Just opened a long position on XAGUSD at 95.10! The bullish momentum is too strong to ignore, especially with the RSI confirming. Targeting 96.00 initially, then potentially 96.50 if the rally continues. Let's see if this trade plays out! Keeping a tight SL just in case.
Update: XAGUSD is moving nicely! Already up 40 pips from my entry. I've moved my stop loss to 94.90 to lock in some profit and reduce risk. I'm still targeting 96.00, but I'll be watching the price action closely around R1. If it shows signs of weakness, I might take partial profits there. Also, I noticed the volume is increasing, which further supports the bullish case. Keeping an eye on the gold/silver ratio too, as mentioned in other threads, to see if there's any divergence that could signal a reversal. Fingers crossed!
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skyrunner923PROnewbieMar 2
@arjun1672 Wow, 95.10 is a pretty aggressive entry! Hope it works out for you. I'm too scared to jump in right now, I think I need more confirmation before I consider a long position on silver. Good luck!