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Silver (XAG/USD) down 3% Large range formation building?
Silver broke higher in the past week, but failed to materialize a real breakout above the $92 highs established in early February. Despite early risk-off price action, the precious metal pulled back from the resistance level. With the latest news of a bilateral deal on the nuclear issue potentially close, according to the Iranian Foreign Minister, the risk-off premium built in throughout the morning is somewhat easing. It would be tough to make a case for a fundamental rally in the metal. It apparently wasn't the final round of US-Iran talks, with the next round expected in Vienna on Monday. We are concluding a rough ... (full story)