Silver price (XAG/USD) shifts auction above $23.00 after a sharp recovery as the ongoing conflicts between Israel and Palestine keep dem
Silver price climbs to near $23.40 as Middle East tensions keep safe-haven bid upbeat. The US continues to urge Israel for a delay in ground attack as it would dampen hostage negotiations. Silver price forms an Inverted Head and Shoulder chart pattern. A breakout of the same results in a bullish reversal. and for safe-haven assets upbeat.
50%, the central bank will keep doors open for further policy tightening. The market participants expect that consumer inflation will remain persistent as the labor demand is upbeat and consumer spending is robust. Silver technical analysis Silver price forms an Inverted Head and Shoulder chart pattern on a four-hour scale, which indicates a prolonged consolidation. A breakout above the neckline placed from September 22 high at $23.77 would result in a bullish reversal.
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