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Silver Update: Potential for a Big Move

When silver breaks through this resistance at the 200 DMA, the price could move higher very quickly to $30 and potential to move even higher to $50/oz, less chance of that. Silver can move in a very big way in a very short period of time. The longer the price base, the bigger the coming move in silver -- we are well over a year in a base formation phase. 

 

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