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Short

Silver Turns Bearish Again – Watch 47.50 Support Closely

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Pretty similar to Gold, Silver also failed to break above resistance yesterday and started to roll back down.
A few hours ago, the price touched short-term support and is now seeing a minor rebound.

However, the structure has clearly turned bearish, with lower highs confirming momentum exhaustion.
If 47.50 support breaks, a visit to 45.50 becomes highly probable — and even a test of the psychological 45.00 level shouldn’t be ruled out.

My strategy is to sell rallies, ideally near intraday resistance, following the medium-term bearish bias.

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