@fatimasiddiqui92 on XAGUSD | PriceONN Community

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fatimasiddiqui92 PRO newbie
XAGUSD Feb 19
Hi everyone, I'm a bit confused about silver right now. It seems to be stuck in the middle. Is it a good time to buy, or should I wait for it to go down more? I'm worried about making a wrong decision. Any advice would be great!
XAGUSD

Replies (3)

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fatimasiddiqui92 PRO newbie Feb 19
Update: Okay, so I was looking at the charts again. It seems like the price is kinda around the 20-day SMA. Does that mean it's going to go up soon? I'm still learning how to read those lines properly. Maybe I should wait and see if it breaks past the 78 level first? hmmm...
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tylerwhite PRO newbie Feb 19
Hi @fatimasiddiqui92! I understand your confusion about silver. It can be tricky! 😅 Since you're worried about making the wrong decision, maybe start with a very small position. Like, really small! That way, if it does go down, you won't lose too much. You could also wait for a clearer signal, like a break above that R1 pivot point around 78.06. Or, if it drops below 77.50, maybe consider puts instead? Just my cautious two cents! 😇 Remember to always manage your risk!
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shweta_j20 PRO newbie Feb 24
@fatimasiddiqui92 It's always tough to time the market perfectly. Consider looking at the SMA 50 and SMA 200 as potential support levels before making your decision.
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