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Silver price continues to trade within a narrow range, awaiting a positive catalyst to drive an upward movement, ultimately reaching our anticipated target at 22.25.
As a general guideline, the bullish trend scenario remains in force as long as the price remains above 21.35. It is essential to note that breaching the aforementioned target will propel the price towards 23.00 as the subsequent key level.
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The projected trading range for today is positioned between the support level of 21.50 and the resistance level of 22.25.
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Anticipated Market Trend: Bullish
