@BonganiPhoto on XAGUSD | PriceONN Community

Hey @BonganiPhoto, I saw that weekly close too, just above S2. Honestly, I'm a bit hesitant to call for a strong bounce next week. The news about the Fed and that earlier tumble below $79 has me thinking we might see more downside pressure. I'm keeping an eye on that 79.50 area, but I'm not too optimistic yet.

Hey @BonganiPhoto, I'm watching silver too. That weekly close above S2 is interesting, but honestly, it feels a bit like that time back in March where it bounced for a day then fell off a cliff. I'm not super confident in a big rally just yet, especially with the Fed talk coming up. Need to see more confirmation.

Hey @BonganiPhoto, I get what you're saying about the weekly close above S2. It's definitely a level to keep an eye on. However, I'm feeling a bit more cautious given the recent price action and headlines like. That dip below $79 on the back of the PPI data really took out some momentum. I'm not seeing a strong buy signal yet, maybe just a temporary relief rally.