Silver price sees increased open interest in Comex contracts, a key indicator of fresh capital flowing back into the market, with $SI at $67-$71.

Entry: 67

Target: 71

Stop Loss: 63

The silver price is caught between two dominant forces, with the signing of a US-Iran peace memorandum and the reopening of the Strait of Hormuz easing energy-driven inflation fears, while the Fed's possible rate hike in December keeps a lid on things.

Not financial advice. Manage your risk.

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