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Silver prices experienced a significant increase yesterday, surpassing the anticipated target of $31.70. The market rallied, reaching the $32.00 barrier and making efforts to maintain this position. This momentum suggests a potential continuation of the upward trend, with new targets aiming for the recent high of $32.50.
The bullish trend remains intact for both intraday and short-term trading. However, it is important to note that if prices fall below $31.00, the bullish rally could be halted, leading to a potential shift back into a bearish correction.
For today, the expected trading range is projected to be between a support level at $31.70 and a resistance level at $32.60.
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