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Silver prices surged significantly yesterday, surpassing the initial target of $29.30 and reaching the second target of $30.06. The momentum suggests the possibility of further gains, with a potential rise towards $31.00 if the $30.06 level is breached. The bullish trend is supported by the EMA50 indicator. However, if the price fails to maintain above $30.06, it may experience a pullback to test the key support level at $29.30 before any further rise.
Today’s expected trading range is between $29.60 and $30.50.
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