@MatthewNelson44 on XAGUSD | PriceONN Community
M
Silver appears to be consolidating around the 76.50 level, with the 20-day SMA acting as immediate support. The RSI is hovering near neutral, suggesting a lack of strong directional momentum. A break above 77.00 may signal further upside, while a drop below 76.00 could lead to a test of lower support levels.
Replies
Matthew, I agree about the consolidation. That 76.50 level is key. A break below that, and we could easily see it testing 76.00 or even lower. Waiting for confirmation is the name of the game.
S
Thanks @MatthewNelson44 for pointing out the consolidation around the 86.50 level. I agree that monitoring the RSI and potential breaks above or below key levels will be crucial for determining the next move in XAGUSD.