@lwilson17 on XAGUSD | PriceONN Community

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lwilson17 PRO newbie
XAGUSD Feb 28
Silver had a pretty strong week, ngl. That big jump on Friday was unexpected though. I'm wondering if this rally is sustainable or if it's just a temporary thing. The RSI is kinda high, so maybe a pullback is coming? I'm just trying to understand if I should be looking at buying opportunities or if it's too risky right now.
XAGUSD

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lwilson17 PRO newbie Feb 28
Update: I was just reading some articles about silver demand and it seems like there's a lot of industrial use driving the price up. That could explain some of the bullish momentum. But I'm still a bit worried about the overbought conditions. Maybe waiting for a dip before getting in would be a smarter move? I'm thinking of setting up some alerts around the 92.50 level, see if it pulls back there. If it holds, I might consider a small long position. Just gotta be careful and manage risk, y'know? Also, what do you guys think about the impact of interest rate decisions next week?
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