21:09 UTC
Range inside broader downtrend, lower highs · RSI 46 · price 63.642
Descending highs against 62.30 floor since Aug 28 high.
Silver has held a 62.30–68.30 range for four weeks since the 71.17 aug high, with lower highs at 68.31 and 67.53 compressing price toward the range floor. Last week's rejection at the 67.53 lower high came as Fed officials backed another hike and US 10y yields pushed toward 5.23%, dragging price back below a flattening ema50 near 64.88 and toward the 63.06 swing low. RSI(14) near 46 is neutral, and the July-to-August advance has retraced to between its 38.2% and 50% levels, with the 61.8% fib at 61.02 below the floor.
Support: 63.06, 62.30, 61.02
Resistance: 64.88, 67.53, 71.17
What it said to watch
- Daily close below the 62.30 range floor breaks the September base and exposes the 61.8% fib at 61.02
- Failure to hold the 63.06 swing low puts the range floor back under test within days
- Close back above the ema50 near 64.88 returns price to mid-range; a close above the 67.53 lower high breaks the descending-top sequence and reopens the 71.17 aug high
- JOLTS and heavy Fedspeak Tue, then ADP Wed (f/c 72K), could shift yields and materially change this read