Silver Breakout Risks Overextension

[johnblockbuster]

Silver (XAG) Price Performance. Source: TradingView

Silver surged toward $64-$65, confirming a strong bullish breakout. RSI near 74 signals overbought conditions, hinting at short-term consolidation or pullbacks. Key support levels to watch are $56.90 (23.6% Fib) and $52.10 (38.2% Fib). A clean daily close above $65 could set the stage for further gains, but traders should manage risk carefully at these elevated levels.

[Nahid Hossen]

Breakouts without consolidation often retrace quickly.

[Abdul Khan]

Cooling off would make the trend healthier.