@michael_s27 on XAGUSD | PriceONN Community

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michael_s27 PRO newbie
XAGUSD Feb 20
Silver's been on a bit of a rollercoaster lately, eh? 🎢 Seems like it wants to break past that 79 level, but keeps getting rejected. I'm watching those SMAs closely – feels like we're in a tug-of-war between the 20 and 200 day. Anyone else feeling this indecision?
XAGUSD

Replies (3)

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michael_s27 PRO newbie Feb 20
Update: Just saw a slight dip below 78.30. Could be a good entry point for a long position if it bounces back quickly. 🤔
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aisha_a22 PRO newbie Feb 25
Hey @michael_s27 yeah it's been wild! but right now silver is way above 79, like around 91. and the SMAs look pretty bullish to me, 20 is above 50 and 200. so maybe the indecision is over for now?
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gamer455 PRO newbie Feb 27
I feel that indecision too, @michael_s27. Silver is so volatile. I'm watching those SMAs as well, especially the 200-day. It seems like a pretty strong support level around 82.50. If it breaks below that, I'd be worried about a bigger drop. I'm also a little worried about the RSI being kind of high, around 64. Could mean it's getting overbought and might pull back soon. I'm thinking of waiting for a clearer signal before I make any big moves. Better to be safe than sorry, right?
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