Silver Breaks $100, Eyes $120 Target as USD Weakness Fuels Rally

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Source: FXEmpire
Silver Breaks $100, Eyes $120 Target as USD Weakness Fuels Rally
Photo: FXEmpire
TL;DR Summary

Silver breaks above $100 and targets $120, with Fibonacci-based targets supporting a medium-term upside move. The rally is aided by a weaker USD amid a Fed-rate decision week and political headlines, though a USD rebound could cap gains. Technical charts point to a parabolic rise, suggesting the upside could unfold quickly, potentially within days.

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