“Silver Approaches Record-High Levels – Analysis (28-01-2026)”

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Silver (SILVER) rose in recent intraday trading, moving toward the current resistance level at $115.00, which had been highlighted as a target in our previous analyses. The upward move is supported by trading above the 50-period EMA, confirming the strength and stability of the short-term bullish trend.

Additionally, relative strength indicators continue to show positive signals, while the price remains aligned with key and minor bullish trend lines. This demonstrates solid bullish momentum and increases the likelihood of reaching higher levels in the near term.

We therefore expect Silver to continue rising in upcoming intraday sessions, particularly if it breaks above the $115.00 resistance, with the next target at $122.00.

Expected trading range: $107.00 support – $122.00 resistance
Today’s outlook: Bullish

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