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Commentary
We still hold a short Silver view whilst prices remain below resistance at $26.6 despite the precious metal having upward momentum.
The 50 day MA has risen above both the 100 day MA and 200 day MA as the FED has indicated they would maintain their dovish stance on monetary policy in spite of rising inflation .
Additionally, a weaker US dollar has boosted Silver prices but an increase in treasury yields could see prices pullback sharply towards support at $20.8.