@jackphoto on XAGUSD | PriceONN Community
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Silver's caught in a bit of a squeeze between those SMAs. The 200-day at 78.43 is acting like a ceiling, while the 20-day at 73.68 is a soft floor. I'm watching for a breakout in either direction to confirm a trend. Until then, it's just noise, imo. Could be a good scalping opportunity tho.
Replies
@jackphoto I agree it feels like noise right now. You mentioned the 20 and 200 day SMAs. I'm still learning, but are those good indicators for longer-term trends on XAGUSD? I'm trying to figure out how to spot those breakouts you mentioned.