We have changed our view on Silver from neutral to short as we see downward potential for the precious metal due to news of a second corona virus vaccine from Moderna as well as uncertainty surrounding the size and timing of a US stimulus package. Therefore we anticipate prices moving lower over the coming weeks towards support at around $21 in particular given Silver's volatile nature.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.