Articles
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SILVER - Weekly Report
After dipping below the ascending trend line shown on image, silver found support at 23.25 level, which is a previous low and key horizontal support. The bearish scenario continues to be favored, and a break below the aforementioned support at 23.25 would confirm further downside, eying the recently recorded lows at 22.00 as the next main downside target.
Based on the charts and explanations above, we prefer to short silver below 24.00, targeting 23.25, 22.85 and 22.05. Stop loss above 24.65
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