Silver Price Analysis: Highs locked in, focus is on the downside on break of $22.9600 – by fx_ross XAGUSD Silver Commodities DollarIndex
Silver bears are taking on the bullish correction that has so far made a 50% mean reversion of the prior bearish impulse.Silver has been on the back foot due to a rise in the US Dollar following hawkish outcomes from the central bank meetings this week.bears are on the prowl and have already tested a key area of the support structure. If the bears can fend off the bull's correction below $23.2070, then there will be near-term prospects of a downside continuation.
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