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Silver (XAGUSD)- likely to retest its resistance

Silver (XAG):- A look at the below chart is indicating that the metal could face some pressure in near term. On the weekly chart, it is clearly visible that overall trend is down but psychologically metal is likely to Retest its resistance first which is at $16.30 mark. A downward sloping trend-line (Blue dotted line)



This post first appeared on EURUSD View – Long Term Hedging Ideas, please read the originial post: here

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Silver (XAGUSD)- likely to retest its resistance

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