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Silver Price Analysis: Faces barricades below 24.00, upside looks favored
Silver price (XAG/USD) has witnessed a minor correction in its journey toward the round-level resistance of 24.00 in the Asian session. The white metal has broadly displayed a perpendicular upside move, therefore, the corrective move could be healthy for the Silver bulls. The US Dollar Index (DXY) witnessed a sell-off on Wednesday after facing barricades around 102.00 and dropped to near a seven-month low at 101.10 as an appeal for the safe-haven assets squeezed ahead of the release of the United States Gross Domestic Product (GDP) data. Investors’ risk appetite is improving further as S&P500 futures are ... (full story)
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- Posted: Jan 25, 2023 8:55pm
- Submitted by:Category: Technical AnalysisComments: 0 / Views: 56
