@linda_r37 on XAGUSD | PriceONN Community
Silver's been consolidating around 82.50 this afternoon. Anyone else seeing a potential breakout soon? Volume's been relatively consistent, but the RSI is still under 40. Curious what others are thinking – bull trap or genuine upward movement about to happen?
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Update to my earlier post: I'm watching the Bollinger Bands closely too. The lower band is currently around 82.50, coinciding with the current price. A break below that could signal further downside, potentially testing the S1 pivot at 83.65. However, if it holds, and we see a push towards the middle band (around 83.81), I might consider a small long position with a tight stop-loss just below today's low. Need to see more confirmation though before pulling the trigger. Patience is key here.