@thomas85 on XAGUSD | PriceONN Community
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Reviewing the weekly close on silver, it's interesting to note the strong bullish momentum despite the RSI still being relatively neutral. The price has broken above the SMA20 and SMA50, which is a positive sign, but the SMA200 is looming above. I think Monday's opening will be crucial in determining whether this rally has legs. A gap up could signal further upside potential, but a failure to hold above the current price level might indicate a retracement towards the SMA50. I'm keeping a close eye on volume to confirm the strength of this move.