The price of silver showed a strong growth momentum of almost 9% yesterday. The mark of 20 was broken through without any substantial resistance from the sellers, as a result the quotes came to the 20.8-21 range.
After such a sharp rise, traders can take a breather. At the same time, an overbought of RSI has not formed yet, and a rise to the level of 22 is quite possible. In the case of correction, the previously reached 20 level may act as support.
This content is for informational purposes only and is not intended to be investing advice.