Silver prices have been trading sideways with limited movement since the morning, maintaining the outlook for a bearish trend in the short term. For the bearish scenario to remain valid, silver must stay below the $31.63 resistance level. If this level is breached, the price is likely to decline, with the next targets at $30.63 and potentially $29.64.
Today’s expected trading range for silver is between a support level at $30.50 and a resistance at $31.50.
Trend Outlook: Bearish
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