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Silver (XAG/USD)

Silver Consolidates Below $50 After Sharp Sell-Off


Silver fell below the $50 mark following Tuesday’s sharp sell-off but maintains a bullish technical structure within its pitchfork channel. Despite volatility, industrial and monetary demand keep the broader uptrend intact.


Key Levels: Support at $47.716 | Resistance at $52.404
Investor Takeaway: RSI above MA line trending upward with emerging MACD buying pressures; consolidation offers re-entry potential within bullish structure.