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SLV Trading Near $27.29 Resistance

Written By: ChartChamp

September 13, 2024

I shared my thoughts on how each asset class tends to perform after the Fed pivot, and surprisingly silver tends to trend down while gold tends to trend up. If this historical trend continues SLV is at risk of dropping down to retest the red resistance line around $21.30. The price has been struggling to break above the $27.29 resistance level, but there is some bullish momentum forming this week. There is also resistance at $28 to monitor for a break or rejection.

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