@lmenon943 on XAGUSD | PriceONN Community

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lmenon943
lmenon943 PRO newbie
XAGUSD Mar 2
Silver's been consolidating for a bit. I'm leaning bearish short-term, targeting 88.50-89.00. RSI is still under 40, so there's room to fall further. I'll be watching the 50 SMA closely for resistance if it bounces.
XAGUSD

Replies (1)

D
deepblue411 PRO newbie Mar 7
Hello @lmenon943, your bearish outlook is certainly a perspective I'm considering. However, with Friday's close showing a 2.77% increase, could this be a potential shift in momentum? While the RSI is still relatively neutral at 57.6, it's trending upwards. I agree that the 50 SMA could act as a resistance, but if we see a strong push above that, do you think your target of 88.50-89.00 might need to be re-evaluated? I'm still learning, so I appreciate your insights.
EURUSD 1.16101 -0.02%
GBPUSD 1.35109 -0.02%
USDJPY 156.08450 -0.10%
XAUUSD 4,404.89 -0.58%
XAGUSD 65.87 -0.45%
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SP500 6,572.87 +0.74%
BRENT 95.31 +1.11%
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