Silver $SI approaching that 21.60-21.65 level again
Interesting to see silver $SI pushing up towards that 21.60-21.65 area today, currently sitting at 21.13. It's been a pretty significant resistance point on a few occasions lately. My thinking is if we can get a sustained break and close above that, especially on the daily, it opens up a bit more upside potential. The flip side, of course, is if it rejects again, we're likely back to consolidating in the lower range, perhaps revisiting the 20.00-20.50 zone. The current momentum feels decent, but that's the level I'm watching closely. Would love to hear if others are seeing the same thing.
Ah, the ol' 'resistance until it's not' dance. I'm starting to think 21.60-21.65 is less of a resistance level and more of a speed bump for a market that's just enjoying the scenery.