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Silver prices closed below the $28.55 mark yesterday, reinforcing the anticipated bearish trend on an intraday basis. The next target for this downward movement is projected at $27.62. The bearish outlook is expected to persist, though some sideways fluctuations might occur until the stochastic indicator shifts from positive to negative momentum, potentially driving further declines. A breach of the $28.55 level could reverse this negative trend, leading to a price recovery.
For today, the trading range is forecasted between a support level of $27.90 and a resistance level of $28.65.
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