4
Silver prices have opened with a negative bias, moving away from the $30.63 level and continuing their decline. The initial target is $29.63, and a break below this level would confirm the negative formation, potentially leading to further losses in the short term.
The EMA50 continues to support the bearish outlook. However, a break above $30.63 would reverse the negative trend, allowing for a potential recovery.
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The expected trading range for today is between $29.65 (support) and $30.60 (resistance).
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Trend Forecast: Bearish
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