@cOkafor85 on XAGUSD | PriceONN Community
Sentiment's still pretty risk-off, even for silver. Bond yields are creeping up again, and that's sucking the oxygen out of precious metals. I reckon we could see another leg down towards 88 if this continues. Time to dust off the short strategies, maybe.
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Update: Just saw some big put options being bought on XAGUSD expiring in a few weeks. That's adding fuel to the fire, imo. Institutional players are clearly positioning for further downside. Could be a bumpy ride ahead. I'm going to keep my powder dry for now and wait for a clearer signal. Patience is key, as they say.