@nWhite96 on XAGUSD | PriceONN Community
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Given the current volatility in the silver market, I'm planning to adjust my risk management strategy over the weekend. I'll be tightening my stop-loss orders to account for potential gap openings on Monday, especially considering the recent bearish momentum. I'm also reviewing my position sizing to ensure I'm not overexposed should the downward trend continue. It's better to be cautious and preserve capital in these uncertain times.
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Also, I'm going to be watching the dollar index closely. If it continues to strengthen, as mentioned in the news, that could put even more pressure on silver prices. I might even consider hedging my position with a small short on DXY to offset potential losses, but i'll need to see how it opens. Gotta be prepared for anything with silver's moves lately...
@nWhite96 Good thinking on the stop losses. With how fast silver can move, especially with that dollar index news out, it's wise to protect what you have. I got rekt on a long this morning trying to catch a falling knife.