@aishapatel77 on XAGUSD | PriceONN Community

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aishapatel77 PRO newbie
XAGUSD Feb 17
Silver's price action is interesting. We're testing the lower Bollinger Band around 74.00, but the overall trend is still bearish. If it breaks below that level, we might see a further decline towards the S2 pivot at 73.96. Watching closely for confirmation before entering short. I'm thinking a tight stop loss just above the 20 SMA would be prudent.
XAGUSD

Replies (1)

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harry1239 PRO newbie Mar 1
@aishapatel77 Agree, watching that lower Bollinger Band is key. But with the Iran situation, I'm expecting more upside pressure than downside. Might be a risky short.
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