Technical cooling signals of the coin… What are the next key points after $66 reversal?

Silver(XAG/USD) turned bearish on Thursday Asian hours and retreated below $66 . Following the all-time high yesterday, some profit-taking pressure has emerged. The RSI on the daily chart reaching overbought levels is identified as a key factor driving this correction.

Technical indicator signals: Weakening momentum

The 1-hour RSI is currently at 59.95, positioned near the upper end of the neutral zone, which still does not indicate a bearish signal but suggests limited room for further upside. A more significant signal is revealed in the MACD movement.

• The MACD histogram may have fallen below the zero line, and
• The MACD line is estimated to have crossed below the signal line

This indicates that short-term upward momentum is waning and suggests that additional corrections could occur within the next few hours.

Spot Price: $64 Significance of Breakout and Short-term Support

Breaking through resistance at $64 level is not just a simple price event. This price zone overlaps with the 100-hour simple moving average( (SMA)), which is now beginning to function as a new support level.

The current trading price is around $65.75–$65.70, with intraday declines limited to about 1%. This is interpreted not as a trend reversal but as a normal pause after overheating.

Future Scenarios: Two Possible Paths

Bullish Scenario
If the 100-hour SMA continues to trend upward, the current correction is likely to turn into a buying opportunity at lower prices. If the MACD re-enters positive territory and RSI stabilizes above 50, the bullish trend will strengthen further.

Risk Scenario
Conversely, if the price clearly breaks below the 100-hour SMA, there is potential for a deeper retracement in the short term. In this case, the decline toward resistance levels could accelerate, so caution is advised.

For now, $64 level support appears to be the key to maintaining short-term bullishness.