Silver price fluctuates negatively to approach testing the intraday bullish channel’s support line, noticing that stochastic reaches the oversold areas, while the EMA50 continues to support the price from below.
Therefore, we believe that the chances valid to resume the main bullish trend, which its next target located at 28.25, while holding above 26.60 is required to continue the expected rise.
The expected trading range for today is between 26.60 support and 27.70 resistance.
The expected trend for today: Bullish