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Home Investing in Gold Silver Price Trends Lower: Key Levels to Watch

Silver Price Trends Lower: Key Levels to Watch

by Barbara

Silver prices have confirmed a downward trend, following a close below $29.30 last Friday. This development reinforces the outlook for further bearish corrections in the near term, with a potential target of $28.55. Should the price fall below this level, it may extend losses toward $27.62.

Stochastic indicators are showing a loss of positive momentum, aligning with expectations for continued declines. However, a rise above $30.06 could halt the bearish trend and potentially set the stage for a recovery towards a bullish trajectory.

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Today’s trading range is anticipated to be between $28.70 as support and $29.50 as resistance.

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