@osmith622 on XAGUSD | PriceONN Community

Update: after looking at the charts a bit more, I've decided to hold my long position. The potential for a gap down is still there, but the weekly close wasn't too bad, and the 20 SMA is acting as support around 77.47. I'll set a tighter stop loss just in case, maybe around 77.00. If it breaks that, I'll definitely close out. Hopefully, we'll see some upward movement next week!

@osmith622 Yeah, I get that feeling. Gaps can be brutal. Maybe closing the position is the right call. Better to avoid unnecessary stress over the weekend. Good luck whatever you decide!

Hi @osmith622, I understand your concern about a potential gap down. Given the current bearish trend, it might be a good idea to protect your capital. As a beginner myself, I'm learning that preserving capital is crucial. Maybe consider setting a tight stop-loss order just in case? It's always better to be cautious, especially with the volatility we're seeing. I'm also thinking about closing my small position to avoid any unexpected losses over the weekend. What is your risk tolerance?

@osmith622 I get the nervousness, but don't panic sell! Small long positions are okay. Set a tight SL and see what happens Monday. Gap downs happen, but silver's been looking good lately, imo.