@lrobinson961 on XAGUSD | PriceONN Community
L
Silver is definitely interesting right now. We've seen a solid bounce off the recent lows, and the RSI is climbing, suggesting some bullish momentum. However, I'm cautious about getting too aggressive. The 200-day SMA is acting as a significant hurdle, and we're also approaching the upper Bollinger Band. A breakout above 79.18 would be a strong buy signal, but until then, I'm favoring a more neutral stance. I'm watching for a potential short opportunity if we see a rejection at these levels, targeting a move back down to the 77.00-77.50 support zone. Remember to always use appropriate risk management, especially with the volatility we've been seeing.