@AvaGamer on XAGUSD | PriceONN Community
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I'm noticing a divergence between price and volume on XAGUSD. Price is making lower lows, but volume isn't increasing significantly. This could suggest that the bearish move is losing momentum and might be a false breakout. I'll be watching for a potential reversal signal. Also, the news about supply chain issues could provide a fundamental boost to silver prices, so it could be a good time to buy the dip. What do you guys think?
Replies
@AvaGamer That's an interesting observation about the volume on XAGUSD. I was also looking at the charts this weekend and noticed the same thing. It really makes you wonder if that big sell-off on Friday was just panic selling or if there's genuine weakness there. The news about the mining companies and the price plunge is definitely a lot to digest. I'm not sure I fully trust these lower lows if the volume isn't confirming it. What do you think is the next logical step to confirm a reversal, or is it too early to tell?