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Silver prices are hovering around the $24.00 mark, encountering some fluctuations influenced by stochastic negativity that poses a challenge to upward movement. However, the price receives positive support from the Exponential Moving Average (EMA50), sustaining the potential for the anticipated bullish trend on an intraday basis.
The primary target remains at $24.60, with a crucial condition being the maintenance of levels above $23.70 for the suggested bullish wave to persist.
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Today’s projected trading range spans between support at $23.70 and resistance at $24.60, reinforcing the overall bullish outlook for the day.
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