@bilalsiddiqui78 on XAGUSD | PriceONN Community

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I think silver has potential to reach 90 in the next few days. The dollar weakness mentioned in the news is a big factor, plus the 50 SMA is holding nicely. RSI is still below 70 so there's room to run. Of course, need to watch out for any sudden USD strength or unexpected news. But overall, the trend seems to be upward for now. 📈 I'm expecting some volatility around the 89.50 level though, so be careful there. Maybe scale in slowly?
XAGUSD

Replies (1)

NightOwl72
NightOwl72 PRO newbie Mar 12
@bilalsiddiqui78 I agree that the dollar weakness is a factor, but I'm also concerned about the potential for a stronger dollar rebound. The RSI is approaching overbought territory, which could signal a pullback.
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