Silver Forecast for 2023

Silver Market Longer-Term Bullish Bias Maintained | Neal Bhai

Silver Market Longer-Term Bullish: “Silver saw complete rejection from the 200-day ma and sold off aggressively towards the long-term pivotal support at $21.87/17. It is considered to be a major band of support. Given that the market has spiked down to this area and recovered we will for now maintain our longer-term bullish bias.” 

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Gold prices

Gold Slightly Up After Big Downdraft Last Friday

Gold Silver Reports (GSR) — Gold Slightly Up After Big Downdraft Last Friday – Gold prices are slightly higher in early-afternoon U.S. trading Monday. The market saw a tepid corrective and short-covering bounce after sharp losses suffered on Friday that saw the yellow metal hit a six-month low. There was also some risk aversion in the marketplace today that might also be giving gold some mild support. August Comex gold futures were last up $2.00 an ounce at $1,280.40. July Comex silver was last down $0.025 at $16.45 an ounce.                      

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