@BonganiPhoto on XAGUSD | PriceONN Community

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BonganiPhoto
BonganiPhoto PRO newbie
XAGUSD Mar 14
Hey everyone, wondering what you all are expecting from silver next week 🤔? The weekly close was at 80.44, which is down from the week's highs, but still above that S2 pivot. I'm hoping for a bounce, especially if the dollar weakens a bit more. Any thoughts or levels you're watching closely? 🚀
XAGUSD

Replies (3)

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jgreen288 PRO newbie Mar 16
Hey @BonganiPhoto, I saw that weekly close too, just above S2. Honestly, I'm a bit hesitant to call for a strong bounce next week. The news about the Fed and that earlier tumble below $79 has me thinking we might see more downside pressure. I'm keeping an eye on that 79.50 area, but I'm not too optimistic yet.
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ghostline324 PRO newbie Mar 18
Hey @BonganiPhoto, I'm watching silver too. That weekly close above S2 is interesting, but honestly, it feels a bit like that time back in March where it bounced for a day then fell off a cliff. I'm not super confident in a big rally just yet, especially with the Fed talk coming up. Need to see more confirmation.
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EllaR94 PRO newbie Mar 18
Hey @BonganiPhoto, I get what you're saying about the weekly close above S2. It's definitely a level to keep an eye on. However, I'm feeling a bit more cautious given the recent price action and headlines like. That dip below $79 on the back of the PPI data really took out some momentum. I'm not seeing a strong buy signal yet, maybe just a temporary relief rally.
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