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Silver prices experienced a decline in recent intraday trading, aiming to consolidate the gains from previous rises while seeking positive momentum to facilitate a potential recovery. This pullback is an attempt to address the overbought conditions on the Relative Strength Index (RSI), which has shown early signs of negative divergence.
This performance comes amid the ongoing dominance of a bullish correctional trend on a short-term basis, with prices trading alongside the bias line. Silver is currently finding support at the EMA50 following its recent decline, which has contributed to its stabilization.
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