@daniel1988 on XAGUSD | PriceONN Community
Good morning, everyone! I'm looking at silver this morning, and I'm wondering what everyone else thinks about its potential. It's up a bit, but I'm not sure if it's a good time to buy. I'm trying to build a long-term position, but I don't want to jump in at the top. Do you guys think it will keep going up, or is this just a temporary bounce? Any advice for a newbie like me? I'm trying to learn how to read the charts better, but it's still confusing. Thanks!
Replies
Hey @daniel1988, good morning to you too! I get what you're saying about not wanting to buy at the top. Silver can be a tricky beast. Long-term, I'm bullish on silver, especially with all the green energy stuff happening. But right now? It's a bit of a mess. Those SMAs are too close for comfort, and the RSI is not giving a clear signal. If you're building a long-term position, maybe dollar-cost averaging is the way to go? Buy a little bit now, and then buy some more if it dips further. That way, you're not putting all your eggs in one basket. Just my two cents! 😉