KQMarkets

Silver - Still Neutral Below Key Support

FX_IDC:XAGUSD   Prata/Dólar Americano
We still have a neutral view on Silver and wouldn't want prices to consolidated above key support at 17.2 before being confident that there will be continued upward momentum. Silver dropped as the coronavirus situation worsened indicating that it doesn't have much appeal as a safe haven certainly compared to Gold but a greater probability of further FED rate cuts following today's emergency cut could support prices.

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