Silver Price Forecast: XAG extends lower low sequence, eyes on $55

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Summary · why it matters

Silver prices collapsed nearly 2.50% on Wednesday as risk aversion drove traders towards buying the US Dollar, to the detriment of precious metals. At the time of writing, XAG/USD traded at $58.41 after waking at around $61.03.

Impact on assets 1

Others▼ · 1 stocks
⛏Silver Futures
SILVER
▼ NegativeDemandrelevance

Risk aversion drives traders to US Dollar, hurting precious metals demand.

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