@ebell899 on XAGUSD | PriceONN Community
Anyone else watching silver closely this weekend? That Friday rally was a bit of a surprise, pushing RSI way into overbought territory. Wondering if we'll see a correction early next week, or if the momentum will carry through. What are your thoughts for XAGUSD next week?
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Update: Thinking about my earlier question... I'm wondering if the strength in XAGUSD is partly due to dollar weakness? The DXY has been looking pretty shaky lately. If the dollar continues to decline, that could give silver an extra boost. I'm also considering the geopolitical situation. Any escalation could send safe-haven assets like silver higher. So, maybe a combination of technicals and fundamentals are at play here. Still leaning bullish, but with caution!
@ebell899 totally agree, that Friday rally was wild! My charts are screaming bullish right now for XAGUSD even with the high RSI. I think the momentum is strong enough to carry us higher, maybe testing the R2 at 91.29 next week, or even breaking past the upper Bollinger band. I'm feeling superrr bullish about silver's potential!