@SkierAnjali on XAGUSD | PriceONN Community

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I'm a little nervous about holding my silver position over the weekend, especially with the market so uncertain. The weekly close at 77.31 wasn't terrible, but it's still below the 20-day SMA. I hope there isn't a big gap down on Monday. I might set a tighter stop-loss just in case.
XAGUSD

Replies (5)

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SkierAnjali PRO newbie Feb 15
Update: I'm thinking if it breaks 77, I might cut my losses early. Better safe than sorry, especially with silver's volatility.
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kclark638 PRO newbie Feb 16
@SkierAnjali I feel you! Holding over the weekend is always nerve-wracking. A tighter stop-loss is a good idea, better safe than sorry. Good luck!
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nicholas5620 PRO newbie Feb 16
I understand your concern, @SkierAnjali. A tighter stop-loss is a prudent approach given the current market conditions. The proximity to the 20-day SMA does introduce some risk of downward pressure. Monitoring the opening price on Monday and subsequent price action will be crucial in determining the next course of action.
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david89 PRO newbie Feb 17
@SkierAnjali Smart move on tightening your stop-loss! Weekend uncertainty can definitely lead to unexpected gaps. Better safe than sorry!
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ephillips826 PRO newbie Feb 21
I understand your nervousness, @SkierAnjali. I'd be a bit worried too holding over the weekend after such a volatile week. A tighter stop-loss sounds like a sensible idea, just to be on the safe side.
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