On Monday and Sunday, the silver market did not fall further due to the slowdown in the rise of the US dollar. The overall market remained fluctuating due to low levels, and the silver price stabilized above the US dollar. The dollar surged last week as investors bet that President-elect Donald Trump's fiscal stimulus plan would push up inflation. But as the dollar's gains took a breather on Monday, silver prices also regained some ground. The dollar rose against a basket of major currencies for a straight session. Traders said the fall in silver prices also attracted some physical consumers back to the market
< , /> However, market analysts pointed out that bond yields soared after Trump was elected, pushing up real interest rates. Bad for precious metals. Silver has been hit hard on the technical front, and the 2020 bull market may be over. History shows that if the price of silver breaks below, it can quickly fall to even USD. Unless silver holds its current position, the 2020 bull market is over. The current signs are biased towards the bearish side, heading lower in the coming months. This may be attributed to changing fundamentals and potential gains in the dollar. Investors are advised to sell on the next rally and look for better buying opportunities in late winter.
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