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Silver prices have struggled to maintain levels above $31.00, experiencing declines in recent sessions. Despite this, the EMA50 has provided crucial support, hinting at a potential bullish trend in intraday trading. Analysts anticipate a rebound towards gains, targeting levels starting at $31.50 and potentially reaching $32.00.
Key to sustaining upward momentum is holding above $30.65; failure to do so could intensify downward pressure, with the price potentially testing $30.06 before any recovery attempts.
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Today’s trading outlook suggests a range-bound movement between support at $30.60 and resistance at $31.40.
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