Silver's close on Friday suggests strong bullish sentiment, but the overbought RSI warrants caution. A minor pullback early next week wouldn't be surprising before any further upside. Watching for confirmation above R1 before adding to positions.
Update: Also looking at the bollinger bands. Price is testing the upper band, a break above would further confirm the bullish trend.
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RicardoCruz23PROnewbieMar 3
@ellayoung I agree about the overbought RSI. A pullback was kinda expected after that run-up. I'm curious to see if it bounces off S1 around 80.40 or keeps falling.
