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Silver Forecast: Signs of Volatility Amidst Uncertainty

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Silver Market Shows Signs of Volatility Amidst Uncertainty

experienced a sharp decline during Thursday's trading session, briefly dipping below the 200-Day Exponential Moving Average. This market is known for its noisy behavior, and the current consolidation phase has added to the volatility.

Breaking above the 50-Day EMA may pave the way for silver to reach the $24.50 level and potentially even extend to the $25 level thereafter.Non-Farm Payroll report on Fridays Therefore, it is prudent to consider a combination of factors rather than relying solely on one economic indicator.

 

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