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Eurozone inflation appears to be moderating

Eurozone inflation appears to be moderating. While a final figure isn't available yet, a flash estimate for March shows annual inflation down to 2.4%, compared to 2.6% in February. This suggests some relief from rising prices, though it's still above the European Central Bank's target of 2%.
Silver can be a compelling alternative to gold as a hedge against inflation in Europe. Its industrial uses can make its price more volatile, but rising economic activity and inflation can also boost demand for the metal. With a lower price point than gold, silver might be more accessible for some investors. However, it's important to remember that silver's historical performance as an inflation hedge hasn't been quite as strong as gold's.
Tip. Silver's outlook is cautiously optimistic in the short term. Our algorithms gave us Buy signal with possible goal around 41. The recent rally might be followed by some consolidation or a pullback. However, strong industrial demand and its role as a precious metal could provide support.
Important Note: This analysis is based on readily available technical indicators and should not be considered financial advice. Always conduct your own research before making any investment decisions.
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