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Silver is ready to test key resistance at 29.86. When it breaks this level, silver will move higher to the all-time high at 49.83. Ultimately silver should break above here too for a rally closer to 100.
Support is now seen at 27.46 that ideally should be able to protect the downside.
Trading recommendation:
Buy silver for a test of 29.86 and ultimately a break above here too for a continuation towards 49.83
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