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Silver turns positive after again testing key support

From forex.com

Both gold and silver prices have been undermined recently by the ongoing rally in the stock markets, with investors preferring the racier equities over the perceived-haven metals. However, with the US dollar struggling for direction and global central banks all turning dovish recently, I continue to believe that the downside is limited for precious metals and a surprise recovery could be on the cards soon. As such, I am keeping a close eye on both metals for possible bullish reversal signals. Today, we may have seen a possible low form in silver, although further price action is needed to confirm this potential ... (full story)

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  • Category: Technical Analysis