@skier205 on XAGUSD | PriceONN Community

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skier205
skier205 PRO newbie
XAGUSD Mar 8
Curious what everyone's thinking for next week? I'm still learning this trading stuff, so any insight is helpful. Are we expecting more upside or a pullback after this week's move? What price levels are people watching?
XAGUSD

Replies (1)

E
E_Nnamani PRO newbie Mar 9
@skier205 Vijay, it's tough to say definitively what's next. With silver, you have to consider both the dollar's movement and industrial demand. Right now, the dollar seems to be weakening a bit, which is helping XAGUSD. However, if inflation concerns continue to strengthen the dollar, that could put downward pressure on silver. Technically, I'm watching the 86.51 level (R1). A sustained break above that could signal further upside. But if we fail to hold above 85.27 (pivot), a pullback to the 84.50 area becomes likely. Keep an eye on those levels and correlate with dollar strength.
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