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Silver prices remained above the $29.30 level and exhibited positive trades yesterday evening, indicating potential gains on an intraday basis. The first target for this bullish trend is testing the $30.06 mark.
For today, a bullish bias is anticipated. If silver breaches the $30.06 level, it is expected to climb further towards $31.00. However, a drop below $29.30 would signal a return to a correctional bearish trend, potentially leading to an initial target of $28.55.
Expected Trading Range
The expected trading range for today is between $29.25 support and $30.10 resistance.
Related topics:
Silver Prices Show Positive Momentum, Eyeing $30 Mark
Silver Prices Maintain Bearish Outlook as Resistance Holds Firm