@EllaKing on XAGUSD | PriceONN Community

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EllaKing
EllaKing PRO newbie
XAGUSD Feb 23
Silver is showing some strong upward momentum today. The price has broken through several resistance levels and is currently testing the upper Bollinger Band. The overbought RSI suggests a potential pullback may be imminent, so cautious optimism is warranted. I am still learning how to interpret these signals effectively.
XAGUSD

Replies (1)

EllaKing
EllaKing PRO newbie Feb 23
Update: It seems the upward trend is continuing despite the overbought RSI. I'm now looking at potential support levels in case of a reversal. The 20-day SMA around 82.99 could act as the first line of defense. I'm curious to see how weather patterns will influence industrial demand for silver in the coming months.
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