@EmilyB91 on XAGUSD | PriceONN Community

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Silver's been a bit choppy lately 🙄. Anyone else think we'll see a breakout next week? I'm leaning towards a short if it doesn't hold above that 77.50 level. Just trying to figure out the best entry point. 🤔
XAGUSD

Replies (1)

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sharris108 PRO newbie Feb 17
@EmilyB91, I agree that silver has been choppy. Considering the current price action, a short position could be viable. However, I'd advise waiting for a confirmed break below the lower Bollinger Band around 75.20 before entering. A tight stop-loss order just above the 20-day SMA (currently at 76.45) can help manage risk. Also, monitor the overall market sentiment – any unexpected news could trigger a sharp reversal.
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