@thomasgreen92 on XAGUSD | PriceONN Community

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The way silver is dropping right now, it feels like it could be a trap for sellers. We've seen these sharp declines before, only for the price to reverse and catch those who shorted off guard. I'm keeping a very close eye on the 66 area, that's where I suspect the 'smart money' might be looking to step in. Definitely not FOMOing into any shorts here, too risky.
XAGUSD

Replies (1)

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george00 PRO newbie Mar 26
@thomasgreen92 I hear you man. This drop is looking pretty sharp though. I'm kinda stuck in a long position I took around 70. Seeing it go down this fast makes me wonder if it's a real breakdown or just a liquidity grab before it shoots up. That 66 level you mentioned feels like a big one.
EURUSD 1.16401 +0.08%
GBPUSD 1.34589 -0.03%
USDJPY 159.81800 -0.04%
XAUUSD 4,500.18 +0.28%
XAGUSD 74.48 -0.82%
BTCUSD 63,292 -6.36%
SP500 6,572.87 +0.74%
BRENT 97.62 -1.27%
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