Silver Gains Traction: Short-Term Upswing Expected
● Silver continues to exhibit a robust uptrend, having recently touched an all-time high of 34.9 before retracing to its key support zone around 29.8.
● Following a successful bounce off this level, the metal is now regaining momentum, positioning itself for further gains.
● Notably, the immediate resistance level – aligned with the 50% Fibonacci retracement, just 3% above the current price – presents a prime short-term buying opportunity for traders to ride the anticipated upswing.
● Following a successful bounce off this level, the metal is now regaining momentum, positioning itself for further gains.
● Notably, the immediate resistance level – aligned with the 50% Fibonacci retracement, just 3% above the current price – presents a prime short-term buying opportunity for traders to ride the anticipated upswing.
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