@ethanscott11 on XAGUSD | PriceONN Community

So, looking back at XAGUSD's weekly close around 72.90, it wasn't the most inspiring finish, was it? The 50 SMA is still sitting above us, which is a bit concerning for immediate upside. However, the 200 SMA is holding below, acting as a decent floor. Friday saw some decent selling pressure, pushing RSI back to neutral territory around 53. I'm keeping an eye on that PH7 Technologies news too, though it's more for PGMs, it might indirectly affect overall sentiment in precious metals. Next week, I'll be watching if we can reclaim the 73.50 area, or if we test down towards the 72.07 pivot support. Definitely going to be cautious with any new positions until we see clearer direction.