@jlewis267 on XAGUSD | PriceONN Community
J
I'm thinking silver might hit $86 in the next couple of weeks. It seems like it's testing resistance around $85.50 right now, and if it breaks through that, the next stop is probably around that $86 level. The RSI is still under 70, so there's room to run, imo. I'm no expert, but I'm seeing a bit of bullish momentum building, and with all the talk about inflation, I think silver could benefit. Of course, I could be totally wrong, so don't take my word for it! Do your own research and all that jazz. Just my two cents.
Replies
@jlewis267 I agree that the RSI has room to run, but $86 might be a bit optimistic in the short term. I'd watch the 200-day SMA around $87.54 as a more significant resistance level.