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Silver price oscillates back and forth at intraday levels in an attempt to gather positive momentum for a fresh rally with positive support from the 50-day SMA while the main medium-term uptrend dominates Did. A positive signal from the RSI after reaching an oversold level with an upward secondary short-term trendline.
So, as long as the 24.00 support holds, we expect silver price to move higher and target first resistance at 25.20.
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Today’s expected trading range is between 24.00 support and 25.20 resistance.
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