Silver's direction may change: Here is the analysts' new price forecast
Original headlineGümüşün yönü değişebilir: İşte analistlerin yeni fiyat tahmini
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Spot silver fell 2.58% on Friday to $48.77 an ounce as expectations of Federal Reserve rate hikes and a stronger dollar drove sharp selling in the precious metal. Analysts flagged $46.48 and $45.55 as the next downside levels if selling pressure persists. The move matters because it signals how Fed policy expectations and dollar strength are reshaping demand for non-yielding assets like silver. Market participants are now watching the critical support and resistance levels that will determine the metal's direction.
Muhabbit's AI wrote this summary in its own words from Dünya's report and translated it from Turkish. It can get details wrong, so check the source.
Named in this story
silver (XAG), Federal Reserve, US dollar
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