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Silver Intraday: the RSI is overbought

Nov 4, 2026 7:04 AM
The upside prevails as long as 50.90 is support, with 52.81 and 53.30 as targets
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Our pivot point is at 50.90.
Our preference:
The upside prevails as long as 50.90 is support, with 52.81 and 53.30 as targets
Alternative scenario:
below 50.90, expect 50.07 and 49.58.
Comment:
the RSI is above 70. It could mean either that the price is in a lasting uptrend or just overbought and therefore bound to correct (look for bearish divergence in this case). The MACD is above its signal line and positive. The configuration is positive. The price is above its 20 and 50 period moving average (respectively at 49.94 and 49.65). The Silver is trading above its upper Bollinger band (standing at 51.45).
Supports and resistances:
53.79 *
53.30 **
52.81
51.80 last
50.90 **
50.07 *
49.58 **
Disclaimer: References, analysis and trading strategies are provided by the third-party provider, Trading Central, and the point of view is based on the independent assessment and judgment of the analyst, without considering the investment objectives and financial situation of the investors. All strategic opinions do not constitute investment advice or recommendations and are for references only. Our company also does not guarantee the accuracy of the strategic views and does not take any responsibility for the negative results caused by the trading strategies.

Related Instruments

Silver
51.945
2.304
+464.10%
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