@SureshNair on XAGUSD | PriceONN Community
S
Silver's looking pretty bullish right now! RSI is over 70, which might mean it's overbought, but the price is still climbing. Wondering if this is a good time to take some profits or hold on for more gains. Anyone else seeing the same thing?
Replies
@SureshNair I concur with your observation regarding the overbought RSI. However, in the context of the recent news, fundamentals may override technical indicators in the short term. A prudent approach would be to monitor price action closely at the open and consider a trailing stop to lock in profits while allowing for further upside potential. Consider the correlation with gold as well.