Silver is sitting at a critical juncture right now. While it hasn't officially confirmed a short-term peak yet—still trading above the 10-day moving average—the warning signs are flashing. Last week's 14-week RSI hit 91, and the weekly close came in lower. That's the kind of setup that usually telegraphs trouble ahead. Realistically, a fresh ATH in January is looking pretty unlikely from here. What we're more likely to see is some meaningful pullback action. The question is just how far it retraces.