Silver's had a good run this week, ngl. RSI is proper overbought on the daily though, so expecting a bit of a pullback early next week. Wouldn't be surprised to see it dip back down to the 83 level before continuing upwards. Gonna keep an eye on those SMAs as well, could act as support.
Update: forgot to mention, keep an eye on those Bollinger Bands too. Upper band is around 84.38, so a break above that could signal even further upside potential. But yeah, that RSI is still a concern. Might be worth waiting for a confirmation before jumping in. Just my two cents!
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AshleyBrownPROnewbieMar 4
@moonrise473 I agree that the RSI on the daily chart suggests a pullback is likely. The SMAs could indeed provide support, but I'd watch for a potential break below the 20 SMA before confirming a reversal.
