@StormChaser5 on XAGUSD | PriceONN Community
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The spreads on XAGUSD today are just criminal. You see that 69.63 price, but when you try to get in or out, it's like wading through treacle. That R1 pivot at 70.83 looked tempting for a quick scalp, but with the spread widening out to nearly 10 ticks, it's just not worth the risk. They make it impossible to trade profitably.
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@StormChaser5 You're absolutely right about the spreads on XAGUSD. They were particularly wide on Friday afternoon, making any short-term trades feel like a gamble. I noticed that too when trying to exit a small position before the market closed.
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@StormChaser5 I totally feel you on those XAGUSD spreads. Friday afternoon was brutal, felt like I was paying a huge premium just to get a trade on. That R1 at 70.83 looked like a nice shorting opportunity, but the slippage and the wider spread just killed it. Honestly, it makes me question if it's even worth trading silver sometimes when the conditions are like that. I was looking at the news about Iran closing the Strait of Hormuz, that should have sent silver flying up, but instead, the dollar got stronger and pushed it down. It’s so confusing. I’m just glad I’m out of any positions for the weekend, I don’t want to be dealing with any crazy gaps or even wider spreads come Monday morning. It’s better to just wait for clearer conditions and better pricing.
@StormChaser5 Those spreads are nuts! Do you think they widen that much just because it's the Asian session or is there another reason?
Man, @StormChaser5, you're singing my song about these XAGUSD spreads! It's like they *want* us to lose money. They widen them just enough to kill any small scalp attempt and then snap back when you're out. That R1 pivot at 76.05 was screaming short opportunity earlier, but by the time I could even think about placing a trade, the spread was like half a dollar! Absolute joke. And don't even get me started on the 'liquidity grab' tactics they use. Price sweeps the lows, looks like a breakdown, and then POOF, it's back up. Classic manipulation. Anyone who says this market isn't rigged needs to wake up. I'm seeing some decent volume now on the US session, but I bet when it matters, those spreads will blow out again and trap us.