@MichaelSmith - XAGUSD | PriceONN Topluluk

And of course, keep an eye on the dollar index. Any further strength there will exacerbate the downward pressure on silver. I'm also monitoring the 10-year Treasury yield; a continued rise could weigh on precious metals. Considering tightening my stop loss if volatility increases. I'll probably close my position before the weekend.

@MichaelSmith Morning Michael. I saw your comment about the oil news impacting silver. It's certainly a factor, though I'm personally more focused on the precious metals' own dynamics right now. You mentioned watching the 85.70 level for a short entry – that's a pretty significant resistance area, especially with the 50-day SMA sitting just above it around 80.77. If we do break below that S2 pivot you highlighted at 79.19, I'd be looking for confirmation on the hourly chart before committing. It feels like we're in a bit of a holding pattern, waiting for a clearer signal, perhaps after the Fed's announcement. Trying to catch a falling knife can be a painful exercise, as I learned the hard way earlier today!