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Silver pressured at a 50% mean reversion

25 days ago   |   By FXCM

Silver capped in a 50% mean reversion, focus is on a test of 22 the figure.
Risk appetite improves yet silver pressured on tapering sentiment.
Silver is down on the session by some 0.30%, drifting from a high of $22.88 to a low of $22.49 despite a softer dollar and improved risk sentiment in broader financial markets.
The markets have corrected the moves related to the prior session's Federal Reserve whereby the dot plot further reinforced the Fed's hawkish tone, with market pricing for Fed hikes. However, the US dollar has been sold off on Thursday as global stocks rally while worries...
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