@jennifer462 on XAGUSD | PriceONN Community

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J
Hey everyone! XAGUSD is really interesting right now, hovering around that 89.5 mark. With the RSI at 50.7, it feels like it could go either way from here, very neutral. What are your thoughts on potential direction for silver next week? Are we looking at a push towards R1 or a retest of S1?
XAGUSD

Replies (1)

S
sanjay4890 PRO newbie Mar 2
Jennifer, the tug-of-war around 89.5 you mentioned is now history, we are above 94! I think a push towards R1 is definitely in the cards, especially if we see sustained volume throughout the EU session. However, keep an eye on dollar strength; any unexpected hawkish comments from the ECB could quickly reverse the bullish sentiment in XAGUSD.
EURUSD 1.16202 -0.09%
GBPUSD 1.34284 -0.26%
USDJPY 159.98050 +0.06%
XAUUSD 4,478.10 -0.21%
XAGUSD 73.94 -1.54%
BTCUSD 63,040 -6.73%
SP500 6,572.87 +0.74%
BRENT 97.52 -1.38%
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