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via fxstreet.comMarkets

Silver forecast: XAG/USD rallies to $52.00 on lower yields and weak dollar

FROM THE WIRE · FXSTREET.COM

Silver (XAG/USD) is one of the winners of the Republican defeat in the US midterm elections. The Precious metal has appreciated more than 4% on the day so far, reaching weekly highs at $52.00 after hitting a fresh one-year low at $48.62 earlier this week.

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MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bullishLower yields and a weaker dollar support precious metals, with silver up more than 4% on the day.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01Silver rose more than 4% on the day, reaching $52.00.
  2. 02The metal had hit a one-year low of $48.62 earlier this week.
  3. 03The text links the rally to the Republican defeat in the midterm elections.
NEWS IMPACT AND MARKET REACTIONChange from the reference price
SilverCOMMODITY:SILVERCommodity52.09 USD+0.15%today +4.70%Positive
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets

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