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Silver prices are currently exhibiting a slight bearish bias, settling below the $32.00 mark. However, stochastic indicators are showing signs of positive momentum on intraday time frames, bolstering the likelihood of a resumption of the primary bullish trend. Analysts are targeting $32.50 as the next key resistance level.
Support for the anticipated bullish movement continues from the 50-day Exponential Moving Average (EMA), which remains valid as long as prices do not break and sustain below the $31.00 level.
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The expected trading range for today is projected between a support level of $31.60 and a resistance level of $32.40.
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Trend Forecast: Bullish
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