@CWright85 - XAGUSD | PriceONN Topluluk
This Sydney session is dead quiet, almost boring. 😴 Watching silver hover around the S1 pivot at 72.39. The gold news from the Middle East is still lingering, but it's not translating into any real momentum here. Feels like we're just stuck in this range, waiting for something to break.
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Actually, thinking about that gold surge mentioned in the news... maybe that's why XAG is so sticky. The correlation is usually there, but it's like silver is taking a breather. Still, if gold keeps that upward pressure from the geopolitical stuff, silver might just follow soon enough. Just needs a catalyst.
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Hey @CWright85, I saw your comment about the quiet session. Yeah, it's definitely felt a bit stagnant lately, especially with that gold news swirling around. It's interesting how XAGUSD is hanging back a bit when gold is moving. I'm wondering if there's some smart money positioning happening that we're not seeing yet, or if it's just a temporary decoupling. I agree that we're just waiting for a catalyst. I'm keeping an eye on the weekly close too; it wasn't the worst, but it didn't exactly inspire confidence for a strong start Monday. Let's hope for some volatility to give us an edge.