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Silver prices are currently attempting to break through the $34.00 barrier, supporting the continuation of the expected bullish trend on both an intraday and short-term basis. The next target is set at $34.55.
However, current stochastic negativity may impede the bullish momentum, potentially leading to temporary sideways fluctuations before the anticipated upward movement resumes. This bullish outlook remains valid as long as prices do not break below $33.30 and hold there.
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For today, the anticipated trading range is between the support level at $33.70 and the resistance level at $34.55.
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Trend Forecast: Bullish
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