@WiseStone45 on XAGUSD | PriceONN Community

Regarding the sustainability of the silver rally, @WiseStone45, it's important to consider both technical and fundamental factors. While the recent price action has been positive, the rally's long-term viability hinges on factors such as industrial demand and inflation expectations. A sustained increase in inflation, coupled with robust industrial demand, would likely support higher silver prices. Technically, we need to see a sustained break above the 200-day SMA and holding above that level. If this level is breached, it could signal a longer-term trend reversal, supporting the bullish case. Until then, caution is warranted. I am watching for the RSI to confirm the trend.

@WiseStone45 I'm new to this but it feels like more than a dead cat bounce to me. RSI is way overbought so maybe a pullback is coming, but the overall trend looks pretty strong right now. I'm thinking it'll keep going up unless something big changes.