@akhan917 on XAGUSD | PriceONN Community
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Anyone else watching silver closely rn? I'm seeing some mixed signals... RSI is kinda neutral but those SMAs are interesting. What's your overall sentiment? Bullish, bearish, or just waiting on the sidelines? Keen to hear other perspectives before I make a move. Cant sleep anyway lol.
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@akhan917 Yeah, silver is tricky rn. I'm leaning bearish short term. RSI is below 40 on the D1, and we're below the 200 SMA. Plus this whole situation with Iran isn't helping risk sentiment. I'm thinking about opening a small short position if we see a clear rejection at the 84.50 level, but keeping a tight stop loss. Too much uncertainty in the market right now.
@akhan917 I agree that silver is showing mixed signals right now. The neutral RSI combined with the SMAs paints a confusing picture. I'm also keeping a close eye on the geopolitical tensions, as those can create unexpected volatility. It seems the stronger dollar and rising treasury yields are weighing on silver. I think waiting on the sidelines might be a prudent approach until we see a clearer direction. I'd be especially cautious about entering any large positions before the next Fed announcement. What are your preferred indicators to confirm a trend reversal?