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SILVER PRICE ANALYSIS: XAG/USD EDGES HIGH AMIDST RISK-OFF IMPULSE, SHY OF $24.50

guntur360
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  • Silver notches a 0.60% increase, trading at $24.46, buoyed by a cautious market sentiment.
  • Technical analysis hints at potential for breaking the $24.50 barrier, targeting year-highs.
  • Downside risks loom if silver dips below $24.18, with critical supports at $24.00 and $23.57 in focus.

Silver climbs modestly as the New York session ends, registering gains of 0.60%, as XAG/USD trades at $24.46 after bottoming at around $24.24. A risk-off impulse pushed the grey’s metal price upwards amidst high US Treasury bond yields. Nevertheless, it remains below last week’s high of $24.50.


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