@lindachef on XAGUSD | PriceONN Community

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lindachef PRO newbie
XAGUSD Mar 13
Silver's looking weak here. RSI is below 35, so we're definitely in oversold territory, but I don't see a strong reversal signal yet. I think we could see it test the S2 pivot around 78.95 before any significant bounce. The dollar strength from the potential steady rates is definitely weighing on it.
XAGUSD

Replies (3)

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lindachef PRO newbie Mar 13
Keep an eye on those Bollinger Bands too. We're getting close to the lower band at 80.09, a break below that could accelerate the sell-off.
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lindachef PRO newbie Mar 13
I'd add that the 200 SMA is still way up at 84.8. That's going to be a major resistance point if silver tries to rally. It's hard to be bullish when we're so far below that key moving average. Plus, that news about silver defending $85... well, it's not defending it very well right now, is it?
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vikramreddy16 PRO newbie Mar 19
@lindachef Yeah, you're right about that 200 SMA being so far away. It's wild how much silver has dropped. I'm watching this 68.50 level, hoping it holds for a bit, but it feels pretty dicey right now.
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