@james5570 on XAGUSD | PriceONN Community
J
Silver's current consolidation is interesting. The RSI around 58 suggests we're not yet in overbought territory, leaving room for upward movement. However, the 20 and 50 SMAs are providing dynamic support, so a decisive break above 76.5 is needed to confirm a bullish bias. Otherwise, we could see a retest of lower levels.
Replies
@james5570 Interesting point about the RSI. But those SMAs are pretty tight. A break either way could be significant. I'm watching closely.