC and tagged a 53.09 session high, just over the $53.00 pivot that capped silver after the hot CPI print. RSI(14) at 79.2 is stretched, with price well clear of the ema20 at 52.42 ahead of London open.
Support: 52.55, 52.418, 52.084
Resistance: 53.089, 53.45
What it said to watch
Rejection back below $53.00 keeps the rebound corrective; the 38.2% of the rebound fib at ~52.34 sits just under the ema20
Failure to hold the 52.55 range top puts price back inside the Asian range
Close above the 53.09 session high opens the 53.45 prior high
A break of the rising lows trendline toward the 52.08 swing low unwinds the Asia breakout
US Jobless Claims and Fedspeak Thu 13:30 UTC, then PPI Fri 13:30 UTC, could materially shift this read
05:46 UTC
Uptrend, extended into resistance · RSI 79 · price 52.979
Asia-session HH/HL chain off 51.43, broke 52.55 range top.
Asia dip-buying has retraced most of Tuesday's hot-CPI slide to 51.12. Price climbed from 51.43 to tag the 53.00 pivot after breaking the 52.08–52.55 Asian consolidation, with RSI(14) at 78.6 and ATR near 162 pips. The rising trendline from the 52.084 swing low holds the HL chain, with the 53.45 prior high above.
Support: 52.55, 52.357, 52.084
Resistance: 53.00, 53.45
What it said to watch
Rejection at the 53.00 pivot with RSI(14) above 78 would mark exhaustion of the Asia rally
Close above 53.00 opens the 53.45 prior high from Tuesday's session
Failure to hold the 52.55 range top turns the breakout into a false break, with ema20 at 52.357 next
Break below the rising trendline and the 52.084 swing low ends the HL sequence
London open in ~90 min may set fresh session range off the 53.00 test
Higher highs and higher lows off the post-CPI low, now testing 53.00 psych.
Late Asia session has carried the rebound from the hot-CPI low at 51.12 through the 52.49 spike high, with price now at the 53.00 psych pivot that the digest flags as a repeated cap. RSI(14) at 76.4 is overbought but below 80. Higher lows are holding along the rising trendline, and ATR runs near 155 pips.
Support: 52.49, 52.295, 52.084
Resistance: 53.00, 53.45
What it said to watch
Rejection at the 53.00 psych pivot into London open would leave the rebound capped below the prior high at 53.45
A 15-minute close back below the 52.49 spike high turns the breakout into a false break
Loss of the ema20 at 52.295 and the rising trendline would expose the 52.08 swing low
US Initial Jobless Claims and the heavy Fed-speak slate on Thu can shift the rate-hike pricing behind this rebound
05:16 UTC
Uptrend, extending in late Asia · RSI 74 · price 52.709
Higher lows from 52.08; Asian high 52.51 broken.
Late in the Asia session, silver is extending the rally off the 51.12 post-CPI low. It has cleared the 52.51 Asian high and is pressing into the 52.70–52.90 prior shelf, where London traded yesterday before the slide on Waller's comments. Higher lows at 52.08 and 52.29 hold the rising trendline, with price above the rising ema20 at 52.24; RSI(14) is overbought at 73.9, off its 80.7 peak, and ATR sits at about 154 pips.
Support: 52.51, 52.294, 52.238
Resistance: 52.897, 53.00
What it said to watch
M15 close back below the 52.51 asian high would mark the breakout as a false break
Failure to hold the 52.29 higher low breaks the rising trendline and the HL chain; the 38.2% fib of the CPI-low rally sits near 52.11
Prior shelf at 52.90 and the 53.00 round number cap the rally per the digest; London open is the next test of either
05:02 UTC
Uptrend off Asia lows, momentum cooling · RSI 70 · price 52.517
Higher lows (52.08, 52.29) pressing a fresh session high late in Asia.
Asian dip-buying lifted silver from 51.43 to 52.49 in two bars, retracing part of Tuesday's hot-CPI flush. Since then a higher-low chain (pullback low 52.08, swing low 52.29) has held above the ema20 and is printing a marginal session high at 52.55 into the late-Asia hours. RSI(14) has eased to 69.6 from 80.7 and ATR has compressed to 149 pips, with the 52.64 prior high and the 53.00 psych pivot overhead.
Support: 52.294, 52.189, 52.084
Resistance: 52.552, 52.64, 53.00
What it said to watch
M15 close above the 52.64 prior high opens the 53.00 psych pivot, the level capping the bounce per the macro read
Failure to hold the 52.29 swing low breaks the higher-low chain and puts the ema20 at 52.19 in play
Loss of the 52.08 pullback low unwinds the Asia rally toward 52.00 and the ema50
London open in ~3h is likely to test the Asia session high and the trendline from the Asia lows
04:46 UTC
Intraday uptrend, recovering from the CPI flush · RSI 69 · price 52.508
Higher-low chain pressing the Asian session high.
Asia session dip-buying retraced part of the hot-CPI slide. A sharp impulse from 51.43 to 52.49 was followed by higher lows at the 52.084 swing low, 52.27 and the 52.294 higher low, and price is now testing the 52.52 session high. RSI(14) at 69.3 has cooled from 80.7 on the impulse. Price holds above the ema20 at 52.154, and ATR sits at 156 pips.
Support: 52.294, 52.154, 52.084
Resistance: 52.522, 52.64, 53.00
What it said to watch
M15 close above the 52.52 session high opens the path to the 52.64 prior high, then the 53.00 pivot, where the digest has repeated supply capping
A break of the 52.294 higher low and the rising trendline stalls the uptrend read, with the ema20 at 52.154 next
Failure to hold the 52.084 swing low breaks the higher-low chain and the base of the Asian rally fib
London open is the first test of the Asian session range; Jobless Claims and Fed speakers Thu 13:30 GMT carry rate-repricing risk
04:31 UTC
Uptrend off the CPI low, momentum cooling · RSI 65 · price 52.407
Post-spike consolidation below the Asian high, higher lows intact.
Asian dip-buying drove silver from 51.43 to 52.49 in two bars, clawing back part of the hot-CPI flush. The pullback held the 52.08 swing low at the 38.2% fib of that leg. Price has since built higher lows above the EMA20 (52.116) and EMA50 (51.958), capped by the 52.51 Asian high late in the Asia session, with RSI(14) cooling to 65 from 81 and ATR off its peak at 155 pips.
Support: 52.294, 52.084
Resistance: 52.51, 52.64, 53.00
What it said to watch
M15 close above the 52.51 asian high opens the 52.64 prior swing and the $53.00 pivot
Loss of the 52.29 micro low breaks the higher-lows trendline; below the 52.08 swing low the Asian bounce unwinds toward $52.00
London open in ~2.5h is the first test of the Asian range
US Jobless Claims and heavy Fedspeak Thu 13:30 UTC, then PPI Fri 13:30 UTC, could materially shift this read
Asia impulse, then higher-low consolidation below session high.
Asia session retraced part of Tuesday's hot-CPI flush with an impulse from 51.43 to 52.49, RSI(14) peaking at 80.7 and now cooling to 64.6. Price has since consolidated under the 52.51 session high. The 52.08 swing low held at the 38.2% retrace of the Asia rally fib and near ema20 (52.089), and higher lows followed; price is now testing the 52.30 micro low with ATR at 159 pips.
Support: 52.304, 52.084, 52.00
Resistance: 52.51, 53.00
What it said to watch
M15 close below the 52.08 swing low and ema20 breaks the higher lows and exposes the 52.00 round number
M15 close above the 52.51 session high opens the path to the 53.00 pivot that has capped bounces
London open is the first test of the Asian range between 51.43 and 52.51
US Initial Jobless Claims and heavy Fedspeak Thu 13:30 UTC, then PPI Fri 13:30 UTC, could materially shift this read
04:02 UTC
Intraday uptrend off the post-CPI low, momentum firm · RSI 69 · price 52.46
Asian session higher low at 52.084, price retesting the 52.486 Asia high.
An Asian session spike lifted silver from 51.43 to the 52.486 Asia high, retracing part of Tuesday's slide on the hot CPI print and Waller's comments. The pullback held a higher low at 52.084, the 38.2% retrace, and a minor low at 52.304. Price is back at the high with RSI(14) at 68.8, just under overbought, above a rising ema20 (52.062) and ema50 (51.925), and ATR is cooling from 179.5 to 158.8 pips.
Support: 52.304, 52.084, 51.925
Resistance: 52.486, 52.64
What it said to watch
M15 close above the 52.486 Asia high opens the 52.64 prior swing from Tuesday's London session
Loss of the 52.304 minor low and then the 52.084 higher low breaks the higher-low chain
A drop back below ema50 at 51.925 would return price to the pre-spike Asian range
Thursday's jobless claims (13:30 UTC) and Fed speakers could materially shift this read
Asia breakout from overnight base, consolidating 52.08–52.49.
Asia session broke the overnight 51.43–51.62 base with a sharp run to the 52.486 asia high, partly retracing Tuesday's Waller- and hot-CPI-driven slide to 51.116. The pullback held a higher low at 52.084, the 38.2% of the Asian leg, and price is consolidating above ema20 (52.023) and ema50 (51.905) with RSI(14) cooling from 80.7 to 66.4.
Support: 52.084, 52.023, 51.905
Resistance: 52.486, 52.763
What it said to watch
M15 close above the 52.486 asia high opens 52.763, the base of Tuesday's Waller breakdown
Loss of the 52.084 higher low exposes ema20 at 52.023, then ema50 at 51.905
ATR(14) at 162.8 pips is easing from 179.5; continued compression supports the consolidation read
USD-side Fed commentary remains the driver; hawkish remarks endorsing a bigger hike could unwind the Asian rebound
03:31 UTC
Rebound, momentum cooling · RSI 69 · price 52.325
Post-breakout range 52.08–52.49 below Asia high.
The Asia session broke out of the 51.43–51.62 range, with the range top giving way, and ran to an Asia high of 52.486, clawing back part of Tuesday's slide to 51.116 after the hot CPI print. The pullback held the 38.2% fib at 52.084 and price is now consolidating just under 52.49. RSI(14) has cooled from 80.7 to 69.1, ATR(14) is near 169 pips, and price sits above the ema20 at 51.991 with rising support from 51.43 intact.
Support: 52.084, 51.991, 51.62
Resistance: 52.486, 52.64
What it said to watch
M15 close above the 52.486 asia high opens the 52.64 prior high from before the Waller drop
Failure at 52.084 (38.2% fib) breaks rising support and exposes the ema20 at 51.991
A return below the 51.62 range top would mark the Asia breakout as failed
London open is the first test of whether the 52.08–52.49 consolidation resolves
03:16 UTC
Asia rebound after the post-CPI selloff, momentum hot · RSI 71 · price 52.432
Higher low at 52.08 after a range break; price pressing the session high.
Silver broke out of the tight 51.43–51.64 overnight range early in the Asia session and ran to a 52.486 session high. That retraced part of Tuesday's hot-CPI slide to 51.116. The pullback held the 52.08 swing low at the 38.2% fib of the Asia leg, and price is back testing the session high with RSI(14) at 71.1, above both EMAs and ATR expanded to ~174 pips.
Support: 52.084, 51.95, 51.43
Resistance: 52.486, 52.64
What it said to watch
M15 close above the 52.486 session high opens the 52.64 prior pivot from Tuesday's pre-CPI breakdown
Failure to hold the 52.08 swing low exposes the ema20 near 51.95 and puts the Asia rebound in doubt
A drop back toward the 51.43 asian low would unwind the range break
London open is the first liquidity test of the Asia high; no USD data due until Thu jobless claims
Asian range break, higher low at 52.084 below spike high.
The Asia session broke above the overnight 51.43–51.64 range with a near-$1 rebound from the post-CPI 51.12 low to a 52.486 spike high. The pullback held a higher low at 52.084, and price sits above the ema20 at 51.90. RSI has cooled from 80.7 to 69.9 while ATR expanded to 177.6 pips. The rebound runs against the hot-CPI USD backdrop.
Support: 52.084, 51.90, 51.637
Resistance: 52.486, 52.64
What it said to watch
Close above the 52.486 spike high opens the 52.64 prior swing
Loss of the 52.084 higher low puts the ema20 at 51.90 and the 51.64 asian high back in play
Thu jobless claims and the Fed speaker slate could reassert the post-CPI USD bid and shift this read
Asian range breakout, higher low at the 38.2% retracement.
Mid-Asia session, silver broke out of its 51.43–51.64 Asian range with a $1 spike to the 52.486 Asian high. That retraced part of Tuesday's CPI- and Waller-driven slide to 51.12. The pullback held at 52.08, the 38.2% fib of the spike, and price sits above both EMAs with EMA20 just crossing EMA50; RSI(14) is at 72.7, cooling from 80.7.
Support: 52.084, 51.851, 51.43
Resistance: 52.486, 52.64
What it said to watch
M15 close above the 52.486 asian high opens Tuesday's 52.64 prior high from the London session
Loss of the 52.08 pullback low exposes the ema20 near 51.85 and the 50–61.8% fib zone
Return below the 51.43 asian low unwinds the breakout
Thu 13:30 GMT jobless claims and the Fed speaker slate could materially shift this read
02:31 UTC
Sharp Asia rebound off post-CPI lows, momentum cooling · RSI 68 · price 52.18
Asian range breakout, now consolidating 52.08–52.33 below the session high.
After the hot CPI print drove silver to 51.116 in NY, the Asia session broke the 51.43–51.64 Asian range in two bars to a 52.486 session high. That high stalled just under the 61.8% fib of the 53.45–51.12 slide, and RSI(14) has cooled from 80.7 to 68.2. Price is holding a 52.084 pullback low beneath a 52.33 lower high, with the converging ema cluster near 51.80 below and ATR expanded to 171.8 pips.
Support: 52.084, 51.795, 51.43
Resistance: 52.33, 52.486, 52.558
What it said to watch
M15 close above the 52.486 session high and the 61.8% fib near 52.56 extends the Asia breakout
Loss of the 52.084 pullback low brings the ema cluster near 51.80 back into play
Lower high at 52.33 is capping the consolidation; a return to the 51.43 Asian low would negate the range break
ema20 (51.791) crossing above ema50 (51.799) would confirm the momentum shift
Thu jobless claims and Fed speakers (Hammack through Williams) are the next scheduled USD risk
02:16 UTC
Sharp Asia-session spike, now pulling back · RSI 68 · price 52.161
Asian range broken higher, first pullback in progress.
Silver broke out of the 51.43–51.64 Asian range with a two-bar spike to 52.486, erasing Tuesday's hot-CPI drop. RSI(14) cooled from 80.7 to 67.8 as price eased toward the 52.15 pullback low. Price holds above both EMAs, and the EMA20 is closing in on the EMA50 from below.
Support: 51.951, 51.782
Resistance: 52.486, 52.64
What it said to watch
M15 close below the 52.15 pullback low exposes the 38.2% fib near 52.08 and the 51.95 spike base, which sits near the 50% fib
Loss of the ema50 at 51.78 would put price back toward the Asian range and negate the breakout
Break of the 52.486 spike high brings the 52.64 pre-CPI high into play
Thu jobless claims and the Fed-speaker slate, then Fri PPI, could materially shift this read
Asian range break, impulse stalled at 52.49 with first pullback holding 52.21.
Silver broke out of a tight 51.43–51.64 Asian range in the 01:15–01:30 UTC bars and tagged a 52.486 spike high, about a third of Tuesday's CPI-driven drop from 52.24 to 51.12, before a rejection pulled it back to the 52.207 pullback low. RSI(14) has cooled from 80.7 to 70.6 as ATR expands to 175 pips. Price holds above both EMAs, though EMA20 (51.701) is still just under EMA50 (51.765).
Support: 52.207, 51.958, 51.637
Resistance: 52.486, 52.64
What it said to watch
M15 close below the 52.207 pullback low exposes the fib 50% near 51.96, at the breakout bar's close
Close above the 52.486 spike high opens the 52.64 prior high from Tuesday's post-Waller bounce
Slip back below the 51.637 asian high would turn the breakout into a false break
Thu 13:30 UTC jobless claims and a heavy Fed-speaker slate could materially shift this read
Breakout above post-CPI 51.12–51.61 range; first pause below session high.
Early Asia session, silver ripped about 1,050 pips off the 51.43 Asian low to a 52.486 session high in three bars. That broke the 51.12–51.61 range that held after Tuesday's hot CPI. No release drove it, which fits the short-covering risk flagged after the heavy hawkish pricing. RSI(14) at 80.7 and ATR jumping from 114 to 170 pips show an extended impulse, with the current bar stalling just under the high.
Support: 52.00, 51.746, 51.43
Resistance: 52.486, 52.64
What it said to watch
Hold above 52.486 session high opens the 52.64 prior high from Tuesday's pre-CPI swing
Close back below the 52.00 round number and the 51.958 50% fib of the spike points to a fading move
Loss of ema50 at 51.746 returns price to the post-CPI range
RSI above 80 leaves the impulse vulnerable to a sharp pullback
Thu 13:30 UTC jobless claims and the Fed speaker cluster could reset this read
Higher lows off 51.116; Asian range broken to the upside.
Early Asia session broke the 51.637 Asian high in one impulsive bar, reclaiming the ema50 at 51.717 and now testing the 52.07 bounce high from the post-CPI NY session. RSI(14) at 70.7 is overbought and ATR has expanded to 142 pips. Higher lows off the 51.116 post-CPI low hold the rising trendline, and the hot CPI drop leaves the 52.324 pre-cpi high above.
Support: 51.717, 51.637, 51.43
Resistance: 52.07, 52.324
What it said to watch
M15 close above the 52.07 bounce high opens the 52.324 pre-cpi high
Return below the 51.637 Asian high marks the breakout as a false break
Loss of the ema50 at 51.717 puts the 51.43 Asian low and the rising trendline back in focus
Thu 13:30 UTC jobless claims and Fed speakers could materially shift this read
Higher lows off 51.116 cpi low, capped at 51.64 asia high.
Silver dropped from 52.24 to the 51.116 cpi low after the hot US CPI and Waller's hike talk, and has since built higher lows along a rising support line. Early Asia session is pressing the 51.637 asia high, between the 38.2% and 50% cpi drop fib, above a flattening ema20 at 51.518 but below a falling ema50 at 51.708. RSI(14) sits neutral at 49.4 and ATR has compressed to about 120 pips.
Support: 51.518, 51.43, 51.116
Resistance: 51.637, 51.708, 52.07
What it said to watch
M15 close above the 51.637 asia high puts the ema50 at 51.708 and the 50% fib near 51.68 in play, with the 52.07 post-cpi hi above
Rejection at the asia high and a loss of the ema20 at 51.518 turns the read back to range trading inside the Asian range
Break below the 51.43 asia low and the rising support line exposes the 51.116 cpi low
London open usually expands range, so the ATR compression may not hold into that session
01:02 UTC
Downtrend, pausing in a tight base · RSI 46 · price 51.503
Post-CPI low at 51.116, flat 51.43–51.62 range into early Asia.
Silver dropped from 53.63 to a 51.116 cpi low after Waller and the hot October CPI. The rebound has stalled at the 51.62 range top near the 38.2% fib of the CPI leg, with early Asia holding 51.43–51.62 below a falling ema50 at 51.715. ATR(14) has compressed from 182 to 114 pips and RSI(14) sits at 46.
Support: 51.43, 51.25, 51.116
Resistance: 51.62, 51.715, 52.07
What it said to watch
M15 close above the 51.62 range top opens the ema50 at 51.715, then the 52.07 post-cpi hi
Loss of the 51.43 asian low exposes the 51.25 dip zone and the 51.116 cpi low
Thu jobless claims (13:30 GMT) and the Fed-speaker cluster could materially shift this read
Higher lows off 51.116 into a flat 51.62 range top.
Silver dropped from 52.32 to the 51.116 cpi low after the hot US CPI print. It then bounced through the NY afternoon and stalled at the 51.62 range top, near the 38.2% retracement of that drop. Early Asia is holding a tight 51.45–51.62 range just under the ema20 at 51.518, with ATR(14) compressing to 116.6 pips and the ema50 at 51.724 sitting above.
Support: 51.45, 51.116
Resistance: 51.518, 51.619, 51.724
What it said to watch
M15 close above the 51.62 range top opens the ema50 at 51.724, near the 50% retracement
Loss of the 51.45 session low exposes the 51.25 swing low, then the 51.116 cpi low
Thu 13:30 GMT jobless claims and the Fed speaker cluster could reset the post-CPI read
00:32 UTC
Downtrend, pausing in consolidation · RSI 50 · price 51.495
Higher lows off 51.116, flat cap at 51.62.
The hot US CPI print drove silver to a 51.116 NY low. Since then price has carved higher lows into a tight 51.45–51.62 Asian range. The range top sits at the 50% retrace of the 52.07–51.12 leg, while price holds around the ema20 and below the ema50 at 51.732. RSI(14) is flat at 49.8 and ATR(14) has compressed from 191 to 117 pips; the late Bowman/Paulson remarks drew a muted reaction.
Support: 51.446, 51.341, 51.116
Resistance: 51.62, 51.732, 52.07
What it said to watch
M15 close above the 51.62 range top opens the ema50 at 51.732 and the 61.8% retrace near 51.71
Reclaim of the ema50 puts the 52.07 post-cpi high back in focus
Break below the 51.446 range low exposes the 51.341 swing low, then the 51.116 ny low
Thu Initial Jobless Claims at 13:30 UTC and Fed speakers on December hike size could materially shift this read
Silver sold off from 53.63 in early Asia to a 51.116 session low during NY hours, with legs lower on Waller's hike warning at London open and the hot US CPI print. Since then price has built higher lows, and early Asia is holding the rollover low at 51.465 above the ema20. Price sits near the 50% retracement of the post-CPI leg from the 52.07 cpi bounce, with the base cap at 51.62 seen twice and the ema50 at 51.74 overhead. RSI is neutral and ATR is compressing from 194 pips.
Support: 51.465, 51.116
Resistance: 51.62, 51.74, 52.07
What it said to watch
M15 close above the 51.62 base cap and the 51.74 ema50 extends the recovery toward the 52.07 cpi bounce
Loss of the ema20 and the 51.465 rollover low breaks the higher-low trendline, putting the 51.116 session low back in focus
Thu Initial Jobless Claims (f/c 195K) and the Fed slate on December hike size could materially shift this read
Tight 51.45–51.61 range with rising lows off 51.116.
The Waller-led European slide and hot October CPI took silver down to the 51.116 cpi low, and price has since built rising lows into a 51.45–51.61 range. It sits just above the ema20 at 51.507 and below the ema50 at 51.746 as the Asian session opens. ATR(14) has compressed from 204 to 118.9 pips, and the range top lines up with the 38.2% level of the cpi drop fib near 51.58.
Support: 51.507, 51.446, 51.116
Resistance: 51.61, 51.746, 52.07
What it said to watch
M15 close above the 51.61 range top breaks the consolidation, with the ema50 at 51.746 and the 52.07 post-CPI high next
Loss of the 51.446 range low breaks the rising lows and re-exposes the 51.116 cpi low
Bowman/Paulson at 23:30 UTC drew little reaction; Thu jobless claims at 13:30 UTC and the Fed slate could shift the read