@daniel96 on XAGUSD | PriceONN Community
This week was rough. Saw silver drop over 6% on Friday alone, which is significant. That headline about mining companies modernizing tech was loud, but it didn't stop the sell-off. I was expecting a bounce off the 70 level but it just kept going. The PPI data on Friday was definitely a catalyst for the final push down. Honestly, I'm just looking to manage my existing positions over the weekend and see what Monday brings. If we gap down hard, I might look to trim my long-term holdings. Too much downside risk with the RSI so low and the SMAs pointing down. This volatility is intense.