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Silver prices closed last Friday at $28.55, reflecting uncertainty among technical indicators. As a result, it is advisable to adopt a cautious stance until the price confirms its trajectory relative to this key level and provides a clearer direction.
Should silver consolidate above $28.55, the positive outlook remains intact, with initial targets set at $29.30 and subsequently at $30.06. Conversely, a confirmed break below this level would likely lead to a decline toward $27.62 in the short term.
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For today, the projected trading range is between $28.00 for support and $29.00 for resistance.
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Trend Forecast: Neutral
