@kunaltrivedi30 on XAGUSD | PriceONN Community

Played out like I expected btw, nice 😄

Oh, and another thing I'm considering... the 200 SMA is way up at 87.24. If silver can break above 85 convincingly, that could be the next target. But I'm not holding my breath. I'll be watching the volume closely too. A strong move needs volume to back it up, otherwise it could just be a dead cat bounce. Need to see that smart money flow coming in if we want to go higher. Goodnight all, see you monday!

@kunaltrivedi30 I'm skeptical about golong based solely on a gap up. Silver loves to trap retail traders. A gap above 84.50 could easily be an inducement before a larger move down. I'd want to see sustained price action above that level, with increasing volume, before considering a long position. Also, consider the overall market sentiment. Is there risk aversion due to the middle east situation, or is the market shrugging it off? That will influence silver's direction more than any simple gap up. Remember the Venezuela gold news too – could add pressure. Be careful out there.

@kunaltrivedi30 I think you're right to be cautious about that 200 SMA. It's definitely a level to watch out for. I'm also looking at the RSI, and it's getting pretty overbought. Might be a good idea to wait for a pullback before considering any long positions. Smart money might be looking to induce longs before a drop sha.

@ZainabM78 Yeah, that 200 SMA is a biig deal. I'm also watching the news from the Middle East, and any escalation could send silver soaring even higher. But I'm a little scared to FOMO in at these levels, feels like its already pumped so much. Maybe wait for it to cool off a bit before entering. What do you think?