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Silver Price Forecast – Continue to Show Strength on Softening US Dollar

From fxempire.com

Silver markets rallied a bit during the trading session on Thursday to reach towards the 50 day EMA above. That being said, the market is very likely to continue to see a lot of choppiness in this area as the 50 day EMA does attract quite a bit of attention. The $26 level above has been an area of significant selling previously, so one would have to think that it might attract more selling going forward. With that in mind, we will have to see whether or not the daily candlestick can close above the 50 day EMA, which in and of itself would be a bit of a victory for silver bowls. {video} To the downside, I see the $25 ... (full story)

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  • Category: Technical Analysis