Silver have risen significantly today despite the US dollar strengthening over the past few trading session. This could be due to the recent sell off and increased volatility in equities as the precious metal is seen as a safe haven. However, we still see downside potential whilst prices remain below key resistance at $26.66 due to uncertainty surrounding the result of the $1.9 trillion stimulus package put forward by Biden.
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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.