Silver tests double-top zone after 60% run; analyst cautious

Silver tests double-top zone after 60% run; analyst cautious

Silver has surged nearly 60% in six months, but charts show a possible double-top pattern that often signals a downturn. Analyst Ole Hansen said silver must hold above $48.92 to avoid a bearish setup and ideally stay above $50. He added that a rebound near $51 would mark a strong bullish signal as safe-haven demand remains elevated.

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