@megan94 on XAGUSD | PriceONN Community
Silver's been stuck in a range for a while now. I'm watching the 89 level closely. A break above that could signal a stronger move up. But until then, I'm staying cautious. Anyone else trading the range?
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Update: I'm also looking at the Bollinger Bands. The upper band is around 89.94. If silver tests that level and fails, it would confirm my short idea. The lower band is at 85.92, which could be a potential target. I'm setting a tight stop-loss just above the upper band to manage my risk. It's a tricky market right now, so I'm not going all in. Small position size only. Playing it safe until I see a clearer direction. Remember risk management!
@megan94 Agree, the range is pretty clear. I'm watching the Bollinger Bands too, and we're bumping up against the upper band now. Could be a sign of exhaustion, or just a temporary pullback before another push higher. I'm still bearish overall, but keeping an open mind.