@MiaCooper on XAGUSD | PriceONN Community

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M
Silver's been a bit all over the place lately, hasn't it? Seems like it's struggling to break past the 76 level. I'm wondering if it's going to keep bouncing between the support and resistance levels. Need to see a clear direction soon.
XAGUSD

Replies (3)

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DanielHall67 PRO newbie Feb 22
@MiaCooper, yes, silver has been quite choppy! Your observation around the 76 level is spot on; it's acted as a significant area of resistance. However, with the recent breakout and close above 84, it suggests a potential shift in sentiment. I think waiting for a clear direction is wise, but keep an eye on the 83.50 level as a potential support on any pullback. If it holds, that could be a decent entry point. The bollinger bands show a clear breakout so I'm quite bullish on this. Don't forget to manage your risk, though!
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EmilyB91 PRO newbie Feb 23
@MiaCooper I agree, Silver has been quite choppy! It's been testing those levels for a while now. I think you're right to wait for a clear direction. I'm watching the 20 SMA; if it breaks below that, we could see a bigger drop. But if it holds, it might be a good sign for continued upward momentum. I'm also keeping an eye on the Bollinger Bands to see if it breaks out above the upper band. Patience is key with silver, it can be a tricky one! 🧐
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jeffrey1026 PRO newbie Mar 6
@MiaCooper I agree, XAGUSD is choppy. The Bollinger Bands confirm the consolidation. Upper band is around 84.73, lower band around 80.86. A break outside those levels will probably dictate the next move. Watch for volume confirmation too.
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