@grace7120 on XAGUSD | PriceONN Community

@grace7120, your question about silver's next move is quite pertinent! Considering the current bearish trend and the fact that it's struggling below key moving averages, I anticipate continued consolidation with a potential bias towards the downside. The Bollinger Bands suggest volatility, but the overall trend is still bearish. Keep an eye on the price action around the 77 level; a sustained break below that could signal further weakness. However, risk management is paramount. Always set your stop losses appropriately. I'm thinking silver will continue to consolidate for a bit before making a move either way. Let's see!

Hi @grace7120, I'm also relatively new but I've noticed that patience is key. Given the overbought RSI, it might be prudent to wait for a slight pullback before entering a long position. Just my opinion though!