@SolarFlare63 on XAGUSD | PriceONN Community
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Looking at the weekly chart for XAGUSD, I can't help but feel this recent pullback is just a healthy correction before the next leg up. Yes, we closed Friday below the 20-day SMA, and the RSI is definitely low, which might spook some traders. However, this is the kind of dip that often presents a great buying opportunity for those looking long-term. Remember how miners were talking about modernization? That suggests underlying demand. I'm keeping a close eye on the 66.50 pivot point; if that holds, I'll be looking to add to my position. The volatility is high, but that's often where the best trades are made. I'm certainly not bearish on silver right now.