Silver Price Forecast: Slips below $34 as USD strength pressures metals
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Silver prices have consolidated below $34, experiencing a 0.68% decline due to US Dollar strength. Technical analysis suggests potential for price recovery if key resistance levels are breached, while downside risks remain if support levels are broken.
March 21, 2025 | 12:15 am
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Silver price movement is constrained by USD strength, with technical indicators showing mixed signals. Potential for price movement depends on breaking $34 resistance or falling below $33 support.
The article directly discusses XAGUSD price dynamics, highlighting technical and macroeconomic factors influencing its movement. USD strength is the primary short-term price driver.
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