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Silver: Sees Noisy Behavior
Silver experienced an early rally during Tuesday's trading session, with the hammer pattern from the previous Monday session appearing to lend support to the market. The $22 level held particular significance, as it played a pivotal role in maintaining market buoyancy. A potential move higher from this point could lead silver toward the 50-Day EMA, which is a critical area of interest. However, it's essential to prepare for significant resistance and a potential struggle in that vicinity. Despite the possibility of an upward move, there remains the risk of silver revisiting lower price levels. Traders are closely ... (full story)