This whole week was crazy for XAGUSD. I'm glad it's the weekend so I can chill. I closed my last trade on Friday, didn't want to hold anything over the weekend with all that chop.
Hey @CoderMichael, I feel you on wanting to be out of the market over the weekend. Holding positions through that kind of volatility, especially with the news cycle lately, is just asking for trouble. That Friday drop was pretty aggressive, definitely felt like some forced liquidations happening. I closed my own swing position before the close too. Looking at the weekly chart, that close below the 200 SMA is concerning, but we've seen sharp bounces from oversold RSI before. The main question for me is gap risk on Monday. If we open down another 5-10%, that's going to be a tough spot to recover from. I'm hoping for a flat open or even a small gap up, but who knows with silver. It's always a wild card. Just gotta watch for displacement candles and smart money moves early in the week.