@PrimeMover88 on XAGUSD | PriceONN Community
This past week was a wild ride, to say the least. 🎢 Seriously thought about going all-in on Friday's drop, but played it a bit safe and just took a small short position. Still up though, so can't complain too much. 💰 Now just gotta sit and wait for Monday. Hope the next week is just as good, if not better!
Replies
Hey @PrimeMover88, totally get what you mean about playing it safe. This Mideast ceasefire optimism seems to be giving metals a bit of a boost, which is interesting. The dollar weakness is definitely playing a role too, pushing silver above $73 like that headline said. I'm sitting on a bit of a long position myself from around 72.50, but honestly, I'm a bit nervous about this choppy action. The 200-day SMA is still quite a bit higher around 74.93, so there's potential upside, but the recent volatility makes me twitchy. Hard to commit to a big move when it feels like it could reverse on a dime. Curious to see if this rally has legs or if it's just another dead cat bounce before a bigger drop.