Metals Rally Capped By USD Recovery

Silver prices continue to trade higher within the broad bullish channel which has framed the rally off 2020 lows. Price recently broke above the bearish trend line from 2020 highs and above the 26.00 resistance.

While price holds above the 26.00 level, the near term bias remains bullish with bulls looking for a break above the 29.04 level next.

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