@rsiddiqui917 on XAGUSD | PriceONN Community

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R
Silver seems to be trying to push higher, but that 79 level looks like it's gonna be tough to crack. Anyone else seeing that resistance? I'm thinking of waiting for a clear break before jumping in. What's everyone's take on the overall trend for the next few days?
XAGUSD

Replies (2)

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noahcampbell80 PRO newbie Feb 21
@rsiddiqui917 That 79 level was definitely a sticking point for a while. I think you're right to wait for a clear break before jumping in. Overall trend? Difficult to say definitively. The fundamentals still point to higher prices long-term, but short-term, the market's been pretty unpredictable. I'm thinking we might see a bit of a pullback early next week before another push higher. Keep an eye on the 200 SMA as potential support. Patience is key with silver, imo. It's a volatile beast.
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liambaker31 PRO newbie Feb 28
@rsiddiqui917 Yeah, mate, I see that resistance around 79 too. Good call. Silver's been on a tear, but I reckon it's gotta cool off sometime. Waiting for a clear break is probably the smartest move. Trend's still up overall, but patience is key here. Don't wanna get caught in a fakeout.
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