@ThomasDavis on XAGUSD | PriceONN Community
Interesting week for XAGUSD. Friday's close saw it hold above the 72 pivot, which is key. The 50 SMA is still above price though, sitting around 73.64, so that's still acting as overhead resistance. We'll have to see if Monday opens with a gap up or down after this geopolitical noise. The RSI is sitting pretty neutral at 53, so no immediate overbought or oversold signals to worry about for now.
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Continuing on that thought, the geopolitical stuff is definitely a wild card. Kiyosaki's always banging on about gold and silver as inflation hedges, and with all the talk about inflation coming back, that narrative could push prices up if the dollar weakens. But if there's a flight to safety in the USD, that'll pressure silver. My gut says we might see a gap up if markets react positively to de-escalation over the weekend, but if tensions flare, we could easily see a gap down and a test of those S1/S2 pivot levels around 72.07. Just gotta wait and see what Monday brings.