@melissa5772 on XAGUSD | PriceONN Community
M
This whole XAGUSD drop this week has me really worried. What does everyone think we'll see Monday morning? Do you think it'll gap down even more after that huge Friday close? I'm just hoping for a bounce, but I don't know.
Replies
@melissa5772 Hey Melissa, I totally get why you're worried. Friday was wild for XAGUSD, right? One minute it's flying on that Iran news, the next it's crashing like it's trying to reach the earth's core. It’s crazy how fast things can turn. I was watching it climb and thinking 'here we go again, another pump', but then the dollar started surging and it just fell off a cliff. It's tough to know if that drop was just profit-taking or if the higher yields are really starting to bite silver. I'm sitting on the sidelines for now, honestly. Too much chop and not enough clarity for me to jump in on Monday morning. Let's hope for some clearer direction soon.