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Silver prices have broken below the $27.62 level and closed the daily candlestick beneath it, strengthening the expectation of a continued bearish trend in the coming sessions. The price is approaching the initial negative target of $27.00, with further declines anticipated towards $26.12 as the next potential support level.
The bearish channel reinforces the continuation of the current downtrend, provided that the price remains below $27.80.
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For today, the expected trading range is between $27.15 support and $27.95 resistance.
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Trend Forecast: Bearish
