The technical analysis of silver revealed important signals that deserve attention. Scott Melker, known producer of The Wolf Of All Streets Podcast, highlighted a significant increase in the trading volume of the precious metal, suggesting imminent movement. The analyst identifies a possible formation of a bearish pattern on the 50-period moving average. If this technical level is broken downward, projections point to a decline toward values below $50, aligning with the analyst's previous forecasts for silver. This scenario warrants monitoring by investors interested in the metal, often referred to as the devil's gold in the markets.

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