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Democratic presidential candidate Hillary Clinton speaks to supporters with her husband former President Bill Clinton at her side after being projected as the winner in the Nevada Democratic caucus, in Las Vegas, Feb. 20, 2016. David Becker/Reuters

UPDATE: 7:20 p.m. EST – Vermont Sen. Bernie Sanders looked ahead to other races in his concession speech in Nevada Saturday afternoon. Sanders said his campaign was ready to be a part of “one of the great political upsets in the history of the United States" when the Democratic Party holds its convention in Philadelphia in July.

Sanders congratulated former Secretary of State Hillary Clinton on her victory in the Silver State but also took a shot at her campaign saying he is fighting against support coming from “Wall Street and wealthy special interests." He highlighted familiar issues in his speech including income inequality and his large base of small value campaign donors.

The Vermont politician also worked to orient his campaign towards upcoming Super Tuesday races in his speech. "The wind is at our backs. We have the momentum,” Sanders said, reported the Los Angeles Times. Sanders’ campaign is next headed to South Carolina where the Democratic primary will be held Feb. 27.

UPDATE: 6:50 p.m. EST -- Former Secretary of State Hillary Clinton told her supporters during her Nevada caucus victory speech Saturday that it was she -- and not her Democratic rival, Vermont Sen. Bernie Sanders -- who could effectively change the culture on Wall Street, a platform that Sanders has primarily campaigned on this election season.

"Wall Street can never be allowed to threaten Main Street again," she told the crowd. "We see so much in this country that isn't working the way it should," she said, then added: "Americans have a right to be angry, but we're also hungry for solutions."

Meanwhile, a Sanders campaign spokesperson tried to look on the bright side of the senator's loss in Nevada, saying the results reflected "tremendous progress," the Washington Post reported.

UPDATE: 6:35 p.m. EST -- Bernie Sanders may have lost to Hillary Clinton in Saturday's Democratic caucus, but an email to his supporters after the loss was less than an all-out concession message. The close results in Nevada -- alongside a close call in Iowa and a big win in New Hampshire -- have clearly bolstered the campaign's confidence.

Nevada Democratic Caucus Results

Clinton claimed victory in a tweet.

UPDATE: 6:10 pm. EST -- Hillary Clinton, after winning the Nevada Democratic caucus, was set to deliver a victory speech. Vermont Sen. Bernie Sanders reportedly called her to congratulate her on her victory.

COMING UP: @HillaryClinton to speak at rally after #NVDemsCaucus win https://t.co/GqbFL4smwp pic.twitter.com/ehmhge5h4K

— CBSN (@CBSNLive) February 20, 2016

I am very proud of the campaign we ran. Five weeks ago we were 25 points behind and we ended up in a very close election.

— Bernie Sanders (@BernieSanders) February 20, 2016

I want to thank the people of Nevada for the support they have given us and the boost that their support will give us as we go forward.

— Bernie Sanders (@BernieSanders) February 20, 2016

Sanders called Clinton to congratulate her on her #NVDemsCaucus victory. Clinton to speak shortly. Watch https://t.co/uR4EHLX1PZ

— CNN Breaking News (@cnnbrk) February 20, 2016

UPDATE: 6:03 p.m. EST -- Hillary Clinton, after winning Saturday's Democratic caucus in Nevada, changed her Twitter profile photo to thank Nevada for supporting her and she apparently wants the sentiment to be reciprocated. She tweeted asking for supporters to congratulate her shortly after her victory was announced. The campaign provided a number to tweet congratulations to, which is a way for the campaign to amass phone numbers of supporters.

Text CONGRATS to 47246 to tell Hillary you’re proud to be on her team today. pic.twitter.com/6lCdSC6Hzz

— Hillary Clinton (@HillaryClinton) February 20, 2016

UPDATE: 5:45 p.m. EST -- The Associated Press officially called Nevada's Democratic caucus in favor of former Secretary of State Hillary Clinton on Saturday. She beat Vermont Sen. Bernie Sanders in the state, making it her second win of the nominating season.

BREAKING: Hillary Clinton wins the Democratic caucuses in Nevada. @AP race call at 5:15 p.m. EST. # Election2016 # APracecall

& mdash ; The Associated Press (@AP) February 20, 2016

Original story:

Former Secretary of State Hillary Clinton won the Nevada Democratic caucus Saturday, multiple news outlets reported. Results showed a close vote, with 52.2 percent breaking for Clinton compared to 47.8 percent for Vermont Sen. Bernie Sanders, with nearly 70 percent of precincts reporting.

Early exit polls suggested young voters preferred Sanders by an overwhelming majority, with 80 percent of voters 17 to 29 years old supporting the senator, CBS News reported. Among Hispanic voters, who supported Clinton in 2008 by a wide margin over then-Sen. Barack Obama, Sanders led with 55 percent of that demographic. Clinton maintained a lead over Sanders with women; however, Sanders had a nearly equal lead with male voters.

The question of whether or not Clinton could make inroads with millennial voters has been a big topic of discussion since Sanders beat her with those voters in New Hampshire by a wide margin. The primary in the Granite State proved to be a major win for Sanders as he beat Clinton by a near-historic margin with upward of 20 percent more of the electorate there breaking for the “outsider” Sanders. Just a week earlier, Clinton squeaked by Sanders to win the Iowa caucuses, showing for the first tangible time how vulnerable her prospects of winning the Democratic nomination — which were once considered to be almost inevitable — had become.

In the weeks since Sanders’ strong showings in the two states, he has also narrowed the gap in averages of national polls. Clinton’s lead has shrunk to just 5.6 percent over Sanders, according to Real Clear Politics . That’s a stark contrast to Clinton’s overwhelming lead a year ago when she took in 59.1 percent of Democratic support compared to Sanders’ 3.4 percent of the Democratic primary vote.