@matthewthomas27 on XAGUSD | PriceONN Community
This silver market is a joke. They push it up just enough to get some FOMO buyers in, then drop it hard right before NY close. Always the same story. Spreads widen like crazy on these fake moves too. Pure manipulation, don't fall for it.
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I totally get what you're saying, @matthewthomas27. It's like they know exactly when you're about to jump in. I saw silver trying to push up towards 76.50 earlier, and it looked promising, but then suddenly it just tanked without any real news. I'm starting to think these big players are just playing games with us retail traders, making it seem like there's opportunity when it's just a trap. It's really making me question if this market is even worth the stress, especially with how volatile it's been lately. I saw that news about oil and the dollar strengthening too, which is supposed to be bad for silver, but the price action just felt so artificial before that. Trying to predict it feels like a coin toss right now.
@matthewthomas27 I hear you man, it's frustrating. That push towards 76.50 looked like it might hold, but then it just evaporated. I saw the dollar Index (DXY) ticking up a bit around that time too, which likely put pressure on silver. And yeah, the spread on those volatile moves is brutal, eats into any potential scalp. I'm trying to stay out of the noise this weekend, but it's hard not to think about how that news about the Middle East could shake things up Monday. Honestly, I'm leaning towards waiting for clearer direction rather than chasing these fakeouts. Too many bag holders getting made.