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Silver prices have successfully breached the resistance line of the bullish pennant pattern, signaling a resumption of the anticipated upward trend for today. This breakout paves the way for achieving target levels beginning at $34.70, followed by $35.00. Additionally, positive signals from the stochastic indicator support the expectation of continued gains, which will remain valid as long as prices do not break below $33.45 and stay below that level.
The expected trading range for today is between the support level at $33.70 and the resistance level at $34.60.
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Trend Forecast: Bullish
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