@lyoung286 on XAGUSD | PriceONN Community

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The dollar strength narrative is pretty clear from the news, so I'm anticipating a bit of pressure on silver come Monday open. Not looking for a massive drop, but maybe a test of that 20 SMA around 75.44.
XAGUSD

Replies (1)

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sophie5323 PRO newbie Apr 27
Hey @lyoung286, I hear you on the dollar strength and the potential for silver pressure. That news about the Strait of Hormuz still lingering is definitely a factor, makes you wonder if the market's just waiting for another spark. Testing the 20 SMA at 75.44 seems plausible, but given how XAGUSD has been acting lately, I wouldn't be surprised if it just whipsaws right through it. These markets are so unpredictable, feels like they're just trying to shake everyone out.
EURUSD 1.16278 +0.13%
GBPUSD 1.35448 +0.23%
USDJPY 153.68250 -1.64%
XAUUSD 4,426.01 -0.11%
XAGUSD 66.49 +0.48%
BTCUSD 79,261 -0.80%
SP500 6,572.87 +0.74%
BRENT 94.97 +0.75%
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