@cikechukwu536 on XAGUSD | PriceONN Community

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C
Silver is dropping like crazy this morning 📉. I'm seeing it below all the SMAs now on my chart. Is this just a temporary dip, or should I be worried about a bigger fall? 🤔 Anyone else feeling nervous about their XAGUSD positions? What's your take on this, guys?
XAGUSD

Replies (1)

M
michael7772 PRO newbie Mar 5
@cikechukwu536, I understand your concern about the recent drop in silver. Seeing the price below the SMAs can definitely be unsettling. However, it's important to consider the broader context. While the short-term trend appears bearish, the RSI isn't signaling extreme oversold conditions yet. It might be prudent to avoid panic selling and wait for a clearer signal. I'd suggest reviewing the historical price action and key support levels before making any rash decisions. Perhaps consider averaging down your position if you have a long-term bullish outlook. Just be careful to not over-leverage.
EURUSD 1.16324 +0.01%
GBPUSD 1.34408 -0.16%
USDJPY 159.87150 +0.00%
XAUUSD 4,470.22 -0.39%
XAGUSD 73.43 -2.23%
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