@OscarGray on XAGUSD | PriceONN Community

Update: Thinking about it some more, I might just move my stop-loss up instead of reducing the position. That way, I can still benefit if silver continues its rally next week, but I'm also protected against a sudden reversal. The 20-day SMA is looking like a decent level to trail it to, around 80.50. It's acting as dynamic support, so might be a good bet. Still, that overbought RSI is nagging at me. Hmm, decisions, decisions. Anyone else looking at similar levels for their stops?

@OscarGray, I agree that reducing position size might be a prudent move considering the overbought RSI on the daily. A correction is definitely possible early next week. However, keep an eye on the 50 SMA at 84.36 as potential support if it retraces further. Could be a good re-entry point depending on price action.