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Technical Analysis: Spot silver prices are still under pressure below the 50-day Moving Average
Gate News bot message, Analysts from Economies com latest view today: In the previous daily trading session, Spot silver closed at a high level, stabilizing positively after touching our set $35.30 support level, with momentum pushing prices to attempt to recover some of the fall, supported by the positive signal on the Relative Strength Index (RSI). Despite a strong pump, prices continue to move along the short-term support trend line, and due to trading below its 50-day Moving Average (EMA50), prices still face pressure.
Source of news: Golden Ten