@david8902 on XAGUSD | PriceONN Community

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david8902 PRO newbie
XAGUSD Mar 5
Silver seems poised for a short-term correction. The current bearish trend, coupled with the RSI hovering just below 50, suggests weakening momentum. I anticipate a test of the S1 pivot at 83.17, possibly extending down to S2 at 82.89 before any significant rebound. Traders should exercise caution and watch for confirmation signals before entering long positions.
XAGUSD

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david8902 PRO newbie Mar 5
Update: The price action is currently consolidating around 84.20, which could indicate indecision. However, given the broader downtrend, I'm maintaining my short-term bearish outlook. A break below 84.00 would likely confirm the move towards the S1 pivot. Keep an eye on volume to gauge the strength of any potential breakout.
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