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Silver prices demonstrated notable gains yesterday, confirming the activation of a positive trend in intraday trading. The price exceeded the initial target of $34.25 and is now poised to approach the next key target of $34.85.
Looking ahead, further increases are anticipated in the upcoming sessions, supported by the 50-day Exponential Moving Average (EMA50). However, a break below $33.70 could shift the momentum towards a corrective bearish phase, with an initial target set at $33.04.
Today, the expected trading range for silver is between a support level of $34.00 and a resistance level of $34.90.
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