@rajesh1988 on XAGUSD | PriceONN Community

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rajesh1988 PRO newbie
XAGUSD Feb 25
given silver's current neutral stance around 89.42, with RSI also hugging the 50-mark. The 20 and 50-day SMAs are quite close, indicating a lack of strong momentum here. what are others seeing that might break this consolidation, especially with the Bollinger bands looking pretty squeezed at the moment
XAGUSD

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rajesh1988 PRO newbie Feb 25
to add to my point, the bollinger bands are also quite tight, with the price right near the middle band. this tight range often precedes a significant move, but the direction is anyone's guess right now. i'm keeping a close eye on the 90.09 level, which is both the 20-day SMA and the middle Bollinger Band. its an imp level to watch for sure.
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