Silver price breached 16.75 level and closed the daily candlestick above it, to activate the bullish trend scenario on the intraday and short term basis, waiting to visit 17.43 level as a first main station, which breaching it represents the key to extend the bullish wave towards 18.30.
Therefore, the bullish bias will be suggested for today unless breaking 16.56 level and holding below it, noting that stochastic and the EMA50 current negativity might make the mission of achieving the suggested targets harder.
Expected trading range for today is between 16.70 support and 17.10 resistance.
Expected trend for today: Bullish