@samanthalee on XAGUSD | PriceONN Community
Ugh, this silver drop this week was brutal. Seeing it close near 68… seriously worried about Monday. What if it gaps down hard again? These big swings always feel like they're just hunting stops before the real move happens. Hope my broker doesn't widen spreads too much on the open. NFA, just thinking.
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And let’s not even talk about the spreads on these drops. Absolute robbery.
Honestly, this whole commodity slump feels orchestrated. You see silver tanking over 6% in a day, mining stocks just decimated. Then the news spins it like it's just 'market volatility' or 'ESG demands'. They say we're in bear territory, but it feels more like a straight-up wipeout designed to shake everyone out. I had a small short on from around 71.50 based on that FVG from last week, but Friday's close was just… suspicious. It’s like they waited for the perfect moment to slam it. Now I’m just sitting here wondering if Monday’s open is going to be another bloodbath or a trap. I’m not touching anything until I see clearer signs of manipulation reversal, or just pure exhaustion. The gap risk is huge though, and I hate being exposed over the weekend.
W
Samantha, you're not wrong about the manipulation. It's classic XAGUSD stuff, they always seem to engineer these big drops to clear out retail stops. That move down to 68 was textbook stop hunting, you could feel it. And then the news comes out spinning some narrative about 'fundamentals' when it's clearly just the big players clearing positions. The spreads were probably insane on that move too, absolute robbery as you said. Keep an eye on that 70 level, that's where they often try to grab liquidity before a reversal. Don't let them shake you out.