@mhill812 on XAGUSD | PriceONN Community
Is anyone else watching the 200 SMA on the daily chart? Seems like a key level to watch for potential resistance.
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@mhill812 Yes, I'm watching the 200 SMA too! It's definitely a key level to watch. I think if it breaks above that, we could see a significant move upwards. Otherwise, it's likely to act as a strong resistance point. What's your strategy if it hits that level?
@mhill812, good eye on that 200 SMA. It's been a reliable indicator in the past. If silver breaks through decisively, it could be a strong buy signal. But, and it's a big BUT, the RSI is flashing bright red. A pullback to that SMA for a retest would be a healthier move, imo. Playing the waiting game is key here.