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Silver prices exhibited stability yesterday, trading within a narrow range and settling above $29.30. This lack of significant movement does not alter the anticipated bullish trend for the near term. Support from the 50-day Exponential Moving Average (EMA50) suggests the price may aim for a target of $30.06. A break above this level could pave the way for a further rise to $31.00. For the bullish trend to continue, silver must remain above $29.30.
Today’s projected trading range is between $29.20 and $30.00.
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Trend Forecast: Bullish
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