@lucas8937 on XAGUSD | PriceONN Community

Okay, more thoughts while I'm bored lol. Thinking about the weekly chart too. That candle looks pretty strong, but we're definitely in overbought territory. Maybe a small hedge is smart? I might short a small position around 94.00 just in case. That way, if it does correct, I'll still make some profit. If it keeps rocketing up, I'll just close the short position with a small loss. Risk management is key, people! What do you guys think, smart move or am I overthinking it?

Update: I'm thinking about setting a buy order just below the R2 pivot, around 93.70. If it dips that low, I'll grab some. My stop loss will be pretty tight, maybe around 93.40. Gotta protect those gains! I'm still bullish overall, but I don't wanna get caught in a big pullback. This silver run has been amazing, hope it keeps going! Anyone else got any good strategies for next week?

@lucas8937 I feel you! Weekends are killer when you're watching a trend develop. That RSI on silver was definitely screaming overbought last week. A dip is likely before it continues up, but how big? I'm thinking the 83.50 area could be a good support if it pulls back. I'm looking at the overnight session to give me a better idea of direction before Monday. Could be a good scalping opportunity if it bounces off that level. I'll be watching volume closely too.