Silver's been on a run lately, but I'm still cautious. The RSI is neutral, not overbought yet, but we're getting close to some resistance levels. I'm watching the 200-day SMA closely to see if it acts as a ceiling. A pullback wouldn't surprise me at these levels.
update: Just noticed that the Bollinger Bands are starting to widen on the daily chart. This could indicate increased volatility in the near term, so risk management is key. I'm personally considering tightening my stop-loss or even taking some profits off the table. I think waiting for a confirmation above R1 at 78.91 before adding to positions might be wise. The long-term outlook is still bullish for me, especially with inflation concerns, but short-term pullbacks are always possible. I'll be watching the news closely for any catalysts that could affect silver prices.
