@nycBrandon on XAGUSD | PriceONN Community
Man, XAGUSD is all over the place today. Saw that dip to like 67.80 earlier, thought it might be a liquidity grab but it just keeps grinding lower. RSI is flatlining and the 50 SMA is looking like a solid resistance now. This sideways chop is brutal, feels like we're just waiting for the next catalyst.
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Oh and that news about the dollar weakening on de-escalation... I completely missed that connection at first but it makes sense. If DXY is dropping, that usually gives commodities like silver a boost. Still, the technicals on XAGUSD aren't screaming bullish yet, so it's a bit of a tug-of-war right now.