XAGUSD - When Is The Best Time To DCA?Utilising the most recent dealing range from the 6th Sep 2024 - 4th Oct 2024, we can establish where the equilibrium is located which means it is easier to differentiate premium prices from discount.
Currently as it stands, Silver is trading at a premium and those looking to dollar cost average further into Silver should not be looking at anything above $30.32 as, although we could see a reversal before then, you would be incurring drawdown risk (heat as i like to call it) as there are higher time frame imbalances that has the opportunity to be filled, especially taking into factor the dollar index printing risk off conditions.
Set your alert at $30.89, $30.36 & $29.71.
If you want to play conservative, you could buy physicals or paper at these levels.
Don't worry about further decline (especially if your a physical DCA investor) as Silver is the type of investment that you hang onto for years.
