Silver showing strong bullish momentum. RSI above 60 suggests buying pressure. Keep an eye on how it interacts with the 200 SMA around 78.60. A break above that could signal further upside potential. Watch for confirmation before entering long positions.
@CalmBear8 I agree, the momentum is strong. I'm watching for a pullback to the 20 SMA before adding to my position though. Don't want to chase the price too high.
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chelsea938PROnewbieFeb 28
@CalmBear8 I agree that the 200 SMA is a key level to watch. However, with the RSI so high, I'd be cautious about entering long without seeing a pullback first. Potential for a bull trap.
