MarketIntel

Silver: Turning Point? πŸ”€πŸ”€πŸ”€

COMEX:SI1!   Silver Futures
We have reached the area around $28.935, where we expected the silver price to turn and move down South. If the price stays below that threshold there is no reason for us to change that expectation, though above that mark we would adjust the probability of the alternative scenario to 45%. In the longer run, we expect the silver price to fall below $24.04.

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