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Silver Price Forecast: XAG/USD struggles at $24.00, bears eye $23.50

1 month ago   |   By FXCM

Silver is steady seesawing around $23.75, waiting for a catalyst.
Mixed market sentiment, but slightly downbeat, triggered by the Chinese economy's deceleration.
XAG/USD daily and hourly charts support a bearish bias in the white metal.
Earlier in the New York session, XAG/USD reached a high of $23.91 but, as the New York stock market opened, the white metal retreated the move trading at $23.79 down a decent 0.27% at the time of writing.
The market sentiment remains mixed but slightly downbeat. During the Asian session, data showed that the Chinese economy keeps slowing down. China's...
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