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XAG/USD: technical analysis on 12.03.2015

Silver and gold continue losing ground owing to the appreciation of the US dollar. At the beginning of this week, XAG/USD dropped from 16.00 to 15.27. Today, silver has clawed back a part of losses and is currently trading at 15.60. The metal is very likely to start testing new local lows at about 15.05, but correction to a level of 15.95 is not excluded. 

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