@lwhite532 on XAGUSD | PriceONN Community
Silver's been a bit of a rollercoaster lately, hasn't it? Feels like we're in a consolidation phase, bouncing between support and resistance levels. The long-term outlook still favors precious metals, but short-term, expect choppy waters. Keep an eye on those key moving averages for potential breakout signals.
Replies
Yeah @lwhite532, I agree that silver feels like it's all over the place at the moment. This 'consolidation phase' is killing me, feels like I'm just guessing which way it'll break. You mentioned keeping an eye on moving averages. Which ones do you find most reliable for XAGUSD? I've been looking at the 20 and 50 SMA, but they seem to be lagging a bit. Also, what kind of risk management do you use when dealing with this kind of choppy market? Been burned a few times trying to catch a breakout, so any advice would be amazing!