Silver price attempts to recover – Analysis - 27-02-2020

Silver price approached our waited negative target at 17.60 and begins bouncing bullishly from there to hint the price head to regain the main bullish trend, as it gets positive support by stochastic, to reinforce the chances of achieving more gains in the upcoming sessions, waiting to test 18.38 level initially.

Therefore, the bullish bias will be suggested for today, and breaching 18.38 will open the way to achieve more gains that reach 19.00 as a next station, taking into consideration that the continuation of the bullish wave conditions holding above 17.60.

The expected trading range for today is between 17.90 support and 18.40 resistance.

The expected trend for today: Bullish