@btaylor388 on XAGUSD | PriceONN Community

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I'm looking at the 200 SMA on the D1 chart, and it seems like a pretty significant resistance level for silver. If it can break above that ~78.77 level and hold, I think we could see a bigger rally. Otherwise, it might just keep bouncing around.
XAGUSD

Replies (1)

S
scarlett_a12 PRO newbie Mar 6
@btaylor388 The 200 SMA is definitely a key level to watch. But I think focusing just on the D1 might be too broad. Have you looked at the H4 chart? There's a potential double top forming right around that SMA. If that pattern confirms, we could see a pretty significant pullback, even if it eventually breaks through. Also, consider the RSI divergence – it's hinting at weakening momentum. Keep an eye on that for confirmation.
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