Double bottom near 62.30, higher lows since, now consolidating under 66.56.
Silver carved a double bottom at 62.33/62.30 and has rallied roughly 5 dollars off that base, the recovery helped by the pullback in crude from ~102 toward ~95 and the 10-year easing to ~4.93% after the hawkish Fed hike was absorbed. EMA20 has crossed back above EMA50 (65.67 vs 65.29) with price above both, but the last six bars have coiled into a tight 65.70–67.03 consolidation that has so far failed to reclaim the 66.56 break level. The wider sequence of lower highs from 71.16 through 68.31 and 67.32 still caps the structure, so this remains a recovery inside that descending series.
Support: 65.70, 65.29, 62.30
Resistance: 66.56, 67.32, 68.31
What it said to watch
Sustained H4 closes above 66.56 would expose the 67.32 swing high and then the 68.31 prior high, breaking the lower-highs sequence
Loss of the 65.70 range floor puts the 65.29 ema50 back in play, with the 62.30 bounce low as the deeper reference
Wed 13:45 GMT S&P Global US Services (f/c 56.0) and Manufacturing (f/c 53.5) PMIs are the week's only high-impact data and could resolve the consolidation either way
ATR(14) at ~760 pips is still elevated versus the tight six-bar range — compression against expanded volatility often precedes a directional break
Triple bottom base, consolidation under lower highs.
Silver has arrested the three-week downtrend with a triple bottom around the 62.30 swing low, and the rebound into the 67.32 week high stalled just under the lower-highs line while flipping EMA20 above EMA50 for the first time in this window. Price is now consolidating in a tight 65.72–66.90 band, with the range top capping the last four bars and the range low holding; the recovery tracks the crude correction and the US 10y easing toward 4.93% after the hawkish 16 Sep Fed hike. ATR(14) near 950 pips has rolled off the post-FOMC highs, i.e. compression inside the consolidation.
Support: 65.72, 65.00, 62.30
Resistance: 66.90, 67.32, 68.31
What it said to watch
H4 close above the range top at 66.90 would put the week high at 67.32 and then the 68.31 prior high back in range
Loss of the range low at 65.72 would expose the ema50 near 65.00 and re-open the 62.30 swing low base
S&P Global flash PMIs Wed 23 Sep 13:45 GMT are the week's only high-impact prints and could reset this consolidation
Higher lows since the 62.30 range low, still under the prior lower-high sequence.
The dominant H4 leg remains the slide from 70.93 to the 62.30 range low, but the last ten bars have carved a clean higher-low sequence (62.30 → 63.04 → 65.72) and price has reclaimed both EMA20 and EMA50, with EMA20 crossing back above EMA50. At 66.595 the market is pressing the 50% fib of the 71.16–62.30 decline (66.73) after the post-FOMC repricing washout, with cheaper crude and an easier 10-year doing the lifting per the macro digest. ATR(14) near 880 pips is well off the 2,590-pip shock bar, so the 65.72–67.32 band is a compression zone rather than an impulse.
Support: 65.72, 63.04, 62.30
Resistance: 66.73, 67.32, 68.31
What it said to watch
Acceptance above the week high at 67.32 would break the lower-high sequence and open the 68.31 prior high
Loss of the 65.72 higher low breaks the recovery structure and re-exposes the 63.04 swing low
US flash PMIs Wed 13:45 GMT are the week's only high-impact prints and can materially shift this read
Failure to close above the 50% fib at 66.73 keeps the bounce corrective within the broader downtrend
Lower highs from 71.16 intact, but a higher low base above 65.50.
Silver spent three weeks carving lower highs from 71.16 down to the 62.30 swing low, then reversed hard to the 67.03 week high as long-end yields eased and crude corrected — a rebound driven by the rate/oil channel rather than the Fed, which hiked in line. Price has since gone flat between 65.50 and 67.03, with EMA20 crossing back above EMA50 around 65.27 and price holding above both. ATR(14) near 836 pips keeps the range wide, and RSI at 54 sits mid-band, consistent with consolidation inside the broader lower-high sequence.
Support: 65.50, 65.27, 64.00
Resistance: 67.03, 67.83, 68.31
What it said to watch
H4 close above the 67.03 week high would break the lower-high line and expose the 67.83–68.31 prior high shelf
Loss of the 65.50 swing low and the ema50 at 65.27 would put the 64.00 round number back in play
S&P Global flash PMIs Wed 13:45 GMT are the main scheduled risk to this consolidation read
05:08 UTC
Rebound within a broader downtrend, momentum stalling · RSI 54 · price 66.227
Higher lows off the 62.30 base, capped below the week high.
Silver carved a double bottom at the 62.30 base and has since rallied in four impulsive H4 legs to a week high of 67.32, reclaiming the ema20 near 65.50 and turning it back above the 50-period average — the first bullish EMA cross in this window. The last five bars have gone sideways between the 66.12 range low and the 67.00 shelf, with ATR(14) near 920 pips after the 2.6-point expansion bar, so the move is consolidating rather than extending. The digest frames the bounce as a yield- and oil-relief trade after the 10y slipped back from 5%, not a dovish Fed repricing, which is consistent with supply capping the advance under the week high.
Support: 66.12, 65.50, 64.00
Resistance: 67.32, 68.31
What it said to watch
H4 close above 67.32 would extend the higher-low sequence toward the 68.31 prior high
Loss of the 66.12 range low, then the ema20 at 65.50, would mark the rebound as corrective and put the 64.00 pivot back in play
US S&P Global flash PMIs Wed 13:45 GMT is the main scheduled risk to this read; hot prints have previously firmed yields and capped metals
A daily-scale return under 64.00 would re-expose the 62.30 base
Higher highs / higher lows off the 62.30 base, capped at 67.32.
The slide from 71.16 stalled at a double bottom, with lows at 62.33 and 62.30 printed two sessions apart, and price has since carved higher highs and higher lows back above both moving averages — EMA20 has crossed above EMA50 for the first time in this window. Reclaiming the 64.20 neckline turned the earlier downside break into a false break, and last week's squeeze — yields easing back off 5% and oil deflating after the hawkish Fed hike and upgraded dots — ran into supply at the 67.32 week high. ATR(14) near 990 pips shows the range regime is still expanded rather than compressed, so follow-through in either direction travels fast.
Support: 65.50, 64.20, 62.30
Resistance: 67.32, 68.31
What it said to watch
An H4 close above the 67.32 week high extends the higher-high sequence toward the 68.31 prior high
Loss of the 65.50 ema20 area would mark the first lower-low since the 62.30 base
A move back under the 64.20 neckline re-opens the 62.30 base as a reference
S&P Global flash PMIs Wed 13:45 GMT are the main scheduled risk to this structure