Silver price trades with clear positivity now to reach the thresholds of the main waited target at 16.00, getting positive support by the EMA50 and stochastic, hinting that the chances are valid to breach the mentioned level and extend the bullish wave to reach 16.50 on the near term basis.
Therefore, we will continue to suggest the bullish trend for the rest of the day conditioned by the price stability above 15.62.
Expected trading range for today is between 15.62 support and 16.00 resistance.
Expected trend for today: Bullish