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Silver prices have surpassed the $29.30 mark, signaling a potential further rise as the metal approaches the $30.06 level. A breakthrough at this resistance point could validate the upward trend and lead to additional gains, potentially reaching $31.00.
Support from the 50-day Exponential Moving Average (EMA50) reinforces the likelihood of continued price increases. However, a decline below $29.30 could halt the bullish momentum and shift the trend downward.
For today, silver is expected to trade within a range of $29.35 to $30.10, with $29.35 serving as support and $30.10 as resistance.
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