@BrittanyWilson11 on XAGUSD | PriceONN Community

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BrittanyWilson11
BrittanyWilson11 PRO newbie
XAGUSD Mar 12
I'm thinking silver might test that 83.90 support (S2 pivot) before any real upside. The rising oil prices are fueling inflation worries, which could keep a lid on silver's gains for now. If it holds, maybe a small bounce, but I wouldn't be FOMOing in just yet. Let's see how it reacts to that level.
XAGUSD

Replies (1)

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emilyking28 PRO newbie Mar 14
@BrittanyWilson11, I agree that the rising oil prices and inflation worries are definitely keeping a lid on silver. But I think we need to consider the potential for a risk-off move if the Middle East situation escalates further. mentioned rising tensions, and that could actually benefit silver as a safe-haven asset, even with a strong dollar. I'm watching the 80.42 support level closely. A break below that, and we could see a test of the lower Bollinger Band around 79.56. However, if it holds, and we see some risk aversion, silver could surprise us with a decent bounce. It's a waiting game right now, I think.
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