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Silver prices have risen above the $29.30 level, signaling an upward trend for the remainder of the day. The immediate target is $30.06, with a potential to extend the bullish movement to $31.00 if this level is surpassed.
The 50-day Exponential Moving Average (EMA50) is providing positive support to the price. Conversely, a drop below $29.30 could introduce new negative pressure, with potential near-term targets at $28.55.
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Today’s expected trading range is between $28.85 and $29.65.
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Trend Forecast: Bullish
