@ElenaG34 on XAGUSD | PriceONN Community

Actually, looking at the Bollinger Bands too, we're right at the lower band around 67.66. This usually means a bounce is imminent. I've set my stop loss quite tight, just below 67.50, so if it doesn't work out, I won't lose much. But I'm optimistic that we'll see a push towards the middle band at 71.48 soon. The market needs to correct this oversold condition. The news about the Gulf situation is also adding some safe-haven demand, which should benefit silver.