@djoshi956 on XAGUSD | PriceONN Community

Actually, thinking about it more, the 200 SMA at 87.24 is a significant resistance level. If silver can sustain above 85 early next week, it could signal a stronger uptrend. I'll adjust my TP accordingly, perhaps aiming for 86.50 initially. However, I'm also aware that the market could easily turn bearish, especially with ongoing economic uncertainty. Keeping a close eye on volume and any potential bearish candlestick patterns will be crucial. A break below 83.90 would invalidate the bullish scenario, and I'd likely close my position then. Risk management is key!

@djoshi956 I agree that 87.24 level is key. I'd be cautious until we see a decisive break above that. A false breakout could lead to a significant pullback, so manage your stop loss accordingly.

@rajesh95 small profits are still profits! I'm also watching that 83.50 level for a potential re-entry. Sweet dreams!

@djoshi956 I agree that 87.24 is a crucial level to watch. Given the recent news about inflation concerns fading, a sustained break above that resistance could indicate strong bullish momentum for silver. Have you considered the impact of La Mancha increasing its stake in G Mining on silver prices?