Silver price managed to breach 16.80 barrier and holding above it, which supports the continuation of the expected bullish trend scenario efficiently in the upcoming period, opening the way towards our next main target at 17.43.
Therefore, we will keep our positive expectations active for today, supported by the EMA50, being aware that the continuation of the expected rise depends on the stability above 16.56 level.
Expected trading range for today is between 16.70 support and 17.30 resistance.
Expected trend for today: Bullish