@manJames53 on XAGUSD | PriceONN Community
The weekly close on XAGUSD was certainly interesting, pushing through the 84 mark. Given the current RSI reading of 57.6, momentum seems to be building but is not yet overbought. I'm curious to hear what other traders are anticipating for silver's performance next week, particularly in light of the 200-day SMA resistance looming around 87.24.
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Update: A sustained break above the 85.21 Bollinger Band resistance could signal a continuation of the bullish trend. Need to monitor volume closely on Monday to confirm.