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Silver prices closed last Friday at $28.55, with current technical indicators presenting a mixed outlook. Due to the conflicting signals, it is prudent to await further confirmation of price movement before taking any action.
Should the price stabilize above $28.55, the positive outlook would be reactivated, potentially targeting $29.30 and then $30.06. Conversely, if the price falls below $28.55 and remains there, it may decline towards the near-term support level of $27.62.
For today, the anticipated trading range for silver is between $28.00 as support and $29.00 as resistance.
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