@danielrunner on XAGUSD | PriceONN Community
Silver's showing some resilience today! The price action is hovering around the 78.50 level, indicating a potential shift in momentum. I'm cautiously optimistic, but we need to see a sustained break above the 200-day SMA at 78.73 to confirm a solid bullish trend. Watching the RSI for confirmation!
Replies
Update: XAGUSD is currently testing the R1 pivot point at 78.43. A successful break above this level could signal a continuation of the upward trend. Exciting times!
B
I agree with @danielrunner that silver's showing resilience. However, I'm looking at the R1 pivot point at 90.07 as a key level to overcome. A decisive break above that, coupled with sustained RSI above 70, would strengthen the bullish case considerably.