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Benzinga
Benzinga
Business
Mark O'Donnell

Weekly And Daily Technical Analysis For The Price Of Silver

silver

Why was there such a sharp decline in the price of silver in the second half of April and into May? And where could it potentially move next?

After taking out last year’s low just below $20.5 per ounce, silver has now slowly, but surely, retraced slightly higher. Now the price of XAGUSD is settled for the time being. Over the past few weeks, the price of silver has settled around $22.0 per ounce.

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