Silver Targets $67.67 Resistance After V-Bottom Recovery

Silver climbed to around $66.16 on August 12, extending its V-bottom recovery from $55 as bullish momentum pushed prices above major technical supports. However, RSI near 69 and a weakening MACD signal suggest the rally may be losing momentum ahead of key resistance.

For traders, $67.67 is the immediate level to watch. A high-volume break could expose $71.58, while rejection may trigger a pullback toward $64.40-$63.42 before the next directional move.