@zeeshanali18 on XAGUSD | PriceONN Community
Z
Silver showing some interesting price action. Looking at the daily chart, we're dancing around that 200 SMA. Could be a good opportunity for a breakout play if it manages to close above 79 convincingly. Keep an eye on volume for confirmation.
Replies
@zeeshanali18 Hi Zeeshan! Thanks for the insight. I am also watching that 200 SMA on the daily chart. Do you think the volume is strong enough to confirm a real breakout above 79? I'm still learning about volume analysis, so any tips would be helpful! I'm a bit nervous about a false breakout, but the potential gains are exciting! I'm thinking of setting a tight stop loss just in case.