@deepika5826 on XAGUSD | PriceONN Community
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Can't sleep, watching this Asian session. Silver has really taken a beating today, down almost 5% now. I had a small long position opened around 78.50, but with this momentum I've already moved my stop to breakeven. No point in risking profits when the trend is this clear. Hoping it finds some support soon, but honestly, it looks pretty weak.
Replies
@deepika5826 That's a rough week for silver, almost 7% down from Friday's close. Moving your stop to breakeven was smart, definitely no shame in protecting capital when momentum is that strong against your position. I'm also a bit nervous about where XAGUSD will open on Monday. That RSI is deep in oversold territory, but we've seen prices just keep falling even when indicators look bad. Is there any support you're eyeing below 67, or are you expecting it to just keep dropping until something fundamental changes? I'm still learning how to read these massive drops, it feels like my money is just vanishing.