Silver needs to hold crucial support at $30/oz to maintain long-term bullish trend
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Silver's price must maintain a crucial support level of $30/oz to sustain its long-term bullish trend, according to market analysis.
December 18, 2024 | 6:15 pm
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The price of silver needs to hold a crucial support level at $30/oz to maintain its long-term bullish trend. This is significant for SIL, an ETF that tracks silver mining companies.
SIL is an ETF that tracks silver mining companies, and its performance is closely tied to the price of silver. If silver maintains its support at $30/oz, it could sustain a bullish trend, positively impacting SIL. However, the article does not provide new information or events that would cause an immediate price change, hence a neutral short-term impact.
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