Silver price hovers near 16.56 level since morning, and the price remains stable within the minor bullish channel that appears in the image, which gets good positive support from the EMA50, which keeps the bullish trend scenario valid until now, targeting 17.43 level as a next main station.
Holding above 16.10 level represents an important condition for the continuation of the positive expectations.
Expected trading range for today is between 16.40 support and 16.90 resistance.
Expected trend for today: Bullish