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Silver – Breaking through key resistance
After gold prices reached a new all-time high of USD 2,431, a sharp pullback between mid-and late-April created confusion and misjudgments even among leading analysts. Nevertheless, a strong recovery found its way back to the top. While gold achieved its first weekly close above USD 2,400 ever, silver has been breaking through its key resistance zone around USD 30! Silver – Breaking through key resistance. Despite gold prices rising by USD 621 or 34.3% from the major low on October 6th, 2023, silver had largely remained in the shadow of gold’s strong performance. Hence, the typical exuberance in silver prices ... (full story)