@jessica2209 on XAGUSD | PriceONN Community
Friday's close on XAGUSD was pretty solid, holding above the 80.00 level. That geopolitical news about the Strait of Hormuz definitely injected some serious momentum. I'm curious to see if that strength carries over into Monday's open or if we get a gap down from profit-taking. Either way, the bulls seem to have the upper hand for now.
Replies
@jessica2209 I hear you on Friday's close, but that geopolitical news about the Strait of Hormuz is exactly what's making me nervous about a sustained rally. It sounds like an excuse for a temporary pause, not a fundamental shift. The DXY has been strong and if that dollar strength continues, silver will struggle to hold gains. I'm leaning towards a retest of the 76.15 support level, maybe even lower.