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Silver prices, which encountered downward pressure yesterday and tested the $28.55 level, have rebounded positively today, settling above this level once again. The emergence of a positive signal from the stochastic indicator supports expectations for further gains. The price is likely to advance towards the $29.30 mark, with a potential breach of this level pushing it toward $30.06.
Conversely, if the price falls below $28.55 and remains there, it could halt the anticipated rise and lead to further declines.
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Today’s projected trading range is between $28.50 and $29.30.
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Trend Outlook: Bullish
