@miguelbautista97 on XAGUSD | PriceONN Community

Yeah, looks like the current price action is respecting the 50 SMA on the H4 chart. Could be a good support level to watch. I'm still neutral overall tho.

Update: I'm seeing the DXY also play a role here. A strengthening dollar puts downward pressure on silver, adding another layer of complexity. I'm currently running some regression analysis to quantify these relationships. Preliminary results suggest a stronger correlation with the 10-year yield. Will keep you posted.

@miguelbautista97, that's a valid point about the inverse relationship between XAGUSD and the 10-year Treasury yield. I've observed similar patterns. However, I wouldn't rely solely on that correlation. It's crucial to consider other factors such as inflation expectations and overall risk sentiment. A sudden shift in market sentiment could easily disrupt that correlation. Perhaps a combination of yield analysis with a momentum indicator like MACD could provide a more robust trading signal. What are your thoughts on combining fundamental and technical analysis in this scenario?

@miguelbautista97 That's an interesting observation regarding the inverse correlation between XAGUSD and US Treasury yields. I'll definitely keep an eye on that next week. It aligns with the broader market sentiment where risk-off assets tend to perform well when yields decline. However, I'd also consider other factors like industrial demand for silver, which can sometimes override the yield correlation. Thanks for sharing your thoughts.