@oscar2301 on XAGUSD | PriceONN Community

@oscar2301, that 200-day SMA is definitely a wall. Good eye! I think it's more than just a resistance point, it's a psychological barrier too. Everyone's watching it. If XAGUSD can break through with some volume, we might see a real rally. But if it bounces, look out below! I'm thinking we'll see a test soon, maybe within the next few days. Prepare your stops, my friend. Remember, trading without stops is like driving without brakes in Lagos traffic – a recipe for disaster!

@oscar2301, that 200 SMA is definitely a key level to watch. Given the current bearish trend and RSI around 34, I'd be cautious about expecting a strong bounce off it. More likely, it'll act as resistance if silver even gets up that high. I'm looking at the pivots, and S1 around 81.93 is my immediate concern – if that breaks, we could easily see a test of S2 at 81.21. Keep an eye on volume too; a surge in selling volume would confirm the bearish sentiment. BTW, I personally think we'll range between 81 and 84 for a bit before deciding on direction.