Silver Double Bottom Support Breakpoint, Near the $21.50 key

Silver

Silver (White Metal) witnessed a short-covering bounce on the last day of the week and recovered a part of the overnight slump to its lowest level since July 2020. The recovery momentum extended through the early European session and pushed spot prices back closer to the $21.00 round-figure mark.

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Silver MCX Tips Today 01-04-2021 | Silver All Target Hit

Silver MCX Tips Today

The correction in Gold and Silver has continued at the start of the new trading week. The price of Gold lost more than 3% yesterday, slipping below the $4,000 per troy ounce mark for the first time in three weeks. Today, the price fell further to below $3,900, Commerzbank’s commodity analyst Carsten Fritsch notes.

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