In the present video, David Jones from Capital.com provides his updated forecast for silver in January 2021, trying to answer the question: has the white metal resumed its upward trend after the recent pullback? He starts the video by discussing the recent price moves, reasons for them, and explains what fundamentals will be affecting silver in the near future. Next, David lists the major support and resistance levels. He then turns to technical analysis, showing charts and technical indicators, attempting to predict the next move of silver. In the end, David decides the pullback was a good buying opportunity and purchases silver, placing his stop-loss at $23.
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