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Silver prices have successfully reached our initial target of $31.00 and are now attempting to surpass this level. This strengthens the expectation of an ongoing bullish trend, with the next major target set at $31.70.
Positive signals from stochastic indicators support the continued rise, but it is essential for the price to establish a support base above $31.00 to ensure the bullish trend persists and prevent a potential decline.
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Today’s anticipated trading range is between a support level of $30.00 and a resistance level of $30.90.
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Trend Forecast: Bullish
