Silver price’s decline stopped at 22.60 level, to rebound bullishly and cancel the negative pattern mentioned in our last report and surpass 23.15 level, as it settles above it now, which leads the price to resume the bullish trend on the intraday basis, organized inside the bullish channel that appears on the chart, waiting to visit 23.90 followed by 24.20 levels as next main targets.
The EMA50 supports the expected rise, which will remain valid conditioned by the price stability above 22.85.
The expected trading range for today is between 22.85 support and 23.60 resistance.
The expected trend for today: Bullish