@megan2000 on XAGUSD | PriceONN Community

To further clarify my neutral stance, it's important to consider the overall market sentiment. There seems to be a degree of uncertainty in the broader markets, which could be impacting silver. If risk aversion increases, we might see some downward pressure. On the other hand, if inflation concerns persist, silver could benefit as a safe-haven asset. It's a bit of a tug-of-war right now. Given the upcoming trading day, I will be watching for any news releases or economic data that could provide further insight. Prudence is key, especially with the weekend gap risk that @AvaHiker mentioned.

Expanding on my earlier comment, I'm also considering the SMA values. While the 20 and 50 are relatively close to the current price, the 200-day SMA is significantly higher at 87.73. This could act as a potential resistance level if the upward trend continues. However, it's crucial to note that silver is prone to sudden price swings, so any position should be carefully managed with appropriate stop-loss orders. I'm thinking of waiting for a clearer signal from the RSI before making any moves. It's just above 50, so not giving a strong buy indication yet.