Silver potential Short trade on Daily chart.

Overbought conditions on Daily RSI (80/20 settings) Silver is at the top of the Bollinger bands, top of the 100% Fibonacci retracement, finding resistance from an ascending trend line starting from 31st of January 2008 and possibly at the top of a rising wedge (the white lines highlight the rising wedge and the red line is the ascending trendline starting from 2008) we are 3 standard deviations from the mean of the linear regression trend. There are also some other variables to take into account such as the US dollar and Gold potentially forming a top shortly. Regardless, expect a pullback soon.