Silver Poised for ‘Golden Cross’ Advance to Record $50: Technical Analysis

Bloomberg reported that some analysts expect silver prices to increase to $50 by October.

The market news is quoted as saying:

“The 50-day moving average is rising after the recent price gain and is looking like it will cross the 100-day moving average in the coming days, which will be a bullish technical signal,” said Mark O’Byrne, executive director of GoldCore in Dublin.

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