Silver prices are showing strong positive momentum, nearing the initial target of $31.63. A successful breach of this resistance level could pave the way for further gains, with subsequent targets set at $32.25 and $32.86.
Bullish Momentum Continues
The bullish trend remains favored for the day, supported by positive stochastic signals. However, maintaining a position above the critical support level of $30.63 is essential to sustain upward momentum and achieve the projected targets.
Trading Range and Trend
Expected Trading Range: Between $30.70 (support) and $31.63 (resistance).
Trend Forecast: Bullish.
Traders should monitor the price action closely at $31.63 for signs of further bullish extension, while ensuring that $30.63 remains intact as support.
