Silver XAGUSD Overextended With Range-Bound Price Action🥈 XAGUSD (Silver) is overextended in my view 📈. Price has recently pushed into new highs 🔼 and is now moving sideways in a range 📊—often a sign that larger entities 💼 may be working their orders.
⚖️ This could be a form of distribution, as silver has moved into a zone of thin liquidity 🌊. To facilitate bigger positions, institutions may need to generate liquidity by keeping price sideways ⏸️ before the next move.
📉 My current bias is for a retracement back into equilibrium ⚖️ and towards an unresolved bullish imbalance 🔍 that remains below.
⚠️ This is for educational purposes only, not financial advice 📚
