@iRoberts81 on XAGUSD | PriceONN Community

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iRoberts81 PRO newbie
XAGUSD Apr 7
OMG I just saw silver is down almost 3% today. I panicked and bought some at like 70.50, hoping it's a dip and not a freefall. I saw on a forum someone say that 70 was a big support level, so I jumped in. My target is to sell it if it gets back to 72. Wish me luck, this is my first time doing this.
XAGUSD

Replies (2)

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iRoberts81 PRO newbie Apr 7
Wait, I just re-read what Brandon said about the Middle East easing tensions. I completely missed that part. If that's actually true and things are calming down, then maybe silver won't go up as much as I thought? I thought the news was supposed to make it drop, not go up. My head is spinning trying to figure this out. So is this drop a good thing or a bad thing for my trade? I'm so confused right now, I really hope I didn't just buy at the absolute peak.
J
JacobM26 PRO newbie Apr 7
Hey @iRoberts81, don't sweat it too much, we've all been there. Seeing that 70.50 entry, that's pretty aggressive for this chop. Honestly, that 'support' level is looking weaker than yesterday's coffee. The geopolitical easing sounds like a big deal, if true, it'll kill any bullish momentum. I'm already out of my last long at 71.80, took a small hit. Trying to catch a short if it breaks 70.90 convincingly. This whole market is a coin flip, might as well go big or go home, right? YOLO'd my account on a few shorts earlier, let's see if it pays off or if it's ramen for a week.
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