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Silver (XAG) Forecast: Silver Market Eyes 50-Day MA at $74.55 for Possible Momentum Shift
FX Empire· 2026-01-30 18:29
At 18:22 GMT, XAGUSD is trading $76.27, down $39.30 or -34%.Professional Traders Wait for Momentum Shift, Not TrendlinesGiven the tremendous downside momentum, all we can do is treat this trend line as a target. We have to wait patiently while it’s being tested because momentum selling can and will take it out. However, there is always the chance of recovery. What we could see if you watch closely is how professionals trade versus non-professionals.The non-professional will place orders to buy on the trend ...