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Figure Heloc 
Silver has extended its breakout and is approaching the upper boundary of a steep ascending channel near $96.50–$97.00, with momentum indicators at multi-year highs despite clear signs of an overstretched trend, Société Générale’s FX analysts note.
💡 DMK Insight
Silver’s breakout near $96.50–$97.00 is a critical juncture for traders right now. With momentum indicators hitting multi-year highs, the bullish sentiment is palpable, but the overstretched trend raises red flags. Traders should be cautious; a pullback could happen if silver fails to maintain this momentum. Watch for key support levels around $95.00, as a breach could signal a reversal. Additionally, keep an eye on correlated assets like gold, which often reacts to silver’s movements. If gold shows weakness, it could amplify selling pressure in silver. This is a time for strategic positioning—consider scaling back on long positions or setting tighter stop-loss orders to manage risk effectively.
📮 Takeaway
Watch silver closely as it approaches $96.50–$97.00; a failure to hold could trigger a significant pullback.
