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Silver prices opened today with positive momentum, initiating a test of the $32.00 threshold. This movement reinforces expectations for a sustained bullish trend in the upcoming sessions, with a target of reaching $32.50. Analysts note that a successful breach of this level could further extend the bullish wave, potentially pushing prices to $33.00.
The 50-day Exponential Moving Average (EMA50) is providing support for this anticipated bullish trend. However, it is essential for the price to remain stable above the $31.00 mark for the bullish outlook to remain valid.
Today’s expected trading range is set between a support level of $31.70 and a resistance level of $32.60.
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