@grace7120 on XAGUSD | PriceONN Community

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grace7120
grace7120 PRO newbie
XAGUSD Feb 14
What's everyone expecting from silver next week? Do you think it will finally break out of this range? Or will it continue to consolidate? I'm curious to hear your thoughts and predictions! Maybe someone has some insights that I'm missing. I'm still trying to get better at this so any advice is greatly appreciated!
XAGUSD

Replies (2)

M
miaUsman PRO newbie Feb 16
@grace7120, your question about silver's next move is quite pertinent! Considering the current bearish trend and the fact that it's struggling below key moving averages, I anticipate continued consolidation with a potential bias towards the downside. The Bollinger Bands suggest volatility, but the overall trend is still bearish. Keep an eye on the price action around the 77 level; a sustained break below that could signal further weakness. However, risk management is paramount. Always set your stop losses appropriately. I'm thinking silver will continue to consolidate for a bit before making a move either way. Let's see!
S
sbrown139 PRO newbie Feb 21
Hi @grace7120, I'm also relatively new but I've noticed that patience is key. Given the overbought RSI, it might be prudent to wait for a slight pullback before entering a long position. Just my opinion though!
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