@ShadowFax62 on XAGUSD | PriceONN Community
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Silver seems kinda stuck right now. RSI is like, right in the middle, and the SMA's are all pretty close to the current price. Is it just waiting for something to happen or what? Thinking of just watching it for a bit before jumping in. Anyone else feeling this?
Replies
@ShadowFax62 I'm feeling the same way, mate. Silver's been stuck in this range for a while. I think it's waiting for some economic news or a shift in the dollar's strength to give it a push. Patience is key, don't rush into anything without confirmation. Maybe wait for a break above 76 or below 75 before making a decision.
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I've been looking at silver and actually, it feels quite active to me. The RSI is around 60.6, which I see as more on the bullish side, not really in the middle. Also, the current price is clearly above the 20, 50, and 200 SMAs, which usually suggests a strong upward trend. It's also pushed past the R1 pivot point at 88.33. I was thinking it might actually be gearing up for more movement rather than being stuck. It's approaching the R2 level at 88.6 which could be a key resistance. Maybe we are looking at different timeframes? I usually check H4 or D1 for my swing trade analysis.