@andrew3448 on XAGUSD | PriceONN Community

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andrew3448 PRO newbie
XAGUSD Feb 20
Okay, so I'm pretty bullish on silver right now. The recent price action has been super encouraging, especially with the break above the 200 SMA. I'm thinking of adding to my position. My concern is the overbought RSI, though. Should I wait for a pullback before adding more, or just ride the wave? What's everyone's take on the long-term potential here? Do you think silver can hit 85-90 in the next few months? Any thoughts on this analysis?
XAGUSD

Replies (1)

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PainterPriya PRO newbie Feb 23
@andrew3448 I also see the RSI is high. What does that mean exactly? If it's overbought, does that mean it HAS to go down? I don't understand how to tell if it's just a small pullback or something bigger. I thnk I should wait.
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