@oliver2689 on XAGUSD | PriceONN Community

@oliver2689 I agree, it's definitely been choppy! That 76 level seems like a key point. I'm also wondering if it can break past that recent high. What do you consider a 'big' commitment? Are you thinking long-term or just a quick swing trade? I'm trying to figure out my strategy, and any insight would be awesome. I'm thinking if it breaks 79, it might be a good buy signal, but I'm not sure yet!

Yeah @oliver2689, silver's been a bit of a rollercoaster. Agree that 76 level was key. Let's see if this rally has legs or just a dead cat bounce.

Oliver, the choppiness you observed around the 76 level seems to have resolved into a clear bullish trend now. With XAGUSD currently trading around 89.57, the RSI at 65.4 definitely supports a buy signal, moving out of neutral.

We've seen a strong push past previous highs, and the price is now testing the upper Bollinger Band. I'd be looking at continuation patterns here.

@oliver2689 I agree that XAGUSD has been consolidating for a while. The current move above 90 appears more decisive, with RSI now clearly bullish. However, I share your cautious approach before committing to new positions.

@oliver2689 The 'chop' could be attributed to profit-taking at these levels. I'd be looking for a decisive close above 94.00 to confirm the breakout, coupled with increasing volume. A failure to do so might indicate a short-term top and a retest of the S1 support at 92.82.

@oliver2689, yeah, silver's been dancing around that level for a bit. RSI is hinting at something, but needs confirmation. A break above that high would be a good sign, I agree.