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Silver prices experienced significant downward pressure yesterday, dropping to the $33.70 level. The trend continues today, pushing prices further into a corrective bearish trajectory, with initial targets set at $33.04.
Market analysts anticipate continued negative trading throughout the day. However, if prices manage to consolidate above $33.70, this could halt the downward momentum and allow for a potential resumption of the main bullish trend.
The anticipated trading range for today is projected to be between the support level of $33.25 and resistance at $33.95.
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