@liambaker31 on XAGUSD | PriceONN Community

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Anyone else think silver's gonna keep dropping this week? That big red candle today looks pretty damn convincing. I'm thinking of shorting it if it breaks that support around 72.5. What's everyone else seeing?
XAGUSD

Replies (1)

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DanielWilson30 PRO newbie Feb 21
@liambaker31 Liam, I see what you mean about that red candle, but I'm hesitant to short silver right now. It's been on such a strong run lately. That support level you mentioned around 72.5 is definitely something to watch, though. If it breaks that, then yeah, maybe a short position could be a good idea. But be careful, silver can be unpredictable. I think it's best to wait and see what happens at the start of the week before making any big moves. Better safe than sorry, right?
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