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The price of silver is currently hovering near the 25.00 barrier, exhibiting fluctuations as it endeavors to initiate a fresh bullish wave. This development reinforces expectations of sustaining the primary bullish trend, with a particular focus on targeting levels at 25.50 and 26.07 as the next significant milestones.
The bullish sentiment is expected to persist on an intraday basis, supported by the EMA50. It remains imperative for the price to maintain levels above 24.60 to realize the projected targets effectively.
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Today’s anticipated trading range is projected between a support level of 24.80 and a resistance level of 25.50.
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Trend Forecast: Bullish
