@madisonallen70 on XAGUSD | PriceONN Community

Also, that FVG between 79.90 and 80.10 needs to be filled. If price rejects from there again, it's a clear signal for shorts to step in. No news today really, so it's all chart action for now.

Actually, if we look at the order block around 79.80, that's holding pretty firm. The sellers might be getting exhausted there. I'm still leaning neutral on this one until we see a clear break of either that OB or the S1 pivot with some conviction.

Hey @madisonallen70, I see your point about the FVG and the order block. That 79.80 level has definitely been a battleground. I was looking at the 200-period SMA on the 4H chart, which is sitting just above 78.15 right now. If price starts rejecting from your FVG and then fails to hold the S1 pivot at 77.41, I think we'll see a fairly swift move down towards that 200 SMA. The dollar index has been showing some resilience too, which adds to the bearish pressure on silver. It's a tricky confluence of factors, for sure. I'm not convinced on the bull flag formation yet given the current macro backdrop.

Hey @madisonallen70, I agree that 79.80 is a key level, but honestly, I'm seeing more strength building below that now. That bounce from the S1 pivot looks like it's gaining momentum. I'm betting on a bullish break here.