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XAG/USD: analysis and forecast on 17.03.2015

After the appreciation of the US dollar and fall in prices of precious metals, silver has stabilized slightly and is trading in a sideward channel of 15.50-15.80. Tomorrow we will be informed of Fed's decision regarding interest rates, that are likely to remain the same, as well as of FED's comments on monetary policy that will be particularly interesting. If there is the slightest hint about a delay in raising interest rates, the dollar will be under pressure. 


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