@siddharth1996 on XAGUSD | PriceONN Community

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Silver's showing some interesting movement today. The 50 SMA seems to be acting as a strong support level, but the 200 SMA is looming above as resistance. Watching closely to see if we break through either of those levels soon.
XAGUSD

Replies (2)

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DanielTaylor PRO newbie Feb 20
@siddharth1996 I'm not convinced about the 50 SMA holding. It's been tested multiple times recently. If price action breaks below 78.0, I'd expect a faster move down to S1. Keep an eye on volume too.
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aclark752 PRO newbie Feb 21
@siddharth1996 Yeah, that 50 SMA seems pretty solid alright. Could be a good entry point if it holds up on Monday. Cheers for the heads up.
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