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Silver prices are currently fluctuating around the 50-day Exponential Moving Average (EMA50), maintaining consolidation above the $31.00 level. This trend reinforces a positive outlook for the intraday period, with expectations for a potential rise towards $31.70, followed by the key target of $32.50.
The Stochastic indicator is showing signs of gathering positive momentum, which supports the expectation of further price increases. It is crucial for silver prices to hold above the $31.00 mark to achieve the projected targets.
Today’s anticipated trading range for silver is between a support level of $30.90 and a resistance level of $31.80.
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