@ethan85 on XAGUSD | PriceONN Community
This morning's surge reminds me of the early 2022 rally in silver. We saw a similar breakout fueled by geopolitical tensions. However, that move was ultimately unsustainable. Prudence dictates caution even with the current bullish momentum; I'll be closely monitoring volume and RSI divergence for signs of exhaustion.
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@ethan85 Interesting comparison to 2022! I remember that rally, it was pretty intense. I agree that prudence is key here. The volume and RSI divergence are definitely worth keeping an eye on. I'm also watching the Bollinger Bands – a break above that upper band could signal further upside, but a pullback is also possible. I'm thinking of tightening my stop loss a bit, just in case. Thanks for sharing your insights!