Silver price rallied positively surpassing 23.95 level, which represents a neckline for a double bottom formation that has targets reach towards 25.90 and 26.10
Therefore, the bullish trend will be preferred for today supported by EMA50 besides stochastic reaching the oversold area, while the bullish trend remains valid unless 23.95 – 23.70 levels were broken.
Expected trading range for today is between: 23.35 support and 26.10 resistance.
Expected trend for today: Bullish