XAG/USD | If Strait reopens, Silver will go up!SilverOANDA:XAGUSDAmirAliTradingBy examining the 4H chart of Silver we can see that ever since the opening today, it has been gradually dropping. It started dropping from 75.7917 all the way to 72.2045, before bouncing back up from the Demand Zone and is currently being traded at 73.4500. I expect XAGUSD to revisit the demand zone one more time, and if it manages to stay above the April 6th NWOG Consequent Encroachment at 72.540 and stabilize there, we could see a rise in price. However, if it goes below the NWOG C.E. and stabilize there, first support will be at 72.083, and then 71.224 and finally 70.00 level. If the Strait of Hormuz reopens today, Silver alongside Gold will see a surge in price, but if it remains closed and the war escalates, further drop for Silver is expected.