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Is anyone else watching the 200-day SMA? It seems like silver has been respecting it as support for a while now. I'm wondering if a break below 82 could signal a larger downward trend, or if it's just a temporary dip. Thoughts on how reliable that SMA is in the current market conditions?
Update: I'm considering a short position if silver fails to hold above the 87.20 level. The RSI is neutral, but the overall trend looks bearish after today's move. I'm going to wait for confirmation before entering anything though. Still learning how to read these signals properly.
