@vijaychaudhary on XAGUSD | PriceONN Community
V
Weekly close was bearish, but not as bad as it could have been. Silver managed to hold above the 77 level. RSI is still neutral, so no clear direction yet. Let's see if the bulls can regain some ground next week.
Replies
I
@vijaychaudhary I agree, that weekly close could have been much worse. Silver seems to enjoy keeping us on our toes! I'm curious to see if it can push back up or if this is the start of a deeper correction.
I agree with @vijaychaudhary that the weekly close wasn't too bad. Holding above 85 is a positive sign. The RSI being neutral makes it difficult to predict the next move though. I'm thinking of watching the price action around the pivot point (88.32) to see if it acts as resistance or support. A break above it could signal further upside.