SILVER ALARM: STOP CHASING THE PUMP! 🚨
We have been long $XAG since $78, but the short-term heat is dangerous. Risk first. I am not chasing this move.
$XAG is severely overheated without a proper correction. My current rule: maintain core position, no chasing highs. If you can survive a potential 20-30% drop without leverage, you can ignore this.
Short-term outlook: Buying pressure is drying up. Expect a potential drop below $90/oz. New entries only below $90.
Mid-term targets remain locked: $120/oz, long-term $150-$200/oz. The long-term bullish structure for $XAG is unchanged.
#Silver #XAG #PreciousMetals #TradingAlert 🛑