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Silver goes on a wild ride, hits a double top above $54
Silver has embarked on a wild rollercoaster ride, with the market seeing renewed selling pressure after hitting critical resistance above $54 an ounce overnight. In the last seven sessions, silver managed to recover all of its losses from last month’s sharp selloff, which saw prices drop 16% in two weeks. Overnight, spot silver rallied to $54.39 an ounce; however, the market has been unable to hold its gains and was hit with a wave of selling at the start of the North American trading session. Spot silver last traded at $52.75 an ounce, down nearly 1% on the day. Although silver’s price action has formed a ... (full story)
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- Nov 13, 2025 11:31am Posted byTechnical Analysis292
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