Silver Prices Remain in a Consolidation Mood

As of yet this year silver prices appear to be range trading at around the $30.00/oz level. Gold prices have been under considerable selling pressure which in turn has tended to cap any rally that silver could muster.

Highlights from market news:

– Price of silver has fallen below 200dma which has become a resistance level for silver

– Occasional signs of a modest, fragile recovery in some parts of the world which may in turn support silver prices

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