KQMarkets

Silver - Short - Downside Potential

Short
FX_IDC:XAGUSD   Silver / U.S. Dollar
We have changed our view on Silver from neutral to short as we see downward potential for the precious metal due to news of a second corona virus vaccine from Moderna as well as uncertainty surrounding the size and timing of a US stimulus package. Therefore we anticipate prices moving lower over the coming weeks towards support at around $21 in particular given Silver's volatile nature.

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