HH/HL chain off YTD low, tight range below NY high.
Silver set a fresh YTD low at 52.657 in Asia, then rebounded through London and NY as oil eased, building higher highs to 54.538 with a higher low at the 54.158 swing low. Early Asia is compressing in a 54.38–54.50 range under the NY high, with RSI(14) neutral near 56 and price above EMA20 and EMA50.
Support: 54.381, 54.158, 53.707
Resistance: 54.504, 54.538, 55.00
What it said to watch
M15 close above the 54.538 NY high extends the higher-high sequence toward the 55.00 round number
Break of the 54.381 Asian low exposes the 54.158 swing low
Loss of 54.158 breaks the higher-low chain and opens the 38.2% retrace of the rebound near 53.82, then the 53.707 pullback low
FOMC decision Wed 18:00 UTC and Powell at 18:30 could materially shift this read
23:32 UTC
Rebound from YTD low, stalled into range · RSI 53 · price 54.426
HH/HL rally capped at 54.538; 54.16–54.54 range since NY.
Silver rebounded from the 52.657 YTD low set in Asia, building a HH/HL chain through London and NY to a 54.538 session high as oil eased on Middle East security talks. Since then price has compressed in a 54.158–54.538 range. Early Asia is holding a tight band between the 54.389 asian low and 54.504 asian high, with RSI(14) neutral near 53.
Support: 54.389, 54.158, 54.00
Resistance: 54.504, 54.538
What it said to watch
An M15 close above the 54.504 asian high and the 54.538 session high resumes the HH/HL chain of the rebound.
Loss of the 54.389 asian low puts the 54.158 swing low back in play. Below that sit the 23.6% rebound fib near 54.09 and the 54.00 round number.
The FOMC decision Wed 18:00 UTC and Powell's 18:30 presser are the likely catalyst to break the pre-Fed range.
Higher lows from 52.657 low; tight 54.37–54.50 compression.
Silver set its 52.657 YTD low in Asia, then London and NY built a higher-low chain up to a 54.538 session high as oil eased on Middle East talks. The pullback held the 54.158 swing low, just above the 23.6% fib of the rebound. Price is now compressed in a 54.37–54.50 band into early Asia, below the session high, with RSI(14) near 60.
Support: 54.372, 54.158
Resistance: 54.538, 55.00
What it said to watch
M15 close above the 54.538 session high resumes the higher-high chain, with the 55.00 round number next
Break below the 54.37 range low exposes the 54.158 swing low
Loss of the 54.158 swing low breaks the higher-low sequence and brings the 38.2% fib near 53.82 into view
FOMC decision Wed 18:00 UTC, with the presser at 18:30, could materially shift this read
23:04 UTC
Intraday uptrend, stalled into a range · RSI 57 · price 54.444
Rebound off Asia low, tight range below the session high.
Silver set a fresh YTD low at 52.657 in the Asia session, then rebounded through London and NY to a 54.538 session high as oil eased. The rebound fib shows only a shallow pullback to 54.158. Price has since compressed between the range floor near 54.33 and the session high, with the early Asia session trading thin inside that band.
Support: 54.33, 54.158, 54.00
Resistance: 54.538
What it said to watch
M15 close above the 54.538 session high extends the rebound leg
Loss of the 54.33 range floor, then the 54.158 pullback low, opens a deeper retrace toward the 54.00 round number
Fed decision Wed 18:00 UTC and Powell at 18:30 could materially shift this read
V-recovery from Asia low, higher lows, tight range 54.16–54.54.
Silver swept to a YTD low at 52.657 in Asia, then rallied about 1,880 pips through London and NY as oil eased, printing a session high at 54.538. Price has since held a tight range under that high, with the ny low at 54.158 marking the latest higher low. Early Asia trade is quiet near 54.46, with the range floor around 54.37 holding.
Support: 54.37, 54.158, 54.00
Resistance: 54.538, 55.00
What it said to watch
M15 close above the 54.538 session high extends the higher-low chain and opens the 55.00 round number
Failure at the 54.158 ny low breaks the higher-lows trendline and puts the 54.00 round number and the 38.2% fib near 53.82 in view
Loss of the 54.37 range floor shifts the read from consolidation to a deeper pullback
Fed decision Wed 18:00 UTC and Powell at 18:30 could materially shift this read
22:32 UTC
Uptrend off Asia low, stalling under session high · RSI 61 · price 54.495
V-shaped rebound from 52.66, now a tight 54.37–54.54 range.
Silver recovered about 1,880 pips from the 52.66 Asia YTD low through London and NY as easing oil took pressure off. The late-NY pullback held the 54.16 swing low, above the 23.6% fib of the rally. Early Asia trade is now pressing the top of a 54.37–54.54 range, with the session high capping repeated tests and RSI(14) steady near 61.
Support: 54.37, 54.16, 54.00
Resistance: 54.54, 55.00
What it said to watch
M15 close above the 54.54 session high breaks the range and opens the 55.00 round number
Loss of the 54.37 range low puts the 54.16 swing low and the 54.00 round number back in focus
A break below 54.16 marks the first lower-low since the Asia low, with 54.09 (23.6% of the rally fib) just under it
Fed decision Wed 18:00 UTC and Powell at 18:30 UTC could materially shift this read
22:19 UTC
Recovery from YTD low, flattening below session high · RSI 56 · price 54.422
Tight 54.16–54.54 consolidation after V-shaped rebound.
Silver rebounded about 1,880 pips from the 52.657 YTD low as oil eased. London and NY drove it through the 54.00 breakout point to a 54.538 session high. Since then it has compressed between the 54.158 swing low and 54.50 into early Asia, with RSI(14) neutral near 56 and rising support from the 53.24 London low still intact.
Support: 54.158, 54.00
Resistance: 54.538, 55.00
What it said to watch
M15 close above the 54.538 session high reopens the 55.00 round number
Loss of the 54.158 swing low breaks rising support and exposes the 54.00 breakout point
Shallow pullback so far; a move toward the 38.2% rally fib near 53.82 would signal a deeper retracement
Fed decision Wed 18:00 UTC and Powell at 18:30 could materially shift this read
V-shaped rebound, now a tight range below the day high.
Silver printed the 52.66 YTD low in late Asia, then rallied through London and NY to a 54.54 day high as crude eased on Middle East talks. Since the mid-NY peak it has ranged 54.16–54.54, holding well above the 38.2% of the rebound. RSI(14) is neutral near 49 as the session winds down.
Support: 54.158, 54.00
Resistance: 54.538
What it said to watch
M15 close below the 54.16 range low opens a retest of the 54.00 round number
Acceptance above the 54.54 day high extends the rebound structure
A move back toward the 38.2% of the rebound near 53.82 would mark a deeper unwind
FOMC decision Wed 18:00 UTC, with Powell at 18:30, could materially shift this read
HH/HL rebound off 52.657 now capped; 54.16–54.54 range.
Silver rebounded roughly 1,880 pips off the 52.657 Asia low, a fresh YTD low, as oil eased. It peaked at a 54.538 session high in NY and has since compressed into a 54.16–54.54 range. The 54.158 swing low held, the 54.499 retest printed a marginal lower high, and late-NY bars are drifting on EMA20 with RSI(14) neutral near 50.
Support: 54.158, 54.00, 53.707
Resistance: 54.538, 55.00
What it said to watch
M15 close above the 54.538 session high breaks the range top; 55.00 round number is the next reference
Failure to hold the 54.158 swing low exposes 54.00 psych, then the 53.707 ny pivot near the 38.2% of the rebound fib
Fed decision Wed 18:00 UTC with Powell at 18:30 could materially shift this read; range compression into the event is typical
21:32 UTC
Recovery uptrend, stalling late NY · RSI 49 · price 54.399
V-rebound off 52.657, now ranging 54.16–54.54.
Silver printed a fresh low at 52.657 in Asia, based through London, then rallied in NY through the Asian high at 54.211 to a 54.538 session high as easing oil on Middle East security talks offset a firm USD. Since then price has held a 54.16–54.54 box near the 23.6% fib of the rally, with a lower high at 54.499 and RSI(14) back to a neutral 49 near the rollover.
Support: 54.211, 54.158, 54.00
Resistance: 54.499, 54.538
What it said to watch
M15 close above the 54.538 session high resumes the NY rebound leg
Failure to hold the 54.158 swing low and the asian high at 54.211 points to a deeper retrace toward the 54.00 round number
Range likely compresses through the Asia session ahead of the Fed decision Wed 18:00 UTC, which could materially shift this read
Silver printed a YTD low at 52.657 late in the Asia session. Easing oil drove a rebound that broke the asian high at 54.211 during NY hours and topped at the 54.538 session high. Since then price has compressed into a tight range, and the late-NY pullback held the 54.158 swing low, a shallow dip above the rally trendline and the rebound fib's 38.2% near 53.82.
Support: 54.211, 54.158
Resistance: 54.538, 55.00
What it said to watch
M15 close below the 54.158 swing low breaks the range and exposes the rally trendline and the 53.82 rebound fib 38.2%
Close above the 54.538 session high resumes the rebound toward the 55.00 round number
Thin Asia session liquidity ahead of Wednesday's FOMC (18:00 UTC) could produce false breaks of the range
21:07 UTC
Rebound leg stalled, ranging below the session high · RSI 49 · price 54.399
Silver bounced from the 52.657 YTD low set in Asia to a 54.538 session high in NY as oil eased, then went flat in a 54.16–54.54 range into the NY close. The pullback held the swing low at 54.158, only a shallow retrace of the rebound. RSI(14) is neutral near 49 and price is sitting on EMA20.
Support: 54.158, 54.00
Resistance: 54.538
What it said to watch
A close above the 54.538 session high resumes the rebound leg out of the range
A break of the 54.158 swing low exposes the 54.00 round number and the 38.2% rebound fib near 53.82
FOMC decision Wed 18:00 UTC with presser at 18:30 could materially shift this read
20:48 UTC
V-rebound from YTD low, stalling below session high · RSI 53 · price 54.437
Higher low at 54.158 under the 54.538 session high; late-NY box 54.16–54.54.
Silver printed a 52.657 YTD low in the Asia session and recovered it in full. Easing oil lifted it through the asian high at 54.211 in NY hours, and it stalled at the 54.538 session high. Late NY is boxing 54.16–54.54 above EMA20 and EMA50, with the 54.158 swing low intact and RSI(14) neutral near 53.
Support: 54.211, 54.158, 54.001
Resistance: 54.538, 55.00
What it said to watch
M15 close above the 54.538 session high extends the rebound toward the 55.00 round number
Failure at the 54.158 swing low breaks the higher-low sequence; 54.00 round number and the 38.2% fib of the rebound near 53.82 sit below
Slip back under the asian high at 54.211 would undo the NY breakout
FOMC decision Wed 18:00 UTC and Powell at 18:30 could materially shift this read
20:32 UTC
Recovery leg off YTD low, now flat · RSI 52 · price 54.403
V-shaped rebound from 52.657 stalled into a 54.16–54.54 range since mid-NY.
Silver printed a 52.657 YTD low in Asia, then retraced the entire Asian drop through London and NY as oil eased. It peaked at the 54.538 session high. Since then it has compressed between the 54.158 swing low and a 54.499 lower high into late NY, with RSI(14) flat near 52 and price hugging EMA20.
Support: 54.158, 54.00
Resistance: 54.499, 54.538
What it said to watch
M15 close below the 54.158 swing low breaks the range and exposes the 54.00 round number
Acceptance above the 54.538 session high resumes the rebound leg off the low-high fib base
Shallow pullback so far: holding above the fib's 23.6% near 54.09 keeps the recovery structure intact
FOMC decision Wed 18:00 UTC and Powell at 18:30 could materially shift this read
20:19 UTC
Intraday uptrend, pausing below day high · RSI 56 · price 54.457
HH/HL chain off the Asia low; late-NY compression 54.16–54.54.
Silver printed a 52.657 YTD low in Asia. It then built a HH/HL chain through London and NY to a 54.538 day high as easing oil offered relief. After London close, price is compressing between the 54.158 higher low and the day high. RSI(14) sits near 56, and the late-NY range holds above rising support.
Support: 54.158, 54.00
Resistance: 54.538, 55.00
What it said to watch
M15 close above the 54.538 day high extends the HH sequence toward the 55.00 round number
Loss of the 54.158 higher low and psych 54.00 breaks rising support and the HL chain, putting the rebound fib 38.2% near 53.82 in focus
FOMC decision Wed 18:00 UTC and Powell at 18:30 could materially shift this read; thin post-NY trade until then
20:04 UTC
Uptrend off the YTD low, now flat near highs · RSI 53 · price 54.413
Post-rally consolidation 54.158–54.538 in late NY.
Silver rebounded from the 52.657 YTD low printed in Asia as oil eased. London and NY extended the move through the 54.211 Asian high to a 54.538 session high. Late NY is holding a 54.158 swing low to 54.538 consolidation with a lower high at 54.499, and RSI(14) has reset to a neutral ~53.
Support: 54.158, 54.00
Resistance: 54.499, 54.538
What it said to watch
Close above the 54.538 session high resumes the rally structure; the 54.499 lower high is the first cap
Loss of the 54.158 swing low and the rally trendline puts the 54.00 round number in play
Thin Asia session ahead; FOMC Wed 18:00 UTC could materially shift this read
V-recovery from YTD low; higher lows at 53.215 and 54.158.
Silver rebounded from the 52.657 YTD low set in Asia, climbing through London and NY to a 54.538 session high as oil eased on Middle East security talks. Late NY is consolidating just under that session high, with the range floor near 54.33 and a swing low at 54.158 marking the latest higher low; RSI(14) around 59.
Support: 54.33, 54.158, 54.00
Resistance: 54.538, 55.00
What it said to watch
M15 close above the 54.538 session high extends the higher-high chain toward the 55.00 round number
Break below the 54.158 swing low takes out rising support and ends the higher-low sequence
Loss of the 54.33 range floor exposes 54.00 psych, near the 23.6% rally fib at 54.09
FOMC decision Wed 18:00 UTC and Powell at 18:30 UTC could materially shift this read
19:33 UTC
Uptrend, momentum stalling · RSI 63 · price 54.39
HH/HL chain from 52.66 low; consolidation 54.16–54.54 after NY.
Silver recovered the whole late-Asia slide to the 52.66 YTD low and printed a 54.54 session high in NY as easing oil on Middle East talks gave relief. Since then price has compressed under a descending range cap, and the late-NY dip to the 54.16 swing low held as a retest of the reclaimed 54.21 Asian high. RSI(14) is near 63 and price is back above EMA20.
Support: 54.16, 53.71
Resistance: 54.54, 55.00
What it said to watch
M15 close above the 54.54 session high extends the HH chain toward the 55.00 round number
Failure to hold the 54.16 swing low exposes the 53.71 higher low and the 38.2% rebound fib near 53.82
Break of the descending range cap ends the post-NY consolidation read
Fed decision Wed 18:00 UTC with Powell at 18:30 is the next major catalyst; pre-FOMC positioning may keep ranges tight
Post-rally consolidation below the 54.54 session high; higher-high chain paused.
Silver's rebound from the 52.66 YTD low in early London ran to a 54.54 session high in NY as oil eased on Middle East security talks. Since then price has held a 54.33–54.49 range below the session high. A late-NY dip to the 54.16 swing low found demand and price is back above the ema20 near 54.27, with RSI(14) neutral near 48.
Support: 54.33, 54.27, 54.16
Resistance: 54.49, 54.54
What it said to watch
M15 close above the 54.54 session high resumes the higher-high chain
Failure to hold the 54.16 swing low prints a lower low after the rebound and opens a deeper fib retracement
Repeated closes back below the ema20 and the 54.33 range floor would shift the read to a pullback
Fed decision Wed 18:00 UTC and Powell's 18:30 presser could materially shift this read
19:04 UTC
Intraday rebound, momentum fading in late NY · RSI 52 · price 54.316
V-shaped recovery from 52.657, now lower highs above the reclaimed Asian high.
Silver printed the YTD low at 52.657 late in Asia, then rebounded through the London-NY transition as oil eased, reclaiming the Asian high at 54.211 and topping at a 54.538 session high. Late NY has turned into a lower-highs drift, with the 18:30 UTC swing low at 54.158 holding a shallow pullback just under the Asian high. RSI(14) is neutral near 52 and price sits on EMA20.
Support: 54.211, 54.158, 54.00
Resistance: 54.488, 54.538
What it said to watch
Failure to hold the 54.158 swing low exposes the 54.00 round number and the 38.2% rebound fib near 53.82
M15 close above the 54.488–54.509 lower highs reopens the 54.538 session high
FOMC decision Wed 18:00 UTC and Powell at 18:30 UTC could materially shift this read; thin Asia session liquidity before then
18:48 UTC
Intraday uptrend, pulling back after London close · RSI 57 · price 54.211
Higher-low chain from 52.66 interrupted; 54.33–54.54 range broken lower, testing Asian high.
Silver rebounded from the 52.66 YTD low set in Asia through London and NY as oil eased on Middle East talks, topping at a 54.54 session high before the 54.33–54.54 range floor gave way after London close. Price now sits on the Asian high at 54.21, near the 23.6% fib of the 53.22–54.54 afternoon leg. RSI(14) has cooled to ~57.
Support: 54.158, 54.00, 53.71
Resistance: 54.33, 54.538
What it said to watch
M15 close back above the 54.33 range floor reopens the 54.54 session high
Break of the 54.16 pullback low exposes the 54.00 round number, where the recovery trendline sits
Loss of 54.00 puts the 50% fib near 53.88 and the 53.71 higher low in play
FOMC Wed 18:00 UTC and oil/Middle East headlines could materially shift this read
18:33 UTC
Intraday rebound, pulling back from highs · RSI 56 · price 54.202
Higher lows from 52.66; 54.33–54.54 shelf broken lower.
Silver's rebound off the 52.66 YTD low printed late in the Asia session ran through London and NY as oil eased, topping at the 54.54 session high. After London close price slipped out of the 54.33–54.54 range floor and is sitting on the 54.18 swing low, just above the 54.00 round number and the 23.6% fib of the rebound.
Support: 54.184, 54.00, 53.707
Resistance: 54.33, 54.538
What it said to watch
Break of the 54.18 swing low exposes the 54.00 round number and the 23.6% fib near 54.09
Reclaim of the 54.33 range floor puts the 54.54 session high back in play
Loss of the 53.71 pullback low would break the intraday higher-low sequence
FOMC decision Wed 18:00 UTC could materially shift this read; pre-Fed ranges may stay compressed
HH/HL off 52.66 low, capped in 54.33–54.53 range, slipping under floor.
Silver rebounded from the 52.66 YTD low set late in Asia as oil eased, and built higher lows through London and NY to a 54.54 session high. It then stalled in a 54.33–54.53 range under lower highs, and late NY has slipped below the range floor to a 54.23 pullback low. RSI(14) is near 57 and price sits back under EMA20.
Support: 54.231, 54.00, 53.707
Resistance: 54.33, 54.538
What it said to watch
An M15 close back above the 54.33 range floor restores the range read; the session high at 54.54 is the cap
Failure to hold the 54.23 pullback low exposes the 54.00 round number, with fib 23.6% at 54.09 just above it
A break of 54.00 would put the 53.71 swing low and fib 38.2% at 53.82 in play
FOMC Wed 18:00 UTC is the next major risk; USD firmness into the decision has kept upside capped
V-recovery from 52.66 low, 54.33–54.54 range now breaking lower.
Silver rebounded about 190 cents from the 52.66 YTD low printed into London open as oil eased, but the move stalled at the 54.54 session high early in NY. After a 2.5h hold of the 54.33–54.54 range, the 17:45 UTC bar broke the range floor after London close as a firm USD caps the bounce. RSI(14) is neutral near 53, price has slipped under EMA20, and the pullback is only ~16% of the rebound so far.
Support: 54.13, 54.00, 53.82
Resistance: 54.33, 54.54
What it said to watch
Return above the 54.33 range floor negates the range break
Close below the 54.13 pivot low exposes the 54.00 round number and the 53.82 fib 38.2 of the rebound
Failure at 54.00 puts the intraday higher-low chain from 52.66 at risk
USD strength into Wednesday's Fed decision (18:00 UTC) keeps upside pressure on the session high
V-recovery from the Asia low, now a tight box under the session high.
Silver dropped to a 52.657 Asia low, the YTD low, then climbed through London and NY in a higher-low chain as oil eased, reaching a 54.538 session high. After London close it has gone flat in a 54.33–54.54 box, with RSI(14) near 60 and the ema20 just below price as the firm pre-FOMC USD caps upside.
Support: 54.33, 54.127, 54.00
Resistance: 54.538, 55.00
What it said to watch
M15 close below the 54.33 box low exposes the 54.127 pullback low and the 54.00 round number
Close above the 54.538 session high extends the higher-high chain toward the 55.00 round number
Loss of 54.00 shifts focus to the 38.2% recovery fib near 53.82
Fed decision Wed 18:00 UTC with presser at 18:30 could materially shift this read
HH/HL recovery from YTD low, now a tight range under the session high.
Silver built a higher-low chain off the 52.66 YTD low through London and NY, reclaiming the 54.00 round number as oil eased on Middle East talks. Since 15:30 UTC it has compressed in a 54.33–54.54 range under the session high with slightly lower highs, and RSI(14) has cooled to ~67. The recovery line off the low sits near 53.80, with the 38.2% recovery fib just above at 53.82.
Support: 54.33, 54.13, 54.00
Resistance: 54.538, 55.00
What it said to watch
M15 close below the 54.33 range low exposes the 54.13 swing low and the 54.00 round number
Close above the 54.54 session high resumes the HH chain toward 55.00 psych
Loss of the recovery line near 53.80 breaks the intraday higher-low structure
Fed decision Wed 18:00 UTC with presser 18:30 is the next event risk; late-NY drift is likely thin until then
V-recovery off 52.66 low, HH/HL chain through NY, now flat 54.33–54.54 range.
Silver printed the 52.66 YTD low in early London, then rallied about 190 cents through the NY session as oil eased. The rally cleared the Asian high and the prior high near 54.30. Since the 54.54 session high, price has flattened into a tight range after London close above the rising NY trendline, with RSI(14) cooling into the low 60s.
Support: 54.33, 54.21, 54.00
Resistance: 54.538
What it said to watch
M15 close below the 54.33 range low exposes the asian high at 54.21 and the rising NY trendline near 54.10
Break of the 54.54 session high resumes the NY HH/HL chain
Loss of the 54.00 round number puts the 53.82 38.2% fib of the recovery in play
Fed decision Wed 18:00 UTC could materially shift this read; firm USD into the meeting has capped extensions
17:05 UTC
Uptrend off Asian low, momentum cooling · RSI 62 · price 54.39
HH/HL chain from 52.66; late-NY range 54.33–54.54 under session high.
Silver bottomed at 52.66 late in the Asia session. It rallied through London and NY as oil eased on Middle East security talks, clearing the Asian high and prior-day high near 54.30 to a 54.54 session high. Late NY is compressing between the 54.33 range low and the session high, with RSI(14) cooled to ~62 and the 23.6% fib of the rally near 54.09.
Support: 54.33, 54.13, 54.00
Resistance: 54.54, 55.00
What it said to watch
M15 close below the 54.33 range low exposes the 54.13 swing low and the 54.00 round number / 23.6% fib
Acceptance above the 54.54 session high reopens the 55.00 psych level
Firm USD into the Fed decision Wed 18:00 UTC could cap the recovery; the FOMC presser is the main read-changer
V-recovery from the Asia low, now a tight range under the session high.
Silver reversed from the 52.66 Asia low through London and NY, reclaiming the asia high at 54.21 as oil eased. A firm USD has capped the move. Since the 54.54 session high, price has gone flat in a 54.33–54.54 band after London close, with RSI(14) cooling to ~67 and price above EMA20 and EMA50.
Support: 54.33, 54.21, 53.71
Resistance: 54.538, 55.00
What it said to watch
M15 close above the 54.54 session high opens the 55.00 round number
Loss of the 54.33 range low puts the asia high at 54.21 back in focus, then the 38.2% rally fib near 53.82
Failure at the 53.71 swing low, the NY higher low, would unwind the NY leg
Fed decision Wed 18:00 UTC; pre-FOMC USD positioning could materially shift this read
Higher highs and higher lows from the Asia low; compressing below session high.
Silver rallied from the 52.66 Asia-session YTD low through London and NY. It cleared the Asian range high at 54.21 and the prior high at 54.30 before stalling at the 54.54 session high, with oil easing on Middle East talks offsetting a firm USD. Since then, price has been holding a tight 54.33–54.40 band after London close, and RSI(14) has cooled to ~65 from overbought.
Support: 54.30, 54.13, 54.00
Resistance: 54.538, 55.00
What it said to watch
Failure to hold the 54.30 prior high puts price back inside yesterday's range; a break of the 54.13 swing low (near the 23.6% rally fib) ends the higher-low chain
A close below the 54.00 round number opens a deeper rally retracement toward the 38.2% fib at 53.82
A close above the 54.54 session high extends the higher-high sequence, with the 55.00 psych handle the next reference
Pre-FOMC USD positioning ahead of Wednesday's 18:00 UTC Fed decision could cap the bounce
V-recovery from 52.657 low; higher-high/higher-low chain intact.
Silver set the 52.657 YTD low around London open, then built higher highs and higher lows through London and NY as oil eased, clearing yesterday's prior high at 54.299 to a 54.538 session high. Price is drifting just above the 54.349 pullback low after London close, with RSI(14) cooling from the low 70s and the HL trendline still rising beneath.
Support: 54.349, 54.299, 53.707
Resistance: 54.538, 55.00
What it said to watch
M15 close back below the 54.299 prior high puts the breakout in doubt
Loss of the HL trendline and 53.707 swing low breaks the higher-low chain; 38.2% of the YTD low rally fib sits near 53.82
M15 close above the 54.538 session high extends the leg toward the 55.00 round number
FOMC Wed 28 Oct 18:00 UTC with presser at 18:30 could materially shift this read
Higher highs and higher lows since early-London low, pausing under session high.
Silver made a fresh YTD low at 52.66 early in London, then climbed in a steady higher-high, higher-low sequence. During NY hours it reclaimed the 54.00 psych level and yesterday's prior high near 54.30, and the 54.54 session high is capping for now. RSI(14) near 77 is stretched but typical of a trending leg, and the rebound came despite firm US data ahead of Wednesday's Fed.
Support: 54.30, 54.00, 53.707
Resistance: 54.538, 55.00
What it said to watch
A close back below the 54.30 prior high and then 54.00 psych would undercut the breakout read
A break of the rally trendline (~54.35) plus loss of the 53.707 swing low ends the higher-low chain; the 38.2% fib of the rally sits near 53.82
Acceptance above the 54.54 session high puts the 55.00 round number in view
FOMC decision Wed 18:00 UTC could materially shift this read
V-shaped rebound from YTD low; NY higher-low chain above 54.00.
Silver has rebounded ~1,880 pips off the late-Asia YTD low at 52.657. A NY-session higher-low chain reclaimed the 54.00 round number and broke Monday's prior high at 54.30, despite firm US data and a bid USD. RSI(14) is near 76 and the rally is stalling just under the 54.54 session high, with the 54.13 swing low the nearest intraday pivot.
Support: 54.30, 54.13, 54.00
Resistance: 54.538, 55.00
What it said to watch
M15 close back below the 54.30 prior high puts the breakout at risk of a false break
Loss of the 54.13 swing low and the NY trendline would break the higher-low chain
Close above the 54.54 session high opens the 55.00 round number
Failure to hold the 54.00 round number exposes the 38.2% rebound fib near 53.82
Fed decision Wed 18:00 UTC could materially shift this read
Higher highs and higher lows since 52.657 YTD low; prior-day high cleared.
Silver has rebounded roughly 1.9 from the 52.657 YTD low printed in late Asia. NY session pushed through the 54.299 prior high to a 54.538 session high despite the firm USD after the Durable Goods beat. RSI(14) near 76, and bars are tightening just under 54.50 along the rising trendline from the 53.215 midday low.
Support: 54.299, 54.127, 54.00
Resistance: 54.538, 55.00
What it said to watch
Holding above the 54.299 prior high keeps the breakout intact; slipping back below turns it into a false break
Break of the 54.127 swing low ends the higher-low chain and exposes the 54.00 round number
M15 close above the 54.538 session high opens the 55.00 psych level
Loss of the rising trendline points to a deeper pullback of the rebound fib, with 38.2% near 53.82
Fed decision Wed 18:00 UTC could materially shift this read
V-recovery from 52.66 low, HH/HL chain since London.
Silver has fully reversed the Asia-session flush to the 52.66 YTD low. The London rally extended through NY despite the firm Durable Goods beat, clearing the prior high at 54.30 and printing a 54.49 session high. RSI(14) is near 79, stretched after a near-vertical rally of roughly 1,800 pips.
Support: 54.30, 54.00, 53.71
Resistance: 54.49, 55.00
What it said to watch
Holding above the 54.30 prior high keeps the breakout intact; a slip back under it marks a false break
An M15 close below the higher-low trendline near 54.00 (round number) breaks the HH/HL chain
Loss of the 53.71 swing low opens a deeper retrace into the 50% zone of the rally near 53.58
Rejection at the 54.49 session high, where the digest flags the 54.50–55.38 broken-support zone, versus acceptance toward the 55.00 round number
Fed decision Wed 18:00 UTC could materially shift this read
HH/HL rebound from 52.657 low; Asian high and prior high cleared.
Silver's rebound from the 52.657 YTD low before London open carried through the NY session. It cleared the Asian high at 54.21 and Monday's 54.30 prior high, extending past the 12:30 UTC Durable Goods beat despite the firm USD. Price is now pressing the 54.50 psych with RSI(14) near 78 and higher lows holding along the rising lows line.
Support: 54.299, 54.211, 53.707
Resistance: 54.50, 55.00
What it said to watch
Rejection at the 54.50 psych would print a lower-high under the digest's 54.50–55.38 broken-support zone; acceptance above opens the 55.00 round number
An M15 close back below the 54.30 prior high and 54.21 Asian high would turn the breakout into a false break
A break of the rising lows line and the 53.71 swing low ends the HH/HL chain
The Fed decision Wed 18:00 UTC could materially shift this read
14:47 UTC
Intraday uptrend off the YTD low, now testing prior high · RSI 73 · price 54.187
HH/HL chain from 52.657; price pressing yesterday's 54.30 high.
Silver swept the 05:30 UTC wick to a fresh YTD low at 52.657 late in the Asian session, then recovered about 1,630 pips through London and into the first hour of NY. The rebound came despite a firm USD and the durable goods beat. The rally has now reclaimed the 54.00 psych level and stalled at 54.289, just under yesterday's 54.299 prior high. RSI(14) near 73 is warm but not extreme, and the higher low at 53.707 anchors the rising trendline.
Support: 54.00, 53.707, 53.215
Resistance: 54.299, 54.50
What it said to watch
M15 close above the 54.299 prior high clears yesterday's peak and opens the 54.50 round number
Slip back below 54.00 psych revives the repeated-failure-at-54 pattern flagged in the digest
Break of the 53.707 higher low snaps the HH/HL chain and the trendline; 53.215 swing low, near the 61.8% fib, is next
FOMC Wed 28 Oct 18:00 UTC; pre-decision positioning could cap follow-through either way
V-recovery from the 52.66 Asia low, higher-low chain now testing the prior high at 54.30.
Silver has unwound the entire Asian slide to the 52.66 YTD low. A higher-low chain through London and the first hour of NY lifted price back above 54.00 and the asian high, despite the 12:30 UTC durable goods beat. It is now pressing Monday's 54.30 prior high with RSI(14) near 77.
Support: 54.00, 53.707
Resistance: 54.299
What it said to watch
Rejection at the 54.30 prior high followed by a loss of 54.00 psych would mark a lower-high, consistent with the digest's failure-at-$54 theme
M15 close below the 53.71 swing low, near the 38.2% rebound fib, breaks the higher-low chain
FOMC Wed 18:00 UTC could materially shift this read
Higher-high/higher-low chain from 52.657, testing 54.00–54.30 supply.
Silver has recovered about $1.50 from the 52.657 YTD low, which printed late in the Asia session on a firm USD. London and NY have since built a clean higher-low chain along the rising trendline, and the move has now reached the 54.00 psych handle. Price is capped so far at the 54.144 session high, just under the 54.211 asia high and the 54.299 prior high. RSI(14) is near 73, warm but not extreme.
Support: 54.00, 53.707, 53.215
Resistance: 54.144, 54.211, 54.299
What it said to watch
M15 close above 54.211 asia high and 54.299 prior high extends the HH chain beyond yesterday's range
Repeated failure to hold above 54.00 psych keeps the lower-highs read from the slide intact
Break of the 53.707 higher low and the rising trendline ends the intraday HH/HL sequence
Loss of the 53.215 swing low puts the 61.8% fib retracement of the rebound back in focus
FOMC decision Wed 18:00 UTC (presser 18:30 UTC) could materially shift this read
Higher lows off 52.657; NY high 54.131 below 54.211 Asian high.
An overnight slide from the 54.211 Asian high set a day low at 52.657 just before London, near the YTD low cited in the digest. London and early NY built a chain of higher lows along a rising trendline, but the NY open push to 54.131 was rejected back below 54.00, consistent with repeated failures there. With USD firm into the 14:00 UTC data, price is testing the 53.70 pullback low and RSI(14) is near 59.
Support: 53.70, 53.215, 52.657
Resistance: 54.131, 54.211
What it said to watch
An M15 close above the 54.131 NY high invalidates the rejection read and opens the 54.211 Asian high
Failure to hold the 53.70 pullback low exposes the 53.215 swing low, where the 61.8% fib and rising trendline converge
A break of the 52.657 day low would resume the overnight lower-low sequence
Consumer Confidence and New Home Sales at 14:00 UTC could shift USD and this read; FOMC is due Wednesday
13:47 UTC
Intraday rebound from YTD low, stalling near 54.00 · RSI 69 · price 53.908
Higher lows off 52.66 along rising support; testing 54.00–54.21 resistance.
Silver has retraced roughly 80% of the Asian selloff from the 54.21 Asian high to the 52.66 YTD low, holding higher lows along rising support. The rebound continued after the firm US durables print. In the first hour of NY, the spike to a 54.13 NY high was rejected back below 54.00, with RSI(14) near 69.
Support: 53.709, 53.215, 52.657
Resistance: 54.131, 54.211, 54.299
What it said to watch
Consumer Confidence and New Home Sales at 14:00 UTC, minutes away, could shift this read
M15 close above the 54.21 Asian high reclaims the session range and puts the 54.30 prior high in focus
Loss of the 53.71 breakout base exposes the 53.22 higher low and rising support
A break of rising support reopens the 52.66 YTD low
Higher-low chain since 52.657, capped by 54.00 wick.
Silver bounced from the 52.657 ytd low printed late in the Asia session. London built higher lows at 53.079 and 53.215 and cleared the 53.614 london high. The first hour of NY pushed to a 54.00 wick that was rejected, a level the digest flags as lacking acceptance. Price now sits at the 78.6% retrace of the asia high-to-ytd low drop, with RSI(14) near 72.
Support: 53.614, 53.215, 52.657
Resistance: 54.00, 54.211, 54.299
What it said to watch
M15 close above psych 54.00 opens the 54.211 asia high and Monday's 54.299 prior high
Loss of the 53.614 london high, then the 53.215 higher low, breaks the rising lows trendline; ytd low 52.657 sits below
Consumer Confidence and New Home Sales at 14:00 UTC; FOMC Wed 18:00 UTC with ~90% December-hike odds priced could materially shift this read
Higher lows off 52.657 low, rejection wick at 54.00.
The bounce from the 52.657 ytd low (late Asia) has printed a higher-low chain at 53.079 and 53.215 through London, but the first hour of NY left a rejection wick at the 54.00 round number, a level the digest notes has not found acceptance with USD firm into FOMC. RSI(14) near 62, cooling off the push.
Support: 53.215, 53.079, 52.657
Resistance: 54.00, 54.211
What it said to watch
M15 close above the 54.00 round number exposes the 54.211 asia high, where the overnight breakdown started
Failure to hold the 53.215 swing low breaks rising support and the higher-low chain. The 50–61.8% rally fib sits at 53.33–53.17
Below the 53.079 higher low, the 52.657 ytd low comes back into view
Consumer Confidence and New Home Sales at 14:00 UTC could shift this read. The FOMC decision Wed 18:00 UTC is the larger event risk
Silver set a 52.657 ytd low late in the Asia session, then built rising lows through London. It cleared the 53.729 broken high at the London-NY transition despite the Durable Goods headline beat, and the 13:00 UTC bar is probing the 54.00 round number. The digest notes 54.00 has repeatedly failed to hold, and RSI(14) near 70 is hot but not stretched.
Support: 53.729, 53.215, 52.657
Resistance: 54.00, 54.211, 54.299
What it said to watch
M15 acceptance above the 54.00 round number exposes the 54.211 asian high, with the 54.299 prior high just above
Rejection at 54.00 followed by a close back below the 53.729 broken high and the rising lows line stalls the recovery
A break of the 53.215 higher low ends the HH/HL chain and puts the 52.657 ytd low back in focus
Consumer Confidence and New Home Sales at 14:00 UTC could jolt the read; FOMC Wed 18:00 UTC is the larger event risk
12:47 UTC
Intraday uptrend off YTD low, below 54.00 cap · RSI 63 · price 53.581
Higher highs and higher lows since the 52.657 low; testing session high.
Silver printed a fresh ytd low at 52.657 before London, then built a higher-low chain at 53.079 and 53.215. The session high at 53.718 came on the 12:30 UTC Durable Goods bar, with RSI(14) near 63 and the 54.00 round number above. That level capped the past two sessions on a firm USD into the Fed, and the Asian high at 54.211 is the next reference.
Support: 53.215, 53.079, 52.657
Resistance: 53.718, 54.00, 54.211
What it said to watch
M15 close below the 53.215 higher low breaks the HL chain and puts the 53.079 swing low back in play
Close above the 53.718 session high opens the 54.00 round number, then the 54.211 Asian high
Loss of 53.079 would expose the 52.657 ytd low again
Consumer Confidence and New Home Sales at 14:00 UTC could shift this read; Fed decision Wed 18:00 UTC is the main risk
12:33 UTC
Intraday recovery from YTD low, higher highs and higher lows · RSI 60 · price 53.482
HH/HL chain since the late-Asia low; pullback held the 38.2% retrace.
Silver sold off in late Asia on a firm pre-Fed USD and printed a YTD low at 52.657. The London rally then built a higher-high, higher-low chain to the 53.614 London high. The 12:00 UTC dip held a higher low at 53.215, near the 38.2% retrace, and price is back at 53.48 into the Durable Goods print, with RSI(14) near 60.
Support: 53.215, 53.00, 52.657
Resistance: 53.614, 54.00
What it said to watch
Durable Goods (12:30 UTC) and Consumer Confidence (14:00 UTC) could swing USD during NY hours
An M15 close above the 53.614 London high extends the HH chain toward the 54.000 round number
A break below the 53.215 higher low and rising support exposes the 53.000 round number and the ytd low at 52.657
Higher low at 53.079 intact; post-rejection consolidation holding near the fib 38.2%.
Asia faded from the 54.211 Asian high and broke Monday's 53.00 floor. The slide printed a fresh YTD low at 52.657 just before London. London's rebound stalled at the 53.614 London high, after an earlier rejection at 53.462. Price is now consolidating above the 53.215 pullback low into the NY open, near the fib 38.2%, while firm USD into Wednesday's Fed caps the bounce.
Support: 53.215, 53.079, 52.657
Resistance: 53.462, 53.614, 54.211
What it said to watch
US Durable Goods at 12:30 UTC, then Consumer Confidence at 14:00, could break the 53.215–53.462 consolidation either way
Loss of the 53.079 higher low ends the rebound structure and puts the 52.657 YTD low back in play
M15 close above the 53.614 London high reopens the path toward 54.00 and the 54.211 Asian high
Fed decision Wed 18:00 UTC is the dominant risk; pre-Fed positioning may keep ranges compressed
Higher lows off the 52.66 base, lower highs since 53.61.
A late-Asia sell-off on the firm USD printed a fresh 52.66 ytd low. London rebounded in a higher-low sequence to a 53.61 session high, then faded back to the 38.2% fib of that rebound near 53.25. Lower highs since 53.61 and RSI(14) back near 51 show the bounce losing momentum ahead of NY, with the 53.10 swing low beneath.
Support: 53.10, 53.00, 52.66
Resistance: 53.61, 54.00
What it said to watch
Failure to hold the 53.10 swing low exposes 53.00 psych and the 52.66 ytd low
A close back above the 53.61 session high negates the lower-high sequence and puts the 54.00 round number in view
US Durable Goods at 12:30 UTC and Consumer Confidence at 14:00 UTC could shift the read in the first hours of NY
11:47 UTC
Rebound off YTD low, stalling below session high · RSI 56 · price 53.254
Higher-low chain from 52.66; lower highs since 53.61.
London open briefly undercut the Asian-session low and printed a YTD low at 52.66 on firm USD. Price then rallied in a higher-low chain to a 53.61 session high, where it met rejection. Late London is now slipping back to the 38.2% retracement near 53.25, with the 53.08 swing low and the 53.00 round number below.
Support: 53.08, 53.00, 52.66
Resistance: 53.61, 54.00, 54.21
What it said to watch
Durable Goods at 12:30 UTC and Consumer Confidence at 14:00 UTC could materially shift this read into NY open
M15 close below the 53.08 swing low breaks the rising support line and the higher-low chain
Loss of the 53.00 round number puts the 52.66 ytd low back in focus
Close above the 53.61 session high reopens the 54.00 round number, with the 54.21 asian high above
The Asia session slide from the 54.21 Asian high broke through the $53.00 round number to a 52.66 session low as oil-fed Fed-hike bets weighed. London has reclaimed the round number with rising lows (latest higher low 53.08), but a rejection at the 53.61 London high has held the rebound so far, with RSI(14) neutral near 55.
Support: 53.08, 53.00, 52.66
Resistance: 53.61, 54.00, 54.21
What it said to watch
Break of the 53.08 higher low and the rising lows trendline undercuts the London rebound
Loss of the 53.00 round number again exposes the 52.66 session low
M15 close above the 53.61 London high opens the 54.00 round number, then the 54.21 Asian high
US Durable Goods at 12:30 UTC and Consumer Confidence at 14:00 UTC could materially shift this read
11:18 UTC
Intraday recovery off session low, stalling at fib resistance · RSI 62 · price 53.426
Higher highs and higher lows through London since the 52.657 low; 53.00 reclaimed.
Late-Asia selling from the 54.211 asia high on Fed-hike bets ran to a 52.657 session low. London has since rebuilt above 53.00 psych in a higher-high, higher-low chain, but the 53.614 london high met rejection at the 61.8% fib. Price is holding the 50% retrace near 53.43, just above EMA50, with RSI(14) near 62 into US data.
Support: 53.079, 53.00, 52.657
Resistance: 53.614, 53.775, 54.211
What it said to watch
M15 close above the 53.614 london high / 61.8% fib opens the 53.775 asia swing
Break of the 53.079 london hl and the HL trendline undercuts the London recovery
Loss of 53.00 psych reopens the 52.657 session low
ADP 12:15 UTC, Durable Goods 12:30 UTC and Consumer Confidence 14:00 UTC could materially shift this read ahead of the FOMC
Higher lows since the session low, capped at the 61.8% retrace.
Asia sold off from 54.211, cutting through the 53.004 prior low to a 52.657 session low as Fed-hike bets weighed. London has since printed rising lows and reclaimed 53.00, but met rejection at 53.614, the 61.8% fib of the Asian drop. Price sits just above EMA50 near 53.36 with RSI(14) at 61; the 53.775 swing high and 54.00 psych are above.
Support: 53.079, 53.004, 52.657
Resistance: 53.614, 53.775, 54.00
What it said to watch
An M15 close above the 53.614 61.8% fib opens the 53.775 swing high, then 54.00 psych
A break of the rising lows and the 53.079 higher low would expose the 53.004 prior low
Failure to hold 53.00 puts the 52.657 session low back in play
US Durable Goods at 12:30 UTC and Consumer Confidence at 14:00 UTC could materially shift this read
10:48 UTC
Rebound from session low, recovering Asian losses · RSI 57 · price 53.537
Rising lows off 52.66, clearing 53.46 rejection high.
The Asian session slid from 54.21 to a 52.66 session low, a fresh break below $53.00 as oil-fed Fed-hike bets weighed. London has since printed rising lows and reclaimed 53.00. The current bar is pushing through the 53.46 rejection high toward the 61.8% fib of the Asian drop at 53.62, with RSI(14) at 57 and ATR near 215 pips.
Support: 53.46, 53.08, 52.66
Resistance: 53.62, 53.78, 54.00
What it said to watch
A hold above the 53.46 rejection high keeps the London rising lows intact. A slip back below it puts the 53.08 higher low in focus.
Acceptance above the 61.8% fib at 53.62 opens the 53.78 swing high and the 54.00 round number.
A break of the 53.08 higher low and the rising lows line would expose the 52.66 session low.
US Durable Goods at 12:30 UTC and Consumer Confidence at 14:00 UTC could materially shift this read ahead of Wednesday's FOMC.
Asian range broken lower; rebound capped just under the Asian low.
An early-London break of the Asian range low and the 53.00 round number ran to a 52.657 session low as the USD firmed into Wednesday's FOMC. The London rebound stalled at 53.462, just under the old Asian low, and price is back at the 38.2% fib near 53.15.
Support: 53.00, 52.657
Resistance: 53.462, 54.00
What it said to watch
M15 close above the 53.462 London high reopens the Asian range toward 54.00 psych
Failure to hold the 53.00 round number exposes the 52.657 session low
Durable Goods 12:30 UTC and Consumer Confidence 14:00 UTC could materially shift this read
10:18 UTC
Downtrend, London rebound stalling · RSI 47 · price 53.154
Lower highs intact; bounce rejected under broken 53.47 pivot.
Asia sold off from 54.21 to a 52.657 session low as oil-driven Fed-hike bets weigh on silver. London lifted price back over the 53.00 psych level, but the leg met rejection at the 53.46 london high, just under the broken 53.47 pivot. Price now sits on the 38.2% fib of the rebound, with RSI(14) neutral near 47 and price pinned to EMA20.
Support: 53.00, 52.75, 52.657
Resistance: 53.462, 53.775
What it said to watch
Failure to hold the 53.00 psych level exposes the 52.75 range base and the 52.657 session low
M15 close above the 53.46 london high reopens the 53.775 swing high
Durable Goods at 12:30 UTC and Consumer Confidence at 14:00 UTC could materially shift this read
10:05 UTC
Downtrend, London rebound testing breakdown zone · RSI 70 · price 53.462
Higher-low chain off 52.657 session low, pressing 53.50 breakdown zone.
The Asia session slide from 54.21 broke below the 53.00 round number to a 52.657 session low, the fresh lows since Nov 2025 cited in the digest on oil-driven Fed-hike bets. London has since built a rising-lows chain, reclaimed 53.00 and the ema50 near 53.38, and is now retesting the 53.50 breakdown zone at the 50% retrace with RSI(14) near 70.
Support: 53.38, 53.00, 52.657
Resistance: 53.50, 53.775, 54.00
What it said to watch
M15 close above the 53.50 breakdown zone opens the 53.775 swing high, then 54.00 psych
Loss of the London rising lows and the ema50 at 53.38 puts the 53.00 round number back in focus
Break below the 52.657 session low resumes the downtrend
Durable Goods at 12:30 UTC and Consumer Confidence at 14:00 UTC could materially shift this read ahead of Wednesday's FOMC
09:48 UTC
Downtrend, London bounce in progress · RSI 55 · price 53.263
Lower highs intact; higher lows off 52.66 session low.
Asia broke Monday's 53.00 low, which had held on Monday, and the selloff ran to a 52.66 session low as oil-driven Fed-hike bets kept silver offered. The rebound has run through London morning. A higher-lows chain has reclaimed the 53.00 round number, and price is now testing the 38.2% fib of the 54.21–52.66 drop near 53.25. Overhead, the 53.41 spike high and the 53.75 swing high cap the bounce.
Support: 53.00, 52.942, 52.657
Resistance: 53.413, 53.75
What it said to watch
M15 close back below the 53.00 round number and the 52.94 higher low would negate the London rebound
Acceptance above the 53.41 spike high and 50% fib opens the 53.75 swing high
Break of the 52.66 session low resumes the lower-low sequence
US Durable Goods at 12:30 UTC and Consumer Confidence at 14:00 UTC could shift this read ahead of Wednesday's Fed decision
09:32 UTC
Downtrend, London bounce in progress · RSI 51 · price 53.184
Lower highs from Asian high 54.21; higher lows off 52.66 session low.
Asia sold silver from 54.21 through Monday's low at 53.00 to a 52.66 session low, extending the slide to fresh 11-month lows. London has held a run of higher lows near 52.75 and reclaimed 53.00, but the bounce high at 53.215 is stalling just under the 38.2% retrace, with the fib 50% at 53.43 and the old Asian lows near 53.50 overhead.
Support: 53.00, 52.75, 52.657
Resistance: 53.215, 53.43, 53.50
What it said to watch
A close back below 53.00 (monday low) puts the london lows at 52.75 and the 52.66 session low back in play
Acceptance above the 53.215 bounce high opens the fib 50% at 53.43 and the 53.47–53.50 asian lows
A break of the rising London trendline would undercut the higher-low read
US Durable Goods at 12:30 UTC and Consumer Confidence at 14:00 UTC could reset the session range ahead of Wednesday's Fed
09:18 UTC
Downtrend, pausing in a tight base · RSI 43 · price 52.994
Lower highs from Asia, small London range on higher lows.
Silver slid from the 54.21 Asia high through Monday's 53.00 low and set a 52.657 session low just before London open, as the USD firmed into Wednesday's Fed. London has held a 52.74–53.01 range on higher lows. The current bar is retesting the range top, which lines up with the 23.6% fib of the Asia high-low drop and EMA20 near 53.07. RSI(14) is neutral at about 43.
Support: 52.75, 52.657
Resistance: 53.01, 53.40
What it said to watch
M15 close above the 53.01 range top and EMA20 reopens the 53.40 lower high (38.2% fib zone ~53.25)
Loss of the 52.75 higher lows exposes the 52.657 session low; a break there confirms a fresh lower low
US Durable Goods at 12:30 UTC and Consumer Confidence at 14:00 UTC could break the London range
09:06 UTC
Downtrend, pausing near lows · RSI 43 · price 52.994
Lower highs from 54.21; tight London range below broken 53.00.
Asia sold off from 54.21 through Monday's 53.00 low to a 52.657 day low before London open, as firm USD and December Fed-hike bets drove silver to 11-month lows. London has held a tight 52.74–53.01 range and is now retesting the underside of the monday low, which lines up with the falling trendline. RSI(14) sits near 43 and price is below both EMAs.
Support: 52.736, 52.657
Resistance: 53.01, 53.413
What it said to watch
M15 acceptance above 53.01 (monday low) breaks the falling trendline and opens the 53.41 rebound high
Rejection at 53.01 keeps the lower-high sequence intact
Break of the 52.736 london low exposes the 52.657 day low
US Durable Goods 12:30 UTC and Consumer Confidence 14:00 UTC could materially shift this read
08:48 UTC
Downtrend, basing near lows · RSI 35 · price 52.866
Lower highs below 53.00, tight base 52.66–53.01.
The Asia drop from 54.211 broke Monday's 53.004 prior low and printed a fresh 11-month low at 52.657 (asia low), as a firmer USD and Fed-hike pricing weighed. Early London is compressing between a 52.75 base low and falling highs off the 53.413 swing high, with the 53.00 area capping twice. RSI(14) near 35 sits off oversold.
Support: 52.75, 52.657
Resistance: 53.004, 53.413
What it said to watch
M15 close back above 53.004 prior low would negate the breakdown and target the 53.413 swing high near the 50% of the Asia drop
Loss of 52.75 base low, then 52.657 asia low, resumes the lower-low sequence
US Durable Goods at 12:30 UTC and Consumer Confidence at 14:00 UTC could break the base either way
Lower highs through Asia; tight London range capped at the broken 53.00 low.
Asia sold off from the 54.21 session high, broke Monday's 53.00 low and printed a 52.657 session low around London open. Pre-Fed USD firmness and oil-driven hike bets are the backdrop. London has compressed between the london lows near 52.74 and 53.01, where the bounce failed at the broken low; the 53.41 rebound high caps the post-break recovery, and RSI(14) at 36 is lifting off oversold.
Support: 52.736, 52.657
Resistance: 53.01, 53.413
What it said to watch
M15 close back above the 53.01 broken low reclaims the 23.6% fib and opens the 53.41 rebound high
Failure to hold the 52.74 london lows and the 52.657 session low extends the downtrend leg
US Durable Goods at 12:30 UTC, then Consumer Confidence at 14:00 UTC, could break the London range
Lower highs from 54.21 Asia high; 53.00 broken, early London retest from below.
Silver printed a lower-highs sequence from the 54.21 Asia high and broke Monday's 11m low at 53.00 late in the Asia session, extending to a 52.657 session low before basing at 52.75. Early London is probing 53.00 from below on a stronger USD into FOMC. The 50% fib of the 54.21–52.66 drop sits at the 53.41 swing high.
Support: 52.75, 52.657
Resistance: 53.00, 53.41
What it said to watch
M15 acceptance back above 53.00 (11m low) would mark the break as a false break
Loss of 52.75 base low exposes the 52.657 session low
Close above the lower highs trendline and 53.41 swing high/50% fib breaks the intraday downtrend
US Durable Goods 12:30 UTC and Consumer Confidence 14:00 UTC could materially shift this read
08:04 UTC
Downtrend, pausing after breakdown · RSI 26 · price 52.78
Lower highs from 54.21; 53.00 low broken, tight base 52.66–52.95.
Asia rolled over from 54.21 and cut through Monday's 53.00 broken low, the 11-month floor, as the firm pre-FOMC dollar weighed. The bounce high near 53.40 faded and price set a session low at 52.657. It is now holding a tight 52.66–52.95 pause into London open with RSI(14) near 26.
Support: 52.657, 52.50
Resistance: 52.946, 53.00, 53.40
What it said to watch
Close back above 53.00 broken low would mark the breakdown as a false break
Failure to hold the 52.657 session low extends the lower-low chain toward the 52.50 round number
Break above the 52.946 pause high and the lower highs line opens a retest of the 53.40 bounce high and the fib 50%
US Durable Goods at 12:30 UTC could materially shift this read
07:47 UTC
Downtrend, stalling after new low · RSI 29 · price 52.851
Lower highs from 54.21; tight base above 52.66.
The Asia session extended the slide from the 54.21 session high and broke Monday's 53.00 prior low, the 11-month low, with a spike to 52.70 and a 52.66 session low as USD firmed into FOMC. Price is now pinned in a 52.73–52.88 band ahead of London open. The lower-high chain is intact beneath the Asia sell-off trendline, and the 53.41 bounce high is the last rally point.
Support: 52.657, 52.50
Resistance: 52.879, 53.004, 53.413
What it said to watch
M15 acceptance back above the 53.00 prior low would turn the break into a false break
Failure to hold the 52.657 session low extends the lower-low chain toward the 52.50 round number
A close above the 52.88 range top opens the 53.25–53.43 Asia sell-off fib zone, with the 53.41 bounce high just above
US Durable Goods 12:30 UTC and Consumer Confidence 14:00 UTC as USD inputs; FOMC Wed 18:00 UTC could materially shift this read
Lower highs from 54.21 Asian high; 53.00 floor broken, now in a tight 52.66–52.88 range.
Silver broke Monday's 53.00 11m low during late Asia. It swept to 52.70 at 05:30 UTC, then closed decisively below it at 06:15 as firm USD and hawkish-Fed pricing into FOMC kept pressure on. Price is now compressing between the 52.657 session low and the 52.88 range top ahead of London open, under a descending trendline from the 54.21 Asian high, with RSI(14) near 25 after sub-20 readings.
Support: 52.657, 52.50
Resistance: 52.876, 53.004, 53.413
What it said to watch
Close back above the 53.00 11m low would turn the break into a false break
Loss of the 52.657 session low extends the lower-low chain toward the 52.50 round number
Reclaiming the 53.41 lower high near the 50% fib would break the descending trendline sequence
US Durable Goods 12:30 UTC and Conference Board Confidence 14:00 UTC could materially shift this read ahead of Wednesday's FOMC
07:17 UTC
Downtrend, lower highs through Asia · RSI 26 · price 52.783
Break below Monday's 53.00 floor, LH/LL chain from 54.211.
Asia rejected the 54.211 high and sold through Monday's 53.00 low, the broken floor and 11-month low, to a 52.657 session low, with each bounce capped lower at 53.775 and the 53.413 swing high. The move tracks the firm USD and oil-driven hawkish-Fed pricing into FOMC. RSI(14) near 26 is stretched but not extreme, and price is holding just above the session low into the London open.
Support: 52.657, 52.50
Resistance: 53.00, 53.413, 53.775
What it said to watch
M15 close back above the 53.00 broken floor would mark the break as a false break
Failure to hold the 52.657 session low extends the lower-low chain toward the 52.50 round number
A recovery through the 53.413 swing high, and then the 53.775 lower high, breaks the descending resistance structure
US Durable Goods at 12:30 UTC, then Wednesday's FOMC at 18:00 UTC, could materially shift this read
07:04 UTC
Downtrend, oversold after break of 53.00 · RSI 24 · price 52.77
Lower highs and lower lows since the 54.21 Asian high; 53.00 prior low broken.
Asia sold off from the 54.21 session high and broke Monday's 53.00 prior low, the 11-month floor. Bounces are capped by a lower-high chain at 53.78 and the 53.41 bounce high, with firm USD and hawkish Fed pricing into Wednesday's FOMC driving the move. Price is at 52.77 near the 52.66 session low into the London open, and RSI(14) near 24 is oversold.
Support: 52.657, 52.50
Resistance: 53.004, 53.413
What it said to watch
Close back above the 53.00 prior low would mark the break as a false break
Failure to hold the 52.66 session low extends the lower-low chain toward the 52.50 round number
Close above the 53.41 bounce high and the lower-highs line breaks the intraday sequence
US Durable Goods at 12:30 UTC could shift the read via USD and yields
Lower highs and lower lows through Asia; 53.00 YTD low broken.
Late in the Asia session, ahead of the London open, silver has slid about 1,540 pips from the 54.21 Asia high. It broke the 53.00 YTD low and set a session low at 52.67, with pre-FOMC USD strength and hawkish-Fed pricing weighing. Lower highs are capped by the descending trendline. RSI(14) near 21 is deep oversold, and the 52.70 wick showed some demand on the first push lower.
Support: 52.673, 52.50
Resistance: 53.004, 53.413
What it said to watch
Recovery back above the 53.00 ytd low would turn the breakdown into a false break
M15 close above the 53.41 lower high breaks the lower-high chain; 53.78 swing high sits above
Failure to hold the 52.67 session low exposes the 52.50 round number
US Durable Goods 12:30 UTC and Wednesday's FOMC at 18:00 UTC could materially shift this read
Asia broke Monday's low; spike low tested, rebound faded.
Asia session broke Monday's 53.004 prior low, the 11-month floor, and printed a spike low at 52.704 at 05:30 UTC. The rebound stalled at 53.413, a lower high inside the 38.2–50% zone of the Asia sell-off fib, and price is back near the lows ahead of London open. The lower-highs line from 54.211 is intact and RSI(14) sits near 27, with hawkish-Fed pricing keeping bounces offered.
Support: 52.704, 52.50
Resistance: 53.004, 53.413, 53.775
What it said to watch
M15 close back above the 53.004 prior low would turn the break into a false break
Failure to hold the 52.704 spike low extends the lower-low sequence toward the 52.50 round number
Close above the 53.413 lower high breaks the lower-highs chain; the 53.775 swing high sits above
US Durable Goods 12:30 UTC and Wednesday's FOMC could materially shift this read
Lower highs from 54.211; Asia sweep below 53.00 rejected, rebound capped at 53.40.
Asia session extended the lower-high chain from 54.211, with a late-Asia spike to the 52.704 sweep low pushing through the 53.00 YTD low before the bar closed back above it. The rebound stalled at the 53.40 rebound high, under the descending trendline, and price is back near 53.10 ahead of London with RSI(14) near 33. A firm USD into FOMC has kept bounces offered.
Support: 53.004, 52.704
Resistance: 53.398, 53.775
What it said to watch
M15 closes back below the 53.00 YTD low negate the sweep rejection and leave the 52.704 sweep low exposed
Recovery above the 53.40 rebound high and the descending trendline breaks the lower-high chain, with the 53.775 lower high next
US Durable Goods at 12:30 UTC and Wednesday's FOMC could materially shift this read
06:04 UTC
Downtrend, lower highs through Asia · RSI 35 · price 53.299
Lower highs from 54.211; YTD-low sweep to 52.704 reclaimed.
Late Asia session extended the lower-high chain from the 54.211 session high. Price swept below the 53.00 ytd low to the 52.704 sweep low before the bar closed back near 53.21, leaving price at 53.30 just above that floor. RSI(14) sits near 35 and ATR(14) is about 200 pips, with oil-driven hawkish-Fed pricing into Wednesday's FOMC capping rebounds.
Support: 53.004, 52.704
Resistance: 53.413, 53.775, 54.211
What it said to watch
M15 close back below the 53.00 ytd low turns the sweep into a breakdown and puts the 52.704 sweep low back in play
Acceptance above the 53.413 rebound high, then the 53.775 lower high, breaks the lower-high chain; the 54.211 session high sits above
US Durable Goods at 12:30 UTC and the FOMC on Wednesday at 18:00 UTC could materially shift this read
05:47 UTC
Downtrend, oversold after a sweep · RSI 28 · price 53.196
Lower highs from the 54.21 Asia high; sweep below 53.00 reclaimed.
Asia session slid from the 54.21 Asia high in a lower-high chain as USD stayed firm into FOMC. The 05:30 UTC bar swept the 53.00 yearly low to a 52.70 sweep low, then closed back at 53.21. RSI(14) sits near 28 and price is capped under the 53.47 prior low heading into London open.
Support: 53.00, 52.704
Resistance: 53.468, 54.211
What it said to watch
M15 close below the 53.00 yearly low turns the sweep into a clean break, with the 52.70 sweep low next
Reclaim of the 53.47 prior low and the 53.78 swing high breaks the lower-high chain
Durable Goods 12:30 UTC and Consumer Confidence 14:00 UTC, with FOMC Wed 18:00 UTC, could materially shift this read
Lower highs from 54.21; 53.00 yearly low broken in late Asia.
Late Asia session: silver extended a lower-high sequence from the 54.21 Asian high and broke through the 53.00 yearly low that held during Monday's NY session, printing 52.70 with RSI(14) near 17. 53.00 now sits overhead as a broken low as Fed-hike pricing tied to oil keeps metals heavy into FOMC.
Support: 52.704, 52.50
Resistance: 53.00, 53.468
What it said to watch
M15 close back above 53.00 broken low turns the range break into a false break
53.47 swing low and the lower-highs trendline from 54.21 cap rebounds; a close above the 53.78 swing high breaks the lower-high chain
Acceptance below the 52.70 session low with RSI still sub-20 leaves the 52.50 round number exposed into London open
Durable Goods 12:30 UTC and Wednesday's FOMC at 18:00 UTC could materially shift this read
05:17 UTC
Intraday downtrend, extending into late Asia · RSI 31 · price 53.313
Lower highs and lower lows since the 54.211 Asian high.
Asia rejected the 54.211 Asian high and has stepped lower through Monday's late 53.77–54.00 range. The 53.775 lower high held, and the 53.468 prior low has given way to a 53.295 session low with RSI(14) near 31. Price sits about 30 cents above the 53.00 yearly low that absorbed Monday's NY flush, with a firm USD into FOMC as the backdrop.
Support: 53.295, 53.004
Resistance: 53.468, 53.775, 54.211
What it said to watch
Failure to hold the 53.295 session low exposes the 53.00 yearly low; an M15 close below 53.00 breaks Monday's NY defence
Reclaim of 53.468 prior low, then 53.775 lower high, invalidates the lower-high line and the downtrend read
Durable Goods 12:30 UTC (f/c 0.6%) could materially shift this read
FOMC Wed 18:00 UTC is the dominant event risk for the 53.00 area
Lower highs and lower lows since the 54.211 Asian high; Monday's 53.773 floor broken.
Asia session failed at the 54.211 Asian high and broke below Monday's 53.773 broken low. It has since printed a chain of lower highs into a fresh session low at 53.426, with USD firm into FOMC. RSI(14) near 34 is not yet oversold, and Monday's 53.004 low, where buyers stepped in at the NY open, is the next reference below.
Support: 53.426, 53.004
Resistance: 53.775, 54.211
What it said to watch
M15 close back above 53.775 broken low and the lower-highs trendline negates the lower-high sequence
Break of the 53.426 session low leaves the 53.004 Monday low exposed
A bounce into the 50% retrace of the Asia drop (~53.82) would overlap the broken low
Durable Goods at 12:30 UTC and Consumer Confidence at 14:00 UTC could materially shift this read ahead of Wednesday's FOMC
Lower highs from the Asia high, retesting the Asian low.
Late in the Asia session, silver has fallen from the 54.211 Asia high in a lower-high sequence. The bounce off 53.468 stalled at the 53.775 lower high, near the 38.2% retrace, and price is now back on the asian low with RSI(14) near 32. Below sits Monday's NY low at 53.004, the yearly-low line in focus as firm USD and hawkish Fed pricing keep pressure on the metal.
Support: 53.468, 53.004
Resistance: 53.775, 54.211
What it said to watch
Break below the 53.468 asian low extends the lower-low sequence toward the 53.004 ny low
Recovery above the 53.775 lower high breaks the Asia downtrend line and neutralises the sequence
London open is about 2h out and may test the Asian range extremes
Durable Goods at 12:30 UTC and Wednesday's FOMC could materially shift this read
Lower high at 54.21, early-Asia range broken lower, shallow retrace.
Asia session met supply at the 54.21 asia high, short of the 54.30 monday high, then broke the early-Asia range lower to a 53.47 session low. Easing crude has not lifted silver. The bounce has stalled at a 53.78 bounce high near the 38.2% retrace, and price sits below EMA20.
Support: 53.468, 53.004
Resistance: 54.211, 54.299
What it said to watch
Break of the 53.47 session low exposes the 53.00 monday low, the line held into FOMC
Close above the 53.78 bounce high neutralises the Asia leg lower and reopens the 54.21 asia high
Hold above the 54.30 monday high invalidates the lower-high read
London open in ~2.5h is the first test of the Asian range
US Durable Goods 12:30 UTC (f/c 0.6%) could materially shift this read
04:17 UTC
Downtrend, lower highs since Monday NY · RSI 44 · price 53.717
Asia rejection at 54.211, lower low at 53.468, weak bounce.
Late Asia session: price was rejected at the 54.211 Asia high, a lower high under Monday's 54.299 peak, and slid to a 53.468 Asia low. The bounce is stalling at the 53.75 bounce high, which is also the 38.2% retrace of the Asia drop. Oil-driven hawkish Fed pricing keeps silver heavy above the Monday low at 53.00.
Support: 53.468, 53.004
Resistance: 53.75, 54.00, 54.211
What it said to watch
M15 close above the 53.75 bounce high and the 54.00 round number would break the lower-highs line and the Asia drop fib cap
Failure to hold the 53.468 Asia low extends the lower-low chain toward the 53.00 Monday low
Clearing the 54.211 Asia high invalidates the downtrend read
US Durable Goods at 12:30 UTC, ahead of Wednesday's FOMC, could materially shift this read
Asian range broken lower, lower highs and lower lows off 54.211.
The Asia session was rejected at the 54.211 session high and broke below the asian low at 53.818, printing a session low at 53.468. The bounce stalled at 53.75, the 38.2% fib of that drop, with RSI(14) near 41 as the dollar firms into FOMC.
Support: 53.468, 53.004
Resistance: 53.75, 53.818, 54.211
What it said to watch
An M15 close back above the 53.818 asian low puts price back inside the Asian range and undercuts the breakdown read
Lower highs from 54.211 cap the bounce. A break of that descending line and the 38.2% fib at 53.75 would signal the drop is being retraced
Failure to hold the 53.468 session low exposes the 53.00 yearly low that buyers defended in Monday's first hour of NY
Durable Goods at 12:30 UTC and Consumer Confidence at 14:00 UTC could shift this read ahead of Wednesday's FOMC
Lower high at 54.211, Asian range low 53.82 broken.
Monday NY dipped to the 53.00 yearly low and rebounded to the 54.30 prior high, and the Asia high at 54.211 printed a lower high. Late in the Asia session price broke the 53.82 Asian range low and set a session low at 53.468 as USD stayed firm into FOMC. It is now retracing that leg near the 38.2% fib at 53.75, with the 53.876 lower high overhead.
Support: 53.468, 53.004
Resistance: 53.876, 54.211, 54.299
What it said to watch
M15 close above the 53.876 lower high puts the 53.82–53.88 broken range back in play toward the 54.211 asia high
Failure to hold the 53.468 session low exposes the 53.00 yearly low
Rejection in the 53.75–53.93 fib zone keeps the lower-high sequence intact
Durable Goods at 12:30 UTC and Wednesday's FOMC could materially shift this read
03:32 UTC
Intraday downtrend, lower highs since Asia rejection · RSI 33 · price 53.575
Lower-high/lower-low chain off the 54.21 Asian high, holding just above the 53.47 session low.
Asia pushed to a 54.21 Asian high, then one bar wiped out the advance. Each bounce since has stalled at a lower high, the latest near 53.87, and price is sitting just above the 53.47 session low with RSI(14) around 33. The repeated failure to hold above the $54 psych level fits the digest's read of a market pinned below $54 into FOMC, with Monday's NY flush to the 53.00 Monday low the next reference below.
Support: 53.468, 53.004
Resistance: 54.00, 54.211
What it said to watch
Break of the 53.468 session low extends the lower-low chain toward the 53.00 Monday low
M15 close back above the 53.87 lower high and the Asia-fade trendline negates the downtrend read; reclaiming the 54.00 psych level and the 54.21 Asian high would erase the Asia fade entirely
US Durable Goods 12:30 UTC and Consumer Confidence 14:00 UTC could set NY-session tone ahead of Wednesday's FOMC
03:17 UTC
Downtrend, lower highs through Asia · RSI 37 · price 53.533
Asian range break lower, lower-high/lower-low chain.
Late Asia session: rejection at the 54.211 session high started a session drop that broke the Asian low at 53.818, with a lower high capped at 53.876 and price now pressing the 53.489 session low. This echoes the digest's failed acceptance above $54.00 as oil-driven Fed hike bets weigh. RSI(14) near 37 is soft but not oversold, leaving yesterday's 53.004 NY-session prior low as the next reference below.
Support: 53.489, 53.004
Resistance: 53.818, 53.876, 54.211
What it said to watch
M15 close back above the 53.818 asian low puts price back inside the Asian range
Close above the 53.876 lower high breaks the lower-high sequence
Failure to hold the 53.489 session low exposes the 53.004 prior low and YTD floor
Durable Goods 12:30 UTC and FOMC Wed 18:00 UTC could materially shift this read
Asian range broken lower after a failed spike higher.
A late-Asia spike to a 54.211 session high was rejected within a bar. The drop broke the 53.818 asian low and set a 53.503 session low, with RSI(14) near 38, and lower highs from yesterday's 54.299 NY peak keep the descending trendline intact. The pattern matches the digest's read of rallies failing to find acceptance above $54.00, and yesterday's 53.004 prior low sits just above the YTD low.
Support: 53.503, 53.004
Resistance: 53.818, 54.211
What it said to watch
Failure to hold the 53.503 session low exposes the 53.004 prior low and YTD low area
An M15 close back above the 53.818 asian low would undercut the range-break read
A recovery through the 61.8% retrace of the 54.211–53.503 drop would challenge the descending trendline
US Durable Goods at 12:30 UTC could shift tone, with Wednesday's FOMC the larger risk
Lower highs; Asian range broken lower after a rejection at the session high.
Asia session swept above 54.20 and reversed hard, losing 54.00 psych and printing a session low at 53.645, at the 50% retrace of yesterday's NY rebound from the 53.004 ny low. Lower highs at 54.30 and 54.21 keep rallies capped as USD firms into FOMC; RSI(14) near 40 and ATR about 140 pips.
Support: 53.645, 53.508, 53.004
Resistance: 54.00, 54.211
What it said to watch
Close above the 54.211 session high breaks the lower-highs sequence; repeated failures below 54.00 psych keep it intact
Loss of the 53.645 session low exposes the 61.8% fib at 53.508, then the 53.004 ny low
US Durable Goods at 12:30 UTC and Wednesday's FOMC at 18:00 UTC could materially shift this read
Asian range broken lower after a rejection at the session high.
Early Asia: the overnight 53.82–54.21 range broke lower after a rejection at the 54.21 session high. A 43-cent bar printed a 53.645 session low, and price is back below the 54.00 round number with RSI(14) at 43. That fits the digest's theme of rallies failing to find acceptance above $54 into Wednesday's FOMC, with Monday's NY sweep to the 53.00 monday low still the reference below.
Support: 53.645, 53.508, 53.004
Resistance: 53.818, 54.00, 54.211
What it said to watch
M15 close back above the 53.82 range floor would turn the break into a false break
Loss of the 53.645 session low exposes the 53.51 swing low, then the 53.00 monday low
A break of the lower-highs line from Monday's 54.30 high, or a close above the 54.21 session high, invalidates the read
US Durable Goods at 12:30 UTC sets the tone; the FOMC on Wed 18:00 UTC could materially shift this read
Asia range broken lower, low holding above prior Asia low.
The Asia session was rejected at the 54.21 session high and dropped through its own range to a 53.645 session low, just above the prior 53.60 Asia low. Since the NY rebound off the 53.00 swing low, the 54.00 psych level has capped bounces, leaving a lower high under the 54.30 NY high ahead of Wednesday's FOMC.
Support: 53.645, 53.603, 53.004
Resistance: 54.00, 54.211, 54.299
What it said to watch
M15 close below the 53.645 session low and 53.60 Asia low exposes the 53.00 swing low
Reclaiming 54.00 psych and closing above the 54.21 session high breaks the lower highs line
Durable Goods at 12:30 UTC could reset the intraday range; FOMC Wed 18:00 UTC is the larger risk
02:04 UTC
Range, breaking lower late in Asia · RSI 41 · price 53.741
Asian range 53.818–54.211 broken to the downside after a rejection at the session high.
Tuesday's Asia session was rejected at the 54.211 session high. A single ~430-pip bar then broke the 53.818 Asian low as silver slipped after Trump ruled out immediate strikes on Iran. Price now sits below EMA20/50 with RSI(14) near 41, holding just above the 53.674 session low and the 50% retrace (~53.65) of yesterday's 53.004–54.299 NY rebound.
Support: 53.674, 53.603, 53.004
Resistance: 53.818, 54.211, 54.393
What it said to watch
Failure to reclaim 53.818 (asian low) keeps the range break intact; a close back above it reads as a false break
Loss of the 53.674 session low exposes the 53.603 swing low and the 50% retrace near 53.65
53.004 prior low (YTD-low zone) is the next structural floor below
A close above the 54.211 session high reopens the 54.393 prior high
US Durable Goods at 12:30 UTC (f/c 0.6%) could shift this read ahead of Wednesday's Fed
Monday's NY open swept down to 53.00 near the ytd low before recovering to a 54.30 prior high, with the late-day pullback holding the 53.77 swing low around the 38.2% retracement of the NY rally. Tuesday's Asian session has printed higher highs to a 54.21 session high off a flat 53.81 session low, above Monday's 53.97 close, with price trading at 54.06 and pre-Fed caution capping rallies.
Support: 53.81, 53.77, 53.00
Resistance: 54.21, 54.30
What it said to watch
M15 close above the 54.21 session high and 54.30 prior high breaks the post-sweep consolidation ceiling
Loss of the 53.81 session low exposes the 53.77 swing low and the 38.2% NY rally fib
A move back toward 53.00 retests the ytd low swept on Monday
US Durable Goods at 12:30 UTC and FOMC Wednesday could materially shift this read
Asian range 53.81–54.13, price pressing the Asian high.
Monday's NY session swept the $53.03 YTD low to a sweep low at 53.004, then rebounded to a 54.299 NY high, with buyers defending the $53 area. Supply capped that high and price faded to a 53.77 swing low. The Asian session has held a 53.81–54.13 range above the 38.2% retrace of the sweep rebound, and price is now pressing the Asian high. RSI(14) is near 60, short of overbought.
Support: 53.81, 53.773, 53.004
Resistance: 54.131, 54.299, 54.393
What it said to watch
M15 close above the 54.30 NY high opens the prior high at 54.39
Failure to hold the Asian low at 53.81 exposes the swing low at 53.77 and the 50% sweep rebound fib near 53.65
Durable Goods at 12:30 UTC could shift this read, and the Wed FOMC is the main event risk
Asian range 53.82–54.11 inside Monday's NY rebound range.
Early Asia session, silver is holding just above 54.00 inside a 53.82–54.11 Asian range. NY recovered Monday's sweep to the 53.00 ytd low and then stalled at the 54.30 ny high. The 53.82 asian low and 53.77 ny low sit on the 38.2% of that NY rebound, with RSI(14) neutral near 54 and price only marginally above both EMAs as pre-Fed caution caps rallies.
Support: 53.818, 53.773, 53.004
Resistance: 54.107, 54.299, 54.393
What it said to watch
A break of the 54.11 asian high exposes the 54.30 ny high; acceptance above that brings the 54.39 prior high into view
Loss of the 53.82 asian low and 53.77 ny low breaks the 38.2% NY rebound fib and reopens the path toward the 53.00 ytd low
Durable Goods at 12:30 UTC and Consumer Confidence at 14:00 UTC could break the Asian range; Wednesday's FOMC is the larger risk
01:05 UTC
Sideways, momentum flat · RSI 49 · price 53.917
Lower highs off NY high, tight Asian range.
Monday's NY session swept to a 53.004 spike low near the YTD low before a V-shaped recovery to the 54.299 NY high. Price has since faded on lower highs into a tight Asian range of 53.818–54.062, sitting just above the 38.2% retracement of that recovery, with pre-Fed caution keeping silver capped near $54.
Support: 53.818, 53.773, 53.004
Resistance: 54.062, 54.299, 54.393
What it said to watch
Break below the 53.773 swing low and 38.2% zone exposes the 53.004 spike low
M15 close above the 54.062 Asian high breaks the lower-highs line and reopens 54.299 NY high, then 54.393 Monday high
US Durable Goods at 12:30 UTC could materially shift this read
Higher low at 53.77 after the 53.00 low; Asian range 53.82–54.06 still intact.
Monday's NY session held the ytd low at 53.00, near the 53.03 area the digest flags, and reversed to a 54.30 NY high. The late-NY fade stopped at the 53.77 ny swing low, close to the 38.2% fib, leaving a higher low. Early Asia is compressing inside 53.82–54.06 right at the $54 handle, with RSI(14) mid-50s and no momentum extreme.
Support: 53.818, 53.773, 53.004
Resistance: 54.062, 54.299, 54.393
What it said to watch
M15 close above the 54.06 asian high breaks the range and puts the 54.30 ny high and 54.39 monday high back in play
Failure to hold the 53.82 asian low and 53.77 ny swing low exposes the 50%/61.8% fib at 53.65/53.50, then the 53.00 ytd low
Durable Goods at 12:30 UTC and Consumer Confidence at 14:00 UTC could break the Asian range before Wednesday's FOMC
Asian range 53.818–54.062 under a lower-highs line from 54.299.
Monday's NY rebound from the 53.004 monday low faded from the 54.299 swing high, and early Asia is coiling between the 53.818 asian low and 54.062 asian high under a lower-highs line. The spike to 54.062 was rejected back to 53.95, with RSI(14) neutral near 51 as pre-Fed caution caps rallies.
Support: 53.818, 53.773, 53.004
Resistance: 54.062, 54.299
What it said to watch
M15 close above the 54.062 asian high and the lower-highs line points to a retest of the 54.299 swing high
Failure to hold the 53.818 asian low exposes the 53.773 ny low
Loss of the ny low reopens the 53.004 monday low area
US Durable Goods at 12:30 UTC and Wednesday's FOMC could materially shift this read
Tight Asian range above NY low after V-rebound from 53.00.
NY hours swept the $53.00 YTD-low area (sweep low 53.004), as the digest notes buyers defending that zone, then snapped back to the 54.273 NY high before fading. The 53.773 NY low held near the 38.2% of the rebound fib, and early Asia is boxed 53.818–54.062 with RSI(14) near 55 and price hugging flat EMAs.
Support: 53.818, 53.773, 53.004
Resistance: 54.062, 54.273, 54.393
What it said to watch
Break of the 53.773 NY low exposes the rebound fib 50% at 53.639
Close above the 54.062 asian high reopens the 54.273 ny high, then the 54.393 day high
Loss of the 53.818 asian low turns the Asian range into a lower-high sequence
US Durable Goods at 12:30 UTC and Consumer Confidence at 14:00 UTC could materially shift this read ahead of Wednesday's FOMC
00:04 UTC
Range after rebound, lower highs forming · RSI 45 · price 53.872
Tight Asian range inside the 53.004–54.299 rebound; lower highs since the NY high.
Early Asia session is boxed in a 53.818–53.98 Asian range after NY hours faded from the 54.299 ny high. Price has retraced about a third of the rebound from Monday's 53.004 sweep low near the $53 YTD floor, with lower highs capping the tape and RSI(14) neutral near 45.
Support: 53.818, 53.773, 53.004
Resistance: 53.98, 54.299, 54.393
What it said to watch
A break of the 53.818 asian low and the 53.773 ny low puts the fib 38.2 area near 53.80 in play, then the 50% at 53.65
A close above the 53.98 asian high clears the lower highs line; reclaiming the 54.299 ny high exposes the 54.393 day high
Loss of the 53.004 sweep low would void the rebound structure
Durable Goods Tue 12:30 UTC and Wednesday's Fed decision could break the Asian range