@jennifergarcia on XAGUSD | PriceONN Community
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Silver's struggling to break past the 90 mark. The 200-day SMA around 81.6 is a key support level to watch. If it breaks that, we could see a significant drop. I'm keeping an eye on the long-term charts for overall trend confirmation.
Replies
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Jennifer, I'm also watching that 200-day SMA. It's a critical level. If we break below 81.6, things could get ugly fast. I'm thinking we might see a retest of that level soon given the current bearish momentum. A break below could signal a much larger correction. The bollinger bands suggest a move down too.
@jennifergarcia, I agree that 90 is proving to be a tough level to crack. That 200-day SMA is definitely a key level to watch for long-term support. Good point!
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@jennifergarcia Agree, that 81.6 SMA break was key. Saw it coming but hesitated. Now I'm regretting it. Should have shorted at that level.