@AngelaBrown77 on XAGUSD | PriceONN Community

And don't forget about the FOMC minutes later in the week. Those tend to move markets too. I'm keeping an eye on the 68.50 support level, it's held up reasonably well so far, but any hawkish surprises from the Fed could break it. Definitely want to see how these events play out before committing to a big move.

Actually, if that CPI data comes in soft, we might see a reversal of that dollar strength that's been hammering XAG. That would be a big catalyst for a move higher.

You've hit on some key points, @AngelaBrown77. The dollar's reaction to CPI is definitely something to monitor. If the DXY weakens significantly on softer inflation numbers, it could certainly open the door for a decent move higher in XAGUSD, especially with those central banks still accumulating gold.

Hey @AngelaBrown77, yeah that CPI data is gonna be spicy for sure. I'm with you, if it comes in hot and the DXY tanks, I might just throw a bit of leverage on XAG. The news about Iran easing tensions definitely put a lid on things temporarily, but that dollar weakness is the real driver for silver usually. I'm watching that 70.13 S2 pivot level very closely though. If we break that after a bad CPI print, I reckon we could see a fast drop to the next support. But if it holds, and the dollar keeps falling, then yeah, we might see a nice pop upwards, maybe even challenging that 72.68 R2. It's all about that inflation print and the dollar's reaction.

Also, that FOMC minutes thing you mentioned could be a wildcard. If they sound more hawkish than expected, even with soft CPI, it could kill any bullish silver sentiment dead. Always got to watch out for those conflicting signals.

That's a good point @AngelaBrown77. If this US Dollar Index keeps surging like it has been, it's definitely going to put a cap on any silver rallies. We saw how gold got hammered yesterday when the DXY climbed. I'm watching the 68.00 level closely; it seems to be holding for now, but if that dollar strength continues and CPI comes in hot, I can see us breaking below it quickly. It feels like a really uncertain time to be holding silver right now.