@msibiya366 on XAGUSD | PriceONN Community
Silver got wrecked this week hey? I'm kinda worried about a gap down on Monday with all this dollar strength. Might be a good idea to set some limit orders just in case it drops hard. Anyone else think we're gonna see a big move when the markets open?
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Also, I'm thinking maybe a small hedge position to protect my portfolio over the weekend wouldn't hurt. Better safe than sorry with silver's volatility.
K
Hey @msibiya366, yeah it's looking pretty grim for silver. All this talk about dollar strength and Fed hikes is definitely putting pressure on it. I saw that article about gold also crashing, which usually means silver follows suit or worse. I'm just trying to sleep but this sideways chop is making me nervous. They'll probably try to hunt stops overnight, especially with this low volume. Don't even get me started on the spreads this late. Feels like they're begging us to lose money. Hope you manage to protect your capital.