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Silver - Neutral

Feb 18, 2021

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Silver - Neutral by KQMarkets on TradingView.com

Commentary

We have changed our Silver view from short to neutral as prices have consolidated above resistance at 26.6 on the back of the reddit short squeeze and potential increased industrial demand as covid vaccines are rolled out globally.

This could explain why Silver has outperformed Gold in recently and the Gold Silver ratio moving considerably lower as we await Markit manufacturing PMI later today for any significant price action.

 

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