Silver price breaches the resistance - Analysis - 08-11-2021

Silver price shows additional rise to breach 24.20 level and attempts to hold above it, which hints heading to recover and achieve more expected gains on the intraday and short term basis, on its way to achieve positive targets that start at 25.05.

Therefore, the bullish bias will be expected in the upcoming sessions, taking into consideration that the price is building bullish pattern that has positive targets that surpass the above mentioned level to reach 27.00, while failing to hold above 24.20 will press on the price to decline again and visit 23.15 areas initially.

The expected trading range for today is between 24.00 support and 24.60 resistance.

The expected trend for today: Bullish