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Since peaking just above $16 in late January, the price of silver has moved into consolidation mode. In fact, in last week's update, I told you not to be surprised about any pullback going forward.
So far it's been a pretty mild correction in silver prices, which have dropped from a $16.07 peak to their current level near $15.65. Still, the precious metal is up 12% since November and has held up well despite recent strength in the U.S. dollar.