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Silver prices are currently fluctuating around $27.00, with stochastic indicators showing a loss of positive momentum. This suggests a potential continuation of bearish trends, with the price expected to decline further towards the primary target of $26.12.
Given the current pattern within the bearish channel, we maintain a bearish outlook for the near term. A break above $27.62 would negate the anticipated decline and could lead to a recovery, with potential gains targeting the $28.55 region.
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Today’s anticipated trading range is between $26.50 on the support side and $27.50 on the resistance side.
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Trend Forecast: Bearish
