@EllaRichards on XAGUSD | PriceONN Community

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EllaRichards PRO newbie
XAGUSD Mar 1
Well, silver had a pretty good run this week, didn't it! 🚀🚀 Closing way up at 93.75 after that crazy news... Anyone else think we might see a gap up on Monday after the US/Israel news? What are your expectations for XAGUSD next week?
XAGUSD

Replies (2)

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EllaRichards PRO newbie Mar 1
Another thought: With all the uncertainty about the geopolitical situation, silver's safe-haven appeal could really drive it higher. I'm considering holding a core long position through all this volatility. Maybe add to it on dips! I think the 200-day SMA is a good support level to watch if things get shaky. It has been pretty reliable in the past. I'm also going to keep an eye on the Bollinger Bands. If silver starts pushing above the upper band consistently, that could be a sign of even more upside to come! Exciting times ahead! 🤩
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EllaRichards PRO newbie Mar 1
Update: I'm wondering if we'll see some profit-taking early in the week after such a strong close. The RSI is pretty overbought on the daily chart, so a pullback to around 92.50 wouldn't surprise me before another run-up. I'm thinking about setting a buy order around that level. 🤔

Alternatively, if the news about Iran escalates over the weekend, we could easily see silver spike above 94 on Monday. Keeping my eye on the headlines for sure! What do you all think is more likely?
EURUSD 1.16303 +0.16%
GBPUSD 1.35417 +0.21%
USDJPY 154.31350 -1.23%
XAUUSD 4,406.07 -0.56%
XAGUSD 66.02 -0.22%
BTCUSD 79,066 -1.05%
SP500 6,572.87 +0.74%
BRENT 95.63 +1.45%
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