Silver Hits Three Week High, Future Outlook Remains Mixed

Silver Hits Three Week High, Future Outlook Remains Mixed
2021-04-15 17:00:00
Izaac Brook,
Silver Talking Points:
Silver hit a fresh three week high above the 25.80 level.
The metal had hit its lowest point since December at the end of March, around the 24.00 level.
Overall, precious metals have struggled in 2021 as US yields have moved higher.
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Silver Hits Three Week High, Future Outlook Remains Mixed
Since hitting a multi-month low around the 24.00 level at the end of March, Silver has been attempting to stage a rebound. The precious metal briefly rose above the 25.50 level on April 8th before meeting resistance and dropping lower. The metal is rallying again following strong retail sales and jobless claims numbers from the US, breaking back above the 25.50 level to an intraday high above 25.80. This level is Silver’s highest point since March 22nd, marking a three week high for the precious metal.

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