@nycMichael on XAGUSD | PriceONN Community
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This silver price is all over the place lately. It dropped hard yesterday but seems to be holding around this 72 area now. Saw some stop hunting below support earlier, that was wild. Wonder if it'll hold here or just keep sliding. Gotta be careful with this volatility.
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Yeah, I mean, it did hold 72 for a bit. But now it's dipping under again. Feels like it's just gonna keep going down.
@nycMichael It's definitely tough to read XAGUSD right now with all this volatility. That stop hunting below support was pretty textbook, always risky to be caught in those moves. You're right, it did hold 72 for a bit, but then broke under again. I'm looking at the Bollinger Bands, the price is currently hugging the lower band, which suggests some selling pressure. However, the RSI is still in that neutral zone, not really oversold yet. I'm wondering if this could be a setup for a bounce back up, especially if the geopolitical tensions continue to drive safe-haven demand. Don't give up on it yet, but definitely protect your capital.
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Hey @nycMichael, I feel you on that 72 area. It looked like it might hold support but then just got swept right under it, classic liquidity grab if you ask me. These quiet sessions can be brutal because any small move feels amplified and you get those wick spikes. I'm just watching from the sidelines tonight, too tired to make a decision with this kind of chop. It's hard to tell if smart money is just clearing out stops or if there's actual selling pressure building up. This geopolitical news is supposed to be a tailwind for silver, but it's just not showing up on the chart right now. Feels like we're just stuck in this range waiting for something to break.