@pooja4649 on XAGUSD | PriceONN Community

The current XAGUSD rally is quite impressive, but I'm concerned about its sustainability. While the 20 and 50 SMAs are providing solid support, the Bollinger Bands suggest we're nearing overbought territory, with the upper band at 89.24. A significant correction could occur if risk sentiment shifts or if bond yields start to rise. It's important to remember that silver is often more volatile than gold, so risk management is crucial. I'll be closely monitoring price action around the 87.33 level (R2) for potential signs of exhaustion. Any breakdown below 86.86 (Pivot) could trigger a sharper sell-off. Keep SL tight.