Silver prices reached and surpassed the anticipated target of $31.00, closing the daily candlestick above this level. This breach reinforces the expectations of a continued bullish trend in the short term, paving the way for potential targets at $31.50 and $32.00 as the next positive milestones.
The positive outlook for silver remains valid, bolstered by the EMA50 indicator. However, it is important to note that a break below $31.00 could subject the price to negative pressure, potentially driving it down towards the $30.06 level.
Expected Trading Range
The anticipated trading range for today lies between the $30.70 support and $31.55 resistance levels.
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