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Silver Price Prediction – Prices Rebound but Face Headwinds
Silver prices rebounded on Wednesday after falling below trend line support earlier in the week. The dollar moved lower, which failed to buoy gold prices, but copper gained a foothold as concerns over the spread of the virus disappeared slightly. U.S. Yields were mixed following the U.S. 20-year auction, where the yield needed to rise to gain buyers. Silver prices dropped rebounded on Wednesday after falling for three consecutive trading sessions. Target support is seen near a horizontal line seen near 23.86. Resistance is seen former support near $25.55. Additional resistance is seen near the 20-day moving average ... (full story)