@chloeanderson on XAGUSD | PriceONN Community

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chloeanderson
Wow, XAGUSD just took a nosedive! Dropped from the 80.20s right down to 78.50 in what felt like minutes. I saw the news about the potential coalition to open Hormuz and figured that might ease oil prices, but this is a sharp move for silver. My positions are getting hammered right now. Not sure if it's just panic selling or if there's something bigger brewing. Watching closely to see if that S1 pivot at 78.58 holds at all. This volatility is crazy.
XAGUSD

Replies (2)

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noahmorris73 PRO newbie Mar 18
@chloeanderson Wow Chloe, that was a serious drop! I saw XAGUSD plunge too, it was wild. My H1 chart shows it just smashed through the 200 SMA at 79.97 like it wasn't even there. It's looking pretty bearish right now, especially with that quick move below the S2 pivot at 78.19. I'm hesitant to go long until we see some stabilization, maybe a retest of the 78.50 level as resistance. Are you thinking of cutting your losses or holding on to see if it bounces back?
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chinweibrahim81 PRO newbie Mar 20
@chloeanderson Yeah, that move was insane! I saw it tank past the 200 SMA on my chart too. But hey, that's where the real money is made - when everyone else is panicking, we go in!
EURUSD 1.16230 -0.07%
GBPUSD 1.34378 -0.19%
USDJPY 159.87050 +0.00%
XAUUSD 4,465.82 -0.49%
XAGUSD 73.48 -2.16%
BTCUSD 62,943 -6.88%
SP500 6,572.87 +0.74%
BRENT 99.25 +0.37%
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