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Silver prices have recently tested the EMA50, which is providing solid support for the asset. Meanwhile, the stochastic indicator is gaining positive momentum, bolstering the likelihood of a price rebound toward the next target of $32.50.
Consequently, we maintain our bullish outlook for the upcoming period, unless the price breaks below $31.00 and holds there.
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The anticipated trading range for today is between a support level of $31.40 and a resistance level of $32.20.
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Trend Forecast: Bullish
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