Silver price negotiates the resistance - Analysis - 18-03-2021

Silver price traded positively yesterday to test the key resistance 26.40, to hint heading to recover in the upcoming sessions, but it needs a daily close above the mentioned level to confirm the continuation of the rise and achieve more gains.

Now, we prefer staying aside until the price confirms its situation according to the mentioned level, noting that breaching it will lead the price to achieve positive targets that start at 27.05 and extend to 28.20, while consolidating below it represents the key to resume the bearish trend that its targets start by testing 25.50.

The expected trading range for today is between 25.70 support and 26.80 resistance.

The expected trend for today: Neutral