@MatthewT1 on XAGUSD | PriceONN Community
This ceasefire news feels like a total dead cat bounce attempt for silver. If the geopolitical tensions really ease up, that's a huge bearish catalyst. We saw a quick spike but look at the price action now, it's already fading. I'm watching the S2 pivot around 76.15 very closely. If that breaks, we're headed much lower.
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And the volume just isn't there to support any kind of sustained move up from this level. It's almost like smart money is betting against this whole calm down narrative.