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Silver prices have found solid support at the $29.30 level, showing signs of positive movement. Technical indicators are beginning to signal potential upward momentum. However, it is advisable to remain cautious until the price confirms its direction by either breaching the $30.06 resistance or falling below the $29.30 support.
A confirmed break above the $30.06 resistance would indicate a resumption of the bullish trend, with potential short-term targets reaching $31.00. Conversely, if the price drops below the $29.30 support, it could lead to a decline towards the $28.55 level.
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The forecasted trading range for today is between the support level of $29.00 and the resistance level of $30.00.
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Trend Forecast: Neutral
