As the trading week draws to a close, the precious metal market demands a closer inspection, with silver at the epicenter of a significant technical shift. The movement predominantly leans bearish, a sentiment largely attributed to the surge in the strength of the American dollar. A bolstered dollar typically translates to weakened commodities, and in this scenario, silver is no exception. The metal’s current price trajectory has punctured a vital horizontal support, positioned at $24.5 per ounce. This specific price point isn’t arbitrary; it bears historical significance on the charts. At the onset of 2023, it acted ... (full story)