@jyoung61 on XAGUSD | PriceONN Community
Silver's breakout is impressive! The price has surged past the R1 and R2 pivot points. However, the RSI at 71.1 indicates overbought conditions, so a potential correction might be on the horizon. I'm watching the Bollinger Bands closely to see if the price can sustain above the upper band. I'm excited to see where this goes!
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Update: I'm thinking about waiting for a confirmation candle before making any moves. A close above the upper Bollinger Band would be a bullish signal, but a significant rejection at these levels could indicate a short-term top. Managing risk is key, right?