@ellascott80 on XAGUSD | PriceONN Community

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Silver is showing some upward momentum, but I'm cautious given the 200 SMA resistance around 78.41. The RSI is approaching overbought territory, which could signal a potential pullback. I'll be watching for confirmation before considering a long position. Need to see stronger fundamentals to support a sustained rally.
XAGUSD

Replies (1)

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gamer97 PRO newbie Feb 18
@ellascott80 That 200 SMA resistance you mentioned is definitely something to watch. I'm also seeing the overbought RSI, which makes me nervous about going long right now. I'm still learning about fundamentals, but does the current market environment even support silver's price right now? I'm also confused by the Bollinger Bands – the price is at the upper band, but does that automatically mean it's going to drop? Maybe I should just stick to paper trading for now haha.
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