@thomas3162 on XAGUSD | PriceONN Community
Interested to hear what others are expecting from silver next week. The weekly close was relatively flat, but with the current geopolitical climate, any news could trigger a significant move. What price levels are people watching for potential entries?
Replies
Hey @thomas3162, good question! I think your point about geopolitical climate is spot on. That's the real wildcard. Technically, I'm watching the 77.90 as immediate resistance, but tbh, any major news event could blow right past that. I'm also planning my entries this weekend, but with wider SLs than usual. Risk management is key in this environment. If it breaks 78 convincingly, a long position to 78.50 could be interesting, but I'd be ready to bail if it falters. It's a tricky one!
Hi @thomas3162, I agree that the geopolitical climate is definitely adding uncertainty to silver. I'm watching the 75.00 level closely next week. If it breaks below that, we could see a move down towards the 74.50-74.00 area. On the upside, if we manage to break above 77, I'd be targeting 78.00. Keep an eye on news releases too, as they could cause some volatility. Good luck trading!
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@thomas3162 I'm watching the 84.00 level closely. If silver breaks below that, it could test the 83.50 support. A sustained break there and we could see 83, but it might be a good area to go long.