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Silver prices have recently surged, surpassing the $28.55 mark and settling above it. This movement has halted the previously anticipated negative outlook and suggests a potential upward trajectory towards the $29.30 level. A breach of this level could push prices to the next target of $30.06. The bullish trend is supported by the EMA50 indicator. However, if prices fall below $28.55, the positive scenario could be invalidated, leading to renewed negative pressure.
For today, the expected trading range is between $28.80 support and $29.60 resistance.
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