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Silver is trading below the $52.25 resistance area, and this level is likely to limit the pace of the upside during today’s session.
|
Support |
49.30 | 47.10 |
| Resistance | 52.25 |
54.25 |
Silver experienced a notable rise in the financial markets, driven by growing market expectations that the Federal Reserve will cut interest rates next month, which boosted demand for precious metals as an investment safe haven. This optimism pushed silver prices higher after a period of fluctuations in recent days, especially amid weak U.S. economic data that supported the upward trend. Overall, the market conditions today were favorable for silver, with investors maintaining a strong appetite for safe haven assets.
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Technical Analyst & Economic Researcher at LDN Global Markets




