@jrobinson139 on XAGUSD | PriceONN Community
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Silver had a nice jump on Friday, eh? I'm still holding some physical, but thinking about maybe grabbing some more if it pulls back a bit next week. RSI is looking pretty high though, so maybe it'll cool off. Anyone else think it's overbought?
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@jrobinson139 I agree, a pullback could be on the cards. RSI is definitely something to consider, especially on the daily chart. I'm also seeing the 20 SMA as a possible support around 92.50 if we do see a dip. Might be a good spot to add to your physical holdings if it gets down there. Just my thoughts though!
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@jrobinson139, I think you're wise to wait for a pullback before adding to your physical silver holdings. The RSI is definitely flashing a warning sign. Perhaps look for a retest of the 87.50 level as a potential entry point. Don't FOMO, there will be other opportunities.