KQMarkets

Silver - Neutral Key Support Level Broken

FX_IDC:XAGUSD   Silver / U.S. Dollar
We had seen the Silver market going up but a break the key support level at $17.3 has seen prices move lower and given the volatile nature of the market we have a neutral view as we await further developments. We still see significant upside potential for the market but at this stage we can see the market falling below support at $15.5 in particular as the FED has indicated there should be no more rate hikes in future.

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