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Silver prices are currently under new negative pressure, hovering around the EMA50. The market awaits a strong positive catalyst to potentially breach the $31.00 mark, paving the way for further gains towards $31.50 and $32.00, which are our primary targets.
Overall, we maintain a bullish outlook for today unless the price breaks below $30.65 and holds below this level.
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The expected trading range for today is projected between support at $30.60 and resistance at $31.40.
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Trend Forecast: Bullish
