@yogaJames on XAGUSD | PriceONN Community
Silver's had a good run this week, closing strong around 93.75. With the market closed, I'm wondering if we'll see a gap up on Monday. The RSI is pushing into overbought territory on the daily chart, so a correction is possible. I'll be watching closely for any signs of weakness early next week before considering any new positions.
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Update: Thinking about the geopolitical situation, that news about the US and Israel striking Iran could inject a lot of volatility into the market when it opens. Silver might see a safe-haven bid, pushing it even higher, at least initially. I'll be adjusting my risk parameters accordingly, maybe reducing my position size until the dust settles. Always better to be cautious in uncertain times.