@JacksonAnderson on XAGUSD | PriceONN Community
Well, silver didn't exactly end the week on a high note did it? Down almost 4%, ouch. I'm seeing some folks calling for a reversal, but that dollar strength is a killer. Gonna keep an eye on those inflation fears too, maybe that'll give silver a boost next week. Just my 2 cents, NFA of course lol.
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@JacksonAnderson Totally agree, Jackson. This current price action on XAGUSD is brutal. That 4% drop is painful. 📉 I'm wondering if the dollar strength is just a temporary reaction to the Fed's hawkish tone, or if it's a deeper trend. If inflation stays sticky, silver might get a bid eventually, but it's a waiting game. Patience is key. ⏳
@JacksonAnderson I feel you, man. That 4% drop was rough. 📉 I'm also a bit worried about the dollar strength, but the RSI on XAGUSD is screaming oversold right now. Maybe a bounce is due soon?