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Silver prices have confirmed a breakout above $29.30, propelling them towards further gains. The metal is currently approaching the $30.06 mark, with expectations that surpassing this level will solidify the uptrend and push prices towards the $31.00 target.
Support from the 50-day Exponential Moving Average (EMA) underpins the current bullish momentum. However, a drop below $29.30 could reverse the upward trend, potentially leading to a decline.
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Today’s anticipated trading range for silver is between $29.35 on the support side and $30.10 on the resistance side.
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Trend Forecast: Bullish
