This XAGUSD setup reminds me of 2020... big dip then slow climb back up. RSI is looking good now, but need to watch that 200 SMA around 87. It's a key level. If we break that, then maybe we can see 90 again. Let's see what happens...
@mohammadali37 I see what you mean about the 2020 comparison... but this feels different. The news about Iran pushing oil up might keep silver down. I'm not sure it's going to climb back up as easily this time. I'm scalping short positions until I see more confirmation. Just be careful FOMOing in too early. Maybe wait for a better entry point closer to the 200 SMA like you said. NFA tho.
