In March and April, there were several instances when SLV closed above the upper Bollinger band, but there was little follow through to the upside.

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In fact, during the most recent rally, Immersion has been walking the upper bollinger band (10-period setting) for the most part, affirming that the trend may continue.

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Markets generally do not exceed the upper or lower Bollinger band lines for long and gold needs to revert back to some equilibrium pricing.

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