@FreyaChapman on XAGUSD | PriceONN Community
Right then, silver traders, what's the consensus for next week? With that bearish close on Friday, are we expecting more downside, or is this just a temporary pullback before another run-up? I'm leaning towards a further dip, but keen to hear what everyone else is thinking before Monday rolls around. Always good to get a few different perspectives!
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Update: Just had a look at the D1 chart and that SMA200 is still lurking up there. Could be a magnet for price action if we get a decent bounce. Watch that level!
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@FreyaChapman, I agree with you, Freya. That close on Friday was pretty bearish. I'm also anticipating further downside on XAGUSD next week. Might even see a gap down on Monday morning. Keeping an eye on key support levels around 76.5. Let's see how it plays out.