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Silver slowed down a bit, defending the level it is on. We see the consolidation that we have marked in the rectangle. Normally, a price exit in one direction will give us a signal to the possible direction. Today we have to bear in mind that this is the last day of the month and quite a lot of macro data with little impact on the market, but contract closing may be confusing. The funds will contain new items next week that will probably set the direction for us for the next few days or even weeks, so it is worth watching what happens after the price goes out to the designated area.

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