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Silver prices have hit the $28.55 level, where they encountered significant resistance. With stochastic indicators showing a positive overlap, there is potential for silver to break through this resistance and aim for additional gains, targeting $29.30.
The intraday outlook remains bullish, but if the price fails to surpass the $28.55 resistance, it may face a bearish correction, testing the key support level at $27.62 before any further upward movement.
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Today’s anticipated trading range is between $28.10 for support and $28.90 for resistance.
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Trend Forecast: Bullish
