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Silver prices have decisively breached the $28.55 level, closing above it yesterday and setting the stage for anticipated gains in the near term. The next key targets are expected to be $29.30 and $30.06.
The price’s movement above the EMA50 supports the bullish outlook, which will remain intact unless the price falls back below $28.55 and maintains a position under this level.
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Today’s expected trading range for silver is between $28.50 support and $29.40 resistance.
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Trend Forecast: Bullish
