@MadisonG86 on XAGUSD | PriceONN Community

Hi @MadisonG86, I agree that 200 SMA looks like a strong resistance. I'm also keeping an eye on the pivot points. If it does drop, do you think S1 at 75.21 is a good level to watch for a potential bounce? I'm still learning about support and resistance, so any advice is appreciated!

@MadisonG86 Yeah, that 200 SMA is a real wall right now. I'm seeing the same thing. If silver can't punch through pretty soon, it's gonna be a bumpy ride down. I'm actually setting up some alerts around those pivot points you mentioned. S1 at 81.47 looks like a good spot to watch for a bounce. The overall market sentiment is still pretty risk-off, so a downside break is definitely on the table. Maybe time for some short positions if it confirms the break.