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Silver Forecast: Drops to Kick Off the Week
Silver experienced a significant downturn during the Monday session, reflecting a period of heightened turbulence in the market. All factors considered, it is evident that the $24 region has posed formidable resistance, and the formation of a substantial shooting star on Friday underscores the possibility of an excessive surge in prices. As a result, it is reasonable to infer that a retracement was due. Notably, the market currently finds itself in proximity to the 200-Day Exponential Moving Average, with the 50-Day EMA also situated nearby as well. These moving averages exhibit a relatively flat trajectory, which ... (full story)