Silver - Breaks Above Long Term Resistance

Jul 23, 2021

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Silver - Breaks Above Long Term Resistance by KQMarkets on TradingView.com

Commntary

Silver has surged through long term resistance above $21 and has nearly doubled since March lows and could move higher if equities lose upward momentum and investors flee towards safe haven assets.

Additionally, the precious metals could continue to rise for the rest of the year in particular due to a weak US dollar and it being extremely unlikely that the FED raises rates.

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