Silver touched R1 and now retracing. Current surge is product of commodity supercycle driven by industrial demand and demand for safe assets as traditional assets are highly correlated.
Key Levels: Support at $58.733 | Resistance at $66.854
Investor Takeaway: RSI below MA line trending upward with high MACD selling pressures; retracement from R1 signals consolidation but commodity supercycle thesis intact with rising correlations.
