Silver price approached our waited target at 15.23 in the previous sessions but it bounced downwards clearly to test the intraday bullish channel’s support line that appears on the chart, noticing that the EMA50 provides the positive support to the price, which keeps the main positive scenario valid for the upcoming period, waiting to test the mentioned level mainly.
On the other hand, we should note that breaking 14.73 will stop the positive overview and press on the price to return to the main bearish track again.
The expected trading range for today is between 14.70 support and 15.00 resistance.
The expected trend for today: Bullish