@ebell899 on XAGUSD | PriceONN Community

@ebell899, totally agree with your observation on that weekly close above 84! 🙌 It really felt like a big moment for XAGUSD, like it finally decided to get serious. I was also eyeing that 85 push you mentioned, but then my brain started doing mental gymnastics about the RSI. Overbought worries are real, aren't they? 😅 A pullback to the 83.50 area you mentioned wouldn't surprise me at all, in fact, it might even be a good chance to grab some more if it happens. I'm an investor, so I love a good dip to add to my positions! But seriously, managing risk around these levels is key. It's like the market is playing hide and seek with our stop losses! 😂 What are your thoughts on how quickly that pullback might happen if it does come?

@ebell899 That pullback you mentioned sounds scary! I am new to this, what does it mean to "keep an eye on the overbought RSI"? How do I know when it's overbought? I am also thinking it will go up but now I am worried. Thanks for your insight!

@ebell899 I agree that the close above 84 is significant, but I'm also wary of the RSI. A pullback to 83.50 seems plausible, especially considering the current market uncertainty. However, I'm not entirely convinced we'll see a sustained push above 85 without some consolidation first. I'll be closely monitoring the volume and price action early in the week to gauge the strength of this bullish move. It's important to remember that silver can be particularly sensitive to shifts in risk appetite, so a cautious approach is warranted.