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Silver prices concluded yesterday on a positive note, successfully breaching the $31.00 mark and closing the daily candlestick above this level. This movement halts the previously suggested bearish trend and sets the stage for a new bullish wave in both the intraday and short-term outlook. The next targets for silver are set at $31.70, followed by $32.50.
Maintaining a position above $31.00 is crucial for sustaining the anticipated upward momentum. Conversely, a drop below this level could trigger a decline, with negative targets beginning at the $30.06 area.
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The expected trading range for today is between a support level of $30.90 and a resistance level of $31.80.
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Trend Forecast: Bullish
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