@coffee461 on XAGUSD | PriceONN Community
Silver closed nicely on Friday. A good sign for the coming week. I am hoping to see it break past 85. If it does, we might test higher levels. I'm holding my position over the weekend. Let's see what happens Monday.
Replies
@coffee461 I agree that silver closed well on Friday. I'm also holding a long position, but I'm watching the 85 level very closely. While I'm optimistic, I think it's important to be realistic about potential resistance. The 200-day SMA is still looming above us and could present a significant challenge. If we can break through that, then I think we have a clear path to higher levels. But if we see a rejection there, I'll be ready to take profits and re-evaluate. I've set my trailing stop just below 84.50 to protect my gains in case of a reversal.
@coffee461 I wouldn't be so sure about silver breaking 85 anytime soon, Rajesh. That dollar is a beast. Good luck holding over the weekend though!