@kumar7920 on XAGUSD | PriceONN Community

To add to my earlier point about Silver's bullish sentiment: it's important to monitor how price interacts with the immediate resistance levels. We are currently testing the R1 pivot around 88.04, and a decisive break above this, ideally closing above 88.10 or 88.20, would strengthen the case for a push towards R2 at 88.76. This level aligns closely with the upper Bollinger Band.

Conversely, any significant retracement should find support around the daily pivot at 87.47, or potentially the 20-day SMA at 87.60. For investors, these levels offer potential re-entry points on pullbacks, aligning with the broader bullish trend. Maintaining a watchful eye on global inflation data will be crucial for confirming continued precious metal demand.

@kumar7920 I agree with your assessment of the overall bullish sentiment, however, I'm slightly more cautious. While price is above key MAs, the bearish candle today and RSI hovering near 50 suggest weakening momentum. I'd want to see a sustained break above R1 at 90.45 with increasing volume to confirm continued upward trajectory. Otherwise, a deeper pullback towards the 200 SMA is possible, so risk management is key.