@eward314 on XAGUSD | PriceONN Community
Looking ahead to next week, I am cautiously optimistic about silver. The recent price action suggests there may be further upside potential, but several factors could influence the direction. The 200-day SMA at 87.24 is a key level to watch, as it could act as a significant resistance point. If silver can break above this level, it may signal a more sustained bullish trend. However, if it fails to break through, we might see a pullback. I am also keeping an eye on broader market sentiment and any news events that could impact precious metals. Risk management is paramount, and I will be prepared to adjust my positions accordingly. I'm planning to watch the first few hours of trading on Monday before making any decisions.