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Silver shows signs of deeper weakness as focus turns to whether $71 support holds

Silver prices have slid to around $73 an ounce, approaching a key support level at $71 that the market is watching closely. On daily charts, $71 aligns with recent lows and a retest of a downtrend line, while a break could shift attention to $69. Technical indicators including RSI and Bollinger Bands point to weakening momentum. Higher U.S. inflation has reduced June rate-cut expectations, supporting the dollar and pressuring metals.