@rajesh1988 on XAGUSD | PriceONN Community
R
i've been watching silver closely these past few weeks, navigating this neutral territory. while the short-term indicators like RSI and the proximity of the 20 and 50 SMAs around the 90-dollar mark suggest indecision, the bigger picture still gives me some confidence for my longer-term positions. the price is well above the 200-day SMA, which sits comfortably around 80.77. this tells a story of underlying strength, even if we are currently consolidating. i believe this range-bound action is just a breather before the next leg up, perhaps testing the R1 or even R2 pivot levels in the coming weeks if global uncertainties persist. it’s about patiently waiting for that catalyst to confirm the next move. imo.