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Silver Price Forecast: XAG/USD has a strong support at $40.50

Silver (XAG/USD) has reversed losses after bouncing at $40.50 earlier on Monday, with price action returning to levels right above $41.00.
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US Dollar Index Price Forecast: 100-day SMA remains a key barrier

The US Dollar Index (DXY), which tracks the Greenback’s value against six major currencies, trades 0.15% lower around 97.60 during the European trading session on Monday.
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