Silver prices dived more than 2% on Monday as US Treasury yields gained traction.
Silver Price Analysis: In consolidation, though appears to be peaking around $24.00.
Silver prices appear to have peaked following Monday’s price action, with the white metal unable to hold to the $24.00 figure, collapsing as low as $22.76, beneath the 50-day Exponential Moving Average (EMA) at $22.93, though trimmed some of its earlier losses. Nevertheless, the XAG/USD is still down 2%, exchanging hands at $23.44.
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