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Silver: Sees a Rangebound Market
Monday ushered in a noticeable dip in the silver market, casting a veil of uncertainty over traders as they grapple with the market's elusive direction. Presently, silver teeters dangerously close to the lower threshold of a range it has occupied for an extended duration. At the pivotal $22.50 level, a substantial support structure exists, and the possibility of descending to that marker cannot be dismissed. It's clear that Silver needed a breather, but it seems hesitant to embark on a significant move at this juncture.Should the $22 threshold falter, prospects could further deteriorate, potentially resulting in a ... (full story)