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Commerzbank reasserts bullish bias for silver


FXStreet/Staff/8-25-2021

graphic representation of an angry silver bull

“Given that the spike lower is viewed as an exhaustive move, we will for now maintain our longer-term bullish bias. Initial resistance is the $24.46 the 27th July low but tougher resistance is not encountered until 26.07, the current August high.”

USAGOLD note: Hopeful signs from Commerzbank …… Meanwhile, trading in the silver market has been volatile with major swings up and down a regular occurrence. It’s been a long time since we’ve seen the word “bullish” anywhere near the word “silver.”

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