Silver prices continue to rise, to keep approaching our waited target at 24.00, organized inside the bullish channel that supports the chances of continuing the rise and head towards our next target that reaches 24.50.
Therefore, our bullish overview will remain active, and the price is affected by the previously completed inverted head and shoulders’ pattern, supported by the EMA50, noting that the continuation of the bullish wave requires holding above 23.40 and the most important above 23.05.
The expected trading range for today is between 23.50 support and 24.50 resistance.
The expected trend for today: Bullish