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Silver Price Forecast: Slingshot to $150 as Volatility Alters the Market
Silver Price Forecast: Slingshot to $150 as Volatility Alters the Market
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BTCCSquare news:
Silver's price action is exhibiting a slingshot formation, with analysts eyeing a potential surge to $150. Market structure and liquidity signals suggest this volatility reflects repositioning rather than weakness. Rashad Hajiyev notes the metal could first test $105 before accelerating upward—a pattern consistent with momentum resets in high-participation phases.
Bitcoin's recent 5.15% pullback to $84,573 has rippled into precious metals, amplifying silver's swings. These sharp oscillations contrast with gradual dispersions, indicating structural absorption of volatility rather than capital flight. The market's ability to hold support NEAR $105 underscores underlying strength.
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