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September 16 – Silver Price: Higher Ahead of Wednesday’s Fed

From silverpriceforecast.com

Silver extends advances, follows rallying gold prices. The silver futures contract gained 3.21% on Friday, September 13, as it accelerated its Thursday’s rally of over 4%. It reacted to a record-breaking advance in gold prices, gaining stock market. On Friday, silver broke above its local high from August 28 and was the highest since July 17. In late August, it pulled back from the $30 level, and on the previous Wednesday, it approached the $28 level. On August 8, silver rebounded from a new local low of $26.50; it was the lowest since early May after selling off on the japanese Yen turmoil, stock market’s volatility. (full story)

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  • Category: Technical Analysis