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XAGUSD 31 May 2023

XAGUSD 31 May 2023 on the daily timeframe, it looks like Silver is in a period of struggling seen on the Ichimoku indicator because it looks like the price is inside the Kumo cloud. Being at 23.093 and being bearish allows the price to drop back towards the Support line. If that happens, then go-short is an option. But if Silver is able to manage to reverse the trend, go-long position can be an option. Wait for further indications for a more precise decision.

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