Silver prices stayed close to an 11-month high on Wednesday, DailyFX reported.
As quoted in the publication:
- The short-term trend remains bullish above the April 13 low of $16.02, while yesterday’s high of $17.25 is a near-term resistance level.
- One of the factors cited as supporting silver prices while gold has remained trapped to its range of around two months, is relative positioning between silver and gold.
- U.S. Existing Homes Sales are on deck today and expected to rise by 3.9% MoM from -7.1% in February.
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