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Daily market structure XAG perpetualFinal

Silver on Thursday, 5 November 2026

XAG closed down 1.06 % on the day, trading between 51.269 and 53.512. The high came at 9:45 PM ET (02:45 UTC) and the low at 6:15 PM ET (23:15 UTC).

CLOSE · 5 Nov 2026
51.759
▼ -1.06 % on the day
Low 51.269High 53.512
bid wall 51.660ask wall 51.880
– – open 52.316
00:0006:0012:0018:0024:00 UTC
Range2.24351.269 – 53.512
Volume4,992,737XAG traded
Wall events10 eaten · 1 pulled · 0 held

Levels around the price

±3.5 % around price · at the close

5050.5005151.5005252.5005353.50051.660 · 29,360 oz51.880 · 34,531 ozUpper wall 51.875 (+0.2 %)Upper fast wall 51.875 (+0.2 %)Flip 51.750 (-0.0 %)Lower wall 51.625 (-0.3 %)Lower fast wall 51.625 (-0.3 %)51.759
5050.5005151.5005252.5005353.50051.660 · 29,36051.880 · 34,531UW 51.875UW fast 51.875Flip 51.750LW 51.625LW fast 51.62551.759
bid wallsask wallsUpper wallLower wallFlipUpper fast wallLower fast wall

The day on one line

Asia+0.63 %London+0.59 %New York-1.65 %Pulled ask 52.63000:0003:0006:0009:0012:0015:0018:0021:0024:00
Asia+0.63 %London+0.59 %New York-1.65 %Pulled ask 52.63000:0006:0012:0018:0024:00

Sessions

Asia, London and New York, each summed up when it closes. Times follow local opening hours.

Asia
7:00 PM–3:00 AM ET (00:00–08:00 UTC)
Closed
+0.63 %
52.259 – 53.512  ·  range 1.253
high 9:45 PM ET (02:45 UTC)  ·  low 7:05 PM ET (00:05 UTC)  ·  1,417,587 XAG
Upper wall 52.750  ·  Lower wall 52.500
XAG order book heatmap, Asia session, 5 Nov 2026
London
3:00–9:30 AM ET (08:00–14:30 UTC)
Closed
+0.59 %
52.474 – 53.082  ·  range 0.608
high 8:55 AM ET (13:55 UTC)  ·  low 3:05 AM ET (08:05 UTC)  ·  658,470 XAG
No clean wall event in this session.
Upper wall 53.000  ·  Lower wall 52.875
XAG order book heatmap, London session, 5 Nov 2026
New York
9:30 AM–4:00 PM ET (14:30–21:00 UTC)
Closed
−1.65 %
51.616 – 53.161  ·  range 1.544
high 9:30 AM ET (14:30 UTC)  ·  low 10:55 AM ET (15:55 UTC)  ·  2,326,302 XAG
No clean wall event in this session.
Upper wall 52.125  ·  Lower wall 51.875
XAG order book heatmap, New York session, 5 Nov 2026
XAG order book heatmap for 5 Nov 2026 with price, positioning walls and the day's liquidity wall events
Asks (resting sell liquidity)Bids (resting buy liquidity) Upper / lower wallFast wallsFlip

What happened

Written from the data, not opinion.

Positioning puts the upper wall at 51.875 and the lower wall at 51.625.

At 2:40 AM ET (07:40 UTC) a 17,590 XAG ask wall at 52.630 was pulled before price reached it.

Liquidity wall events

Classified from every trade at the wall's own price, not from candles. What is a liquidity wall?

EventWallTime
PulledAsk wall 52.630
17,590 XAG wall, 13,357 XAG removed in 15.2 s, almost nothing traded
Open in Depth →
2:40 AM ET (07:40 UTC)

Positioning

Where public open positions would be liquidated, by price: the upper wall, lower wall, flip and fast walls (20x leverage or more). It is an estimate from part of the market's positions. Looking for the call wall, put wall or gamma flip? These are the same kind of levels, built from where traders hold positions rather than from options. End of day.

Upper wall
Largest cluster of liquidations above the price (our call wall alternative)
51.875 from 52.375
Lower wall
Largest cluster of liquidations below the price (our put wall alternative)
51.625 from 52.250
Flip
Where liquidations below equal liquidations above (our gamma flip alternative)
51.750 from 52.250
Upper fast wall
Positions with 20x leverage or more
51.875 from 52.375
Lower fast wall
Positions with 20x leverage or more
51.625 from 52.250

Resting liquidity at the close

Largest walls within 2.5 % of price.

Largest bids below

  • 51.66029,360 XAG
  • 51.58026,555 XAG
  • 51.72026,225 XAG

Largest asks above

  • 51.88034,531 XAG
  • 51.80034,089 XAG
  • 51.84029,469 XAG

See every wall form and disappear, live.The same data as this report, second by second, free in your browser.

Open Depth
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Method. Price, volume and order book from perpetual futures. Positioning shows where public open positions would be liquidated, by price; it is an estimate from part of the market's positions. A wall is "held" when trades hit it and price turned, "pulled" when it vanished within seconds with almost nothing traded, "eaten" when most of it was traded away. Times are New York time (ET), with UTC in brackets. Updated 06 Nov 7:08 PM ET the evening before (00:08 UTC).