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Silver Price Analysis: Stalls at $80 as doji hints potential downside

Silver price falls more than 1% after gapping down over the weekend as pessimism overtook last Friday’s upbeat mood, as the Strait of Hormuz was closed and the US escalated tensions after seizing an Iran-flagged vessel. XAG/USD trades at $79.78, after reaching a daily high of $79.80.

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Silver price falls more than 1% after gapping down over the weekend as pessimism overtook last Friday’s upbeat mood, as the Strait of Hormuz was closed and the US escalated tensions after seizing an Iran-flagged vessel. XAG/USD trades at $79.78, after reaching a daily high of $79.80.