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txd102023
txd102023
Silver dropping back to the low $70s looks like the market finally cooling off after an unsustainable rally. A 140% move in such a short time was always going to hurt industrial demand sooner or later, especially for a metal heavily tied to manufacturing and tech. Unlike gold, silver doesn't have strong central bank buying supporting prices, so once momentum fades, volatility becomes brutal. The fact that analysts are now calling it overvalued tells me the market is shifting from hype back toward fundamentals. I still think long-term demand for silver stays solid because of solar and industrial usage, but short term the setup looks shaky with high rates and macro uncertainty still around. Personally, I wouldn't rush to buy here. Feels more like a stabilization phase than the start of another big rally.

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