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Silver price achieves strong gains -

The silver price rallied strongly, breaching the $31.00 level and settling above it, signalling the end of the recent bearish correction and aiming to achieve expected gains in the upcoming sessions.

The price targets testing the recently recorded high at $32.50 as a first positive station, with potential extension of the bullish wave to reach $33.25 upon breaching this level.

The bullish bias is suggested for the intraday and short-term basis, but breaking $31.00 will halt the bullish wave and initiate new bearish correction.

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