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Silver: Looks to Test Major Support Level
The silver market experienced a substantial decline during recent trading sessions, largely due to a surge in the US dollar's strength. However, there is a crucial support level at $22.50, which represents the lower boundary of the overall trading range. The pivotal question now revolves around whether this level can withstand the pressure, a matter that dominates the thoughts of traders. In the grand scheme of things, the trajectory of silver prices hinges significantly on interest rates and the US dollar. Should we see a breach below the $22.50 mark, it is likely that Silver will seek support around the $20 level. ... (full story)