Silver prices are currently testing the key resistance level at $30.63, which warrants caution for upcoming trading. To maintain the bearish outlook, the price needs to remain below this level. If breached, however, the market could shift to a bullish trend with an initial target at $31.63.
On the downside, if the bearish trend persists, the next target for silver is at $29.63.
The anticipated trading range for today is between support at $30.00 and resistance at $30.85.
Trend Forecast: Bearish
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