Monday impulse lower, Tuesday base 60.29–61.34, broken to the upside late NY.
Silver gapped under Friday's close at the 64.08 weekly open and sold off through 62.00 in Monday's London and NY sessions as yields and the USD pushed higher on hawkish Fed pricing. Tuesday printed a 60.29 week low and then a series of higher lows. Late in NY hours it cleared the 61.00 round number and the 61.34 prior cap, extending into the Asia session to 61.71, just shy of the 61.74 fib 38.2 of the Monday impulse. Price sits above EMA20 (~61.12) and is pressing EMA50 (~61.54), with RSI(14) near 58 after Monday's washout, while Monday's 61.80 lower high caps the bounce.
Support: 61.34, 61.00, 60.29
Resistance: 61.74, 61.80, 62.12
What it said to watch
H1 close back below the 61.34 prior cap and the 61.00 round number returns price to the Tuesday range
Acceptance above the 61.74 fib 38.2 and the 61.80 lower high exposes 62.12 broken support
Break of the Tuesday higher-low trendline and the 60.29 week low resumes the downtrend sequence
ADP at 12:15 UTC and Core PCE at 12:30 UTC Wednesday (f/c 3.3%) could materially shift this read
Lower-highs line broken; higher lows off 60.29 week low.
The Monday leg from 64.08 set the week's structure, with the gap-down open extending through Asia and London on surging Treasury yields and a firm USD. Tuesday's 60.29 week low came with RSI(14) holding above Monday's trough (bullish divergence), and price then carved higher lows off the tuesday base near 60.70. During NY hours price broke the lower-highs line from the 61.80 monday high, reclaimed EMA(20) near 61.08 and is pressing the 61.51 session high just under EMA(50) around 61.54.
Support: 61.08, 60.70, 60.289
Resistance: 61.508, 61.803, 62.00
What it said to watch
H1 close above the 61.80 monday high and 38.2% of the monday leg exposes the 62.00 broken supp
Slip back below EMA(20) and 61.00 puts the tuesday base near 60.70 back in focus
Break of the higher-lows line and the 60.29 week low resumes the downtrend
ADP (12:15 UTC) and Core PCE (12:30 UTC) Wednesday could materially shift this read
Lower highs from 65.08; Tuesday higher lows off 60.29.
Silver opened the week near 64.00 and shed more than $3.70 into Tuesday's Asia-session week low at 60.289, as surging Treasury yields and a firm dollar extended Monday's break of 62.00. Tuesday then printed a run of higher lows near 60.70. A late NY-session push reclaimed the ema20 and the 61.00 area and cleared the lower-high line from Monday, leaving price pinned at the 23.6% fib near 61.42, just under the ema50 at 61.54. RSI(14) sits near 57 after a bullish divergence at the week low (about 33 versus 26 on Monday's first flush).
Support: 61.04, 60.70, 60.289
Resistance: 61.54, 61.80, 62.12
What it said to watch
H1 close above the ema50 at 61.54 and the Monday NY high at 61.80 would mark the first higher high of the week. The 38.2% fib at 62.12 aligns with Monday's Asia prior high and broken 62.00 support.
Failure to hold the ema20 near 61.04, then a break of the higher lows around 60.70, restores the downtrend read and exposes the 60.289 week low.
Waller's remarks tonight, then ADP at 12:15 UTC and Core PCE at 12:30 UTC Wednesday (f/c 3.3%), could materially shift this read.
Lower highs from week open; higher lows since 60.29 week low.
Silver collapsed from the 64.01 week open through Monday's Asia and London sessions as 10y yields and USD surged. The slide extended to a 60.29 week low in Tuesday's Asian range, with RSI(14) printing a higher low there for a bullish divergence. Higher lows have formed since, and a late NY-session push cleared the 61.00 cap, the Tuesday high at 61.34 and the lower-high line despite the JOLTS miss offering little relief earlier. Price now sits above EMA(20) near 61.00 but below EMA(50) around 61.70, which clusters with the 38.2% fib and Monday's 61.80 swing high.
Support: 61.34, 61.00, 60.29
Resistance: 61.70, 61.80, 62.00
What it said to watch
An H1 close back below the tue high at 61.34 and EMA20 near 61.00 would turn the break into a false break and return price to Tuesday's range
Acceptance above the EMA50 and 38.2% fib zone at 61.70–61.80 swing high opens the broken supp at 62.00
Loss of the 60.29 week low confirms another lower-low in the downtrend
A break of the higher lows line from the week low would undo the base read
ADP at 12:15 UTC and Core PCE at 12:30 UTC Wednesday (f/c 3.3%) could materially shift this read
Lower highs/lows from 65.08; 60.29–61.34 band since Tuesday.
Monday's selloff ran from the 64.01 weekly open through the Asia and London sessions and extended to the 60.29 week low in Tuesday's Asia session, as firm yields and a bid USD kept pressure on silver. Since then H1 has compressed in a 60.29–61.34 band. Price is back above ema20 (60.93) with RSI(14) recovered to ~50, and the tuesday base near 60.70 has held three times. The JOLTS-miss spike to the tuesday high at 61.34 faded within the hour, and the 61 cap is being tested again.
Support: 60.93, 60.70, 60.289
Resistance: 61.342, 61.803
What it said to watch
H1 close above the tuesday high at 61.34 breaks the lower-high line and opens the monday high at 61.80, near the 38.2% retrace of the monday selloff
Failure at the 61 cap plus a close below ema20 and the higher-low line puts the tuesday base at 60.70 back in play; losing it exposes the week low at 60.29
Fed's Williams (18:00 UTC) and Waller (19:00 UTC) tonight could shift the read
ADP (12:15 UTC) and core PCE (12:30 UTC) on Wednesday are the likely trigger for a break of the 60.29–61.34 band
Lower highs after Monday's breakdown; tight 60.29–61.34 range.
Monday's slide from the 64.01 weekly open began in the Asia session and cut through 62.00. London and NY extended it to the 61.80 Monday NY high rejection and a 60.74 low, before the Tuesday low printed at 60.29 during Asia hours. The NY-session bounce reached the 61.34 Tuesday high, short of the 38.2% retracement of the week's drop, then fell back below the 61.00 psych cap and under EMA(20). That keeps the lower-highs sequence intact as hawkish Fed pricing and 5.2% 10y yields weigh, with today's JOLTS miss giving the metal no lift.
Support: 60.289, 60.00
Resistance: 61.00, 61.342, 61.803
What it said to watch
H1 close above the 61.34 Tuesday high breaks the lower-highs trendline; the 61.80 Mon NY high sits just above the 38.2% fib
Repeated failures at the 61.00 psych cap keep the range read in place
Break of the 60.29 Tuesday low exposes the 60.00 round number and extends the downtrend
Fed's Williams (18:00 UTC) and Waller (19:00 UTC) today, then ADP 12:15 and PCE 12:30 UTC Wednesday, could materially shift this read
16:04 UTC
Downtrend, pausing near the lows · RSI 46 · price 60.83
Lower highs below EMA(20); tight 60.29–61.34 base after Monday's impulse.
Silver has shed roughly $3.70 since Monday's 64.01 open. Most of the slide came in Asia and London hours, and a further NY-session leg below 61.00 pushed price down to the 60.29 week low early Tuesday, with hawkish Fed pricing and yields near 19-year highs doing the damage while the JOLTS miss gave no lift. Tuesday has compressed into a 60.29–61.34 base. The NY-hours spike through the ema20 met rejection at the tuesday high, just above the 23.6% retracement of the Monday drop fib, leaving a lower high beneath Monday's 61.80 mon ny high.
Support: 60.29, 60.00
Resistance: 60.93, 61.34, 61.80
What it said to watch
H1 close below the 60.29 week low extends the downtrend toward the 60.00 psych figure
H1 close above the 61.34 tuesday high breaks the lower-high trendline and opens the 61.80 mon ny high (38.2% of the Monday drop fib)
Price holding below the ema20 near 60.93 keeps the consolidation corrective
Fed's Williams (18:00 UTC) and Waller (19:00 UTC) today could shift October hike odds and this read
ADP (12:15 UTC) and PCE (12:30 UTC) on Wednesday are the next volatility risk for the 60.29–61.34 base
Lower highs from 65.08 Friday; Tuesday base at 60.29, lower-highs trendline broken.
Silver has traded in a downtrend since Friday's 65.08 lower high. Monday's Asia and early-London slide, driven by surging yields and hawkish Fed pricing, took price from the 64.01 weekly open through 62.00, and a NY-session rejection at the 61.80 lower high capped the rebound. Tuesday's 60.29 swing low printed with a higher RSI(14) low than Monday's (~33 vs ~26), and the NY-session bar after the JOLTS miss cleared the lower-highs trendline and put price back above EMA(20) near 60.98, with the day high at 61.34 sitting just under the 23.6% level of the sell-off fib.
Support: 60.98, 60.29, 60.00
Resistance: 61.34, 61.80, 62.12
What it said to watch
Hold above the 61.34 day high opens the 61.80 lower high, where EMA(50) also sits, with the 38.2% fib at 62.12 above
H1 close back below EMA(20) at 60.98 and the higher lows trendline returns the read to the downtrend
Break of the 60.29 swing low voids the RSI divergence and exposes the 60.00 psych level
Fed speakers Williams (18:00 UTC) and Waller (19:00 UTC) today, then ADP and PCE from 12:15 UTC tomorrow, could materially shift this read
Lower highs from Friday's 65.08; Tuesday higher lows off 60.29.
The week opened on a gap below Friday's 64.32 close, and Monday's slide ran through the Asia and London sessions to 60.94 as yields and the USD pushed higher. The NY-session bounce to 61.80 was rejected within the hour, marking the Mon NY high. Since Tuesday's 60.29 low, price has built higher lows along a rising trendline and now presses the 61.10 day high above EMA(20) but below EMA(50), with RSI(14) back near 45 and still under 50; the fib 23.6 of the Friday-to-Tuesday drop sits at 61.42.
Support: 60.69, 60.29, 60.00
Resistance: 61.10, 61.42, 61.80
What it said to watch
H1 close above the 61.10 day high opens the fib 23.6 at 61.42, then the 61.80 Mon NY high
Break of the higher-low trendline near 60.69 returns focus to the 60.29 Tuesday low and the 60.00 psych level
JOLTS and Consumer Confidence at 14:00 UTC, then Fedspeak 15:00-19:00 UTC (Williams, Waller), could materially shift this read
ADP Wed 12:15 UTC (f/c 72K) plus GDP and spending at 12:30 UTC are the next scheduled volatility risk
Lower highs and lower lows since Friday's 65.08 peak; Tuesday compressing in a 60.29–61.07 band below EMA20.
Silver has printed lower highs since Friday's 65.08 peak. Monday's ~5% slide, led by the Asia session as stalled US-Iran talks lifted oil, yields and Fed-hike pricing, cut through 63.00 and 62.00 before stalling near the monday low at 60.60. Tuesday's London bounce to the 61.07 day high was rejected at the ema20 (~60.90) and the lower-high trendline off Monday's 61.80 NY peak, and RSI(14) near 37 printed a higher reading at the 60.29 week low than at Monday's low, a mild bullish divergence, while price holds below both EMAs and under the fib's 23.6% at 61.42.
Support: 60.60, 60.29, 60.00
Resistance: 60.90, 61.07, 61.80
What it said to watch
H1 close above the 61.07 day high and the lower-high trendline breaks Tuesday's compression, bringing 61.42 (23.6% fib) and the 61.80 lower high into play
Failure at the 60.29 week low extends the lower-low sequence toward the 60.00 round number
JOLTS and Consumer Confidence at 14:00 UTC, then Williams (18:00) and Waller (19:00) Fedspeak, could materially shift this read
ADP Wednesday 12:15 UTC (f/c 72K) is the next high-impact risk for yields and silver
Lower highs from Friday's 65.08; tight 60.29–61.07 range Tuesday.
Silver unwound from the 64.08 weekly open in Monday's Asia session and extended through London as hawkish Fed pricing and yields near 19-year highs broke the 62.00/62.30 support. The NY bounce stalled at a 61.80 lower high, close to the 38.2% retracement of the Monday flush. Tuesday has set a 60.29 swing low, printed higher lows since and reclaimed the Monday low near 60.60, with price pressing EMA(20) at ~60.95 under the 61.07 day high; RSI(14) near 43 shows a bullish divergence against Monday's close low.
Support: 60.60, 60.29, 60.00
Resistance: 61.07, 61.80, 62.30
What it said to watch
An H1 close above the 61.07 day high breaks Tuesday's range and brings the 61.80 lower high / 38.2% fib into play
Loss of the higher lows and a close below the 60.29 swing low extends the downtrend toward the 60.00 round number
The 62.30 range floor, broken Monday, now sits overhead as resistance
JOLTS and Consumer Confidence at 14:00 UTC, plus Williams (18:00) and Waller (19:00 UTC), could materially shift this read
Lower highs and lower lows since Monday; tight base 60.29–61.02.
Monday's selloff from the 64.08 weekly open started in the Asia session and extended through London, driven by oil-fuelled Fed hike bets and 10y yields near 19-year highs. The NY rebound stalled at 61.80, the lower high near the 38.2% retracement of the move, and reversed sharply. Tuesday's Asia low at the 60.29 week low set a fresh lower low; the bounce since has been capped under 61.00 and EMA(20) near 60.94, with price pressing the lower-high line from Monday's 61.80 high and RSI(14) recovering to about 42 from oversold.
Support: 60.289, 60.00
Resistance: 60.94, 61.803, 62.00
What it said to watch
H1 close above EMA(20) and 61.00 clears the lower-high line and puts the 61.80 lower high back in play
Failure to hold the 60.29 week low confirms another lower-low and exposes 60.00 psych
A recovery toward 62.00 would test former support from the broken mid-August range floor
JOLTS and Consumer Confidence at 14:00 UTC plus Williams and Waller later today could materially shift this read
Lower highs below EMA20; tight 60.29–61.02 range after Monday rout.
The Monday rout gapped below Friday's 64.32 close and started in the Asia session. It then broke through the 62.00 broken sup and extended into NY hours to 60.74, as oil-driven Fed-hike repricing and 10y yields near 5.27% weighed on silver. Tuesday's Asia swing low at 60.289 printed with RSI(14) holding above Monday's trough, a mild bullish divergence. The bounce stalled at the 61.015 tue high just above EMA(20) (~60.93), extending the lower-highs line from the 61.80 mon ny high, and price now sits in a 60.29–61.02 consolidation with RSI(14) near 39.
Support: 60.289, 60.00
Resistance: 61.015, 61.80, 62.00
What it said to watch
An H1 close above the 61.015 tue high and EMA(20) breaks the lower-highs line
Failure to hold the 60.289 swing low reopens the 60.00 psych level
A recovery through the 61.80 mon ny high (38.2% of the Monday rout fib) puts the 62.00 broken sup back in view
JOLTS and Consumer Confidence at 14:00 UTC, plus Williams and Waller later today, could materially shift this read
ADP Wed 12:15 UTC is the next high-impact print for yields and the USD
Lower highs and lows; tight 60.29–61.02 box under EMA20.
Silver has printed lower highs across the window. Monday's Asia-session break below 63.00 carried through London toward 60.74 as yields near 19-year highs and ~70% October hike odds weighed, and the NY rebound stalled at the 61.80 ny rejection, near the 38.2% level of the week-open fib. Since then price has compressed between the 60.289 tuesday low and the 61.015 tuesday high, with EMA(20) at 60.96 capping each bounce, while RSI(14) near 32 put in a higher low into Tuesday's new price low, a mild bullish divergence inside the downtrend.
Support: 60.289, 60.00
Resistance: 60.96, 61.015, 61.80
What it said to watch
H1 close above the 61.015 tuesday high and EMA(20) breaks the lower-high trendline and opens the path to the 61.80 ny rejection
Failure to hold the 60.289 tuesday low extends the lower-low sequence toward the 60.00 round number and voids the RSI divergence
JOLTS at 14:00 UTC and Fedspeak through Waller at 19:00 UTC could materially shift this read via yields
A move back above the 61.80 ny rejection would put the 50% level of the week-open fib near 62.19 in play
Lower highs since Wednesday; tight consolidation 60.29–61.02 after Monday flush.
Silver has printed lower highs since Wednesday's 66.65 peak. Monday's Asia-into-London flush from the 64.01 weekly open erased Friday's bounce as yields and October hike odds climbed, and NY rejected the 61.80 Monday NY high near the 38.2% of the Monday drop fib. Tuesday's Asia session set a 60.29 low before a London bounce stalled at the 61.02 session high, leaving price just under EMA(20) near 60.87 with RSI(14) around 39, recovered from sub-30 readings during Monday's flush.
Support: 60.289, 60.00
Resistance: 61.015, 61.803, 62.30
What it said to watch
H1 close below the 60.29 tuesday low confirms a lower-low and exposes the 60.00 round number
H1 close above the 61.02 session high breaks the lower-highs trendline and weakens the downtrend read
Recovery through the 61.80 Monday NY high (38.2% of the Monday drop fib) puts the broken 62.30 range floor back in play as resistance
JOLTS at 14:00 UTC and Fed speakers from 11:30 UTC could materially shift this read, with ADP due Wednesday 12:15 UTC
07:04 UTC
Downtrend, pausing near lows · RSI 37 · price 60.806
Lower highs since Friday's 65.08 peak; tight Asia range under EMA20.
Silver gapped lower at Monday's open (64.014 vs Friday's 64.318 close) and shed more than $3 through Asia and London hours as hawkish Fed repricing lifted yields and the USD, extending the slide from Friday's 65.08 high. NY-session bounces into the 61.80 mon ny high, close to the 38.2% retracement of the Monday selloff, were sold, leaving a lower-high line intact. Tuesday's Asia session has compressed between the 60.29 tuesday low and the 61.02 asia high, just under EMA(20) near 61.03, with RSI(14) recovering to the high-30s without any reversal structure.
Support: 60.289, 60.00
Resistance: 61.015, 61.803, 62.30
What it said to watch
H1 close above the 61.02 asia high and EMA(20) would break the lower-high line and open a retest of the 61.80 mon ny high
Failure to hold the 60.29 tuesday low confirms a lower-low and exposes the 60.00 round number
Reclaiming 62.30, the broken floor of the monthly range, would neutralise Monday's breakdown
JOLTS and Consumer Confidence at 14:00 UTC plus Fedspeak from 15:00-19:00 UTC could materially shift this read
Lower highs and lower lows; tight Asian range below EMA20.
Silver broke hard from Monday's 64.08 weekly open. Most of the slide printed across the Asia session and London as stalled US-Iran talks lifted oil, Treasury yields and the USD. Monday's NY rebound stalled at a 61.80 lower high, near the 38.2% retracement of the Monday drop fib, and price has since compressed between the 60.29 asian low and the 60.87 asian high, below EMA(20) at 61.05 and EMA(50) near 62.00. RSI(14) has lifted to ~40 from ~20 on Monday, printing higher lows while price made lower lows, a bullish divergence inside an intact downtrend.
Support: 60.289, 60.00
Resistance: 60.867, 61.05, 61.80
What it said to watch
H1 close below the 60.29 asian low extends the lower-low sequence toward the 60.00 round number
H1 close above the 60.87 asian high and the ema20 at 61.05 opens a retest of the 61.80 lower high
Recovery through the 61.80 lower high, at the 38.2% level of the Monday drop fib, breaks the lower-high sequence and negates the downtrend read
JOLTS and Consumer Confidence at 14:00 UTC plus Fedspeak from 11:30 to 19:00 UTC could materially shift this read; ADP follows Wed 12:15 UTC
05:05 UTC
Downtrend, compressing near lows · RSI 37 · price 60.59
Lower highs since Wednesday, tight Asian range.
Silver has printed lower highs all week, from Wednesday's 66.71 to Friday's 65.08 and Monday's 61.80. Monday's gap lower off the 64.01 weekly open ran through 62.00 in the Asia session and extended to 60.74 at the NY open, as stalled US-Iran talks lifted oil and pushed yields toward multi-year highs. The Monday bounce stalled at the 38.2% fib of the drop, and Tuesday's Asian range of 60.40–60.87 sits below EMA(20), with a new day low at 60.395 and RSI(14) flat in the high 30s.
Support: 60.395, 60.00
Resistance: 60.867, 61.804, 62.30
What it said to watch
JOLTS and Consumer Confidence at 14:00 UTC plus a heavy Fedspeak slate could materially shift this read
H1 close below the 60.395 day low extends the downtrend toward the 60.00 round number
Break of the 60.87 Asian high and EMA(20) near 60.95 would end the current compression
H1 close above 61.80 (Monday high / 38.2% fib) breaks the lower-high sequence, with the 62.30 range floor next overhead
ADP Wed 12:15 UTC (f/c 72K) is the next scheduled volatility risk
04:04 UTC
Downtrend, pausing near lows · RSI 30 · price 60.529
Lower highs and lower lows; tight Asian range below EMA20.
Silver has lost roughly $7 since Wednesday's 67.33 open. Friday's London bounce to 65.08 failed, and Monday gapped below Friday's 64.32 close before sliding about 5% through 62.00 as yields and oil-driven hike bets firmed the USD. The NY-open spike to the 61.80 swing high was sold straight back to 60.74. Asia has compressed into a 60.43–60.87 range, with the Asian high and the H1 EMA20 near 61.00 overhead and RSI(14) pinned near 30.
Support: 60.432, 60.00
Resistance: 60.867, 61.00, 61.803
What it said to watch
H1 close back above the ema20 near 61.00 (the broken Fib support) would break the lower-high sequence
Failure to hold the 60.432 asian low exposes the 60.00 round number
A move through the 60.867 asian high only tests the ema20 below the 61.80 swing high
A relief leg into the 38.2% of the Fri-Tue fib (~62.21) would meet the broken 62.00–62.30 range floor
JOLTS and Consumer Confidence at 14:00 UTC plus Fedspeak into 19:00 UTC could materially shift this read
ADP Wed 12:15 UTC (f/c 72K) is the next high-impact risk for yields and silver
03:04 UTC
Downtrend, compressing near lows · price 60.676
Lower highs and lower lows since Wednesday; tight Asia range above 60.43.
Silver has printed lower highs since Wednesday's 67.50 open. Monday's Asia session did most of the damage: price gapped under Friday's 64.32 close and broke Thursday's 63.06 low as stalled US-Iran talks lifted oil and yields. The NY bounce on Monday was capped at a 61.80 lower high. Price now sits below EMA(20) near 61.00, compressing just above the 60.43 session low with RSI(14) around 36, soft but not oversold.
Support: 60.432, 60.00
Resistance: 61.00, 61.803, 62.20
What it said to watch
Hourly close below the 60.43 session low exposes the 60.00 psych level
Recovery through EMA20 near 61.00 and the lower highs trendline would be the first break in the down-sequence since Monday
The 61.80 lower high and the 62.20 broken floor, near the 38.2% fib, cap the upper band of any bounce
JOLTS at 14:00 UTC and Williams/Waller late in the session could materially shift this read; ADP follows Wed 12:15 UTC
02:04 UTC
Downtrend, extended but not diverging · RSI 39 · price 60.744
Lower highs and lower lows since Wednesday, range floor broken.
Silver has printed lower highs all week from Wednesday's 67.50 area. Monday gapped lower at 64.01 and slid about 3,000 pips from Asia into London, cutting through the 62.00–62.30 range floor as oil-driven Fed-hike repricing and 19-year-high yields firmed the USD. The London bounce and the NY rebound both stalled at the 61.80 bounce high. Price has since slipped under EMA(20) near 61.10 to a fresh week low at 60.43 in Asia, with RSI(14) near 39 and no bullish divergence yet.
Support: 60.432, 60.00
Resistance: 61.10, 61.803, 62.30
What it said to watch
H1 close above the 61.80 bounce high breaks the lower-highs sequence and opens the 62.30 range floor near the 38.2% fib
Failure to hold the 60.43 week low extends the lower-low sequence toward the 60.00 round number
Hourly closes back above EMA(20) near 61.10 would be the first sign the down-leg is pausing
JOLTS and Consumer Confidence at 14:00 UTC plus a heavy Fed speaker slate today, then ADP Wed 12:15 UTC, could materially shift this read
01:05 UTC
Downtrend, extended after Monday's range break · RSI 36 · price 60.639
Lower highs and lower lows; late-NY break of the Monday flag floor.
Monday's Asia session drove the move. Price opened the week at 64.01, below Friday's 64.32 close, broke the 63.06–65.08 range and slid to the 60.94 prior floor by London open, with US 10y yields near 19-year highs and firmer Fed hike pricing behind the drop. London and NY held a 60.94–61.80 flag, but supply capped the swing high under the ema20. Late NY then broke the prior floor and Tuesday's Asia session printed a new week low at 60.43. RSI(14) near 36 is making a higher low against that lower price low, a bullish rsi divergence that has not yet been confirmed by structure.
Support: 60.432, 60.00
Resistance: 60.94, 61.30, 61.803
What it said to watch
An H1 close back above the 61.30 ema20 and the lower highs trendline would break the sequence of lower highs; the 23.6% fib of the Friday-to-low leg sits near 61.53
A move back above the 60.94 prior floor would neutralise the late-NY breakdown, while the 61.80 swing high marks the last lower high
Failure to hold the 60.43 week low exposes the 60.00 round number and would test the bullish rsi divergence
Fed speakers from 11:30 UTC and JOLTS at 14:00 UTC Tue, then ADP Wed 12:15 UTC, could materially shift this read via yields
Lower highs and lower lows all week; tight post-break band 60.60–61.80.
Silver has set lower highs since the 67.50 Tuesday peak. Friday's bounce stalled at 65.08, and Monday's Asia session opened on a gap lower and carried price through the 62.30 range floor as US 10y yields pressed their 19-year high. London extended the leg, and NY capped a rebound at 61.80, leaving a lower high before the monday low at 60.605. Price now sits below the H1 ema20 near 61.30 with RSI(14) near 32, and the tape has compressed between 60.60 and 61.80.
Support: 60.605, 60.00
Resistance: 61.30, 61.80, 62.30
What it said to watch
H1 close above the 61.80 lower high breaks the sequence of lower highs; failure back under the ema20 near 61.30 keeps the band capped
Loss of the 60.605 monday low extends the lower-low sequence toward the 60.00 round number
The 38.2% retracement of the Friday-Monday drop sits at 62.31, in line with the broken 62.30 range floor
JOLTS and Consumer Confidence at 14:00 UTC Tue, plus a heavy Fedspeak slate, could materially shift this read
ADP at 12:15 UTC Wed (f/c 72K) is the next high-impact USD print