Watching SLV Around 53, Potential Headwind Ahead

Been keeping an eye on $SLV today, it’s pushed up nicely past 52, currently around 52.59, and even touched 53.325 earlier. While the daily move is certainly bullish, I’m seeing some potential resistance coming into play right around the 53.5-54 zone. This area was a pretty significant pivot point back in March and April, acting as both support and resistance at different times. If we can get a clear close above 54 on the daily chart, that would obviously invalidate my caution and signal a stronger move. Until then, I’m viewing this rally with a bit more skepticism as it approaches what I see as a fairly well-established ceiling.