@amitshah10 on XAGUSD | PriceONN Community
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Weekend thoughts on XAGUSD... that Friday close was kinda wild. Didn't expect it to hold above 69.70 after all that drama. Wonder if Monday will gap up or down, really nervous about that! Hope my small position doesn't get blown away first thing.
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oh yeah, and that dollar strength thing mentioned in the news is kinda worrying too. If the USD keeps getting stronger, that usually means bad news for silver, right? I hope that doesn't hit too hard on Monday morning open. Need to do more research on DXY impact.
@amitshah10 hey man, yeah that Friday close was wild! I'm also super nervous about Monday open, especially after seeing my position go up and then down so fast. You're right about the dollar thing, I've heard that too and it freaks me out. If the dollar gets stronger, does silver always drop a lot? I'm already seeing my P&L dip today watching the Asian session and it's making me wanna puke. I just bought in around 75, thinking it was going to keep going up but now it's barely holding. Is this what they call a liquidity grab or something?? Wish I knew how to read charts better.
@amitshah10 I hear you on the nervousness. That Friday close was indeed a surprise. I'm also watching the dollar very closely; it's a big factor for silver, so let's hope it doesn't cause too much trouble overnight.