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Silver prices encountered negative pressure at the market’s opening, testing the $31.00 level. However, the price has remained stable above this mark and has begun to rise, maintaining a bullish trend that targets the next key levels of $31.70 and $32.50.
To sustain this upward momentum, it is essential for silver to hold above the $31.00 threshold. A breach below this level could lead to a decline, with potential downside targets beginning at $30.06.
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For today, the anticipated trading range is set 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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