Silver price resumed its positive trading to approach gradually from our waited target at 16.56, reminding you that we need to breach this level to confirm extending the bullish wave on the short term basis and open the way to head towards 17.43 as a next main station.
In general, we will continue to suggest the bullish trend unless breaking 15.49 level, as breaking this level will push the price to suffer losses that start at 14.60 and extend to 13.75 on the short term basis.
Expected trading range for today is between 16.20 support and 16.60 resistance.
Expected trend for today: Bullish