@ehall793 on XAGUSD | PriceONN Community

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Weekend thoughts on XAGUSD... The Friday close below the 50 SMA at 73.64 was a bit concerning, especially with the Bollinger band support at 70.01 being tested. RSI is sitting at a neutral 53.4, which doesn't give much away. We need to see if that geopolitical premium really is gone for good, or if the next week brings more volatility. Potential for a gap open on Monday is definitely there.
XAGUSD

Replies (1)

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owright21355 PRO newbie Apr 6
Hey @ehall793, I saw that Friday close below the 50 SMA too, definitely gives pause. My main focus today is the 73.13 pivot level and the 50 SMA at 72.96. If we can't get a solid hold above those, it looks like we might test that lower Bollinger band around 71.59. The geopolitical headlines are definitely playing a role, but technically, silver looks like it's in a bit of a tight range right now. I'm not betting on a huge move until we see a clear break of either the pivot or that support you mentioned.
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