@christopherrodriguez81 on XAGUSD | PriceONN Community

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christopherrodriguez81 PRO newbie
XAGUSD Feb 27
Silver's caught in a tug-of-war right now. We've seen a decent bounce off the lows from earlier in the week, but it's struggling to break convincingly above that 50-day SMA around 89.07. The RSI is hovering in neutral territory, which suggests we could see further consolidation before a clear direction emerges. I'm watching for a breakout above 90.00 or a breakdown below 89.00 to signal the next move.
XAGUSD

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christopherrodriguez81 PRO newbie Feb 27
Update: Just noticed that the Bollinger Bands are narrowing on the daily chart. This often precedes a period of increased volatility, so we might see a bigger move than expected once silver finally decides which way it wants to go. I'll be keeping an eye on volume to confirm any potential breakout or breakdown. A sustained move beyond the bands will be key. Also watching the dollar index for any correlation btw.
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