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November 14, 2024

Silver Price Forecast: XAG/USD drops to nearly two-month low, 100-day SMA breakdown in play

Silver (XAG/USD) attracts some follow-through selling during the Asian session on Thursday and drops to its lowest level since September 19 in the last hour. Bearish traders now await a sustained break below the $30.00 psychological mark before positioning for an extension of the recent sharp retracement slide from a 12-year peak touched last month.

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