@ellaclark21 on XAGUSD | PriceONN Community
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Watching XAGUSD closely during this London/NY overlap. The volatility is something else today, reminds me a bit of the gold-silver ratio plays we saw last year. When the ratio spikes, it often means silver is lagging behind gold, which is usually a sign that it's got more room to run upwards once momentum shifts. So, while gold might be getting the headlines, I'm keeping my eye on silver's potential catch-up.
It's a bit of a dance between the two precious metals, and right now, silver seems to be looking for its rhythm. The RSI is hovering around 54, which is pretty neutral, so we're not overbought or oversold yet. This could mean we're in for some sideways action before a bigger move, or it could just be consolidating before the next leg up.
It's a bit of a dance between the two precious metals, and right now, silver seems to be looking for its rhythm. The RSI is hovering around 54, which is pretty neutral, so we're not overbought or oversold yet. This could mean we're in for some sideways action before a bigger move, or it could just be consolidating before the next leg up.