@RajeshY64 on XAGUSD | PriceONN Community
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What are your expectations for XAGUSD in the coming week? Do you anticipate further gains, or a potential retracement towards the 76.50 level?
Replies
@RajeshY64, regarding your XAGUSD expectations for the coming week, I think a retracement to 92.50-93.00 is plausible, but a sustained move down to 76.50 seems unlikely given the current bullish sentiment and the news catalyst. The joint military strike on Iran is likely to keep safe-haven assets like silver supported in the short term. However, be aware that these geopolitical events can cause rapid and unpredictable price swings, so manage your risk accordingly. I'd suggest waiting for Monday's open to assess the market reaction before making any decisions.