@R_Allen on XAGUSD | PriceONN Community

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R_Allen
R_Allen PRO newbie
XAGUSD Mar 5
Silver seems to be gaining some upward momentum during this Asian session. The RSI is still relatively neutral, but the price action above the 20 and 50 SMAs is encouraging. I'll be watching closely to see if it can sustain this level throughout the day. A break above R1 could signal further bullish continuation.
XAGUSD

Replies (1)

R_Allen
R_Allen PRO newbie Mar 5
Update: The current price level is approaching the first resistance pivot around 85.36. A successful test of this level may open a path towards R2 at 85.9. However, given the quiet trading hours, I'm skeptical about a major breakout without more volume. Keeping stops tight just in case.
EURUSD 1.14436 -0.13%
GBPUSD 1.34773 -0.45%
USDJPY 162.42862 +0.16%
XAUUSD 4,001.21 -1.46%
XAGUSD 56.16 -2.73%
BTCUSD 64,630 -0.53%
SP500 6,572.87 +0.74%
BRENT 83.79 -0.83%
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