Silver price returns to fluctuate around 17.00 barrier after facing solid resistance at 17.43, and as we mentioned in our recent reports, the price needs to breach the mentioned resistance to open the way to extend the bullish wave towards 18.30.
Until now, the bullish trend scenario still valid for the upcoming period as long as the price remains stable above 16.55, noting that the EMA50 keeps supporting the suggested bullish wave.
Expected trading range for today is between 16.85 support and 17.30 resistance.
Expected trend for today: Bullish