Silver price begins bullish correction - Analysis - 17-05-2022

Silver price traded with clear positivity yesterday to breach the bearish channel’s resistance and settles above it, to head towards achieving expected bullish correction on the intraday basis, its targets begin by testing 21.83, which breaching it represents the key to rally towards 22.67 as a next positive target.

Therefore, the bullish bias will be suggested for today, noting that breaking 21.40 will stop the expected rise and press on the price to return to the main bearish track again.

The expected trading range for today is between 21.20 support and 22.00 resistance.

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The expected trend for today: Bullish