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Analysis of the silver price indicates a stable trajectory, encountering robust intraday resistance at $24.85, delineated by the EMA50. Investors await positive momentum to propel the price beyond this barrier towards the subsequent target at $25.50.
The bullish trend scenario remains valid unless the price breaches the $24.60 threshold and sustains a position below it. Such a breach could potentially trigger a bearish wave, targeting areas around $23.70.
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Expected Trading Range for Today:
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Support: $24.40
Resistance: $25.10
Trend Forecast: Bullish
