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CMS Daily Market Report 25th August 2022

Silver is up more than 1% since the start of the week and is now in the 19.28 range, supported by buyers at the lows . According to the price position in the 4-hour chart, the range of 19.40 to 19.70 is the most important leading resistance range and considering the downward trend of the price in the last week, the possible reaction of the sellers in this range is important .

According to the analysis, with the support of buyers on Wednesday, the downtrend of the euro stopped in the 0.99180 range and the currency pair is now in the 0.99940 range . Currently, buying in the range of 0.99580 is a low-risk option, and there is a possibility of continuing the corrective movement towards the range of 1.00770.

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