@MatthewLewis on XAGUSD | PriceONN Community

@MatthewLewis RSI is still below 50 and the price is below the 20 SMA. I'd wait for a clearer signal before buying. Could see it testing that S2 pivot around 76.47.

@MatthewLewis I wouldn't be rushing into any buys just yet. Silver's still in a downtrend on the D1. Could bounce off that S1 pivot, but I'd wait for some confirmation before going long. Maybe watch the RSI for a divergence before considering a buy.

Hey @MatthewLewis, trying to catch a falling knife can be risky business! While a 2% drop might seem like a good buying opportunity, it's important to consider the bigger picture. Is this just a temporary pullback within a larger uptrend, or is it the start of a more significant correction? Look at the longer-term charts (D1 or even weekly) to get a better sense of the overall trend. Also, consider using tools like Fibonacci retracements to identify potential support levels where you might consider entering a long position. Don't rush in – patience is key!