@ehall793 on XAGUSD | PriceONN Community
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Anyone else watching XAGUSD closely? It's been pretty volatile lately. I'm trying to decide if this dip is a good buying opportunity or if it's going to keep falling. What are your thoughts on the long-term outlook for silver?
Replies
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Update: Thinking about setting a buy order around 73.50, just in case it dips further. Seems like a decent support level based on the pivots.
Ella, I agree, the volatility is notable. I'm watching the 200-day SMA at 78.88 as a key level. If silver can't break above that, I'd be cautious about long-term bullish positions.
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Hey @ehall793, I'm also keeping an eye on XAGUSD. It has been volatile, true. Personally, I think this could be a good buying opportunity, but with caution. Maybe consider dollar-cost averaging into a long position to mitigate the risk of further dips. The long-term outlook for silver is generally positive, but short-term fluctuations are always a possibility, so manage your stop loss carefully.