XAG/USD AI Live Scan, daily chart, Thursday, 15 October 2026

Every read JAFX AI made on the XAG/USD daily chart that day, newest first: trend, structure, the levels it marked and what it said to watch.

21:07 UTC

Downtrend since late-August peak, bouncing off fresh lows · RSI 38 · price 57.226

Lower highs and lower lows from 71.165; range break below the 58.50–62.07 consolidation.

Silver has printed lower highs and lower lows since the 71.165 late-August peak. Price sits below a falling EMA(50) near 62.19, and EMA(20) crossed beneath it in early October. Wednesday's hot US CPI print drove a range break out of the two-week 58.50–62.07 consolidation, through the aug low at 56.557, to a 55.385 oct low. Thursday's close back above the aug low came on falling yields and a softer USD rather than any change in the weekly sequence, and supply still sits overhead at the old range floor at 58.494.

Support: 56.557, 55.385, 54.756

Resistance: 58.494, 60.00, 61.413

What it said to watch

  • Daily close back below the 55.385 oct low extends the lower-low sequence and exposes the 54.756 july low
  • Failure to hold the 56.557 aug low on a closing basis would mark the bounce as a brief pause within the downtrend
  • Recovery through the 58.494 range floor and the 60.00 round number puts price back inside the prior consolidation; the fib 38.2 at 61.413 sits just below EMA(50)
  • Lower-highs trendline from 71.165 runs near 64.2; the downtrend read holds while price stays beneath it
  • Fed Chair Warsh (Fri 03:30 UTC) on the hot CPI/PPI prints could materially shift this read via yields and the USD

17:50 UTC

Downtrend since late August, sliding below EMA50 · RSI 35 · price 56.925

Lower highs and lower lows from 71.17; 58.50–61.50 range broke lower.

Silver has printed successive lower highs since the late-August 71.17 peak (68.31, 67.53, 61.44), with price below a falling EMA50 and capped by the lower-high line. Wednesday's hot US CPI print drove a near-6% flush through the 58.50 range floor of the past two weeks to a 55.39 cpi low. Today's bounce back above the aug low at 56.56 came on falling yields and a softer USD despite the hotter PPI, leaving the july low at 54.76 as the last swing below.

Support: 56.557, 54.756

Resistance: 58.494, 60.30, 61.435

What it said to watch

  • Fed Chair Warsh speaks Fri 03:30 UTC; a hawkish read on the CPI/PPI beats could materially shift this read
  • A daily close below the 55.39 cpi low and the 54.76 july low extends the lower-low sequence to a new window low
  • Failure to hold the 56.56 aug low on a closing basis returns focus to this week's lows
  • A daily close back above the 58.50 range floor puts price back inside the prior range, with the ema20 near 60.30 above it
  • A close above the 61.44 swing high and the lower-high line breaks the sequence of lower highs from 71.17

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