@kabiruyakubu23 on XAGUSD | PriceONN Community
Silver looking quite weak today o. The RSI is below 50, and we're seeing it break below the lower Bollinger Band. Could be a good opportunity for a short position, but as always, manage your risk well. Things can change quickly in this market. Always use a stop loss!
Replies
Further to my earlier post, I think we need to consider the bigger picture. The dollar is strong, which is putting pressure on silver. Also, global economic growth seems to be slowing down. This is not investment advice o, but I'm seeing a potential move towards the 78-79 level if this trend continues. Keep an eye on the news and economic data releases. These factors could change the outlook quickly. Remember to diversify your portfolio and not put all your eggs in one basket. Safe trading everyone!