Silver: Can Buyers Break the $90 Ceiling Despite Rising US Yields? | Metals Mine

  • Silver: Can Buyers Break the $90 Ceiling Despite Rising US Yields?

    From dailyforex.com

    Silver has rallied a bit during the early hours on Wednesday as we are now approaching the $90 level. The $90 level of course is an area that a lot of people will be watching closely as it is a large round psychologically significant figure. But it's also worth noting that the 10-year yield in America is trying to get to 4.5%. That's extraordinarily high. So sooner or later one would have to think it comes into the picture to cause chaos.Overall, this is a market that I think does see a bit of a barrier just above and I think breaking above there would be a bit of a challenge. We could go looking to the $95 level, ... (full story)

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