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Commentary
We still hold a neutral view on Silver and feel that non farm payrolls on Friday could trigger significant price action and enable us to form a directional view.
The precious metal has failed to consolidate above resistance around $28 over continued fears of rising inflation and the possibility of the FED raising rates.
Therefore a greater than expected payroll number could increase the odds of a FED rate hike and result in Silver prices breaking below support $26.6.