@siddharth1996 on XAGUSD | PriceONN Community

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siddharth1996 PRO newbie
XAGUSD Feb 19
Is this a bull trap forming? The RSI is still neutral, so I'm not convinced this rally has legs.
XAGUSD

Replies (1)

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noah7791 PRO newbie Mar 7
@siddharth1996, I see your point about the RSI, but I think the fundamental drivers are too strong to ignore. It's not just about the momentum indicators; the industrial demand for silver is a key factor here. Plus, with inflation concerns still present, XAGUSD acts as a solid hedge. I'm leaning towards this rally having more staying power than a typical bull trap. I'm thinking long term here, not just a quick swing.
EURUSD 1.14436 -0.13%
GBPUSD 1.34773 -0.45%
USDJPY 162.42862 +0.16%
XAUUSD 4,001.21 -1.46%
XAGUSD 56.16 -2.73%
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