KQMarkets

Silver - Short - Downward Momentum

Short
FX_IDC:XAGUSD   Silver / U.S. Dollar
We have changed our Silver view from neutral to short as treasury yields have continued to rise despite the FED indicating in it's last press conference that rates will not be raised until the end of 2023. This has led Silver dropping significantly since then and we anticipate prices to challenge long term support at $20.8 in the coming weeks.

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