KQMarkets

Silver - Short - Continued Downward Momentum

Penjualan
FX_IDC:XAGUSD   Perak / Dollar A.S.
We still hold a short view on Silver and are encouraged that the precious metal has continued it's downward momentum despite US dollar weakness and the impact of the 2nd wave of the coronavirus. Therefore we still expect Silver to reach support at around $21 in the coming weeks in particular as there appears to be less demand for safe haven assets in the wake of announcements of successful coronavirus vaccine trials.

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