XAG/USD AI Live Scan, 15-minute chart, Thursday, 22 October 2026
Every read JAFX AI made on the XAG/USD 15-minute chart that day, newest first: trend, structure, the levels it marked and what it said to watch.
23:47 UTC
Downtrend, compressing near lows · RSI 37 · price 54.535
Lower highs and lower lows; tight 54.47–54.75 range since late NY.
Oil- and USD-driven selling carried silver through the NY selloff from 56.03 to 54.47, with each bounce forming a lower high. Late NY and the early Asia session have compressed into a 54.47–54.75 range just above the 54.50 area. Price is below both EMAs, and RSI(14) near 37 has eased off oversold.
Support: 54.47, 54.00
Resistance: 54.75, 54.97, 55.52
What it said to watch
M15 close below the 54.47 range low resumes the lower-low sequence, with the 54.00 round number next
Reclaim of the 54.75 range top and the 54.97 swing high would break the lower-high chain; the 55.52 bounce high sits above the 50% of the NY selloff fib (~55.25)
US flash PMIs at 13:45 UTC and UoM inflation expectations at 14:00 UTC Fri could materially shift this read
Oil or US–Iran headlines remain the dominant intraday driver for silver
Lower highs from the NY bounce, now a tight Asian range above the session low.
Silver extended Thursday's oil- and USD-driven slide. The NY-open flush through 55.10 gave way to lower highs off the 55.52 NY bounce and a swing high at 54.97, ending in a 54.47 session low. Early Asia is compressing in a 54.51–54.71 range just above the 54.50 psych level, with RSI(14) back to neutral and price well short of the 38.2% NY leg fib near 54.87.
Support: 54.514, 54.50, 54.471
Resistance: 54.709, 54.967, 55.518
What it said to watch
A break of the 54.47 session low and the 54.50 psych level extends the lower-low sequence
A close above the 54.71 asian high, then the 54.97 swing high, would mark the first higher high since the NY bounce
Flash PMIs at 13:45 UTC and UoM inflation expectations at 14:00 UTC could materially shift this read
Thursday's oil- and USD-driven slide took silver from 57.75 to a 54.471 day low. The sharpest leg came in the first hour of NY through 55.00, and the 55.518 NY high and 54.967 lower high capped the bounces that followed. Since late NY, price has based around 54.51 with RSI(14) near 43. Early Asia is holding a tight 54.514–54.709 range below EMA20.
Support: 54.514, 54.471
Resistance: 54.709, 54.967, 55.518
What it said to watch
M15 close below the 54.471 day low resumes the lower-low sequence through the $54.50 area
Close above the 54.709 asian high breaks the Asian range; the 54.967 lower high and the 55.25 midpoint of the NY selloff fib sit above
Fri 13:45 UTC flash PMIs and 14:00 UTC UoM inflation expectations could materially shift this read
Oil and Middle East headlines remain the dominant driver; a crude spike or drop could break the base either way
23:05 UTC
Downtrend, stalling into a base · RSI 41 · price 54.573
Lower highs/lower lows all session; tight 54.47–54.71 base since late NY.
Silver's liquidation ran through NY. The NY-open flush from 55.94 to 54.99 was followed by a lower-high chain down to a 54.471 ny low, below the YTD low, as oil-driven inflation and Fed-hike fears dominated. Early Asia is holding a tight 54.535–54.709 range inside the late-NY base, capped by the lower-highs line from the 54.967 swing high; RSI(14) near 41, with no oversold extreme on this timeframe.
Support: 54.535, 54.471
Resistance: 54.709, 54.967, 55.518
What it said to watch
M15 close below the 54.471 ny low resumes the lower-low sequence beneath the 54.50 area
Break of the lower-highs line and the 54.709 asia high opens the 54.967 swing high, then the ny selloff fib 38.2% near 55.07
Reclaim of the 55.518 ny bounce high would break the intraday lower-high chain
Loss of the 54.535 asia low keeps the base under pressure into London open
US Services/Manufacturing PMI and UoM inflation expectations (Fri 13:45–14:00 UTC) could materially shift this read
The NY leg flushed silver from the 55.518 NY high to a 54.471 swing low on oil-driven inflation fears and a firm USD, and the late-NY lows held a flat 54.47–54.53 base. Early Asia is trading inside that base, capped at the 54.709 Asia high with the Asia low at 54.535, while RSI(14) holds near 39 and below both EMAs.
Support: 54.535, 54.471
Resistance: 54.709, 54.967, 55.518
What it said to watch
M15 close below the 54.471 swing low ends the base and resumes the lower-low sequence
Reclaim of the 54.967 lower high, near the 38.2% of the NY leg, breaks the lower-high chain
Fri 13:45 UTC S&P PMIs and 14:00 UTC UoM inflation expectations could materially shift this read
Lower highs and lower lows; tight base 54.47–54.75 since late NY.
Thursday's liquidation took silver from 57.97 to a 54.471 day low. The NY-open break of 55.64 extended the NY sell-off as oil-driven hike fears and forced selling hit the metal. Since late NY, price has compressed in a 54.47–54.75 base just under EMA20, with lower highs still capping the first bars of the Asia session and RSI(14) at 39, off oversold.
Support: 54.471, 54.00
Resistance: 54.752, 54.967, 55.38
What it said to watch
M15 close above the 54.75 range top and EMA20 breaks the lower-high line; the 54.967 swing high and the 50% retrace of the NY sell-off sit next
Failure to hold the 54.471 day low resumes the lower-low chain, with the 54.00 round number the next marked level
Reclaim of 55.38 broken support would signal the flush is exhausting
Oil headlines overnight, then Fri 13:45/14:00 UTC US PMIs and UoM inflation expectations, could materially shift this read
Lower highs from 55.52; late-NY range 54.47–54.75 into Asia open.
Silver bled from 57.85 through Asia and London. The NY open flush broke the 55.38 support amid oil-driven inflation fears, and lower highs capped the bounce at 55.52 before a 54.471 session low. Late NY compressed into a 54.47–54.75 range, and early Asia is drifting just below EMA20 inside it.
Support: 54.50, 54.471
Resistance: 54.75, 54.967, 55.38
What it said to watch
Break of 54.471 session low and the 54.50 psych area extends the lower-low chain
M15 close above the 54.75 range top (near the broken 54.77 YTD low) opens the 54.97 swing high and the 38.2% retrace
Reclaim of 55.38 broken supp would mark the flush as exhausting
Fri 13:45 UTC Services/Manufacturing PMIs and 14:00 UTC UoM inflation expectations could materially shift this read
22:04 UTC
Downtrend, momentum stalling into the late NY session · RSI 39 · price 54.579
Lower highs from 55.518 and 54.967; late-NY compression at 54.47–54.75.
Silver's liquidation ran through Asia, London and NY on oil-driven hike fears and forced selling, breaking 55.00 at 14:30 UTC. The NY bounce high at 55.518 and the lower high at 54.967 kept the sequence intact. Since then, price has compressed in a 54.47–54.75 band just above the session low, with RSI(14) near 39 and the NY leg fib 38.2% at 54.87 overhead.
Support: 54.471, 54.00
Resistance: 54.752, 54.967, 55.518
What it said to watch
Break of the 54.471 session low extends the lower-low chain, with the 54.00 round number next
M15 close above the 54.752 swing high breaks the compression; the 54.967 lower high and the NY leg fib 38.2% at 54.87 sit above
Reclaim of the 55.518 NY bounce high invalidates the intraday lower-high sequence
Fri 13:45 UTC PMIs and 14:00 UTC UoM inflation expectations could materially shift this read
Lower highs from 55.52; late-NY base forming 54.47–54.75.
Asia session liquidation dragged silver from 57.85 to 55.78. The NY-open leg then broke prior support at 55.38 and the 54.77 old YTD low, flushing to a 54.47 session low on oil-driven inflation fears and forced selling. Late NY is basing at 54.47–54.75 under a line of lower highs, with RSI(14) near 39 and no longer oversold.
Support: 54.471, 54.00
Resistance: 54.77, 54.967, 55.38
What it said to watch
M15 close back above 54.77 (old YTD low) and the lower-highs trendline would mark the first break in the sell-off structure
Swing high at 54.97 caps the NY leg; a 38.2% retrace of the NY leg sits near 54.87 just beneath it
Failure at the 54.47 session low extends the lower-low chain and puts the 54.00 round number in play
Reclaim of 55.38 prior support would signal the flush is exhausting
Fri 13:45 UTC S&P PMIs and 14:00 UTC UoM inflation expectations could materially shift this read; oil headlines remain the main swing factor
21:32 UTC
Downtrend, compressing near lows · RSI 37 · price 54.579
Lower highs and lower lows below the broken Asian range; tight base late NY.
Silver lost the Asian range low (55.78) in London, and the NY open flush took out 55.00. The NY selloff then printed lower highs at 54.967 and 54.752, extending the liquidation the digest ties to oil-driven inflation fears and December hike pricing. Late NY has compressed just above the 54.471 session low, with RSI(14) near 37, not yet oversold.
Support: 54.471, 54.00
Resistance: 54.752, 54.967, 55.38
What it said to watch
M15 close below the 54.471 session low extends the lower-low chain, with the 54.00 round number next
Reclaim of the 54.752 lower high breaks the lower-high sequence and exposes the 54.967 swing high
Recovery of 55.38 broken supp would signal the flush is exhausting
Daily break in the next hour thins liquidity; Fri 13:45 UTC US PMIs and 14:00 UTC UoM inflation expectations could materially shift this read
21:17 UTC
Downtrend, momentum flattening into late-NY base · RSI 37 · price 54.579
Lower highs from 55.52; tight 54.47–54.75 base near session lows.
Silver sold off through Asia, London and NY. The NY open broke the 55.65 London low and cut through 55.00, followed by lower highs at the 55.52 bounce high and the 54.97 lower high, with oil-driven Fed-hike fears and forced selling behind the flush. Late NY is basing between the 54.47 session low and the 54.75 swing high around the 54.50 round number, with RSI(14) near 37 and no oversold extreme on this timeframe.
Support: 54.50, 54.471
Resistance: 54.752, 54.967, 55.518
What it said to watch
A close below the 54.47 session low resumes the lower-low chain; the 54.50 round number is the first test
A reclaim of the 54.75 swing high breaks the late base. The 54.97 lower high, near the afternoon leg fib 50%, and the 55.52 bounce high sit above
The session is closing into the daily break; thin liquidity at the reopen can distort the base
Fri 13:45 UTC PMIs and 14:00 UTC UoM inflation expectations, plus any oil headline, could materially shift this read
21:07 UTC
Downtrend, compressing near lows · RSI 38 · price 54.579
Lower highs and lower lows, small base forming at the session low.
Silver extended its liquidation through NY. A 13:30 UTC flush broke 55.00, and the lower-high chain at 55.518 and 54.967 then pushed price to a session low at 54.471, with oil-driven hike fears and USD strength the backdrop. Late NY, near the daily close, price is compressing in a tight 54.47–54.75 band, with RSI(14) at 38 and no longer oversold.
Support: 54.471, 54.00
Resistance: 54.752, 54.967, 55.518
What it said to watch
Break of the 54.471 session low resumes the lower-low chain, with the 54.00 round number the next reference
Close above the 54.752 minor high ends the compression; the 54.967 swing high sits at the 50% of the NY leg fib
Reclaim of the 55.518 lower high would break the intraday downtrend structure
Fri 13:45 UTC PMIs and 14:00 UTC UoM inflation expectations could materially shift this read
Lower highs from the NY high into repeat lows at 54.51.
Silver extended the oil- and hike-odds-driven liquidation. Asia flushed from 57.90 to 55.78 and London held a 55.65–56.54 range. The NY open broke that range and pushed price below the $54.77 YTD low. Since the 55.518 NY high, price has printed lower highs into repeat lows at 54.51 and a 54.471 session low, with late-NY bars compressing and RSI(14) near 37.
Support: 54.511, 54.471
Resistance: 54.752, 54.967, 55.518
What it said to watch
M15 close below the 54.471 session low extends the lower-low chain beyond the repeat lows
Reclaim of the 54.752 lower high breaks the post-NY-high lower-high sequence
54.967 swing high and the 50% retrace of the NY drop near 54.995 sit as overhead caps
Fri 13:45 UTC flash PMIs and 14:00 UTC UoM inflation expectations could materially shift this read
20:32 UTC
Downtrend, compressing near lows · RSI 35 · price 54.551
Lower highs and lower lows since London; late-NY 54.47–54.75 band.
Lower highs since London. The NY open broke the London low near 55.65 and extended to a 54.47 session low on oil- and USD-driven selling, with the 54.77 YTD low and 55.38 broken support both given up. Late NY is compressing in a 54.47–54.75 band just above the 54.50 psych level, capped by the 54.75 swing high, with RSI(14) near 35 and not yet oversold.
Support: 54.50, 54.471
Resistance: 54.752, 54.967, 55.38
What it said to watch
M15 close above the 54.75 swing high breaks the late-NY band and puts the 54.97 lower high in play
Failure to hold the 54.47 session low and 54.50 psych extends the lower-low chain
Reclaim of 55.38 broken support, near the 61.8% of the NY decline fib, would mark a failed breakdown
Fri 13:45 UTC US flash PMIs and 14:00 UTC UoM inflation expectations could materially shift this read
Lower highs and lower lows since NY open; base forming at 54.50.
Silver broke below the 55.78 Asian range low at the NY open. Oil-driven inflation fears and a firm USD weighed, and a falling trendline through the 55.52 and 54.75 lower highs has capped every bounce since. Late in NY hours price is pressing the 54.50 session low for a fourth time, with RSI(14) near 36 printing a bullish divergence against the 54.66 low.
Support: 54.50
Resistance: 54.752, 54.967, 55.38
What it said to watch
An M15 close below the 54.50 session low extends the lower-low chain through the digest's breakdown trigger
A close above the 54.75 lower high breaks the falling trendline, with the 54.97 swing high next
A reclaim of 55.38 broken supp, near the 61.8% retrace of the NY drop from 56.03, would mark a failed breakdown
Friday's 13:45 UTC flash PMIs and 14:00 UTC UoM inflation expectations could materially shift this read
Silver broke below the London low near 55.65 at the NY open and slid through the 54.77 YTD low as oil-driven inflation fears and a firm USD weighed. Each bounce has printed a lower high under the lower-highs line from 55.52. Late NY has stalled into three tests of the 54.51 session low, with RSI(14) near 41.
Support: 54.511, 54.00
Resistance: 54.77, 54.967, 55.38
What it said to watch
M15 close back above the ytd low at 54.77 and the lower-highs line weakens the downtrend read
Close above the 54.97 swing high, near the 38.2% of the NY leg fib, ends the lower-high chain
Break of the 54.51 session low resumes the lower-low sequence, with the 54.00 round number next
Reclaim of broken support at 55.38 would mark a failed breakdown
Fri 13:45 UTC flash PMIs and 14:00 UTC UoM inflation expectations could materially shift this read
Lower-high chain from 55.518, session low 54.513 tested twice.
Silver fell from 57.88 to 55.78 in Asia, drifted lower through London, then broke 55.38 and 55.00 in the first hour of NY on oil-driven inflation fears and a firm USD. Since then the 14:45 UTC bounce to 55.518 has printed lower highs at 54.967 and 54.752. Late NY is pressing the session low at 54.513 for a second time, with RSI(14) near 33, soft but not extreme.
Support: 54.513
Resistance: 54.752, 54.967, 55.38
What it said to watch
An M15 close above the 54.752 lower high breaks the lower-highs trendline and the intraday chain
Acceptance below the 54.513 session low and the 54.50 round number extends the downtrend into new lows
A reclaim of 55.38 (broken sup) would mark the NY breakdown as failed
Fri 13:45 UTC US PMIs and 14:00 UTC UoM inflation expectations could materially shift this read
Retracement of the 55.52–54.51 leg is capped near the 38.2% level around 54.90, close to the swing high
LH/LL chain through NY session after London range break.
Asia sold off from the 58.03 high, London held a 55.65–56.13 range, and NY broke it lower as oil and a firm USD drove the slide through the 55.38 broken supp. The NY sell-off has printed lower highs at 55.518 and the 54.967 swing high. The 54.513 session low sits just above the 54.50 breakdown marker, with price back below the 54.77 YTD low and RSI(14) near 38, not yet oversold.
Support: 54.513, 54.00
Resistance: 54.967, 55.38, 55.518
What it said to watch
M15 close above the 54.967 swing high breaks the lower-high chain and puts 55.38 broken supp back in view
Failure to hold the 54.513 session low exposes the 54.00 round number
55.518 lower high caps the 50–61.8% zone of the NY sell-off fib
Fri 13:45 UTC S&P PMIs and 14:00 UTC UoM inflation expectations could materially shift this read
19:17 UTC
Downtrend, extending into late NY · RSI 28 · price 54.543
Lower highs and lower lows; YTD low broken.
Silver's liquidation leg broke through the $54.77 YTD low late in NY and printed a 54.51 session low, with oil-driven inflation fears and ~90% December-hike pricing in the background. Lower highs at the 55.52 NY swing high and 54.97 cap the move. RSI(14) near 28 is stretched but not extreme.
Support: 54.513, 54.39, 54.00
Resistance: 54.77, 54.967, 55.518
What it said to watch
M15 close back above the 54.77 YTD low would flag the break as a false break
Close above the 54.97 lower high breaks the lower-highs trendline and the lower-high sequence
Failure to hold the 54.51 session low exposes the cited level at 54.39, then the 54.00 round number
Fri 13:45 UTC PMIs and 14:00 UTC UoM inflation expectations could materially shift this read
Lower highs and lower lows; trading below the broken 54.77 YTD low.
Silver's oil- and Fed-driven liquidation carried into late NY. The NY-open slide from 55.97 broke through 55.00, and price is now printing a session low at 54.61, below the 54.77 YTD low. The NY bounce high at 55.52 and the 54.97 lower high define a descending trendline. RSI(14) near 26 is oversold, but there is no base yet.
Support: 54.61, 54.39
Resistance: 54.77, 54.967, 55.518
What it said to watch
An M15 close back above the 54.77 YTD low would turn the break into a false break
A close above the 54.97 lower high breaks the descending trendline and the lower-high chain
Acceptance below the 54.61 session low brings the 54.39 next level into view
Fri 13:45 UTC flash PMIs and 14:00 UTC UoM inflation expectations could materially shift this read; oil headlines remain the live driver
Lower highs from 55.52; twin tests of 54.66 just below the 54.77 YTD low.
Silver extended its liquidation leg through NY hours. A 13:30 UTC flush cracked 55.00, and the 55.52 NY bounce capped as a lower high. Price now churns 54.66–54.97 late in the NY session, just under the 54.77 YTD low, as oil-driven inflation fears and ~90% December-hike pricing weigh. RSI(14) near 33 is soft but not at an extreme.
Support: 54.662
Resistance: 54.77, 54.967, 55.518
What it said to watch
Break of the 54.66 session low extends the lower-low chain, with 54.39 the next level cited
M15 close back above the 54.77 YTD low and the 54.97 swing high breaks the lower-highs line
Reclaim of the 55.19 fib 61.8% and the 55.52 NY bounce high would neutralise the downtrend read
Oil and Middle East headlines overnight, then Fri 13:45 UTC US flash PMIs and 14:00 UoM inflation expectations, could materially shift this read
Lower highs and lower lows since the Asia open; trendline capping bounces.
Silver's liquidation leg broke the 55.00 round number on the 13:30 UTC NY drop and later printed a 54.662 session low, as oil-driven inflation fears and Fed-hike pricing weighed. The late-NY bounce stalled at the 54.967 swing high under the lower-high trendline. Price is now back on the 54.77 ytd low, with RSI(14) near 33.
Support: 54.77, 54.662
Resistance: 54.967, 55.00, 55.518
What it said to watch
M15 close below the 54.662 session low extends the lower-low chain, with 54.39 the next digest level
Close above the 54.967 swing high and the 55.00 round number breaks the lower-high trendline
The 55.518 lower high marks the top of the NY bounce structure; reclaiming it invalidates the intraday downtrend read
Fri 13:45 UTC flash PMIs and 14:00 UTC UoM inflation expectations could materially shift this read
Lower-high/lower-low chain, price pinned at YTD low late in NY session.
Silver's liquidation leg ran from 58.03 through Asia and London. NY pushed through the 54.77 ytd low to a 54.662 session low, and the bounce stalled at 54.967 (bounce high), just shy of the 38.2% pullback fib off the 55.518 pullback high. Late NY has price back on the ytd low with RSI(14) near 29 and ATR around 190 pips, as oil-driven inflation fears and hawkish Fed pricing remain the backdrop.
Support: 54.77, 54.662
Resistance: 54.967, 55.00, 55.518
What it said to watch
M15 close below the 54.662 session low extends the lower-low chain
Reclaim of the 54.967 bounce high and 55.00 round number would break the descending trendline and expose the 55.518 pullback high
Fri 13:45 UTC flash PMIs and 14:00 UTC UoM inflation expectations could materially shift this read
Oil/Middle East headlines remain the dominant driver and can reprice silver within a bar
Lower highs from 55.52, YTD low swept and reclaimed.
Silver extended its oil and Fed-driven liquidation through NY, breaking the Asian range in London and printing lower highs at the 55.52 swing high and 55.33 lower high. A 54.662 session low dipped under the 54.77 YTD low before price reclaimed it in late NY. The bounce is stalling just below the 55.00 round number, which lines up with the 38.2% fib of the 55.52–54.66 leg, with RSI(14) near 33.
Support: 54.77, 54.662
Resistance: 55.00, 55.328, 55.518
What it said to watch
M15 close back below the 54.77 ytd low reopens the 54.662 session low and turns the sweep into a lower-low
Close above the 55.00 round number / 38.2% fib exposes the 55.33 lower high, then the 55.52 swing high
Fri 13:45 UTC PMIs and 14:00 UTC UoM inflation expectations could materially shift this read
Oil / Middle East headlines remain the dominant driver of intraday swings
Lower highs from 55.518 NY high into a 54.662 session low; late bounce back above 54.77 and above the descending trendline.
Silver kept selling through Asia, London and NY on oil-driven inflation fears and roughly 90% December-hike pricing. The 13:00 UTC break of 55.65 ran to a 54.662 session low, briefly below the 54.77 ytd low. After the London close, price reclaimed 54.77 and pushed above the descending trendline from the 55.518 NY high, with RSI(14) near 35 and the 55.00 psych / 38.2% fib just overhead.
Support: 54.77, 54.662
Resistance: 55.00, 55.33, 55.518
What it said to watch
An M15 close back below the 54.77 ytd low reopens the 54.662 session low and extends the lower-low chain
A close above 55.00 psych / 38.2% fib breaks the lower-high sequence, with 55.33 lower high and then the 55.518 ny high next
Oil and Middle East headlines remain the dominant driver and could abruptly reset this read
Fri 13:45 UTC S&P PMIs and 14:00 UTC UoM inflation expectations could materially shift this read
17:32 UTC
Downtrend, small bounce off the lows · RSI 31 · price 54.855
Lower highs and lower lows through NY; YTD low undercut and marginally reclaimed.
Silver extended the Asia slide from 57.9 into NY. Oil-driven inflation fears and the jobless claims beat pushed price through 55.00 and briefly under the 54.77 ytd low to a 54.662 session low. Late in the NY session price is back just above 54.77, with RSI(14) near 31 making a higher low against the 13:30 UTC flush, but the lower-high chain of 56.03, 55.518 and 55.10 is intact and the 54.99 prior low now caps.
Support: 54.77, 54.662
Resistance: 54.99, 55.518
What it said to watch
Failure to hold 54.77 ytd low turns the undercut into continuation below the 54.662 session low
M15 close above the 54.99 prior low breaks the lower-high sequence since 14:45 UTC
55.518 lower high lines up with the 61.8% of the NY selloff fib; area to watch for rejection or break
Oil / Middle East headlines remain the main driver overnight; Fri 13:45 UTC flash PMIs are the next scheduled risk
Lower highs and lower lows through NY; London range broken.
Oil-driven liquidation carried silver from 57.88 to 55.78 in Asia. The 13:30 UTC flush broke the 55.65 london low and the 55.00 handle, and the 55.52 bounce high faded into a clean lower-highs sequence. Late in the NY session price is sitting on the 54.77 ytd low after a 54.66 session low, with RSI(14) at 28 and no reversal structure printed.
Support: 54.77, 54.662, 54.39
Resistance: 54.991, 55.518, 55.646
What it said to watch
An M15 close back above the lower-highs line and the 54.99 spike low would be the first break in the NY sequence; the 38.2% fib of the NY leg sits near 55.18
Sustained trade below the 54.66 session low confirms the break of the 54.77 ytd low and leaves 54.39 as the next level
A reclaim of the 55.52 bounce high and the 55.65 london low would neutralise the intraday downtrend read
Fri 13:45 UTC PMIs and 14:00 UTC UoM inflation expectations could materially shift this read; oil headlines remain the overnight driver
Lower-high sequence from 55.52 bounce high, pressing the YTD low.
Silver's liquidation leg extended in NY hours on oil-driven inflation fears and the claims beat, cracking the 55.00 round number at 13:30 UTC. The bounce stalled at the 55.52 bounce high (near the 61.8% fib of the 56.03–54.66 leg). Lower highs at 55.33 and below have since pressed price to a 54.66 session low, briefly under the 54.77 YTD low, with RSI(14) near 32 after London close.
Support: 54.77, 54.662
Resistance: 55.00, 55.328, 55.518
What it said to watch
M15 closes below the 54.66 session low confirm acceptance under the 54.77 YTD low
Reclaim of the 55.00 round number and the descending trendline breaks the lower-high chain; 55.33 lower high next
Failure to hold back above the ytd low after the dip keeps the lower-high sequence in control
Fri 13:45 UTC PMIs and 14:00 UTC UoM inflation expectations could materially shift this read
Lower highs and lower lows through Asia, London and NY; London range broken.
Silver's liquidation leg ran through NY. Price broke the 55.65 London low and has now pierced the 54.77 YTD low, printing a fresh session low at 54.746 as oil-driven inflation fears and hawkish Fed pricing weigh. The NY bounce stalled at the 55.52 swing high, near the 61.8% of the NY decline, keeping the lower-highs sequence intact. RSI(14) near 24 is stretched but not extreme.
Support: 54.746, 54.39
Resistance: 54.77, 54.991, 55.518
What it said to watch
Sustained trade below the 54.77 ytd low exposes the 54.39 next level cited in the digest
A reclaim of the 54.99 prior low would point to a false break of the YTD low
An M15 close above the 55.52 swing high breaks the lower-highs trendline
Oil and Middle East headlines, then Fri 13:45 UTC PMIs, could materially shift this read
Lower highs and lower lows since Asian range low broke.
London broke the 55.777 Asian low. The 13:30 UTC NY flush then printed a session low at 54.894, just above the 54.77 YTD low, as oil-driven Fed-hike pricing kept pressure on silver. The bounce high at 55.518 and the lower high at 55.328 cap the recovery, and RSI(14) sits near 29.
Support: 54.894, 54.77
Resistance: 55.328, 55.518, 55.777
What it said to watch
Failure to hold 54.77 YTD low extends the lower-low sequence
M15 close above 55.328 lower high breaks the descending trendline and the micro-structure
Reclaim of 55.777 Asian low would neutralise the London break
Oil/Middle East headlines and Fri 13:45 UTC US PMIs could materially shift this read
Lower highs pressing the 54.99 session low after London range break.
The Asia session liquidation took silver from 57.88 to 55.78. London then ranged 55.65–56.13 until the NY session broke the London low and set a 54.99 session low, as oil-driven Fed-hike pricing and the jobless claims beat weighed. The bounce stalled at the 55.52 bounce high, and the chain of lower highs since has pushed price back onto the session low at 55.00. RSI(14) is near 31, not yet at an extreme.
Support: 54.991, 54.77
Resistance: 55.328, 55.518, 55.646
What it said to watch
An M15 close below the 54.99 session low exposes the 54.77 ytd low
A close above the 55.33 lower high breaks the lower-highs trendline; above the 55.52 bounce high, the 55.65 london low is next
Fri 13:45 UTC S&P PMIs and 14:00 UTC UoM inflation expectations could materially shift this read
Oil headlines remain the main intraday driver of the move
Silver's Asia-to-London slide extended at the NY open after the jobless-claims beat firmed USD. Price broke the 55.646 london low from the 56.027 claims high and printed a 54.991 session low. The bounce was rejected at the 55.518 bounce high, the 50% retracement of the NY sell-off. Price is grinding beneath the lower-highs line late in NY hours, with RSI(14) near 31.
Support: 54.991, 54.77
Resistance: 55.518, 55.646, 56.027
What it said to watch
Close below the 54.991 session low exposes the 54.77 ytd low
M15 close above the 55.518 bounce high breaks the lower-highs line and reopens the 55.646 london low
Oil headlines remain the dominant driver; Friday's 13:45 UTC PMIs and 14:00 UTC UoM inflation expectations could materially shift this read
Lower highs compressing onto a 55.11 base above the 54.99 NY session low.
Silver extended its oil and Fed-driven liquidation in the NY session. It fell from the 56.03 pre-NY high through the 55.73 breakdown area and the 55.65 London low, printing a 54.991 session low. The bounce stalled at the 55.518 bounce high, the 50% fib of that leg, and lower highs since have pressed price onto a 55.11 base, with RSI(14) near 30 and price below both EMAs.
Support: 55.11, 54.991, 54.77
Resistance: 55.518, 55.73, 56.027
What it said to watch
Loss of the 55.11 base exposes the 54.991 session low, then the 54.77 ytd low
M15 close above the lower highs line and the 55.518 bounce high breaks the lower-high sequence, with the 55.73 breakdown level next
Oil and Middle East headlines remain the dominant driver intraday; Fri 13:45 UTC PMIs and 14:00 UTC UoM inflation expectations are the next scheduled risk
15:32 UTC
Downtrend, pausing after a fresh low · RSI 37 · price 55.196
Lower highs since 56.544; tight base 55.11–55.52 above the 54.991 session low.
The Asia-session liquidation carried through London. Around the NY open price broke the London low at 55.646 and set a session low of 54.991, as oil-driven inflation fears and the jobless-claims beat kept Fed hike pricing firm. Since then a tight consolidation has held above the 55.11 base low, with the 55.518 bounce high rejected at the 50% fib of the leg from the 56.027 lower high. Price trades below a descending lower-high trendline, and RSI(14) sits near 37, not oversold.
Support: 55.112, 54.991, 54.77
Resistance: 55.518, 55.646, 56.027
What it said to watch
A break of the 55.11 base low and the 54.991 session low exposes the 54.77 ytd low
An M15 close above the 55.518 bounce high reopens the 55.646 london low and the 61.8% fib
A break of the lower-high trendline, near 55.84 now, invalidates the lower-high sequence
Oil headlines remain the intraday driver; Friday's US flash PMIs (13:45 UTC) and UoM inflation expectations (14:00 UTC) could materially shift this read
Lower highs from 56.54; NY broke the London low and printed a new low at 54.99.
Asia did most of the damage, taking silver from 57.88 to 55.78. London then capped a lower-high sequence near the 56.03 swing high, and NY broke the 55.64 London low to a 54.99 NY low, a 3-month low, as the oil-driven inflation scare firmed Fed-hike pricing. The bounce stalled at the 55.52 bounce high, the 50% of the NY drop fib, and price has faded back to 55.15 with RSI(14) near 34.
Support: 54.991, 54.77
Resistance: 55.518, 55.64, 56.027
What it said to watch
M15 close below the 54.99 NY low extends the lower-low chain toward the 54.77 YTD low
Recovery above the 55.52 bounce high and the 55.64 London low would neutralise the NY breakdown
A move through the 56.03 swing high breaks the lower-highs line
Oil and Middle East headlines are the live driver; de-escalation news has triggered sharp short-covering this week. No scheduled US data in the next 8h
15:05 UTC
Downtrend, first bounce stalling · RSI 35 · price 55.25
Lower highs and lower lows through Asia, London and NY; NY flush low under 55.00 being retraced.
Silver bled lower from 57.85 through Asia and London. The oil-driven Fed-hike scare and the 194K claims beat pushed it into a first-hour NY flush to a session low at 54.991, a brief sweep under the 55.00 psych. The rebound met rejection at the 55.518 bounce high, the 50% fib of the 56.03–54.99 leg, and price sits below the broken london low with RSI(14) near 35.
Support: 54.991, 54.77
Resistance: 55.518, 55.646, 56.027
What it said to watch
Failure to hold the 54.991 session low extends the lower-low chain toward the 54.77 ytd low
M15 close above the 55.518 bounce high (50% fib) reopens the 55.646 london low; the 56.027 ny swing hi caps the lower-highs line
Middle East / oil headlines can trigger sharp intraday swings; ATR near 240 pips
Fri PMIs 13:45 UTC and UoM inflation expectations 14:00 UTC could materially shift this read
14:47 UTC
Downtrend, early NY bounce stalling · RSI 38 · price 55.356
Lower highs since Asia; NY breakdown with a shallow higher low.
Oil-driven inflation fears and the claims beat extended the lower-high sequence from Asia. In the first hour of NY, silver broke the 55.65 breakdown area and hit an NY low at 54.991, just above the 54.77 YTD low. The bounce is stalling at the 55.40 bounce high, near the 38.2% retrace of the NY drop, with a higher low at 55.12 and RSI(14) near 38.
Support: 55.123, 54.991, 54.77
Resistance: 55.404, 55.65, 56.027
What it said to watch
A close above the 55.40 bounce high and back over the 55.65 breakdown level would mark a deeper retrace of the NY drop toward the 56.03 swing high.
Failure to hold the 55.12 higher low and the 54.99 NY low exposes the 54.77 YTD low.
Lower highs trendline from 56.54 caps the sequence; an M15 close above it invalidates the downtrend read.
Oil and Middle East headlines are the main driver; a de-escalation headline could trigger a sharp bounce.
Lower highs and lower lows through Asia, London and NY; London range broken lower.
Silver sold off from 57.88 through Asia as oil-driven inflation fears and a claims beat lifted USD and yields. NY hours broke the 55.65 london low and printed a session low at 54.99. Price is now bouncing to the 38.2% retracement near 55.39, below the 56.03 lower high and the falling trendline.
Support: 54.991, 54.77
Resistance: 55.646, 56.027
What it said to watch
Failure to hold the 54.99 session low exposes the 54.77 ytd low
Recovery back above the 55.65 london low (61.8% fib) would mark the breakdown as a false break
An M15 close above the 56.03 lower high and the falling trendline breaks the lower-high chain
Oil and Middle East headlines remain the live driver; US PMIs and UoM inflation expectations Fri 13:45–14:00 UTC could materially shift this read
Lower highs through London, London low broken at NY open.
Silver ground out a lower-high chain from 56.544 to 56.027 through London. After the jobless claims beat, the first hour of NY broke the 55.646 London low and tagged a NY low of 54.991. The bounce has stalled at a 55.339 bounce high, under the 38.2% of the NY drop fib, with RSI(14) near 32 as oil-driven inflation fears keep pressure on.
Support: 54.991, 54.77
Resistance: 55.339, 55.646, 56.027
What it said to watch
Failure to hold the 54.991 ny low exposes the 54.77 ytd low
M15 close back above the 55.646 london low negates the range break
Close above the lower-high trendline near the 56.027 lower high breaks the intraday sequence
Oil and Middle East headlines remain the live driver; de-escalation reports could trigger a sharp rebound
14:04 UTC
Downtrend, fresh leg lower in NY · RSI 29 · price 55.181
Lower highs since Asia; London range broken to the downside.
Silver bled from 58.03 through the Asia session as the oil-driven inflation scare and firm claims weighed. It then held a 55.65–56.13 London range before the first hour of NY broke the london low and printed a session low at 54.99. RSI(14) is near 29 and price is pinned under the lower-highs trendline. The current 54.99–55.28 bar sits just above the ytd low at 54.77.
Support: 54.991, 54.77
Resistance: 55.646, 56.027
What it said to watch
Failure to hold the 54.99 session low exposes the 54.77 ytd low
Recovery back above the 55.65 london low would mark the NY break as a false break
M15 close above the lower-highs trendline (~55.93) and the 56.03 lower high breaks the intraday down sequence
Oil and Middle East headlines remain the live driver; a de-escalation report risks a sharp squeeze
US PMIs and UoM inflation expectations Fri 13:45–14:00 UTC could materially shift this read
Lower highs since 56.544; London range broken lower at NY open.
Silver broke the London low at 55.646 in the first hour of NY. A 54-cent bar took price to a session low at 55.053 as the oil-driven inflation scare kept pressure on. The lower-highs chain from the 56.544 rebound high through 56.027 is intact, and RSI(14) near 24 is stretched but not yet sub-20.
Support: 55.053, 54.77
Resistance: 55.646, 56.027, 56.544
What it said to watch
M15 close back above the 55.646 london low would mark the NY break as a false break
Failure to hold the 55.053 session low leaves the 54.77 ytd low next in line, about 30 cents lower
M15 close above the 56.027 lower high breaks the lower-highs sequence
Oil and Middle East headlines remain the live driver; a de-escalation report could spark a sharp rebound
LH/LL chain since the London high; NY extending session lows.
Silver broke below the Asian range low during London, and each bounce since has formed a lower high, with oil-driven inflation fears weighing. The post-claims pop to the 56.027 lower high was rejected inside one bar, and early NY has set a new session low at 55.576. RSI(14) at 37 is soft but not stretched.
Support: 55.576, 55.50
Resistance: 56.027, 56.544
What it said to watch
Close below the 55.576 session low extends the lower-low chain toward the 55.50 round number
Close above the 56.027 lower high breaks the descending trendline and the lower-high sequence
Recovery through the 56.544 london high and the top of the fib would negate the intraday downtrend
Oil or Middle East de-escalation headlines could trigger a sharp bounce against the trend
13:17 UTC
Downtrend, grinding lower · RSI 39 · price 55.696
Lower highs and lower lows, fresh session low in early NY.
Silver has slid from the 58.03 high through Asia and London as an oil-driven inflation scare revived Fed-hike bets. The 56.126 lower high and a descending line capped the London grind. In the first hour of NY the post-claims spike to 56.027 (claims high) was rejected, and the 13:00 bar printed a fresh session low at 55.631, with RSI(14) near 39 and not at an extreme.
Support: 55.631, 55.38, 55.00
Resistance: 56.027, 56.126, 56.544
What it said to watch
Failure to hold the 55.631 session low extends the lower-low chain toward the last wk low at 55.38, then the 55.00 round number
M15 close above the 56.027 claims high breaks the descending line and the lower-high sequence, exposing the 56.126 lower high
A recovery into the 56.544 asia bounce, which is also the 38.2% retrace of the drop from 58.03, would mark a deeper correction of the slide
Oil and Middle East headlines remain the swing factor; de-escalation news could trigger sharp short-covering against the downtrend
13:05 UTC
Downtrend, compressing near lows · RSI 43 · price 55.767
Lower highs capping a tight 55.65–56.13 range.
Silver slid through Asia and London from 57.85 to a 55.646 session low as oil-driven Fed-hike fears weighed, then compressed into a 55.65–56.13 range. The first hour of NY bounced after the 194K claims beat but faded from a 56.03 lower high, under the 56.13 London high, with RSI(14) near 43 and price below both EMAs.
Support: 55.646, 55.38
Resistance: 56.027, 56.126, 56.544
What it said to watch
M15 close below the 55.646 session low resumes the lower-low sequence, with 55.38 last wk low the next reference
Reclaim of the 56.13 London high breaks the lower-high chain and brings the 56.21 fib 23.6% and the 56.54 bounce high into play
Oil and Middle East headlines are the dominant driver; de-escalation news could trigger a sharp squeeze through the range top
Lower highs and lower lows, small base at 55.65–55.97.
The Asia session carried the leg from 57.88 to the 55.777 asian low, and London printed a 55.646 session low on oil-driven Fed-hike pricing. Lower highs at 56.544, the 56.155 london high and the 55.972 swing high keep the descending trendline intact, and the 56.544 lower high sits on the 38.2% fib. RSI(14) near 38 is soft but not oversold.
Support: 55.777, 55.646
Resistance: 55.972, 56.155, 56.544
What it said to watch
US Initial Jobless Claims at 12:30 UTC (f/c 200K) lands into the NY open and could materially shift this read
M15 close above the 55.972 swing high and descending trendline breaks the lower-high chain, with the 56.155 london high next
Failure to hold the 55.646 session low confirms a fresh lower low
56.544 lower high at the 38.2% fib caps any wider rebound
LH/LL chain; London broke the Asian low and is consolidating just under it.
Oil-driven Fed-hike pricing has kept silver offered all session. The 57.06–56.65 Asia slide extended through the Asian low at 55.777 late in London, printing a 55.646 session low. Lower highs at the 56.544 swing high and 56.126 London high define the down trendline, and the last four bars are holding just under the broken Asian low.
Support: 55.646, 55.00
Resistance: 55.777, 56.126, 56.544
What it said to watch
US Initial Jobless Claims at 12:30 UTC (f/c 200K) lands at the NY open and could materially shift this read
M15 close back above the 55.777 Asian low would mark the break as a false break
Failure to hold the 55.646 session low extends the lower-low chain toward the 55.00 round number
Close above the 56.126 London high breaks the down trendline and the lower-high sequence
Lower highs since the 56.544 bounce high; London range low and Asian low broken.
Silver slid through Asia from 57.88 on oil-driven Fed-hike pricing. Late London has now broken the Asian low at 55.777 and printed a session low at 55.646. Supply capped the London high at 56.126, under the lower-high trendline from the 56.544 bounce high, and RSI(14) near 38 is not yet stretched.
Support: 55.646, 55.00
Resistance: 55.777, 56.126, 56.544
What it said to watch
US Initial Jobless Claims at 12:30 UTC (15:30 broker) could materially shift this read
M15 close back above the asian low at 55.777 would mark the break as a false break
A close below the session low at 55.646 extends the lower-low chain toward the 55.00 round number
A close above the london high at 56.126 breaks the lower-high trendline; 56.544 bounce high above
London range floor at 55.80 giving way to a fresh session low.
Silver bled from 57.88 to 56.29 through the Asian session as oil-driven Fed-hike pricing weighed. Early London ranged 55.78–56.13 under the 56.54 swing high. The 56.13 lower high capped late London, and price has now slipped through the 55.80 range floor to a fresh session low at 55.67, with RSI(14) at 37, not yet oversold.
Support: 55.666, 55.38
Resistance: 55.80, 56.126, 56.544
What it said to watch
US Initial Jobless Claims at 12:30 UTC (f/c 200K) could materially shift this read at the NY open
Recovery back above the 55.80 range floor would mark the break as a false break
Failure to hold the 55.67 session low leaves 55.38 as the next support cited in market commentary
M15 close above the 56.13 lower high breaks the lower-high chain; the 56.54 swing high sits above
11:03 UTC
Downtrend, compressing at the lows · RSI 40 · price 55.824
Lower highs into a tight London range pinned to the Asian low.
Asia session carried the oil- and hike-driven slide from 57.85 to the 55.78 session low. London has since held a 55.78–56.13 range with lower highs off the 56.54 bounce high, and a fourth test of the session low is in play mid-London with RSI(14) near 40.
Support: 55.78, 55.38, 55.00
Resistance: 56.126, 56.38, 56.544
What it said to watch
M15 close below 55.78 session low resumes the downtrend toward 55.38 next support and the 55.00 round number
Close above the 56.13 london high breaks the lower-high trendline and exposes the 56.38 asia shelf, then the 56.54 bounce high
US Initial Jobless Claims at 12:30 UTC, around NY open, could materially shift this read
10:32 UTC
Downtrend, stalling into a base · RSI 46 · price 56.066
London compressing in a 55.80–56.13 band above the Asian low.
The Asia session extended the slide from 58.03 to a 55.777 Asian low as oil-driven yield pressure weighed on silver. London has since compressed between the 55.80 session low and the 56.13 session high, with demand absorbing four tests of the floor. Price is sitting just under the 23.6% of the Asia leg fib near 56.31, and RSI(14) is neutral near 46.
Support: 55.80, 55.777
Resistance: 56.126, 56.38, 56.544
What it said to watch
M15 close above the 56.13 session high opens the 56.38 prior shelf, then the 56.54 swing high
Failure to hold the 55.80 session low and the 55.777 Asian low confirms a lower-low
US Initial Jobless Claims at 12:30 UTC (f/c 200K) could materially shift this read
Silver fell from 57.85 to a 55.777 session low during the Asia session and early London as the oil-driven yield bid weighed on the metal. Mid-London trade has held a tight 55.80–56.10 range, with a line of lower highs from the 56.544 bounce high pressing down on price. RSI(14) sits near 40 and price is below both EMAs.
Support: 55.777
Resistance: 56.10, 56.38, 56.544
What it said to watch
An M15 close above the 56.10 london high breaks the lower-highs line and brings the 56.38 asia shelf into view.
The 56.544 bounce high is the top of the post-low rebound. Reclaiming it would negate the breakdown leg.
Failure to hold the 55.777 session low would extend the downtrend leg toward the 55.38 area cited in the news.
US Initial Jobless Claims at 12:30 UTC (f/c 200K), about 2h out, could materially shift this read.
10:04 UTC
Downtrend, compressing near lows · RSI 39 · price 55.905
Lower highs over a flat 55.80 base.
The oil-driven selloff ran through the Asia session, taking silver from 58.03 to a 55.78 day low. The 06:00 UTC bounce stalled at the 56.54 swing high, short of the 38.2% selloff fib. London has compressed into a 55.80–56.10 band under a descending trendline, with RSI(14) near 39 and price below both EMAs.
Support: 55.777, 55.00
Resistance: 56.102, 56.544
What it said to watch
A close below the 55.78 day low resumes the downtrend, with the 55.00 round number next.
A break of the descending trendline and the 56.10 London high opens the 56.54 swing high and the 38.2% selloff fib near 56.64.
US Initial Jobless Claims at 12:30 UTC (f/c 200K) could materially shift this read.
Lower highs (56.54, 56.10) against a flat 55.78–55.84 floor.
The Asia session did the damage: silver fell from 58.03 to the 55.78 asia low as the oil-driven yield and inflation pressure weighed. Since London open, price has compressed under a descending trendline from the 56.54 rebound high, with a fresh lower high at 56.10 and buyers holding 55.80–55.84 three times. RSI(14) sits near 33, short of oversold, and ATR runs about 185 pips.
Support: 55.777
Resistance: 56.102, 56.38, 56.544
What it said to watch
M15 close below the 55.78 asia low extends the lower-low sequence out of the compression
Close above the 56.10 lower high breaks the descending trendline; the 56.38 prior base and the 38.2% retrace near 56.64 sit above
Reclaim of the 56.54 rebound high would neutralise the post-Asia lower-high structure
US Initial Jobless Claims at 12:30 UTC (f/c 200K) could materially shift this read
09:17 UTC
Downtrend, pausing near lows · RSI 39 · price 55.988
Lower highs from 56.54 bounce, tight London base 55.80–56.10.
The Asia session carried a slide from the 58.03 late-NY high to the 55.777 asia low, driven by a fresh crude rally that stoked inflation and Fed-hike fears. Mid-London, price is compressing in a 55.80–56.10 base under a sequence of lower highs from the 56.54 bounce high, with RSI(14) near 39 off its lows and price below both EMAs.
Support: 55.777
Resistance: 56.102, 56.30, 56.544
What it said to watch
M15 close below the 55.777 asia low resumes the downtrend leg, with the 54.77 YTD low the next reference
Reclaim of the 56.10 london high and the 56.30 prior shelf (23.6% of the slide) breaks the consolidation; the 56.54 bounce high caps above
US Initial Jobless Claims 12:30 UTC (15:30 broker, f/c 200K) could materially shift this read
Oil reversal on US–Iran de-escalation headlines would undercut the inflation-fear driver behind the slide
09:05 UTC
Downtrend, compressing near lows · RSI 40 · price 55.849
Lower highs from 56.54 into a flat 55.78–55.84 base.
The Asia session drove the oil-driven slide from 57.85 to a 55.78 session low. The 05:45 UTC rebound was capped at the 56.54 rebound high. London has compressed in a 55.84–56.10 band under a lower-high trendline, and price is back on the london low with RSI(14) near 40.
Support: 55.835, 55.777
Resistance: 56.102, 56.544
What it said to watch
M15 close below the 55.78 session low extends the lower-low sequence of the 58.03–55.78 leg
Close above the 56.10 london high breaks the lower-high trendline and exposes the 56.54 rebound high, with the 38.2% fib near 56.64 above it
US Initial Jobless Claims at 12:30 UTC (f/c 200K) could materially shift this read
Oil reversal on Iran headlines could reverse the inflation-fear move behind the slide
Lower-high chain from 58.03; early London basing at 55.83 above the 55.777 Asia low.
Asia session saw a slide from 57.85 to a 55.777 session low as oil-driven inflation fears lifted yields. Early London has printed twin lows at 55.835, above that low, with the 56.155 London high capping the bounce. Price sits below EMA20 and EMA50 with RSI(14) near 43, well inside the 58.03–55.78 decline fib.
Support: 55.835, 55.777
Resistance: 56.155, 56.38, 56.544
What it said to watch
M15 close above the 56.155 london high breaks the early-London lid and exposes the 56.38 asian shelf
Reclaim of the 56.544 bounce high puts the 38.2% fib of the decline at 56.64 in play
Failure to hold the 55.835 twin lows, then the 55.777 session low, extends the lower-low chain
US Initial Jobless Claims at 12:30 UTC (f/c 200K) could materially shift this read
08:32 UTC
Downtrend, pausing above the Asia low · RSI 39 · price 55.958
Lower highs at 56.54 and 56.08; London basing at 55.83-55.84 just above the 55.78 Asia low.
Silver bled through the Asia session from 57.88 to a 55.78 asia low. The slide broke the 56.30 prior shelf as crude-driven inflation and Fed-hike fears weighed. Ninety minutes into London, price has held the 55.83-55.84 london low twice beneath a 56.08 lower high, with RSI(14) near 39 and not yet at an extreme.
Support: 55.835, 55.777
Resistance: 56.083, 56.30, 56.544
What it said to watch
M15 close below the 55.78 asia low extends the lower-low sequence
Reclaim of the 56.08 lower high, then the 56.30 prior shelf, would break the lower-high line
56.54 swing high caps the post-Asia bounce, just shy of the 38.2% of the drop fib
US Initial Jobless Claims at 12:30 UTC (15:30 broker) could materially shift this read
08:17 UTC
Downtrend, grinding lower into London · RSI 35 · price 55.901
Lower highs under falling trendline; London holding just above Asian low.
Silver bled through the Asia session from 57.85 and broke the 56.38 range floor as oil-driven inflation fears lifted Fed-hike bets. The 05:45 UTC flush to the 55.777 Asian low drew a sharp bounce, but it stalled at 56.544. Since the London open, price has stepped lower beneath the falling trendline, with the London low at 55.835 so far holding above the Asian low.
Support: 55.835, 55.777
Resistance: 56.155, 56.38, 56.544
What it said to watch
M15 close below the 55.777 Asian low extends the lower-low chain
Reclaim of the 56.155 London high and the falling trendline would break the lower-high sequence
Move back above the 56.38 range floor and 56.544 bounce high would undercut the breakdown read
US Initial Jobless Claims at 12:30 UTC (f/c 200K) could materially shift this read in NY hours
Lower-high/lower-low chain; early London pressing back toward the Asian low.
Silver bled from 57.88 through the Asia session to a 55.777 Asian low, and the bounce faded at the 56.544 lower high below the falling highs trendline. Early London has retested the low area, with a 55.836 London low so far. The digest ties the slide to oil-driven inflation and Fed-hike fears. RSI(14) near 35 is soft but not stretched.
Support: 55.836, 55.777, 55.50
Resistance: 56.30, 56.544
What it said to watch
Break below 55.836 london low and the 55.777 asian low extends the lower-low chain, exposing the 55.50 round number
Recovery above the 56.30 prior shelf and the falling highs trendline would neutralise the London drift
M15 close above 56.544 lower high breaks the intraday downtrend read
US Initial Jobless Claims 12:30 UTC (f/c 200K) ahead of NY open could materially shift this read; oil/Iran headlines also in play
07:49 UTC
Downtrend, lower highs into London · RSI 38 · price 55.99
LH/LL chain; Asia breakdown below range floor, London pressing session low.
Silver slid through the Asia session from the 58.03 late-NY high, breaking the 56.38 range floor to a 55.78 swing low as oil-driven inflation fears weighed. The 56.54 bounce high stalled short of the 38.2% fib of the Asia slide, and London has printed lower highs back to the 55.94 session low with RSI(14) near 38, not yet oversold.
Support: 55.935, 55.777
Resistance: 56.137, 56.38, 56.544
What it said to watch
Break of the 55.78 swing low extends the lower-low chain
M15 close above the 56.14 lower high breaks the London lower-highs trendline
Reclaim of the 56.38 range floor neutralises the breakdown; 56.54 bounce high above
US Initial Jobless Claims 12:30 UTC could materially shift this read
Asia sell-off, failed bounce, lower high into London.
Asia ran one-way from 57.85 to a 55.777 session low as oil-driven yield pressure weighed. The 05:45 UTC flush reversed to a 56.544 bounce high that stalled below the fib 38.2%. Early London has printed a lower high and a 55.984 london low, with price pinned near 56.00 under the Asia downtrend line and RSI(14) ~37.
Support: 55.984, 55.777
Resistance: 56.30, 56.544
What it said to watch
M15 close below the 55.777 session low extends the lower-low chain toward the 55.38 three-month low
Reclaim of the 56.30 broken low and the Asia downtrend line weakens the sell-off read
Close above the 56.544 bounce high breaks the lower-high sequence
US Initial Jobless Claims at 12:30 UTC (f/c 200K) could materially shift this read
Lower highs from 58.03; 55.78–56.54 consolidation.
Silver extended its slide from the 58.03 late-US high through the Asia session, with oil-driven yield pressure behind it, before printing an Asia low at 55.777 and bouncing to 56.544. That bounce stalled near the 38.2% fib. The first hour of London is coiling below the descending trendline, holding a London low at 55.984 under a lower high at 56.32.
Support: 55.984, 55.777
Resistance: 56.32, 56.544
What it said to watch
M15 close above the 56.544 bounce high and the descending trendline breaks the lower-high sequence
Failure to hold 55.777 Asia low resumes the downtrend leg toward the 55.38 area
Rejection at the 56.32 lower high keeps the 55.78–56.54 consolidation capped
US Initial Jobless Claims at 12:30 UTC (f/c 200K) could materially shift this read
The Asia session extended the slide from the 58.03 late-NY high to a 55.78 sweep low. The rebound stalled at a 56.54 lower high, just under the fib 38.2, as oil-driven yield pressure kept silver heavy. At the London open price is back near the 56.00 round number, with RSI(14) near 38 and ATR(14) around 200 pips.
Support: 56.00, 55.777
Resistance: 56.308, 56.544, 56.637
What it said to watch
Failure to hold the 56.00 round number exposes the 55.78 asia low.
An M15 close back above fib 23.6 at 56.31, then the 56.54 lower high, would break the Asia lower-high sequence and bring fib 38.2 at 56.64 into play.
US Initial Jobless Claims at 12:30 UTC (f/c 200K) could materially shift this read via yields and the USD.
06:48 UTC
Downtrend, lower highs through Asia · RSI 38 · price 56.128
Lower-high/lower-low chain; failed rebound under broken shelf.
Asia session extended the slide from the 58.03 prior-day high, breaking the 56.29–56.43 consolidation, the broken shelf now capping near 56.38, as oil-driven yield pressure weighed. A sweep to the 55.78 swing low was rejected, but the rebound stalled at 56.54, the latest rebound high, and price is back near 56.13 just above the 56.00 psych level ahead of London open.
Support: 56.00, 55.777
Resistance: 56.38, 56.544
What it said to watch
Close back above the 56.54 rebound high breaks the lower-high chain and the falling highs line
Rejection at the 56.38 broken shelf keeps the Asia downtrend intact
Failure to hold the 55.78 swing low opens the 55.38 three-month low
US Initial Jobless Claims at 12:30 UTC (f/c 200K) could materially shift this read
The Asia session extended the reversal from Wednesday's late-NY 58.03 high. Oil-driven yield pressure took silver through 56.38 to a 55.78 session low. The bounce from there stalled at the 56.54 bounce high, just above the ema20 and below the fib 38.2, and price is holding near the 23.6% retracement at 56.31 ahead of London open with RSI(14) around 43.
Support: 56.211, 55.777
Resistance: 56.544, 56.637
What it said to watch
A close above the 56.54 bounce high and the fib 38.2 at 56.64 would break the Asia lower-high sequence
Failure to hold the 56.21 pullback low reopens the 55.78 session low
US Initial Jobless Claims at 12:30 UTC (f/c 200K) could materially shift this read
Lower highs through Asia; false break below 56.30 shelf reclaimed.
The Asia session extended Wednesday's slide as oil-driven yield pressure weighed. Price broke the 56.30 asia shelf to a 55.78 session low, then reclaimed it sharply to the 56.54 bounce high, piercing the Asian downtrend line. Price is pinned at EMA20 ahead of London open with RSI(14) near 43, and the 38.2% fib at 56.64 and the 56.84 swing high sit just overhead.
Support: 56.30, 55.777
Resistance: 56.544, 56.637, 56.841
What it said to watch
A close back below the 56.30 asia shelf negates the false break and reopens the 55.78 session low.
An M15 close above the 56.84 swing high breaks the Asian lower-high sequence.
Rejection at the 56.54 bounce high or the 38.2% fib keeps the downtrend read intact.
Initial Jobless Claims at 12:30 UTC (f/c 200K) could materially shift this read via yields and USD.
Lower highs and lows through Asia; sweep below the 56.29 shelf partly reclaimed.
Silver extended the decline from Wednesday's 58.03 NY high through the Asia session, stepping down in lower highs as oil-driven yield pressure weighed. The 05:45 UTC bar swept to 55.777, below the 56.29–56.39 broken shelf and the 56.00 round number, before closing back at 56.30. That leaves a long lower wick into London open, with RSI(14) lifting off the mid-20s to about 36.
Support: 56.00, 55.777
Resistance: 56.986
What it said to watch
A close back above the 56.39 broken shelf, which coincides with the 23.6% retrace of the decline fib, would reclaim the range floor; rejection there keeps the lower-high chain intact
Loss of the 56.00 round number and the 55.777 sweep low reopens the 55.38 three-month low
A recovery through the 56.99 swing high would break the Asia lower-high sequence
US Initial Jobless Claims at 12:30 UTC (f/c 200K) could materially shift this read
05:48 UTC
Downtrend, oversold into London open · RSI 19 · price 55.867
Lower highs and lower lows through Asia; 56.29–56.43 shelf broken.
Asia extended the slide from the 58.03 late-NY high, breaking below the 56.38 range floor and the 56.29–56.43 shelf. The latest push reached a 55.84 session low as oil-driven yield pressure keeps silver heavy. RSI(14) near 19 is deep oversold ahead of London open, and ATR is about 180 pips.
Support: 55.844, 55.38
Resistance: 56.38, 56.986
What it said to watch
Failure to hold the 55.84 session low exposes the 55.38 3m low
An M15 close back above the 56.38 range floor would mark the shelf break as a false break
Recovery through the 56.99 lower high, near the 50% of the Asia sell-off fib, breaks the lower-high chain
Initial Jobless Claims at 12:30 UTC could materially shift this read
05:32 UTC
Downtrend, stretched into late Asia · RSI 24 · price 56.074
Lower-high/lower-low chain; 56.38 range floor broken.
Silver has slid about $1.97 from the 58.03 post-NY rebound high, with the Asia session printing steady lower highs under a falling trendline and breaking the 56.38 range floor. Price is pressing a fresh session low at 56.06 just above the 56.00 round number, RSI(14) near 24, as oil-driven yield firmness keeps silver trading as a rate-sensitive asset.
Support: 56.057, 56.00
Resistance: 56.38, 56.666
What it said to watch
M15 close back above the 56.38 range floor would mark the break as a false break
Clearance of the 56.67 swing high ends the lower-high chain
Break above the falling trendline from 57.39 weakens the downtrend read
Failure to hold the 56.00 round number exposes the 55.38 three-month low
London open in ~1.5h, then US jobless claims at 12:30 UTC (f/c 200K), could materially shift this read
05:17 UTC
Downtrend, oversold · RSI 24 · price 56.218
Lower highs through Asia, 56.29–56.43 pause broken lower.
The Asia session extended the slide from yesterday's 58.03 late high to a 56.20 session low. Price slipped below the 56.38 range floor as oil-driven yield pressure weighs on silver. RSI(14) near 24 is oversold after an hour-long pause at 56.29–56.43 resolved lower, with London open still ahead.
Support: 56.204, 56.00
Resistance: 56.38, 56.666
What it said to watch
An M15 close back above the 56.38 range floor neutralises the break. The 56.67 swing high near the 23.6% fib is the next cap.
Failure to hold the 56.20 session low exposes the 56.00 round number.
London open (~07:00 UTC) and US Initial Jobless Claims at 12:30 UTC could materially shift this read.
05:05 UTC
Downtrend, oversold and stalling · RSI 23 · price 56.322
Asia lower-high chain, now basing 56.29–56.43 below range floor.
Asia session sold off from 57.88 through Wednesday's NY low at 56.93, with a chain of lower highs carrying silver to a 56.29 session low as oil-driven yield pressure weighs. Price is now stalling just under the 56.38 range floor with RSI(14) near 23 and ATR around 190 pips. The 23.6% fib of the 58.03–56.29 drop sits near 56.70, just above the 56.67 lower high.
Support: 56.289, 56.00
Resistance: 56.38, 56.666, 56.93
What it said to watch
Close back above the 56.38 range floor and then the 56.67 lower high would break the Asia lower-high chain
Loss of the 56.29 session low extends the sell-off toward the 56.00 round number
Reclaim of the 56.93 NY low and 38.2% fib near 56.95 would neutralise the Asia breakdown
US Initial Jobless Claims at 12:30 UTC (f/c 200K) could materially shift this read
Lower highs and lower lows through Asia, tight base at session low.
Asia session extended the slide from the 58.03 late-NY high, cutting through yesterday's 56.93 prior low as oil-driven inflation fears and firm yields weighed on silver. Price is now compressing just above the 56.29 session low, at the digest's 56.38 range floor, with RSI(14) near 22 and ATR around 205 pips. The 56.52 lower high caps the late-Asia drift ahead of London open.
Support: 56.289, 56.00
Resistance: 56.52, 56.93
What it said to watch
M15 close above the 56.52 lower high breaks the lower-high chain and opens the 23.6% fib of the 58.03-56.29 selloff near 56.70
Failure to hold the 56.29 session low confirms a break of the 56.38 range floor, exposing the 56.00 round number
Reclaim of the 56.93 prior low, also the 38.2% fib, would neutralise the Asia breakdown
Initial Jobless Claims at 12:30 UTC (f/c 200K) could materially shift this read
Lower highs and lower lows through Asia, compressing at the session low.
The Asia session unwound the NY rally to 58.03 and extended to a 56.29 session low. That move took out the 56.93 NY low and slipped under the 56.38 range floor as oil-driven yield pressure weighed on silver. Each bounce has been capped at the descending trendline. The last four bars are compressing near the low, with RSI(14) around 25.
Support: 56.289, 56.00
Resistance: 56.38, 56.804, 56.93
What it said to watch
M15 close back above the 56.38 range floor and the descending trendline would mark the break as a false break
Failure to hold the 56.29 session low exposes the 56.00 round number
Recovery through the 56.80 lower high and the 56.93 NY low, near the 38.2% of the Asia sell-off fib, would break the lower-high chain
London open in ~2.5h and US jobless claims at 12:30 UTC could materially shift this read
04:17 UTC
Downtrend, compressing at lows · RSI 27 · price 56.387
Asia lower-high/lower-low chain, below 56.38 range floor.
Asia session has been a one-way slide from 57.88 to a 56.297 asia low. Price broke yesterday's NY low at 56.93 and the 56.38 one-week range floor as oil-driven inflation fears kept yields firm. RSI(14) sits near 27, the last two bars are compressing just above the low, and the lower-high chain is intact with the latest lower high at 56.52.
Support: 56.297, 56.00
Resistance: 56.52, 56.93
What it said to watch
M15 close above 56.52 lower high breaks the Asia lower-high chain
Failure to hold 56.297 asia low exposes the 56.00 round number
Reclaim of 56.93 ny low, near the 38.2% of the Asia selloff fib, would negate the range break
London open in under 3h is the first test of the Asian range low
US jobless claims 12:30 UTC could materially shift this read
04:03 UTC
Downtrend, oversold · RSI 24 · price 56.354
Asia lower highs and lower lows, pressing range floor.
The Asia session sold off steadily from 57.85 to a 56.30 asia low. It sliced through yesterday's 56.93 NY spike low (ny low) and is now sitting on the 56.38 range floor that has held all week, with lower highs tracking a falling trendline. RSI(14) near 24 is stretched as oil-driven yield pressure keeps silver trading heavy.
Support: 56.297, 56.00
Resistance: 56.38, 56.804, 56.93
What it said to watch
M15 close back above the 56.38 range floor and the falling trendline would break the Asia lower-high chain
Failure to hold the 56.30 asia low leaves the 56.00 round number as the next reference
Recovery through the 56.80 swing high and the 56.93 ny low, near the 38.2% fib, needed to neutralise the Asia selloff
US jobless claims at 12:30 UTC and oil/Iran headlines could materially shift this read
03:49 UTC
Downtrend, RSI oversold · price 56.403
Lower-high chain through the Asia session, probing the range floor.
The Asia session has carved a steady lower-high sequence off the 58.03 late-NY high. It broke yesterday's 56.93 prior low and printed a 56.39 session low on the 56.38 range floor, with oil-driven yield pressure the backdrop. RSI(14) near 22 is stretched, and the latest 56.80 lower high is capping bounces.
Support: 56.38, 56.00
Resistance: 56.80, 56.93, 57.01
What it said to watch
Sustained M15 closes below the 56.38 range floor would extend the decline toward the 56.00 round number
A recovery above the 56.80 lower high and the 56.93 prior low would break the descending highs line
A reclaim of the 57.01 38.2% fib of the decline would neutralise the Asia sell-off read
US initial jobless claims at 12:30 UTC (~9h) and WTI/oil infrastructure headlines could materially shift this read
03:17 UTC
Downtrend, oversold · RSI 24 · price 56.466
Lower highs and lower lows through Asia; yesterday's spike low broken.
The Asia session extended the slide from the 58.03 late-NY high. It broke below yesterday's 56.93 spike low and kept printing lower highs under a descending trendline, with the current bar at a fresh session low of 56.47 and RSI(14) near 24. Oil-driven yield pressure has silver trading as a rate-sensitive asset, and the 56.38 range floor sits just below.
Support: 56.38, 56.00
Resistance: 56.80, 56.95, 57.39
What it said to watch
M15 close below the 56.38 range floor opens the 56.00 round number
Recovery above the 56.80 lower high and the 56.95 spike low would mark a stall in the Asian sell-off
Break of the descending trendline and the 57.39 swing high invalidates the lower-high chain; the 50% fib sits near 57.25
US Initial Jobless Claims at 12:30 UTC could materially shift this read
Lower highs and lower lows from 58.03 through the Asia session.
Asia session extended the slide from Wednesday's 58.03 late-NY high, breaking below the 56.93 ny spike low and printing a 56.58 session low as oil-driven yield and USD firmness weighed on silver. The lower-high chain is intact, with RSI(14) near 29 and only a shallow bounce off the low so far.
Support: 56.58, 56.38
Resistance: 56.93, 57.13, 57.39
What it said to watch
An M15 close back above the 56.93 ny spike low would turn the break into a false break
Failure to hold the 56.58 session low exposes the 56.38 range floor
A recovery through the fib 38.2% at 57.13 and the 57.39 lower high would break the lower-high sequence
US Initial Jobless Claims Thu 12:30 UTC (f/c 200K) could materially shift this read
02:32 UTC
Downtrend, lower highs through Asia · RSI 33 · price 56.892
Lower-high chain from 58.028; Wed low broken, early bounce off 56.65.
Asia session extended a lower-high sequence from Wednesday's 58.028 late high. Price broke the 56.93 wed low and printed a 56.65 asia low as oil-driven inflation fears lifted yields. Price is bouncing modestly with RSI(14) near 33, and the old wed low now sits overhead as the first cap.
Support: 56.65, 56.38
Resistance: 56.93, 57.09, 57.39
What it said to watch
Close back above the 56.93 wed low and the 57.09 breakdown level undercuts the range break read
Lower-high trendline and the 57.39 lower high intact keep the downtrend sequence in place
Failure to hold the 56.65 asia low exposes the 56.38 range floor
US Initial Jobless Claims at 12:30 UTC could shift yields and USD and alter this read
Lower highs and lower lows through the Asia session; Wednesday's 56.93 low broken.
Asia session has sold off steadily from the 57.88 open. The decline gave up the late-Wednesday recovery and broke the 56.93 prior low, printing a 56.65 session low as high yields keep pressure on silver. Each bounce has capped below the Asia trendline, and RSI(14) near 19 is deeply oversold with ATR(14) widening to about 190 pips.
Support: 56.65, 56.38
Resistance: 56.93, 57.39
What it said to watch
A reclaim of the 56.93 prior low would mark the break as a false break
Failure to hold the 56.65 session low exposes the 56.38 range low
A close above the 57.39 lower high and the Asia trendline breaks the lower-high chain; the 38.2% sell-off fib sits near 57.18
US Initial Jobless Claims at 12:30 UTC (f/c 200K) could materially shift this read
02:03 UTC
Downtrend, Asia session lower highs and lower lows · RSI 24 · price 57.003
Asia session at its lows, testing the prior low from yesterday's NY spike.
Asia session has unwound the whole late-NY rebound to the 58.028 prior high. It has printed lower highs at the 57.606 swing high and the 57.392 lower high, and a session low at 56.946, just above the 56.93 prior low left by yesterday's NY spike. RSI(14) near 24 is stretched but not extreme, with firm yields and the USD backdrop keeping silver heavy per the digest.
Support: 56.946, 56.93, 56.38
Resistance: 57.392, 57.606, 58.028
What it said to watch
M15 close below the 56.93 prior low extends the lower-low chain and exposes the 56.38 range low
M15 close above the 57.392 lower high breaks the Asia lower-highs trendline, with the 57.606 swing high next
Initial Jobless Claims at 12:30 UTC (f/c 200K) could materially shift this read
01:47 UTC
Downtrend, lower highs through Asia · RSI 29 · price 57.223
Stair-step lower highs from 58.03; Asia low 57.06 holding for now.
Asia session has unwound most of the late-NY rebound off the 56.93 spike low. The move has printed lower highs along a descending line from the reopen, tagging an Asia low at 57.06, and the latest bounce stalled at the 57.39 lower high. Firm yields and Fed-hike pricing keep silver heavy. RSI(14) near 29 is soft but not extreme.
Support: 57.06, 56.93
Resistance: 57.39, 57.606
What it said to watch
M15 close above the 57.39 lower high and the descending line breaks the Asia lower-high chain; 57.606 swing high is the next pivot above
Failure to hold the 57.06 asia low exposes the 56.93 spike low from the NY-session flush
Bounce into the 57.43 fib 38.2% of the 58.03–57.06 selloff is the first retracement marker
US Initial Jobless Claims Thu 12:30 UTC (f/c 200K) could materially shift this read later in the day
01:32 UTC
Intraday downtrend through Asia, bounce off lows · RSI 35 · price 57.38
Lower highs from 58.03; Asia low 57.06 holding for now.
A late-NY flush swept the 57.09 morning low to a 56.93 swing low and reversed to a 58.03 prior high. Mid-Asia session has since retraced roughly 60% of that rally in a chain of lower highs, with firm yields and oil-driven Fed-hike bets weighing. The 57.06 Asia low drew a long-wicked bounce, and price sits below both EMAs.
Support: 57.06, 56.93
Resistance: 57.61, 57.88, 58.03
What it said to watch
Close above the 57.61 lower high and the falling trendline breaks the Asia lower-high sequence
Failure to hold the 57.06 Asia low exposes the 56.93 swing low and the base of the late-NY rally fib
Reclaiming the 57.88 Asia high would put the 58.03 prior high back in play
US Initial Jobless Claims Thu 12:30 UTC (f/c 200K) could materially shift this read via yields and USD
01:17 UTC
Intraday downtrend through Asia · RSI 38 · price 57.311
Lower highs from the Asian open; sweep of 57.06 bounced, price below the 57.43 broken base.
Asia has handed back the late-NY V-rebound from the 56.93 NY low to 58.03, with descending highs off the 57.88 Asian high and a lower high at 57.61. The sweep of 57.06 bounced to 57.31, but price is still capped under the 57.43 broken base, which is also the 38.2% fib of the 58.03–57.06 leg. Firm yields and USD are keeping silver heavy, per the digest.
Support: 57.06, 56.93
Resistance: 57.43, 57.61, 57.88
What it said to watch
M15 close back above the 57.43 broken base and the descending-highs line weakens the Asia selloff read
Failure to hold the 57.06 asian low exposes the 56.93 ny low
Clearing the 57.61 lower high would put the 57.88 asian high back in play
US Initial Jobless Claims at 12:30 UTC (f/c 200K) could materially shift this read
Lower highs and lower lows since the daily open; most of the late-NY spike rally retraced.
Asia session has bled lower from the 57.882 Asia high in a clean lower-high chain. Price has cut through the fib 61.8 of the late-NY 56.93 spike low to 58.028 rally and is pressing Wednesday's 57.18 swing low. High yields and a firm USD keep silver heavy per the macro read; RSI(14) is near 33, soft but not stretched.
Support: 57.18, 57.092, 56.93
Resistance: 57.349, 57.606, 57.882
What it said to watch
M15 close back above 57.35 (fib 61.8) and the Asia lower-highs trendline would stall the bleed
Rejection at 57.606, the last lower high, keeps the chain intact
Failure to hold the 57.18 swing low exposes the 57.09 prior low and the 56.93 spike low
US Initial Jobless Claims 12:30 UTC (f/c 200K) could materially shift this read
00:48 UTC
Intraday downtrend, lower highs through Asia · RSI 39 · price 57.388
Lower-high/lower-low chain from 58.028; testing 61.8% of NY rally.
Asia session has steadily unwound the late-NY rally from the 58.028 prior high, printing lower highs along a descending line and a fresh asia low at 57.307. Price now sits on the 61.8% retrace of the 56.93 spike low to 58.028 move. RSI(14) is near 39 and price is below both EMAs, consistent with the digest's firm-yield, hike-pricing backdrop capping silver.
Support: 57.307, 57.144, 56.93
Resistance: 57.606, 58.028
What it said to watch
M15 close above the 57.606 lower high and the Asia downtrend line invalidates the lower-high read
Failure to hold the 57.307 asia low and the 61.8% retrace exposes the 57.144 swing low, then the 56.93 spike low
Reclaim of the 58.028 prior high would negate the Asia sell-off structure
US Initial Jobless Claims Thu 12:30 UTC (f/c 200K) could materially shift this read via yields and USD
00:32 UTC
Intraday downtrend, lower highs through Asia · RSI 31 · price 57.464
Asia unwinding late-NY rally; 57.43 asia low tested twice, near 50% fib.
Late NY's false break below the 57.09 london low to 56.93 V-reversed to a 58.03 ny high. Asia has since printed steady lower highs from the 57.85 asia open, retracing to the 50% fib of that rally. Demand has absorbed two tests of the 57.43 asia low, while the digest's firm yields and USD keep the 58.18 cap in place.
Support: 57.43, 57.35, 57.09
Resistance: 57.61, 57.85, 58.03
What it said to watch
M15 close below the 57.43 asia low exposes the 57.35 61.8% fib, then the 57.09 london low
Reclaim of the 57.61 minor high and the descending line from the ny high invalidates the Asia lower-high sequence
London open in ~6h typically expands the Asian range; ATR near 128 pips
US Initial Jobless Claims Thu 12:30 UTC (f/c 200K) could materially shift this read via yields and USD
00:17 UTC
Short-term down since Asia open, inside 56.93–58.03 range · RSI 46 · price 57.528
Late-NY sweep and reversal, now Asia lower highs retracing ~50% of the rally.
Late NY swept to 56.93 and rallied to a 58.03 NY high, but Asia has printed steady lower highs down to a 57.43 Asia low, about 50% of that rally, with price below EMA20/EMA50 and RSI(14) at 46. Firmer yields and USD are keeping silver capped below $58, per the digest.
Support: 57.43, 57.30, 56.93
Resistance: 57.61, 57.88, 58.03
What it said to watch
M15 close above the Asia lower-highs line and 57.61 (38.2% fib) breaks the Asian downtrend
Failure to hold the 57.43 Asia low exposes 57.35 (61.8%) and the 57.30 swing low
Reclaim of the 57.88 Asia high puts the 58.03 NY high back in play
A break below the 56.93 sweep low negates the late-NY reversal
US jobless claims at 12:30 UTC (f/c 200K) could reset this read via yields and USD
Lower highs every bar since the reopen, retracing the NY spike-low rebound.
Late NY swept the day's lows with a spike to 56.93, then rebounded to a 58.03 prior high. Asia has since given most of that back, with eight straight lower closes from the 57.85 asia open, and price now sits below the 50% fib of that swing. Firmer yields and USD per the digest keep silver heavy, and the 61.8% fib at 57.35 and the 57.30 swing low sit just below.
Support: 57.35, 57.30, 56.93
Resistance: 57.61, 57.85, 58.03
What it said to watch
M15 close below the 57.30 swing low exposes the 56.93 spike low
Break of the asia downtrend line and a hold above the 38.2% fib at 57.61 would interrupt the lower-high sequence
Reclaim of the 57.85 asia open puts the 58.03 prior high back in view
US Initial Jobless Claims Thu 12:30 UTC (f/c 200K) could materially shift this read