Silver Faces Rangebound Coil, Breakout on the Horizon

Silver is currently caught in a tight $67‑$68.50 coil, with traders watching for a possible breakout. The metal has been hovering within this corridor for several days, forming a classic coil pattern that often precedes a surge if the price clears the upper boundary. Analysts note that a move above $68.50 could signal renewed bullish momentum, while a dip below $67 might trigger a retracement. Market participants are closely monitoring these levels as they could set the tone for the next trading session.