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Silver prices experienced a sharp decline last Friday, falling from $28.55 to as low as $27.62. Currently, the market shows signs of recovery, driven by positive stochastic indicators, suggesting a potential bullish trend in the coming sessions. If the price can break above the $28.55 resistance level, it may advance towards $29.30.
However, if the price falls below $27.62, it could halt the anticipated upward trend and lead to further losses.
For today, the expected trading range for silver is between $27.75 and $28.55.
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