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Silver prices opened today with increased downward pressure, breaking the crucial $30.63 support level and settling below it. Analysts predict further declines on an intraday basis, with a target of $30.06 in the upcoming sessions.
The market sentiment remains bearish for today. However, a rise above the $30.65 mark, followed by a breach of $31.00, could halt the expected downturn and allow prices to resume their overall bullish trend.
Today’s anticipated trading range is projected to be between a support level of $30.10 and a resistance level of $30.80.
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