@fatima1990 on XAGUSD | PriceONN Community
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The recent surge in silver is definitely eye-catching, but I'm a bit cautious about the volume. While price action is bullish, the volume hasn't been consistently confirming the move. We need to see increasing volume on each push higher to really validate this rally. Otherwise, it could just be a bull trap before a significant correction. The recent news about dollar weakness is a factor but volume needs to catch up. If volume starts to wane while price continues to climb, I'll be looking for shorting opportunities around the R1 pivot at 89.47. A divergence between price and volume on the H1 or H4 timeframe would be a strong sell signal. Keeping a close eye!