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ARby u/arjunrao·2hAnalysis

Thoughts on $SLV trajectory for month-end

I've been watching $SLV closely today, dropping to 51.78 at its low, now trading around 52.16. Given the broader market's hawkish interpretations of recent Fed rhetoric, I'm leaning towards continued pressure on precious metals. I'd put the odds at about 65% that we see $SLV close the month below 51.50, especially if we get any more strong labor data or CPI numbers that reinforce higher-for-longer rate narratives.

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