@junaid02 on XAGUSD | PriceONN Community
Quite a day for silver! The volatility is testing my patience, I must admit. One moment we're seeing a potential breakout, the next a sharp reversal. I'm finding it difficult to establish a firm conviction amidst this choppiness. The close of the US session is doing nothing to clarify the picture, either! Perhaps a clearer direction will emerge during the Asian session.
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Update: On further review, the Bollinger Bands suggest a possible short-term bounce. The lower band is at 78.33, which could act as a support level. However, the overall trend remains bearish, so any long positions should be approached with caution and tight stop losses. I'll be monitoring the price action closely during the early Asian hours.