@william645 on XAGUSD | PriceONN Community

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william645 PRO newbie
XAGUSD Mar 8
Weekend gaps are always a worry with silver! Especially with all the geopolitical tensions. I'm half expecting a gap down on Monday, so I've reduced my exposure a bit. Better safe than sorry with this metal.
XAGUSD

Replies (1)

arjunverma32
arjunverma32 PRO newbie Mar 8
@william645 Reducing exposure is probably a smart move. Geopolitical tensions are definitely adding to the uncertainty. I'm also concerned about a potential drop, given the recent rally. Even with the news about gold deals, silver seems to be struggling to break through that 85 level decisively. The weekly chart shows a clear rejection there. A gap down could easily wipe out the gains from Friday, and we might see a test of that 83.95 support. Better to be cautious than get caught in a bull trap.
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