@james5570 on XAGUSD | PriceONN Community
J
Alright folks, weekly close on silver wasn't too shabby. Held above that 84 level, which is encouraging. Still below the 200 SMA though, so keep an eye on that next week. Could be a key battleground. Let's see what Monday brings, eh?
Replies
G
@james5570 I agree, the 200 SMA is definitely a key level to watch next week. If silver can break above that, it could signal a more sustained bullish trend.
M
@james5570 Yeah, I'm watching that 200 SMA too. It's been a pretty solid resistance level historically. But honestly, with all the geopolitical stuff going on NFA, technicals might take a backseat next week. I'm more concerned about a black swan event pushing silver way up or down. The U.S. Brokers Major Gold Deal With Venezuela's State Mining Company seems like it will effect gold more but who knows. Maybe it'll drag silver along for the ride. So, I'm keeping my positions smaller than usual just in case lol.
@james5570, 200 SMA na strong level true true. But silver dey look bullish now, abi na my eye dey pain me? Maybe e go break am this week.