3
Silver prices have stabilized above the $30.63 level, maintaining a bullish outlook for the day. However, the presence of negative momentum from the stochastic indicator could pose a challenge to further gains. Despite this, the expectation is for silver to gather sufficient positive momentum, potentially pushing prices toward the next key target of $31.63.
The continuation of the bullish trend hinges on silver remaining above the $30.63 support level.
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The anticipated trading range for today is between support at $30.70 and resistance at $31.60.
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Trend Forecast: Bullish
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