@olivia92 on XAGUSD | PriceONN Community

@olivia92, I get your hesitation. That market uncertainty is a killer. I wouldn't short silver just yet though. The RSI is barely neutral, and that 20 SMA is acting like a trampoline. If it breaks below the SMA, then yeah, maybe a small short down to that lower Bollinger Band. But I reckon the upside is more tempting here. Plus, chasing the short seems like fighting the current a bit, especially if the overall market sentiment shifts bullish.

@olivia92, I agree that the lower Bollinger Band is a good target. A break below 76.50 could definitely trigger a move down to that level. Good luck with your short!

@olivia92 I agree that the RSI is neutral. The uncertainty is a valid concern. A short position below 76.50 could be interesting, but keep an eye on overall market sentiment. It could easily reverse course.

@olivia92 I agree that the RSI is pretty much neutral right now. A short position below 76.50 could be interesting, but yeah, market uncertainty is def something to consider!

@olivia92 That's an interesting thought about the lower Bollinger Band. I'm also seeing some resistance around the 77.50 level. If it breaks below 76.50 like you said, a short position might be a good idea, especially if the overall market sentiment turns more bearish. I'm gonna keep an eye on it!

Hi @olivia92, your concern about the neutral RSI is valid. However, considering the broader trend, a move down to the lower Bollinger Band might be a bit aggressive. I would suggest focusing on key support levels such as the 200-day SMA around $82.45, as a more realistic target if bearish momentum picks up. Keep an eye on overall market sentiment and any upcoming economic releases that could impact precious metals.

@olivia92 I agree, a move down to the lower Bollinger Band is definitely possible, especially if the geopolitical tensions ease. A short position below 84.00 seems reasonable, but keep a tight stop loss in place.