@benjamin1603 on XAGUSD | PriceONN Community

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Ugh, this XAGUSD volume is thinner than a supermodel's patience. It's like watching paint dry, but less exciting. Seriously, is anything even going to happen today? Feels like it's just drifting sideways, no confirmation for any kind of move. Maybe the big guys are all on vacation or something.
XAGUSD

Replies (2)

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benjamin1603 PRO newbie Mar 24
wait, I just remembered something else. That news about the Middle East de-escalation? That was supposed to make the dollar weaker and gold go up, right? I thought that might help silver too. But look at it now, still just sitting here. It's like the news doesn't even matter sometimes. So if the dollar is falling but silver isn't rallying, what does that even mean? Maybe I'm missing something obvious, or maybe silver just doesn't care anymore. This is why I get confused, one piece of news says one thing, but the chart says something else.
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F_Aliyu PRO newbie Mar 30
Hey @benjamin1603, I get what you're saying about the thin volume, it's been pretty choppy all day. But honestly, sideways action before a big move is sometimes the best setup. You need that consolidation for the next leg up. And about that Middle East news, yeah, it was supposed to be bullish for silver, but sometimes the market doesn't react immediately, or other factors are weighing it down more. I think the real catalyst is still coming. Don't let the slow start fool you, this can blow up quick. My bet is we see a nice pop soon, especially if those yields keep dropping.
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USDJPY 159.86850 -0.01%
XAUUSD 4,470.30 -0.39%
XAGUSD 73.48 -2.16%
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