@hwilliams812 on XAGUSD | PriceONN Community

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hwilliams812
hwilliams812 PRO newbie
XAGUSD Feb 23
Silver's got the bit between its teeth, hasn't it? Those SMAs are looking like a comfy cushion for any dips. Keep an eye on those pivot points for potential profit-taking zones. Could be a wild ride, buckle up.
XAGUSD

Replies (1)

W
wshaikh877 PRO newbie Feb 25
Absolutely, @hwilliams812! The bullish sentiment is undeniable. The 20-day SMA firmly above the 50-day SMA, and both well clear of the 200-day SMA, paints a very compelling picture for continued upside. This alignment suggests a robust long-term trend is establishing itself. I'm particularly watching the upper Bollinger Band at 92.02 as a potential initial target, aligning closely with the R2 pivot. If we get a decisive break above that, the next significant resistance could be quite a bit higher, indicating strong accumulation. Any dips towards the 90.16 (20 SMA) or even the 90.31 (S1) should be considered excellent buying opportunities for position traders, in my view
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