Silver prices struggled to maintain levels above $31.00 in recent sessions, resulting in negative trades. However, the EMA50 has emerged as a key support, potentially safeguarding an anticipated bullish trend in intraday trading. Market analysts anticipate a potential uptick towards gains starting at $31.50, with a further target at $32.00.
The pivotal level to watch remains at $30.65; sustaining above this mark is deemed crucial for the continuation of the upward trajectory. A breach below $30.65 could expose the price to additional downward pressure, potentially testing the $30.06 support level before any recovery attempts.
Today’s expected trading range is seen between support at $30.60 and resistance at $31.40, highlighting key levels for market participants to monitor amidst ongoing price fluctuations.
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