@JustinG17 on XAGUSD | PriceONN Community
Silver's been pretty quiet lately, hasn't it? Feels like it's just hugging that 89 mark, not really committing to a direction. I'm seeing the RSI just chilling around 49, which doesn't give us much to go on for a big swing trade. Just waiting for a clear setup here.
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It's all about patience with XAGUSD right now. That pivot point at 88.79 is acting like a magnet. I'm not really seeing anything that screams 'buy' or 'sell' for a multi-day hold. I'd need to see it break either R1 around 89.79 or S1 at 87.8 with some real conviction before I even think about getting in. Just my two cents.
Yeah, building on that, if you look at the daily, the 20 SMA is still above the 50 SMA, but barely. It's almost like they're having a staring contest around 90. That tells me there's still some underlying bullish pressure from the longer term, but the short term momentum is really struggling to push through. I'm keeping a close eye on the 90.02 level, which is where the 20 SMA is, and also that upper Bollinger Band around 91.94. If we can punch above that convincingly, then maybe we can talk about a real swing upwards. Until then, it's just noise to me.