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Silver prices experienced a notable increase yesterday, breaking through the $31.00 mark and closing the daily candlestick above this critical level. This movement signals a halt to the recently anticipated bearish trend and suggests the potential for a new bullish wave in both intraday and short-term trading. Analysts now target the next significant price levels at $31.70 and $32.50.
Maintaining a price above $31.00 is crucial for sustaining this upward momentum. A drop below this threshold could reverse the current trend, leading to a decline towards negative targets, beginning with the $30.06 area.
For today’s trading, the expected range is set between a support level of $30.90 and a resistance level of $31.80.
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