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Silver prices have confirmed a breakthrough of the $28.55 level, with the daily candlestick closing above this mark. This development establishes a new support base, suggesting potential for further intraday gains. The next target for silver is set at $29.30.
Support from the EMA50 further strengthens the bullish outlook. However, should the price fall below $28.55, it could decline towards an initial test of the $27.62 level.
For today, the anticipated trading range is between $28.30 on the downside and $29.20 on the upside.
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