@gracecoffee on XAGUSD | PriceONN Community

With the Australian inflation data showing such a sharp surge, it's hard to ignore the potential impact on precious metals. While the headlines mention gold, XAGUSD often follows suit. I'm watching the Fed rate expectations closely here. If inflation continues to climb globally and the US dollar strengthens as a result, it could put pressure on silver, even with the geopolitical tailwinds. We're seeing a neutral RSI around 55, which suggests neither extreme bullishness nor bearishness yet. The 50-day SMA at 72.4 is also acting as a resistance level. I'll be looking at the upcoming US inflation data to see if it solidifies the market's next move. A strong reading might push the Fed to maintain higher rates for longer, which would typically be bearish for silver, but the current geopolitical tension is creating a conflicting narrative. It's a complex environment right now.