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Silver prices exhibited limited movement in the previous session, hovering around the $23.70 level. Consequently, our stance remains neutral until a decisive breach of key trend levels, with $23.70 acting as resistance and $23.50 as support.
A breach above the resistance level could signal a resumption of the bullish trend, targeting the next level at $24.60. Conversely, a breakdown below the support would introduce bearish sentiment, potentially leading to a decline toward $23.00.
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The anticipated trading range for the day is expected to oscillate between the support at $23.20 and resistance at $24.10.
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Today’s Trend Outlook: Neutral
