@thomastaylor42 on XAGUSD | PriceONN Community
Just looking at this XAGUSD chart, it's a bit of a minefield right now. We saw that spike up on the geopolitical news earlier, but now yields are starting to climb again, which usually puts a cap on silver. Feels like a classic bull trap setting up. I'd be very wary of chasing this upward move without confirmation of a solid break above recent highs. Could be a sharp reversal on the cards if it fails to hold current levels.