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Insert Currency in the 12 Month Sales Forecast

Insert Currency in the 12 Month Sales Forecast

Aug 6th, 2022

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How to Insert Currency in the 12 Month Sales Forecast

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In this analysis of the silver market, Chris from FX Empire notes that silver experienced a pullback, closing in the Futures pit on Friday. Key support levels are identified around $25 and $24.66-$24.75, which had previously acted as resistance. The formation of a hammer pattern suggests attempts to push prices higher, yet Chris advises against chasing silver at current levels, preferring a pullback to around $24. The outlook is tempered by anticipated weak industrial demand, indicating that silver may underperform compared to gold, though both are expected to move in the same direction overall.

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