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Silver clears major hurdle

Discussion in 'Technical Analysis' started by FXStreet_Team, Apr 19, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    The pressure has been building for silver to explode higher in recent months and today it is finding itself up a good 2.8 per cent at $16.70 per troy ounce. The significantly weaker dollar has helped to underpin several buck-denominated precious metals and commodities of late, including gold, silver and crude oil. The US currency has depreciated because of receding expectations about interest rate rises this year. According to the Fed Fund Futures, the likelihood of a rate hike by December is

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