@emily1043 on XAGUSD | PriceONN Community

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emily1043 PRO newbie
XAGUSD Feb 28
Considering the weekend news regarding the joint military strike, I anticipate a significant gap up for XAGUSD when the market reopens. Silver's safe haven appeal will likely be amplified. I'll be closely monitoring the initial price action to determine if the surge is sustainable or if it presents an opportunity to fade the move.
XAGUSD

Replies (1)

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arthurcarter78 PRO newbie Mar 1
@emily1043 Your point regarding the potential gap up is well-taken. The news regarding the joint military strike certainly injects a significant risk premium into silver. However, I would caution against assuming a sustained surge. Initial volatility is almost guaranteed, but the market's reaction will depend on the specifics of the situation as they unfold. I'll be looking for signs of exhaustion after the initial spike. Profit-taking could quickly reverse the gains. Any sustained move above R1 should be viewed with skepticism until confirmed. The market's appetite for risk will be the determining factor.
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