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Silver: Continues to See Volatile Trading
Silver experienced a slight decline during Monday's trading session, with the market now approaching the 50-Day Exponential Moving Average (EMA), just above the $24 level. This movement suggests that the market is in a state of indecision, teetering between a significant selloff and a potential rebound from the 200-Day EMA. The direction of silver prices is largely influenced by the US dollar, given the strong negative correlation between the two. A break above the top of the shooting star from Friday's session would be a bullish indicator, potentially paving the way for a move toward the $25 level. It's important to ... (full story)