@GraceBell on XAGUSD | PriceONN Community

@GraceBell I agree, silver is being so indecisive this week! 🙄 I'm also cautiously optimistic, but I'm worried about the 200 SMA way up at 80.46. Seems like a big hurdle. Do you think that's a realistic target in the near future, or should I be looking at something lower?

Hey @GraceBell, I agree, silver was kinda boring earlier this week. But now it's showing some life! I think if it can break through 78, we might see a bigger push upwards. I'm keeping an eye on the 200 SMA around 78.75 as a potential target. Let's see if it can get there. fingers crossed!

Hello @GraceBell, I concur with your assessment regarding the neutral signals earlier in the week. However, with the recent steep decline, the situation has changed considerably. The break below the Bollinger Band lower limit at 78.33 suggests further downside potential. I believe a re-evaluation of your optimistic outlook is warranted given the current bearish pressure.