Higher lows off 62.30, latest bar breaks the 67.00-67.30 shelf.
After the slide from 71.16, the window built a double bottom at 62.30/62.33 and has since carved higher lows, the most recent at the 64.55 swing low. The latest H4 bar cleared the 66.48 prior cap that had twice capped rallies and closed at 67.208 — through the 50% retracement of the 71.16-62.30 decline and above the lower-high line — as softer oil and easing 10-year yields offset the hawkish Fed repricing. ATR(14) near 860 pips shows an expanding, not compressing, regime, with EMA20 (~66.2) now above EMA50 (~65.4) and price above both.
Support: 66.48, 64.55, 62.30
Resistance: 67.53, 68.31
What it said to watch
A close back below the 66.48 prior cap would mark the move as a false break and return price to the mid-range
Failure to hold the 64.55 swing low would confirm a lower low and re-open the 62.30 range low
Acceptance above the 67.53 bar high puts the 68.31 swing high in play
US flash PMIs Wed 13:45 UTC are the next scheduled event capable of resetting this structure
Lower highs since the 71.17 peak, higher lows off 62.30 — converging range.
The 62.30 low produced a sharp three-day rebound to 67.32, but that move stalled dead into the 100-dma at 66.39 and price has since printed successively lower highs (66.90, 66.80, 66.34) while holding a higher low at 64.55 — a converging range beneath the broken structure. Hawkish Fed repricing and a firmer dollar have capped each attempt at the 100-dma, with softer oil stripping out the inflation-hedge bid. Price sits pinned between the ema20 just above at 65.95 and the ema50 at 65.20, with ATR(14) near 840 pips still elevated rather than compressed.
Support: 65.20, 64.55, 62.86
Resistance: 65.95, 66.39, 67.32
What it said to watch
An H4 close above the 100-dma at 66.39 would invalidate the lower-high sequence and put the 67.32 swing high back in focus
Loss of 64.55 swing low confirms continuation of the downtrend and brings the 62.86 neckline zone back into reference
US flash PMIs Wed 13:45 UTC are the main scheduled risk to this range read
Broad 62.30-67.32 range, rolling over from the top half.
The 62.30 low posted mid-window sparked a sharp two-leg rebound to 67.32, but that advance has since stalled into a sequence of lower highs — 67.32, 66.90, 66.80, 66.34 — with the 100-dma at 66.39 repeatedly capping attempts and hawkish Fedspeak reviving October hike pricing. Price is now back below the ema20 near 66.00 while still holding above the ema50, leaving the whole move contained inside the post-FOMC 62.30-67.32 range. ATR(14) near 830 pips keeps the volatility regime elevated rather than compressed, so range edges are being travelled quickly.
Support: 65.06, 64.55, 62.86
Resistance: 66.00, 66.39, 67.32
What it said to watch
H4 closes above the 66.39 100-dma and then 67.32 swing high would invalidate the lower-highs read
Loss of the 65.06 swing low and 64.55 week low would confirm continuation toward the 62.86 range base
US S&P Global flash PMIs Wed 13:45 UTC (Services f/c 56, Mfg 53.5) are the main event risk for this structure
Fed speakers Williams, Jefferson and Barkin today could extend or break the stall below ema20
Multi-day consolidation broken lower, last close under range floor and both EMAs.
After the rebound off the 62.30 swing low peaked at the 67.03 week high, price spent roughly five sessions pinned in a 65.70-67.03 range under the 100-dma at 66.39, with repeated rejection at that pivot. The last two bars broke the range floor at 65.51 and closed at 64.907, back below both EMA20 (~65.61) and EMA50 (~65.30) and completing the first EMA cross-down since the rebound began. ATR(14) near 820 pips shows no compression — the swings remain wide as silver tracks the yield/oil channel now that the hawkish Fed path is largely priced.
Support: 64.46, 63.91, 62.30
Resistance: 65.51, 66.39, 67.03
What it said to watch
Failure to hold the 64.46 swing lows would extend the sequence of lower highs toward the 63.91 prior low
An H4 close back above the 65.51 range floor would reinstate the consolidation read rather than a breakdown
The 100-dma at 66.39 remains the ceiling that has capped every attempt in this window
US flash S&P Global PMIs Wed 13:45 UTC could materially reset this structure
Higher lows off 62.30, lower-high cap under 67.32.
The post-FOMC washout bottomed at the 62.30 window low and the yield-relief rebound has since built a higher-low sequence, but the advance stalled at the 67.32 swing high and price has spent the last ten bars pinned inside a 65.70–66.90 band. ATR(14) has halved from the ~2.5-point impulse bars of the sell-off, and the 50% retracement of the 71.17→62.30 leg sits right in the middle of the current range, so the rebound is ranging rather than extending. Price holds marginally above both EMA20 and EMA50, which have flattened and converged beneath the range top.
Support: 65.70, 65.20, 62.30
Resistance: 66.90, 67.32
What it said to watch
H4 close above the 66.90 range top and then 67.32 swing high would end the multi-day consolidation read
Loss of the 65.70 range low puts the 65.20 swing low back in play and re-opens the path toward 62.30
Continued ATR compression inside 65.70–66.90 keeps the range intact; expansion resolves it
US S&P Global PMIs Wed 13:45 GMT (Services f/c 56, Mfg 53.5) is the main event risk capable of resetting this range
Higher lows off 62.30 double bottom, capped under 67.32.
Silver carved a double bottom at 62.30/62.33 and has built a sequence of higher lows since, reclaiming both the EMA20 (65.71) and EMA50 en route to the 67.32 swing high — the yield-led leg the digest attributes to the 10-year slipping toward 4.93% and the WTI correction. The last nine bars have compressed between the 65.70 range low and roughly 67.03, with ATR(14) at ~762 pips easing off the post-FOMC expansion, and the 50% retracement of the 71.17–62.30 slide at 66.73 sits directly overhead. RSI near 58 is flat rather than extended, consistent with consolidation rather than trend extension.
Support: 65.70, 65.18, 64.00
Resistance: 67.32, 68.31
What it said to watch
H4 close above the 67.32 swing high opens the 68.31 prior high
Loss of the 65.70 range low, then the 65.18 swing low, would break the higher-low sequence and re-expose 64.00 round number
S&P Global flash PMIs Wed 13:45 GMT (Services 56 f/c, Mfg 53.5 f/c) is the main event risk for this consolidation
Fed speaker slate Tue (Williams, Jefferson, Barkin) can shift the read inside the range