XAG/USD Price Forecast Today, Technical Analysis (January 23): Silver Falls Hard on Thursday

The silver market fell rather hard during the early hours on Thursday as we continue to see a lot of concerns about interest rates, the US dollar strength, and of course, industrial demand for silver itself. Silver of course has underperformed gold for some time now, and I think that will end up being the reality for the foreseeable future. That being said, it looks very consolidation related, and I think it’s going to be a while before we see a longer-term move.

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