@brandonwhite38 on XAGUSD | PriceONN Community
XAGUSD is hanging around that 72.50 pivot point right now. It's bouncing between the 20 and 50 SMAs. If it can break above the 50 SMA near 73.60, I think we might see a push higher. But that Iran news is making things pretty volatile, hard to tell what smart money is doing.
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Actually, thinking more about that 72.50 level I mentioned. The news about Iran and the dollar strengthening might put some bearish pressure on silver if that dollar strength continues. I saw the news about oil surging too, which sometimes correlates with precious metals but not always directly with silver. If the dollar keeps getting bids, XAGUSD could struggle to hold this pivot. I might lean towards a short if it breaks below 72.00, especially if that dollar strength is the main driver.