Silver price opened today’s trading with strong rise to touch 29.00$ barrier, to support the expectations of continuing the bullish trend on the intraday and short term basis, which targets 29.80 as a next station.
The EMA50 continues to support the price from below, to keep our bullish overview conditioned by the price stability above 27.85, as breaking this level will press on the price to turn to decline on the intraday basis and visit 25.50 areas before any new attempt to rise.
The expected trading range for today is between 27.85 support and 29.50 resistance.
The expected trend for today: Bullish