@edwardmorris56 on XAGUSD | PriceONN Community
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Okay, so this week with silver has been a rollercoaster! Up, down, up again... makes my head spin. 😵 With the news about Iran, I was kinda expecting a bigger jump, but it's already pretty high. I'm wondering if it's too late to get in on this, or if there's still room to grow? I'm thinking of going long on Monday morning, but I'm also a bit scared of a sudden drop. Any advice from more experienced traders would be much appreciated! 🙏 Gotta manage that risk!
Replies
@edwardmorris56 It's understandable to feel overwhelmed by the volatility, Edward. With the geopolitical tensions escalating, silver is experiencing increased demand as a safe-haven asset. However, entering now might be risky given the already high price. Consider waiting for a potential pullback before initiating a position. Perhaps dollar-cost averaging could be a suitable strategy for you.