Silver prices are currently facing downward pressure, testing the intraday bullish trend line on the chart. This is primarily due to the negative momentum observed in the stochastic indicator. However, the overall bullish trend remains intact as long as the $30.63 support level holds.
A positive catalyst is needed to drive prices above the $31.63 level, which would reinforce the bullish outlook and potentially push silver towards the next targets at $32.25 and $32.86.
Looking ahead, the bullish trend is expected to persist, but a break below $30.63 would invalidate this scenario and shift the price towards a potential decline.
The anticipated trading range for silver today is between $30.65 on the support side and $31.50 on the resistance side.
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