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November 20, 2024

Silver Prices Decline Below 31 as Safe-Haven Demand Dwindles

The price of silver (XAG/USD) has corrected below the $31.00 mark during European trading hours on Wednesday after encountering resistance near $31.50. Selling pressure has emerged, partly due to decreasing safe-haven demand amidst ongoing geopolitical tensions in Eastern Europe, particularly the Russia-Ukraine conflict.

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