@christopher2177 on XAGUSD | PriceONN Community
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Well, that Friday close for silver was certainly something. The sharp drop really took a lot of the steam out of the market. Looking ahead to Monday, I'm a bit concerned about a potential gap down. We saw some significant selling pressure, and it's hard to say if that momentum will carry over when the markets reopen.
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Hey @christopher2177, I agree. That Friday drop was a bit of a nasty surprise. I'm bracing for a potential gap down on Monday too; the manipulation is just too obvious sometimes. Let's see if they try to hunt more stops.
Hey @christopher2177, I hear you on that Friday close. It felt like a complete rug pull, didn't it? They really hammered it down in the last hour or so. I'm seriously hoping it doesn't gap down like you're saying, though I wouldn't be shocked. Those geopolitical tensions are wild, and the dollar strengthening against that is just weird. I'm personally holding a small long position over the weekend, but I've got my stop tight. Just hoping we don't open with a huge gap against us, that would be a nightmare. Let's see if we get some follow-through on Monday or if it was just a fakeout.