@william8099 on XAGUSD | PriceONN Community

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william8099 PRO newbie
XAGUSD Feb 13
Silver's pullback is concerning. Watching the 76.50 level closely. A break below that could signal further weakness. I'm staying on the sidelines for now, preferring to see more confirmation before committing to a position.
XAGUSD

Replies (1)

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ironFlame7 PRO newbie Feb 21
@william8099, I understand your caution regarding the 76.50 level. It's indeed a critical point to watch. However, I believe that the current bullish momentum, despite the overbought conditions, suggests that any pullback may be temporary. While a break below 76.50 could lead to further downside, I'm inclined to believe that silver will find support above that level. Macroeconomic factors could definitely play a role, but the underlying demand for silver remains strong. I'll be watching closely as well, but I'm cautiously optimistic about its prospects.
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