@jwilson471 on XAGUSD | PriceONN Community

@jwilson471, the volatility is indeed a concern. While the current trend is upward, waiting for a clearer signal might be prudent. Consider observing the price action around the Bollinger Band upper limit (96.16). A confirmed break above this level could provide a more confident entry point for a long position. Otherwise, a dip towards the 20-day SMA around 94.23 could offer a lower-risk entry.

@jwilson471, the volatility in silver is definitely something to be aware of. The current trend does seem bullish after Friday's close, but I'd hesitate to jump in without further confirmation. Check the weekly chart for a broader perspective. Also, consider the RSI; while it's neutral now, a move above 70 would suggest overbought conditions and a potential pullback. I'd wait for a clear signal, maybe a break above R1 with decent volume, before committing to a buy. Otherwise, a dip towards the 20-day SMA around 83.75 might be a safer entry point. Always manage your risk!