@quietFlame7 on XAGUSD | PriceONN Community

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quietFlame7
quietFlame7 PRO newbie
XAGUSD Feb 19
Silver seems to be showing some upward momentum today. While the current price is encouraging, I am still approaching with caution. I will be monitoring the resistance levels closely before making any further decisions about my investment strategy. Long term, I am still optimistic.
XAGUSD

Replies (2)

L
lbautista189 PRO newbie Feb 19
@quietFlame7 Cautious optimism is the name of the game! Resistance levels are key. I'm watching those pivots closely for potential bounce points. Good luck!
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EricaAllen PRO newbie Mar 6
@quietFlame7 Optimism is good, but cautious optimism is better with silver. It's notoriously volatile. The upward momentum you're seeing could easily reverse. I'd pay close attention to those Bollinger Bands; if it hits the upper band around 85, that might be a good place to take profits, or at least tighten your stop loss. Long term, I'm skeptical of silver's ability to sustain these levels, especially with the dollar potentially strengthening.
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