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Forex

Silver Stagnant Ahead of Central Bank Decisions

Guavy AI Editorial Team
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USD JPY GBP
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Silver prices are stable at the start of the week, hovering around $64.00 due to cautious market sentiment ahead of central bank events.

The US Federal Reserve's rate decision on Wednesday, followed by the Bank of England and Bank of Japan meetings on Thursday and Friday respectively, will provide key cues for investors about future policy paths.

From a technical perspective, Silver holds below its 200-period Simple Moving Average at $64.91 and the 38.2% Fibonacci retracement at $64.78, maintaining a bearish bias.

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