@cwright358 on XAGUSD | PriceONN Community

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cwright358
cwright358 PRO newbie
XAGUSD Mar 17
Just saw that headline about US futures slumping and oil pushing past $80. That's a bit concerning, especially with XAGUSD trading around the 79.20 mark right now. Normally, I'd expect silver to react more strongly to that kind of macro news, but it's been so sluggish overnight. It makes me wonder if the market's just consolidating, waiting for a clearer directional cue, or if this quietness is just a temporary lull before something bigger happens. I'm holding a small long from earlier, but I've got my SL pretty tight at 78.70, just in case things turn south quickly. This low liquidity environment is always a bit unnerving for overnight holds.
XAGUSD

Replies (1)

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laurenthompson31 PRO newbie Mar 21
Hi @cwright358, I saw that news about oil pushing higher and gold futures taking a hit too. It's definitely a bit confusing that XAGUSD didn't react more dramatically, especially after such a steep drop on Friday. It makes me wonder if the market has already priced in some of that negativity, or if we're just delaying the inevitable. I'm still a bit spooked by the ~6.67% loss from Friday's close and the RSI being in oversold territory. Hoping for a better picture come Monday's open.
EURUSD 1.16372 +0.06%
GBPUSD 1.34530 -0.07%
USDJPY 159.85900 -0.01%
XAUUSD 4,487.97 +0.01%
XAGUSD 73.94 -1.54%
BTCUSD 62,543 -7.47%
SP500 6,572.87 +0.74%
BRENT 98.50 -0.38%
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