CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 79% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 79% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 79% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Chart of the day - SILVER (26.02.2021)

09:20 26 February 2021

Silver has been quite resilient during the latest sell-off in gold triggered by rising yields. While gold has been trading lower throughout February, silver managed to gain and retest resistance at $28.00. However, price did not manage to break above and silver started to slump along gold. There is strong negative correlation between bond yields and gold, relation is not so strong when it comes to silver. In fact, silver has been ignoring rising yields up to now.

Taking a look at silver from a technical point of view, we can see that the nearest support to watch can be found at $26.15 - the lower limit of the Overbalance structure, recent local lows and upward trendline. Until a break below this support occurs, the ongoing pullback can be considered to be just a correction.

Source: xStation5

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