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Silver prices exhibited positive movement yesterday, nearing the anticipated target of $28.55. However, current stochastic indicators suggest a bearish trend, with prices potentially testing the key support level of $27.62 before any further upward movement.
Given this bearish outlook, today’s trading may see the price moving towards $27.00 if the target level is surpassed. Conversely, breaking above $28.55 could drive prices up to $29.30.
The anticipated trading range for today is between $27.60 (support) and $28.55 (resistance).
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