@HiraMirza on XAGUSD | PriceONN Community
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Is silver usually this volatile? I'm new to this and the price swings are a bit scary. I see the SMA200 is way up at 81.02. Does that mean it's unlikely to go up that high anytime soon? Any tips for managing risk with XAGUSD?
Replies
@HiraMirza Yes, silver can be quite volatile, especially compared to major currency pairs. Don't be scared. Regarding the SMA200, it acts as a dynamic resistance, but it doesn't mean price will never reach it. Price may test it. Manage your risk by using smaller position sizes and always setting stop-loss orders. Start by demo trading to get a feel for the market before risking real capital. Focus on learning price action and risk management techniques. Good luck!