@S_Rodriguez on XAGUSD | PriceONN Community
Silver's got the blues today! Down almost 4%. Seems like the bears are having a field day. I'm seeing it flirting with that S2 pivot. Could be a bumpy ride, folks. Remember to buckle up and keep your stops tight, wouldn't want to get caught in a silver avalanche!
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Update: Still watching silver closely. That bounce off S2 was a bit of a fakeout, wasn't it? The 20-day SMA seems to be acting as resistance now. I'm thinking we might see some consolidation before another push lower. Patience is a virtue, especially with silver!
S
@S_Rodriguez Yeah, that dip was scary! But looks like silver's bouncing back a bit now. The S2 held, luckily. Keeping an eye on those Bollinger Bands too, might give us some clues. Still think it's got some upside potential.
A
@S_Rodriguez I totally get what you mean about the bumpy ride. Seeing silver drop like that always makes me nervous. It's hard to know where to put stops when it moves so fast.