XAGUSD showing considerable strength today. The RSI(14) at 65.1 indicates a bullish trend, and the price breaking above the R2 pivot point of 87.56 is significant. I will be observing if it can sustain above this level. A retracement to the pivot point could present a buying opportunity.
Update: Having reviewed the D1 chart, the 200-day SMA at 79.1 provides a strong support level. Should the price retrace, that would be an area of interest to add to positions. The Bollinger Bands suggest volatility may increase further, so caution is advised. I will adjust my stop-loss accordingly.
