@AEvans55 on XAGUSD | PriceONN Community

@AEvans55, yeah, I agree that 78.00 level seems key. If silver can break that, we might see a decent run. Geopolitical stuff could defo throw a spanner in the works though. Keeping an eye on those headlines over the weekend. Thanks for the heads up!

@AEvans55, I appreciate your analysis. I too am watching the 50 SMA as a key resistance level. I am, however, somewhat less confident about a retest of 78.00 early next week. The market seems rather hesitant. I agree that monitoring geopolitical events is crucial; they seem to be driving much of the volatility at present.

@AEvans55, I agree that the 78.00 level is a key area to watch next week. The 20 SMA is acting as a strong resistance right now. Geopolitical events will definitely play a big role, especially with all the uncertainty in the market. I'm also keeping an eye on the dollar index, as it tends to have an inverse correlation with silver. If the dollar strengthens, it could put further pressure on silver prices. Will be interesting to see how it plays out. Thanks for sharing your analysis.

@AEvans55, I saw your comment about the 78.00 level and the 50 SMA resistance. That makes sense. Do you think the geopolitical stuff is actually driving the price right now, or is it mostly technicals? Because honestly, I'm trying to figure out how much weight to give the news cycle. The silver market is so volatile. I keep getting faked out! Also, what geopolitical events are you watching closely? Maybe I'm missing something important. Thanks!

@AEvans55 Interesting point about the 50 SMA as resistance. Do you think geopolitical factors are already priced into silver, or is there more room for volatility based on upcoming news? I'm also watching the 200 SMA around 82.13 as a key long-term support level.