Midday update for Silver 12-11-2021

Silver price traded negatively to break 25.05 level and approaches the second key support 24.80, and as we mentioned this morning, the price needs to hold above this level to keep the bullish trend active for the upcoming period, depending on the price stability above this level to keep the positive effect of the inverted head and shoulders’ pattern valid, waiting to resume the bullish trend that targets 25.95 as a next station, taking into consideration that breaking 24.90 will push the price to visit 24.20 before any new attempt to rise.

The expected trading range for today is between 24.70 support and 25.80 resistance.

The expected trend for today: Bullish