Silver prices opened today with a bullish inclination, aiming to reclaim their dominant upward trend. Analysts indicate that a breakthrough above $31.00 is crucial to confirm further upward movement, potentially pushing prices to targets beginning at $31.50 and extending to $32.00. This outlook supports a positive trajectory anticipated in the near future.
Technical indicators underscore favorable conditions for today’s trading session, bolstering expectations of continued ascent. However, a decline below $30.65 would interrupt the current bullish sentiment, potentially leading to initial tests near the $30.06 support level.
Market projections suggest a trading range between $30.60 as support and $31.40 as resistance for the day, highlighting key levels to watch amidst ongoing price developments.
Related topics: