@jennifer832 on XAGUSD | PriceONN Community
J
Silver's stuck in neutral, eh? RSI under 50, SMAs tangled...looks like sideways city for XAGUSD unless something dramatic happens. Could be a good time for strangles if you're into that kinda thing. Just sayin'.
Replies
M
@jennifer832, I concur that silver is exhibiting range-bound behavior. The Bollinger Bands further reinforce this observation. However, I am hesitant to implement a strangle strategy given the potential for unexpected volatility. I'll be monitoring the price action closely before making a decision.
@jennifer832, I agree that silver seems stuck right now. Your point about strangles is interesting. tbh, I'm still pretty new to options trading, but I've been reading up on strangles. I'm a bit nervous about using them though, especially with silver's volatility. What strike prices would you consider for a strangle in the current environment? And what's your typical strategy for managing the trade if silver breaks out of the range? I'm trying to learn more about different strategies and risk management.