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Silver: Looking Toward the Thanksgiving Holiday

From dailyforex.com

Silver exhibited some early volatility during Wednesday's trading session, initially opening lower with a gap before subsequently reversing its course and demonstrating a notable degree of resilience. When considering the broader picture, I maintain the belief that this market holds the potential to gradually advance toward the $24 level, and perhaps even exceed it. However, it's paramount to acknowledge the idiosyncrasies of the silver market, which can be prone to sporadic behavior.Delving beneath the surface, the 200-Day Exponential Moving Average continues to serve as a notable support level, while the 50-Day EMA ... (full story)

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  • Category: Technical Analysis