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Silver Price is gathering its gains preparing new bullish wave– Analysis-24-02-2026
Silver prices declined in limited corrective move in their last intraday trading, within a natural profit-taking phase after the previous bullish wave, without changing the overall technical outlook, and the price keeps its bullish support that comes from its stability above EMA50, accompanied by the continuation of minor bullish wave on short-term basis, indicating the stability of the bullish scenario valid until now.
This decline comes in the context of an attempt to unwind part of the overbought conditions on relative strength indicators, with the emergence of negative signals from there, to rebalancing momentum before resuming the upward move, so the stability above its dynamic support reinforces the recovery chances and extend the gains in the upcoming period.
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Gold prices are taking a breather- Analysis-24-02-2026
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