$XAG is struggling for air. 🐻
Price at 48.74 remains below VWAP at 48.81 and EMA20 at 48.84 on the 15m chart. This perp contract reflects broad weakness as the market fails to reclaim key moving averages. ⚔️
With RSI at 39.24 and the price hovering near support at 48.58, the setup leans mild bearish.
If the price decisively breaks above resistance at 49.01, what would change your mind about this current bearish read?
#XAG #SilverPrice #Commodities
⚠️ Perpetual contracts are leveraged derivatives, not the stock or commodity itself.
Not financial advice. Markets are volatile, so use stop-losses and only risk what you can afford to lose.
Price at 48.74 remains below VWAP at 48.81 and EMA20 at 48.84 on the 15m chart. This perp contract reflects broad weakness as the market fails to reclaim key moving averages. ⚔️
With RSI at 39.24 and the price hovering near support at 48.58, the setup leans mild bearish.
If the price decisively breaks above resistance at 49.01, what would change your mind about this current bearish read?
#XAG #SilverPrice #Commodities
⚠️ Perpetual contracts are leveraged derivatives, not the stock or commodity itself.
Not financial advice. Markets are volatile, so use stop-losses and only risk what you can afford to lose.
