Silver prices experienced a notable upward movement in the latest intraday trading, driven by a prevailing bullish correctional trend in the short term. The price is currently trading near its bias line, with positive signals emerging from the Relative Strength Index (RSI).
This rally saw silver breach its immediate resistance at $32.70, while also surpassing the 50-period Exponential Moving Average (EMA50), effectively overcoming previous negative pressures. These developments support the continuation of the positive momentum in the short term.
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