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Bloomberg: Silver technical analysis Silver price resumes its declining trend after a mean-reversion move to near the 20-day Exponential Moving Average (EMA) around $31.40. The white metal is expected to retreat to the November 14 low of around $29.70. The white metal weakened after the breakdown of the horizontal support plotted from the May 21 high of $32.50. The upward-sloping trendline from the February 29 low of $22.30 will act as key support for the Silver price around $29.50. The 14-day Relative Strength Index (RSI) oscillates in the 40.00-60.00 range, suggesting a sideways trend. submitted by /u/Denchock |
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Here we go: Brazil’s Congress will review a bill to create a Sovereign Strategic Bitcoin Reserve (RESBit). Proposed on November 25 by federal rep Eros Biondini, it suggests allocating $18B (5% of Brazil’s $335B reserves) to Bitcoin as a hedge against economic risks and volatility.
submitted by /u/XGramatik [link] [comments]