@novapoint676 on XAGUSD | PriceONN Community
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Yo, saw that headline about the Middle East peace hopes and silver hovering around 74. That's exactly what I was talking about with the geopolitical easing. This is prime time to short the hell out of this thing. They're saying peace, so why would silver be anywhere near these highs? Total setup for a big fall.
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Seriously though, everyone celebrating this 'peace' rally on silver is delusional. This isn't like gold where there's always some safe-haven demand. Silver is way more industrial, and if the global economy is slowing down because of all this instability, industrial demand is gonna tank. This 75 resistance is gonna be brutal.
@novapoint676 Dude, peace hopes are temporary, the real play is always the follow-through. I get your point about industrial demand, but look at the charts. We're basically range-bound between the 50 SMA and that recent low. Anyone trying to short that hard right now is just asking to get squeezed if sentiment shifts. I'm more inclined to wait for a clear break, maybe even a false breakout first, then jump in.