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Silver price consolidates above the support base - Forecast today - 12-09-2024
Silver price confirmed breaching 28.55$ level after closing the daily candlestick above it, to form support base above this level and head towards achieving more expected rise on the intraday basis, reminding you that our next target is located at 29.30$.
The EMA50 provides the positive support to the price to reinforce the expectations to rise, noting that breaking 28.55$ will push the price to turn to decline and head to test 27.62$ areas initially.
The expected trading range for today is between 28.30$ support and 29.20$ resistance.
Trend forecast: Bullish
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