Uranium Jumps 5.71% to 4,814.00 as Buyers Challenge Months of Lower Highs

Aditi Sarkar

28 October 2026 06:37 PM AEDT

Uranium Jumps 5.71% to 4,814.00 as Buyers Challenge Months of Lower Highs

Image Source: Shutterstock

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Highlights

Uranium jumped 5.71% (+259.89) to 4,814.00 during the session.
The session opened at 4,554.11, which was also the session low.
Uranium reached a session high of 4,823.22.
Volume stood at 15.49K.
Uranium has posted lower highs since the early-2026 peak.
Traders are watching support near 4,400 and 4,000 and resistance near 5,000 and 5,500.

Uranium staged a sharp rebound on 28 October 2026, jumping 5.71% to 4,814.00 after a long slide that has pulled the market well below its early-2026 peak. The session opened at 4,554.11, never traded below that level and reached a high of 4,823.22, adding 259.89 on the day.

The advance arrives after a sequence of lower highs, raising the question of whether this bounce can build into something more durable.

Uranium Climbs From Open to Near Session High

The session numbers point in one direction. Uranium opened at 4,554.11, which also marked the session low, so the market did not trade below its starting level at any point. From there it climbed to a high of 4,823.22, with the latest price of 4,814.00 sitting just below that peak.

The gain of 259.89, or 5.71%, places the latest price near the top of the session range. Volume stood at 15.49K.

TradingView daily chart for Uranium

Image source: Tradingview chart, 28 October 2026

A Long Slide From the Early-2026 Peak

Uranium climbed through late 2025 and early 2026, reaching a peak above 8,000 before turning lower. Since then, successive rallies in the spring, early summer and late August have each topped out below the one before.

The October decline extended that pattern, carrying prices toward the 4,400 area before today's advance. Against that backdrop, the latest gain is large after a run of weaker sessions in October.

Volume Offers Context, Not Confirmation

Volume stood at 15.49K as the market advanced. Earlier sessions, including some in June and July, saw noticeably heavier trading, so the latest reading does not stand out as the heaviest of the period. Further sessions will show whether the rebound draws stronger participation.

Technical Outlook: Uranium

Uranium was quoted at 4,814.00, against an opening level of 4,554.11, a session high of 4,823.22 and a session low of 4,554.11. The change on the day stood at +259.89, or +5.71%.

Uranium has posted lower highs since the early-2026 peak. Today's gain follows a run of declines, but the series of lower highs remains intact. A single session does not confirm a breakout or reversal, and a sustained move higher would be needed before price action points to a change in direction.

Key Levels to Watch

The nearest support zone sits near 4,400, close to the October low, with the next support area near 4,000. Resistance sits near 5,000, followed by the area near 5,500. These are approximate levels rather than calculated pivots.

If prices hold above nearby support, the rebound stays intact, while a move back below it would reopen the downside seen in October. A sustained move through 5,000 would likewise be needed before the next resistance zone comes into play. Confirmation in later sessions would be required in either case.

Summary

Uranium jumped 5.71% to 4,814.00 on 28 October 2026, opening at 4,554.11 and reaching 4,823.22 on volume of 15.49K. The advance followed a prolonged decline from the early-2026 peak, and the series of lower highs remains in place. Attention now turns to whether buyers can hold the nearby support zone and challenge resistance near 5,000.

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