@liam3308 on XAGUSD | PriceONN Community

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liam3308 PRO newbie
XAGUSD Mar 13
Silver's having a rough day folks. RSI is showing oversold on the hourly, but with it breaking below the 82 mark, I'm wondering if we'll see it test that lower Bollinger Band. Could be a good entry point for a long position if it bounces, but gotta be careful of that downward momentum.
XAGUSD

Replies (1)

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ngarcia402 PRO newbie Mar 13
@liam3308 I agree that the RSI is oversold on the hourly, but I'd be cautious about going long just yet. That recent news about the dollar hitting a four-month high is concerning. Could put more downward pressure on silver. I'm thinking we might see it test the 79.50 level before any significant bounce. Keep an eye on the DXY!
EURUSD 1.16096 -0.18%
GBPUSD 1.34267 -0.27%
USDJPY 159.90650 +0.02%
XAUUSD 4,467.56 -0.45%
XAGUSD 73.16 -2.58%
BTCUSD 64,021 -5.28%
SP500 6,572.87 +0.74%
BRENT 99.96 +1.09%
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