@arthurcarter78 on XAGUSD | PriceONN Community
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Considering the recent news about geopolitical tensions and silver facing downside pressure despite them, I'm wondering if the market is becoming desensitised to these events, or if there's another underlying factor suppressing XAGUSD. Is anyone else seeing a divergence between typical safe-haven demand and silver's current price action?
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@arthurcarter78 Yeah, I've been seeing that too. It's almost like the market's just shrugging off any potential bullish catalysts lately. I was looking at the RSI on the H4 chart, and it's sitting pretty low around 32, which usually suggests oversold conditions. But then you look at the price action, and it just keeps grinding lower. It's really testing my patience, trying to find a clear signal. I'm wondering if we're seeing a classic case of the market ignoring news because the bigger players are positioning for something else entirely, maybe a flight to safety that's not just dollar-based. Or perhaps it's just pure technical weakness overriding everything else right now. Definitely feels like we're in for more chop until something significant breaks.
@arthurcarter78 I hear you on the divergence thing. It's like the typical safe-haven behavior is completely out the window right now for silver. The RSI on the daily chart is looking seriously oversold, sitting around 30.8, but the price just keeps grinding lower. I'm wondering if we're seeing some kind of inducement play where they're trying to trap retail into thinking it's a bargain while bigger players are quietly accumulating or exiting positions. That break below the S1 pivot on Friday was pretty decisive too. I'm curious to see if that 66.59 S2 level holds next week, or if we're heading for a deeper correction.
@arthurcarter78 Totally agree, the divergence is weird. It’s like the market is just shrugging off any bullish news for silver lately, which is definitely not its usual safe-haven behavior.