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Silver Price Forecast: Stalls near $79 as doji halts rally
Silver price halted its advance as a ‘doji candle’ emerged near the 50-day Simple Moving Average (SMA) at $79.09, a sign of indecision amongst traders, whether to push prices towards the next cycle high at $90.01 —the March 10 high—, or challenge the 100-day SMA key support at $76.67. At the time of writing, XAG/USD trades at $79.38, down 0.12%. The technical picture shows that XAG/USD is trending steadily upwards, but a doji is opening the door to a pullback. Bullish momentum stalled, as depicted by the Relative Strength Index (RSI), which remains above its neutral level, but it has turned flat. For a ... (full story)