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February 17, 2025

Gold and Silver Prices Face Possible Correction After Bearish Hammer

Gold and silver markets experienced a bearish hammer formation on Friday, signaling that prices may correct from their current overbought levels. Traders should monitor these signals closely, as they often precede price adjustments. This technical pattern indicates that selling pressure is mounting, and traders might adjust their positions accordingly. For investors looking for opportunities, this could be a crucial moment to consider the gold and silver markets more strategically. Keep a lookout for developments in this space.

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