Silver price rallied upwards strongly yesterday to succeed achieving our second waited target at 16.00, starting today with more rise to breach this level and settles above it, which supports the chances of extending the bullish wave on the short term basis, paving the way to head towards 16.50 as a next main station.
Therefore, the bullish bias will remain dominant in the upcoming sessions, noting that holding above 16.00 represents initial condition to continue the expected rise.
The expected trading range for today is between 15.95 support and 16.35 resistance.
The expected trend for today: Bullish