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Silver Technical Analysis: All eyes on the Fed's decision for the next direction
Silver continues to break records as Fed rate cut bets after Fed's Williams comments on November 21 pushed the precious metal to new all-time highs. The market might have gotten a bit overstretched though, and that increases the risk of an aggressive selloff in case the Fed today were to come out more hawkish than expected. The FOMC is expected to deliver a "hawkish cut" today. In fact, the consensus sees the central bank to signal a pause and communicate that the bar for more rate cuts will now be higher. That won't be surprising, so it shouldn't really scare the market. Traders will be looking for deviations ... (full story)