Silver price shows negative trading by today’s opening, as the price is affected by stochastic negativity, on its way for potential test to 16.00 level initially.
But until now, the bullish trend scenario still valid as long as the price is above 16.00, and the positive effect of the double bottom pattern still active, waiting to breach 16.50 to confirm rallying towards 17.30 that represents our next main target.
The expected trading range for today is between 16.05 support and 16.40 resistance.
The expected trend for today: Bullish