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Silver prices have repeatedly failed to break the $30.06 level, suggesting a possible downturn in the near future. The metal is likely to test the $29.30 mark, with a breach of this level potentially pushing prices down to around $28.55. Current stochastic indicators reinforce the expected decline. However, if silver manages to surpass $30.06, it could rise to approximately $31.00.
Today’s trading range is anticipated to be between the $29.30 support level and the $30.06 resistance level.
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