Silver Support and Resistance: How XAG/USD Levels Are Found
How support and resistance levels for silver are identified from daily and weekly pivots, Fibonacci and Camarilla levels, previous session extremes and confluence — with the Friday 6 November 2026 levels as the worked example.
Support is a level where price has stopped falling before; resistance is a level where price has stopped rising before. On this site, silver's support and resistance levels are not drawn from a feeling — they come from the daily and weekly pivots, the Fibonacci and Camarilla levels, the previous session and week extremes, and the places where several of those agree. This guide explains where each level comes from, how to tell a strong level from a weak one, and what the levels actually did in the Friday 6 November 2026 session.
Where the levels come from
- Classic daily pivots: S1, S2 and S3 below the Pivot, R1, R2 and R3 above it. These are the primary levels.
- Weekly pivots: the same calculation from the completed week's high, low and close. Weekly levels are wider apart and change only once a week.
- Fibonacci and Camarilla levels: two separate methods, used as confluence checks — a Classic level that agrees with a Fibonacci or Camarilla level is stronger than one that stands alone.
- Previous session high and low: for Friday 6 November, the high was $52.3755 and the low $51.1945 (Finnhub/OANDA, MID). A previous high that is tested again becomes resistance; a previous low tested again becomes support.
- Previous week high and low: for the week of 2–6 November, the high was $53.4775 and the low $48.6165. Weekly extremes matter because they are the levels the whole week's trading could not get past.
- Round numbers — $50, $52, $55 — as psychological levels. These are weaker evidence than a pivot, and are only worth noting when a pivot sits near them.
Worked example: the levels in force for Monday 9 November 2026
From the verified Friday 6 November session (open $51.7425, high $52.3755, low $51.1945, close $51.9445) the Classic levels are: Pivot $51.84, R1 $52.48, R2 $53.02, R3 $53.66, S1 $51.30, S2 $50.66, S3 $50.12. Friday's close of $51.9445 sat $0.10 above the Pivot — the nearest support below is S1 at $51.30 and the nearest resistance above is R1 at $52.48.
| Level | Price | Source |
|---|---|---|
| R3 | $53.66 | Classic |
| R2 | $53.02 | Classic — same as Fibonacci R3 |
| R1 | $52.48 | Classic |
| Pivot | $51.84 | Classic |
| S1 | $51.30 | Classic |
| S2 | $50.66 | Classic — same as Fibonacci S3 |
| S3 | $50.12 | Classic |
Confluence: where methods agree
A level where two or three methods land within a few cents of each other is stronger than a level from one method alone. For Monday 9 November, the resistance cluster is $52.05–$52.48 (Classic R1 $52.48, Fibonacci R1 $52.29, Camarilla R1 $52.05), and the support cluster is $51.30–$51.39 (Classic S1 $51.30, Fibonacci S1 $51.39). The round number $52 sits inside the resistance cluster, which adds a little weight to it — but the pivots are the evidence, and the round number is only a coincidence worth noting.
How a level earns its strength
- Repeated tests: Friday's low of $51.1945 stopped $0.10 above S1 ($51.09) — the level held without even being touched. A level that is tested and holds several times is stronger than one touched once.
- Confluence: the $52.05–$52.48 resistance cluster and the $51.30–$51.39 support cluster are stronger than their individual levels, because three different calculations point at the same zone.
- A level that flips: the old R2 of $51.92 (calculated from Tuesday 3 November OHLC) was resistance on Thursday, when silver closed at $51.7895 below it. On Friday the close of $51.9445 reclaimed it by $0.02 — the level flipped from resistance to support on the close, by two cents. A marginal flip is still a flip, but it is a weak one.
- Recency: a level from last week's OHLC matters less than today's. Levels are always labelled by the session they were calculated from, so a reader can tell how old each one is.
What support and resistance cannot tell you
- Levels describe where reactions happened; they do not cause price to turn. A level is a record, not a wall.
- In a strong trend, price can run through R1, R2 and R3 in one session. A broken level is information, not a reversal signal.
- On event days — for example, a Nonfarm Payrolls release — price can cut through several levels in minutes, and the usual reading of a break is worth less.
- A level that is touched once is weak evidence. Look for repeated tests, or for confluence with another method, before treating a level as strong.
On this site, silver's support and resistance levels are always shown with their source session, provider and price basis. If the session candle needed for a level is unavailable, the value is shown as unavailable — never estimated from a spot snapshot.