Silver price achieved temporary decline to lean on the correctional bullish channel’s support line that appears on the chart, and the EMA50 meets this support to add more strength to it, while stochastic shows oversold signals.
Therefore, these factors encourage us to continue suggesting the bullish trend for the upcoming period, as a bullish correction for the decline measured from 26.21 to 18.13, noting that our next target is located at 21.30, while achieving it requires holding above 20.00.
The expected trading range for today is between 20.10 support and 20.90 resistance.
The expected trend for today: Bullish