The price of silver is finding support at the $30 level, indicating a strong market floor. Traders are closely monitoring central bank actions and liquidity measures, considering silver’s status as both a precious and industrial metal. Short-term dips near $30 are likely to be supported, with the 50-day EMA providing additional reinforcement. Resistance is expected at the $32.50 level, which could serve as a target for future price movement. A daily close above $32.50 may open the door for further upside potential in the long term. Despite the market’s strength and momentum, traders are advised against short selling silver due to its unpredictable fluctuations. Looking for buying opportunities during price dips could be a favorable strategy in the current market environment.