Silver has risen sharply from $21.89 (30th November 2020) to $27.92 (6th January 2021) and has corrected to find support at the 61.80% Fibonacci support from where it is rebounding. It would be prudent to say that silver could rise towards $25.90 and $26.25 if it sustains above $23.85.
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Risk Disclaimer:
Trading Forex or any CFD products may not be suitable to all investors and they must evaluate their risk appetite. The above article should not be construed as a trading or investment advice as it is solely for education and information purpose only. Trading might incur a loss of capital and hence investors might be required to gain further knowledge regarding the risks involved. Leverage should be used wisely.
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