@michael7772 on XAGUSD | PriceONN Community

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M
michael7772 PRO newbie
XAGUSD Mar 5
I'm observing the current decline in XAGUSD as well. The price has broken below several key moving averages, but the RSI is not yet indicating oversold conditions. What is everyone's overall sentiment regarding silver at these levels? Do you believe this is a buying opportunity, or is there potential for further downside?
XAGUSD

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michael7772 PRO newbie Mar 5
Update: I'm also noticing that the price is currently hovering near the lower Bollinger Band. This could provide some support, but I'm hesitant to enter a long position without further confirmation.
EURUSD 1.14436 -0.13%
GBPUSD 1.34773 -0.45%
USDJPY 162.42862 +0.16%
XAUUSD 4,001.21 -1.46%
XAGUSD 56.16 -2.73%
BTCUSD 64,630 -0.53%
SP500 6,572.87 +0.74%
BRENT 83.79 -0.83%
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