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Silver prices have recently approached the $28.55 mark, encountering significant resistance. Currently, the stochastic indicators are showing positive overlap, suggesting the possibility of a breakthrough above this level. If successful, silver prices could target additional gains, potentially reaching $29.30.
For the time being, the intraday outlook remains bullish. However, if the price fails to surpass the $28.55 resistance, it may experience a bearish pullback, potentially testing the key support level at $27.62 before making another attempt to rise.
Today’s anticipated trading range is between $28.10 for support and $28.90 for resistance.
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