@fcarter423 on XAGUSD | PriceONN Community
Solid close to the week for silver, pushing right up to R2. RSI hitting overbought territory at 70.3 though, which is a bit of a concern. Might see some profit-taking early next week. Watching for a potential pullback to the 93.00 pivot before considering further long positions. 🤔
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Update: Given the geopolitical tensions with the US and Israel strike on Iran, safe-haven assets like silver could see increased demand. I'm adjusting my risk parameters slightly, anticipating potential volatility at Monday's open. Will be monitoring the overnight futures closely to gauge market sentiment before making any major moves. 🧐