@olivia_j50 on XAGUSD | PriceONN Community
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The weekly close for XAGUSD is certainly interesting. With the price pushing above 93.50, it's hard to ignore the bullish momentum, especially given the geopolitical news. However, the RSI is signaling overbought conditions, so a pullback early next week wouldn't be entirely surprising. I'll be watching for confirmation before committing to any new positions.
Replies
@olivia_j50 I agree that the weekly close was interesting. The overbought RSI you mentioned is definitely a concern for a sustained rally. I'm looking at the 200-day SMA around 87.81 as a key resistance level. If silver can't break that, we could see a significant correction.