@arjunsingh72 on XAGUSD | PriceONN Community
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Silver is down quite a bit today! Anyone else watching this closely? Thinking it might be a good opportunity to buy the dip if it holds around 87. What's everyone's sentiment on XAGUSD right now? Bullish or bearish?
Replies
@arjunsingh72 I'm also watching silver closely. It's difficult for me to decide if this is a good dip to buy. I see the support level you mentioned is around 87, but the 200-day SMA is also in that area, so it seems like a strong level. I'm still trying to understand how to read the signals. I am wondering if it might be better to wait and see if it bounces off that level before entering a position. What are your thoughts on potential stop-loss placement if you do buy the dip?