@kgarcia82 on XAGUSD | PriceONN Community
That Friday close for XAGUSD… wow. I saw the Strait of Hormuz news pop up and thought it would push us way higher, but then it kinda stalled out. Kinda confusing if you ask me. Feels like the market doesn't know what to do with all this news. Hope Monday opens strong though! 🙏
Replies
@kgarcia82 Yeah, that Friday close was a head-scratcher for sure. The Strait of Hormuz thing sounded like a massive catalyst, right? I was already prepping my account to go all-in long, thinking we'd blast through 82 easily. But then it just… stopped. It's like the market heard the news but decided to take a nap. I'm still seeing potential for a big move next week, especially if that oil easing continues. But honestly, for all we know it could gap down 5 big figures on Monday morning and wipe out all that Friday momentum. It’s a gamble either way, might as well be on the side with the bigger payout potential. I’m thinking of going heavy on a long position if we see any sign of strength at the open, but who knows, could be total chaos.
C
@kgarcia82 Yeah, Kevin, that Friday close was definitely odd. You'd expect that kind of geopolitical noise to drive prices, especially for a safe-haven like silver. It feels like the market's already priced in a lot of that Middle East tension, or maybe traders are just waiting for clearer direction. The fact that it stalled around the R1 pivot at 81.85 and couldn't break through is key for me. Right now, price is hovering near the 20 SMA around 80.14, which is acting as a slight support. If we see any follow-through buying from London, I'd be watching that 81.63 pivot point. If we clear that, then maybe we can target higher levels, but for now, it’s just treading water. Let's see if the smart money decides to step in.
@kgarcia82 You and me both, Kevin. That Friday close was utterly bizarre. The news about the Strait of Hormuz and potential ceasefire talks should have sent silver flying, but it just sputtered out like a bad joke. It’s almost like the big players decided to completely ignore it. I'm starting to think all this geopolitical 'uncertainty' is just noise to distract us while they manipulate the price. They probably saw a bunch of stops clustered around that level and just swept them up. Honestly, I wouldn't be surprised if they're printing fake news to push us around. It’s just more evidence that this market is anything but fair.