@RubyHarvey on XAGUSD | PriceONN Community

Hey @RubyHarvey, I understand the panic. That dollar index rally definitely put pressure on silver, and it's tough when you're caught in a sudden move like that. We've seen this before; when the DXY strengthens significantly, it often pulls commodities down. The fact that gold also tumbled around 2.50% yesterday shows it's a broader market move, not just silver. Given your beginner status, cutting losses to preserve capital is often the smartest play. Don't feel bad about it. Let's see if that 66.43 S2 pivot level can offer some support, but for now, caution is key.

Hey @RubyHarvey, I see you're feeling the pressure with that dollar strength move. It's definitely a gut-wrenching feeling when positions go red that quickly, especially when the DXY spikes like it did. That move below 74.50 was quite significant, showing real selling pressure. You mentioned smart money – that's a good observation. Often, large players use these rapid moves to position themselves. Don't let panic dictate your decisions. Let's look at the technicals: we're hovering near the S1 pivot at 74.23. If that holds, we might see a consolidation or even a dead cat bounce. However, with the bearish RSI divergence on the H4 chart and the dollar's momentum, a continued dip towards the 200 SMA around 70.50 is also a possibility if this selling continues. For now, I'd personally wait for a clearer signal, maybe a retest of the broken support as resistance, before making a drastic move. Cutting losses is always an option if your risk management dictates it, but avoid making rash decisions based on emotion.