Silver's been choppy lately. Anyone else trading XAGUSD having trouble finding a clear direction? I'm seeing mixed signals from the indicators. RSI is neutral, but the SMA200 is definitely acting as resistance. What are your thoughts on the long-term trend?
@MidnightRun19 I can certainly relate to the choppiness you mentioned; XAGUSD does have a knack for keeping us on our toes. However currently I'm seeing a much clearer bullish signal. The RSI is quite strong at 64.7, indicating good buying pressure, and the price is comfortably above the SMA200 which should be acting as solid support rather than resistance at these levels. Perhaps your indicators need a little recalibration or maybe silver just decided to surprise us all with an impromptu rally!
