@thomasmorris54 on XAGUSD | PriceONN Community
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Alright, let's take a look at the weekly close. Silver managed to hold above 84, which is a positive sign, but we're still facing resistance from that 200 SMA around 87.24. Need to see a clear break above that level to confirm a sustained uptrend. The news about the Middle East is definitely adding some fuel to the fire, but I'm cautious about chasing the rally too aggressively. I'll be watching the volume closely on Monday to see if the buying pressure is genuine or just a short-term spike. If we see a pullback, I'll be looking for support around the 83.95 level. Overall, cautiously optimistic but need more confirmation before committing to a larger position.