Silver price managed to breach 16.50 level and attempts to settle above it, which supports the continuation of the bullish trend scenario efficiently in the upcoming sessions, easing the way towards 17.30 that represents our next main target, pointing that building a support base above 16.50 is important for the continuation of the price rise for the rest of the day.
The expected trading range for today is between 16.30 support and 16.70 resistance.
The expected trend for today: Bullish