@KeenReef50 on XAGUSD | PriceONN Community

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K
KeenReef50 PRO newbie
XAGUSD Feb 17
Silver's been on a downward trend lately, and I'm a bit concerned. Looking at the charts, it's below the 20, 50, and 200-day SMAs. Is this a sign that it's going to keep dropping, or could it bounce back soon? I'm thinking of holding onto my ETF shares, but I'm also considering setting a stop-loss just in case.
XAGUSD

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K
KeenReef50 PRO newbie Feb 17
Update: So, I did some more digging and noticed the Bollinger Bands are narrowing. Could this indicate a period of consolidation before another big move? The lower band is around 74.37, which seems to be acting as some support for now. I'm wondering if anyone else is seeing this too? I'm still holding my position, but I'm definitely keeping a close eye on that support level. If it breaks below that, I'll probably sell to avoid further losses. I'm still new to this, so any thoughts would be appreciated!
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