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Silver's been consolidating for a while now. Looking at the daily, the 200 SMA is still acting as resistance around 78.80. We need to see a decisive break above that level to confirm a bullish reversal. Otherwise, expect more sideways action.
Update: Regarding my earlier comment about consolidation, keep an eye on those Bollinger Bands. They're starting to tighten, which often precedes a significant move. Could be a good opportunity to play the breakout, but be prepared for a potential fakeout. Manage your risk!
