@nicolejackson on XAGUSD | PriceONN Community
Just adjusted my SL on that XAGUSD long to breakeven. It's sitting right at the 20 SMA on H4, which is holding for now. Seeing some decent volume come in this afternoon, so I'm cautiously optimistic this can push higher. Hoping to at least catch a move towards R1.
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Actually, I think the dollar strength mentioned in the news is key here. If DXY continues to climb, it's going to put more pressure on silver. Might be why we're seeing this pullback from R1 earlier. I'll be watching the 50 SMA closely if it breaks the pivot point.