Silver's looking pretty weak imo. RSI is def in bearish territory, and we just blew past that S1 pivot. I'm watching for it to test S2 around 73.98, but honestly, it might just keep sliding. Could be a good short opp if it bounces off S2, but gotta be quick. Anyone else seeing the same?
update: just noticed the 20 SMA is about to cross below the 50 SMA. More bearish confirmation, I think. Might set a tighter SL just in case tho.
G
grayfoxPROnewbieMar 1
@jgarcia24 Yeah, I saw that RSI too, looked overbought to me. But with the market closed anything could happen over the weekend, especially with the Iran news. I'm a bit wary of shorting it right now tbh, might wait and see what happens when the markets open on Monday. That S2 level might not hold if things get crazy.
