Hey guys, what do you think about silver hitting 80 soon? The RSI looks good, and it's above the 200 SMA! I'm thinking of opening a position. Should I wait for a small pullback first, or just jump in now? What's a good entry point?
Update: I'm seeing resistance around 79.24, so maybe wait for a breakout before buying? Just a thought! Still super bullish on silver though!
J
J_WrightPROnewbieFeb 27
Hey @nycMichael, hitting 80? That's a bit ambitious, imo! The 200 SMA is definitely a good sign, but don't get too caught up in it. I'd definitely wait for a pullback before entering. Maybe look for a bounce off the 50 SMA around 89. If it holds there, it could be a decent entry point. Just my two cents!