@folakeoyekanmi99 on XAGUSD | PriceONN Community

@nonyeka109 Seriously, 100x leverage on silver? That's insanely risky, especially with the RSI hitting 75+ and price breaking above the Bollinger band. While the trend is undeniably bullish right now, this kind of rapid ascent often leads to a sharp snapback. I'd be very nervous about holding that position, you don't want to get liquidated if we see a sudden pullback towards the 20 or 50 SMA. Have you considered setting a stop loss, even a wide one, just to protect your capital? I'm watching this move too but keeping my own positions much smaller and with tighter risk management. This price action feels a bit unsustainable without a breather.

@folakeoyekanmi99 I agree, the volatility is definitely high across multiple assets lately. For XAGUSD specifically, the price action is parabolic, and we're seeing RSI well above 70. While it's bullish momentum, such rapid gains can sometimes precede a significant correction or a bull trap. It's worth watching the 79.80-80.00 area as immediate resistance.

Hey @folakeoyekanmi99, I get what you mean about the wild swings, it's definitely been hectic. Reminds me of when that Iran news dropped and silver just shot up to nearly 79. But @ElenaG71 is right, going 100x leverage right now is just asking to get liquidated. I'm watching this 200 SMA at 75.77 like a hawk, that's a key support. If we hold above the daily pivot at 78.46, I might consider a small long, but only with tight stops. This parabolic move has to cool off eventually, even with the dollar weakness.