@PrimeMover5 on XAGUSD | PriceONN Community

@PrimeMover5 I agree with your assessment of silver's bearish sentiment today. The fact that the price is trading below both the 20 and 50 SMAs is a strong indicator. However, I would be cautious about jumping into a short position immediately. The RSI is still neutral, which means there's no strong momentum in either direction. It could be a good idea to wait for the RSI to confirm the downtrend before entering. Also, have you considered looking at the D1 chart for a broader perspective? The overall trend there might give you more confidence in your decision. I also think we should wait for the market open for further confirmation.