2
Silver prices have successfully reached the first target of $31.00 and are currently attempting to breach this level, bolstering the likelihood of a continued bullish trend in both the intraday and short-term outlooks. Analysts predict a potential rise toward the next key target of $31.70.
Positive signals from the Stochastic indicator support the expectation of ongoing price increases. To solidify this bullish trend and prevent a reversal, the price must establish a support base above $31.00.
Today’s anticipated trading range is set between a support level of $30.00 and a resistance level of $30.90.
Related topic: