@ryanthomas on XAGUSD | PriceONN Community

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Silver's breakout is quite impressive! The surge past the 93 level suggests a strong bullish sentiment. RSI is in overbought territory, but momentum could carry it further. Watching for potential resistance around the R1 pivot at 94.37. A short-term pullback is possible, but the overall trend looks upward!
XAGUSD

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ryanthomas PRO newbie Feb 27
Update: Looking at the daily chart, XAGUSD has broken through a key resistance level that has been holding for several months! This could signal the start of a significant long-term uptrend. I'm increasing my position size slightly, but will be closely monitoring the RSI for signs of exhaustion. A potential entry point for new longs could be around the 92 level if we see a retracement. The 20-day SMA is providing solid support. I'm targeting the R2 pivot at 95.2 as my initial TP. Keeping a tight SL just below the S1 pivot.
EURUSD 1.16318 +0.01%
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