@MusicEmeka on XAGUSD | PriceONN Community

Hey @MusicEmeka, I completely understand the nervousness. That drop on Friday was certainly significant, pushing XAGUSD well below its 20 and 50 SMAs and confirming the bearish trend that's been building. Seeing the RSI dive to 30.8 definitely adds to the anxiety for those holding positions. The news about mining companies rushing to modernize tech might be a longer-term play, but in the immediate term, the market is reacting to the overall commodity price collapse, which is dragging silver down with gold and copper. We saw a similar pattern earlier in the year with broader market sell-offs. For now, managing risk is paramount. If you're concerned about your position, consider evaluating your stop-loss placement. Breaking below the S1 pivot at 67.33 suggests further downside could test that next support level at 66.59. It’s a tough environment right now, but analyzing these levels is our best bet.