Lower highs from 62.07; week-long 52.66-54.54 base.
Silver has printed lower highs at 62.07, 61.44 and 58.59 across the window. Last Thursday's slide broke the 55.385 broken low as surging oil lifted Fed-hike bets. Since then price has based between the 53.00 base zone and a brief false break to the 52.657 ytd low, and is now back at 54.43, just above EMA20, while EMA20 stays below EMA50. ATR(14) near 790 pips is off the crash-day peak, but ranges remain wide.
Support: 53.00, 52.657
Resistance: 54.924, 55.385, 56.325
What it said to watch
FOMC decision Wed 18:00 UTC and Powell at 18:30 could materially shift this read; Thu core PCE adds follow-through risk
H4 acceptance above the 38.2% fib at 54.92 brings the 55.385 broken low into test
The 61.8% fib near 56.33 lines up with the lower-high trendline from 61.44; that zone caps the impulse retracement
A close back below the 53.00 base zone and the 52.657 ytd low resumes the lower-low sequence
17:05 UTC
Downtrend, oversold bounce off base · RSI 47 · price 54.506
Lower highs since 62.07; flat base 52.66-54.50 after the plunge.
Silver has printed lower highs since the 62.07 early-window peak. The 58.59 rebound high and 58.03 lower high gave way to a ~5% plunge through the 55.38 broken low, driven by oil-fuelled Fed-hike pricing and a firmer USD. Since then price has carved a flat base, with the base floor at 53.00 tested repeatedly and a marginal new ytd low at 52.66. The latest bars lift back above EMA20 toward the fib 38.2 at 54.92 while staying well under EMA50, and ATR(14) near 800 pips remains elevated rather than compressing.
Support: 53.00, 52.657
Resistance: 54.924, 55.385, 58.028
What it said to watch
Fed decision Wed 28 Oct 18:00 UTC and Powell's December-hike tone could materially shift this read
Rejection at the fib 38.2 near 54.92 keeps the base inside the lower highs sequence
H4 close back above the 55.38 broken low would mark the first repair of the drop
H4 close below the 52.66 ytd low after a break of the 53.00 base floor confirms a fresh lower-low
Thu 29 Oct core PCE (f/c 0.3% m/m) as post-FOMC follow-through risk
Lower highs and lower lows since 62.07; tight base 52.66–54.39.
Silver has printed successively lower highs from 62.07 through 61.44 and 58.59, with two impulsive legs lower that took out the 55.39 prior low and set a YTD low at 52.66, as a firm USD and roughly 90% December-hike odds weighed. Since then price has compressed into a 52.66–54.39 band below a flattening EMA20, with both EMAs stacked bearishly overhead and ATR(14) near 745 pips, still elevated after the flush. Supply has capped every push toward the range top, while the ytd low has absorbed two probes.
Support: 52.657, 50.00
Resistance: 54.393, 56.325
What it said to watch
H4 close below the 52.66 ytd low resumes the lower-low sequence, with the 50.00 psych handle the next reference
H4 close above the 54.39 range top would mark the first higher high since the drop, opening the 55.39 prior low and the 38.2–50% fib zone
Rally into the 56.33 fib 61.8 area would meet the descending lower-highs trendline
FOMC decision and Powell presser Wed 18:00/18:30 UTC could materially shift this read; core PCE Thu 12:30 UTC follows
Lower highs and lower lows; consolidation floor broken.
Silver has posted lower highs from 62.07 to 58.59 to 54.39, and the leg down from the 58.59 high has now cleared the 53.00 broken floor of the week-long consolidation. Price is printing a new low at 52.66, below both EMAs with EMA20 under EMA50, as oil-driven inflation fears and December-hike pricing keep USD firm into the Fed. ATR(14) near 770 pips stays elevated versus the mid-month base, and the 50.00 psych level is the next round-number reference below.
Support: 52.657, 50.00
Resistance: 53.00, 54.393, 55.385
What it said to watch
H4 close back above the 53.00 broken floor would turn the break into a false break and restore the 53.00-54.39 range
Recovery through the 54.39 range top and the lower-highs trendline would break the lower-high sequence, with the 55.38 swing low as the next cap
Acceptance below the 52.66 new low leaves little structure before 50.00 psych
Fed decision Wed 18:00 UTC: any pushback on December-hike odds could materially shift this read
Durable Goods 12:30 UTC and Consumer Confidence 14:00 UTC today feed hike pricing ahead of the Fed
Lower highs and lower lows since 62.07; tight base at 53.00-54.40.
Silver has carved three lower highs (62.07, 61.44, 58.59) and three lower lows over the window. The latest leg from the 58.59 swing high broke the 55.39 prior low on oil-driven hawkish Fed pricing. Since then price has gone sideways in a 53.00-54.40 base, with the yearly low at 53.00 holding on two tests while the range top near 54.40 caps every bounce. Price sits below both EMA20 and EMA50, and ATR(14) has eased from the breakdown expansion, so the base is compressing ahead of event risk.
Support: 53.004, 50.00
Resistance: 54.393, 58.592
What it said to watch
H4 close below the 53.00 yearly low resumes the lower-low sequence, with the 50.00 round number the next obvious marker
Acceptance above the 54.40 range top opens a retest of the 55.39 prior low, now broken support
Durable Goods (12:30 UTC today) and Wednesday's 18:00 UTC FOMC statement could materially shift this read
A push back toward the lower-high trendline would test whether the 58.59 swing-high sequence still holds
Lower highs from 61.44 and 58.59, tight base 53.00–54.40.
Lower highs at 61.44 and 58.59 frame a three-week downtrend, with the latest leg off 58.59 coming as firmer yields, a steadier USD and oil near five-week highs revived hike fears. Price has since compressed into a 53.00–54.40 base, where the ytd low at 53.00 has held twice and the range top at 54.39 has capped every rebound, with the swing low at 53.45 marking the floor of the earlier bounces. Price sits below both EMA20 and EMA50, and ATR(14) is easing from the breakdown expansion as the base matures.
Support: 53.45, 53.00, 50.00
Resistance: 54.39, 55.39, 56.46
What it said to watch
H4 close below the 53.00 ytd low confirms a fresh lower-low and opens the 50.00 round number
H4 close above the 54.39 range top would shift the read to a basing range, with the 55.39 prior low and the fib 61.8 at 56.46 as the next upside tests
Loss of the 53.45 swing low inside the base would point to renewed pressure on 53.00
Durable Goods Tue 12:30 UTC and the Fed decision Wed 18:00 UTC, especially December hike guidance, could materially shift this read
Lower-high trendline from 61.44 near 56.5 caps the broader downtrend; only a break above it would challenge the structure