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Silver crashes below $60 from $122 and enters oversold zone. What should you do?

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Summary

Silver’s sharp rally has reversed amid expectations of higher US interest rates, rising bond yields and a stronger dollar. HSBC expects limited upside as weaker demand, increasing supply and a narrowing market deficit reduce the chances of the metal returning to $100 soon.

Description from Times of India.

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    Silver crashes below $60 from $122 and enters oversold zone. What should you do?

    Silver’s sharp rally has reversed amid expectations of higher US interest rates, rising bond yields and a stronger dollar. HSBC expects limited upside as weaker demand, increasing supply and a narrowing market deficit reduce the chances of the metal returning to $100 soon.

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