Silver prices are exhibiting positive movements, signaling an effort to resume the bullish trend anticipated for the day. This outlook is supported by the current positive momentum in the stochastic indicator. Analysts project initial targets at $31.63, with potential to extend gains toward $32.25 upon surpassing the first target.
However, sustaining this bullish scenario depends on Silver maintaining its position above the key support level of $30.63.
Today’s Trading Range
Support Level: $30.70
Resistance Level: $31.63
Trend Forecast: Bullish
Traders should watch for further gains as Silver builds momentum, with a breach of $31.63 opening the path to higher levels.
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