Silver Consolidates Below $65.50 as V-Shaped Recovery Meets Resistance

Silver traded around $64.30 on Monday, consolidating below the $65.50 resistance zone after a sharp V-shaped recovery from around $55. The metal remains above its 200-period SMA near $60.78, while MACD and SuperTrend indicators continue to signal positive momentum.

However, the rally is showing signs of fatigue. RSI near 68 and a bearish rejection candle around the upper Bollinger Band suggest that buying pressure may be losing strength as silver approaches resistance.

Trader outlook: A sustained break above $65.50 could reinforce the bullish recovery and expose higher resistance levels, while failure to clear the zone may increase the risk of a pullback toward the $62.40–$60.80 area. Traders may watch price action around $65.50 and momentum indicators for confirmation.