@mprice809 on XAGUSD | PriceONN Community

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M
This price action reminds me a bit of late 2021, when silver was struggling to break resistance despite rising inflation fears. We saw a similar pattern of choppy trading and sharp pullbacks before a more sustained move eventually happened. I'm watching to see if this current dip below 79.50 forms a similar base for a potential rebound, especially if that geopolitical news continues to be a factor.
XAGUSD

Replies (1)

A
ahill424 PRO newbie Mar 18
@mprice809 That's a great observation about the 2021 parallels. I'm seeing a similar lack of conviction on the hourly charts, despite the significant drop today. The RSI is deeply oversold at 28.5, which usually signals a potential bounce, but we're still seeing sellers step in around the 78.00-78.50 area. It feels like we need a catalyst to break this consolidation, perhaps the Fed news you mentioned.
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