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Silver Price Breaks Key Resistance, Eyes $31.63 Target

by Daisy

Silver prices have confirmed a breakout above the $30.63 level, closing the daily candlestick above this key resistance. This strengthens expectations for the continuation of the bullish trend on both the intraday and short-term charts, with the next major target set at $31.63.

Stochastic indicators are working to build positive momentum, supporting the bullish outlook. However, a fall below $30.63 would introduce new downward pressure, potentially testing the $29.63 level before any new upward attempts.

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For today, the expected trading range is between $30.50 support and $31.40 resistance.

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Trend forecast: Bullish

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