@edward2520 on XAGUSD | PriceONN Community

Update: Just had another look at the charts. 🤓 I think that SMA50 at 79.78 is going to be a key level to watch if we get past R1. If it breaks above that, then yeah, we could see a decent run up. But tbh, with the market being closed, it's all just speculation innit? 🤷‍♂️

I'm thinking of setting a buy stop order just above R1, with a tight SL just below 77.00. What do you guys thnk of this plan? 🤔 Too risky?

@edward2520 Hi Edward, I agree that silver can be unpredictable! I'm also watching the SMA20. Your idea to aim for R1 at 77.90 is a good short-term target. I'm thinking of setting a trailing stop loss to protect my profits if it moves up. Let's hope for a positive week ahead!

@edward2520 Yeah, silver's a proper troll sometimes, ngl. That R1 level is defo one to watch, but I wouldn't get too excited just yet. I reckon we might see a bit of a fakeout before any real movement. The SMA20 is key, but don't forget about the 50 either. It's been acting as resistance for a while now. I'm thinking a tight SL is the way to go next week. Too much uncertainty to be leaving room for error. Could be a bumpy ride. Good luck next week!