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Silver Continues to See Buyers despite Rates Jumping
Signs of exhaustion I think get sold into. Ultimately, this is a market where I still believe there are some opportunities to go to the upside, but I will prefer to see a little bit of value if we get some type of pullback. The $80 level is an area that I think will end up being supported and I'll be watching that closely, not only due to the fact that it's the $80 level, but it's also just above the 50-day EMA. If we break down below the 50-day EMA, then it opens up the possibility of a move down to the $70 level. I think that probably is accompanied by stronger interest rates. With this being the case, I think ... (full story)