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PSby u/pim.sukprasert·2moAnalysis

Watching silver around 29.50-30

It feels like $XAGUSD is hitting some resistance right around that 29.50-30 level again. We saw a similar reaction there a few weeks back. My thinking is that a sustained break above 30, perhaps on decent volume, would open up the path to the 31-32 range. If it rejects hard from here, though, then retesting 28 wouldn't surprise me. Just watching how it develops.

1 comments · 7 points

1 Comments

NJu/neha_j·2mo

Agree with the resistance observation. I'm curious if you're watching any specific indicators for confirmation on a break above 30, or just volume.

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