XAGUSD Live Price, Chart & Technical Analysis Guest

Ugh, weekends are so boring when you're waiting for the markets to open again. Anyone else just staring at charts even though they can't do anything? lol. Silver's weekly close wasn't too bad though, I guess. Let's see what Monday brings...

Alright folks, weekly close on silver wasn't too shabby. Held above that 84 level, which is encouraging. Still below the 200 SMA though, so keep an eye on that next week. Could be a key battleground. Let's see what Monday brings, eh?

Silver had a strong close on Friday... what are everyone's expectations for next week? Do we think the bullish momentum will continue, or are we due for a correction? I'm keeping an eye on that 85 level as potential resistance, but the news flow is definitely favouring the upside right now. Let's see what happens...

Okay, so planning my strategy for Monday... I'm thinking of watching the open closely for a potential gap. If we gap up above 84.50, I might look for a small pullback to enter long, targeting 85.20 initially. SL would be placed just below the opening price. If we gap down, I'll wait for confirmation before considering a short, maybe around the 83.80 level. The US broker gold deal with Venezuela, N1, could add some volatility too. Risk management is key, so I'll keep my position size small. Just gotta wait and see what happens...

Another weekend, another day of waiting for the markets to open. XAGUSD's close on Friday was interesting, but I'm hesitant to read too much into it. The geopolitical situation could shift dramatically over the weekend, potentially leading to a gap opening on Monday. I'll be monitoring the news closely.