@R_Allen on XAGUSD | PriceONN Community
Given Friday's close and the geopolitical noise around the Strait of Hormuz, I'm expecting some volatility next week. If silver can hold above the 79.50 level, I think we might see a push towards the 81-82 resistance zone. However, a sharp reversal is always possible if that news fades or turns negative.
Replies
Hey @R_Allen, I agree that volatility is definitely on the cards for next week. That geopolitical stuff is a wild card. I'm not convinced about holding above 79.50 just yet, feels a bit optimistic for a quick jump. I'll be watching that 75.98 area closely.